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Keyword: freetrade

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  • Subsidizing and price fixing us into the poorhouse

    05/18/2015 4:58:07 AM PDT · by HomerBohn · 9 replies
    Personal Liberty ^ | 5/18/2015 | Bob Livingston
    The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.” — Henry Hazlitt, “Economics in One Lesson” One of the greatest fallacies of recent generations is the argument that free market capitalism has failed and that said failure is responsible for America’s moribund economy, the ongoing destruction of the middle...
  • If Jeff Sessions' Anti-Immigration & Free Trade Stances Are the Future of the GOP, It Has No Future.

    05/17/2015 8:06:35 AM PDT · by SeekAndFind · 52 replies
    Reason ^ | 05/16/2015 | Nick Gillespie
    In a recent Washington Post op-ed, Alabama Republican Sen. Jeff Sessions said the United States needs to curb legal immigration along with illegal immigration, and fast. We need a timeout, don't you know, and the only folks who favor letting more foreigners in are monocle-wearing, cigar-smoking elitists: High immigration rates help the financial elite (and the political elite who receive their contributions) by keeping wages down and profits up. For them, what’s not to like? That is why they have tried to enforce silence in the face of public desire for immigration reductions. They have sought to intimidate good and...
  • Charles Krauthhammer: On Free Trade, Republicans Should Stand with Obama

    05/15/2015 7:38:34 AM PDT · by SeekAndFind · 34 replies
    National Review ^ | 05/15/2015 | Charles Krauthhammer
    That free trade is advantageous to both sides is the rarest of political propositions — provable, indeed mathematically. David Ricardo did so in 1817. The Law of Comparative Advantage has held up nicely for 198 years. Nor is this abstract theory. We’ve lived it. The free-trade regime created after World War II precipitated the most astonishing advance of global welfare and prosperity the world has ever seen. And that regime was created, overseen, guaranteed, and presided over by the United States. That era might be coming to a close, however, as Democratic congressional opposition to free trade continues to grow....
  • Krauthammer: A ‘no’ to free trade is a ‘yes’ to China

    05/15/2015 12:03:20 AM PDT · by 2ndDivisionVet · 64 replies
    The Albuquerque Journal ^ | May 15, 2015 | Dr. Charles Krauthammer
    That free trade is advantageous to both sides is the rarest of political propositions – provable, indeed mathematically. David Ricardo did so in 1817. The Law of Comparative Advantage has held up nicely for 198 years. Nor is this abstract theory. We’ve lived it. The free-trade regime created after World War II precipitated the most astonishing advance of global welfare and prosperity the world has ever seen. And that regime was created, overseen, guaranteed and presided over by the United States. That era might be coming to a close, however, as Democratic congressional opposition to free trade continues to grow....
  • The Democrats Abandon Free Trade

    05/14/2015 11:16:26 AM PDT · by Kaslin · 37 replies
    Townhall.com ^ | May 14, 2015 | Steve Chapman
    For a long time, there was a bipartisan consensus for free trade. President George H.W. Bush, a Republican, negotiated the North American Free Trade Agreement, and Democrat Bill Clinton got it passed. It prevailed in the Senate in 1993 with the support of 27 Democrats and 34 Republicans. The consensus wasn't unanimous by any means, but it was broad enough to steadily advance the cause. Tuesday's Senate vote against considering a bill to give President Barack Obama "fast-track authority" for trade deals suggests those days are gone. Only one Democrat supported it, with 42 opposed -- led by Elizabeth Warren,...
  • Vanity: What is the politics behind the failure of the Pacific Free Trade Agreement?

