by Leo Gerard | Apr 1, 2010 | Blog, Making it in America
America and China share a terrible delusion. They are in denial about currency manipulation. Both officially state that China is not devaluing its currency. In mid-March, Chinese Prime Minister Wen Jiabao flatly denied that China deliberately suppresses the value of...
by Steven Capozzola | Mar 31, 2010 | Blog, Making it in America
As the Pittsburgh Post Gazette is reporting, U.S. Treasury Secretary Tim Geithner is scheduled to visit Pittsburgh today, where he will be “greeted by a chorus of calls to bolster ailing U.S. manufacturers by taking action against China’s currency and trade policies.”...
by Dave Johnson | Mar 30, 2010 | Blog, Making it in America
I've been focusing on the Chinese currency manipulation problem because the Obama administration is supposed to make it's twice-a-year declaration on this on April 15. But even if this problem is addressed as it needs to be, keep in mind that it is just one piece of...
by Dave Johnson | Mar 29, 2010 | Blog, Making it in America
The "free trade" craze wiping out Haiti's farmers by flooding the country with cheap American rice. The same this happened in northern Mexico with cheap (heavily subsidized) American corn. On March 10 Bill Clinton apologized to Haiti. See With cheap food imports,...
by Dave Johnson | Mar 24, 2010 | Blog, Making it in America
The pressure from the huge Chinese currency imbalance shows up in surprising places. Even Chinese CEOs are calling for China to increase the value of its currency to market rates. China CEOs Join Obama in Supporting Yuan Appreciation Yang Yuanqing, chief executive...
by Dave Johnson | Mar 23, 2010 | Blog, Economy, Making it in America
Everyone knows that we have lost a lot of jobs to China since 2001. Now you can find out exactly how many, and where. The Alliance for American Manufacturing and Economic Policy Institute released a report today titled, “Unfair China Trade Costs Local Jobs” by EPI's...
