Wall Street opens a tad higher after jobs data

NEW YORK (Reuters) - U.S. stocks opened slightly higher after a key U.S. jobs report showed the pace of hiring by employers had eased sightly in December but gave signals of some momentum in the labor market's recovery since the 2007-09 recession.
Though the data showed lackluster economic growth was unable to make a dent in the still-high U.S. unemployment rate, it calmed fears about the possibility of the U.S. Federal Reserve ending its highly stimulative monetary policy.
The Dow Jones industrial average was up 17.12 points, or 0.13 percent, at 13,408.48. The Standard & Poor's 500 Index was up 1.49 points, or 0.10 percent, at 1,460.86. The Nasdaq Composite Index was up 0.75 points, or 0.02 percent, at 3,101.32.
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Data-feed glitch leaves some traders in dark on Nasdaq prices

NEW YORK (Reuters) - A technical glitch caused an outage of around 15 minutes on real-time prices for Nasdaq listed stocks, including Apple Inc and Google Inc , for many investors on Thursday, traders and multiple industry sources said.
Nasdaq said at 1:42 p.m. in an alert to traders that it was investigating an issue involving the Universal Trading Platform's (UTP) centralized securities information processor (SIP) data feeds, which consolidate and display market data for Nasdaq-listed securities from all trading venues.
Shortly after, Direct Edge, the No. 4 U.S. equities exchange, said it had halted trading in all Nasdaq order books. It said about 10 minutes later that all trading had resumed.
U.S. exchanges and alternative trading systems use UTP to quote and trade Nasdaq stocks. Those that do so must provide their data to the SIP for data consolidation and dissemination to traders that subscribe to the data feed.
The outage meant that continuous quotations and continuous last sale information from all market centers trading Nasdaq-listed securities was unavailable to as many as 2.5 million traders, said Eric Hunsader, founder of trading software and technology firm Nanex.
NYSE-listed securities, which are on a different data feed, were unaffected.
Hunsader said the reason behind consolidated feeds was to make market data affordable to the average investor.
Traders can also subscribe to direct data feeds from exchanges, rather than relying on the consolidated feeds. The direct feeds were unaffected by the UTP outage.
"This is a great example of the two-tiered market that we have developed," said Joe Saluzzi, co-head of trading at Themis Trading.
"There are the 'haves,' who subscribe to all of the private data feeds and various hardware and software and spend a ton of money, and then there are the 'have-nots,' which are the public who rely on the SIP," he said.
Data on quotes from the UTP SIP were stopped showing from 13:37.24 to 13:48.19, and data on trades were out from 13:36.55 to 13:51.14, said Hunsader, who maintains a blog where he posts frequently on sudden, computer-driven moves in markets.
A Nasdaq spokesman declined to comment. Spokesmen for Direct Edge and NYSE Euronext had no comment, and a spokesman for BATS Global Markets, the No. 3 U.S. equities exchange, was not immediately available.
In September, Big Board operator NYSE said it would pay $5 million to settle with the U.S. Securities and Exchange Commission after software issues and compliance failures allegedly led to some of the exchange's customers receiving access to market data faster others.
The SEC said at the time that early access to market data can lead to "a real and substantial advantage."
An SEC spokeswoman declined to comment on the UTP issue on Thursday.
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Hedge fund chief Einhorn disappoints, Loeb has big 2012

