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March 8, 2006 – Showing a complete disregard for the urgency and importance surrounding the United State’s massive trade deficit with China, China’s foreign minister has said that China’s exports actually help the U.S. The foreign minister’s main argument for his statement: Chinese-made Christmas trees help the U.S. environment. China’s trade surplus with the U.S.
Read morePresident Bush has been touting the jobs created since the end of the recession. But two new reports show those jobs pay significantly less than the more than 2 million mainly manufacturing jobs that were lost during the same period. The federal Bureau of Labor Statistics (BLS) reported Jan. 31 that wages and benefits paid
Read moreMarch 6, 2006 – The People’s Republic of China has announced they will increase their military spending by14.7 percent to $35 billion in 2006, marking their largest increase in military spending in four years China’s rapidly expanding military might is of prime concern for the U.S. (Read “China’s Commercial and Military Integration” from the Summer 2005 IAM
Read moreMarch 3, 2006 – A senior Chinese official has said the Chinese government has “no timetable” for further revaluing their currency, providing further evidence Congressional legislation may be the only means to halt China’s unfair currency manipulation. China has undervalued their currency by as much as 40 percent, resulting in a record trade deficit and
Read moreMarch 2, 2006 – The AFL-CIO is calling on Congress to put a temporary across-the-board import surcharge on most imports. Labor leaders plan to work with Democratic members of Congress to craft a surcharge bill that would stem the loss of good-paying American jobs and reduce the U.S.’s record $725.8 billion deficit. The U.S.’s skyrocketing
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