June 4, 2012 By Frank Knapp Jr. This weekend U.S. and Asian defense officials met in Singapore to discuss Asian-Pacific military security strategy with China dominating much of the conversation. China has been increasing its military presence in the region and the U.S. has been adding Marines in Australia and Philippines while planning to send …
This weekend U.S. and Asian defense officials met in Singapore to discuss Asian-Pacific military security strategy with China dominating much of the conversation. China has been increasing its military presence in the region and the U.S. has been adding Marines in Australia and Philippines while planning to send more combat ships to the area. While …
May 17, 2012 By Frank Knapp Jr. | Lexington County Chronicle Everyone knows that China holds much of our government debt. While that might sound ominous, the reality is that China needs the U.S. economy to be successful if it wants to keep getting paid on their investment. It’s not like China can simply take …
Yesterday’s JPMorgan shareholders meeting was “pretty tense”, according to Lisa Lindsley who attended the meeting in Tampa. Lindsley is the director of capital strategies at the American Federation of State, County and Municipal Employees pension plan. In a radio interview with me yesterday Lindsley said that it was obvious that the JPMorgan people clearly wanted …
The Federsal Reserve bows to big banks today, China tomorrow Read More »
May 11, 2012 By Frank Knapp Jr. | Lexington County Chronicle In another bad Federal Reserve decision, Chinese government-owned banks have been approved to do business in the U.S. China already owns much of our nation’s debt and its businesses are bidding successfully for public project works here. Add to that China holding the loans …
Everyone knows that China holds much of our government debt. While that might sound ominous, the reality is that China needs the U.S. economy to be successful if it wants to keep getting paid on their investment. It’s not like China can simply take over our federal government if we don’t pay them. Our economy …
The argument that “free” trade will create more jobs here in the U.S. stands in stark contrast to the facts. Since the 2001 trade deal with China we’ve lost 6 million manufacturing jobs here at home. The calls for “fair” trade are growing. Our manufacturers find it almost impossible to compete with foreign manufacturers that …
State Senator Jake Knotts of Lexington County, South Carolina, is angry. Recently a school district in his county gave the contract to build a new school to a big Chinese general contractor that had the low bid. Senator Knotts shares the outrage of many of his constituents. While a local architectural firm is being hired …
“We don’t have an obligation to solve America’s problems.” Remember this quote from an Apple executive as reported by Charles Duhigg and Keith Bradsher. It appeared in the first of a two part story that will surely win the two New York Times journalists deserved recognition for exposing Apple’s decidedly un-American manufacturing standards in China. …
Below are some excerpts from an opinion editorial by former South Carolina U.S. Senator Ernest F. Hollings (1966-2005) that ran in today’s Charleston Post and Courier. Never one to mince words, Mr. Hollings lays the blame for our economic condition on the “free traders”. In his opinion, resurrecting our country’s manufacturing is the key to our future. In …
