CPA member Roger Sustar of Fredon Corporation helped sponsor the second annual Think Manufacturing Student Expo in Willoughby, OH. [Reposted from Crains Cleveland Business | By Amy Popik | October 9, 2014] Students got a glimpse into the world of manufacturing at the second annual Think Manufacturing Student Expo at South High School in Willoughby…
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The economy-gutting results of US trade policy are caused by Congress’ prime directive to the President. Reduce trade barriers. Why is that the wrong goal? Because, while plausible, it’s primary result has been to enable foreign trade cheating, 40 years of deficits, de-industrialization and job losses. CPA has placed a high priority on Balanced Trade…
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According to author Mike Collins, America’s trade deficit is the single biggest obstacle to creating manufacturing jobs, and to keeping manufacturing jobs in this country. [by Jon Minnick | October 9, 2014 | Manufacturing Business Technology] He also agrees with Warren Buffett who says, “The U.S. trade deficit is a bigger threat to the…
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The Very Smart People in Washington want to use the Trans-Pacific Partnership to solidify our political influence in Asia. How did that work out with China and Russia? Not well at all. Back in 2000, we were promised that granting Permanent Normalized Trade Relations to China, and smoothing the country’s entry into the WTO, would…
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The part of trade agreements that basically globalizes the court system is really becoming a hot issue. Even The Economist is taking note. Its called Investor-State Dispute Resolution. Foreign companies can sue US local, state or federal government bodies and force them to appear before international tribunals. Investor-state dispute settlement The arbitration game [October…
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The strong dollar crowd is oddly crowing about how the US dollar is strong and the old days of worrying about currency wars are past. That’s an odd thing to claim when we are in the midst of global currency wars now. This article is one example of journalists assuming the dollar’s rise is a…
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CPA is pleased to announce that Michael Stumo, CEO of CPA, will have the honor of speaking on a panel for the Souther California Chapter of the Metals Service Center Institute’s Manufacturing Summit. Below, please find a full announcement about the event: We all know that the United States has lost a lot of…
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Stumo note: The IMF continues to warn about persistent trade imbalances as a threat to global stability. That’s why CPA’s balanced trade proposal is not only good for the U.S. but also good for the world. You can’t have global stability with continued surpluses among some countries and deficits among others. Note that while the…
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The writer is a professor at and past president of Harvard University. He was treasury secretary from 1999 to 2001 and economic adviser to President Obama from 2009 through 2010. [By Lawrence Summers | October 7, 2014 | Washington Post] It has been joked that the letters IMF stand for “it’s mostly fiscal” rather than…
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Senator Chris Murphy (D-CT) recently released a report on the US Buy America laws and the impact of waivers on manufacturers, with a focus on Connecticut. Executive Summary Connecticut has been one of the centers of manufacturing in the United States for centuries, and we are now one of the premiere aerospace and defense manufacturers…
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