News coming on the NAFTA Rail road along the super-corridor.

KCS company news ^ | Aug 30, 2007

[Exton1]

Check this out later this week, to hear about the NAFTA railroad.

For Immediate release:	For additional information contact:
August 30, 2007	William Galligan - 816-983-1551

KCS' Arthur L. Shoener to Address Morgan Keegan 2007 Equity Conference

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Kansas City, Mo., August 30, 2007 - Kansas City Southern (KCS) (NYSE: KSU) president and chief operating officer, Arthur L. Shoener, will address the Morgan Keegan 2007 Equity Conference at approximately 12:15 p.m. Central Time on Thursday, September 6, 2007. Note the updated time.

Interested investors not attending the conference may listen to the presentation via a simultaneous webcast on KCS' website at www.kcsouthern.com. A link to the replay will be available for 7 days following the event. Presentation materials will also be available on the website.

Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding includes The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Canada and Mexico.

[Toddsterpatriot]

Because they aren't given the same equipment as American workers doing the same job are, as I already pointed out.

If they were more expensive (more productive) they would be given more equipment.

No. They are sweatshop workers. They are working hard with no robotic equipment for $1.47 and hour with no benefits.

As noted in Section 2, annual wages plus mandated benefits for assembly workers in Mexico are 34% of the Canadian levels and for parts workers annual wages plus mandated benefits are 23% of Canadian levels. Consistent with these data is information from Big Three representatives who indicated that the total compensation package for an assembly worker in Mexico is approximately $10 per hour compared to $40 per hour for Canada.

No, we should tariff them like crazy until they stop running sweatshops.

Yeah, throw them out of work, that'll help.

Make sure and tell your coworkers how lazy, unskilled, and unproductive they are.

I never said they were lazy.

[1rudeboy]

I'm thinking of putting together an All-Star/All-Lefty Guide to Economic Data^© for our dearest colleagues.

[Toddsterpatriot]

It’ll save them time.

[Halgr]

http://www.epinet.org/content.cfm/issuebriefs_ib120 ------------------------------------------------------------ (snip) ------------------------------------------------------------ Although NAFTA's adherents claimed the agreement would create new jobs, growing imports from Mexico and Canada have cost the U.S. more jobs than exports have generated. While increased exports to Mexico created 158,171 jobs, this growth was more than offset by the 385,834 jobs displaced by an increase in imports from Mexico. Similarly, increased exports to Canada generated 244,309 jobs, but these were dwarfed by 411,481 jobs displaced by Canadian imports. On the whole, imports from Mexico and Canada destroyed a gross total of 797,315 job opportunities. Net losses, after including the gains from exports, were 394,835 jobs. ------------------------------------------------------------ (snip) ------------------------------------------------------------ http://www.dollarsandsense.org/archives/2003/0103dollar.html ------------------------------------------------------------ (snip) ------------------------------------------------------------ Employment in virtually all U.S. manufacturing industries has declined since NAFTA went into effect. Counting jobs that actually left the United States plus those that would have been created if not for rising imports, EPI estimates that NAFTA caused a net loss of 440,000 U.S. jobs. In fact, during the 1990s, the overall U.S. trade deficit quadrupled, resulting in a net loss of 3 million jobs, according to EPI president Jeff Faux. ------------------------------------------------------------ (snip) ------------------------------------------------------------ http://www.ratical.org/co-globalize/NAFTA@7/mx.html ------------------------------------------------------------ (snip) ------------------------------------------------------------ Between 1991 and 1998, the share of workers in salaried[1] jobs with benefits fell sharply in Mexico. The compensation of the remaining self-employed workers, who include unpaid family workers as well as small business owners, was well above those of the salaried sector in 1991. By 1998, the incomes of salaried workers had fallen 25%, while those of the self-employed had declined 40%. At that point, the average income of the self-employed was substantially lower than that of the salaried labor force. This reflects the growth of low-income employment such as street vending and unpaid family work (for example, in shops and restaurants). After seven years, NAFTA has not delivered the promised benefits to workers in Mexico, and few if any of the agreement’s stated goals has been attained. ------------------------------------------------------------ (snip) ------------------------------------------------------------ http://www.networkideas.org/news/jan2004/news13_NAFTA.htm ------------------------------------------------------------ (snip) ------------------------------------------------------------ Certainly it is true that NAFTA has resulted in increased trade and investment flows within the region. Total trade among the NAFTA countries more than doubled between 1993 and 2002, growing much more rapidly than trade with countries outside the region. Foreign direct investment by NAFTA investors in the three countries jumped from $137 billion in 1993 to nearly $300 billion in 2000. However, this increase in trade and investment has not translated into commensurate income increases, especially for most workers, contrary to predictions. The gains have been concentrated among corporations, whose profits have increased manifold, and among favoured (typically urban) consumers with purchasing power. In each NAFTA country, the net effect upon workers as a whole has been negative. ------------------------------------------------------------ (snip) ------------------------------------------------------------ http://www.ratical.org/co-globalize/NAFTA@7/index.html ------------------------------------------------------------ (Snip) ------------------------------------------------------------ As the three reports in this paper indicate, from the point of view of North American working people, NAFTA has thus far largely failed. ------------------------------------------------------------ (snip)

[Toddsterpatriot]

While increased exports to Mexico created 158,171 jobs, this growth was more than offset by the 385,834 jobs displaced by an increase in imports from Mexico.

Your left wing source is so precise. Now, considering that weekly first time jobless claims are in the 300,000 range, your left wingers "proved" that 227,663/46,800,000 or less than 0.5% of the jobs lost in that time frame can be blamed on NAFTA. LOL!

[1rudeboy]

This crap is getting annoying. If you wish to post contrary economic data, please post it from an ostensibly conservative source instead of the economic policy arm of the DNC. Try here. I'm feeling sorry for you.

[1rudeboy]

rat haus reality, ratical branch is the electronic manifestation of rat haus reality press, dedicated to promulgating and promoting life-nurturing activities and awarenesses regarding this home we all share and are all responsible for, not simply for the seventh generation of humankind yet unborn, but for all life germinated and nourished by Gaia.

Gads, I need a smoke.

[dennisw]

bttt

[Wolfie]

Feh. I’m done with it. Let the corporations fight the wars, too.

[1rudeboy]

Vote Kucinich!

[WorkerbeeCitizen]

Thanx for the ping.

I think I'll sit out of the economic side of this.

[Halgr]

Like I said before...I’d be willing to bet these guys are .gov employees charged with protecting NAFTA and other issues....

GAWD...and they PICK FREE REPUBLIC....Oh the impact is huge....LOLOLOLOLOLOLOLOLOLOLOLOL