BOSTON/NEW YORK (Reuters) - Widely followed hedge fund managers Daniel Loeb and David Einhorn ended the year on divergent notes with Loeb's firm handily beating the broader stock market and Einhorn's firm posting a modest single-digit annual gain after performing poorly in December.
For Einhorn, who has moved stock prices by simply opening his mouth, 2012 ended with lackluster returns when his Greenlight Capital lost 2.8 percent in December, a person familiar with the fund's performance said.
Thanks to losses on computer maker and market darling Apple Inc and in the gold market, Einhorn's investors saw their once healthy double-digit gain shrivel late in the year to leave Greenlight Capital with an 8.3 percent increase for 2012.
Einhorn is among a handful of particularly committed Apple investors; he mentioned the company as a favorite pick in May and has told investors that he expected the stock price to hit $700, which it did very briefly in September. In the last three months, however, the price has tumbled about 20 percent and is currently trading at around $531.
With his annual return, Einhorn lagged the broader stock market where the S&P 500 index ended the year with a 13.4 percent gain, excluding dividends. The average global hedge fund gained only 3.17 percent, according to data from Hedge Fund Research.
The disappointing end of the year performance at Greenlight Capital illustrates how even a highly influential manager like Einhorn, who has enjoyed something of a cult following in the $2 trillion hedge fund industry ever since his bearish call on Lehman Brothers in early 2008, can stumble.
For much of the year speculation mounted over which stocks Einhorn would pick or pan with General Motors and Marvell Technology Group getting the thumbs up from the manager.
But Marvell's stock price tumbled at the end of the year after it was ordered to pay $1.17 billion to settle a patent infringement lawsuit likely costing Greenlight Capital millions in losses.
A spokesman for Einhorn declined to comment.
At the same time, Einhorn clearly failed to cash in on supplements company Herbalife where his probing questions on a conference call in May sent the company's share price tumbling and fanned widespread talk that he might be preparing to short the stock price.
But in the end it was William Ackman's Pershing Square Capital Management that unveiled its own big short against Herbalife in late December, helping salvage an otherwise lackluster year for the $11 billion fund. Pershing Square gained 5.8 percent in December to end the year up 12.4 percent, an investor in the fund said.
In 2011, it was Einhorn who got a big boost from having said very publicly in October that he was shorting Green Mountain Coffee Roasters. The ensuing plunge in Green Mountain shares helped Greenlight end 2011 up 3 percent, after being in negative territory for much of 2011.
Meanwhile Loeb, known for his sharp tongue and muscle in trying to get some big U.S. companies to shape up their business, had another stellar year, investors in his $9.3 billion firm said.
His Third Point Ultra fund, which uses borrowed money to boost returns, delivered a 33.6 percent gain for the year after climbing 5.4 percent in December. His Third Point Offshore fund gained 21.1 percent after rising 3.6 percent in December.
While Loeb was also hurt by a drop in the price of Apple and gold, he more than made up for it with savvy bets on Greek government bonds and Yahoo.
He told investors in October that he had scooped up certain Greek government bonds for about 17 cents on the dollar, which were part of a so-called "strip" of 20 newly issued bonds that mostly trade bundled together. Loeb said the market was mistakenly pricing the debt to reflect a Greek exit from the euro zone currency area, something Loeb thought was unlikely and something which has not happened.
Third Point was not available for comment.
Even as many managers are still compiling their 2012 numbers, some hedge fund investors have characterized the year as largely subpar with only a handful of big-name managers able to deliver the kind of outsized returns that made the industry famous.
Activist investing strategies, as pursued by Ackman's Pershing Square and Barry Rosenstein's JANA Partners, were among the industry's biggest winners. JANA's Nirvana Fund gained 33.3 percent for the year while its JANA Partners fund returned 23.2 percent, an investor in the fund said.
Also veteran stock picker Leon Cooperman's Omega Advisors, turned out of their downtown Manhattan offices for weeks by Hurricane Sandy, delivered strong returns with a net return of 26 percent, a person invested with Omega said.
Kenneth Griffin's $14 billion Citadel told investors that its flagship Wellington multi-strategy fund gained 3.4 percent in December to end the year up 25.5 percent, someone familiar with the portfolio said.
Steven Cohen's SAC Capital Advisors, with $14 billion under management and long known for its strong and steady returns, ended the year up 12 percent, people familiar with the portfolio said. Och-Ziff Capital Management, a $32 billion favorite with pension funds and governments, reported that its Master Fund climbed 11.18 percent last year.
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Fighting rages around Syrian military air base

