Keyword: imports

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  • 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...
  • China slowdown sends chill through trade partners (voracious demand for imports fading)

    08/17/2010 3:38:37 PM PDT · by SeekAndFind · 3 replies · 1+ views
    Real Clear Markets ^ | 08/17/2010 | Joe Macdonald
    China's abrupt growth slowdown is sending a chill through Asian economies and as far away as Australia and Africa as its voracious demand for imports fades. Beijing is cooling its economy with lending and investment curbs after explosive 11.9 percent first-quarter growth fed fears of overheating. Growth is slowing more sharply than expected, cutting demand for American and European factory machinery, industrial components from Asia and iron ore and other raw materials from Australia and Africa. The timing is awkward for exporters that were buoyed by China's quick rebound from the global crisis and are seeing sales elsewhere weaken. The...
  • The Middle Class in America Is Radically Shrinking. Here Are the Stats to Prove it

    07/25/2010 10:26:23 PM PDT · by sfwarrior · 38 replies · 1+ views
    Yahoo Finance ^ | July 15, 2010 | Michael Snyder
    The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America. The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace. So why are we witnessing such fundamental changes? Well, the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some...
  • Toyota Next Up In Chinese Supplier Strikes

    06/18/2010 10:13:33 AM PDT · by Chi-townChief · 5 replies · 170+ views
    Industrial Maintenance and Plant Operations ^ | June 18, 2010 | Elaine Kurtenbach, AP Business Writer
    SHANGHAI (AP) — Toyota Motor was assessing the impact Friday from strikes that hit two of its China-based parts suppliers, the latest unrest among migrant workers who are the backbone of the country's industrial sector. Workers at a plastic parts factory of Toyota Motor Corp. affiliate Toyoda Gosei Co. in the northeastern city of Tianjin went on strike Thursday, forcing the plant's production line to shut down in the afternoon, said Toyoda Gosei spokesman Tomotaka Ito, at the company's headquarters in Aichi, Japan. That walkout followed a one-day strike by workers at another Toyoda Gosei unit and Toyota supplier, Tianjin...
  • Tata Inaugurates Plant For U.S.-Bound Nano (the $2000 car)

    06/02/2010 1:09:34 PM PDT · by Chi-townChief · 59 replies · 1,183+ views
    Industrial Maintenance and Plant Operations ^ | June 2, 2010 | Erika Kinetz, AP Business Writer
    SANAND, India (AP) — Tata Motors inaugurated a factory Wednesday to produce its super-cheap compact Nano car, nearly two years after violent farmer protests forced the company to relocate. The new factory in India's business-friendly Gujarat state promises to unleash production of the pint-sized car, which Tata plans to export to Europe, and eventually the U.S. Tata Motors chairman Ratan Tata and Gujarat chief minister Narendra Modi together drove the first car — a sunshine yellow Nano — off the assembly line shortly before 1p.m. "We owe you a great debt of gratitude for having made this happen," Tata said...
  • Buy, Buy American Pie

  • We Are Under Attack

    04/20/2010 10:38:00 AM PDT · by Chi-townChief · 4 replies · 464+ views
    Industrial Maintenance and Plant Operations ^ | April 21, 2010 | Mike Rainone, co-founder, PCDworks
    Our only salvation is to out-innovate the rest of the world. In March, I spoke at the World's Best Technology (WBT) conference in Arlington, TX, addressing a large venue of venture capitalists and other parties interested in my company’s new wastewater treatment system, the Water Phoenix. This national conference is part of the Arlington chamber leadership’s grand plan to bring high-tech innovative companies to the region. It is an attempt to create and nurture a culture of dynamic innovation — not unlike that created by Silicon Valley in CA, the Research Triangle in NC or Loop 128 around Boston. Many...
  • US slaps duties on electric blankets from China

    01/27/2010 4:09:05 PM PST · by Cheap_Hessian · 21 replies · 662+ views
    Reuters ^ | January 27, 2010 | Doug Palmer
    WASHINGTON, Jan 27 (Reuters) - The United States has set preliminary anti-dumping duties ranging from 90 to nearly 175 percent on about $30 million worth of electric blankets from China, the U.S. Commerce Department said on Wednesday. The ruling is a victory for Jarden Consumer Solutions, a Florida-based subsidiary of consumer products company Jarden Corp (JAH.N). It filed a petition earlier this year asking for protection against its Chinese competitors. The relatively small case is of one several ongoing U.S. investigations into charges that Chinese companies are selling their goods in the United States at unfairly low prices and benefit...
  • Toxic Metal In Kids' Jewelry From China (Chinese Substitute Lead With More Toxic Cadmium)

