UPS says no U.S. birthright to economic dominance

Discussion in 'The Latest UPS Headlines' started by cheryl, Dec 15, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    UPS says no U.S. birthright to economic dominance - Reuters

    Political gridlock is a huge roadblock threatening the U.S. economy and its global stance at a time when global trade is imperative for growth, Kurt Kuehn, Chief Financial Officer of United Parcel Service (UPS.N), told Reuters on Wednesday.

    "There's no American birthright to economic dominance," he said. "We can't afford to waste time with internal squabbles."

    "The important message to our employees is that the world has changed and America has to look externally to compete," Kuehn said. "It gives a terrible impression of the U.S. to our foreign partners," he said of the gridlock, and it is the single biggest barrier to consumer and business confidence.