Deficit At All-Time High
The U.S. trade deficit hit
a record high of $66.1 billion
for September, the government
reported Thursday. Further,
exports fell 2.6%, imports
rose 2.4%. Essentially, the
U.S. exported $105 billion
in goods/services and imported
$171.3 billion in September,
according to the Bureau of
Economic Analysis. Some of
the blame was due to the dollar,
which has reversed a two-year
slide and made European imports
cheaper and American goods
more costly. Not surprisingly,
September imports from China
were a record $23.3 billion
vs. $3.2 billion in U.S. exports
there. Walt Geer, president
Direct, a firm dedicated to helping
industry firms import from China,
calls the economics “irresistible.
In many cases we find superior quality
at a dramatically reduced cost."
will the deficit affect the promotional
products industry? Randy Chen, president
of Impax International Inc., another
firm that helps promotional products
companies import from China, says yes,
but not to a major degree. “To
put it simply, since the majority of
products are produced in China, it
helps keep our industry healthy and
suppliers and distributors more profitable.” Geer,
too, sees no hugely detrimental backlash
unless the U.S. institutes protectionist
policies against China, which would
severely affect imports.
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Industry In The News
Wild River Custom Screenprinting (asi/360193) was profiled in depth
in the Newtown(CT) Bee.
mentioned in a Pittsburgh
about attracting lower-wage
Willis and his company, Narragansett
Accessories Co. (asi/279857)
were mentioned in the Providence (RI) Journal on
the effectiveness of logoed
Express Incentive Services
recently mentioned on MarketWire.com.
Bergen, president of Debbie
Bergen Promotional Products
named the 2005 woman of the
year by the Midland, TX Hispanic
Cintas Corp. (asi/162167) was presented with the Illinois Governor’s
Pollution Prevention Award for its achievements in helping the economy and protecting
the environment by upgrading its wastewater treatment systems in Romeoville,
Premier Advertising Specialties
(asi/298475) is in the
top five finalists for the Fort
Smith, AR Outstanding Business
of the Year Award
The address for
2006 Idea Showcase
card. The correct
Plaza Ste 220,
A free keynote
an exclusive Blue
Man Group performance
for ASI members,
about the ASI
the ASI Show Web
site for more
the best-attended ASI
There are five
Show hotels now
accepting reservations through
G.R.I., the official
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Show. The ASI
for rooms at
the Wynn Resort — giving
ASI members the
to enjoy the
resort a special
hotel is sure
to sell out quickly;
make your reservations
For more information
on the ASI
Show, visit www.asishow.com
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Specialty Graphic Imaging Association
Phoenix Civic Plaza/Convention
Center, Phoenix, AZ
Info: (703) 385-1335; Fax: (703)
Jan. 3-5 ASI Show Orlando
Orange County Convention Center,
Info: (800) 711-7932; Fax: (972)
Promotional Products Association
Las Vegas, NV
Info: (972) 252-0404 www.ppa.org
Document Management Industries
1/10 Charlotte, NC; 1/25 Nashville,
TN; 1/26 Atlanta; 1/31 Foster
Info: (703) 836-6232 www.dmia.com
International Trade Show for
Prasent Service Institut (PSI)
Messe Dusseldorf, Dusseldorf,
Info +49 (0) 211 9 01 91 firstname.lastname@example.org
East Coast Super Showcase
16/New England Showcase; 17/Metro
New Jersey Showcase; 18/MidManhattan
Showcase; 19/MidAtlantic Showcase;
20/Nation’s Capital Showcase
Info: (603) 627-8888; Fax: (603)
Jan. 16-27 Advantages Roadshow
Pacific ASI Show
1/16 Seattle; 1/17 Portland,
OR; 1/18 Sacramento, CA;
San Jose, CA; 1/20 San Francisco
Info: (800) 546-3300; Fax: (800)
Imprinted Sportswear Show (ISS)
Long Beach Convention Center,
Long Beach, CA
Info: (562) 436-3636 www.issshows.com
If you'd like us to send Counselor
PromoGram FREE to anyone else at
your company (or to your off-site sales
reps), just send us a list of email addresses
to CounselorPromoGram@asicentral.com and
we'll take care of the rest.
Bucks County Technology Park, 4800 Street Road,
Trevose, PA 19053