News
WSJ: America’s Other Auto Industry
"The men from Detroit will jet into Washington tomorrow—presumably going commercial this time—to make another pitch for a taxpayer rescue. Meanwhile, in the other American auto industry you rarely read about, car makers are gaining market share and adjusting amid the sales slump, without seeking a cent from the government. ... These are the 12 ‘foreign,’ or so-called transplant, producers making cars across America’s South and Midwest. ... To put it concisely, the transplants operate under conditions imposed by the free market. Detroit lives on Fantasy Island.”
NYT: Another Start-Up Tries to Sell Wine Online
AmericanWinery.com is tapping into the latest foodie craze: buying local. “People in the United States are producing fantastic wine.”
AFP: US Congress passes $25 BILLION loan to automakers
Congress and President Bush bailout US automobile companies making fuel inefficient cars nobody wants.
Time: How We Became the United States of France
This is the state of our great republic: We’ve nationalized the financial system, taking control from Wall Street bankers we no longer trust. We’re about to quasi-nationalize the Detroit auto companies via massive loans because they’re a source of American pride, and too many jobs—and votes—are at stake.
I.O.U.S.A. Trailer
”I.O.U.S.A. boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, America must mend its spendthrift ways or face an economic disaster of epic proportions.”
China to overtake US as largest manufacturer
"China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy.”
T. Boone Pickens Introduces Plan to End America’s Addiction to Foreign Oil
Oil man T. Boone Pickens explains why foreign oil is bad for America’s economy and why his plan will spur American innovation and job creation while shifting power away from countries that threaten our national security.
BlueFire Building US’s First Commercial Cellulosic Ethanol Plant
BlueFire has been cleared to build a commercial production facility to convert plant waste into fuel, helping to reduce our dependence on foreign oil within a year without harming the food supply chain.
LA Times: Chinese firms bargain hunting in U.S.
State incentives and a weak dollar are spurring investment by a growing wave of Chinese entrepreneurs. From Spartanburg to Los Angeles, they are building U.S. factories, buying companies and investing in business and real estate.
Fortune: You have 7 years to learn Mandarin
While short-term investors are already cashing in on China’s growth by playing the global commodities boom, smart long-term thinkers are contemplating what happens when China matures from an exporter of cheap goods to a competitor in sectors where the U.S. is dominant - technology, brand building, finance.
Reuters: Obama: U.S. must push China on currency
"What we need to do is just be better bargainers and say ‘Look, here’s the bottom line: You guys keep on manipulating your currency, we are going to start shutting off access to some of our markets,” Obama said at a forum hosted by the Alliance for American Manufacturing, which has launched a statewide “China Cheats. Pennsylvania Loses” campaign.
PR: SKYY Vodka, Made in the USA, Proudly Supports Treaty of Guadalupe Hidalgo
Skyy Vodka responds to Swedish Absolut Vodka advertising that depicted western North America as Mexican territory as an “ideal time”.
Slate: The Last Days of Cheap Chinese
Why American consumers are about to start paying more for clothes, electronics, toys, and just about everything else.
Wired: Once the World’s Great Factory, China Is the Next Great Innovator
"The country’s hottest export is actually cold cash. Until recently, China’s pinstripe brigades were happy to stash the national hoard—$1.5 trillion in foreign exchange reserves, and counting—in US T-bills and other financial no-brainers. Now they’re buying resources to feed their global ambition: raw materials [...]”
NPR: Clinton, Obama and NAFTA: A Non-Issue?
"The U.S. trade deficit with China is more than three times greater than with Mexico or Canada. So, if you think free trade hurts the United States, China is a much bigger threat than NAFTA.”
Domestic Hero
Product safety recalls, growing trade deficits, and foreign dependency. The reasons to buy products made in America are numerous. Domestic Hero features issues, stories, and products made in America.
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