Posted Yesterday
“We have thrown down the gauntlet and opened up the door for a potential global trade war in the global solar sector,” said Kelly Dougherty, an analyst with New York-based Macquarie Capital USA Inc. “That’s not what we need right now.”
“Commerce today put importers and purchasers on notice about the consequences of importing illegally subsidized and dumped products from China,” Gordon Brinser, president of SolarWorld’s U.S. unit, said in a statement.
Posted Yesterday
“The whole idea is to help U.S. businesses by helping consumers make an informed decision,” Mr. Bilbray said. “I think there are a lot of consumers who would be willing to pay more, but they wouldn’t necessarily have to.”
Posted 5 days ago
Engineering services (100,847 green jobs) and architectural services (71,891 green jobs) each has fewer green jobs than used merchandise stores (106,865), waste collection (116,293), and school and employee bus transportation (160,896). Using the BLS metric, Obama's "jobs of the future" are more likely to be found in trash collection, the Salvation Army, and driving school buses than in engineering and architectural services.
Posted 6 days ago
The study of a study of studies began in 2010 when Defense Secretary Robert Gates complained that his department was “awash in taskings for reports and studies.” He wanted to know how much they cost. The cost of the study of the study of the studies was not available from the GAO.
Posted 6 days ago
“Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time,” said Tom Goodman, a spokesman for Saverin, in an e-mailed statement.
Saverin’s name is on a list of people who chose to renounce citizenship as of April 30, published by the Internal Revenue Service. Saverin made that move “around September” of last year, according to his spokesman.
It may help him cut the tax bill stemming from his Facebook stake, and avoid capital gains taxes on his future investments. Singapore doesn’t have a capital gains tax.
Posted 7 days ago
Treasury Secretary Timothy Geithner, who along with Secretary of State Hillary Clinton headed up the U.S. side for the annual discussions, said at the conclusion of the talks Friday that China had made "important steps" that would translate "into greater opportunities for U.S. workers and companies."
Federal Reserve Chairman Ben Bernanke also participated in last week's discussions in Beijing. The approval by the Fed board, which oversees U.S. bank holding companies, came on unanimous votes.
The Industrial and Commerce Bank, China's largest bank with total assets of approximately $2.5 trillion, is 70.7 percent owned by the government of China. The government of China holds similarly large stakes in the other two banks.
Posted 7 days ago
The Bay Area Rapid Transit Board of Directors awarded a contract Thursday to build the next fleet of BART cars to a Canadian firm amid controversy over how much of the new cars would be made in the USA.
Posted 11 days ago
With announcements of new manufacturing plants opening up across Pennsylvania, Shell’s decision to build the first petrochemical plant in the Philadelphia region and a Charlotte, N.C.-based steelmaker’s construction of a $750 million plant to produce iron from natural gas and iron-ore pellets in Louisiana, it is no wonder that many people see the responsible development of shale gas resources as a “game changer,” boosting economic output and creating high-wage, high-skilled jobs throughout North America.
Posted 15 days ago
Toyota is turning into an American car company with a Japanese name. Many of its models, including the Camry sedan and Tundra pickup, are designed specifically for the American market, and built here. Talk about globalization; soon the only Japanese piece of the average Toyota might be t-shaped badge.
Posted 19 days ago
The improving prospects for the manufacturing sector—which is so large it would be the world's ninth-largest economy if it were a country—are becoming a hot topic.