How Manufacturing Jobs Could be Returning Home to the US

In 2010, China had been overtaking the US as the number one biggest manufacturer in the world. However, a recent study from the Boston Consulting Group entitled, The Return of US Manufacturing, suggests that a “manufacturing renaissance” may be afoot in the US.

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Dagong Strikes Again: Cuts UK Debt Rating Once More

Beijing-based Dagong Credit Rating Co. is China’s leading credit rating agency and, despite the limited international influence of its ratings, it keeps pumping out sovereign debt downgrades for the industrialized West.

The latest nation up… or down as the case may be… is the UK. It was already cut from its triple-A standing — as indicated by ratings from US agencies — to AA- in Dagong’s first headline-inducing ratings release. Recently, the UK has again been downgraded, this time to A+ with a negative outlook, due to its deteriorating solvency.

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Asian Tiger Sinks Teeth Into Gold

The World Gold Council (WGC) released its quarterly “Gold Demand Trends” report last week and, as always, it was filled with fascinating data on the strength of the global gold market. Gold demand grew 11 percent to 981.3 tons during the first quarter of 2011, worth $43.7 billion at quarter-end’s price levels.

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Dropping Like a Rock… the US Continues to Lose its Competitive Edge

Thanks to the government’s meddlesome ways, the US has again fallen on the World Economic Forum’s ranking of global competitiveness. Historically, the US was reliably ranked number one, but in 2009 it gave up the lead position to Switzerland.

For 2010, America’s slipped again… and this time it’s fallen two slots. The US stayed below Switzerland — which retained its top ranking from last year — but, newly fell behind Sweden and Singapore in that order… no longer even clinching the proverbial bronze medal.

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Some Wages in US and India Moving Toward Parity

The democratization of technology has allowed emerging nations access to the kinds of capabilities and knowhow that industrialized nations have long had, and, as a result, salaries in developing nations are rising alongside productivity, especially relative to the developed world.

This week, there's an example of this global trend in call center operations. What's historically been the one of the most obvious cost-advantaged jobs to export to India is now, since the broader economic downturn, a business opportunity showing new signs of competitive life when based in the US.

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The ‘Flations

The incessant debate of whether the economy is inflating or deflating suffers from a vocabulary problem. This is as it must be since some (Federal Reserve Chairman Ben S. Bernanke) discuss deflation as falling prices of stuff while others concentrate on the debt deflation of an overleveraged economy. The latter is what matters.

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China’s Dagong Credit Rating Agency Steamed Over NRSRO Delay

What you already know about China-based Dagong Credit Rating is that it's caused quite the kerfuffle over sovereign debt ratings by ranking China higher than the US and other developed countries, like the UK and Japan, based on a formula assigning more weight to the fiscal health and GDP growth of countries.

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How to Look for a Job

Unemployment is stuck in a rut. One reason is the tendency to look backwards. Trillions of dollars have been spent (with no end in sight) to bail out financial institutions, homebuilders, and failing industries. The federal government is spending $787 billion on a rejuvenation plan: ARRA – the American Recovery and Reinvestment Act of 2009. In the bill, $500 million is sequestered to metamorphose former credit-default swap salesmen into nurses and public health workers. Assuming the government wastes half of that money filling a new bureaucracy to administer the training, that still will be a lot of new nurses.

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On Energy, China Argues Against Western Expertise… Again

China, ever growing in power (no pun intended) and influence, is again questioning Western experts inclined to tell it where it stands on the global stage, this time in terms of energy usage.

On Monday, the Paris-based International Energy Agency (IEA) announced China had overtaken the US as the world’s largest energy consumer. By Tuesday, China’s National Energy Administration had promptly shot down the allegation, suggesting that the IEA lacks understanding of China’s “energy conservation and renewable energy.?

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