    05/13/2015 8:08:13 AM PDT · by Piranha · 65 replies
    Free Republic ^ | May 13, 2015 | Piranha
    What is the political back-story to the Pacific Free Trade Agreement? I was not following this story, and I see that it is tearing Congressional Democrats away from Obama. Specifically: 1. Why is the Pacific Free Trade Agreement such a high priority for Obama's Second Term? 2. Why did so many Democrats oppose Obama on this bill? 3. Why did so many Republicans support Obama on this bill?
  • Elizabeth Warren fires back at Obama: Here’s what they’re really fighting about[TPP]

    05/11/2015 7:12:25 PM PDT · by Theoria · 32 replies
    The Washington Post ^ | 11 May 2015 | Greg Sargent
    THE PLUM LINE: What’s your response to the latest from President Obama?SENATOR WARREN: The president said in his Nike speech that he’s confident that when people read the agreement for themselves, that they’ll see it’s a great deal. But the president won’t actually let people read the agreement for themselves. It’s classified. PLUM LINE: But don’t you get 60 days to review it after the deal is finalized, with the authority to revoke fast track?WARREN: The president has committed only to letting the public see this deal after Congress votes to authorize fast track. At that point it will be...
  • The 7 Steps the Next President Should Take to Boost Our Economy

    05/11/2015 11:38:23 AM PDT · by iowamark · 24 replies
    The Daily Signal ^ | May 09, 2015 | James Carafano
    Foreign policy should work to advance a constructive agenda—something that’s been largely lacking in the Obama era. Hopefully, the next president will come up with appropriate actions to fill that void. As a cornerstone of that effort, I would suggest a commitment to promoting free trade and more liberal markets worldwide. I’ve written before that the next president will need a “kick starter” agenda—one that demonstrates that the United States is back in the business of protecting its own interests. But Washington will need to go beyond that. The static defense of interests is a sterile and ultimately, unsatisfactory role...
  • Congress giving Obama 'blank check' for gun control

    05/10/2015 6:46:46 AM PDT · by rktman · 40 replies
    wnd.com ^ | 5/9/2015 | Larry Pratt
    Congress is being urged to approve the Trans-Pacific Partnership trade plan even though most have not read it, and a leading gun-rights activist says the plan could give President Obama the power to limit the importation of ammunition and implement his political agenda in many different ways. “Fast track authority in the context of this treaty means a blank check,” said Gun Owners of America Executive Director Larry Pratt. “By a majority vote, the Congress is preparing to give the president authorization to negotiate a treaty. When he brings it back, it would take two thirds of the Senate to...
  • Obama Accuses Democrats of Distorting Facts on Trans-Pacific Trade Pact

    05/08/2015 1:23:15 PM PDT · by Theoria · 17 replies
    The New York Times ^ | 08 May 2015 | Peter Baker
    President Obama on Friday lashed out at critics within his own party as he accused fellow Democrats of deliberately distorting the potential impact of the sweeping new trade agreement he is negotiating with Asia and standing in the way of a modern competitive economy. With the same tone of disdain he usually reserves for his Republican adversaries, Mr. Obama said liberals who are fighting the new trade accord, the Trans-Pacific Partnership, were “just wrong” and, in terms of some of their claims, “making this stuff up.” If they oppose the deal, he said, they “must be satisfied with the status...
  • Boehner: Killing Export-Import Bank risks thousands of jobs

    04/30/2015 11:38:13 AM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Apr 30, 2015 2:15 PM EDT | Andrew Taylor
    Thousands of jobs would “disappear pretty quickly” if the Export-Import Bank were to expire abruptly when its charter runs out at the end of June, House Speaker John Boehner said on Thursday. The Ohio Republican has asked Financial Services Chairman Jeb Hensarling, R-Texas, to come up with a plan to overhaul or wind down the operations of the bank, which helps finance exports of U.S. products such as jetliners and wind turbines. […] Many conservative Republicans want to kill the bank outright, saying it finances too many questionable projects and favors some businesses over others. But the bank enjoys sweeping...
  • Boehner tells Clinton don’t let Obama 'swing in the wind' over Asia-Pacific trade deal

