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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Reposted from The Washington Post ****** By Harold Meyerson | October 1, 2014 |Wash Post (opinion) One of the public policy paradoxes of the past quarter-century is why the center-left governments of advanced economies have supported trade policies that undermine the very environmental and labor protections they fight for at home. Foremost among these…
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Reposted from Reuters on September 25, 2014 ******** WASHINGTON, Sept 25 (Reuters) – The U.S. Department of Commerce on Thursday confirmed duties on imports of specialized steel from China, South Korea and Russia. Imports of grain-oriented electrical steel from China, including from Baoshan Iron & Steel Co Ltd, face the highest duties as the goods…
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R-CALF United Stockgrowers of America “Fighting for the U.S.Cattle Producer”For Immediate Release October 6, 2014 Billings, Mont. – In early September Senator Jon Tester (D-Mont.) reached out to Senator Mike Enzi (R-Wyo.) to draft a bipartisan letter to demonstrate the U.S. Senate’s resolve to defend the nation’s 2002 country of origin labeling (COOL) law.…
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The Chinese government is not used to defeats but it was dealt a stinging one yesterday when the University of Chicago announced it will close its Confucius Institute, a controversial school for teaching Chinese culture and the Chinese language. Explaining the move, the university commented that it was “guided by its core values and faculty…
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Steve Goldstein | October 6, 2014 | MarketWatch WASHINGTON (MarketWatch) — The last time fewer working-age Americans participated in the labor force, the U.S. Senate started broadcasting their proceedings. On the radio. The participation rate in September fell a tenth to 62.7%, marking the lowest level since February 1978. The falling participation rate has been…
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The Wall Street Journal reports on new incentives for even more currency manipulation. Countries that rely upon engineering permanent export surpluses and siphoning money out of the US consumer market are not getting all the growth they want. Weak Export Growth Raises Prospect of Currency Moves (Subscription required)Sluggish Global Trade Growth Is Tempting Officials to…
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The National Defense University runs the Manufacturing Industry Seminar for mid-career officers from all the services. Charles Blum, CPA Government Relations Director, entitled his presentation to them “Manufacturing, Trade and Globalization: Getting the Fundamentals”. The class will visit Kia in Korea as well as Ford in Detroit. Charlie explained that our cumulative trade deficit…
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