a wide base in china or india when it could be morocco? why why base in china or india when it could be and morocco? >> prospects for fledgling democracies aren't very good. to make things worse, tens of thousands of people are expected to flee this out for the north. although they are not welcome, europe is not doing itself any favors. >> europe the need to migration. we have a demographic problem. we don't have enough skilled workers and it is obvious that the people we need are in neighboring countries. >> europe's unease over religious groups has proven to be a barrier. once banned by the state, it has emerged as a powerful political force in post-revolution egypt. officials are concerned about the influence the brotherhood could have been a new government. >> we have to accept the religious groups are part of a political spectrum. you can still communicate with these governments, they are not completely disconnected from practical politics. >> people want change. they are tired of all of these different ideologies that they have had t

are less or less tight they're more dependent upon the price of commodities which is set in the global market by china or india arm so i think that it's probably as. insulates see it as any of the emerging markets apart from china or india which are so large that they they kind of determine their own fate but of course in russia all price is the thing to watch if it goes below eighty dollars rushes in trouble but at the moment we see chinese growth opec discipline and the small margin of spare capacity is reason to be relatively bullish on the oil price now taking everything into account events were heading so as another financial crisis i think financial crises kind of happen unexpectedly and we've seen this one coming a long way off we all know that. government stepped in when banks failed and markets crashed in two thousand and eight and increased their debt in order to support growth and now we have problems with sovereign debt but we've all seen it coming and as a consequence i think minor financial markets are prepared for it so i think it won't be a crash i think it may be more slide and it'll be slow a

if you want to get a job go to india or china. not a problem. that is one solution. we have the internet as a phenomenon that has only existed 10 or 15 years. that certainly makes mincemeat of a lot of brick and mortar jobs. computers, automation, artificial intelligence and robotics are all in the future. what business cycle, what kind of solutions do we have for these things that i don't believe every business cycle has had these kind of things thrown at society? what kind of hope might there be for people given these ugly realities? >> there are two things going on in what is essentially a business cycle although an extended one.

maybe the jobs he's created, maybe tens of thousands were in india or china which he was bashing today in his speech. but he has really set himself up here, anderson, as somebody who i think is going to be quite vulnerable. mike huckabee the last time around, a republican who won iowa won in part i think because he accused mitt romney of looking like the guy who laid you off. a lot of people said yeah, he duds. >> kevin, are these attacks on romney, they're nothing new the attacks on romney over what he did at baine, do you think they're damaging still? >> i think this comes down to world view. i think what governor romney is going to go out and tell the many republican primary voters then if he were to earn the nomination, he would make the case his world view of knowing the private sector, understanding the private sector. admittedly what goes right and what can go wrong in a private sector is going to be a very important part of putting together his blueprint to help turn around the american economy. we can't rely on people who have just have government experience who only know abou

from workers who were laid off by mitt romney and maybe the tens of thousands were created in india or china he was bashing in his speech. he has set himself up, anderson, as someone who is quite vulnerab vulnerable. and remember, mike huckabee who won in iowa won because he accused mitt romney of looking like the guy who laid you off. and a lot of people said, yeah, he does. >> and kevin, you are the spokesman, and are these attacks on romney anything new? the attacks of bain, are they new? >> well, it is coming down the world view, and what governor romney will tell the many primary voters and if he were to earn the nomination and find his way into the nomination, he would say that his world view of understanding the private sector and admittedly what goes right alg wro and wrong in the private sector is important to put together his blueprint to turn around the american economy. we can't rely on people who have just government experience who only know about government paycheck in order to create and fix and create an economy that can get, that can put american people back to the work and

