The US Senate has passed a controversial currency manipulation bill that would allow the government to put in place countervailing duties if the Commerce Department determines that a foreign government is subsidising exports by undervaluing its currency. While the bill doesn't actually point fingers at the People's Republic, China was at the top of the minds of the senators who were drafting it. The bill's fate now hangs in the balance in the House of Representatives. more ›

Transcript of remarks as prepared for delivery by U.S. Treasury Secretary Timothy Geithner made at the G20 conference in Nanjing earlier today, via WSJ / China Real Time:

I welcome this seminar on reform of the international monetary system. This is a good time to assess the strengths and limitations of the current system, because the world economy is going through very substantial changes. more ›

Yes, it's been a very serious day, which means we need to wash it down tonight with something a little more silly - like this ad about making money multiply. Hopefully you're already at home because this vid could be considered a little NOT SAFE FOR WORK. Those crazy German ad companies - what will they think of next? Also, watch for a Chairman Mao cameo near the end. All we can say is... Don't do it! He'll either confiscate or tear up any money babies you make after the first one! more ›