World News and Trends: Potential trade war between America and China
USA Today reporter David Lynch writes: "After years of inconclusive skirmishing, trade tensions between the United States and China are about to intensify . . . "
USA Today reporter David Lynch writes: "After years of inconclusive skirmishing, trade tensions between the United States and China are about to intensify . . . On Capitol Hill, lawmakers from both [major political] parties have drafted legislation designed to punish China for trade practices they say violate the Asian giant's international commitments and leave American companies at a profound competitive disadvantage. A bilateral trade deficit that yawns wider with every year is fueling the push for action" (June 13, 2007, emphasis added throughout).
Warnings that such congressional action could backfire substantially came from respected bankers. After all, duties imposed on Chinese goods would immediately bring higher prices for the American consumer. A Shanghai newspaper, Jiefang Ribao, summed up the overall effect: "Once a trade war breaks out, it will be devastating for China and the United States."
Even if sensible restraint averts any negative economic repercussions, the problem of how to address America's huge trade imbalance with China remains. The first quarter of 2007 showed a nearly 20 percent increase in the imbalance over the previous year. Juggling finances between large nations and groups of nations in this supercompetitive world constitutes an ongoing worry for all concerned. (Source: USA Today.)
An Article from:
Good News Magazine: July - August 2007
Course Content
Jerold Aust
Jerold Aust has served in the ministry for 52 years, as a public speaker for 58 years, a published writer for 38 years, and is employed by UCG’s Media and Communications Services. He is a Senior Writer, interviewer, and editor for Beyond Today Magazine and has taught Speech Communication for UCG’s ministerial online program and the Book of Revelation for ABC.
Jerold holds a BA in theology from Ambassador College, Pasadena (1968), an MA in Communication from California State University, Fullerton (1995), a distance-learning Ph.D (2006), and a Famous Writers School diploma in non-fiction writing (1973). Additionally, he studied post-grad communication at University of Southern California (1995), radio, TV, voice-overs, and Public Relations at Fullerton College (1995-1996), and graduate communication at Wichita State University (1978). Jerold has taught communication at the University of South Alabama (7 years) and ABC (17 years). His published works include, Ronald Reagan’s Rhetoric: Metaphor as Persuasion and EZSpeakers: Public Speaking Made Easy in 7 Steps. Jerold's overarching goal is to share with humankind its incredible destiny!
John Ross Schroeder
John died on March 8, 2014, in Oxford, England, four days after suffering cardiac arrest while returning home from a press event in London. John was 77 and still going strong.
Some of John's work for The Good News appeared under his byline, but much didn't. He wrote more than a thousand articles over the years, but also wrote the Questions and Answers section of the magazine, compiled our Letters From Our Readers, and wrote many of the items in the Current Events and Trends section. He also contributed greatly to a number of our study guides and Bible Study Course lessons. His writing has touched the lives of literally millions of people over the years.
John traveled widely over the years as an accredited journalist, especially in Europe. His knowledge of European and Middle East history added a great deal to his articles on history and Bible prophecy.
In his later years he also pastored congregations in Northern Ireland and East Sussex, and that experience added another dimension to his writing. He and his wife Jan were an effective team in our British Isles office near their home.
John was a humble servant who dedicated his life to sharing the gospel—the good news—of Jesus Christ and the Kingdom of God to all the world, and his work was known to readers in nearly every country of the world.
