Joint Economic Committee U.S. manufacturing strategy hearing

OK, people say lots of things about the causes of the loss of U.S. manufacturing jobs, most of which have some truth to them, but look at Mr.

JEC Hearing: Spend Less, Owe Less, Grow the Economy - hearing webcast archive

As the title of the hearing indicates the speakers as a group had a spending cut bias, but there is interesting information here, particularly from professor Johnson

Kids falter under school bags and expectations -- Shanghai Daily | 上海日报 -- English Window to China New

The Shanghai Daily (my local paper) has been running a good set of editorials about the flaws in the Chinese education system, many of which parallel the U.S.

Former Senator Fritz Hollings on restoring U.S. jobs

His proposed solution is not as good as www.sharedeconomicgrowth.org, but his analysis of the situation is well taken.

PIMCO | Economic Outlook - ​Secular Outlook: Navigating the Multi-Speed World

Analysis of the global financial prognosis for the next 3-5 years which includes acknowledgment of the fact that the government is engaged in "financial repression" that is damaging middle class savers and contributing to the overconcentration of wealth in America.

Dealpolitik: Microsoft’s Brilliant, Legal Tax Dodge - Deal Journal - WSJ

A topical example of why it is better to be incorporated anywhere exceptr America, and to have your valuable operations anywhere outside of America if you can For a specific policy response, see

China ODI to overtake FDI within 3 years

China becomes the hunter

Senate Finance Committee hearing on fairness and the tax code

Some useful statistics on the unfairness of our tax system.

As CEO Pay Soars, Many New Jobs Fail To Provide A Living Wage

For more statistics on CEO pay and one proposal for doing something to rationalize it, or at least make it less sneaky, see

manufsumm_092010.pdf (application/pdf Object)

AFL-CIO report on America's manufacturing crisis and national security

FT.com / Comment / Analysis - Global economy: An inflated outlook

Chinese labor costs are still extremely low by U.S. standards. As the value of the U.S. dollar declines due to the government printing money and borrowing, the price of goods in dollar terms will rise.

Bx7.pdf (application/pdf Object)

The Pearlstein column reflects why we need real tax reform. See www.sharedeconomicgrowth.org or

Why Corporate Tax Reform Is So Tricky - BusinessWeek

Only part of the answer - there are better ideas that the key political players are aware of (I know that for a fact - I've discussed it with them), but the conversation on those is suppressed because they are viewed as hard to explain to the public.

Corporate Tax Reform Could Hurt Small Business, Says Kogod Tax Center - Investors.com

One of several issues with the 1986-style "broaden the base and lower the rate" corporate tax reform being discussed in Congress

EXCLUSIVE INTERVIEW: Bill Gross of Pimco - Right Turn - The Washington Post

Pimco explains why it dumped U.S. Treasuries - because they believe that the time when the market will discipline U.S. government irresponsibility is drawing near.

Tax Policy and Sole Proprietorships

A closer look at what most of us would consider to be "small business" as opposed to what the spinners of Orwellian language now use that term to mean (i.e. rich people). From the data, one can see a large disconnect between what the pundits say and what most people envision.

House Ways and Means Committee hearing - tax reform

House Ways and Means Committee hearing on fundamental tax reform (full transcript and submissions now posted) - seeding from a particular submission but the whole hearing is interesting

Suggestion for effective corporate tax reform from a progressive economist

Professor Avi-Yonah suggests a method for eliminating the penalty for creating U.S. jobs

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