Editors note: These are companies benefiting from forced labor in China. Acer, Apple, Amazon, ASUS, Dell, General Electric, Google… The Chinese government has secretly transferred thousands of Uyghurs and other ethnic minority citizens from Xinjiang to factories across the country, according to a new report that implicates brands including Apple, BMW, Google, Nike and Samsung. [Isabelle…
Editor’s note: Europe is finally realizing that Chairman Xi is not their friend. The US still must get the trade imbalance with the EU fixed so we stop transferring jobs and industries there. Countries that once saw Xi Jinping as a possible ally on global issues now find themselves resisting Beijing’s authoritarian sway [Yaroslav Trofimov…
In 2019, the US trade deficit, our total imports and our goods imports all declined. These are all positive developments for the US economy and especially so because key indicators of the overall US economy, including GDP and personal consumption expenditure, grew at healthy rates last year. The combination of US spending growth and imports…
Editors note: Everyone is getting interested in national industrial strategy against China now. The United States is not playing to win against China. [Eric Schmidt | February 27, 2020 | NY Times] America’s companies and universities innovate like no other places on earth. We are garage start-ups, risk-taking entrepreneurs and intrepid scholars exploring new advances…
Editors note: India is trying to be China with its tech transfer requirements and Made in India programs. Yet Modi mouths claims of defending “free trade” just as Chairman Xi did. Indian Prime Minister Modi seeks to emulate Chinese success with increased protection for domestic firms [Greg Ip | February 19, 2020 | WSJ] In…
Editor’s note: A new conservative movement aiming to benefit labor, family and community, rather than merely capital, is announced and welcome. A new organization will address gaps in the Right’s traditional goals and priorities. [Oren Cass | February 18, 2020 | National Review] Today we are announcing the formation of American Compass, an organization dedicated…
Editor’s note: CPA is pushing the use of capital flow management tools to curb excessive foreign capital inflows that drive up the price of the dollar. The Baldwin-Hawley Competitive Dollar for Jobs and Prosperity Act would require the Fed to use a market access charge to slow foreign inflows, realign the dollar exchange rate and…
Editors note: If the US doesn’t make decisions on the shape of our economy, other countries will. China picked winners and dominates future industries. We did nothing and are relegated to food service jobs. Ten House Members oppose this exclusion request, but 14 favor it. [The Editorial Board | February 18, 2020 | WSJ] Fourteen…
Editor’s note. The US should build its own 5G. And it can. ‘Huawei is a Titan right now and we can take them down if we want to double down on our investments’: In-Q-Tel CEO [Tim Hinchliffe | February 18, 2020 | The Sociable] The CEO of the intelligence community venture capital arm In-Q-Tel says…
Editors note: Kaplan misses the fact that we are underemployed according to our job quality index. www.jobqualityindex.com Dallas Fed President Robert Kaplan says that he views the labor market as “likely at or past” full employment, hinting that Kaplan may see a weaker case for lowering interest rates. [Brian Cheung | February 18, 2020 |…
