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Keyword: imports

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  • U.S. sets preliminary dumping rates on Chinese stainless steel products

    09/12/2016 3:13:38 PM PDT · by ameribbean expat · 6 replies
    WASHINGTON, Sept. 12 (Xinhua) -- The U.S. Commerce Department on Monday announced its preliminary affirmative determination in the antidumping duty investigation against imports of stainless steel sheets and strips from China, signaling that it may pose punitive duties on the products. The department said that such products from China had been sold in the United States at dumping margins of 63.86 percent and 76.64 percent. As a result of the preliminary affirmative determinations, the Commerce Department will instruct U.S. Customs and Border Protection to require cash deposits based on these preliminary rates. The Commerce Department launched antidumping duty and countervailing...
  • Tariff bill to help manufacturers cut some tax costs

    05/23/2016 12:25:08 PM PDT · by FreedomNotSafety · 14 replies
    Plastic News ^ | May 23, 2016 | Gayle S. Putsch
    "The U.S. Senate approved a bill May 12 that would overhaul the process for businesses requesting tariff suspensions and reductions." "The miscellaneous tariff bill (MTB) establishes a new process for manufacturers to avoid having to pay tariffs on imported raw materials and intermediate products for which there are no suitable U.S.-based suppliers."
  • US slaps China steel imports with fivefold tax increase

    05/18/2016 8:44:29 AM PDT · by Albion Wilde · 37 replies
    BBC News ^ | May 18, 2016 | staff
    The US has raised its import duties on Chinese steelmakers by more than fivefold after accusing them of selling their products below market prices. The taxes of 522% specifically apply to Chinese-made cold-rolled flat steel, which is used in car manufacturing, shipping containers and construction.
  • US trade deficit shrinks as goods imports hit five-year low

    05/04/2016 7:29:22 AM PDT · by reaganaut1 · 11 replies
    Reuters ^ | May 4, 2016
    The U.S. trade deficit fell more than expected in March as imports of goods tumbled to their lowest level since 2010, a potential boost to first-quarter economic growth estimates that also hints at sluggish domestic demand. The Commerce Department said on Tuesday the trade gap fell 13.9 percent to $40.4 billion, the smallest since February 2015, also as exports fell. February's trade deficit was revised slightly down to $46.96 billion from the previously reported $47.1 billion. Economists polled by Reuters had forecast the trade deficit falling to $41.5 billion in March. When adjusted for inflation, the deficit declined to $57.4...
  • Making More with Less (manufacturing up but jobs are down)

    03/20/2016 2:27:51 PM PDT · by FreedomNotSafety · 34 replies
    American Enterprise Institute ^ | October 1, 2015 | Mark J. Perry
    The ability of the US manufacturing sector to produce increasing amounts of output with fewer and fewer workers should be recognized as a sign of economic strength and vitality, not economic weakness. Thanks to advances in technology, the factory floor today is one with modern, advanced, state-of-the-art equipment that requires fewer employees, but with greater skills and training than in the past. The trend in US manufacturing over the last 30 years – more and more output with fewer and fewer workers – is exactly like the transformation that revolutionized US farming over the last 100 years or more. With...
  • Obama bans US imports of slave-produced goods

    02/24/2016 3:54:17 PM PST · by Olog-hai · 17 replies
    Associated Press ^ | Feb 24, 2016 6:21 PM EST | Martha Mendoza
    President Barack Obama signed a bill Wednesday that includes a provision banning U.S. imports of fish caught by slaves in Southeast Asia, gold mined by children in Africa and garments sewn by abused women in Bangladesh, closing a loophole in an 85-year-old tariff law that has failed to keep products of forced and child labor out of America. An expose by The Associated Press last year found Thai companies ship seafood to the U.S. that was caught and processed by trapped and enslaved workers. As a result of the reports, more than 2,000 trapped fishermen have been rescued, more than...
  • White House orders changes to labeling of products imported from Israel

