Day July 26, 2005

Sen. Hillary Rodham Clinton (D-N.Y.) called Monday for a cease-fire among warring factions of the Democratic Party, arguing that a united front is needed to reverse the party’s recent electoral defeats and halt the advance of conservative Republican ideology. The…

China’s first step in revaluing its currency means it and the rest of Asia will need to buy fewer dollars and fewer Treasurys. That’s negative for the dollar and the U.S. housing market.

Two of America’s largest unions, representing 2.5 million workers, broke away from the AFL-CIO Monday in an effort to change the philosophical direction of the labor movement. The Teamsters, the SEIU and five other unions have formed a coalition called…