Archive | Economy

Morici: 7.3.13: Modest Jobs Creation amid Sluggish Growth

Modest Jobs Creation amid Sluggish Growth Friday, forecasters expect the Labor Department will report the economy added 161,000 jobs in June. This is in line with the pace of recent months but hardly enough to lower unemployment down to acceptable levels. In the first quarter, GDP was up only 1.8…

Posted in Economy1 Comment

Balanced trade = explosive U.S. growth

The last paragraph of Peter Morici’s article below should be the first.  It is the direct rebuttal to the pro-trade deficit crowd in our government, at the U.S. Chamber of Commerce, and the Club for Growth. Cutting the trade deficit in half would raise long-term U.S. economic growth by one…

Posted in EconomyComments Off

Too much of a good thing – financial industry

Many CPA members dislike the excessive growth of the financial industry in relation to production of food and goods.  Bruce Bartlett, formerly of the Reagan administration, now gives some meat to those bones. The issue is “financialization”, the growth of finance as a share of GDP. First, financial services (insurance,…

Posted in Economy1 Comment

Manufacturing sheds 8,000 jobs in May 2013; 21,000 factory jobs lost in past three months.

Reposted from the Alliance for American Manufacturing Blog ***** Manufacturing sheds 8,000 jobs in May 2013; 21,000 factory jobs lost in past three months. AAM blog  |  June 7, 2013 Manufacturing sheds 8,000 jobs in May 2013; 21,000 factory jobs lost in past three months. #AAMeter Plummets; President Obama’s Second Term…

Posted in EconomyComments Off

Obama and Xi at the Summit

Reposted from the blog of Peter Morici ***** Obama and Xi at the Summit June 6, 2013  |  Peter Morici As Presidents Obama and Xi Jinping meet this weekend, China’s aggressive actions and halting cooperation on a growing list of issues undermine the U.S. economy and national security. Diplomacy has…

Posted in China, EconomyComments Off

Obama Administration Doesn’t Get “Global Rebalancing”

In furtherance of my campaign to get government to recognize net trade and prioritized balanced trade or net exports… The 2013 Economic Report of the President is the recent such report which is written by the Chair of Council of Economic Advisers.  It presents the Administration’s domestic and international economic…

Posted in China, Currency, Economy, TradeComments Off

Fed Reserve Governor Shocked by Experiencing Jobs in the Wild

The wacko free trader economists stare at their economic models gleaned from some past textbook and assume it is an accurate picture of the world.  They think we can be a society that relies upon services and advanced tech.*  And we can jettison a good part of the domestic supply…

Posted in Economy4 Comments

U.S. Manufacturing Gauge Falls to June 2009 Level

Reposted from The New York Times ***** U.S. Manufacturing Gauge Falls to June 2009 Level June 3, 2013  |  The New York Times WASHINGTON — A measure of United States manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and a pullback in business…

Posted in EconomyComments Off

Review of These Investments Needs to Be Rethought

Reposted from The New York Times ***** Review of These Investments Needs to Be Rethought Thea Lee  |  June 2, 2013  |  The New York Times The current U.S. process for reviewing incoming foreign investment is excessively narrow and needs to be both expanded and rethought. This is underscored by…

Posted in EconomyComments Off

Obama’s Appeasement of China, Japan Wrecking Economic Recovery

Reposted from the blog of Peter Morici ***** Obama’s Appeasement of China, Japan Wrecking Economic Recovery Peter Morici  |  June 3, 2013 Tuesday, the Commerce Department is expected to report the April deficit on international trade in goods and services was $41.2 billion, up from $24.9 billion when the economic…

Posted in EconomyComments Off

Page 22 of 60« First...10...2021222324...304050...Last »

Friends Don’t Let Friends Buy Imports

Sign up to receive periodic updates

Frequency