    01/30/2016 7:49:51 PM PST · by Kaslin · 18 replies
    Hot ^ | January 30, 2016 | JAZZ SHAW
    Here’s a story which seemed to get lost in the shuffle this month, what with so many other alerts devouring the news cycle. A memo was sent out from the Obama administration early in January directing a change to how products from Israel are labeled. As Adam Kredo at the Washington Free Beacon explains, this has riled up many folks on both sides of the aisle. A memo issued earlier this month by the Obama administration directs the U.S. "trade community" and government partner agencies to explicitly label Israeli-made goods that have been produced in the West Bank.The Jan. 23...
  • LiLimit Crude Imports: Perhaps Eisenhower Was On To Something

    01/25/2016 9:07:12 PM PST · by Rabin · 29 replies
    rigzone ^ | Monday, January 25, 2016 | Deon Daugherty
    So what would happen if a modern-day president took the Eisenhower model and, ceased crude imports. The price shock to the energy markets could take domestic crude to $140 before it broke the back of our World Crude Oil Cartel.
  • After Years of Decline, U.S. Oil Imports Rise

    10/26/2015 9:48:59 AM PDT · by thackney · 18 replies
    Wall Street Journal ^ | Oct. 26, 2015 | NICOLE FRIEDMAN
    U.S. imports of foreign oil are rising again after a long decline, as the oil bust forces domestic producers to scale back. Less than a year after the Organization of the Petroleum Exporting Countries opted to continue production despite plummeting prices, member countries including Saudi Arabia and Iraq are clawing back market share they ceded to oil companies pumping in Texas and North Dakota. U.S. crude imports declined 20% between 2010 and 2014 amid the domestic energy boom but have recently started to rise again. Total crude-oil imports rose for three straight months between April and July, according to the...
  • Walker calls on Obama to cancel Chinese state visit

    08/24/2015 10:55:24 PM PDT · by Cincinatus' Wife · 44 replies
    The Hill ^ | August 24, 2015 | Katie Bo Williams
    Wisconsin Gov. Scott Walker, a GOP presidential contender, is calling on President Obama to cancel the upcoming state visit by Chinese President Xi Jinping. “Americans are struggling to cope with the fall in today's markets driven in part by China's slowing economy and the fact that they actively manipulate their economy," Walker said in a statement. “Rather than honoring Chinese President Xi Jinping with an official state visit next month, President Obama should focus on holding China accountable over its increasing attempts to undermine U.S. interests." His statement came on a turbulent day for markets after Chinese stocks tumbled, setting...
  • The sooner Greece defaults and dumps the Euro the better

    06/28/2015 6:46:15 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Washington Times ^ | June 26, 2015 | Peter Morici
    <p>Greece and its principal creditors—the European Union, European Central Bank and International Monetary Fund—should acknowledge that Athens will never be able to repay the €131 billion it owes, write down its debt and let the Aegean nation exit the euro gracefully.</p>
  • $1,200-a-Day Union Workers Force Shut-Down of 29 West Coast Ports

    02/08/2015 12:57:56 PM PST · by 2ndDivisionVet · 121 replies
    Breitbart California ^ | by Chriss W. Street
    The Pacific Maritime Association (PMA) announced that loading and unloading operations at all 29 West Coast ports would temporarily be suspended this weekend in response to union slowdowns that brought freight movements at the ports to a near standstill. PMA members stated that they cannot afford the almost $1,200 per day cost to employ International Longshore and Warehouse Union members to do little work. After Breitbart broke the story on Thursday that union members of the ILWU planned to “walk out within the week,” the PMA employer group announced they can no longer continue to pay workers the premium pay...
  • West Coast port employers: Lockout could be just 5 days away

    02/04/2015 4:00:18 PM PST · by Lucky9teen · 81 replies
    Sun Herald ^ | February 4, 2015 | By JUSTIN PRITCHARD
    LOS ANGELES — Employers could lock out West Coast dockworkers in as few as five days if the two sides do not reach a new contract. That warning came Wednesday from the head of a maritime association who is negotiating a new deal with a union representing longshoremen at 29 ports that handle about $1 trillion in trade annually. Pacific Maritime Association CEO James McKenna said he wanted to avoid a coast-wide port shutdown, but employers wouldn't keep paying workers who aren't moving cargo at their normal rate if the ports become much more gridlocked. He said that could come...
  • Alibaba files to sell up to $24.3 billion in stock, biggest US IPO ever