BEIRUT (AP) — Syrian troops and rebels fought intense battles Thursday around a strategic air base in the country's north and a suburb of the capital that government forces have been trying to capture since last month, activists and state media said.
The fighting is part of the escalating violence in a Syrian civil war that the United Nations estimates has killed more than 60,000 people since the revolt against President Bashar Assad began in March 2011.
The Britain-based Syrian Observatory for Human Rights said rebels stormed parts of the Taftanaz air base in the northwestern province of Idlib before withdrawing. The state-run SANA news agency said government forces protecting the base "repelled the terrorists' attempt to attack the airport" and inflicted heavy losses. The Syrian regime routinely refers to rebel forces as "terrorists."
The Observatory said rebels resumed their assault early Thursday in an attempt to capture the base, which has resisted several opposition efforts to take the facility in recent months.
The rebels have been pursuing a strategy of attacking airports and military airfields, targeting five air bases in Idlib and the nearby province of Aleppo, trying to chip away at the government's air power, which poses the biggest obstacle to advances by opposition fighters.
With its troops struggling to make headway — let alone gain ground — against the rebels in the field, the government has increasingly relied on its warplanes and helicopters to target opposition forces.
The Observatory and the Local Coordination Committees, another activist group, reported clashes, air raids and shelling in several suburbs of the capital Damascus, including Daraya, which the regime has been trying to capture from hundreds of opposition fighters for weeks.
The pro-government al-Watan daily said Thursday that the army destroyed rebel strongholds in Daraya and inflicted heavy losses, adding that the area would be declared safe later in the day.
Daraya lies in a key location, and a government takeover there would provide a boost to the regime's defense of Damascus.
The suburb is just a few kilometers (miles) from the strategic military air base of Mazzeh in a western neighborhood of the capital. It borders the Kfar Sousseh neighborhood that is home to the government headquarters, the General Security intelligence agency head office and the Interior Ministry, which was the target of a recent suicide bombing that wounded the interior minister.
Al-Watan said thousands of rebel fighters from the extremists Jabhat al-Nusra group have holed up in Daraya in preparation to storm Damascus. Jabhat al-Nusra, which has been branded a terrorist organization by the U.S. and which Washington claims is affiliated with al-Qaida, has been among the most effective fighting forces on the rebel side.
One of the airstrikes hit a building in the Damascus suburb of Douma. Amateur videos showed the top floor of the building heavily damaged as wounded were rushed away in cars and pickup trucks. Many of the wounded were covered with dust.
People rushed to rescue the wounded in a street that was covered with debris and mangled metal. The Observatory and the LCC said eight people were killed Thursday in Douma and nearby areas. Damascus.
The videos appeared genuine and corresponded with other AP reporting on the events.
In another air raid, the Observatory said dozens of people were killed or wounded in the town of Hayan in Aleppo province.
The Observatory reported that rebels attacked a power station in the central province of Hama. Syrian TV said troops protecting the station repelled the attackers.
The Observatory and the Local Coordination Committees reported fighting and shelling in different areas of the southern province of Daraa, which borders Jordan. Daraa was the region where the anti-Assad uprising began in March 2011.
In Jordan, the U.N. refugee agency said Thursday that there has been a steady increase of Syrians fleeing into Jordan over the past two weeks.
UNHCR reporting officer Danita Topcagic said in the past three days, an average of 1,200-1,300 crossed the border, mainly due to fighting and skyrocketing prices of basic commodities.
Topcagic said refugees told UNHCR that the Free Syrian Army was also encouraging them to flee due to increased fighting in the area. Also, markets and shops are often shuttered making it difficult for people to find food, electricity and water supplies are intermittent and hospitals in many places have shut.
She said that in mid-December a daily average of 757 Syrians had crossed Jordan's northern frontier, while in November the average number daily was around 600.
Syria's civil war has turned more than half a million Syrians into refugees. Most have sought safe haven in Jordan, Lebanon and Turkey.
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Car bomb in Iraq kills 12 Shiite pilgrims

BAGHDAD (AP) — Iraqi officials say a car bomb has struck a procession of Shiite pilgrims south of Baghdad, killing at least 12 and wounding dozens.
A police official says the bomb exploded late Thursday afternoon in the town of Musayyib, about 60 kilometers (40 miles) south of the Iraqi capital.
He says the bomb hit the pilgrims as they were returning from the holy city of Karbala to commemorate the Arbaeen. The religious event marks the passing of 40 days after the anniversary of the seventh century martyrdom of the revered Shiite saint Imam Hussein, the grandson of the Prophet Muhammad.
A hospital official confirmed the casualty toll. The officials spoke on condition of anonymity because they were not authorized to release the information to reporters.
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Car bomb in Iraq kills 17 Shiite pilgrims

