China lords over its currency the way a pilot manages the air speed of a plane — not much laissez-faire. Now, Chinese officials say the yuan will be allowed to float within a wider range.
There’s word today the federal government is moving to render those stolen cell phones a lot less valuable. The plan is to make phone companies keep a registry of specific phones as opposed to phone numbers.
Leaders of Brazil, Russia, India, China and South Africa are meeting today in New Delhi to work on an economic strategy apart from the developed world.
