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NEWS
January 18, 2012 | By Marc Lifsher
Boosted by escalating demand from Asian imbibers, U.S. and California wine exports for the first 11 months of last year have broken the previous record for all of 2010. The California Wine Institute was so excited with the growth in the value and size of shipments that it announced the achievement Wednesday, instead of waiting to release the full 2011 year-end statistics later this year. California grape growers, wineries and exporters account for 9 out of every 10 bottles of U.S. wine sold overseas, the San Francisco-based wine institute said.
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WORLD
April 6, 2014 | By Carol J. Williams
MOSCOW - It can take Moscow residents two hours in dense traffic to drive the first 10 miles on the highway to St. Petersburg, in the direction of their country cottages surrounded by lakes and birch groves. Then the road's real limitations become apparent. The potholed two-lane route connecting Russia's two largest cities has never been upgraded into a proper highway. Anyone who cares to drive its entire 440-mile length - mostly truckers - will need at least 12 hours. But 5,600 miles away, the government spent more than $1 billion on less than a mile of bridge connecting Vladivostok with Russky Island, previously inhabited only by a military garrison so isolated that four soldiers starved to death in 1992.
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BUSINESS
April 12, 2012 | By Ronald D. White
Consistently strong demand for California exports has helped the state reverse a long-term decline in manufacturing jobs, according to a report released by Beacon Economics. The report said California has had an unbroken string of year-over-year export increases from November 2009 through February of this year. The value of goods shipped abroad by California businesses in February reached $12.85 billion, up 9.2% from the $11.76 billion in exports reported in February 2011, according to the Beacon Economics analysis of U.S. Commerce Department trade statistics.  California's exports of manufactured goods grew 9.1% to $8.22 billion, while non-manufactured exports, which are mostly raw materials and agricultural products, were up 3.6% to $1.61 billion.
BUSINESS
March 30, 2014 | By Stuart Pfeifer
Most people may take natural gas for granted. It fuels the flame on your stove, fires your furnace. It's there when you need it. For Sempra Energy, natural gas is big business. The San Diego company owns Southern California Gas Co., the nation's largest natural gas distribution company, and San Diego Gas & Electric, one of the largest publicly owned power companies in the country. Sempra reported net income of $1 billion last year on revenue of $10.6 billion. It has 17,000 employees worldwide and provides energy to more than 30 million people.
BUSINESS
January 13, 2012 | By Ronald D. White, Times Staff Writer
California's exporters are expected to have a record year in 2011, surpassing the old mark set during 2008. With December numbers still to be tallied, the state exported another $14.07 billion in goods in November, according to Beacon Economics' monthly California Trade Report. That was a gain of 12.7% over the same month the previous year, the report said. It also brought the 2011 total to $145.81 billion. “Even in inflation-adjusted terms, 2011 will easily turn out to be the best year ever for California's export trade,” said Jock O'Connell, Beacon Economics' International Trade Advisor.
BUSINESS
August 9, 2012 | By Ronald D. White
California's exporters enjoyed a big month in June, posting impressive gains compared to the same month a year earlier, according to an analysis by Beacon Economics of foreign trade data released Thursday by the U.S. Commerce Department. The gains came in spite of the fact that the value of the U.S. dollar rose in comparison to other world currencies, making U.S. goods more expensive overseas, the report said. The strong showing also came even as many customers of U.S. goods were in the throes of weak economic recoveries.
WORLD
November 13, 2010 | By Christi Parsons, Los Angeles Times Staff Writer
President Obama pledged Saturday that the U.S. is "here to stay" among the most rapidly growing economies of the world and wants to share in the benefits of expanding global trade. But other nations shouldn't assume their way to prosperity will be "simply paved with exports to America," Obama told a gathering of business leaders here. U.S. exports to Asia's Pacific Rim nations have grown by more than 60% over the last five years, Obama said, yet its overall share of trade has gone down.
BUSINESS
April 13, 2012 | By David Pierson, Los Angeles Times
HUIZHOU, China — Tony Zhang used to make cents on the dollar churning out cheap sneakers for Wal-Mart. And like every other low-margin exporter in China's manufacturing heartland, he was struggling to keep pace with rising costs for labor and raw materials. Rather than run his business into the ground with ever-shrinking profits, the Taiwan-born Zhang decided to upgrade his operations. His factory just outside Shenzhen now makes specialty footwear, including fire retardant boots, steel-toed shoes and soccer cleats.
BUSINESS
January 25, 2013 | By Ricardo Lopez
U.S. beef and pork exports are on a pace to set records for value, according to the U.S. Meat Export Federation. With only December left to be recorded, U.S. beef exports in 2012 through November, while down 11% in volume, were still 2% above 2011 in value. Beef exports totaled $5.05 billion.  The punishing Midwest drought last year affected the livestock industry, which saw feed costs skyrocket. "Volume has been an issue for beef exports all year," Philip Seng, president of the U.S. Meat Export Federation, said in a statement.
WORLD
November 27, 2012 | By Emily Alpert
As Japan grapples with its neighbors over contested islands, Japanese goodwill toward China and South Korea has hit record lows, a new government survey has found. Disputes over the Senkaku and Takeshima islands -- known by other names to China and South Korea -- has already taken an economic toll, helping drag down Japanese exports to their lowest point since the economic slowdown three years ago, Bloomberg News reported last week. Shipments to China, the biggest market for Japanese exports, slumped 11.6%.
