Health, Security, Economic Benefits from Reshoring By Steven L. Byers, PhD and Jeff Ferry With the spreading coronavirus pandemic, Americans are becoming increasingly aware of our dependence on foreign sources for important pharmaceuticals and other health care products. The US is dependent on China for over one third of all the antibiotics we import, and…
Editor’s Note: Jeff Ferry is chief economist at the Coalition for a Prosperous America (CPA). Two decades of offshoring pharmaceuticals has hurt our national security. [Jeff Ferry | March 17, 2020 | Industry Week] With breathtaking speed, the coronavirus has revealed a previously overlooked vulnerability in the U.S. economy. The United States has become heavily dependent…
Editor’s note: The silver lining in the coronavirus outbreak is that calls for reshoring medical supplies and devices is becoming very strong. Which will help the efforts to reshore other industrial sectors. New Jersey used to manufacture the world’s medicine supply. But today, the majority of ingredients necessary to make your medicine — more than…
Editor’s note: Michael Stumo asks, in this op-ed: Why do we let Chinese companies sell products made with forced labor in our market when we do not allow US companies to do it? This past December, a London family bought a package of Christmas cards to mail to friends. Their 6-year-old daughter opened one of…
Editor’s Note: CPA member Steve Papa explains Parallel Wireless’s strategy for 5G. His goal is to destroy Huawei by building and deploying the world’s best 5G networks. The global race for 5G leadership is especially important because, apart from all the associated job creation and economic growth from 5G business offshoots, our national defense relies…
Editor’s Note: David Morse is the tax policy director at the Coalition for a Prosperous America Education Fund. Super Tuesday has come and gone and with it an opportunity to debate a perennial tax dilemma for America’s domestic companies. [David Morse | March 11, 2020 | Morning Consult] Super Tuesday has come and gone and with…
U.S. must launch immediate manufacture of critical medicines Washington. The Coalition for a Prosperous America (CPA) is praising the Senate testimony by Rosemary Gibson. A CPA member and author of ‘China Rx,’ Ms. Gibson told a Senate committee that Congress must immediately fund the manufacture of generic drugs currently being rationed during the coronavirus outbreak. Many…
Excerpt: The good news is that the United States doesn’t need to depend on China for its renewable energy supply chains. Instead, America should start matching China’s industrial strategy. And that means tapping our domestic mineral resources. It’s time to mine rare earth metals at home [Michael Stumo | March 8, 2020 | Dallas Morning News]…
JQI Index declines 0.13 percent in February Washington. The monthly U.S. Jobs Quality Index (JQI) issued by the Coalition for a Prosperous America (CPA) and its partners dropped slightly to 79.41, down by 0.13 percent from its revised level one month earlier. This means new production and non-supervisory jobs are continuing to pay less than…
Editor’s Note: New CPA member Parallel Wireless CEO Steve Papa talks about his plan to disrupt Huawei with new 5G wireless systems based on a completely new RAN (radio access network). US lawmakers and tech experts want a strong American competitor [Audrey Conklin | March 8, 2020 | FoxBusiness] As Chinese tech giant Huawei continues to…