President Trump’s tough approach to trade with China is a reminder that he’s an entrepreneur at heart. While Mr. Trump’s real-estate business is larger than the average independently held company, he has the instincts of a closely-held-business owner, which are quite different than those of a corporate chief executive.
Entrepreneurs—independent business owners—take calculated risks in pursuit of innovation, growth and job creation. That’s why their half of the economy is more dynamic than the half where risk-averse CEOs and boards prioritize share price and market share.
For decades, America’s approach to China’s bad behavior has been as cautious as a corporate CEO. Again and again, the U.S. has asked for concessions on currency manipulation and high tariffs, and called China out on its intellectual-property theft and flouting of World Trade Organization rules. Presidents from both parties have asked Beijing nicely to stop playing dirty. The Chinese always smile and say “yes,” and then continue doing what they’ve always done.
As a member of President George W. Bush’s Export Council, I traveled to China in 2004 to participate in talks that led nowhere. I watched the frustration of my colleagues as we tried the usual diplomatic approach and Chinese officials brushed us off. I recall thinking it was like Stockholm syndrome—we didn’t push harder because we didn’t want to upset the people who were clearly aspiring to dominate us.
Seeing Mr. Trump change the game and play hardball by imposing tariffs is unsettling to the cautious leaders of the corporate community, but small-business owners understand and appreciate it. The reasons are twofold: First, big businesses are the ones with something to lose since the Chinese government does business only with the biggest American companies. Second, big business is inherently risk-averse, and the president is taking risks by imposing tariffs.
The small-business community is watching President Trump’s gambit with admiration. They have little to lose and appreciate a man who knows that playing to win means embracing the risk of losing. Even farmers tend to cheer the president’s approach on principle—both because they relate to his style and because they know he is fighting for them, as Americans.
The political establishment is a lot like the big-business community—risk-averse and satisfied with a slow, safe pace. As long as the establishment (on the right or the left) was in charge of the U.S. relationship with China, nothing was going to change.
As a disrupter, Mr. Trump startles the political and corporate establishments. Their complaints about his approach to China are reminiscent of fears about President Nixon’s engagement in 1972.
Those of us in the small-business community recognize the president’s entrepreneurial grit, and his willingness to fight the bullies and the cheaters. That’s why we cheer his tough stance on China.
- Mr. Barreto is Chairman of The Latino Coalition. He served as administrator of the Small Business Administration, 2001-06.
Source: Wall Street Journal
WASHINGTON, DC– The Latino Coalition (TLC) released the following statement regarding the United States’ Announcement on a deal with Canada and Mexico to lift retaliatory tariffs:
“Today’s announcement to remove the tariffs for steel and aluminum imports from Canada and Mexico, and to lift retaliatory tariffs imposed on American goods by those countries, is a major win for the U.S. economy.
“This announcement removes a key obstacle in approving a solid, modern trade policy like USMCA— an agreement that will benefit American farmers, manufacturers and small business owners. The Latino Coalition calls on Congress to act swiftly and pass the USMCA and acknowledge the special role and contributions of businesses in international trade. Failure of our Congressional leadership to act will potentially damage our flourishing economy, and lead to unnecessary negative consequences for American consumers and businesses,” said TLC Chairman and former U.S. Small Business Administrator, Hector Barreto.
ABOUT THE LATINO COALITION- The Latino Coalition (TLC) was founded in 1995 by a group of Hispanic business owners from across the country to research and develop policies and solutions relevant to Latinos. TLC is a non-profit nationwide organization with offices in California, Washington, DC and Guadalajara, Mexico. Established to address and engage on key issues that directly affect the well-being of Hispanics in the United States, TLC’s agenda is to create and promote initiatives and partnerships that will foster economic equivalency and enhance and empower overall business, economic and social development for Latinos.
USMCA trade agreement will help the US economy: Hector Barreto
Hector Barreto, former head of the Small Business Administration, says the U.S. economy will benefit from the new NAFTA trade deal.
It’s National Small Business Week Opens a New Window. , and there is plenty to celebrate – whether you own a small business, work for one Opens a New Window. , or are simply enjoying the benefits of an economy Opens a New Window. that is made healthier and more stable by the establishment and growth of small firms.
While the ups and downs of the Main-Street-business sector don’t make headlines like the publicly-owned companies of Wall Street, the business health and sentiment of entrepreneurs is every bit as important to America’s economic strength. The small-business sector hasn’t always been as strong as it is today.
