China’s harsh suppression of political dissent, from Hong Kong to Xinjiang, and its close ties to Russia, Iran and North Korea, have finally laid to rest the dream many Western leaders have had since the 1990s: that “constructive engagement” would eventually, inevitably lead to more openness and democracy. [by Wesley K. Clark | October 10,…
Protests over democracy in Hong Kong may be preoccupying the Chinese leadership, but a subject of still greater international importance is being played out this week behind closed doors in Washington. China is bidding to enter the heart of global finance by establishing its currency, the renminbi, as part of an ubiquitous monetary unit used…
According to author Mike Collins, America’s trade deficit is the single biggest obstacle to creating manufacturing jobs, and to keeping manufacturing jobs in this country. [by Jon Minnick | October 9, 2014 | Manufacturing Business Technology] He also agrees with Warren Buffett who says, “The U.S. trade deficit is a bigger threat to the…
The economy-gutting results of US trade policy are caused by Congress’ prime directive to the President. Reduce trade barriers. Why is that the wrong goal? Because, while plausible, it’s primary result has been to enable foreign trade cheating, 40 years of deficits, de-industrialization and job losses. CPA has placed a high priority on Balanced Trade…
CPA member Roger Sustar of Fredon Corporation helped sponsor the second annual Think Manufacturing Student Expo in Willoughby, OH. [Reposted from Crains Cleveland Business | By Amy Popik | October 9, 2014] Students got a glimpse into the world of manufacturing at the second annual Think Manufacturing Student Expo at South High School in Willoughby…
The Very Smart People in Washington want to use the Trans-Pacific Partnership to solidify our political influence in Asia. How did that work out with China and Russia? Not well at all. Back in 2000, we were promised that granting Permanent Normalized Trade Relations to China, and smoothing the country’s entry into the WTO, would…
The strong dollar crowd is oddly crowing about how the US dollar is strong and the old days of worrying about currency wars are past. That’s an odd thing to claim when we are in the midst of global currency wars now. This article is one example of journalists assuming the dollar’s rise is a…
The part of trade agreements that basically globalizes the court system is really becoming a hot issue. Even The Economist is taking note. Its called Investor-State Dispute Resolution. Foreign companies can sue US local, state or federal government bodies and force them to appear before international tribunals. Investor-state dispute settlement The arbitration game [October…
Stumo note: The IMF continues to warn about persistent trade imbalances as a threat to global stability. That’s why CPA’s balanced trade proposal is not only good for the U.S. but also good for the world. You can’t have global stability with continued surpluses among some countries and deficits among others. Note that while the…
CPA is pleased to announce that Michael Stumo, CEO of CPA, will have the honor of speaking on a panel for the Souther California Chapter of the Metals Service Center Institute’s Manufacturing Summit. Below, please find a full announcement about the event: We all know that the United States has lost a lot of…
