The US may be a service economy, but it’s still the world’s largest manufacturer. There are many reasons to remain bullish on US manufacturing and the American worker, suggests Farok Contractor, professor of management and global business at Rutgers Business School. US firms invest in high-tech...
NEWARK, NJ: Some 2.8 million American jobs – 70 percent of them in manufacturing – have been lost since 2001 because of the US trade deficit with China, according to a recent Economic Policy Institute study. Indeed, consumers visiting a Wal-Mart or...
China’s rise has been steady and fast since the country embraced trade and globalization in the 1980s. If the trajectory continues, China will soon surpass the United States in GDP and other areas. Chinese people have taken notice and take increasing pride in their country’s growth and strength,...
BEIJING: Li Xiaopeng once idolized the West. While a student, he broke through China’s internet firewall to read news from abroad, revered the U.S. Constitution and saw the authoritarian Chinese government as destined to fade away.
Now the 34-year-...
Mexico and Canada are trying to save the North American Free Trade Agreement, which has delivered trade, efficiency and jobs to three nations. The Trump administration views the trade agreement as unfair. Edward Luce, writing for the Financial Times, describes three demands that suggest the United...
US President Donald Trump has turned on European allies by withdrawing from the Iran nuclear deal, undermining the foundation of the Joint Comprehensive Plan of Action. Iran was in compliance with the agreement, but hardliners convinced Trump to exit the deal rather than try for revisions. Many...
Breaking on Iran: European leaders including French President Emmanuel Macron, German Chancellor Angela Merkel and British Prime Minister Theresa May decide to go their own way on Iran while Iranian oil production finds many takers
LONDON: In...
The US-China war is disrupting global supply chains, and companies must decide if they will relocate assembly lines away from China, temporarily or permanently, or wait for a compromise. Companies with long supply chains have more adjusting to do, and one petrochemical industry expert warned that...
Virtually all climate researchers agree that the evidence reveals climate change spurred by human activities is underway. Yet right-wing skeptics reject the science as hoax, equating concern with “an irrational environmentalist religion,” reports Deutsche Welle. They obstinately compare themselves...
An investigative article in the US magazine “The New Yorker” reports that President George Bush is seriously considering military strikes against Iran – strikes aimed not only at preventing Tehran from acquiring a nuclear weapon, but also at achieving “regime change.” The White House assumes that...
The US is planning military action against Iran because George Bush is intent on regime change in Tehran - and not just as a contingency if diplomatic efforts fail to halt its suspected nuclear weapons programme, it was...