if you want to get the job go to india or china. not a problem. that is certainly one solution. we have the internet as a phenomenon that has only existed for ten or 15 years which certainly makes a lot of brick and mortar jobs, computers, automation, artificial intelligence, robotics. they are all the future. what business cycle -- i mean, what kind of solutions to we have for these things that i personally don't believe every business cycle has had these kinds of things thrown at at society. what kind of pope might there actually be for people given these ugly realities? >> two things going on in the economy, and one is essentially a business cycle, although an extended one. we spend years of overspending. consumers taking on debt more and more. what we are seeing is the hangover from that. the fallout from the financial crisis, the big ones is almost always a very slow. recovery usually takes a number of years. i mean, part of what is happening today is kind of cyclical, and the problems will mitigate and away once consumers the leverage and can spend again, but that is a very

over half the start-ups in silicon valley have a founder from either india or china. these are the people we want. the kauffman foundation found young companies less than five years old have accounted for essentially all the job growth in new -- in the united states in the last five years. all of the job growth, from young companies. but our policy does not allow them to come here to participate in that job creation either get a job with the company or go home. at georgia tech, we have seen the impact of this every year. we are dealing with multiple students with these issues. last year, we had a spinoff company created by a graduate student from another country. master's in electrical engineering. a brilliant kid. he went through all the hoops and did his mpt, but then he ran out of options and could not stay and he gave up. apple snapped him up instantly and he is now working. the kid is brilliant. but it delayed the formation of a company based on the technology until we could bring in new founders the did not have immigration issues and we wasted about a year. in

for years americans who lost their jobs to indian or china -- to india or china were denied access to this program because the united states doesn't have a specific trade agreement with either country. given the growing economic power of those two nations, that left an unacceptable number of americans facing trade effects on their own. so in 2009 we changed the program so that t.a.a. supported all americans whose jobs were sent overseas. but those reforms have unfortunately expired. this week we have the opportunity to restore them, and we should. the 2009 reforms also updated the t.a.a. program to protect workers in service industries tphoeugs those in -- in addition to those in manufacturing. 50 years ago when the program was created, no one could have imagined the advances in technology that would allow foreign service workers and engineers to compete with our own domestic workers in those fields. this week we have an opportunity to restore this 21st century perspective to the trade adjustment assistance program. i want to share a couple of stories about new hampshire workers who h

or russia would think of china or even japan india of course on their own the first reaction would be some of the more competition. for my first i don't think that's necessarily a bad thing for example you and i are you know in front of the u.s. congress for more u.s. men's rights into the strategic industry. and for you know russian japanese or indian comics they can be good news as well all right thank you very much for perspective jack show associate professor of journalism and communication at the chinese university of hong kong. remember you can access all of our latest news and stories any time at r.t. dot com here's what's a click away right now. a french envoy to the u.n. warns iran if it's playing with fire if it continues pursuing its nuclear program tell us where you stand on terrans controversial nuclear ambitions participate in our latest online poll at r.t. dot com. today we're asking what will happen if if iran is proved to be building a nuclear weapon so far the most popular response is that there will be a lot of saber rattling but little else the idea that israel may

over half the start-ups in silicon valley have a founder from either india or china. these are the people we want. the kauffman foundation found young companies less than five years old have accounted for essentially all the job growth in new -- in the united states in the last five years. all of the job growth, from young companies. but our policy does not allow them to come here to participate in that job creation either get a job with the company or go home. at georgia tech, we have seen the impact of this every year. we are dealing with multiple students with these issues. last year, we had a spinoff company created by a graduate student from another country. master's in electrical engineering. a brilliant kid. he went through all the hoops and did his mpt, but then he ran out of options and could not stay and he gave up. apple snapped him up instantly and he is now working. the kid is brilliant. but it delayed the formation of a company based on the technology until we could bring in new founders the did not have immigration issues and we wasted about a year. in

