An Empire at Risk
Economic historian Niall Ferguson, writing for Newsweek, believes that the United States may be entering an unprecedented period in its history. After successfully surviving the best that the 20th century had to throw at it, it may be undone from within by its own largesse and mismanagement.
Thursday, November 12, 2009
America's Nuclear Ambition
Nuclear energy isn't the only option, and it is certainly not the least expensive; but embracing a nuclear future may be inevitable and necessary.
Thursday, August 20, 2009
The Unavoidable Deficit
The political right in this country has been quick to jump on the Obama administration for creating what it sees as irresponsible debt obligations. What they are quick, and indeed happy, to ignore is the incredible strain put on this economy during the past eight years.
Saturday, August 15, 2009(1 comments)
Paying for National Health Care
How will the United States pay for a system built to serve the world's third largest workforce? M. Brian O'Shaughnessy, writing for The Buffalo News recommends instituting a border adjustment tax on imported goods, and using the revenue it generates to fund the national health care system.
Friday, August 14, 2009
The Rise of the Electric Car
On Tuesday General Motors issued an official release updating specs for the much anticipated Chevrolet Volt. One figure jumped off the page; average fuel-economy for city driving would be an EPA-estimated 230 miles per gallon.
Thursday, August 13, 2009
America's Smart Grid
Energy Secretary Steven Chu has said for several months that his department would focus much of its attention on refurbishing, and at times rebuilding, the outmoded American electrical system. This is necessary in order to guarantee energy security and to incorporate new technologies such as wind and solar energy.
Sunday, August 2, 2009(6 comments)
Oil on the Rise
This country cannot continue living off of oil as its primary energy resource.
Monday, July 20, 2009
Shanghaied by Chinese
On July 5, four employees of Australia's Rio Tinto Group were arrested and taken into state custody by the Chinese Ministry of State Security. If the charges prove to be false, then the arrests become little more than kidnapping and ransom.
Thursday, July 9, 2009
FEARS OF A SECOND RECESSION
According to British Prime Minister Gordon Brown, the global economy still faces the real prospect of falling even deeper into recession. Patrick Wintour, political editor for The Guardian, said in a recent piece that the Prime Minister intends to address his concerns before the latest G8 summit scheduled in Italy July 8-10.
Wednesday, June 10, 2009(2 comments)
Unemployment Skyrocketing Again-
The growth of unemployment had been slowing moderately over the past two months but it took a turn for the worse in May despite conflicting reports from major media outlets.
During Dongfan "Greg" Chung's three decades as an innovative engineer for Boeing and Rockwell, federal prosecutors say he was also a hardworking spy.
Wednesday, May 20, 2009(1 comments)
Made in the USA? The Truth Behind the Labels
ConsumerReports.org put together a piece for AOL.com describing the marketing gimmicks and loopholes which allow some companies to claim that their product is "Made in USA" when it really originated overseas.
Tuesday, April 28, 2009(1 comments)
The End of American Exceptionalism
America's economy has developed the profile of an oligarchic third world country. If the United States were any other country, the ridiculous and obvious corruption of our political and financial system would be cause for scorn.
The Forgotten Debt
No country in the world carries a deficit like the United States no five countries combined carry a deficit like the U.S.
Saturday, March 28, 2009(4 comments)
The Need for Clean Energy
The United States needs to follow the lead of Japan and Europe and to some extent China and put its money into an investment for our future. We have already gotten the ball rolling, now is time to put the full force of our nation behind the cause.
Saturday, March 21, 2009(6 comments)
America Now Extremely Vulnerable to Financial Warfare
The United States is so heavily financed by foreign creditors that a number of nations hold so-called "debt bombs" with the potential to cripple the American economy. China, Japan, the UK and others hold hundreds of billions of dollars in U.S. Treasury bonds. If they were ever to release these into the international market en masse it would undercut the American dollar and create conditions for a rush out of our market.
Friday, March 13, 2009
Same Crisis, Different Approach
The economic meltdown, which dismantled much of the American financial system, spread to Europe via the intricate ties of multinational corporations across the Atlantic. The financial crisis in Europe is similar to that experienced in the United States the overall economic crisis however is much different but the way the two parties are dealing with their problems are very different.
Tuesday, March 10, 2009(4 comments)
The American System is No Longer Sustainable
The United States does not control its most popular and vital consumer industries anymore. Many of the most prominent economic sectors in the United States are foreign-owned. This means that in the end all of their profits are foreign-owned as well.
