Element Electronics boasts of being the only American-owned and American-assembled television company. Flashy red-white-and-blue packaging helps it do business with Walmart as part of the retailer’s quarter-trillion-dollar “Made in USA” initiative. But according to a Federal Trade Commission (FTC) complaint filed Tuesday, the company isn’t making anything in America after all. [by Alan Pyke |…
Dr. Ralph Gomory gave an excellent presentation today at the CPA webinar, “Global Trade and Conflicting National Interests.” His materials are below. Stumo Editorial Summary: Trade commentators and most economists believe that more trade with any country is always win-win for both countries. But the reality of both the Ricardo model and the real world…
A trio of House Democrats said Wednesday that neither fast-track nor an Asia-Pacific trade deal have any chance of passing in the lame-duck session or in the next Congress. [by Vicki Needham | November 12, 2014 | The Hill] The lawmakers — Reps. Rosa DeLauro (Conn.), Louise Slaughter (N.Y.) and Alan Grayson (Fla.) — agreed…
The mid-term elections made clear American voters want Washington to better address high unemployment and stagnant wages. Yet, on issues ranging from energy to immigration to trade, President Obama continues to put politics ahead of strengthening American families. [by Peter Morici | November 13, 2014] Senator Mary Landrieu (D., LA) is locked in a tight…
This week, U.S. Trade Representative Michael Froman announced a “breakthrough” agreement between the United States and China to expand the World Trade Organization’s (WTO) Information Technology Agreement (ITA), which eliminates tariffs among 54 countries in high-tech products. Froman enthusiastically noted that the ITA was last amended in 1996, when “most of the GPS technology… [and]…
The mercantilism enabling trade cheerleaders use bad math to befuddle those who don’t think through the information. The only math that truly matters is “what impact on net trade?” The most recent example is the Information Technology Agreement (ITA) supposedly agreed to between the US and China. A Politico story says… The White House said…
On the second day of the Lean Accounting summit put on by Lean Fronteirs, Cheryl Jekiel, author of Lean HR, gave the keynote presentation on “The Future of the Horizontal Lean Enterprise, Rev Up Your Engines.” [Reposted from: savingusmanufacturing.com | Michele Nash-Hoff | November 12, 2014] On the second day of the Lean Accounting summit…
TOKYO — Japan’s prime minister has affirmed his commitment to reaching a broad trade deal with the United States and 11 other Pacific Rim nations, even as Tokyo stands accused of refusing to budge on the thorny issue of agricultural tariffs. [by Anna Fifield | November 7, 2014 | Washington Post] The Trans-Pacific Partnership free-trade…
The voters last week said jobs and the economy are their number one issues. Yet Obama, McConnell and the globalists are pushing hard to kill American jobs and the economy with more dumb trade and global governance deals. “For the last 16 months there’s been heightened intensity in the negotiations including on the ministerial level,”…
The Department of Labor reported this morning that America’s manufacturing sector added 15,000 jobs in October. The #AAMeter, which tracks President Obama’s promise to create 1 million new manufacturing jobs in his second term, boosts to +218,000 jobs, after positive revisions to September and August’s data. Commented Alliance for American Manufacturing President Scott Paul: “The…