over half the start-ups in silicon valley have a founder from either india or china. these are the people we want. the kauffman foundation found young companies less than five years old have accounted for essentially all the job growth in new -- in the united states in the last five years. all of the job growth, from young companies. but our policy does not allow them to come here to participate in that job creation either get a job with the company or go home. at georgia tech, we have seen the impact of this every year. we are dealing with multiple students with these issues. last year, we had a spinoff company created by a graduate student from another country. master's in electrical engineering. a brilliant kid. he went through all the hoops and did his mpt, but then he ran out of options and could not stay and he gave up. apple snapped him up instantly and he is now working. the kid is brilliant. but it delayed the formation of a company based on the technology until we could bring in new founders the did not have immigration issues and we wasted about a year. in

you can see for instance china brazil or india putting more money where they are more or stakeholders at the i.m.f. and then does the i.m.f. distribute this dismally to european countries that this is not going to happen to morrow or even next year even. this or a reform of the i.m.f. which is before. guess what the europeans and the americans. have a scar there as well for further analysis of the global economic outlook let's cross to our business desk or the latest we have what have you got for us hovering a lot of rushmore this are still trading in the red with. almost that's two percent european markets are there much better and have now moved into positive territory but there is still a lot of pessimism around having said that we have experts that say russia is better prepared to handle and now the financial crisis if it of course comes down to that i will tell you all about that in business shortly. relations between the u.s. and pakistan affair and new low after a top american military chief excuse pakistan's intelligence service are supporting a group behind last week's a tap

you we can see for instance china brazil or india putting more money in the i.m.f. they are more stakeholders at the i.m.f. and then this is the m.f. distribute this this money to european countries but this is not going to happen so more or even maxed year hard i mean it's been a western dominated institution however that's a conception so why would the bracks and want to work through the i.m.f. an order to get more authority within the institution as opposed to just going around it no because that's the problem the way the breath of law it's the system is still in place there's no other replacements there's no plan b. in terms of economic help and that leads us to the second bric strategy which is they want a reform of the whole world financial infrastructure and that means among other scenes a freer climate for investment china they want to invest in the u.s. they can't first of all because of american protection is one second because the republican party would start calling for a need or strikes on china the next morning but last week in fact or two weeks ago i'

we can see for instance china brazil or india putting more money in the i.m.f. there are more stakeholders at the i.m.f. and india is the i.m.f. distributors this money to european countries but this is not going to happen so more or even next year it will imply of visceral reform of the i.m.f. which is before but i guess what the europeans or the american. dollar for further analysis of the global economic outlets across over to marina and our business thirst for the latest. hire henri while it's a gloomy day for the markets after a brief spell in positive territory europe has now slowed back inside their eggs when in wall street aides are and of course russia but even though experts are warning there is a lot of pessimism we do have analysts that say that russia is better prepared this time around for another down to an effort of course comes down so i want to tell you why and business. this is r.t. now relations between the u.s. and pakistan have hit a new low after a top american military chief accused pakistan's intelligence service of supporting a group be

you will we can see for instance china brazil or india putting more money where they are more stakeholders at the i.m.f. and then does the i.m.f. distribute this to somalia to european countries this is not going to happen to him or even next year he would imply visceral reform of the i.m.f. which is being fought but i guess what the europeans and the americans. are you watching are to live from moscow now as we go to our top story now it's time for paris to hand in its press for u.n. recognition in just a few hours well to talk about this we are joined live now by. dr mustafa barghouti live from ramallah mr of are good i think you are much for being here with us in the program well first there's been a lot of anger among palestinians worldwide to works mahmoud abbas for choosing to delay the actual vote until later and avoid an immediate outright veto from the u.s. so what's abbas's game plan here. i think what's happening is that the palestinians are but i. could go on. and use this negotiations for over twenty years i've been lost without any progress because of israeli policy and becau

you can see for instance china and brazil or india police more money be i.m.f. the other more holders are the i.m.f. and then there's the i.m.f. distributors just money to european countries but this is not going to happen tomorrow or even next year even though the imply of visceral reform of the i.m.f. which is before but i guess what the europeans and the americans part of your father analysis of the analysis rather of the global economic out of what's across of the marina the business that's for them and i know you've got your eyes on the numbers there what the latest that you see for us now higher of all in the situation of the markets is really bad to worse european bourses had a brief spell in positive territory but they have since left and right and russian markets were already down when they are dropped they nosedive and we're now seeing losses of about a six percent. all right i'm going to get some more details from you in about five minutes time see that. relations between the u.s. and pakistan have hit a new low after a top american military chief acc