    09/07/2014 10:13:06 PM PDT · by 2ndDivisionVet · 25 replies
    CNBC ^ | September 5, 2014 | Staff
    (VIDEO-AT-LINK)Chinese e-commerce giant Alibaba on Friday filed to sell up to $24.3 billion in stock, making it the biggest U.S. initial public offering ever. Alibaba is selling 123 million of the 320 million American Depositary Shares slated for the IPO at between $60 and $66 per share, according to a filing. Shareholders including Yahoo, Ma and executive vice chairman Joe Tsai are offering the remainder. Yahoo cut its stake in the company to 16.3 percent from 22.4 percent and SoftBank cut its stake to 32.4 percent from 34.1 percent earlier, Dow Jones reported....
  • US net oil import dependence tested new lows in June

    09/03/2014 5:22:26 AM PDT · by thackney · 7 replies
    Platts ^ | September 2, 2014 | John Kingston
    We hadn’t written about the monthly EIA statistics on US oil supply and demand for a while because they’d gotten kind of dull. The big movements recorded month after month, particularly in product export growth and net import dependence, had fallen into a bit of a predictable range. That changed in June. The EIA released numbers from that month today. US petroleum import dependence in June dropped to 4.659 million b/d. That’s only the second time in the post-shale era that number had been less than 5 million b/d. And the last time the US recorded a number that low...
  • Recent improvements in petroleum trade balance mitigate U.S. trade deficit

    07/21/2014 5:28:31 AM PDT · by thackney · 3 replies
    Energy Information Administration ^ | JULY 21, 2014 | Energy Information Administration
    Since the mid-1970s, the United States has run a deficit in merchandise trade, meaning that payments for imports exceeded receipts for exports. This large and growing deficit on the merchandise trade balance reached a maximum of $883 billion in the second quarter of 2008. As a result of the recession, dramatic declines of imports in excess of exports during the fourth quarter of 2008 and the first quarter of 2009 reduced the merchandise trade deficit by 49%, to $449 billion in the second quarter of 2009. This trend of declining imports resulted in the lowest quarterly deficit level since early...
  • US too dependent on Russian rocket engines, experts tell lawmakers

    07/17/2014 2:18:25 PM PDT · by SeekAndFind · 21 replies
    Fox News Latino ^ | 07/17/2014 | Elizabeth Howell
    <p>Should the Russian government yank its supply of rocket engines for United States launches, critical national-security satellite missions could be delayed up to four years, experts told a joint Senate hearing Wednesday.</p> <p>United Launch Alliance's (ULA) Atlas 5 rocket is the workhorse of heavy satellite launches in the United States, but the booster requires a Russian RD-180 engine to get off the ground.</p>
  • 4th of July fireworks brought to you by China

    07/05/2014 6:27:21 AM PDT · by SeekAndFind · 27 replies
    Politico ^ | 07/05/2014 | By ERIC BRADNER
    On Independence Day, celebrations across the United States depend on China. The sparklers, bottle rockets and Roman candles you're using this Fourth of July almost certainly came from there. So did the professional-grade pyrotechnics that was launched above the Washington Monument on Friday night. It’s a quirky exception to “Buy American” sentiments that are otherwise going strong and picking up steam in Washington and corporate America, especially around patriotic events. After all, Congress passed a law this year requiring flags flown by the U.S. military to be made in America. Ralph Lauren, meanwhile, scrambled ahead of this year’s Winter Olympics...
  • A good reminder that energy forecasts are often wildly wrong

    05/30/2014 5:25:34 AM PDT · by thackney · 2 replies
    Vox ^ | May 29, 2014 | Brad Plumer
    The White House has a new report touting the recent boom in US fossil-fuel production. This is an old story — though one the Obama administration seems eager to emphasize before it announces sweeping new regulations on coal power plants on June 2. This chart, however, was quite striking. Ever since 2006, oil imports have been far, far lower than actual forecasts: So what happened? Back in 2006, the United States imported nearly 13 million barrels of oil per day. And official forecasters assumed that imports would keep going up indefinitely — that is, they assumed Americans would keep driving...
  • Net energy imports in 2013 lowest in more than 20 years

