On May 13, 2007, the World Journal (世界日報 www.worldjournal.com), a leading Chinese newspaper publishing in the United States (U.S.), reports that three Chinese people are being suited by four leading book publishers because of selling international edition’s U.S. books in the U.S. The four leading book publishers included Pearson Education, Inc., John Wiley & Sons, Inc., Thomson Learning Inc., and The McGraw-Hill. The three people bought cheaper version of U.S. books from China then resell in U.S. through www.abebooks.com, an online marketplace for books. International edition’s books usually was stated that cannot be sold in U.S., and under the protection from Copyright Act, and Trademark Act, it is illegal to sell international edition of U.S. books in U.S. Companies, Inc. Read the rest of this entry »

April 02, the United States and the South Korea reached a free trade agreement which lifts tariffs on wide range of products except rice. The agreement is waiting to be approved by both countries’ legislature. This is the United States’ biggest trade deal since the North American Free Trade Agreement in 1993 and is the first trade deal with major Asian economy.

What products are included in the Agreement?

About 90 percent of both countries’ tariffs on industrial goods will be eliminated immediately and will be expanded to the remainder in three to 15 years. Two of the most notable goods in the agreement would be auto and beef.

In 2005, the United States trade deficit with the South Korea was about 16 billion dollars. Auto trade accounts more than 80 percent of it. Some 4,000 U.S. made vehicles were sold in the South Korean compare to 800,000 Korean made vehicle sold in the United States. In the agreement, Seoul promised to change its tax system on autos which will make U.S. cars less expensive to sell in Korea. Read the rest of this entry »

By H.W.C.

Oct 17, 2005

It Is Time to Save Gas

On September 1^st, three days after Hurricane Katrina came across the United States, I received calls from my friends, and they all asked me to fill up the gas of my car as soon as possible. They claimed that there would be a shortage of gasoline in the United State. That day, unfortunately, I had to wait thirty minutes in the gas station and pay one dollar more for each gallon of gasoline. The people in the gas station not only filled up the tanks but also the gas cans which they just bought from Home Depot. What was going on with the gasoline supply and demand in the United States? According to The New York Times, on September 1^st, the gas price hit as high as $5.85 per gallon in Atlanta and averaged more than $3 per gallon over the nation (Ramirez 3). Shortly after Hurricane Katrina came, Hurricane Rita came to the United States. Hurricane Rita gave another threat to gas prices in the United States. The Energy Information Administration (EIA) reports that the retail price of mid-grade conventional gasoline stayed between $2.83 to $3.13 per Read the rest of this entry »