It took less than a year for America’s factory output to rebound from the 1991 recession. It took 3½ years to bounce back from the 2001 recession. Now, six years clear of the Great Recession, manufacturing output still hasn’t returned to the pre-crisis levels it reached in 2007, according to revised economic data from the Federal…
For Immediate Release August 21, 2015 Contact: Josh Goldstein 202-637-5018 Vietnam’s Currency Devaluation Further Exposes Trade Policy Failures Statement by AFL-CIO President Richard Trumka on the devaluation of Vietnam’s currency: Vietnam’s currency devaluation is a predictable response to China’s action last week and further proof of the United States Trade Representative’s failure to negotiate trade…
Updated: Officials from the United States, Mexico and Canada are holding talks this week in Washington on outstanding issues in the Trans-Pacific Partnership (TPP) negotiations, according to sources familiar with the meeting. [ August 20, 2015| Inside U.S. Trade ] These sources said the talks would begin Thursday (Aug. 20), leaving open the possibility that…
The recent Chinese government devaluation of its currency by approximately 4.4 percent is a cogent reminder of how the Chinese manipulate their economy and the world’s. There is no doubt that what the Chinese are doing is an effort to make their exports less expensive, a fact that has been blatantly confirmed by senior…
HONG KONG — When Prime Minister Li Keqiang convened the Chinese cabinet last month, the troubled economy was the main topic on the agenda. [ by Keith Bradsher | August 17, 2015 | New York Times ] The stock market had stumbled after a yearlong boom. Money was flooding out of the country. Most…
Demonstrators destroy the windshield of a Baltimore Police car as they protest the death of Freddie Gray. (Photo via Jim Watson/Getty Images) After protests in Baltimore over the death of Freddie Gray turned violent on Saturday, Baltimore sports-radio broadcaster Brett Hollander took to Twitter to argue that demonstrations that negatively impact the daily lives of…
Confronted with a dire situation, a world power last week took strong action to secure its domestic jobs and manufacturing. [Reposted from the Campaign for America’s Future blog | Leo Gerard | August 18th, 2015] That was China. Not the United States. China diminished the value of its currency. This gave its exporting industries a…
Michele Nash-Hoff, Chair of CPA’s CA Chapter, will be speaking at one of the three events taking place during Lean Leadership Week in Jacksonville, FL, October 5-9. [Reposted from savingusmanufacturing.com | August 19th, 2015] Lean Leadership Week: 3 Events. 1 Week. 1 City. The Summit on Lean Leadership and the Lean Accounting and Lean Management…
The price at which you can trade American dollars for foreign currencies may seem abstract, but events unfolding right now make it important to your future income, whether you have a job and the direction of the world economy in the next few years. [David Cay Johnston | August 18th, 2015] Around the globe, we…
A bipartisan delegation of staff for the Senate Finance Committee and its members will head to Japan, Malaysia and Vietnam next week to discuss the ongoing Trans-Pacific Partnership (TPP) negotiations, according to a Senate aide. [Reposted from Inside US Trade | August 18, 2015] The aide said the focus of the trip is TPP and…