“Investment, invention and challenges from China top this week’s “America’s Business with Mike Hambrick,” as we also head to the races with ShopRats.org.
In a last-minute addition to the farm bill, the House passed a $7.5 billion tax increase on foreign companies with business operations in the United States. Todd Malan of the Organization for International Investment joins host Mike to detail how these taxes will discourage jobs-creating investment.
Santokh Badesha has achieved a remarkable record at the Xerox Corp., recently receiving his 150th U.S. patent, with more to come. President Bush just honored Badesha and his Xerox colleagues at a White House ceremony for National Medal of Science and Technology recipients. Badesha joins Mike to explain where all this innovation and invention comes from.
In a segment about facing challenges from China, “America’s Business” considers counterfeiting and quality. Fake Chinese products were threatening the reputation of Task Force Tips, a leading manufacturer of fire suppression equipment, as well as the safety of their customers. The company’s president, Stew McMillan, tells us how he fought back — successfully. And Paul Midler, founder and president of the supply-chain services company China Advantage, contemplates the Chinese practice of “quality fade,” boosting profits by cutting corners on quality.
Shop Rats is a Michigan-based group that celebrates rolling up your sleeves and getting to work, encouraging young people toward careers in engineering, manufacturing and construction. Benefiting the group’s educational efforts Saturday, August 18th, is a “Manufacturers Day at the Races,” held in conjunction with the NASCAR Busch Series CARFAX 250 race at the Michigan International Speedway. Bringing us up to speed on Shop Rats’ activities is its founder, Chris Salow.
In our regular segments, Renee Giachino of the American Justice Partnership reviews this week’s participants in U.S. tort battles; the NAM’s Hank Cox examines “The Way Things Were”; and NAM President John Engler closes with his “The Last Word” commentary on the need to renew Trade Promotion Authority.
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