    04/02/2014 1:09:41 PM PDT · by thackney · 9 replies
    Energy Information Administration ^ | APRIL 2, 2014 | Energy Information Administration
    Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013. Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace...
  • Houston braces for invasion of 'Crazy Ants'

    03/27/2014 6:43:30 AM PDT · by listenhillary · 118 replies
    Fox News ^ | March 26, 2014 | Robert Gearty
    This is one horror film plot that may be all too real: Billions of voracious ants are about to descend on the Houston area, destroying entire homes and anything else that gets in their way. Rasberry Crazy Ants, even more destructive and mobile than their angry cousins, fire ants, are just weeks away from descending on the largest city in Texas. Since 2008, the ants, which entomologists believe came to Texas from South America aboard a cargo ship in the 1930s, have expanded their presence to 27 counties from just eight. Once in a home, they zero in on electrical...
  • Palestinian Authority Report: Palestinians Prefer to Buy ‘Blue and White’ (i.e. from Israel)

    02/03/2014 2:16:54 PM PST · by Olog-hai · 9 replies
    INN ^ | 2/3/2014, 8:14 PM | David Lev
    Last month, BDS (Boycott, Divest, Sanction) activists slammed Palestinian Authority chief Mahmoud Abbas for not joining in with them to boycott Israel—and on Monday, the PA revealed just how uninvolved it was in the BDS movement. According to a PA report, 70% of the PA’s imports were from Israel, with imports worth $3.5 billion entering the Authority from Israel. It should be noted that Israel generally does not restrict imports of consumer goods to the PA, and that Israeli goods compete on Palestinian store shelves with goods from Arab countries and Europe as well as from the PA. It is...
  • EIA: Major economies, except the US, to import more oil, gas

    01/28/2014 8:48:16 AM PST · by thackney
    Oil & Gas Journal ^ | 01/22/2014 | OGJ editors
    US net imports of liquid fuels as a share of consumption will diminish to about 25% by 2016 from 40% in 2012 and 60% in 2005, according to the US Energy Information Administration’s 2014 Annual Energy Outlook (AEO). The US will become a net exporter of natural gas by 2018, EIA’s data show. In contrast, other major economies’ reliance on imported liquid fuels and natural gas is expected to rise in the coming years. “China, India, and OECD Europe will each import at least 65% of their oil and 35% of their natural gas by 2020—becoming more like Japan, which...
  • With oil imports falling, U.S. trade deficit sinks to 4-year low

    01/07/2014 9:53:50 AM PST · by SeekAndFind · 17 replies
    Los Angeles Times ^ | 01/07/2014 | Don Lee
    WASHINGTON — U.S. exports rose to a record high in November, helping to shrink the nation's trade deficit to the lowest in four years. The surprisingly positive trade report Tuesday adds to the upbeat outlook for the economy. With net exports stronger than expected, analysts revised higher their economic growth forecast for the fourth quarter, saying it will likely come in at a solid annual rate of about 3%.
  • U.S. Crushes 6 Tons of Ivory to "Send Message" to Poachers

    11/17/2013 5:53:08 AM PST · by Kaslin · 81 replies ^ | November 17, 2013 | Mike Shedlock
    Here's an interesting video of the US taking 6 tons of confiscated ivory to Africa to crush it. The purpose was to "send a message" to poachers. The entire worldwide elephant population is 500,000. They are vanishing at a rate of 50,000 per year, just for their ivory. A couple of people sent me this video, Reader Michael was first. Link if video does not play: U.S. crushes 6 tons of confiscated ivory to send message to poachers Africa's elephants are being slaughtered at a record pace by poachers who hope to get rich by selling their ivory tusks. The...
  • United States and China oil consumption and imports — A tale of two very different countries

    08/16/2013 7:51:17 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | August 15, 2013 | Michael Economides
    For more than a decade China has been making headlines in energy news, always at the superlative degree and always as the emerging superpower comparable to the US, the reigning super power. Despite US involvement in two wars and reducing dependence on foreign oil imports thanks to a domestic renaissance of its oil and gas industry, it is the impact of China that is prominent on the world news stage. There were people who believed the Chinese propaganda which, until 1990, was telling the world that China would continue to be self-sufficient in oil production. That was until 1993, when...
  • How a Food Crisis May Restrain China's Imperial Ambitions

