Could manufacturing have prompted a rare display of bipartisanship in Washington?
Turns out the answer is yes. A group of seven senators, led by Sen. Chris Coons, D-Del., has sent a letter to the Government Accounting Office asking it to analyze federal manufacturing policies and provide recommendations for improvement....More
Pricing authorities in the eastern province of Jiangsu have collected evidence that Mercedes-Benz controlled prices of its spare parts and maintenance services, the official Xinhua news agency reported Saturday....More
Beijing considers using a dominant market position to set prices as a form of monopoly. Violators' "illegal gains" can be confiscated, and they can be fined up to 10% of their sales revenues from the previous year....More
Since NAFTA went into effect in 1994, the U. S. has generated the highest trade deficit in the world and the largest in the world’s recorded history. If you add the annual trade deficit in goods as shown on the Census Bureau website, the total is a staggering figure of $10.347 trillion....More
With government statisticians planning to change how they count “factoryless goods producers,” and companies reincorporating overseas to escape high tax rates, it’s an, uhm, interesting time to compile a list of the largest U.S. manufacturers....More
Don’t look now, but government is shrinking, at least the discretionary income part. You’d never know it from the growth in federal outlays in recent years -- from $3.45 trillion in 2013 to a new nominal record of $3.65 trillion in 2014 and a projected $3.9 trillion in 2015. And yet while the pie is growing, over the coming decade most federal agencies will be forced to compete for bites of a diminishing slice of it.
It’s Getting Crowded in Here...More
The bank provides this support at no cost to the U.S. Treasury, and in fact the Bank earned $2 billion more than the cost of its operations over the past five years, money it has returned to the Treasury to help reduce the federal deficit....More
The European Union moved to close a loophole that has allowed multinational companies to reduce their tax bills by exploiting differences in national tax rules, ending months of negotiations and potentially boosting EU states' tax revenues....More
California summit brings together thought leaders from government, trade organizations, military, academia and private sector companies to explore how California can continue to be a world leader in unmanned aircraft systems....More
Despite a "tailwind" from high-income countries such as the United States, developing countries are headed for another year of sub-5% growth, contributing to a reduced forecast for global economic growth, the World Bank reported today....More
Commerce Secretary Penny Pritzker names the first 12 communities that will receive aid to attract global companies under the Obama administration's Investing in Manufacturing Communities Partnership initiative....More