Confronted with a dire situation, a world power last week took strong action to secure its domestic jobs and manufacturing. [Reposted from the Campaign for America’s Future blog | Leo Gerard | August 18th, 2015] That was China. Not the United States. China diminished the value of its currency. This gave its exporting industries a…
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Michele Nash-Hoff, Chair of CPA’s CA Chapter, will be speaking at one of the three events taking place during Lean Leadership Week in Jacksonville, FL, October 5-9. [Reposted from savingusmanufacturing.com | August 19th, 2015] Lean Leadership Week: 3 Events. 1 Week. 1 City. The Summit on Lean Leadership and the Lean Accounting and Lean Management…
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The price at which you can trade American dollars for foreign currencies may seem abstract, but events unfolding right now make it important to your future income, whether you have a job and the direction of the world economy in the next few years. [David Cay Johnston | August 18th, 2015] Around the globe, we…
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A bipartisan delegation of staff for the Senate Finance Committee and its members will head to Japan, Malaysia and Vietnam next week to discuss the ongoing Trans-Pacific Partnership (TPP) negotiations, according to a Senate aide. [Reposted from Inside US Trade | August 18, 2015] The aide said the focus of the trip is TPP and…
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Industries across the world are bracing for a deflationary shock as China devalues, but Beijing adamant there is no secret plan to drive down the yuan [Reposted from The Telegraph | Ambrose Evans-Pritchard | August 13, 2015] Chinese steelmakers are preparing to flood the global market with cut-price exports as they take advantage of this…
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On Tuesday, China announced the largest one-day devaluation of its currency in more than two decades. Make no mistake—although authorities claimed this policy was a shift toward more market-driven movements, the value of the currency is tightly controlled by China’s central bank. By choosing to devalue its currency, Chinese officials are trying to solve their…
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Did you ever think you’d see congressional Republicans repeal a federal law in subservience to a foreign organization? [Reposted from Forbes | John Brinkley | August 7, 2015] After the World Trade Organization ruled that a U.S. country-of-origin food labeling regulation was unfair to countries that export chickens, pigs and cows to the United States,…
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Even if the Georgetown steel mill had survived to this point, China’s surprising decision Tuesday to devalue its currency likely would have been the 46-year-old plant’s death blow. [Reposted from The Post and Courier | David Wren | August 14, 2015] And it could be a death sentence for other sites in the struggling U.S.…
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China had been setting a too-low exchange rate for their currency, thereby exporting unemployment. Then early this week their bank made a move and the currency plunged. The next day another plunge, then another. [Reposted from the Campaign for America’s Future blog | Dave Johnson | August 14, 2015] China declared this was because they…
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Ohio Senator Sherrod Brown has put a “hold” on the nomination of Marisa Lago to be deputy U.S. trade representative. Brown says that his trade advisor is not allowed to see text of the Trans-Pacific Partnership (TPP) unless he is present. [Reposted from the Campaign for America’s Future blog | Dave Johnson | August 17,…
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