Evans, the manager of Bush's presidential campaign, was tapped by the president-elect December 20 for the Commerce post, where, should he be confirmed, he will be charged with overseeing domestic commerce, international trade agreements, import and export levels, fisheries policy, the National Oceanic and Atmospheric Administration, the Census Bureau and the National Weather Service.
CNN: Senate panel opens confirmation hearings for commerce secretary
However, confirming what Venture Capitalists know well, Japan still is the second-largest mobile market in terms of revenues, plus the second-largest advertising market with an accelerating pick-up in e-commerce, especially among high-spending young adults (even Rakuten, a high-flying Japanese domestic e-commerce site, is flush with cash and looking to expand to foreign markets).
FORBES: The Japan Market and the Dilemma of the Global Hyper-Growth Start-Up
In stark contrast, domestic finance and commerce in the U.S., and indeed international financial transactions, are based upon Western legal financial structures which provide Transparency.
Property consultants and logistics property developers said there had been an upturn in investment interest in logistics and business parks in recent months as a way to tap into the growth of e-commerce and rising domestic consumption.
But the gross domestic product numbers released by the Commerce Department before the opening bell dimmed optimism about setting a record.
On Wednesday, the Commerce Department announced that the gross domestic product rose 0.6% in the first quarter, the same rate reported in the previous three months.
On Wednesday, the Commerce Department announced that the gross domestic product rose 0.6% in the first quarter, the same rate reported in the fourth quarter of 2007.
Between July and September, the U.S. economy shrank by 0.5%, according to the Commerce Department's new gross domestic product reading, making it the sharpest fall since the third quarter of 2001.
It came after the Commerce Department reported that US gross domestic product fell at a 0.1% annual rate in the last three months of 2012, after growing at a 3.1% rate in the third quarter.
And Friday, the Commerce Department will release fourth quarter gross domestic product.
The economy slowed to a 1.5% growth rate in the April-to-June period, from 2.0% in the first quarter, according to Commerce's first estimate of gross domestic product last week.
Even in terms of economic growth, housing has provided a so-called bright spot, contributing 0.3% to gross domestic product in the third quarter, according to the Commerce Department.
On Thursday the U.S. Commerce Department reported that second-quarter gross domestic product grew 1.9%, shy of the 2.3% expansion Wall Street had expected, but ahead of the 1.0% reported last quarter.
On Thursday the U.S. Commerce Department reported that third-quarter gross-domestic product fell 0.3%, month-on-month, following a 2.8% increase in the second quarter.
U.S. gross domestic product grew by 0.1% in the quarter, according to new Commerce Department figures.
FORBES: U.S. Economy Slightly Better Than Feared: Q4 GDP Revised Higher To 0.1%
Gross domestic product fell by an annualized 0.1% in the fourth quarter, Commerce Department figures show, the first contraction in more than three and a half years.
Mr Obama would hardly pick a Supreme Court justice who deemed his greatest domestic accomplishment unconstitutional, but outsiders can only guess how Ms Kagan would interpret the commerce clause more generally.
The Chinese government is drafting new policies to spur domestic consumption now that a previous stimulus package has expired, former Assistant Minister of Commerce Huang Hai told Beijing reporters on Friday.
FORBES: China Considers Domestic Stimulus; But Won't Renew 2008 Crisis Package
This was met with a downbeat punch, however, when the Commerce Department released its third revision to the U.S. gross domestic product in the third quarter, pulling it down to 1.8% from 2%.
And late last year, when the commerce ministry issued a circular instructing Saudi companies to use Arabic for all their domestic correspondence a move designed to encourage the hiring of Saudis rather than non-Arabic-speaking Asians the companies dodged by substituting Egyptians for Indians, Lebanese for Filipinos.
ECONOMIST: Gulf citizen, no qualifications, seeks well-paid job
The Commerce Department's initial reading of U.S. second-quarter gross domestic product Friday was mostly in line with expectations.
Gross domestic product grew at a 1.7 percent annual rate in the second quarter, according to the Commerce Department.
The American Chamber of Commerce said that there is a growing number of companies that want to compete in China for the domestic market.
FORBES: Go East, Young Man: US Execs to Invest Even More in China in 2011
On Thursday the U.S. Commerce Department revised its first-quarter economic growth reading, reporting that the country's gross domestic product actually increased 1.0%, above the initial 0.6% report.
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