The U.S. Olympic team's uniforms were made in China? This might be a WTF moment for the country, over the practice of sending our jobs, factories, industries and economy to China for the super-enrichment of a few. What next, a President made in China?
The middle class is disappearing. Our economy is "hollowing out" because the money goes to the top and the people fall to the bottom. This is because we allow American companies to close factories here and open them there, shipping the same goods back here to sell in the same stores, costing jobs, companies, industries and our economy. more »
What did you think the word "trade" meant? You probably thought it meant we buy from them, and they buy from us, and we both get richer. I'll bet you never thought "trade" means we buy from them, and they don't buy from us, and they get richer and we get poorer, did you? more »
The worldwide battle to get away from the coal and oil industries has been underway for some time. Countries are fighting to gain a share of the new green manufacturing industries with millions of jobs and trillions of dollars on the line. Country after country is executing plans to grab a share of this new industry. But not us. more »
Will Mitt Romney create jobs and help our economy, or will he just take us back to the Bush-era, send-jobs-to-China destruction that made him rich? With Romney there is no way to connect what he says with what he means or might do. So we are forced to read tea leaves and look for signs. Should be reading Chinese tea leaves?
Yesterday in Ohio candidate Mitt Romney said he would clamp down on China's currency manipulation. Today he is still not asking the House Republicans to bring the China currency bill up for a vote. Mr. Romney has the opportunity to demonstrate leadership and put his actions where his campaign words are -- or not. more »
We've reported frequently on the abusive labor practices and suicides at Apple's Foxconn factory in China. Essentially, Apple outsources the production of its iPad and iPhone to a massive more »
You buy things till your wallet is empty. So you raid the savings account to buy more stuff. Then you get a loan, and buy more stuff. Another loan, another, you keep buying stuff... Finally you're selling off the tools you had used to make a living. That's where the country is now because of the huge imbalance in our trade relationships. more »
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