Americans need to change their mentality if they want U.S. manufacturing to regain its former glory. Sure, it’s great that the industrial sector is making a comeback but the nation as a whole, needs to kick the borrow-and spend habit and adopt more of an earn-and-produce philosophy to help manufacturers ultimately succeed, according to a new U.S. Business and Industry Council report.
It's bad enough that the North American Free Trade Treaty didn't live up to its hype with everyday Americans. The much-heralded agreement also appears to be helping drive up drug violence in Mexico and beyond, according to a prominent Honduran journalist.
Back in the early 1990s, much was made of the evolving North American Free Trade Agreement. Then-President Bill Clinton heralded it as an “opportunity to remake the world” and bring about global peace. We know how that worked out -- one terrorist attack on U.S. soil and two wars in the Middle East later.
Advanced technology and cheaper energy are helping resurrect the nation's Rust Belt back from the dead, returning manufacturing jobs to states walloped by the 2008 recession. Let's hope we can keep it up and get back to pre-downturn levels not establish a "new normal."
Just a day after a visit to the United Kingdom, newly-minted U.S. Secretary of State John Kerry pressed the flesh with German Chancellor Angela Merkel to garner support for a new free-trade treaty in the Atlantic sphere. No surprise that he got overwhelming support.
Japan agrees to take first steps toward entering into the U.S.-led Trans-Pacific Partnership free trade talks. The gingerly-worded agreement, which arose after a meeting with President Barack Obama gives recently elected Japanese Prime Minister Shinzo Abe a degree of political cover from his nation's farmers and automakers.
The Obama administration appears hellbent on ramming a future Pacific Rim free trade agreement with provisions that threaten U.S. sovereignty into law with little, if any, input from the U.S. Congress, the people's representatives.
A potential Trans-Atlantic Free Trade Agreement could mean much higher natural gas prices for American consumers. Increased exports to Europe would likely tighten supply, sending bills up, including those of U.S. manufacturers currently benefiting from glut of cheap gas.
Don't believe what you've read about a prospective free-trade deal between the United States and European Union. Compared to the garden variety agreement, it's a possible improvement. But it's hardly the rose garden our leaders and the media seem to be promising. In fact, it's full of thorns in ways that would surprise you, argues one skeptic.
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