Is a Trade War with China Brewing?

When the U.S. Senate last February introduced a clause requiring the purchase of U.S.-made steel and iron in Washington’s $787 billion stimulus package, the Chinese government decried the “Buy American” measure as a dangerous step toward trade protectionism, stressing that Beijing would not respond in kind.

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New clip shows ‘Jon & Kate’ troubles

TLC released another video segment Friday from the network’s one-hour "Jon & Kate Plus 8" episode scheduled to air Monday night. The scene focuses on “crooked houses” — outdoor mini-houses that the Gosselins are putting on their property that kids get to design — and Jon and Kate’s disagreement as to where they should be placed. After briefly showing the excited siblings playing in the houses, the scene gets right to the subject of the couple’s troubled marriage

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A Health Care Reality Check Slows Congress

Whether or not health care reform actually passes in the end, this may be remembered as the week that the reality of the challenge such a massive overhaul poses finally dawned on lawmakers. And that reality is this: It’s all about the dollars. Coming up with a bill that doesn’t add to the deficit is turning out to be even harder than members of Congress thought it would be

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Consumer Borrowing Is Down, But For How Long?

Americans relied less on borrowed money in April than they did in March a sign that the pullback on debt-fueled spending continued into the spring. New data from the Federal Reserve shows that outstanding consumer credit which includes credit cards, auto loans and tuition financing, but not mortgages, fell by $15.7 billion to $2.52 trillion, an annualized drop of 7.4%

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Oil’s Sky-High Forecast

Racing between OPEC meetings in Vienna, Saudi Arabia’s powerful oil minister Ali Al-Naimi told a reporter that the cartel was “determined” to keep the price of oil at around $25 a barrel, rather than risk a slump in the market by boosting its production. Wait a minute. $25 Al-Naimi said that in April 2003 — less than five years ago — when a barrel of oil cost one-quarter of this week’s whopping $100, and when prices were regarded as high enough to keep oil-rich countries happy

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China quarantines U.S. school group over flu concerns

A group of students and teachers from a Maryland private school have been quarantined in China because of swine flu concerns, a school spokeswoman said Thursday. The Chinese government has confined 21 students and three teachers to their hotel rooms in Kaili, China, because a passenger on their plane to China was suspected of having swine flu, or H1N1, said Vicky Temple, director of communications for the Barrie School in Silver Spring, Maryland.

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