The Many Definitions of Reserve Currency and the Ceaseless Resulting Confusion
By Ken Austin[1] When I was in grad school, the dollar’s reserve currency status meant something very specific – foreign central banks bought and sold
CHAIRMAN & CEO, PARKDALE, INC.
Andy is the Chairman and CEO of Parkdale Mills, Inc. Since 1916, Parkdale has strived to be the premier yarn spinner in the world. The company’s vision for the future revolves around a perpetually changing supply chain that demands faster response, superior service, and enhanced speed to market.
The Parkdale family of companies also includes US Cotton, a leading health and beauty aide cotton products company, as well as Parkdale Advanced Materials which makes bio-degradable polymers.
Andy holds a business degree from The Citadel. He also is a graduate of the Harvard Business School’s Management Development Program and the National Cotton Council’s Leadership Program. Andy serves on several boards including the National Council of Textile Organizations, National Cotton Council, and Schweitzer-Mauduit. Andy has been inducted into the Citadel Business School Hall of Fame. He has won numerous awards including the Cotton, Inc. 2002 Achievement Award; Honorary Doctor of Business – The Citadel; and Man of the Year – US Textiles 2002.
Andy is committed to rebuilding US manufacturing and fighting trade cheating. He resides in North Carolina with his wife Pamela where they raised 2 children. He enjoys skiing, mountain climbing, hunting and deep sea fishing.
By Ken Austin[1] When I was in grad school, the dollar’s reserve currency status meant something very specific – foreign central banks bought and sold
Tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. Tariffs weren’t the cause of inflation either. And many manufacturing industries from kitchen cabinets in Alabama to solar in Ohio are thriving because of them.
KEY POINTS U.S. pharmaceutical imports have risen sharply in the last decade, with imports from China and India skyrocketing. India and China are increasingly the
The legislative package will end tax breaks for Chinese stocks, restrict sanctioned Chinese companies’ access to U.S. capital markets, increase transparency on risks to American corporations, and reduce exposure to these risks for retail investors and other Americans saving for retirement.