At U.S. Ports, Exports Are Coming Up Empty

One of the fastest-growing U.S. exports right now is air. Shipments of empty containers out of the U.S. are surging this year, highlighting the impact the economic slowdown in China is having on U.S. exporters. The U.S. imports more from China than it sends back, but certain American industries—including those that supply scrap metal and…

Polizette: GOP Shipwreck in the Pacific

With TPP, Republicans can please Wall Street and multinationals — but lose the White House [Reposted from Polizette  |  Kevin Kearns  |  October 15, 2015] No Republican presidential candidate has made it to the White House without winning Ohio, and 2016 will be no exception, especially as the number of states truly in play narrows…

Failure to Stem Dollar Appreciation Has Put Manufacturing Recovery in Reverse

This week, President Obama announced the completion of negotiations on the proposed Trans-Pacific Partnership (TPP). The TPP, which is likely to drive down middle-class wages and increase offshoring and job loss, has been widely criticized by leading members of Congress from both parties. Hillary Clinton, Bernie Saunders, and other presidential candidates have announced their opposition…

Business Groups Withholding TPP Support on Lack of Details

  Major U.S. business groups, citing internal frictions and uncertainty over the details of President Barack Obama’s 12-nation Pacific trade deal, are withholding their support for now, hobbling the administration’s early efforts to win congressional backing. [by William Mauldin | October 8, 2015 | Wall Street Journal] With big pharmaceutical companies and several other major…