World Business Exchange

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Issue: 9
   
   

WBE.Net Newsletter

Release Date: 11-20-07



Still the World's Bread Basket

    Congratulations to American exporters who sell agricultural products to the world.  For the month of September 2007 alone, the US exported 7.7 billion dollars worth of agricultural products to other nations, compared to imports of about 5.5 billion dollars.  This means that American sellers of what are referred to as "food and fiber" products are doing great business, and avoiding the trade deficits that affect our trade overall.  (However, even when you consider those overall deficits, the US still sold a record 1.4 trillion dollars in goods and services to the world last year - an all-time record - and 2007 is on track to beat that!  Just one more reason why WBE.Net Founder Roosevelt Roby proclaims that there's never been a better time for Americans to get into international trade - especially exports).

 

Time for the Elves to Come Out of Retirement?

    Import-Export Alert:  California Attorney General Jerry Brown is suing twenty companies for making or selling toys with dangerous amounts of lead.  In Brown's words, "Companies must assure that products they handle are safe for children and their families. Despite the lengthening global supply chain, every company that does business in this state must protect consumers from toxic materials."  Lead poisoning can cause learning disabilities, kidney failure, anemia and brain damage in children. This problem was once mainly caused by paint, so America abandoned lead paints years ago.  Not so in China.  The new threat to American kids is being caused by millions of toys - mainly from China. China is the world's top toy exporter, selling 22 billion toys to the world every year, or 60 percent of the globe's total.  Meantime the US government is moving to force China's exporters to have their products safety-tested before reaching US soil. 

 

WBE.Net Security Tip:

    Here are some facts that can protect you as you surf the worldwide web in pursuit of international trade opportunities:  Be careful what you advertise.  Today, an ever-increasing amount of personal information is available online, especially because people are creating personal web pages about themselves. When deciding how much information to reveal, realize that you are broadcasting it to the world.  Providing details about your hobbies, your job, your family and friends and your past may give attackers enough information to perform a successful social engineering attack.  (Source:  US Dept of Homeland Security).

Editor's Note:  For purposes of import-export, it would be wise to create a separate email address that is different from your personal or family email box - and have a firewall and malware protection that you keep updated!

 

Speaking of which, WATCH OUT FOR THIS ONE - IT'S A SCAM:

    This totally fraudulant email is being sent to people this week.  DO NOT be fooled by it.  It falsely claims to be sent by Bank of America, and the following lies are carried under the headline "Security & Privacy":

    "Dear Customer, To help our customers stay safe online, we've introduced some additional security measures.  Before you continue with your Internet session, for moment your account is limited, we need to ask you to update & unlock your account file information.  Please take time to confirm these information's required *, to find out more please visit our security centre.  The next screen you see will ask you to confirm your identity by completing the secure form.  If your account information is not confirmed within 72 hours then your ability to access your account will become restricted.  Thank for using Bank of America.  Note:  Please do not reply to this email." 

WBE.Net Newsletter Warning:  The above phoney email also tries to make you click a line marked "here."  That links you to some site named "shaheer.net."  They want you to give up your private information so they can steal your identity and loot your bank account.  We highlighted their spelling inaccuracies and threats in red.  Not a very professional job, but it will still fool a lot of people.  Delete this email.   We confirmed it is NOT from Bank of America and have alerted B-of-A's security team.

 

North American Trade Keeps On Truckin!

     With truck shipments leading the way, newly-released numbers from the Transportation Dept show the US did an all-time high in freight business with Canada and Mexico in 2006 - in both directions across both borders.  US-Canada-Mexico shipments totaled more than 866 billion dollars - roughly ten percent higher than 2005.  Nearly 475 million tons of goods made their way across borders by land, sea and air to and from locations in the US, Canada and Mexico in 2006.  No wonder Canada and Mexico are America's Number One and Two trading partners!
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