The trade pact between South Korea and the United States has proven to be one of the most one-way global trade deals even signed. [John Carney | September 11, 2017 | Breitbart] Just five years old, the South Korea-U.S. trade deal known as KORUS has led to a huge rise in imports from South Korea…
Washington~ The Coalition for a Prosperous America (CPA) sent a letter to US Trade Representative Robert Lighthizer on Friday, urging him to reject calls to merely “tweak” or “modernize” the North American Free Trade Agreement (NAFTA). Instead, the letter states: “we support administration efforts to overhaul NAFTA or walk away.” “Voters did not choose a…
For Immediate Release Billings, Mont. – Although R-CALF USA and several other member-groups of the Coalition for a Prosperous America (CPA) had already weighed-in with the Trump Administration on the need to reform the North American Free Trade Agreement (NAFTA), on Friday the CPA did so again, but this time with more specificity. The CPA represents 4.1 million households…
Amid seemingly unstoppable urges to use enormous means to confront America’s strategic adversaries everywhere around the globe, the U.S.monetary authorities worry about a deflationary economy, crashing bond yields, ominous economic growth signals from a flattening yield curve and fiscal policy’s inability to control soaring public debt and intractable budget deficits. [Dr. Michael Ivanovitch| September 11, 2017…
WASHINGTON — Stephen K. Bannon has held court in the Capitol Hill townhouse of Breitbart Media since he packed up his West Wing office last month, meeting with conservative lawmakers, advocating hard-line policies on undocumented immigrants and waging gleeful war on those he considers traitors to the Trump cause. [MARK LANDLER| September 8, 2017 | The New…
TIANJIN, China — Volkswagen, the German auto giant, is preparing for a swift expansion in its output of electric cars next year — and the biggest jump in production will be in China. General Motors is making China the hub of its electric car research and development. Renault-Nissan, the French and Japanese carmaker, and Ford Motor have hustled…
RICHMOND, Va.—Pressed for workers, a New Jersey-based software company went hunting for a U.S. city with a surplus of talented employees stuck in dead-end jobs. [Jennifer Levitz| September 5, 2017 | The Wall Street Journal] Brian Brown, chief operating officer at AvePoint, Inc., struck gold in Richmond. Despite the city’s low unemployment rate, the company had…
Deep-pocketed U.S. investors trying to expose fraud they allege among companies in mainland China have found a new way to promote their cause: a feature film. [ Steven Russolillo and Vipal Monga| September 10, 2017 | The Wall Street Journal] A documentary called “The China Hustle” premiered Friday at the Toronto International Film Festival. The 84-minute film features prominent…
For retailers, the robot apocalypse isn’t a science-fiction movie. As digital giants swallow a growing share of shoppers’ spending, thousands of stores have closed and tens of thousands of workers have lost their jobs. [Greg Ip| September 5, 2017 | The Wall Street Journal] Belinda Duperre, who sold jewelry at Sam’s Club in Fall River,…
By John R. Hansen, CPA Advisory Board This note describes how a Market Access Charge (MAC) can fix US dollar overvaluation, what the MAC is, and how it would put US workers and factories back on the job. Many factors have contributed to America’s declining international competitiveness, but most important has been misaligned exchange rates that are…