    01/10/2010 4:23:52 PM PST · by DogByte6RER · 12 replies · 958+ views ^ | Sunday, January 10, 2010 | JUSTIN PRITCHARD
    AP IMPACT: Toxic metal in kids' jewelry from China By JUSTIN PRITCHARD, Associated Press Writer Sunday, January 10, 2010 at 11:22 a.m. LOS ANGELES — Barred from using lead in children's jewelry because of its toxicity, some Chinese manufacturers have been substituting the more dangerous heavy metal cadmium in sparkling charm bracelets and shiny pendants being sold throughout the United States, an Associated Press investigation shows. The most contaminated piece analyzed in lab testing performed for the AP contained a startling 91 percent cadmium by weight. The cadmium content of other contaminated trinkets, all purchased at national and regional chains...
  • Shelby County collector frustrated as 1952 war plane remains in custody of federal officials

    12/26/2009 9:15:32 AM PST · by Clioman · 59 replies · 3,179+ views
    Birmingham (AL) News ^ | December 26, 2009 | Anita Debro
    More than six months after government officials seized his rare vintage military aircraft, Claude Hendrickson said he is still in the dark about why the airplane was confiscated and when and if it will be returned to him. Until the 1952 airplane -- believed to be one of only a handful of Douglas AD-4N Skyraiders in the U.S. -- is released from federal custody, Hendrickson said the aircraft will slowly deteriorate because he can't maintain it. ---- Virginia Dabbs, spokeswoman for Customs and Border Patrol, said she could not comment on Hendrickson's claims. "We don't harass people," Dabbs said.
  • NASA Heralds Season's Greetings -- NOT Christmas

    12/17/2009 10:32:29 PM PST · by anymouse · 13 replies · 735+ views
    e-mail | 12/18/09
    FYI, The NASA press release below refers to 'holiday' or 'seasons' greetings six times. No mention of Christmas, of course. [comment deleted]! In a bizarre historical turnabout, religious activity on the space station has now become almost entirely dominated by the Russians. They fly icons blessed by priests ( Photos: and Also I haven't seen anything remotely similar from the American side. What have I missed? For the next manned launch this Sunday, also expect Russian Orthodox priests from the newly-built church in Baykonur (news story: to bless the rocket and the crew. File photo:
  • Trade Data Points To L-Shaped Outlook

    12/13/2009 11:52:41 AM PST · by blam · 8 replies · 390+ views
    Seeking Alpha ^ | 12-13-2009 | Wildebeest
    Trade Data Points To L-Shaped Outlook by: Wildebeest December 13, 2009 At first glance the contraction in the trade deficit for October looks positive. I'm generally wary of seasonally adjusted data -- not because seasonal effects don't exist but because I prefer to see the raw data and the algorithm used to do the smoothing. Non seasonally adjusted data for the trade in goods is available here. A seasonal plot of the trade deficit, derived from 22 years of data, is shown in the next chart. From that chart we see that October is typically a larger deficit month. That...
  • Watch The Weak Dollar Already Making Imports More Expensive

    11/17/2009 8:28:58 AM PST · by FromLori · 9 replies · 422+ views
    The Business Insider ^ | 11/17/09 | Vince Veneziani
    Just what you needed: higher prices. The Bureau of Labor Statistics released this chart today, showing the fall and rise of import and export price indices from October 2008 to October 2009. As you can see, prices fell when the recession was in full swing last year, which is great, because when everyone's poorer, falling prices are helpful. Well, were still pretty poor, but here come higher prices roaring back: BLS: The price index for all imports rose 0.7 percent in October, led by a 1.8 percent increase in fuel prices. The rise followed a 0.2-percent increase in September. The...
  • Port of Long Beach TEUs Year To Date [Container shipping]

    10/20/2009 6:31:20 PM PDT · by Vince Ferrer · 4 replies · 482+ views
    Port of Long Beach ^ | October 20, 2009 | Port of Long Beach
    Container Trade in TEUs* 2009 Year-to-Date*TEUs: 20-foot equivalent units or 20-foot-long cargo container **Preliminary estimate   Loaded Inbound Loaded Outbound Empties Total Containers January 200,588 88,510 110,197 399,295 February 149,299 92,781 75,962 318,042 March 186,450 117,674 70,007 374,131 April 199,051 112,976 96,678 408,705 May 208,591 121,064 89,900 419,555 June 206,358 114,107 92,882 413,347 July 221,719 108,420 102,874 433,013 August 249,920 130,623 112,796 493,339 September 224,924 109,337 106,103 440,364 October November December Year-to-Date 1,846,900 995,492 857,399 3,699,791 YTD % Change -23.8% -26.3% -24.2% -24.6%