The Pennsylvania Turnpike Commission is turning to foreign investment for a project that aims to connect the PA Turnpike and I-95. The Philadelphia Inquirer is reporting that Chinese investors are offering $500,000 toward the project in exchange for permanent residency for them and their families. Here’s more: [by Staff | December 1, 2014 | Philadelphia…
Dalian Wanda Group Co., which controls the second-biggest U.S. cinema chain, is in talks to acquire a stake in film studio Lions Gate (LGF) Entertainment Corp., billionaire chairman Wang Jianlin said. [by Bloomberg News | December 1, 2014] The Beijing-based company is interested in buying control of Lions Gate, the $4.7 billion studio behind “The…
There is a danger of government agencies gutting the USA made standards with “waivers”. The Obama stimulus of 2009 included a requirement that goods purchased with government money are USA made. The US government is the biggest consumer in the world, so its buying choices can drive industry procurement choices. The Federal Highway Administration…
On November 6, the U.S. International Trade Commission (Commission) determined that imports of non-oriented electrical steel (NOES) from China, Germany, Japan, Korea, Sweden, and Taiwan have materially injured the sole U.S. producer of NOES – AK Steel Corporation (AK Steel). As a result, countervailing duties will be imposed on imports of NOES from China and…
The late Senator Robert Byrd (D-WV) was arguably the most avid protector of the constitution, Congress’ power, and American industry. In 2001 he gave this very powerful speech against the constitutional and economic dangers of Fast Track trade authority. H.R.3005 – Bipartisan Trade Promotion Authority Act of 2002 Congressional Record — November 9, 2001—Page S11651-…
For the past decade, U.S. government officials have been pleading with China to shift its economy from investment in manufacturing capacity and exports to domestic consumption. It has asked that China stop manipulating the value of its currency. It has asked that it open its markets to U.S. service providers in health care and finance.…
(WASHINGTON) — China and “one or two” other countries are capable of mounting cyberattacks that would shut down the electric grid and other critical systems in parts of the United States, according to Adm. Michael Rogers, director of the National Security Agency and head of U.S. Cyber Command. [Reposted from Time Magazine | AP/Ken Dilanian …
Latest News on COOL: The US has filed a Notice of Appeal with the World Trade Organization (WTO) on November 28, 2014. This is an appeal of a recent WTO tribunal decision meddling in our domestic laws on food labeling. Few believed that when we joined the WTO that international tribunals would use this treaty…
A California federal district court judge recently provided some clarity on the apparent disparity between California’s “Made in the USA” law and the standard set forth by the Federal Trade Commission. [by Lauren Shoor | October 30, 2014 | Consumer Products Law Blog] The Southern District Court of California’s recent decision in Paz v.…
[by Bill Gertz | November 26, 2014 | Washington Times] William A. Reinsch, former undersecretary of commerce for export administration under President Bill Clinton, offered a surprising mea culpa in the latest annual report by the U.S.- China Economic and Security Review Commission made public earlier this month. Once among the more dovish U.S. officials…