Posts Tagged 'China'

Shutting Down Future US Jobs

Shutting Down Future US Jobs

As usual, President Obama fails to think about long-term solutions to our economy. His role in the shutdown is one example, but a far more dangerous decision was his willingness to cancel his trip to Indonesia for the Asia-Pacific Economic Cooperation Summit (APEC). The outcome of this decision could stop the creation of millions of good-paying American jobs.

According to data from APEC, its members — including the United States and China, Russia, Mexico, Canada and 16 other countries — account ...

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China: It’s Complicated

China: It’s Complicated

China’s relationship with the United States is increasingly complex and competitive, and it’s bound to get even more complex as China pursues an aggressive growth strategy.

As Chinese President Xi Jinping and President Obama met last weekend in California to try and mend their often tenuous relationship, it was clear that China had its own agenda and this meeting was more show than a sincere desire for the two leaders to work together.

While Obama resolved to address cyber security, particularly serious ...

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When It Isn’t Good to be Number One

When It Isn’t Good to be Number One

America loves to be number one. But now we have the dubious distinction of being number one in a category that nobody wants: we have the highest corporate tax rate in the world. The result is that the U.S. tax code continues to drive American employers to outsource jobs overseas.

Since 2001, Japan had levied the highest combined corporate tax rate among the Organization for Economic Cooperation and Development (OECD) countries at 39.5 percent. They recently lowered their rate to 38.01 ...

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Bernanke Is Addicted to Morphine Economics

Bernanke Is Addicted to Morphine Economics

Last week, Richard Fisher, the president of the Dallas Federal Reserve and a member of the central bank’s policy-making committee, compared Wall Street’s addiction to the Fed’s economic policy as “monetary morphine.”

I coined a version of that term more than three years ago because it aptly describes how the Federal government is handling the economy.

Ben Bernanke, current chairman of the Federal Reserve, is the “morphine dealer” as he continues to promote his “accommodative monetary policies,” which keeps interest rates ...

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When Patents Are Stolen, So Are American Jobs

When Patents Are Stolen, So Are American Jobs

Ideas build nations. Great minds fueled the economies of nations as far back as the ancient Egyptians. Yet, after only a bit more than 200 years, America has become the world’s innovation leader.

Small and medium-sized American companies generate the overwhelming percentage of this creativity, filing 13 more patents per employee than large corporations do.

Meanwhile, the core copyright industries alone (not including the broader sector) lead all major industry sectors in U.S. exports and have grown three times faster than the ...

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