Ask Americans what they think of China and many will say it is a major culprit that steals US manufacturing jobs by using cheap labor. Bankers and CEOs may tell you that China manipulates it’s currency to further steal jobs. President Elect Trump seems to agree with these statements according to some of his latest tweets. So what should we know about China’s power over the US and the world? Continue reading “China’s Power Over the US and the World”
To be sure PE Trump’s owns more real estate than 99% of American but it’s not that great. It actually is a very short list: Continue reading “Trump’s Not So Vast Real Estate Empire”
Trump accepted a “congratulatory phone call” from Taiwan’s President on Friday. As expected, China protested this perceived breach of the long standing U.S. One China policy. The policy has been in place since Nixon opened relations with China. In a nutshell, China claims sovereignty over Taiwan. Taiwan disagrees. Continue reading “UPDATE: Trump on China and Taiwan”
Manufacturing used to provide 25% of all U.S. jobs in the 1960’s. Since then its declined to less than 10%.
This steep drop happened as even as manufactured goods as a percent of U.S. Gross Domestic Product (GDP) stayed relatively the same. This indicates that automation, not trade, caused the decrease in manufacturing jobs. Continue reading “Where Did the Manufacturing Jobs Go?”
In the aftermath of the 2016 election, Scottie Nells Hughes, a surrogate for President Elect Trump, declared “There are no such thing as facts”. This is disturbing and if it is true, does it not undermine a core principle of Thomas Jefferson?
“If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.”
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