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U.S. To Fight New Types of Trade Barriers

US exports are facing a proliferation of new types of trade protection, and officials will move aggressively to remove them, the US trade representative’s office said on Tuesday.

In its annual report to Congress on trade barriers, USTR said that bans on food and biotech products and requirements to test, certify and inspect imports were all being used as tools of protectionism, and promised litigation where necessary.

Source: Financial Times

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Manufacturing Probably Shrank as U.S. Slump Hit 70-Year Record

U.S. manufacturing probably shrank further in March, a report may show today as the recession enters its 17th month and becomes the longest since the 1930s.

The Institute for Supply Management’s factory index was at 36 last month, compared with 35.8 in February, according to the median of 74 estimates in a Bloomberg News survey.

Source: Bloomberg

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2009 Global R&D Outlook

In recent years, global effects have slowed R&D growth. Nonetheless, a number of signs point to increased spending in the R&D field for the coming year.

In its World Economic Outlook, published in October 2008, the International Monetary Fund stated that the quickly decelerating world economy would affect global research and development (R&D), with some global R&D growth absorbed by the inflation rate for a net result of flat R&D spending.

Source: Industrial Market Trends

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Union Bill's Declining Chances Give Rise to Alternatives

The Employee Free Choice Act, also called "card check," was dealt two blows last week. Whole Foods, Costco and Starbucks proposed a "third way" to reform labor laws that threatened to draw away conservative Democrats from card check. More damaging was the announcement by Sen. Arlen Specter (R-Pa.) that he would reverse his support for the bill.

Source: Washington Post

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Loss in Manufacturing Jobs Adds to Unemployment Rates

Although the majority of job losses are concentrated in the manufacturing industry, and in the states that rely heavily on these industries, the city with the largest increase in unemployment is New York City. Possibly, the disastrous financial sector has something to do with this.

Source: Economy Examiner

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