    05/27/2013 3:11:33 PM PDT · by Marcus · 17 replies
    Yahoo Voices ^ | May 27, 2013 | Mark R. Whittington
    China's long term goal, dating back to the rule of Mao Zedong, of becoming self sufficient in food is running into some inconvenient reality, much no doubt caused by that country's command economy. The problem started with China's breakneck drive to become an industrial power. This, coupled with a somewhat lax approach to environmental regulation, created large amounts of farmland contaminated with heavy metals. Since China is also driving to grow much of its own food, much of this farmland is being used, resulting in contaminated crops that are not fit for human consumption. Chinese farmers are also overusing pesticides,...
  • Idea: Tax imports, encourage American production for a change.

    02/18/2013 7:45:43 AM PST · by Cringing Negativism Network · 125 replies
    (vanity) | 2/18/13 | (vanity)
    OK let me offer an idea, contrary to what seems now to be the thought of everyone in both parties. Americans need to make things.
  • Mexico: China’s unlikely challenger

    09/21/2012 11:00:32 AM PDT · by JerseyanExile · 12 replies
    Financial Times ^ | September 19, 2012 | Adam Thomson
    At Siemens’ high-voltage equipment plant about two hours’ drive from Mexico City, workers move about the polished floor, assembling and testing parts of circuit breakers for use in electrical substations. Until a few months ago, the 160 parts for these enormous devices, with protruding poles that give them the appearance of stage props from a set of Frankenstein’s workshop, were assembled in India or China. But today, the assembly is carried out in Mexico. By March next year, most of those 160 parts, which currently come from Germany and Asia, will be produced there too. The company has also chosen...
  • Obama attacks Romney on outsourcing but jobs council includes big importers

    09/06/2012 10:35:31 AM PDT · by Beaten Valve · 6 replies
    Washington Guardian ^ | September 6, 2012 | John Solomon and Phillip Swarts
    While President Barack Obama has attacked Mitt Romney for advising businesses that outsourced jobs, many of the executives on the president's own jobs creation council run or advise companies that import cheaper overseas goods instead of buying American alternatives, U.S. trade records show. Commerce Department import records reviewed by the Washington Guardian show the companies affiliated with the 23 active and 3 ex-officio members of the President's Council on Jobs and Competitiveness imported 12,366 shipments from China alone -- totaling more than 20 billion pounds in weight -- during the 18 months since they began advising the White House in...
  • Jobs Versus Net Jobs (Thomas Sowell)

    07/09/2012 9:45:57 AM PDT · by jazusamo · 23 replies
    Creators Syndicate ^ | July 10, 2012 | Thomas Sowell
    One of the reasons for the popularity of political rhetoric is that everybody can be right, in terms of their own rhetoric, no matter how much the rhetoric of one side contradicts the rhetoric of the other side. President Obama constantly repeats how many millions of jobs have been created during his administration, while his critics constantly repeat how many millions of jobs have been lost during his administration. How can both of them be right — or, at least, how can they both get away with what they are saying? There are jobs and there are net jobs. This...
  • Clinton hopes India will do "even more" to cut Iran oil imports

    05/06/2012 10:58:49 PM PDT · by Olog-hai · 11 replies
    Reuters ^ | Mon May 7, 2012 1:18am EDT | (Reporting by Andrew Quinn; Editing by John Chalmers)
    Secretary of State Hillary Clinton said on Monday she hoped India will do "even more" to cut its purchases of oil from sanctions-hit Iran as there was adequate supply available from other countries such as Saudi Arabia. Speaking in the city of Kolkata on a visit to India, Clinton said there would be a decision in about two months as to whether India would be given a waiver from sanctions over Iran oil purchases. She also said she was apprehensive about the possibility of a conflict between Iran and Israel. …
  • In Praise of Good Garlic; Book Bemoans Cheap Import From China

