China has unveiled a sophisticated new stealth fighter jet at an air show, in a show of muscle during a visit by US president Barack Obama for an Asia-Pacific summit. [ABC news | November 11, 2014] President Xi Jinping has been pushing to strengthen China’s 2.3 million-strong armed forces, and Chinese defence companies and…
Dr. Ralph Gomory gave an excellent presentation today at the CPA webinar, “Global Trade and Conflicting National Interests.” His materials are below. Stumo Editorial Summary: Trade commentators and most economists believe that more trade with any country is always win-win for both countries. But the reality of both the Ricardo model and the real world…
MUMBAI, India — India and the United States reached an agreement on Thursday over food stockpiles, removing a major obstacle to a global trade deal that has been stalled for months. [by Neha Thirani Bagri | November 13, 2014 | NY Times] The pact, which precedes a meeting this weekend of the Group of 20…
Element Electronics boasts of being the only American-owned and American-assembled television company. Flashy red-white-and-blue packaging helps it do business with Walmart as part of the retailer’s quarter-trillion-dollar “Made in USA” initiative. But according to a Federal Trade Commission (FTC) complaint filed Tuesday, the company isn’t making anything in America after all. [by Alan Pyke |…
