by Leo Gerard | Jul 13, 2010 | Blog, Making it in America
For 110 years America has reigned as the world’s number one manufacturing nation. Next year, China is expected to wrest that title from the United States. Last year, the U.S. manufactured $1.7 trillion worth of goods; China fell second at $1.6 trillion. Next year,...
by Dave Johnson | Jul 8, 2010 | Blog, Making it in America
In April Treasury Secretary Geithner sidestepped an official declaration that China is manipulating its currency by acknowledging that China "pegs" its currency and that this is harming the world-s economy, but put off a formal declaration of currency manipulation....
by Robert Borosage | Jul 7, 2010 | Blog, Economy, Making it in America
President Obama touted his National Export Initiative this week, boasting that in the first quarter of this year, exports were up 17% from a year ago. Increased exports abroad generate jobs at home. Given the failure of the Senate to pass badly needed jobs bills, the...
by Leo Gerard | Jul 1, 2010 | Blog, Making it in America
In the film, “Monte Python and the Holy Grail,” King Arthur severs both of the Black Knight’s arms during a sword fight, but the Black Knight attempts to battle on. The king admonishes him: “You’ve got no arms left.” The knight refutes that: “Yes I have.” “Look,” at...
by Dave Johnson | Jun 30, 2010 | Blog, Economy, Making it in America
China is cheating again. Yawn... China is subsidizing its paper industry ($33 billion 2002-09) and has tripled their production, and now is the largest producer of paper and paper products. Yawn. This has cost jobs and approximately 400,000 remaining American jobs are...
by Dave Johnson | Jun 21, 2010 | Blog, Making it in America
China's central bank announced over the weekend that it will gradually loosen their currency from its tie to the dollar (but see note below). China said they will allow the currency to appreciate, saying that their economy is recovering. This appreciation will...