    05/04/2015 4:57:24 AM PDT · by cotton1706 · 19 replies
    foxnews.com ^ | 5/3/15
    House Speaker John Boehner said Sunday that Hillary Clinton, the 2016 Democratic presidential frontrunner, needs to support the trade legislation that President Obama wants to help get enough Democratic votes for passage. The Ohio Republican, in a wide-ranging interview with NBC’s “Meet the Press,” said the GOP indeed controls the House and Senate but that he and Obama “needs her help” to give the president negotiating authority to complete an Asia-Pacific trade deal. “We can't do this by ourselves,” Boehner said. “Every president over the last 50 years has had this (authority.) There is no reason why President Obama shouldn't...
  • A lose-lose choice for Hillary Clinton

    05/04/2015 2:30:40 AM PDT · by Din Maker · 8 replies
    The big threat to Hillary Clinton’s campaign isn’t coming from a competitor. It’s coming from an issue. And it’s coming now, long before the first primary. Will she be for or against giving President Barack Obama fast-track authority to negotiate trade deals? Fast track gives a president the power to make trade deals that cannot be amended by Congress. All Congress can do is accept or reject the agreement. Other countries, say fast-track supporters, won’t negotiate with Washington if they know that Congress can amend any deal they agree to. Obama’s problem is with Democrats. They are horrified by the...
  • Extreme secrecy eroding support for Obama's trade pact (Classified briefings in basement)

    05/04/2015 5:02:27 AM PDT · by cotton1706 · 15 replies
    politico.com ^ | 5/4/15 | Edward-Isaac Dovere
    If you want to hear the details of the Trans-Pacific Partnership trade deal the Obama administration is hoping to pass, you’ve got to be a member of Congress, and you’ve got to go to classified briefings and leave your staff and cellphone at the door. If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving. And no matter what, you...
  • False Fears About Free Trade

    05/03/2015 7:14:13 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | May 3, 2015 | Steve Chapman
    Political debates often pit fear against hope, and when it comes to international trade agreements, many Democrats prefer to scare. It's a durable strategy that they can't relinquish -- even though it usually fails. If you're going to make a horror movie, you need a villain who can make your blood run cold. Despite endless efforts to pump this one up, the audience mostly yawns. Americans have gotten too used to the obvious benefits of trade to be terrified by German cars, Canadian oil or Chinese toys. The Obama administration is currently negotiating with 11 other nations on a Trans-Pacific...
  • Senate Committee Approves ‘Fast Track’ Trade Bill Needed for Pacific Agreement

    04/23/2015 11:42:19 AM PDT · by Kevin C · 10 replies
    The Wall Street journal ^ | 4/22/2014 | WILLIAM MAULDIN
    Major trade legislation favored by President Barack Obama and Republican leaders passed a Senate hurdle on Wednesday, despite opposition from some Democrats. The “fast track” bill, which would pave the way for a sweeping trade agreement among 12 Pacific countries, cleared the Senate Finance Committee by a vote of 20 to 6. It passed along with a measure backed by Sen. Chuck Schumer (D., N.Y.) that would seek to punish foreign companies that benefit from alleged currency manipulation overseas. Another key currency provision was defeated. The fast track bill’s progress in the Senate came on a day when Mr. Obama...
  • Obama-GOP "Trade" Scheme Includes "Unrestricted Immigration"

    04/22/2015 5:09:14 AM PDT · by VitacoreVision · 8 replies
    The New American ^ | 22 April 2015 | Alex Newman
    The establishment GOP-backed Trans-Pacific Partnership (TPP), recently touted by the White House as the “most progressive trade agreement in history,” is also a “Trojan horse” to advance Obama’s “unrestricted immigration” agenda, according to political insiders and critics who have studied the secretive scheming. With the Big Government wing of the Republican Party currently plotting to empower the Obama administration with fast-track Trade Promotion Authority to make it easier to impose the TPP and other radical agreements on the American people, opponents are warning that the White House immigration agenda may become all but impossible to stop. Critics say Congress must...
  • Dear Farmers: U.S. is Now Importing Organic Corn to Satisfy Consumer Demand

