Steve Goldstein | October 6, 2014 | MarketWatch WASHINGTON (MarketWatch) — The last time fewer working-age Americans participated in the labor force, the U.S. Senate started broadcasting their proceedings. On the radio. The participation rate in September fell a tenth to 62.7%, marking the lowest level since February 1978. The falling participation rate has been…
The Wall Street Journal reports on new incentives for even more currency manipulation. Countries that rely upon engineering permanent export surpluses and siphoning money out of the US consumer market are not getting all the growth they want. Weak Export Growth Raises Prospect of Currency Moves (Subscription required)Sluggish Global Trade Growth Is Tempting Officials to…
The National Defense University runs the Manufacturing Industry Seminar for mid-career officers from all the services. Charles Blum, CPA Government Relations Director, entitled his presentation to them “Manufacturing, Trade and Globalization: Getting the Fundamentals”. The class will visit Kia in Korea as well as Ford in Detroit. Charlie explained that our cumulative trade deficit…
Dan DiMicco is Chairman Emeritus of Nucor Corp and a CPA board member. This piece is reposted from his personal blog of 10/2/14. It is critical for Leaders to create focus and one way to do that is to set a Goal or Mission for the team to focus on and take…
Peter Morici is an economist and professor at the Smith School of Business, University of Maryland, and a national columnist. Reposted from the blog of Peter Morici ***** Peter Morici | October 1, 2014 Friday, the Labor Department is expected to report the economy added about 215,000 jobs in September, about half of what is…
Reposted from The New York Times Sunday Review (Opinion Our Misplaced Faith in Free Trade By Jeff Madrick | October 3, 2014 | NY Times Trade is one of the few areas on which mainstream economists firmly agree: More is better. But as the Obama administration pursues two huge new trade deals — one with…
Henry Kissinger released a book recently and correctly stated that the U.S. can’t seem to do strategy anymore. He was speaking in geopolitical terms. China understands strategy. And they understand leveraging what they have to get a very big result. In this long piece below, Patrick Mulloy writes about China’s economic rise in terms…
Reposted from King & Spalding’s Trade & Manufacturing Alert ****** By Lauren M. Donoghue | October 2014 | T&M Alert Congress passed a short-term extension of the U.S. Export-Import Bank’s (Ex-Im Bank’s) charter last month, setting up a battle over the Bank’s existence in the 114th Congress. The nine-month renewal plan was placed into…
Reposted from CNN World ********* Ivan Watson, Elizabeth Joseph, Anjali Tsui and Jethro Mullen | September 29, 2014 | CNN World Hong Kong (CNN) — The Hong Kong government said Monday that riot police have pulled back from pro-democracy demonstrations around the city that have caused widespread disruption in one of Asia’s financial hubs.…
A pile of rims that didn’t pass a quality inspection. Grant Hindsley for The Wall Street Journal Chinese Nets and Bolts Ensnare Basketball Hoops in Litigation And there’s the rub. Those few foreign-made items have ensnared Lifetime in lawsuits over its “Made in USA” labels. “It’s kind of crazy,” says the company’s chief executive,…