BUSINESS
March 26, 2014 | By Ricardo Lopez
The World Trade Organization on Wednesday said that China's restrictions on the exports of rare earths -- raw materials commonly used in the manufacturing of electronics -- violate trade rules. China had argued that the restrictions, which included export duties and quotas, were in place to conserve exhaustible natural resources, but other countries disagreed. The United States two years ago complained to the World Trade Organization about the restrictions, arguing that they artificially raised the prices of rare earths for other countries and gave preferable pricing to Chinese manufacturers.
NATIONAL
March 22, 2014 | By Ralph Vartabedian
In a Louisiana swamp several miles upriver from the Gulf of Mexico, about 3,000 construction workers are building a massive industrial facility to liquefy natural gas, preparing for a new era when the U.S. will begin exporting energy around the globe. The $12-billion project is one of the largest single industrial investments in the nation, part of a massive transformation of the energy sector that has led to a boom in drilling, transportation and refining from coast to coast. Five years ago, the idea of exporting U.S. gas and oil was not only unheard of, but, in the case of most U.S. crude oil, illegal.
BUSINESS
March 15, 2014 | By David Pierson
FALLON, Nev. - The dairy plant with its tangle of stainless steel pipes rises out of the parched landscape here like a beckoning oasis. Perched on the outskirts of this desert town dotted with small churches and roadside casinos, the factory represents a potential lifeline for nearly two dozen nearby dairy farmers. In a few weeks, every drop of milk collected from the surrounding farms will be brought to the plant and converted into fine powder inside a towering heating chamber specially made for the $85-million facility.
CALIFORNIA | LOCAL
March 14, 2014 | By Robin Abcarian
Eventually, the idea that it's OK to be against gay marriage because of your religious beliefs is going to seem as silly as opposing interracial marriage because you weren't raised that way. Eventually gay marriage will be as normal as interracial marriage, which, don't forget, was  illegal in many states until 1967 . Even conservatives, despite the pronouncements of party elders, are coming around. Last week at the CPAC conference, the generational divide was on vivid display.
BUSINESS
February 26, 2014 | By Marc Lifsher
SACRAMENTO -- Wine exports from the United States, mainly from California, generated a record high revenue of $1.55 billion in 2013, the Wine Institute reported. It was the fourth record in a row for foreign sales when ranked by value, the San Francisco trade group said. Total sales, 90% from California wineries, were up 16.4% over 2012. QUIZ: How much do you know about California's economy? "Consumers across the globe continue to recognize the quality, diversity and value of California wines, despite significant trade barriers and heavily subsidized foreign competitors," said Wine Institute President Robert P. Koch.
NEWS
February 17, 2014 | By S. Irene Virbila
Small wonder French wine producers are looking forward to this year's biennial wine fair Vinexpo Asia-Pacific in Hong Kong. According to the French wine trade body FEVS (Féderation des Exportateurs de Vins & Spiritueux), in a story reported by the British Wine magazine Decanter , French wine exports in 2013 were down by 3.1% in volume. (The sales value was just 0.1% less.) Interestingly, the volume of low-priced exports eroded the most, a whopping 17.3%. Champagnes and higher-priced wines with A.O.C.
OPINION
May 13, 2011 | By Dimitri B. Papadimitriou
One school of thought about the so-called jobless recovery of the American economy blames high unemployment on the federal deficit. But that's blaming the wrong deficit. To achieve an authentic recovery that includes new jobs, the deficit we need to cut is in trade. For 20 years, America's exports have been surpassed by its imports, with a big bite of that trade deficit composed of oil imports. Addressing the imbalance could have a huge effect on the job market, but only if it goes beyond reducing imports.
BUSINESS
November 7, 2012 | By Ronald D. White, Los Angeles Times
If you're wondering what happened to cheap U.S. fuel, look to Mexico, Canada and even OPEC member Venezuela. U.S. refiners are selling diesel and gasoline to those and other countries at historically high levels, making the nation a net exporter of fuel for the first time since 1949, according to the Energy Department. Such enthusiastic exporting is one of the reasons that gasoline and diesel prices have been so high, energy experts say. Consumer advocates see it as harming motorists because gallons exported aren't available to U.S. gas pumps.
BUSINESS
February 12, 2014 | By David Pierson
The developing world has largely usurped U.S. manufacturing, but emerging economies are increasingly big customers of American farmers. Between 2000 and 2013, American fruit, grain, meat and dairy sold overseas nearly tripled to $140.9 billion, making agricultural products one of the hottest exports in the last decade, according to a U.S. Department of Agriculture report released Wednesday. Developing countries with growing middle-class populations and strengthening currencies powered the binge on U.S. food, which has been a boon for California almond growers, Iowa soybean farmers and others.
SCIENCE
January 20, 2014 | By Tony Barboza
China's export industry is responsible for dirty emissions that are blowing across the Pacific Ocean and contributing to smog in the United States, a new scientific study says. About one-fifth of the pollution China spews into the atmosphere comes from producing goods for export to the United States and other countries, according to the paper by a group of scientists that was published Monday in the Proceedings of the National Academy of Sciences . Winds blow pollutants from Chinese power plants and factories across the Pacific in about six days, where they boost levels of smog in the United States.
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