    04/18/2015 5:14:36 AM PDT · by HomerBohn · 44 replies
    Daily Sheeple ^ | 4/17/2015 | Heather Callaghan
    There are three things driving a surge in organic imports: 1.U.S. farmers have been systematically pushed into growing mostly GMO crops; grown primarily for fuel, animal feed and cheap processed foods. Russia even used our food supply as an example for the EU to dump us and join them instead. 2.U.S. consumers are not only demanding fresh, organic produce as well as non-GMO convenience foods – but also want meat, dairy and eggs from animals that were fed non-GMO or organic feed. 3.Other countries primarily grow non-GE crops, and plenty of organic. They’ve got the goods and they reap the...
  • Democrats’ civil war over free trade

    04/17/2015 10:41:30 AM PDT · by Theoria · 22 replies
    Politico ^ | 16 April 2015 | Adam Behsudi
    The open in-fighting ramped up after a breakthrough on the historic bill was announced. The most important trade bill in a decade has pitted Harry Reid against President Barack Obama. Liberal Democrat Rosa DeLauro against moderate Democrat Ron Kind. Labor unions against pro-business Democrats. And Elizabeth Warren against virtually everyone who supports a landmark piece of legislation that would allow the president to close what could be the biggest free-trade deal in history. The open warring among Democrats over fast-track trade legislation, and the party’s broader existential crisis on free trade, grew more pronounced Thursday as senior lawmakers announced a...
  • Help Developing Nations with Trade, not Foreign Aid

    04/12/2015 7:45:20 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | April 12, 2015 | Daniel J. Mitchell
    Free trade is a good moral concept for the simple reason that politicians and bureaucrats should not be allowed to interfere with voluntary transactions between consenting adults. It’s also a good economic concept for the simple reason that protectionists can’t provide good answers to simple questions. And free trade is a good geopolitical concept because it is far better than foreign aid as a mechanism for generating prosperity in less-developed nations. Writing for the Economic Times of India, Bjorn Lomborg of the Copenhagen Consensus Center writes about the benefits of open markets among nations. With one simple policy—more free trade—we...
  • The Soaring dollar puts the world on sale for Americans

    04/10/2015 4:38:14 AM PDT · by SeekAndFind · 12 replies
    Los Angeles Times ^ | 04/10/2015 | Tom Petruno
    Americans have long complained that the dollar doesn't buy much anymore. Suddenly, the dollar's problem may be that it buys too much — a change that has huge implications across the global economy for consumers, businesses, investors and governments. The U.S. currency's value has surged over the last nine months, reaching levels against some world currencies last seen more than a decade ago. In Europe, it now costs just $1.09 to buy one euro, down from $1.37 a year ago and almost $1.50 four years ago. To put it another way, an American tourist strolling the streets of Paris this...
  • Trans-Pacific Partnership Seen as Door for Foreign Suits Against U.S.

    03/28/2015 3:14:42 PM PDT · by Theoria · 2 replies
    The New York Times ^ | 25 March 2015 | Jonathan Weisman
    An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment “expectations” and hurt their business, according to a classified document. The Trans-Pacific Partnership — a cornerstone of Mr. Obama’s remaining economic agenda — would grant broad powers to multinational companies operating in North America, South America and Asia. Under the accord, still under negotiation but nearing completion, companies and investors would be empowered to challenge regulations, rules, government actions and court rulings — federal, state or local — before tribunals organized under the World Bank...
  • As free trade pacts expand, U.S. trade deficit soars. Why add one more?

