Europe faces yet another recession, and the prospect is shaking global financial markets. To eliminate the persistent threat of collapse, Europe must drop the euro, and Germany must abandon mercantilism. [by Peter Morici | October 20, 2014] When the euro was adopted in 1999, domestic prices, the face values for bonds and loans, and bank…
The bottom line is that it’s time for a more sophisticated and less black and white approach to trade, globalization and manufacturing. Only time will tell if Washington can get there. [by Robert Atkinson | October 10, 2014 | IndustryWeek] In the 2000s U.S. manufacturing output declined by about 11% (when measured properly) while jobs…
R-CALF United Stockgrowers of America “Fighting for the U.S. Cattle Producer” For Immediate Release: Contact: R-CALF USA CEO Bill BullardOctober 20, 2014 Phone: 406-252-2516; [email protected] International COOL Ruling Runs Afoul of U.S. Court Decisions Billings, Mont. – The much anticipated ruling by the World Trade Organization (WTO) regarding whether country of origin labeling (COOL) passes muster…
The country’s leading newspaper announced the latest in a string of measures that have pressured foreign companies. [by Scott Cendrowski | October 14, 2014 | Fortune] After a year and a half of investigations into foreign companies using the country’s young anti-monopoly law, Chinese regulators have announced a new method of targeting multinationals. An article…
The U.S. Treasury announced today, for the 12th time, that the Obama Administration has determined that neither China, nor any other “major trading partner of the United States met the standard of manipulating the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or…
The Obama administration said Wednesday that China’s currency remains “significantly undervalued,” but it stopped short of citing China or any other country for unfairly manipulating its currency to gain trade advantages. [by Martin Crutsinger | October 15, 2014 | AP Economics Writer In a new report by the Treasury Department, the administration did warn China…
There are four harsh realities regarding China’s rise with which America must soon come to terms. [by Robert Haddick | October 17, 2014 | the National Interest] Regular readers of the National Interest enjoy a rich flow of essays debating the consequences of China’s return as a great power and how U.S. policy makers should…
Google is in a row with France about how much corporate taxes it pays. Like the Obama Administration’s outrage about businesses moving headquarters abroad, this dispute demonstrates corporate taxes, along with personal income taxes, are obsolete. [by Peter Morici | October 9, 2014] Google markets ads in France, where the corporate tax rate is 33.3…
A friend and like minded American Champion uses the true story below as a call to action for all America to Wake-Up and keep history from repeating. Frank, thank you and AMEN! [by Dan DiMicco | October 6, 2014 | dandimicco.com] “In 1887 Alexander Tyler, a Scottish history professor at theUniversity of Edinburgh, had this…
To highlight the importance of manufacturing to the economy of the San Diego region, the Mayor and City Council declared the week of September 30 – October 5, 2014 to be Manufacturing Week instead of only Manufacturing Day on October 3rd. [By Michele Nash-Hoff | October 15, 2014 | Can American Manufacturing Be Saved?] One…
