These Threats Will Not Collapse America's Economy
- Posted Sunday, August 28, 2011 | | Source: GoldSeek.com
For over half a century, I read the warnings that free trade is a threat to America. The freest she gets, the more we are told that slave labor in Asia is threatening the workers of America.
We hear calls for fair trade. Who should decide what is fair trade? Congress. Ah, yes: the Congress. The source of equity if ever there was one. No special interests there, putting their PAC-filled fingers on the scales of justice.
The dragon's wrong with being used in Japan. Now it's China. India will get his turn soon enough.The Americans are supposed to get out of work because of China.
The fact is, Chinese imports are marginal for the U.S. economy. How marginal? You tell me. (So I'll tell you.) What percentage of Americans' personal consumption expenditures (PCE) is satisfied by imports from China? Take a guess. Here is the correct answer was in 2010.
Chinese goods account for 2.7% of U.S. PCE, about a quarter from 11.5% to abroad. Chinese goods imported consist mainly of furniture and household equipment, other durable goods and clothing and shoes. In the category of clothing and footwear, 35.6% of purchases of U.S. consumers in 2010 was for items with the "Made in China" label.
Obviously, if a pair of sneakers made in China costs $ 70 in the United States, not all of the retail price goes to the Chinese manufacturer. In fact, most of the retail price paid for the transportation of athletic footwear in the United States, the rent for the store where they are sold, the profits for the shareholders of U.S. retailer, and the cost of the marketing of sneakers . These costs include salaries, wages and benefits paid to American workers and managers working in these operations.
You probably guessed that the figure was much higher. Because we see "Made in China" stickers on our clothes, we imagine that Chinese exports are a major factor in replacing jobs in the United States. If you are employed as a textile worker with low wages in South Carolina, you feel pain. But you are probably not a low-wage worker making socks.
How Do You Declare Somone Incompetent - News
It would be one thing if the US was running a massive trade deficit solely because we were incompetent. But the truth is that a big factor is that a number of our "trade partners" are economic predators that are purposely trying to prey on us.
Someone tell Mares there's a difference between getting your head pulled down while throwing a punch and it going low and throwing low blows while your head is being pulled down. Agreed. I cannot believe what I just saw.
A Grand Jury indictment of George Sora$$ and his son would be cause for celebration – fireworks and all. The SEC is one of the most inbred and incompetent (if not corrupt) government bureaucracies and has been for a long time.
When Obama gets the opportunity to replace Geithner he should replace him with someone competent from the private sector. That is one of the principal short comings of Obama's appointees. Inadequate representation from the private sector.
When you don't investigate and report on all the major political players to an equivalent measure, you become a propagandist not a reporter, someone with no professional code or ethics. Great story selection Ben, you are doing some excellent reporting
How to Have Someone Declared Incompetent in Kentucky | World Wide ...
The inevitable ravages of time can eventually take a toll on the mental health of a person as well as physical well-being. In such cases, or in situations where a person has suffered a sudden brain injury or other trauma such, it may be necessary to have him declared mentally incompetent by a court of law. Statements of incompetence to manage your family business on behalf of an incapacitated person. Kentucky has established a specific process to have someone declared incompetent.
File a petition for incompetence in the county court of the county of residence of the individual.There is no single form, but the petition must include your name and address, name and address of the person for whom a declaration of incompetence is requested, the reasons for the petition, a description of Assets of the individual (with banking and financial records attached as proof) and a copy of the doctor's incompetence.
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