    02/23/2015 9:57:23 AM PST · by Theoria · 18 replies
    Reuters ^ | 17 Feb 2015 | Leo Hindery Jr.
    President Barack Obama has called on Congress to grant him fast-track trade authority for his Trans-Pacific Partnership free-trade agreement. The administration insists the authority, which would give Congress only an up-or-down vote on the agreement, is needed to get the best possible terms from its trade partners along the Pacific Rim. During his 2008 presidential campaign, Obama promised to renegotiate and improve the North American Free Trade Agreement (NAFTA). But it now looks like what he really meant is to expand on that flawed trade model and extend it to other countries. Twenty-one years after NAFTA and four years after...
  • GOP Leaders Plot Pseudo-Free-Trade Schemes With Obama

    02/10/2015 1:32:25 PM PST · by logi_cal869 · 5 replies
    New American ^ | 12/30/2014 | Alex Newman
    With much of Obama’s Democrat political base seeking to block misnamed “free-trade” agreements at the moment, the White House is plotting with congressional Republicans and Big Business interests to advance the controversial national sovereignty-crushing agenda disguised as a “trade” deal. According to media reports, establishment Republicans are scheming to pass “fast-track authority” for Obama’s secretly negotiated schemes as soon as the newly empowered GOP takes control of the Senate and further boosts its majority in the House. However, despite strong support from the globalist crony-capitalist wing of the GOP, the administration is expected to face serious difficulties ramming through the...
  • Egypt and Eurasian Union (Russia) agree on free trade zone

    02/10/2015 9:04:41 AM PST · by tcrlaf · 2 replies
    News-AM ^ | 2-10-2015 | http://news.am/eng/news/252054.html
    Egypt and Eurasian Economic Union have reached an agreement on creating of a free trade zone, President of Egypt Abdel Fattah al-Sisi said on Tuesday. “We have reached an agreement to establish a free trade zone between Egypt and the Eurasian Economic Union,” Egyptian leader said. The announcement was made during Russian president Vladimir Putin's visit to Egypt.
  • Israeli Publicist Says Israel's Pro-Russian Stance Problematic for US, UK

    02/01/2015 7:40:28 PM PST · by VitacoreVision · 35 replies
    Sputnik News ^ | 1/30/2015 | Sputnik News
    Israel has created new problems for the US and UK due to its pro-Russian stance, reluctance to support anti-Russian sanctions and unwillingness to rewrite the results of the Second World War, Israeli publicist and political analyst Avigdor Eskin told Radio Sputnik. ... Israel is refusing to adopt the position that is being promoted by the US and UK: it does not want to support more anti-Russian sanctions and does not want to rewrite the results of the Second World War, Israeli publicist and political analyst Avigdor Eskin told Radio Sputnik. Recently, Israel's Foreign Minister, Avigdor Lieberman, reiterated that his country...
  • Globalism Wins as Israel Plans "Free Trade" With Putin, Beijing

    01/30/2015 6:05:47 PM PST · by VitacoreVision · 8 replies
    The New American ^ | 30 January 2015 | Alex Newman
    Israel is working to create "free trade zones" with Communist China and the Eurasian Union, as the world is being divided into geographic "regions" for the eventual New World Order. Globalism Wins as Israel Plans "Free Trade" With Putin, Beijing The New American 30 January 2015 As the world is increasingly divided up into geographic “regions” under regional regimes cobbled together under the guise of pseudo-“free trade,” Israeli authorities are now quietly working to create what they call “free trade zones” with both the Communist Chinese regime and the Kremlin-dominated Eurasian Economic Union (member countries shown in green). The...
  • Merkel offers Russia free-trade agreement (with EU)

    01/24/2015 4:40:06 PM PST · by Olog-hai · 7 replies
    TheLocal.de ^ | 23 Jan 2015 08:23 GMT+01:00 | (DPA/The Local)
    Germany would be prepared to negotiate a free-trade agreement between the European Union and Russia as a way out of the deadlocked Ukraine conflict, Chancellor Angela Merkel said on Thursday. Merkel told the World Economic Forum in Davos that Germany was “ready” to open talks about “possibilities for cooperating in a collective trade area”, the Süddeutsche Zeitung reported. But she said that a precondition for the plan, suggested by Russian President Vladimir Putin several years ago but ignored by European leaders, would be a comprehensive peace agreement in Ukraine. …
  • Now Pope Francis looks toward Communist China

