CPA Interview: Bay Bridge “Dangerous” Due to Chinese Steel

“Inept, Inexperienced” Steelmaker Delivered Structure With Cracks & Defects From 2006 to 2013, California’s state transportation agency Caltrans rebuilt the Bay Bridge, California’s second most famous bridge, which connects San Francisco to the Oakland-Berkeley area across San Francisco Bay.  The rebuilding project attracted enormous controversy, due to delays, numerous flaws and defects found in the…

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Why Fixing Trade Deficits Is Essential

In 1965, when we imported less, manufacturing employed 24% of the U.S. workforce. By 2015, substantial portions of our manufacturing base had moved overseas, and domestic manufacturing had shrunk to just 9% of employment. [Frank Berlage| January 7, 2017 |Barrons] The U.S. has now run a trade deficit for 40 years, and at present levels…

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The Ivory Tower is Crumbling on Trade Theory

by Michael Stumo The American Economics Association is fretting the fact that their economic theories are no longer trusted. University education material is starting to include criticisms of and alternatives to old trade theory that is impervious to acknowledgement of glaring and persistent failures. On the second point, I just had a long interview with…

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China bars US credit cards too

Ushering in the New Year, President-elect Trump named Robert Lighthizer, a veteran trade negotiator and “harsh critic of China’s trade practices,” to be his lead trade negotiator. Trump’s trade rhetoric has been blood and thunder. He has threatened 45 percent retaliatory tariffs against China and other trade partners that are not living up to their…

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