Harry E. Figgie Jr.

The Pittsburgh Tribune-Review reports that China is poised to take over as the world’s leading manufacturer in 2011. These predictions are nothing new, but they should certainly raise alarm bells in Washington. The United States has manufactured more goods than any other nation since the mid-1890s! – The Editors

The Washington Post’s Howard Schneider reports that U.S. exports rose more than 2% in May, but an even greater increase in imports resulted in an overall rise in the United States’ trade deficit. – The Editors

The Shop Floor lauds China’s recent promise to allow its currency, the yuan, to be more responsive to market forces, but warns that the key question is “how far and how fast” the currency will be permitted to float. – The Editors

Brookings Institution Fellow Martin Neil Baily, Dartmouth College/Tuck School of Business Professor Matthew J. Slaughter, and University of California-Berkeley/Haas School of Business Professor Laura D’Andrea Tyson co-authored an op-ed in the Wall Street Journal warning that more American jobs will likely be outsourced in the absence of more effective American policies. The authors all advised [...]