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Currency Bill
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Textile Workers in Egypt Strike 
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Liberia & US Duty Free Deal
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February 15, 2011                                            Issue #283    The McPete Sez Lingerie Newsletter & Women's Wear Journal           

                              Intimate Apparel

              Currency Bill
A group of US lawmakers on February 10, launched a new push for a bill that would give companies the ability to defend themselves against currency manipulation - with China the most likely target.
The Currency Reform for Fair Trade Act was approved in September last year by the House of Representatives, but it failed in the Senate.
The companion bills would enable US companies to defend themselves using countervailing duties or tariffs against countries that manipulate their currency. It is aimed at countries like China, which allegedly aligns its currency to the US dollar at a below market rate so that its goods are less expensive on international markets.
“We are confident that the new Congress will finish what the previous Congress started,” said Charles Blum, executive director of the Fair Currency Coalition (FCC).
“Action speaks louder than words. China clearly has no intention of reversing its illegal currency under valuation anytime soon. That’s why Congress must enact currency legislation now. Every day of delay means more American jobs lost and more new job creation denied.”
Since the end of last September the FCC claims China’s foreign currency reserves have grown by an estimated $200bn and now total a staggering $2.9 trillion. Moreover, in nominal terms, the RMB has barely increased in value compared to the dollar, rising by just 4% since June 21, 2010. 
However, representatives for US apparel and footwear importers believes the legislation "primes the United States and China for a widening trade war" and that erecting additional trade barriers stifles US competitiveness in the global market.

    Outstanding Concerns 
      on Korea Free 
   Trade Agreement
The Obama administration on February 9, said it hopes to get a trade pact with Korea approved by the spring – but admitted there are still “outstanding concerns” over long-stalled free-trade deals with Colombia and Panama.
Speaking before the House Ways and Means Committee, United States Trade Representative Ron Kirk said the US-Korea Free Trade Agreement (KORUS FTA) is a key trade initiative to boost American jobs and exports.
“To bring home its promise,” he said, “the President intends to submit the US-Korea trade agreement to Congress in the next few weeks and looks forward to working to secure its approval this spring.”
But he warned: “There remain serious issues to be resolved before the Colombia and Panama agreements can be submitted for Congressional consideration.
“Some of these issues go to core US values and interests, such as the protection of labor rights. Any timetable will be contingent on the successful resolution of these issues. “Colombia and Panama have begun to take important steps, but more remains to be done.”
While apparel and footwear importers have welcomed the landmark trade deal with Korea, textile industry groups claim it contains "extremely flawed" aspects.
   Fashion Photo
     Olga modelsTia Lyn Lingerie
If you would like more information about Fashion Photo or 
   would to be included in the McPete Sez Fashion Photo 
          contact Jerome at  

Textile Workers in Egypt Strike 
Following the removal of President Hosni Mubarak at the weekend, Egyptian demonstrators are now refocusing their anger on the country's state-owned enterprises – including textile firms – to demand higher wages, better working conditions, and the removal of managers associated with the former regime.
Workers at Misr Spinning and Weaving textile firm, Egypt's largest factory with 24,000 employees, have reportedly gone back to work after going a strike last Thursday. But they say they will continue to demand a raise in the minimum wage.
Egypt's newly formed government says it will raise public sector salaries and pensions by 15%. But the minimum wage has remained unchanged at EGP35 (US$6) per month since 1984, according to reports.

Tia Lyn
7/24 Watch Tia Lyn's NY Fashion Show with beautiful models of ALL SIZES!
Liberia & US Duty Free Deal
A decision by the US government to provide duty-free preference for Liberian textiles and clothing has been welcomed by the country’s government.
Liberian president Ellen Johnson Sirleaf said the decision under the African Growth and Opportunity Act (AGOA) was a “milestone” for the government, as well as for Liberian clothing manufacturers and exporters.
The president added that the change should enable the businesses to gain a competitive edge over rival companies from other countries.
The first company to take advantage of the new rules was the Liberian Women Sewing Project, certified as the first Fairtrade factory in the country.
The United States Trade Representative (USTR) made its decision after ruling that Liberia has adopted an effective visa system and related procedures to prevent unlawful trans-shipment of textile and apparel articles.
Because it now follows the customs procedures required by AGOA, imports into the US qualify for the accord’s textile and apparel benefits.
Pakistan's Textile Incentives
Pakistan’s Ministry of Textile Industry has introduced a PKR1.61bn (US$18.91m) incentive scheme to help develop the country's textile sector.
The ministry plans to spend PKR7.5bn this fiscal year on various textile support schemes envisaged under the Textile Policy of 2009-14.
The government has been offering cash and interest rate subsidies, export finance facilities, and investment incentives to boost its textile and clothing exports.
Textile and clothing shipments increased 26% to $6.28bn during the first half (Jul-Dec) of the current fiscal year. Under the five-year National Textile Policy, Pakistan envisions textile and clothing exports reaching US$25bn by the year 2014.
Federal Minister for the textile industry, Rana M Farooq Saeed Khan, said that implementation of textile policy devised in 2009 is steering the 
textile sector in the right direction, citing sustained growth in textile exports for the last two years.

9/24    CLICK HERE to watch Risque's Video on YouTube

Stay Fresh Wins EPA Approval
An antimicrobial technology containing hydrogen peroxide, which can be used in a wide range of textile applications including apparel, has become the first such treatment to be approved by the US Environmental Protection Agency (EPA).
The patent-pending Stay Fresh from Quick-Med Technologies uses what the company claims is “the first commercially viable technology” for bonding the active ingredient – hydrogen peroxide – onto the fabric. This means it provides durable antimicrobial effectiveness after repeated laundering.
“Stay Fresh textile treatment locks the power of hydrogen peroxide into fabrics,” explains J Ladd Greeno, CEO of Quick-Med. “By incorporating this potent antimicrobial into fabrics, we bring highly effective antimicrobial activity to a wide range of textile applications where the durability after repeated laundering has been an unmet challenge.
“Textiles stay fresher for longer because the active agent is now held in place on the fabric.”
Consumers are familiar with hydrogen peroxide as a color-safe bleaching agent and stain fighter for laundering applications, but it is also produced by human cells to fight invasive bacteria, and is naturally occurring in honey as a preservative.
It is also known to be a powerful antimicrobial and is effective in guarding against the growth of odors from microbial causes and in resisting deterioration or staining caused by fungi, moulds and mildew.
Quick-Med says its Stay Fresh Technology can be used by textile manufacturers without the need to alter their production facilities.

Pompea to Expand Production
Italian hosiery, lingerie and activewear manufacturer Pompea SpA is to expand its production in Serbia as part of a EUR3m (US$4m) investment that is being backed by the Serbian government.
An estimated 300 jobs will be created, split between the towns of Brus and Zrenjanin, where a new dye factory is being opened. Pompea already operates a factory in Brus, which it bought nine years ago for EUR25m, while the Zrenjanin facility is a greenfield investment.
Earlier this month it was revealed that Italian fashion firm Benetton is to take over the Nitex facility in the southern Serbian city of Nis. 
Benetton plans to hire 2,700 workers over the next four years, with the government subsidizing each new job to the tune of EUR9,000.

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