US Trade Deficit Hits $54 Billion in September

Widening Trade Deficit Contrasts with Strong Jobs Picture, as China Trade Deficit Sets Another Record   The federal government’s employment report for October showed the US economy continues to perform strongly, with job growth of 250,000 in the month, including 32,000 added manufacturing jobs. Unemployment continues to be low and the labor force participation rate…

How the U.S. Can Rebuild Its Capacity to Innovate

Editor’s note:  The US needs an industrial strategy. Our fear of picking winners is not shared by East Asia or Germany. Many U.S. firms have long had a simple mantra: “Invent here, manufacture there.” But, increasingly, those same companies are now choosing to invent as well as manufacture abroad. From automotive to semiconductors to pharma to clean energy, America’s innovation centers have…

US Manufacturing Resurgence is Broad-Based

By Jeff Ferry, CPA Research Director Manufacturing employment in the US has now shown year-on-year growth of more than 250,000 employees for six consecutive months, the largest and most sustained manufacturing job growth we’ve seen since 1998. Manufacturing employment may finally be on the path to a real recovery from the severe downturn that began…

Observations from Washington

Editors note: this article details why the US trade Representative‘s office is the most effective agency in the administration. As announced earlier, I spent the last two weeks or so traveling about. Most of that was in Washington and its environs. While in DC I had the opportunity to brunch, coffee break, and do all…

Chinese Intelligence Officers and Their Recruited Hackers and Insiders Conspired to Steal Sensitive Commercial Aviation and Technological Data for Years

Editor’s note:  Even more Chinese commercial espionage. Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, October 30, 2018 Chinese intelligence officers and those working under their direction, which included hackers and co-opted company insiders, conducted or otherwise enabled repeated intrusions into private companies’ computer systems in the United States and abroad for…