    03/17/2012 10:33:40 PM PDT · by nickcarraway · 22 replies · 2+ views
    Vancouver Sun ^ | March 15, 2012 | Nathalie Atkinson
    Author explores the global goodness of nature’s beloved cloveThe outrageous success of Twilight in recent years has resulted in authors pitching every kind of vampire-riffing book they can think of, from teen romance to paranormal thrillers. Liz Primeau went another way: She wrote a book about garlic. The bulb went off, so to speak, for Primeau in 2009 — but not because of garlic’s folkloric ability to repel vampires. “China dumped on us, flooding the market with cheap low-quality garlic and undercutting local agriculture,” the author recalls. “When I read that, that was sort of the finishing touch. I’ve been...
  • US allows import of 86,000 M1 rifles from Korea

    01/18/2012 3:26:02 PM PST · by dynachrome · 62 replies
    Korea Times ^ | 1-18-12 | Lee Tae-hoon
    Washington has agreed to allow the importation of M1 Garand rifles from Seoul, reversing its earlier decision to ban the shipping of the weapon used by South Korean and U.S. soldiers during the 1950-53 Korean War, a senior defense official said Wednesday. “The U.S. government approved the imports of some 86,000 of the rifles,” said Lee Sun-chul, deputy defense minister for force and resources management. “The historic firearms are expected to be sold to American Korean War veterans and their families in time for the 62nd anniversary of the Korean War, which falls on June 25 this year.”
  • Inside The Fed In 2006: A Coming Crisis, And Banter

    01/13/2012 12:50:04 PM PST · by edpc · 11 replies
    NYT via Yahoo News ^ | 13 Jan 2012 | BINYAMIN APPELBAUM
    WASHINGTON — As the housing bubble entered its waning hours in 2006, top Federal Reserve officials marveled at the desperate antics of home builders seeking to lure buyers. The officials laughed about the cars that builders were offering as signing bonuses, and about efforts to make empty homes look occupied. They joked about one builder who said that inventory was “rising through the roof.” But the officials, meeting every six weeks to discuss the health of the nation’s economy, gave little credence to the possibility that the faltering housing market would weigh on the broader economy, according to transcripts that...
  • Amazon to open two local distribution centers, creating 1,350 jobs (Chesterfield, VA)

    12/22/2011 7:09:27 AM PST · by Portcall24 · 18 replies
    Richmond Times Dispatch ^ | 22 Dec 11 | John Reid Blackwell
    Online giant Inc. is planning to open two distribution centers in the Richmond area next fall that would employ a total of 1,350 people, state and local officials said Wednesday. The $135 million investment in Chesterfield and Dinwiddie counties is Virginia's largest single economic development deal since 2004 in terms of jobs created. The official announcement by Amazon and Gov. Bob McDonnell is expected this morning.
  • Walter Williams: China Is Not The Source Of Our Jobs Problem

    12/21/2011 6:27:22 PM PST · by SeekAndFind · 132 replies · 1+ views
    IBD ^ | 12/21/2011 | Prof. Walter Williams
    Republicans and Democrats, liberals as well as conservatives, have bought into anti-Chinese trade demagoguery. Former House Speaker Nancy Pelosi suggested that tariffs against China are a "key part of our 'Make It in America' agenda." During his 2010 campaign, Senate Majority Leader Harry Reid, D-Nev., called his Tea Party-backed Republican challenger, Sharron Angle, "a foreign worker's best friend." In a recent news conference, President Obama gave his support to the anti-China campaign, declaring that China "has been very aggressive in gaming the trading system to its advantage," adding that "we can and should take action against countries that are keeping...
  • China Cuts Off World's Rare Earth Metal Supply

    10/21/2011 10:01:09 AM PDT · by JerseyanExile · 29 replies
    Daily Tech ^ | October 21 | Jason Mick
    China only has about 30 percent of the world's rare earth metal deposits, but thanks to clever planning it today controls 97 percent of the world's production of these scarce resources. Deposits of this family of 17 elements -- vital to power electronics found in televisions, smart phones, electric vehicles, and a variety of other devices -- are found in California, Canada, Australia, and Russia, but it will take years to bring them online. In short the world is at China's mercy for now when it comes to rare earth supply. And China's biggest rare earth metal producer -- the...
  • Solyndra Tied to Asian Suppliers (imported more than 2.83 million pounds)