china and india. so russia's fate is truly don't believe the growth of china named here or not at the moment looks robots and hasn't been affected by the downturn in developed markets as compared to other. bric countries i think russia is in a postscript with brazil as essentially a commodity exporter which is exposed to movements in commodity prices which are affected by global growth it's not like china and india which are large enough that they can determine their own fate to make their own economic weather to a great degree because it depends on commodity prices which depend upon global developments. which brings us to the markets oil prices they're heading down the line of us heard of six weeks highs investors concerns about the eurozone taking precedence over typing supply flights which is trading below eighty nine dollars a barrel by all branches that's one hundred and eleven dollars and asian stocks are mostly lower pulled down by we could financials europe's debt was is still in center stage as the threat of greek default continues to move however some exporters managed to show some growth in to

i see how we're being challenged globally where i go to china or india and those kids are educated, theyak english and they're trying to go on the internet to find jobs. so when i bring that back here, that knowledge back here, i'm working in schools. i'm a volunteer in my high school. a few years ago i challenged the children, the kids, ninth graders who were a terrible team that they were going to be state champions before they were seniors. when they were seniors they were number two in the state by two points. their grades went up, the discipline was better. many of them are going to college on scholarships. we have to get down in the trenches to work with these kids. it only cost me gasoline. i spent years and years in public service. i know what the people like. i'm willing to listen. >> best of luck. i want to remind everybody, we've put a lot of athletes into public office over the years. includes bill bradley, bill from new jersey who played with the knicks. shuler was a quarterback for the redskins in the nfl. jim bunning, he's a hall of famer from the phillies. metcalfe a hero

not here is like a whole piece of the economy that's been hit and spread among china indonesia india taiwan south korea or eastern europe where they can find lower labor cost lead economy is gone and so you you can't use stimulus to recreate your economy was gone and stimulus is only good if the jobs are still there and it needs the additional money and all the people back in their employment but if the jobs are. they're reduced and you can't but work you basically just drives up prices and so the whole world is facing eventually worse inflation due to all this money problems i'm wondering to what extent you think that these factors kind of came into play in terms of what we saw with this report that came out on friday that there were no new jobs but that the jobs approach was essentially flat when it came to grow if i mean is it fair to say that some of those markets that were open yesterday were reacting to that report out of the united states if they expected recovery this sort of shutdown recovery in the city job report is worse than that because it was actually negative because the way the estimates

the mob or that was launched today comes from the russian program or was commercially india's corroborating with russia germany. with china there's a whole bunch of cooperation going on and we're taking the view that this is not the proper time to engage the chinese in space and then as usual we're going to suffer we're going to lose the ability to have a need for. their future direction and i would say to my colleagues who. don't work in with china without working with china inspiration number one we lose out a wonderful opportunity to getting them. china remember to lose out the opportunity to gauge them down what they're thinking what they're doing and. finally if i may the last thing if i may i don't want china to do to us in space with so many markets i want to be in there with them and make sure we mainly to build the chinese well one of the concerns here and. among. my parents. that china is it advancing their interest in. the use of military interests i mean is this is this a valid. ballot i don't know what fear is the right word for. concern but a little nation to use that space to engage their myth to advance th

i see how we're being challenged globally, where i go to china or india and those kids are educated,speak english and are trying to go on the internet to find jobs. so when i bring that knowledge back here and i'm also working in the schools. i'm a volunteer at my high school. a few years ago i challenged the children, the ninth graders, that they were going to be state champions by the time they graduate. they looked at me like i probably had 100 heads. but you know what, when they were seniors those kids were number two in the state by two points. not only that, their grades went up, their discipline was better and many of those kids are going to college, some of them on scholarships. so i understand what we have to do is get down in the trerchlz and work with these kids and all it cost me is gasoline. when i go to trent on, not only do i bring a voice and experience but i've spent years and years of public service. >> i want to remind everybody we put a lot of athletes in public office. it includes bill bradley, played in the nba for congressman heath shuler, a quarterback for the

