The economy added 214, 000 jobs in October. The pace has picked up over the last year, but it is still far short of the 400,000 per month needed to bring unemployment down to acceptable levels. [by Peter Morici | November 7, 2014] The official jobless rate is 5.8 percent, down from its recession peak…
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If the R’s don’t do the right things to focus on job creation and the economy, shame on them. [by Dan DiMicco | November 6, 2014 | dandimicco.com] We need to do 5 things: 1-Stop Trade Mercantilism and return to President Reagans mantra of Rules Based and Enforced “Free and Balanced” Trade; 2- Build on our…
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The Department of Labor reported this morning that America’s manufacturing sector added 15,000 jobs in October. The #AAMeter, which tracks President Obama’s promise to create 1 million new manufacturing jobs in his second term, boosts to +218,000 jobs, after positive revisions to September and August’s data. Commented Alliance for American Manufacturing President Scott Paul: “The…
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Genuine General Tso’s chicken may soon be on the plate. The Department of Agriculture will allow Chinese poultry processing companies to ship fully cooked, frozen and refrigerated chicken to the United States. [by Stephanie Strom | November 6, 2014 | New York Times ] Food safety advocates have been predicting the announcement since the department…
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Exit polls shows show that the Number 1 issue was the economy. Obama failed and the GOP won the election. Specifically, 45 percent of voters said, in exit polls, that the economy was their number one issue. Almost half say their own family’s financial situation hasn’t improved much over the past two years, and a…
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The U.S. trade gap widened in September as exports fell to a five-month low, a sign of how a stronger dollar and slower growth overseas could weaken demand for American-made goods and weigh on the broader economy. [by Nick Timiraos | November 4, 2014 | Wall Street Journal] The trade deficit rose 7.6% to…
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I’m quite sure voters did not want this to happen. The GOP was elected to fix our economy, not gut it further.
(Map showing countries with a VAT in red. Countries without a VAT in blue) Here is a valuable table showing VAT/consumption tax rates across the world for 2013 courtesy of Stewart and Stewart, a DC law firm specializing in international trade issues. While other countries have lowered tariffs, they have raised their VATs. Thus,…
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The American Iron and Steel Institute announced the trade arm of the federal government that existing foreign trade barriers distort international trade and are extremely harmful to US companies especially those in the steel industry. [Reposted from Steel Guru | November 6, 2014] The 45 pages of comments, signed by Mr Kevin Dempsey, senior…
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Dennis Blair used to lead US military and intelligence agencies. Now he advocates for Japan on trade. The public relations departments of many global institutions have been in high gear recently, helpfully pointing out that the coming GOP majority and President Obama can agree on [job-killing, democracy-outsourcing] trade deals. The recent installment is Dennis Blair…
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