Global Trade Imbalances are Threat to Stability

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…

Senate Report on Buy American Waivers

Senator Chris Murphy (D-CT) recently released a report on the US Buy America laws and the impact of waivers on manufacturers, with a focus on Connecticut. Executive Summary Connecticut has been one of the centers of manufacturing in the United States for centuries, and we are now one of the premiere aerospace and defense manufacturers…

The trade clause that overrules governments

Reposted from The Washington Post ****** By Harold Meyerson | October 1, 2014 |Wash Post (opinion)   One of the public policy paradoxes of the past quarter-century is why the center-left governments of advanced economies have supported trade policies that undermine the very environmental and labor protections they fight for at home. Foremost among these…

R-CALF USA Commends 32 Senators for Defending COOL

R-CALF United Stockgrowers of America            “Fighting for the U.S.Cattle Producer”For Immediate Release                                     October 6, 2014   Billings, Mont. – In early September Senator Jon Tester (D-Mont.) reached out to Senator Mike Enzi (R-Wyo.) to draft a bipartisan letter to demonstrate the U.S. Senate’s resolve to defend the nation’s 2002 country of origin labeling (COOL) law.…

Labor-force participation hits a new 36-year low

Steve Goldstein | October 6, 2014 | MarketWatch WASHINGTON (MarketWatch) — The last time fewer working-age Americans participated in the labor force, the U.S. Senate started broadcasting their proceedings. On the radio. The participation rate in September fell a tenth to 62.7%, marking the lowest level since February 1978. The falling participation rate has been…

Weak Export Growth Raises Prospect of Currency Moves

The Wall Street Journal reports on new incentives for even more currency manipulation.  Countries that rely upon engineering permanent export surpluses and siphoning money out of the US consumer market are not getting all the growth they want. Weak Export Growth Raises Prospect of Currency Moves   (Subscription required)Sluggish Global Trade Growth Is Tempting Officials to…