The Treasury announced today that Secretary Tim Geithner will travel to Pittsburgh on Wednesday to tour an Allegheny Technologies Incorporated steel plant and meet with workers and management "to discuss the critical role that innovation and new technology plays in maintaining the competitiveness of the U.S. manufacturing sector". Following the tour of the ATI plant, Secretary Geithner will visit the United Steelworkers headquarters to meet privately "with labor and business leaders to discuss the state of the economy and the importance of America’s manufacturing sector."
WHO: Treasury Secretary Tim Geithner
United Steelworkers President Leo Gerard
CEO of Allegheny Technologies Patrick Hassey
WHAT: ATI plant tour and meetings with company executives and workers
WHERE: Allegheny Ludlum Washington Plate
500 Green Street
Washington, PA
China is likely to be declared a currency manipulator by the US Treasury on or before April 15, 2010, given the statement of Carl Moulton, vice chairman of SSINA and vice president of international at Allegheny Technologies Inc., who said "Even so, China apparently is not prepared to allow its currency to be valued in accordance with market fundamentals, and multilateral efforts to this juncture have likewise been rebuffed by the Chinese government". And given that China in late 2009 placed import duties on AK Steel Holding Corp., OAO Novolipetsk Steel and Allegheny Ludlum Corp.
ReplyDeleteAnd it looks like Obama could be "staffing up" for a trade war with China that would invole sanctions as EndRTimesBlogspot in article Bring On Rhe Recess Appointments ... http://tinyurl.com/y8awf23 ... reports that the White House has just announced that President Obama has made fifteen recess appointments, including several for hot-button nominees. These are appointees Republicans refused to allow votes on and for which the president’s supporters have been pressing for recess appointees. These include Eric L. Hirschhorn, Michael Punke, Francisco “Frank” J. Sánchez, Islam A. Siddiqui, Alan D. Bersin, and Jeffrey Goldstein