Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo U.S. investors recently learned a hard lesson about Luckin Coffee, a strong rival to Starbucks in China. The company admitted that much of its 2019 sales had been fabricated. Luckin’s stock, which is listed on the Nasdaq, had…
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Editor’s Note: An article from Palladium magazine by Marc Fasteau and Ian Fletcher, read by the latter on the following podcasts. America’s resurgent interest in industrial policy will go nowhere without rigorous economic foundations. Anchor Pocket Casts Radio Public Spotify
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Editor’s Note: Today, July 1, the new USMCA comes into force, replacing NAFTA. In this note, USTR Robert Lighthizer explains the expected benefits of USMCA. Landmark trade agreement fulfills core Trump promise to end job-killing NAFTA [The Office of the United States Trade Representative | July 1, 2020 | USTR.gov] Washington, DC – The United…
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By Jeff Ferry, CPA Chief Economist The United Kingdom is close to pulling out of its previous compromise solution for 5G telecom, which involved keeping Huawei at the so-called “edge” of British wireless networks. (They are still in the core of the fiber-optic network and at the edge of the Internet-to-the-home network.) But recent developments…
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Editor’s Note: New report documents China’s willingness to use its dominance in rare-earth minerals as leverage against the US. The US needs to accelerate efforts to revive our sole rare-earth mine, in Mountain Pass, California. The metals are used for a variety of advanced technologies, including weapons and computer screens [Timothy Puko | June 29,…
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Editor’s Note: On Sunday June 28, CPA’s economics team presented “The Job Quality Index – A New Measure of Job Quality in the U.S. Labor Market” at the Western Economic Association International 95th Annual Conference. The Job Quality Index, developed by CPA in partnership with economists from Cornell University and the University of Missouri at Kansas City,…
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Editor’s Note: There are a number of key innovations that will help the US and its allies kick Huawei out of the world’s 5G networks and CPA member Parallel Wireless is at the leading edge of this fight. Can a new mobile-network technology get the United States back in the 5G race? [Jeanne Whalen |…
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Editor’s note: Business consultants are recommending diversifying from China. But they still don’t have the national interest in building our jobs and our economy in their reports. ‘State of Logistics Report’ says ‘painful and chaotic’ 2020 will likely lead to more stockpiling, shifts in manufacturing [Jennifer Smith | June 23, 2020 | WSJ] Businesses reeling…
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Editor’s note: There will be many more prosecutions as the FBI has an astounding 2000 China investigations open. China’s ambassador in Washington and a Chinese diplomat in New York City secretly aided in the recruitment of scientists in the United States, according to the FBI. [Caitlin Yilek& Jerry Dunleavy | June 25, 2020 | Washington…
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Washington. The following statement can be attributed to Michael Stumo, CEO of the Coalition for a Prosperous America. “CPA is very disappointed with Speaker Pelosi’s actions to prevent a vote on WTO withdrawal today. The WTO agreement voted upon by Congress in 1994 provided for a guaranteed vote every five years in the House and the…
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