Last updateThu, 21 Feb 2019 3pm


Industrial Output Falling Sharply

U.S. manufacturing activity decreased in December at its fastest pace in nearly 30 years, as businesses cut production and slashed product orders in response to the global recession, according to a closely watched survey.

The Institute for Supply Management's index of industrial production slipped from 36.2 percent in November to 32.4 percent in December, the lowest level since June 1980.

Source: Washington Post

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'Fair' Traders Are Perplexed By Obama's Pick for USTR

President-elect Barack Obama's selection of former Dallas, Texas, mayor Ron Kirk as his United States Trade Representative has thrown the fair trade community for a loop.

Kirk, a lawyer with the respected Houston firm of Vinson & Elkins, has been a supporter of the NAFTA superhighway and of free trade, both of which have been held in low regard of late among recently elected populist Democrats in Congress, and even among some Republicans.

Source: Manufacturing & Technology News

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Economic Crisis Leads Trade Associations to Regroup

Another victim of the financial crisis gripping the U.S. and the rest of the world are trade associations which are downsizing because of fewer members or reducing their budgets, including lobbying efforts.

The National Association of Manufacturers froze 2009 wages, reduced travel and entertainment expenses and laid off 17 workers.

Source: AHN

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Becerra Won't Take Trade Job

Rep. Xavier Becerra, D-Calif., said Tuesday he will stay in the House and pass on becoming U.S. trade representative in Barack Obama's administration.

Becerra emerged as the leading candidate for the post and interviewed with Obama earlier this month.

Source: AP

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