According to recent data from the National Federation of Independent Business (NFIB), small business hiring is so robust that business owners are having trouble finding enough qualified employees. According to NFIB, the small-business sector today is optimistic and highly productive.
Just a few years ago, many entrepreneurs felt that business ownership wasn’t worth it – the environment for starting and running a business felt bad enough that more Americans were closing businesses down than starting new ones. This negative turn in business dynamism, coupled with persistent pessimism in the small-business sector, was a bleak sign for future economic growth and job creation.
In the last two years, small-business optimism has turned around, dramatically. A federal public policy agenda that includes regulatory and tax relief has created an environment where America’s small-business owners feel hopeful once again.
Optimistic entrepreneurs do incredible things for an economy. They grow teams and take productive risks, including expanding inventories and investing in the development of new products or services.
Those who know the power of the small-business sector have not been one bit surprised by the recent government jobs reports, which have shown two years of robust job creation and a steady decline in unemployment across every demographic group. Those who only watch the stock market may be skeptical – but it is Main Street that creates two-thirds of America’s net new jobs, not Wall Street.
Will this new heyday for small business last? All Americans must hope so, because there is truly nothing “small” about small business.
History tells us that while government cannot create or grow small businesses (or the jobs that Main Street generates), our leaders do have quite a bit of influence over whether the environment is conducive to entrepreneurship.
If leaders in Washington, D.C., and in state capitals, can keep taxes low and regulations reasonable, America’s small-businesses sector will continue to feel optimistic. Entrepreneurs will continue to start and grow businesses, create new jobs and play their incredible role in making our economy the envy of the world.
By creating the right environment, every week can be Small Business Week.
Hector Barreto is Chairman of The Latino Coalition and former Administrator of the U.S. Small Business Administration.
Source: Fox Business
Wilbur Ross: USMCA is so superior, not only to old NAFTA but any trade agreement we've ever had Commerce Secretary Wilbur Ross on USMCA and efforts to streamline the process for improving America's infrastructure.
“Protectionist” and “anti-immigrant” are words regularly used by President Donald Trump’s Opens a New Window. critics. Yet top administration officials – up to and including Vice President Mike Pence – are developing and promoting innovative and practical policies to facilitate free trade Opens a New Window. and increase legal immigration. This begs the question: What is the fair, accurate story of the Trump administration Opens a New Window. on these consequential, international economic issues?
The real story is hard to find, but it is one of thoughtful, and relatively traditional, policy development. It does not fit the more sensational, click-bait narrative preferred by Trump’s political opponents and many media outlets. And while proposed policies of the Trump administration on immigration and trade may not please everyone (Democrats in Congress remain dogmatically opposed to any significant proposal that comes from the other end of Pennsylvania Avenue), they are unlikely to be extreme in any direction. The story of these policies isn’t a page-turner or fodder for media click bait, but it is a good one for the U.S. in terms of economic growth and position in the world.
For example speculation and coverage about NAFTA’s demise, when based mostly on the president’s provocative speeches and Tweets, and not on the actual work of negotiations, was wildly fun for the media and for Trump’s critics (and, presumably, for Trump as well). When the breathless coverage was then met with the reality of the newly negotiated USMCA (United States-Mexico-Canada Agreement), the story wasn’t exciting anymore. USMCA is, simply, solid and modern trade policy – already agreed upon by negotiators from all three nations – that will benefit American farmers, manufacturers, and small-business owners. The impact of this agreement, if approved by Congress, will be tremendous for economic growth and job creation. How dull. No wonder we aren’t seeing more headlines about USMCA, in spite of how important it is that Congress move forward in approving the agreement.
The White House has recently dispatched Vice President Pence to the manufacturing Midwest to talk about USMCA, in the hopes that more attention will be paid to this critical new trade policy. Putting a Vice President on a road trip is a major commitment when it comes to policymaking. In this case, it is evidence that the Trump administration is dedicated to replacing NAFTA with a deal that is a dramatic improvement on an outdated one. The media and critics find this terribly boring, so you’ll have to dig deep to find the coverage.
