Now, however, comes what may be an insurmountable challenge. The Obama administration is negotiating a free-trade agreement with Vietnam and seven other countries, and it is unclear whether the plant can stand up to a flood of shoes from that country, already one of the leading exporters of footwear to the United States.
"We are deeply concerned by the inclusion of Vietnam in a potential free-trade agreement," said Rob DeMartini, president and chief executive of New Balance.
...The shoe tariff, by pushing up the cost of importing shoes, means a pair of athletic shoes made in the Norridgewock factory or anywhere else in the U.S. is more competitive than it otherwise would be, and partially offsets the costs of higher wages paid here. On a pair of shoes that comes into the country valued at $30, for example, a typical 20 percent duty amounts to $6. (In many cases, the markup amounts to 100 percent, meaning those shoes would sell to consumers for $72.)
Sunday, July 31, 2011
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Saturday, July 30, 2011
Budget Deficit Debate: On the Road to Disaster - Americans for Political Change
- Join the discussion on the deficit/deficit crisis.
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Thursday, July 28, 2011
Wednesday, July 27, 2011
Tuesday, July 26, 2011
Sunday, July 24, 2011
Saturday, July 23, 2011
Jobrny's Rant: Ron Paul polls just 4 points below Obama if the tw...: "This is embarrassing for the President. Ron Paul is a fringe candidate with no chance of being the nominee of the Republican Party. This sho..."
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That's money that could have gone towards reducing the debt.
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Friday, July 22, 2011
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Thursday, July 21, 2011
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Wednesday, July 20, 2011
Monday, July 18, 2011
Friday, July 15, 2011
A 94-year-old wheelchair-bound Florida woman says a search she went through at Raleigh/Durham International Airport went too far.
Marian Peterson said it happened July 6 as she went through a TSA security checkpoint before boarding a flight home.
Peterson said she was selected for extra screening. First, security officers lifted her out of her wheelchair and helped her stand in a full body scanner. Then, she was given a physical pat down.
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Tuesday, July 12, 2011
Former Prime Minister Gordon Brown on Tuesday accused Rupert Murdoch's News International media group of using criminals to illegally obtain information about his private life and of the shock he felt when it published a story about his baby's ill health.
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Monday, July 11, 2011
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Sunday, July 10, 2011
Unions are making it known that Social Security cuts are unacceptable to them and say they will lobby against any cuts to the popular entitlement program.
“I think this is a huge political mistake for Democrats,” Chuck Loveless, legislative director for the American Federation of State, County and Municipal Employees (AFSCME), told The Hill.
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Saturday, July 9, 2011
What gives? And where, if anywhere, is the outrage?
The United States is in the grips of its gravest jobs crisis since Franklin D. Roosevelt was in the White House. Lose your job, and it will take roughly nine months to find a new one. That is off the charts. Many Americans have simply given up.
But unless you’re one of those unhappy 14 million, you might not even notice the problem. The budget deficit, not jobs, has been dominating the conversation in Washington. Unlike the hard-pressed in, say, Greece or Spain, the jobless in America seem, well, subdued. The old fire has gone out.
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It looks like allies of Wisconsin Republicans are growing so desperate that they’re resorting to sleazy dirty tricks in their last-ditch bid to help the GOP hang on to the state senate.
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Thursday, July 7, 2011
The founder of Pakistan's nuclear weapons program claims that in the late 1990s North Korean officials paid kickbacks to senior Pakistani military figures in exchange for critical weapons technology.
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Wednesday, July 6, 2011
While Wisconsin Gov. Scott Walker’s (R) law dismantling collective bargaining rights has harmed teachers, nurses, and other civil servants, it’s helping a different group in Wisconsinites — inmates. Prisoners are now taking up jobs that used to be held by unionized workers in some parts of the state.
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Sunday, July 3, 2011
Polifact: Gov. Scott Walker's Statement that “the largest deficit ever in Wisconsin” was 2 years ago, is false.
Appearing on a national cable TV show viewed by some 269,000 people, Walker said the state’s largest structural deficit had come two years earlier, under his Democratic predecessor. He was off by seven years and a political party. We rate his statement False.
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“Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented.”
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