American media and international organizations of journalists expressed their objections to the recently published new guidelines in a US military war manual. Two months ago, the Pentagon released the “Law of War manual”, which enables commanders to treat journalists as “unprivileged belligerents.”
President and CEO of the Federal Reserve Bank of New York―William Dudley said if the Chinese economy is weaker than the authorities expected, then adjustment of the RMB exchange rate may be an appropriate move. This is the first public response from a senior Fed official regarding the exchange rate adjustment of the Chinese yuan.
The People’s Bank of China announced devaluation of the Chinese yuan on Tuesday. The PBC said that the central bank will begin to set the yuan's central parity rate against the greenback based on market-based quotes and the previous trading day's closing level to better reflect market forces.
After the Democratic Party suffered a defeat in the US mid-term elections in November 2014, President Barack Obama shifted his focus to accumulating his own political legacy. Facing with a sustained deterioration in relations between the US and Russia, Obama hasn’t shown any intention to make any changes to improve the situation.
After a few candidates announced their running, the 2016 Presidential Election campaigns have already kicked off. If nothing unexpected happens, Hillary Clinton and Jeb Bush will become the candidates representing each party.
The predictable defeat on Trade Adjustment Assistance (TAA) last week compounded Obama administration's suffering in pushing forward the Trans-Pacific Partnership (TPP), which has already caused controversies in the US and abroad. On the surface, Congress doesn't seem to have objection to TPP.