America's Business
-
Buy America, weaken America
Continue reading… 0 CommentsThe Durabrand 10-inch portable DVD player available at Wal-Mart retails for $199.94. A group of senators would like to raise the price to $254.67. The Creative Zen Nano Plus 512-megabyte MP3 player seems like a bargain at $89.72; less so at $114.39, the price the senators would prefer that you pay. The price hikes would be the result of a 27.5 percent tariff on goods imported from China, a proposal sponsored by Democrat Chuck Schumer of New York and Republican Lindsey Graham of South Carolina that is scheduled to come up for a vote in the Senate this week.
-
Invest in corporate America. Just don't work there
Continue reading… 0 CommentsUncooperative data are a drag. When I was researching various ways in which overseas workers and companies are pulling ahead of those in America, I came across some unwelcome evidence. I looked up how many U.S.-based companies belonged to the Fortune Global 100 in 1995 and how many in 2005. I expected to find American companies sliding down the list, replaced by the Samsungs of the world, aggressive upstarts fueled by ambition, hungry customers new to the middle class, and cheap labor. But that's not what has been happening. In 1995, there were 24 U.S. companies in the Global 100. In 2005, there were 33. Corporate America has apparently been getting a bigger share, not a smaller share, of the world's business.
