Editors note: Why does Wall St keep pushing to support CCP companies? White House has to intervene again. Economic and security officials warned a federal fund against putting retirement savings in China at “a time of mounting uncertainty” for the relationship. [Ana Swanson | July 7, 2020 | NY Times] WASHINGTON — White House officials…
In response to the ongoing impact of the COVID-19 pandemic, the Defense Department (DOD) and the U.S. International Development Finance Corporation (DFC) have launched a program to provide federal loans for domestic U.S. industry. The initiative will make available $100 million from COVID-19 relief funds to help reshore critical domestic manufacturing capacity. The funds being…
Editor’s note: The Biden campaign released a plan to rebuild domestic manufacturing. There is recognition that we need to focus upon critical supply chains. However, there is no recognition thus far of the overall trade deficit, trade cheating and the need for tariffs. We are not going to out-subsidize China when looking to re-shore. Joe…
Editor’s note: This is a good article getting at the fundamental causes of trade imbalances. China’s – and other countries’ – consumption suppression means they will export their overproduction and their unemployment. Trade officials are not doing their job if they don’t understand this. By suppressing consumption, China imposes a production glut on the world,…
Editor’s note: This letter by Robert O’Brien and Larry Kudlow to the US Railroad Retirement Board puts every pension fund, index fund, and mutual fund in America on notice that they are engaged in fiduciary malfeasance when investing in Chinese companies. Read the full two-page letter here.
Editor’s Note: Jeff Ferry is chief economist at the Coalition for a Prosperous America (CPA). Follow him @Menloferry Currently, there are only two non-Chinese wireless network vendors, Nokia and Ericsson. [Jeff Ferry | July 2, 2020 | Industry Week] In the global competition for wireless networks, Chinese tech firm Huawei is now the world’s leader. The…
