Rather than dousing large corporations with vinegar -- as the Occupy Wall Street protesters urge -- Washington should smother them with honey. Doing so would loosen their purse strings to fund new investment, bolster the economy, and create jobs.
For years, officials in Washington have complained loudly about Beijing's efforts to manipulate its currency. One novel option to stem the practice is both within international rules and would likely work: taxing the income on Chinese holdings of U.S. financial assets.
Can the Doha trade talks ever be brought to a close? Without a final consensus, the global trading system remains fragmented. The best chance for a lasting agreement is for China and the United States to make new and significant concessions.