China’s Real Intentions Toward America

These days, America competing with China is like an American runner competing against a Chinese runner, except that the American runner has to carry an anvil. It may be against the rules, but there’s little anyone can do about it. The Chinese have the advantage. But let’s not delude ourselves about China’s aims. China want to surpass the United States as the world’s leading economy. And they want to replace the dollar with the yuan as the world’s... Read More

Shutting Down Future US Jobs

As usual, President Obama fails to think about long-term solutions to our economy. His role in the shutdown is one example, but a far more dangerous decision was his willingness to cancel his trip to Indonesia for the Asia-Pacific Economic Cooperation Summit (APEC). The outcome of this decision could stop the creation of millions of good-paying American jobs. According to data from APEC, its members — including the United States and China, Russia, Mexico, Canada and 16... Read More

China: It’s Complicated

China’s relationship with the United States is increasingly complex and competitive, and it’s bound to get even more complex as China pursues an aggressive growth strategy. As Chinese President Xi Jinping and President Obama met last weekend in California to try and mend their often tenuous relationship, it was clear that China had its own agenda and this meeting was more show than a sincere desire for the two leaders to work together. While Obama resolved to address... Read More

When It Isn’t Good to be Number One

America loves to be number one. But now we have the dubious distinction of being number one in a category that nobody wants: we have the highest corporate tax rate in the world. The result is that the U.S. tax code continues to drive American employers to outsource jobs overseas. Since 2001, Japan had levied the highest combined corporate tax rate among the Organization for Economic Cooperation and Development (OECD) countries at 39.5 percent. They recently lowered their rate... Read More

Bernanke Is Addicted to Morphine Economics

Last week, Richard Fisher, the president of the Dallas Federal Reserve and a member of the central bank’s policy-making committee, compared Wall Street’s addiction to the Fed’s economic policy as “monetary morphine.” I coined a version of that term more than three years ago because it aptly describes how the Federal government is handling the economy. Ben Bernanke, current chairman of the Federal Reserve, is the “morphine dealer” as he continues... Read More

When Patents Are Stolen, So Are American Jobs

Ideas build nations. Great minds fueled the economies of nations as far back as the ancient Egyptians. Yet, after only a bit more than 200 years, America has become the world’s innovation leader. Small and medium-sized American companies generate the overwhelming percentage of this creativity, filing 13 more patents per employee than large corporations do. Meanwhile, the core copyright industries alone (not including the broader sector) lead all major industry sectors in U.S.... Read More

There’s More to Asia Than China

Many Americans, including those in Congress, have a myopic view of the Asia-Pacific region. They only see China, but as the recently concluded Asia-Pacific Economic Cooperation (APEC) meeting in Honolulu illustrated, we have 21 important trading partners with shores bordering the Pacific Ocean. To concentrate solely on China ignores the robust trading relationships the U.S. has with Asian nations. APEC, besides the United States, consists of Australia, Brunei, Canada, Chile, China,... Read More

Morphine Economics

Morphine Economics I own a large collection of antique engravings and maps dating back more than five hundred years. They tell a fascinating story that divines the future if you are perceptive to their wisdom. Clipper ship entrepreneurialism was the strong, steady wind that propelled forth the Age of Discovery. The embassies, merchants and holy men billeted on these magnificent ships faced incredible hardship as they searched for undiscovered trade routes that could potentially... Read More

Congressman Tom Rooney: Obama Should be More Forthcoming on McChrystal and Afghanistan

Neal Asbury opened the show by quoting Oscar Wilde, who once said that “Experience is the name everyone gives to their mistakes.”   If that is the case, according to Asbury, “then President Obama is the most experienced man alive.”  Asbury suggested that the President’s problems stem from the fact that he has surrounded himself with a staff that has no experience in business management, military leadership, or the fundamentals of running a company, let... Read More

The Faster the Patent – The Greater the Theft.

As I have maintained through the years, no other country can out-think and out-innovate American entrepreneurs. There is a reason that the rest of the world looks to the US when they want the latest, greatest inventions and technological breakthroughs. The trouble is that America also has a propensity for red tape that puts obstacles in the way of these innovative developers. Now comes word that the US Patent and Trademark Office is looking at a way to fast track the granting... Read More