By Jeff Ferry, CPA Chief Economist You are probably hearing a lot about 5G wireless, which is the next big thing in cellular telephone networks. The coming fifth generation of wireless will multiply the speed of cellular reception from around 100 megabits per second to multiple gigabits per second. This new technology will make many…
Excerpt: A new FBI investigation has revealed, China is even attempting to steal medical and biological property from U.S. labs and hospitals. Americans have become increasingly familiar with China’s aggressive theft of U.S. intellectual property. Whether it’s Huawei stealing trade secrets from T-Mobile or a Chinese aviation company stealing the designs of 13 different aerospace companies,…
By Jeff Ferry, CPA Chief Economist On December 9th, Harvard cancer researcher Zaosong Zheng was boarding a Hainan Airlines flight to Beijing at Boston’s Logan Airport when US Customs officials pulled him aside to question him about his luggage. According to an affidavit filed in US federal court by FBI Special Agent Kara Spice, Zheng…
By Steven L. Byers, PhD and Jeff Ferry The US scored the smallest trade deficit since October 2016 as tariffs slowed the flow of imports into the country. With imports down while US consumption continues to rise, American workers grabbed a larger share of domestic demand. The US trade deficit in goods and services for…
By Jeff Ferry, CPA Chief Economist The New Year dawns on an America where many manufacturing sectors are in a state of aggressive growth. In December, America’s largest steelmaker, Nucor, announced it will add a coil paint line to its Arkansas mill. That line will have the capacity to paint 250,000 tons of steel a…
Editor’s Note: Jeff Ferry is the chief economist for CPA. Media commentators often criticize the Trump administration’s steel tariffs. [Jeff Ferry | December 31, 2019 | Tribune Democrat] But evidence from around the United States shows that the steel tariffs are working. They are delivering jobs and an economic boost to many long-forgotten towns and…
The Story of Turbine Panda By Jeff Ferry, CPA Chief Economist In April 2018, a Chinese intelligence agent named Xu Yanjun got off a plane in Brussels, Belgium and headed for St. Catherine Square, a bustling area of shops and quaint cobblestone streets. Xu had a meeting planned with one of his assets, a US-based…
In October 2019, CPA’s Economics team of Jeff Ferry and Steven Byers won the NABE Mennis Award for best economics paper of the year for “Decoupling from China: an economic analysis of the impact on the US economy of a permanent tariff on Chinese imports.” CPA’s paper used an economic model to forecast that…
By Jeff Ferry, CPA Chief Economist For the past year, tempers and words have been heating up in an international war over corporate taxation. France raised the heat in the battle last year, when it announced it would levy a tax on the corporate profits of a small number of Internet companies to a value…
By Jeff Ferry, CPA Chief Economist On October 25th, America’s largest steelmaker Nucor opened a new steel mill in Hickman, Arkansas. The mill will employ about 100 workers at an average salary of $80,000 a year. A jubilant Arkansas Governor Asa Hutchinson attended the opening and told the crowd: “I am thrilled that Nucor chose…