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Dave Johnson's picture

China's Currency Manipulation Manipulates The World

By Dave Johnson
March 18, 2010

China's currency manipulation is a worldwide problem, not just a job-killer here.

U.S. Ambassador Calls China’s Currency Stance ‘a Real Concern’, more »

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Chinese Currency Manipulation: "Not A Small Issue"

By Dave Johnson
March 17, 2010

The Chinese currency manipulation issue continues to make news.

Economist Paul Krugman lays out the stakes,

China is in effect imposing an anti-stimulus of that magnitude — which plausibly means 1.5 percent of GDP. This is not a small issue.

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Dave Johnson's picture

Chinese Currency Showdown

By Dave Johnson
March 15, 2010

China is holding down the value of its currency, which means goods made there cost less everywhere else. This undercuts American companies that make things, so they close factories here and buy from there. This costs us jobs, forces down our wages and savings rate, and forces the country to borrow heavily. This imbalance has built up to a breaking point. more »

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Dave Johnson's picture

It Is Time To Put Our Foot Down: Ten Steps We Can Take to Stop Closing Factories and Eliminating Jobs

By Dave Johnson
March 10, 2010

The economy is still getting worse more slowly. We lost "only" 36,000 jobs last month. We need to create 11 million new jobs just to get back to where we were before "free-market" conservatives took over our government and dismanted the protections and regulations that had protected us from this. more »

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Armand Biroonak's picture

Jobs by Sector Tell a Bleaker Story

By Armand Biroonak
March 5, 2010

The Department of Labor’s employment data released this morning indicates that we are continuing to lose jobs, 36,000 in February alone, although at a much slower pace than this time last year. more »

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Dave Johnson's picture

California Factory Closing - HUGE Impact - Steps You Can Take

By Dave Johnson
March 4, 2010

Toyota is planning on closing the New United Motor Manufacturing, Inc. NUMMI auto-manufacturing plant in Fremont, CA on March 31. The immediate effect is a loss of 5,000 jobs. But, as with any factory closing, the effects ripple out well beyond the immediately obvious. more »

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Dave Johnson's picture

Whirlpool Tells Callers: Call Congress. They're Right!

By Dave Johnson
March 2, 2010

In the middle of this terrible jobs crisis Whirlpool is closing a factory in the US and sending the jobs to Mexico. Their Mexican workers will be paid $70 a week. more »

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Whirlpool: Mexican Workers Paid $70/Week Can't Buy Refrigerators

By Dave Johnson
February 26, 2010

Whirlpool is closing a plant in Evansville, Indiana, and moving the jobs to Mexico, where the workers will be paid $70 per week. more »

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Hale Stewart's picture

No, Virginia, US Manufacturing Isn't Dead

By Hale Stewart
February 25, 2010

This cross-post by Hale "Bonddad' Stewart on manufacturing first appeared on his site the bonddad blog. Please visit his site. This begins a back-and-forth dialog series, Is Manufacturing Making It?. more »

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Dave Johnson's picture

Jobs: Bail Out States, Yes Or No?

By Dave Johnson
February 23, 2010

In Big Push Needed For Win 60 Votes For State Aid ... And More Private Sector Jobs, Bill Scher writes of the need for,

...a major grassroots push to secure critical aid for fiscally distressed state governments and help tackle the jobs crisis.

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