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Last week, the Aluminum Corp. of China, otherwise known as Chinalco, received regulatory approval to proceed with its investment of $19.5 billion in the Australian-based mining giant Rio Tinto, giving the Chinese access to a large and secure supply of iron ore, copper, aluminium and other resources in Australia and Latin America. Is this a signal that China is losing interest in Africa? Or that African governments are becoming disenchanted with their Chinese partners?
The U.S. should do more to support the International Monetary Fund and its efforts to stabilize the global economy, CGD president Nancy Birdsall and three other witnesses told the House Financial Services Subcommittee on International Monetary Policy and Trade last week.
This is a joint post with Joel Meister.
Efforts in the U.S. Congress to pass comprehensive immigration reform kicked off last Thursday with a hearing convened by Senator Chuck Schumer, chairman of the Senate Subcommittee on Immigration, Refugees and Border Security. Though conventional wisdom may hold that prospects for reform would only dim in times of economic decline, the hearing, entitled, "Comprehensive Immigration Reform in 2009, Can We Do It and How?”, brought together eight panel witnesses offering diverse perspectives but an underlying consensus that Congress should act on immigration this year. And with Homeland Security Secretary Janet Napolitano’s testimony yesterday before the full Senate Judiciary Committee, the stage is being set for President Obama to address the issue of comprehensive reform later this month.