BAGHDAD (AP) — A car bomb explosion tore through a crowd of Shiite pilgrims returning home Thursday from a religious commemoration, killing at least 20 and reinforcing fears of renewed sectarian violence, according to Iraqi officials.
The blast erupted late in the afternoon in the town of Musayyib, about 60 kilometers (40 miles) south of the Iraqi capital. It targeted worshippers returning from the Shiite holy city of Karbala following the climax of the religious commemoration known as Arbaeen.
Children were among the 20 people confirmed killed, according to a police official. He said at least 50 people were wounded.
The explosion went off in the middle of a gathering of pilgrims changing buses coming from Karbala on their way to other destinations in the country, according to police.
A hospital official confirmed the casualty toll. The officials spoke on condition of anonymity because they were not authorized to release the information to reporters.
Thursday marked the height of Arbaeen, when hundreds of thousands of Shiite pilgrims converged on Karbala to mark the passing of 40 days after the anniversary of the seventh century martyrdom of the revered Shiite saint Imam Hussein, the grandson of the Prophet Muhammad.
Shiite pilgrims are one of the favorite targets for Sunni insurgents during Shiite religious events.
Iraqi authorities typically tighten security in Karbala and along routes used by pilgrims, but security forces acknowledge they are unable to prevent all attacks.
As in previous years, the pilgrims practiced the ritual of self-flagellation on the streets, hoisted Shiite religious flags on trees and lamp posts and served food from tents pitched on street corners.
Zaid Mohammed, a 21-year old student, said he walked to Karbala from a nearby city to show his deep respect for Imam Hussein.
"All the people came here to show their gratitude and appreciation for the sacrifices made by Imam Hussein while fighting injustice," he said. "We have decided to confront all the security risks that we might face on our way to Karbala."
State television earlier Thursday aired video of Prime Minister Nouri al-Maliki walking among the pilgrims.
Thursday's attack came after Iraqi authorities ordered the release of 11 women facing criminal charges and pledged to transfer other women prisoners to jails in their home provinces
The move appeared aimed at addressing a main demand during a wave of protests by the country's Sunni minority against the Baghdad government.
The demonstrations erupted following the arrest of bodyguards assigned to Finance Minister Rafia al-Issawi, one of the central government's most senior Sunni officials. The protests tap into deeper Sunni feelings of perceived discrimination and unfair application of laws against their sect by Shiite Prime Minister Nouri al-Maliki's government.
Vice President Tariq al-Hashemi, another high-ranking Sunni official, is living in exile in Turkey after he was handed multiple death sentences in absentia for allegedly running death squads, a charge he dismisses as politically motivated.
Justice Ministry spokesman Haider al-Saadi said the families of the imprisoned women can secure their release by paying bail. He added that 13 Sunni women convicted on criminal charges will be transferred from a Baghdad jail to prisons in their home provinces of Anbar, Salahuddin and Ninevah to serve out their sentences.
The detention of female prisoners has been a focus of the demonstrations, but it was not clear whether the decision to release some of them will satisfy the protesters.
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Car bomb in Iraq kills 20 Shiite pilgrims