we cannot to sit idly as our manufacturing base, well-paying jobs depart for china, india or elsewhere. mr. hastings: i yield the gentleman an additional one minute. the speaker pro tempore: the gentleman is recognized. mr. lipinski refor those who continue to -- mr. lipinski: we can defeat the previous question and then passing the national manufacturing strategy act. the american public is waiting. they need jobs. they want us to act. so let's move forward together on something we can agree to and get americans back to work. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from utah. mr. bishop: thank you. i'm pleased to yield as much time as he may consume, the chairman of the rules committee, the gentleman from california, mr. dreier. the speaker pro tempore: the gentleman from california is recognized. mr. dreier: madam speaker, i thank my extraordinarily quick witted colleague from the rules committee for yielding me time and i rise in strong support of this rule and i take the floor to do my doggonedness of why we are here and what it is we are doi

that they are going to impose regulations that basically drive these people off to mexico or to china or to india and bring up issues like mercury. but their own people's studies sthow that the majority of mercury in the united states comes from china and india because they don't clean things up over there and comes from china and india. we are going to make it better by saving more. what about the american jobs that are here? what if they let the people trive. if they trive, building materials stay reasonable. and what happens? price of everything goes up. can we afford that next house? this is what regulations do. this is a compounding effect that cost us jobs. i see one of the smartest men in congress, mr. gohmert. is he here to talk to a different subject? he is one of my colleagues from texas and proud to call him my friend. we don't have a board for this. but let me say something. south texas and the jobs they are creating down there. and the fine of natural gas in south texas. remember this, too. when texas came in the union as a country, we had a special treaty. so the federal government

they don't do it in china or india and eventually those differences will tell which is my next leader. d is for decay because that formula the government position of more and more of our people is a recipe for disaster. the dependency and the decline much of the united states will be on the first track to the last thing america where there is a privilege koret eletes presiding over a vast swamp of poverty and that leads to the next stage d is for disintegration becoming the cingular united states of america. no advanced society has ever tried hyper rules for 350 million people. is it more likely that increasingly compatible jurisdictions and social groups will conclude the price for keeping 50 stores on the flag is to lactide to read the post prosperity america is going to structure. i don't just mean of the ethnic lines where you have millions of poor white americans and black americans on the one hand and millions of the poor even americans on the other and there is no job for either. i just mean cultural tension. it is not clear to me that when this country is no longer the world's

what happens when they want to take their big brain and work ethic and take to it china or india or brazil? i worry about that. and we have so many challenges, as my friend from alabama knows, in terms of restructuring our legal immigration process. i am heart broken that we spend even a moment arguing amongst ourselves about the necessity of shutting down illegal immigration now. not tomorrow, not a week from tomorrow, not after the next election cycle, today. the few things that the united states constitution empowers the federal government to do requires that the federal government do, enforcing our border security is one. and we don't do that well. we have so many conversations down here, as the speaker knows, about all the things that the federal government should stick its nose into. as if we're going to do those well. what about the one the constitution requires us to do? which is secure our borders. you know, for me, the untalked about victim in the illegal immigration debate is the legal immigrant. have you ever been to a naturalization ceremony? do you have friends who have been