    09/27/2011 4:32:47 AM PDT · by Libloather · 6 replies
    Hispanic Business ^ | 9/23/11 | Lou Kilzer
    Solyndra Tied to Asian SuppliersLou Kilzer Sept. 23, 2011 **SNIP** Chief Financial Officer W.G. Stover in court documents blamed Solyndra's demise on attractive funding subsidies and extended payment terms provided to its foreign competitors by their governments. But Solyndra, which began shipping solar panels in July 2008, has tapped more than 60 foreign manufacturers to provide it with panels and related assembly goods, the Trib found through an analysis of shipping records maintained by ImportGenius, an international company that tracks imports into the United States. During the past 12 months, Solyndra received 154 shipments of goods, primarily from companies in...
  • 40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy

    06/01/2011 12:15:04 AM PDT · by GonzoII · 74 replies
    American Dream ^ | May 31 2011
    40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy It is time to face the truth. The Chinese economy is simply beating the living daylights out of the U.S. economy. Whether you want to call it a rout, a slaughter or a thrashing, the reality is that the Chinese are absolutely embarrassing America on the global economic stage. At this point, the Chinese are playing economic chess while the Americans are playing economic checkers. China is poised to blow past the United States and become the largest economy in the world. Not only that,...
  • U.S. import prices climb 2.2% in April

    05/10/2011 6:19:21 AM PDT · by Free Vulcan · 9 replies
    Marketwatch ^ | 5.10.11 | Steve Goldstein
    WASHINGTON (MarketWatch) — U.S. import prices climbed 2.2% in April, the Labor Department said Tuesday, marking the first time prices have climbed over 2% in consecutive months since June 2008. The April advance follows the 2.7% jump in March and was stronger than the 1.6% gain that economists polled by MarketWatch had anticipated. Prices of imports are up 11.1% compared to April 2010. Imported fuel, accounting for 80% of the April 2011 gain, shot up 6.7% on the month. But excluding fuel, import prices also are up, rising 0.6% on the month and 4.3% over 12 months. Industrial supplies and...
  • Time running out to comment on BATFE 'shotgun importability study'

    04/14/2011 6:16:49 AM PDT · by marktwain · 3 replies
    St. Louis Gun Rights Examiner ^ | 13 April, 2011 | Kurt Hofmann
    Back at the end of January, we talked about a proposal from the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE), to outlaw the importation of many popular shotguns, on the grounds that these shotguns were not "particularly suitable for or readily adaptable to sporting purposes." Application of this "sporting purposes test" is relevant because under provisions of the Gun Control Act of 1968, importation of firearms is generally illegal, except under such excemptions as the firearms in question having "sporting purposes." This started with a "study" the BATFE conducted (pdf file) that found (surpise, surprise) that many shotguns now...
  • Big Sugar's Sweet Deal Leaves a Bitter Economic Aftertaste [Such Sweet Sorrow]

    03/31/2011 9:09:17 AM PDT · by 92nina · 7 replies
    ATR ^ | 2011-03-31 | Kelsey Zahourek
    ...If on any given day you find yourself walking through the hallowed halls of ATR, you will find the staff pining away for the sweet taste of “Mexican Coca-Cola” or any other bottle of Coke not produced in the U.S. and thus not tainted with sticky un-refreshing taste of corn syrup. The reason for the difference lies in the U.S. Government’s efforts to keep sugar prices artificially high by restricting the amount of sugar that can be imported to the U.S. This result is the price of sugar in the U.S. being one-half to two-thirds higher than in other countries...
  • President Obama to call for one-third cut to oil imports

    03/30/2011 5:32:22 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 62 replies ^ | Wednesday, March 30, 6:00 AM | Steven Mufson
    President Obama on Wednesday will call for a one-third cut in oil imports by 2020, part of a plan he says will reduce U.S. dependence on foreign petroleum. With rising gasoline prices at home and political turmoil throughout the Middle East, Obama will seek in a speech at Georgetown University to rally Americans — and bickering lawmakers — behind a program that draws about half of that import cut from energy savings and about half from greater energy production, according to Obama aides who briefed reporters Tuesday.
  • Chinese ship 'arrested' in Portsmouth crane mishap

