Lower Trade Deficit?
The U.S. trade deficit narrowed in April as Americans cut back on purchases of
foreign-made goods, including TVs, toys and telecommunications equipment.
The Commerce Department reported Thursday that the trade imbalance shrank by 2.7 percent in
April to $32.2 billion.
In April, exports of goods and services fell by 2 percent to $86.9 billion, while imports declined by
2.2 percent to $119.1 billion. Another factor contributing to the slimmer deficit: The average price for
a barrel of imported crude oil in April dipped to $21.65, the lowest since November '99.
Even though total exports declined, sales of U.S.-made consumer goods to other countries rose to a
record $7.9 billion in April. Consumer goods include toys, clothing and furniture.
But exports of capital goods, such as airplanes and semiconductors, fell to $27.9 billion in April, the
lowest level since March of last year.
America's continuing trade deficits represent a political challenge for President Bush, who is trying to
overcome resistance in Congress to granting him the negotiating authority he needs to strike a new
free-trade agreement with all the democratic nations in the Western Hemisphere.
Bush argues that American companies have no choice but to compete in the global
economy, but critics contend that lower trade barriers subject American workers to unfair competition
from low-wage countries with lax environmental standards.
This Week on Emerging Company Report-
Precision Cleaning with Ice Blasting; Software Defined Radio Telecommunications
Hollywood, CA-Emerging Company Report is the nationally syndicated television program profiling
emerging-growth companies (http://www.emergingcompany.com), featuring informative interviews
with the CEOs, insights into their operations and outlooks for their futures.
Featured companies this week include;
Rory Clarke, Chairman of Universal Ice Blast, Inc. (OTC-UIBI) spoke of his company’s patented
ice-blasting technology, whereby precision industrial cleaning is performed by blasting tiny particles
of ice instead of sand. “The process is much more environmentally friendly”, said Clarke. “We have
an agreement with Ford Motor Company (NYSE: F), which has been testing and proving our process
in their transmission facility. We are expecting our first P.O. from Ford soon”.
Roger May, CEO of Advanced Communications Technologies, Inc. (OTC-BB: ADVC) appeared on
the program via satellite from Melbourne, AU and spoke of his company’s Software Defined Radio
technology platform for next generation wireless telecommunications products, known as
SpectruCell. “Through eliminating the use of Qualcomm chipsets, SpectruCell provides for
simultaneous support of multiple mobile communications protocols”, he said. May also announced
the company had finalized an initial agreement to form a strategic business alliance with RLM
Systems Pty Ltd, a joint venture owned by Lockheed Martin (NYSE: LMT ) and Tenix Australia Pty
Ltd.
Free information packages from the featured companies can be requested by sending an email to
info@emergingcompany.com.
Viewers of Emerging Company Report can receive free information in the mail about featured
companies by calling the toll-free phone number on their TV screen. The weekly television program
debuted in 1996 and is seen nationally on Friday evenings at 11:00 ET, 8:00 PT, Saturdays at 4:00
PM ET, 1:00 PM PT and Sunday mornings at 11:00 ET, 8:00 PT. It also airs in New York on
Thursdays at 11:30PM and Saturdays at 6:00PM. The program is broadcast to over 30 million cable
TV homes in more than 300 cities nationwide.
A complete menu of cable TV channels is available at the Emerging Company Report web site,
emergingcompany.com, where the weekly program may also be viewed "On-Demand" on
any computer .
Emerging Company Report television program, Copyright 2001, all rights reserved. Emerging
Company Report does not provide an analysis of companies' financial positions and is not soliciting
to purchase or sell securities of the companies, nor are we offering a recommendation of featured
companies or their stocks. Information discussed herein has been provided by the companies and
should be verified independently with the companies and a securities analyst. Emerging Company
Report has been paid a cash fee of $11,500.00 by the featured companies, does not accept company
stock as payment for services, does not hold any positions, options or warrants in featured companies
and the information herein is not an endorsement by the producers, publisher or parent company of
Emerging Company Report. |