the amendment covers workers whose firms shift production to any country, any country including china or india, not just to countries with which the united states has entered into a free trade agreement. look, i don't think we should be treating workers who we're trying to help under trade adjustment assistance any differently if they don't fall within that category of only the 17 countries with which we have free trade agreements. so i think we should make sure that -- and, of course, this is one of the changes that the amendment will validate, that we're trying to help anyone in that category who has been so adversely affected. so i don't think we should limit it to just 17 countries. we trade with countries all over the world, and we should do our best within the limits of this legislation to make sure that it applies to a lot more than 17 countries. and that's the effect of the amendment. it would only cover the workers who lose their jobs due to trade with those 17 countries with which we have a trade agreement. in some ways, -- it is my own opinion on it, but it puts the burden on the wo

economies the brics nations that is brazil russia india china south africa could throw a lifeline to europe by possibly buying their debt by russia or already has forty five percent of its reserves in euro denominated assets can it actually afford buying more of europe's. would go to. the reserves are slowly growing we're buying something in addition all the time but in this case we're not going to buy bonds of risky countries mostly we're going to invest in the bonds of the european union the european financial stability facility therefore all money could comment support to the ground tease for the euro zone and in this case we're not taking the risk on the bar countries because we invest in the euro zone countries as a whole this mechanism will allow us to mobilize all resorts as we are ready to participate basically it's a non-argument of our investment instruments and it's quite secure we're also ready to provide. additional resources from the i.m.f. and through the i.m.f. help of supporting those countries so we can provide resources through the multilateral instruments the i.m.f. or the european financial stability facility it

or why they're doing it, as is the case with most companies. they're simply going to locate in china or taiwan or thailand or india or 100 other countries around the world that are very friendly and welcoming to employers who want to grow and expand businesses. and unless the united states changes this law and restrains the national labor relations board from making these kind of decisions, we're going to suffer greatly in job loss. so this is a great job-creating bill. i encourage my colleagues to support protecting jobs from government interference act that amended the nlra to prohibit the nlrb in future and pending cases from ordering an employer to close, relocate or transfer employment under any circumstances. this is an important measure, this will not just save 1,000 jobs in south carolina, this will save hundreds of thousands of jobs across this country. it will ensure that employers have greater freedom to make one of the most basic management decisions, where to locate a business. i reserve the balance of my time. the speaker pro tempore: the gentleman's time has expired. the gentleman from minnesota reserves. the gentleman from new

so we are suggesting, take a look at the unique challenges of china or brazil or india. and deal with them. used to be you take your cookie cutter out and poke it into the world and bingo, it would show columbia, perfect example. we don't have a cookie cutter anymore. we have to deal market to market, reality to reality and that is also the context of political response congress kids. >> and we've done that before they got examples where he been able to do this. we have to go back and find what worked in the past outside of tpa and use those principles and experiences again. >> i would like congress to give tpa to the united states. it's an appropriate response to article tuesday's possibility. i don't think congress is going to do it, though. >> just to be clear in the debate we had in the group, there was broad agreement in the best of all possible worlds for the president makes sense. it's a good thing. what we want to avoid is an ideological battle over him. as the u.s. want to go forward more trade agreements? that makes both sides hardened in their position. what w

india and the u.s. until three or four years ago it was hard to imagine american business people going anywhere else but china for choice and price. but the calculations are now fast-changing. >> it is more stable in the united states to manufacture. you know what the costs are going to be pretty much. used to be you came over here and everybody was willing to do anything. now it's harder to get them to cooperate with you. >> reporter: it's a growing trend across southern china's export belt with analysts reaching a startling conclusion. >> china as the world factory, i think the best time is behind us. >> reporter: as green prepared to return home, he was planning for the first time in years to create new jobs back in america. ian williams, nbc news, china. >> when we come back here tonight, an american company in the news for all the wrong reasons. how netflix made so many enemies out of so many customers. >>> tony here is your quarterback. you protect his blind side. when you look at him, think of how you have my back. how you have his. okay? all right, tony. go back. >> just part of a great performance. s