BAGHDAD (AP) — A car bomb explosion tore through a crowd of Shiite pilgrims returning home Thursday from a religious commemoration, killing at least 20 and reinforcing fears of renewed sectarian violence, according to Iraqi officials.
The blast erupted late in the afternoon in the town of Musayyib, about 60 kilometers (40 miles) south of the Iraqi capital. It targeted worshippers returning from the Shiite holy city of Karbala following the climax of the religious commemoration known as Arbaeen.
Children were among the 20 people confirmed killed, according to a police official. He said at least 50 people were wounded.
The bomb went off in the middle of a gathering of pilgrims changing buses coming from Karbala on their way to other destinations in the country, according to police.
"The explosion shook the whole block and smashed the windows of my house," said teacher Ibrahim Mohammed, who lives nearby. "I ran to the scene of the explosion only to find charred bodies and burning cars. There were women screaming and searching for their missing children."
A hospital official confirmed the casualty toll. The officials spoke on condition of anonymity because they were not authorized to release the information to reporters.
Thursday marked the height of Arbaeen, when hundreds of thousands of Shiite pilgrims converged on Karbala to mark the passing of 40 days after the anniversary of the seventh century martyrdom of the revered Shiite saint Imam Hussein, the grandson of the Prophet Muhammad.
Shiite pilgrims are one of the favorite targets for Sunni insurgents during Shiite religious events.
Iraqi authorities typically tighten security in Karbala and along routes used by pilgrims, but security forces acknowledge they are unable to prevent all attacks.
As in previous years, the pilgrims practiced the ritual of self-flagellation on the streets, hoisted Shiite religious flags on trees and lamp posts and served food from tents pitched on street corners.
Zaid Mohammed, a 21-year old student, said he walked to Karbala from a nearby city to show his deep respect for Imam Hussein.
"All the people came here to show their gratitude and appreciation for the sacrifices made by Imam Hussein while fighting injustice," he said. "We have decided to confront all the security risks that we might face on our way to Karbala."
State television earlier Thursday aired video of Prime Minister Nouri al-Maliki walking among the pilgrims.
Thursday's attack came after Iraqi authorities ordered the release of 11 women facing criminal charges and pledged to transfer other women prisoners to jails in their home provinces
The move appeared aimed at addressing a main demand during a wave of protests by the country's Sunni minority against the Baghdad government.
The demonstrations erupted following the arrest of bodyguards assigned to Finance Minister Rafia al-Issawi, one of the central government's most senior Sunni officials. The protests tap into deeper Sunni feelings of perceived discrimination and unfair application of laws against their sect by Shiite Prime Minister Nouri al-Maliki's government.
Vice President Tariq al-Hashemi, another high-ranking Sunni official, is living in exile in Turkey after he was handed multiple death sentences in absentia for allegedly running death squads, a charge he dismisses as politically motivated.
Justice Ministry spokesman Haider al-Saadi said the families of the imprisoned women can secure their release by paying bail. He added that 13 Sunni women convicted on criminal charges will be transferred from a Baghdad jail to prisons in their home provinces of Anbar, Salahuddin and Ninevah to serve out their sentences.
The detention of female prisoners has been a focus of the demonstrations, but it was not clear whether the decision to release some of them will satisfy the protesters.
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Iraq orders release of 11 women from prison

BAGHDAD (AP) — Iraqi authorities on Thursday ordered the release of 11 women facing criminal charges and pledged to transfer other women prisoners to jails in their home provinces, in a move to address a main demand during a wave of protests by the country's Sunni minority against the Baghdad government.
The demonstrations erupted following the arrest of bodyguards assigned to Finance Minister Rafia al-Issawi, one of the central government's most senior Sunni officials. The protests tap into deeper Sunni feelings of perceived discrimination and unfair application of laws against their sect by Shiite Prime Minister Nouri al-Maliki's government.
Vice President Tariq al-Hashemi, another high-ranking Sunni official, is living in exile in Turkey after he was handed multiple death sentences in absentia for allegedly running death squads, a charge he dismisses as politically motivated.
Justice Ministry spokesman Haider al-Saadi said the families of the imprisoned women can secure their release by paying bail. He added that 13 Sunni women convicted on criminal charges will be transferred from a Baghdad jail to prisons in their home provinces of Anbar, Salahuddin and Ninevah to serve out their sentences.
The detention of female prisoners has been a focus of the demonstrations, but it was not clear whether the decision to release some of them will satisfy the protesters.
Also Thursday, hundreds of thousands of Shiite pilgrims converged on the holy city of Karbala to commemorate the Arbaeen religious event, which marks the passing of 40 days after the seventh century martyrdom of the revered Shiite saint Imam Hussein, the grandson of the Prophet Muhammad.
The pilgrims practiced the ritual of self-flagellation on the streets, hoisted Shiite religious flags on trees and lamp posts and served food from tents pitched on street corners.
Zaid Mohammed, a 21-year old student, said he walked to Karbala from a nearby city to show his deep respect for Imam Hussein.
"All the people came here to show their gratitude and appreciation for the sacrifices made by Imam Hussein while fighting injustice," he said. "We have decided to confront all the security risks that we might face in our way to Karbala."
Shiite pilgrims are one of the favorite targets for Sunni insurgents during Shiite religious events. Tight security surrounded the mass Arbaeen gathering as in the previous years.
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Google filing error shocks investors, exposes process

SAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong.
Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results were released by the U.S. Securities and Exchange Commission hours ahead of schedule.
Earnings were far less than analysts expected and Google shares immediately plunged as much as 10.5 percent, knocking $26 billion off its market capitalization - the equivalent, as it happens, of about 13 R.R. Donnelleys.
It was quickly obvious that a mistake had been made -- the second paragraph of the filing said "PENDING LARRY QUOTE" instead of an actual quote from Google CEO Larry Page -- but it was not clear why.
Within minutes, though, an unknown prankster set up a "PendingLarry" Twitter feed to hypothesize what the missing quote might be. Among the highlights: "Man, our privacy was WAY violated today."
Donnelley shares lost more than 5 percent after Google started pointing the finger, though they recovered later in the day. The company did not respond to a call for comment, but issued a statement to CNBC in which it said it was investigating the circumstances of the release.
Best known as a provider of printing services, Donnelley is also the top SEC filing agent in the country, handling more than 75,000 submissions this year as of mid-October, according to SECInfo.com.
Filing agents like Donnelley take paper documents and convert them for submission to the SEC in the appropriate format. The company also owns the filing portal EDGAR Online.
WHO GOOFED?
It is far from the first time a company's earnings have somehow gotten out early.
In late 2010 and early 2011, inadvertent releases - usually by a misplaced release on a website - plagued companies like Walt Disney Co (NYS:DIS) and Microsoft Corp (NSQ:MSFT).
The common thread in all of those cases is that investors who are not in the right place at the right time to see the news may suffer for it.
"Some who didn't get a chance to sell will try to, and others will be looking for bargains. I'm sure a lot of Google owners were caught off guard," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas.
After the first question of "who goofed?" was sorted out Thursday afternoon, the second one being asked by investors was "can we sue?"
"Everyone is trying to figure out if there's any legal issue with respect to R.R. Donnelley. Google is halted, Donnelley is down big-time on the news since they're allegedly not supposed to have released the information," said Michael Matousek, senior trader at U.S. Global Investors in San Antonio.
But one plaintiffs lawyer who sues companies on behalf of investors said shareholders would not have a claim against either Google or R.R. Donnelley because the earnings disclosure was likely a mistake.
"There's no fraudulent intent here," said Reed Kathrein with Hagens Berman.
R.R. Donnelley may not be entirely off the hook with Google, however. The company could have a negligence claim to recover any additional costs it incurred in responding to the incident, Kathrein said.
Any potential damages against R.R. Donnelley could be limited, though, by the contract between the two companies.
Late Thursday, Google filed an amended press release with the missing quote and a confirmation that the figures in the original were accurate.
R.R. Donnelley shares were up 2 cents at $10.87 in late trading. Google was down 8.1 percent to $693.94 after trading resumed.
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Who Owns America’s Debt?

As the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.
According to Barry P. Bosworth, a senior fellow at the Brookings Institution, our two biggest foreign creditors are Japan and China.
Although it may seem as though our debt to these countries renders us a puppet on strings, Bosworth says this fear is overblown. The U.S. market is very important to China's economy, so China would be loathe to do anything that might exacerbate tensions or disrupt trade between the two countries. And the same can be said for Japan. China owns $1.15 trillion of U.S. government debt -- more than any other country -- but U.S. taxpayers actually owe less money to China compared to recent years. China holds 10% of U.S. Treasuries, down from 12% two years ago.
Related: China's Slow Growth 'Marks An End of an Era' But No Hard Landing
And what about all the anti-China rhetoric that we hear about on the campaign trail?
Republican Presidential Nominee Mitt Romney has been promising the country that he will declare China a "currency manipulator" on the first day of his presidency--and then enact tariffs as necessary until he forces China to level the trading playing field. Is that something that Romney is actually likely to do if he gets elected?
No, says Bosworth.
Tough talk with respect to China has become standard rhetoric for any presidential challenger. If and when Romney becomes president, his position will likely mellow.
Bosworth also says that the problem with the U.S.-China trade relationship is not, as is commonly believed, that China doesn't play fair. China has actually addressed lots of its unfair practices over the past decade, Bosworth says, while the U.S. is still pursuing the same old self-destructive habits. Until we stop consuming so much and start producing more, Bosworth says, we're in no position to demand anything.

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