Tuesday, 03 May, 2005

World chip sales continue to rise Great news for global business, it appears the integration - productivity sector is coming back. The US's major gains of the mid to late ninties was from the 80's investment in technology The world's electronics manufacturers spent $18.4bn on semiconductor products during March, 2.2 per cent more than they did in February, the US Semiconductor Industry Association (SIA) said yesterday. For the first calendar quarter, sales reached $55.3bn, just 0.4 per cent sequentially - Q4 2004's total was $55.1bn - though they were up 13.2 per cent year on year from $48.9bn. Sales in March alone were up 14.7 per cent year on year. 9:06:23 AM    comment []

Workers urge rejection of free-trade pact Just to balance the coverage, now we hear from the doomed; bitch, complain, but do nothing about the root cause - your economically obsolete skill set Hard hats mingled with suits during a Portland forum that occasionally turned raucous Monday as union members booed a proposed free-trade agreement with Central America. Labor leaders and workers urged U.S. Rep. Earl Blumenauer, D-Ore., and U.S. Sen. Gordon Smith, R-Ore., to turn down CAFTA, the next in a series of NAFTA-like trade deals that unions deride for eliminating U.S. jobs. But some panelists said the Central American Free Trade Agreement, which would cut tariffs for six Central American and Caribbean countries, would open markets, protect intellectual property and help Oregon's economy. 8:57:37 AM    comment []

What Made the Next Depression Worse A great analysis by the "Austrian School" of economics...the heart of free-market capitalism How inevitable is the continuing expansion of the domestic and international economy? Barring a major war and a major depression, and a policy response that repeats the errors of traditional countercyclical policies, I would say that continued world economic expansion is likely. For an Austrian all too aware of how governments can foil prosperity, that may sound like an optimistic prediction. But consider. With the fall of socialism, the world economy has opened up as never before. New technologies have wrought new efficiencies. Private enterprise has become ever better at mass marketing to the benefit of everyone. The division of labor is expanding internationally. No matter how hard the government continues to try, it just can't seem to throttle the extraordinary power of the market economy. 8:47:18 AM    comment []

Philippine rebels say China abandoned Maoist cause Although not "economic news", this channel has been hard on mainland China so some good news was in order - perhaps the market mindset will win in the end MANILA (Reuters) - Philippine communist rebels, turning from allies to critics of China, said on Tuesday that Beijing's shift to a capitalist economy had undermined some revolutionary movements in Southeast Asia. The 8,000-member New People's Army (NPA), which drew ideological inspiration from China's first generation of communist leaders, has been waging a violent guerrilla war for more than 35 years to overthrow the Philippine government. 8:36:12 AM    comment []

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