Author Archives | Ellen

Workers Strike at Shoe Factory Over Benefits Dispute

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Reposted from The New York Times ******** Workers Strike at Shoe Factory Over Benefits Dispute Austin Ramzy | April 17, 2014 | NY Times Tens of thousands of workers at one of the world’s largest shoe manufacturers are continuing a strike in the southern Chinese city of Dongguan in a…

Posted in Trade0 Comments

Finding a battery that will power the future

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Reposted from Marketplace Tech ******** Finding a battery that will power the future Queena Kim | April 16, 2014 | Marketplace Tech “And then you’ve had Panasonic, Samsung BYD and Lishen in China, who have built their factories on the back of government subsidies,” he says. “Those are the players who are now dominating…

Posted in Technology0 Comments

Morici: Tax Reform — Eliminate the Income Tax and IRS Altogether

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Reposted from The Street ******** Morici: Tax Reform — Eliminate the Income Tax and IRS Altogether Peter Morici | February 27, 2014 | The Street NEW YORK (TheStreet) — Americans desperately want a fairer tax system and relief from arbitrary treatment by the IRS. True reform requires simply junking the…

Posted in Economy, Tax0 Comments

Senators Sessions, Shelby urge protection of U.S. steel industry from potential rebar ‘dumping’ from Mexico and Turkey

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Reposted from Al.com ******** Senators Sessions, Shelby urge protection of U.S. steel industry from potential rebar ‘dumping’ from Mexico and Turkey Michael Tomberlin | April 11, 2014 | Al.com BIRMINGHAM, Alabama – Alabama’s two senators are among a bi-partisan group calling on the U.S. Commerce Department to protect U.S. steel industry interests from…

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China Buys Glencore Copper Mine Stake

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Reposted from The New York Times ********* China Buys Glencore Copper Mine Stake Reuters | April 13, 2014 | NY Times Glencore Xstrata, the giant commodities trading and mining company, said on Sunday that it had sold its interest in the Las Bambas copper mine in Peru to a Chinese…

Posted in China0 Comments

Chinese Steel in Bay Bridge is Already Rusting

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Reposted from KTVU.com ****** Report: Bay Bridge rusting in critical areas April 13, 2014 | KTVU.com Some cable sections and rods on the new San Francisco-Oakland Bay Bridge are rusting, and engineering experts say it could lead to structural damage if the corrosion worsens, a newspaper reported Sunday. The Sacramento Bee reported…

Posted in China4 Comments

U.S. warns China over currency depreciation

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Reposted from Reuters ******** U.S. warns China over currency depreciation Jason Lang and Michael Martina | April 8, 2014 | Reuters WASHINGTON, April 8 (Reuters) – The United States warned Beijing on Monday that the recent depreciation of the Chinese currency could raise “serious concerns” if it signaled a policy…

Posted in China, Currency2 Comments

Fruit of the Loom to close Jamestown plant, lay off all 600 workers

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Reposted from the Lexington Herald Leader (kentucky.com) *********** Fruit of the Loom to close Jamestown plant, lay off all 600 workers BY JANET PATTON, CHERYL TRUMAN AND BILL ESTEP | April 3, 2014 | kentucky.com JAMESTOWN — Clothing company Fruit of the Loom announced Thursday that it will permanently close…

Posted in Buy American, Trade3 Comments

A Free Pass for China

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Reposted from The New York Times *************** A Free Pass for China Mark Wu | April 2, 2014 | NY Times Cambridge, Mass. — A World Trade Organization panel ruled last week that China’s export restraints on rare earth elements and other metals violate W.T.O. rules because they are discriminatory….

Posted in China, Trade0 Comments

Trade Deficit Widens as Exports Fall

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Reposted from The New York Times ********* Trade Deficit Widens as Exports Fall Lucia Mutikani | April 3, 2014 | NY Times WASHINGTON — The U.S. trade deficit unexpectedly widened in February as exports fell to their lowest level in five months, further signs economic growth slowed in the first quarter….

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