On immigration, the story is unfortunately written on a red-hot surface of real pain, real discord and real crisis. Opponents want to hate Trump on all things immigration. But we have recently learned that Jared Kushner is quietly working on an immigration reform plan that addresses two things most Americans agree on: the need for better border security and the importance of increasing skilled, legal immigration. Development of this plan was born out of a process that has been used by White House policy writers from both parties, for decades: the invitation of groups representing all sides of the issue to the White House for discussions and idea sharing. How tiresome of Mr. Kushner to be so deliberative and thoughtful; he makes it impossible to write a sensational headline.
Looking for the true, fair story of President Trump on trade and immigration is like trying to listen to an acoustic guitar player standing next to an electric guitar rocker with an amplifier. One is so loud, it is almost impossible to hear the other. It is important for everyone who cares about trade and immigration to remember that what they read and hear, on one side, is powered by disgust, politics and profit. What they must lean in to hear is normal, healthy economic policy.
Hector Barreto is Chairman of The Latino Coalition and former Administrator of the U.S. Small Business Administration.
“Latinos are finding their economic legs under the Trump administration, leading the surge in home ownership and income growth and record low poverty rates, according to two comprehensive new surveys,” Paul Bedard reports in the Washington Examiner.
Hispanics “have seen their third consecutive year of income growth and have a higher workplace participation rate . . . Within the next five years, Hispanic median income will triple,” according to the National Association of Hispanic Real Estate Professionals.
See 7 big trends for Latinos under President Trump.
“The S&P 500 and Nasdaq Composite had their highest closings on record Tuesday, marking a resurgence for the stock market,” Michael Wursthorn and Jessica Menton report for The Wall Street Journal. “The S&P 500 is up 17%, its best kickoff to a year since 1987, while the Nasdaq has gained 22%, its best start since 1991.”
“As Lockheed Martin readies production of the F-16 at its new home in Greenville, unexpectedly high demand for the fighter jet has officials saying up to 400 people will be hired for the work,” Anna Mitchell writes for Greenville News. “When we are able to do a ribbon cutting like this, it means great jobs, great wages for this community, but it also strengthens our alliances around the world,” White House Director of Trade and Manufacturing Policy Peter Navarro said.
“A massive caravan of approximately 10,000 migrants traveling through Mexico in hopes of reaching the United States is expected to arrive in Mexico City this week, according to local media reports on the group's movements,” Anna Giaritelli reports in the Washington Examiner. “The group has been described by Mexico's Interior Secretary Olga Sanchez Cordero as ‘caravana madre,’ which has been widely referred to as the ‘mother of all caravans’ in American media.”
U.S. Border Patrol officials found an abandoned toddler with only a phone number written on his shoes near the U.S.–Mexico border yesterday, Julia Ainsley reports for NBC News. “Rudy Karish, the chief Border Patrol agent in the Rio Grande Valley, said he believes the boy was left by smugglers.”
Source: West Wing Reads
The Tennessee Chamber of Commerce & Industry has filed a very strong letter with the FCC in support of the T-Mobile-Sprint merger. In general, the merger with Sprint will only continue T-mobile's legacy of creating jobs and spurring economic growth in our region. Read the letter to the FCC at http://ow.ly/6uT930ou0yj
Every hammer and every nail contribute to laying the foundation of a new life for SA Youth students. The SA Youth YouthBuild program provides a second chance for unemployed young people ages 16-24 who dropped out of high school. Jennifer Casarez, 19, has a two-year-old daughter at home who she credits for motivating her to start over and finish her education.
“[Had it not been for YouthBuild], I most likely would have more babies and just be a dropout,” she said. “I’m so grateful for them offering me this program.”
Casarez was one of a handful of students constructing a house at the corner of Morningview and Bookertee on the east side. It’s scheduled to be completed next month and will immediately go on the market to be sold to a first-time home buyer, veteran, or low-income family. Students will graduate in June with more than just a diploma in hand.
“If they choose to go into this market, they’ll have stackable credentials which is your OSHA 10, the construction certification, and all your safety certifications,” said YouthBuild Director Michelle Hutchinson.
As they complete the structure and framing of the house, students are affirmed in realizing the challenges of their pasts will no longer dictate the trajectory of their futures.
For more information or to support SA Youth, click here.
Author: Jon Coker
Published: 11:50 PM CDT April 9, 2019
Updated: 11:50 PM CDT April 9, 2019
Original article is at https://www.kens5.com/article/features/producers-picks/second-chance-students-build-homes-from-scratch/273-fa581002-81db-4dcc-a093-22ec41d44a01
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