    02/25/2011 6:53:42 AM PST · by csvset · 8 replies
    The Virginian-Pilot ^ | February 25, 2011 | Robert McCabe
    The U.S. Marshals Service has "arrested" a Chinese ship after a crane aboard the vessel damaged a towering new container crane at APM Terminals in Portsmouth. The arrest came after the Virginia Port Authority and its operating affiliate sued the Chinese company that made and delivered two new cranes. The suit in Norfolk's federal court seeks $14.65 million in damages. The court then issued an arrest warrant for the ship. While still berthed at APM Terminals, it's now in federal custody. "From the time that it's under arrest, it belongs to the United States Marshals Service - until the courts...
  • Threat in Montana forces evacuation of Amtrak train bound for Oregon

    02/16/2011 9:33:29 AM PST · by epithermal · 34 replies
    Oregonian ^ | February 15, 2011 | AP
    HELENA, Mont. -- An unruly passenger who was removed from an Amtrak train later made a threat that led to the train’s evacuation, an Amtrak official said Tuesday. Amtrak spokesman Marc Magliari said Hussein Abdi Hassan, 24, was removed from the train in Browning shortly before 8:30 p.m. Monday. While being interviewed by authorities, the Minnesota man “somehow threatened the safety of the train," he said. Nothing dangerous was found. The train was stopped between Browning and East Glacier. Passengers were taken to a middle school in Browning, where they were set up with sleeping bags and air mattresses.
  • Chinese Exporters Going Down, Western Importers Ambushed

    02/14/2011 7:13:30 PM PST · by blam · 87 replies
    Wall Street Examiner ^ | 2-14-2011 | Russ Winter
    Chinese Exporters Going Down, Western Importers Ambushed February 14, 2011 By Russ Winter “An empty stomach is not a good political adviser.” -Albert Einstein At long last the mainstream media and Chinese advisories are picking up on the China export bust story that I have warned about for months. The New York Times ran this economic story of the decade last week, while infomercial commentators like CNBC and Bloomberg are sleeping through this bust. The twist on the story is that Chinese suppliers are in a triple world of hurt. American buyers resisted attempts to pass on price increases of...
  • NRA: Congress Must Change Firearm Import Law

    01/31/2011 4:02:06 AM PST · by marktwain · 18 replies ^ | 30 January, 2011 | NRA
    On Thursday, Jan. 27, the Bureau of Alcohol, Tobacco, Firearms and Explosives released a Study on the Importability of Certain Shotguns, which proposes that “military shotguns, or shotguns with common military features that are unsuitable for traditional shotgun sports” be prohibited from importation. This would apply to all shotguns—not just semi-automatics. As in previous “working group” studies on rifles, the study fails to give proper credit to the widespread use of these guns in newer shooting sports, or to their adaptability to hunting. The study underscores the need for Congress to change the firearm importation law. That law requires the...
  • Fair Trade or Free Trade

    01/03/2011 9:44:44 AM PST · by FreedomNotSafety · 12 replies ^ | January 1, 2011 | Walter Wlliams
    At first blush, the mercantilists' call for "free trade but fair trade" sounds reasonable. After all, who can be against fairness? Giving the idea just a bit of thought suggests that fairness as a guide for public policy lays the groundwork for tyranny. You say, "Williams, I've never heard anything so farfetched! Explain yourself." ___________ Mercantilists have absolutely no argument when we recognize that trade is mostly between individuals. Mercantilists pretend that trade occurs between nations such as U.S. trading with England or Japan to appeal to our jingoism. First, does the U.S. trade with Japan and England? In other...
  • Chinese Government Predicts Plummeting Exports Ahead

    09/07/2010 5:50:43 AM PDT · by blam · 94 replies
    The Business Insider ^ | 9-7-2010 | Vincent Fernando, CFA
    Chinese Government Predicts Plummeting Exports Ahead Vincent Fernando, CFA Sep. 7, 2010, 4:21 AM If anyone is terrified of trade protectionism right now, it's China. While increased protectionism would likely hurt both China and developed economies such as the U.S. and Europe, China probably has the most to lose since it requires economic growth just to maintain political stability. Thus in the face of mounting pressure abroad, China is promoting itself as a major global import consumer, which it is: China Daily: "China's processing trade (bringing in goods and exporting finished products), which is the bulk of its exports, could...