China's Potemkin Stock Market

The Chinese miracle plays on. Around the world, the yuan pushed up against the dollar now that Chinese leaders are letting the yuan float. Chinese stock markets are soaring. Meanwhile, Senator Joseph Lieberman has launched legislation to specifically grant the Obama administration the power to "turn off" the Internet in case of a national emergency. "Right now China, the government, can disconnect parts of its Internet in case of war and we need to have that here too," Lieberman reportedly said

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