This week, U.S. Trade Representative Michael Froman announced a “breakthrough” agreement between the United States and China to expand the World Trade Organization’s (WTO) Information Technology Agreement (ITA), which eliminates tariffs among 54 countries in high-tech products. Froman enthusiastically noted that the ITA was last amended in 1996, when “most of the GPS technology… [and]…
A trio of House Democrats said Wednesday that neither fast-track nor an Asia-Pacific trade deal have any chance of passing in the lame-duck session or in the next Congress. [by Vicki Needham | November 12, 2014 | The Hill] The lawmakers — Reps. Rosa DeLauro (Conn.), Louise Slaughter (N.Y.) and Alan Grayson (Fla.) — agreed…
The mercantilism enabling trade cheerleaders use bad math to befuddle those who don’t think through the information. The only math that truly matters is “what impact on net trade?” The most recent example is the Information Technology Agreement (ITA) supposedly agreed to between the US and China. A Politico story says… The White House said…
On the second day of the Lean Accounting summit put on by Lean Fronteirs, Cheryl Jekiel, author of Lean HR, gave the keynote presentation on “The Future of the Horizontal Lean Enterprise, Rev Up Your Engines.” [Reposted from: savingusmanufacturing.com | Michele Nash-Hoff | November 12, 2014] On the second day of the Lean Accounting summit…
TOKYO — Japan’s prime minister has affirmed his commitment to reaching a broad trade deal with the United States and 11 other Pacific Rim nations, even as Tokyo stands accused of refusing to budge on the thorny issue of agricultural tariffs. [by Anna Fifield | November 7, 2014 | Washington Post] The Trans-Pacific Partnership free-trade…
The voters last week said jobs and the economy are their number one issues. Yet Obama, McConnell and the globalists are pushing hard to kill American jobs and the economy with more dumb trade and global governance deals. “For the last 16 months there’s been heightened intensity in the negotiations including on the ministerial level,”…
The economy added 214, 000 jobs in October. The pace has picked up over the last year, but it is still far short of the 400,000 per month needed to bring unemployment down to acceptable levels. [by Peter Morici | November 7, 2014] The official jobless rate is 5.8 percent, down from its recession peak…
If the R’s don’t do the right things to focus on job creation and the economy, shame on them. [by Dan DiMicco | November 6, 2014 | dandimicco.com] We need to do 5 things: 1-Stop Trade Mercantilism and return to President Reagans mantra of Rules Based and Enforced “Free and Balanced” Trade; 2- Build on our…
The Department of Labor reported this morning that America’s manufacturing sector added 15,000 jobs in October. The #AAMeter, which tracks President Obama’s promise to create 1 million new manufacturing jobs in his second term, boosts to +218,000 jobs, after positive revisions to September and August’s data. Commented Alliance for American Manufacturing President Scott Paul: “The…
Genuine General Tso’s chicken may soon be on the plate. The Department of Agriculture will allow Chinese poultry processing companies to ship fully cooked, frozen and refrigerated chicken to the United States. [by Stephanie Strom | November 6, 2014 | New York Times ] Food safety advocates have been predicting the announcement since the department…
