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US trade reciprocity bill draws support, foreign access said vital |
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Written by LNC
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Friday, 30 October 2009 |
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The following article by Scott Robertson comes from the American Metals Market, www.amm.com.
PITTSBURGH -- The Coalition for a Prosperous America (CPA) has come out in support of the Reciprocal Market Access Act of 2009, but steel interests say that while the concept of reciprocity appears reasonable, making trade concessions while failing to gain foreign access is of no value to the United States.
Sheffield, Mass.-based CPA is a national non-profit organization representing the interests of 2.7 million citizens through its farmer, rancher, manufacturing and organized labor association and company members. Its stated goal is to achieve trade policy for the benefit of American citizens, farms, factories and working people.
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A Desperate Call to Action from the U.S. Cattle Industry |
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Written by LNC
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Friday, 30 October 2009 |
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The following is a letter sent to the President and various members of the Administration Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America.
A
Desperate Call to Action from the U.S. Cattle Industry
Dear President Obama, Vice
President Biden, Secretary Vilsack, Majority Leader Reid, Minority Leader McConnell,
Speaker Pelosi, Minority Leader Boehner, Chairwoman Lincoln, Ranking Member
Chambliss, Chairman Peterson, and Ranking Member Lucas:
While absolutely no one was
watching, $6.4 billion has been stolen since Jan. 1, 2007, from the U.S. live
cattle industry in the U.S. fed cattle market alone.
This conservative estimate is based on U.S. Department of Agriculture (USDA)
data that show the average loss from each of the 49 million head of fed cattle sold
by U.S. cattle feeders was over $48 in 2007, over $150 in 2008, and over $65 in
2009.
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Washington Post: The dollar's fall is felt overseas |
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Written by LNC
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Friday, 30 October 2009 |
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The following was written by Anthony Faiola and appeared in the Washington Post here.
LONDON -- The dramatic decline of the U.S. dollar is aiding the American economic recovery but setting off alarm bells overseas, with corporate executives, politicians and pundits calling it among the biggest threats to the rebounds underway in Europe and Japan.
Mounting concern abroad over the shrinking dollar underscores how exchange rates have emerged as a growing source of friction, with many countries jockeying for the weakest currency to boost exports and protect their markets from foreign competition.
The U.S. dollar has taken a steep tumble -- down 18 percent against the euro in the past 12 months, and more than 40 percent against the South African rand and Australian dollar -- as U.S. officials have effectively diluted its value, printing money and adopting near-zero interest rates, to jump-start the economy.
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More real time offshoring reports |
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Written by Stumo
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Friday, 30 October 2009 |
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I posted this email about multinational offshoring policies that are not necessarily grounded in competitive pricing. In response, I received another similar report from another company.
We at [our company] are falling prey to the same type of [offshoring] circumstances. One of our large profile customers that a couple of years ago was talking about having us transfer not only product but also their equipment used to machine their products into our facility as an outsourcing option. The product is seating components for commercial aircraft... .
They are now informing us that all the production is going to India and we will soon have none. This transfer of outsourcing to India for cost savings will impact real jobs right here in Colorado Springs.
Furthermore, we are finding more and more of the medical device products are transferring to China that were once thought to be a safe bet to always be made in USA because of the FDA scrutiny. However, with the growing medical device market in the Asian countries our OEM customers have to respond to the demands from China that if they want to sell to the Asian markets they have to produce some of their product in China. They have found ways to control the materials and processes under tight guidelines to FDA requirements and still produce in China.
They know that the products will probably be copied as well as the processes so they are very selective as to what products they want to have produced in China but the transfer will still have an impact on real jobs here. Obviously the Chinese are a lot smarter than we are because we dont have the same kind of protections for FREE TRADE that they do. Instead of producing and exporting products to new markets for a piece of the pie we just send the whole pie offshore to let them build themselves with our expertise and technical knowhow. Our politicians meanwhile dont get it.
PS. You can forward this to whomever you please. |
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Written by Stumo
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Friday, 30 October 2009 |
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If you want to rely on the green economy for jobs, you'd better have a plan to prevent offshoring. Not like now, where the Chinese are producing our windfarm components.
The neat thing about a plan to "on-shore" green manufacturing is that it will "on-shore" other production too. You simply can't distinguish between them in trade.
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