Monday, March 2, 2009(6 comments)
Globalization Destroying Our Nation
Our devotion to unfettered globalization, under the false pretense of "free trade", is destroying our nation. The United States has been listlessly pursuing economic liberalization and globalization for a generation; at this point it is no longer working in our own best interests.
Monday, February 23, 2009(6 comments)
America is Inexorably Destined to Fail
The U.S. economy is collapsing around us, but foreign nations continue to finance our government. The reason for this is simple. Most of the money that the U.S. borrows from overseas eventually goes back overseas via our addiction to imported goods and commodities. Our dependence on foreign-made products transfers over $800 billion out of our economy every year.
Monday, February 23, 2009(1 comments)
Obama's Housing Rescue
Fresh on the heels of a $787 billion economic stimulus package, President Barack Obama is calling for an additional $75 billion in housing relief. His proposal is the first that actually addresses the millions of families in foreclosure around this country, rather than the banks and lenders who own the property and the mortgage.
Thursday, February 19, 2009
Mixed Reviews for New President
According to the Democrats, President Barack Obama is doing incredibly well in his first month occupying the Oval Office. According to the Republicans, President Obama has failed miserably in every way. The major turning point for argument surrounds the economic stimulus package, and the truth is we will probably have to wait to see how this major policy measure turns out.
Wednesday, February 18, 2009(21 comments)
The U.S. Needs National Goals and Ambitions
The United States has unflinchingly adhered to its mantra of unguided capitalism, despite the voluminous evidence showing our need for a better policy. The United States has no delineated national goals or ambitions, and it no longer supports its manufacturing industry in such a way that the sector can remain globally competitive.
Tuesday, February 17, 2009(2 comments)
The United States has no room to negotiate at the international table. We used to command the lion's share, now we are relegated to taking what it given to us. The reason for this is quite simple: leverage.
Friday, February 13, 2009(2 comments)
Lessons Learned From Blagojevich Scandal
We all know the old adage that "power corrupts, and absolute power corrupts absolutely," but we seem to let this bit of wisdom slip through our grasp when it comes to our elected officials.
Wednesday, February 11, 2009(4 comments)
Straight Talk on "Protectionism"
Governments around the world rail against "protectionism" while simultaneously putting up barriers to trade which contrast their own public statements. All governments are up in arms when a current or potential trade partner begins instituting tariffs or import duties to foster domestic growth. At the same time these countries try to get away with their own protectionist measures without incurring a similar wrath.
Wednesday, February 4, 2009(4 comments)
Why We Need the "Buy American" Clause
The "buy American" clauses introduced in the House of Representatives' stimulus bill caught heavy flack from business interests, but the United States needs these kinds of measures. As it currently stands the government will likely spend over $40 billion on infrastructure projects around the United States. All of these projects will require concrete, steel, engineering and labor to be completed.
Chamber of Commerce Leading Congress Astray
The U.S. Chamber of Commerce is supposed to represent the best interests of American corporations and act as their legislative lobby. Unfortunately many of its efforts are counterproductive and effectively work to undermine the overall competitiveness and stability of U.S. companies. In the past week the Chamber of Commerce has petitioned Congress to drop "buy American" clauses from the newly approved stimulus package.
Friday, January 23, 2009(1 comments)
Factors of Our Downfall
Through its ill-fated economic and diplomatic policies the United States has leveraged away its international influence. The current recession began in 2007 and despite massive government interference it could be at least another year before even the slightest improvements are seen. The government bailout was sold - unsuccessfully - to the American people as a means of saving our nation from imminent destruction.
The U.S. Needs to Protect Itself from the Coming Storm
Whether you call it "protectionism" or "economic nationalism," the point is that the United States needs to do something to buffer itself against the coming storm. People fear "protection" because they were all taught in elementary school how protectionism started the Great Depression. Trade barriers did not cause the Great Depression. People spent beyond their means, they bought things on credit they couldn't afford.
Thursday, January 15, 2009
U.S. Needs Better Trade Policy, Better Politicians
The United States needs better representation and better trade policies if it is to emerge from the current economic crisis. Our politicians are either easily manipulated by an elite few to vote against our best interests, or they simply don't understand what they are doing.
Tuesday, January 13, 2009(7 comments)
America Needs to Get Back to its Roots
The United States needs trade protection to build stability in our waiving economy. Tariffs would help solidify our deteriorating economy and would bring vital revenue to our debtor nation.