Americans have been yacking at each other about the US-China exchange rate for so long, that sometimes we forget that things change even without dramatic occurrences in American politics. For example, China's trade surplus is shrinking and "after adjusting for inflation, the renminbi appreciated 12 percent against the dollar in the last 18 months."
To the best of my knowledge, the Treasury Department continues to work on this more-or-less behind the scenes, but the bottom line is that events are moving in the direction the U.S. favors so there simply isn't a ton to be done at this point.
TODAY IN SLATE
More Than Scottish Pride
What Charles Barkley Gets Wrong About Corporal Punishment and Black Culture
Why Greenland’s “Dark Snow” Should Worry You
Three Talented Actresses in Three Terrible New Shows
Why Do Some People See the Virgin Mary in Grilled Cheese?
The science that explains the human need to find meaning in coincidences.
Happy Constitution Day!
Too bad it’s almost certainly unconstitutional.