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Breaking News: China Imports Hurt U.S. Ya Think?

For years, economists have told Americans worried that cheap Chinese imports will kill jobs that the benefits of trade with China far outweigh its costs. New research suggests the damage to the U.S. has been deeper than these economists have supposed…  The problem is the speed at which China has surged as an exporter, overwhelmingContinue Reading “Breaking News: China Imports Hurt U.S. Ya Think?”

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Friends Don’t Let Friends Buy Imports

The number of Americans living below the poverty line rose to a record 46 million last year, the government said on Tuesday… The economic deterioration depicted by the figures is likely to have continued into 2011 as economic growth diminished, unemployment remained stuck above 9 percent and fears grew of a possible double-dip recession.                                                                                                                          Continue Reading “Friends Don’t Let Friends Buy Imports”