nations to prevent this but whether they can succeed or not is a matter of also of power projection on the ground diplomatically yes russia china india brazil even south africa have sent emissaries to syria and they're all involved in behind the scenes but at the end of the day it also could boil down to military pressure and there i think iran is important because the only deterrent preventing another libya like intervention from the west is the fact that iran supports the syrian regime although iran has asked the syrian regime to moderate its responses to the protests at the end of the day hizbullah and iran are there and they will materially prevent a takeover of syria the weight of us from powers have now pretty much taken over libya by hijacking the un resolutions. to protect civilians so it's important the brig also coordinate with the wrong and make sure that there is a peaceful transition of power we want democracy in syria but it should not be good on the libyan we which ended up with the cia did in terms of all the outcomes on the ground right now in the few years between the end of the gadhafi regime and the two cold of th

will create millions of jobs for hardworking americans right here in the united states, not in china or india or other countries. and will leave a lasting legacy of tangible improvements to our transportation infrastructure in this country. by passing a long-term re-authorization bill, americans will be able to see their tax dollars going towards rebuilding and strengthening our nation's highways, bridges, and transit systems. mr. speaker, i also had the privilege to chair the aviation subcommittee for six years. a strong and efficient aviation system is vital to our economy. and i am pleased that we are also extending our air transportation programs in this bill. i hope we will soon pass our traditional multiyear f.a.a. bill, too. i urge my colleagues to pass this piece of legislation and work towards passing a long-term re-authorization bill for both our surface transportation programs and our air transportation programs. with that, mr. speaker, i yield the balance of my time back to the chairman mica. the speaker pro tempore: the gentleman yields back. the gentleman from florida reserves.

the bigger problem, we hear people complaining about the fact their jobs are being exported to china, or indiaame problems that employed millions more people even 20 years ago don't employ a tenth of them today. >> well, that's why it's not a problem -- in a way, it's an opportunity. >> it's a problem if you were somebody who would have a job at a factory in 1993, but you don't in 2011. >> right. >> and so the question is, how do you fill jobs for those people? >> so if you look around the world, there are countries that are doing this much better than america, because they're actually spending money and saying, how do we take people mid career or people even in their 50s and give them the new skills they need to survive. >> who is doing that? >> germany is very good. britain has a scheme where they are now paying companies to take unemployed people and find them jobs that -- and they're paying them by results. if they can get the person into a job where they stay in the job for over a year, then they get paid. they don't get paid anything before that person has stayed and worked for a year. i

or higher is a radiologist in india to read x-rays, the expense would not be deductible. also, any business equipment such as a tractor, or a computer, or office furniture made in japan or china, would not be a deductible business expense and would not be depreciable. likewise, any materials, components, parts, or goods, purchased or were produced outside of america would not be allowed as cost of goods sold and would not be deducted from income under the internal revenue code. this would encourage american businesses to buy american. even if it cost a little more so they can deduct the full expense. american retailers will want to fill their shelves with american products so that when they make a sale, they only pay tax on the profit, not the difference between the sale price and the wholesale cost. it will reverse the effect of the policy that china imposed on american up. it will encourage foreign manufacturers to move their factories here, using american labor, so they can enjoy a better chance to sell to american retailers or businesses and to obtain investors to buy their stock. two, i would eliminate the foreign tax credit. that is section 27a of the internal revenue c

simultaneous invention of coinage in india in china and personal training now the maysan thing is that this isn't really an economic innovation the phoenicians for example or the free traders of antiquity didn't even use coins i'm told very late it was mostly to pay soldiers and actual cash makes sense if you think about it because if you have a bunch of marauding people stealing gold and silver of what's personally going to carry off you know you kind of move to cash that some soldiers the last person you're going to want to extend credit to if you're selling things any theories of war empire and slavery you move cash money. for about a thousand years that was the case from the five hundred b.c. to five hundred eighty. was a period of giant empires and empires used cash to pay their soldiers when the empires go away in the middle ages so does the cash flow gets locked up in temples and people go back to credit systems again we're used to thinking oh they reverted to border no it's not true at all. across from europe to china people are using complex credit systems which are denominated in money that no longer actually existed physically most of the time.