Saturday, April 18, 2009

What's Made in the USA: Parade.com/Intel,April 19,09

On page 10 in Parade Magazine:

America still produces more goods than any other country - $1.6 trillion worth, according to the federal Bureau of Economic Analysis. While some analysts predict that China will soon overtake the US as the world's leading producer, America currently accounts for about 20% of all manufacturing output. "We are losinig world market share relative to consumer goods, but we continue to have a fairly strong hold on higher-end paroducts like machinery, capital equipment, tractors, and aircraft, as well as chemicals and food," says Thomas Runiewicz, an economist with IHS Global Insight. Here are the top US products: -

Chemical products including pharmaceuticals, cosmetics, soaps, paints,and fertilizers Worth $250 billion in 2007, up from $174 billion in 2002.

Transportation equipment including motor vehicles and parts, aerospeace products, trains, and ships Worth $195 billion in 2007, up from $189 billion in 2002.

Precessed food, beverage,and tobacco products including cookies,coffee, cigarettees, and prepared meals. Worth $175 billion in 2007,up from $173 billion in 2002.

Computers and electronics including computer peripherals and communications equipment Worth $146 billion in 2007, up from $124 billion in 2002.

Page 23 Cartoon Parade:

In a hospital: "Now, instead of slapping newborns, we just show them their share of the national debt." The nurse in the maternity ward told the parents while the MD was presiding after a baby was born.

Francis Shieh aka Xie Shihao wishing to share such information to online readers of Sino-American Economics on Saturday,April 18, 2009.

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