Just three weeks ago, lawmakers quietly let the little-known Export-Import Bank expire, handing Republican conservatives one of their biggest victories since they took control of Congress. [Reposted from Politico | Seung Min Kim and Lauren French | July 20, 2015] But now an effort to resurrect the bank, led by Democrats and business-backed Republicans, could…
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A quote from Warren E. Buffett’s November, 2003 FORTUNE Magazine article titled America’s Growing Trade Deficit Is Selling the Nation Out From Under Us. Here’s a Way to Fix the Problem–And We Need to Do It Now., follows: [ by Hugh Campbell | July 15, 2015 | OpEdNews ] “We were taught in…
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The CPA “American Trade Hero” award, displayed in the office of Representative Tim Ryan (OH 13) CPA Awards Over 250 Members of Congress ‘Certificate for American Trade Hero’ For Supporting Jobs and Growth by Opposing Fast Track FOR IMMEDIATE RELEASE July 17, 2015 Contact: Sara Haimowitz, Development Director202 688 5145, [email protected] CPA Awards Over…
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(Editorial note: Here is an example of how one Senator has been responding in a good way regarding Fast Track. Interesting to note even though the vote is over.) EDWARD J. MARKEY MASSACHUSETTS 218 RUSSELL SENATE OFFICE BUILDINGWASHINGTON, DC 20510(202) 224-2742 United States Senate July 16, 2015 Dear Ellen: Thank you for contacting…
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Micron Technology would be a less than super deal for China. Beijing sees its reliance on foreign tech as a strategic weakness, and has already struck several small deals to bolster its own semiconductor industry. Yet a reported $23 billion purchase of the American memory-chip maker would be a much tougher proposition. [ by…
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Preventing currency manipulation should be a key goal in any future free trade agreement. As ex-Fed Chairman Paul Volcker has said: “Trade is more affected by ten minutes of movements in exchange rates than by ten years of trade negotiations.” Without free trade in currencies, free trade in goods is simply impossible. [by Rep.…
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In a victory for the United Steelworkers (USW) union, the U.S. International Trade Commission (ITC) on Tuesday (July 14) issued a final determination that domestic tire producers are being materially injured by dumped and subsidized imports from China. The vote was split along party lines 3-3, but the commission’s regulations require that a tie vote…
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There is no lack of ingenuity and innovation in the U. S. today. Each year, thousands of new products are invented, and but most are never produced. Knowing how to use technology to create a product doesn’t mean you know how to manufacture it and get it to market. Obtaining a patent is a key…
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HONG KONG — It is either the first step in the largest takeover of an American company by a Chinese one or a new chapter in the emerging technological cold war between the two countries. [ by Paul Mozur and Quentin Hardy | July 14, 2015 | NY Times ] Tsinghua Unigroup, a state-owned…
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Sen. Robert Menendez (D-NJ) is threatening to unravel a compromise he earlier blessed to amend provisions on human trafficking in the newly enacted fast-track law, but whether doing so would have any impact on congressional consideration of the Trans-Pacific Partnership (TPP) now seems unclear. [Reposted from Inside US Trade | July 13, 2015] The Trade…
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