    12/22/2014 12:23:37 PM PST · by cleghornboy · 7 replies
    La Salette Journey ^ | December 22, 2014 | Paul Melanson
    Now that Pope Francis has done his part to ensure that U.S. sanctions against the murderous regime in Cuba have been removed, the Holy See is already looking toward thawing relations with another brutal Communist regime: China. See here. Back in October, Matt Hadro, writing for the Catholic News Agency, explained that: "The state of religious freedom in China is moving from bad to worse, said U.S. Rep. Chris Smith (R-N.J.), responding to a new report by the Congressional-Executive Commission on China. 'There’s a huge gulf now' between China and the Catholic Church, Smith stated during an Oct. 9 conference...
  • China surpasses U.S. to become largest world economy

    12/06/2014 8:10:46 AM PST · by Patriot777 · 20 replies
    Fox News.com ^ | December 06, 2014 | unknown
    For the first time in decades, the U.S. is no longer the largest economy in the world, and China has become number one, the International Monetary Fund says. The IMF recently released the latest numbers for the world economy, stating that China will produce $17.6 trillion in terms of goods and services-- compared with $17.4 trillion for the U.S. Just 14 years ago, the U.S. produced nearly three times as much as the Chinese, Dow Jones’ MarketWatch reported. But each country reports its data in its own currency, according to the IMF website. In order to compare data, each country's...
  • Off-shoring American jobs - good for corporations, bad for everyone else

    09/20/2014 2:28:08 PM PDT · by Noremac · 44 replies
    Communities Digital News ^ | September 20, 2014 | Richard Cameron
    <p>Every now and then I see an article that is so reality deficient that it commits what amounts to sexual assault against common sense. Actually I see them all the time, but one in particular had me shaking my head.</p>
  • EU and Ukraine suspend trade pact

    09/13/2014 1:56:50 PM PDT · by Olog-hai · 4 replies
    EU Observer ^ | 09/12/2014 @ 20:03 | Andrew Rettman
    Ukraine and the EU are to delay the entry into life of a strategic free trade treaty for more than one year due to Russian concerns. The trade pact was originally to enter into force on 1 November, but following meetings between European Commission trade chief Karel De Gucht, Ukraine’s foreign minister, and Russia’s economy minister in Brussels on Friday (12 September) it will now be implemented on 31 December 2015. Defending the deal, De Gucht told press it means Russia will not impose trade restrictions on Ukraine in the next 15 months. …
  • Christie tests overseas diplomacy with Mexico trip

    09/03/2014 10:34:03 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Sep 3, 2014 8:06 PM EDT | Jill Colvin
    New Jersey Gov. Chris Christie stepped out on the international stage Wednesday to talk trade with Mexico, but he stayed mum on one of the most pressing questions confronting the two countries and his party: immigration reform. On a trip designed to help school him in foreign policy and court Hispanic voters should he seek the Republican presidential nomination in 2016, Christie stuck to economic issues and spoke of a “North American energy renaďssance” in which the U.S., Mexico and Canada ramp up investments and do away with “foolish” regulations. […] But there was no acknowledgement of the need for...
  • Worldwide Rhino Horn Trade Continues Unabated

    09/03/2014 6:00:38 PM PDT · by nickcarraway · 10 replies
    More rhinos were killed by poachers last year in Africa than ever before. In 2014 the dubious record looks set to be broken again. The black market price for rhino horn is now considerably higher than cocaine. Poachers from Mozambique's poorest villages sneak into South Africa, heavily armed under the cover of darkness. They are here to hunt rhinos. The money they make from just one rhino horn is enough to feed their families for months. It’s a payoff worth risking their lives for. Between 1990 and 2007 poachers killed on average 14 rhinos a year in South Africa. Last...
  • China to receive Merkel with military honors

    07/05/2014 2:38:01 PM PDT · by Olog-hai · 1 replies
    TheLocal.de ^ | 04 Jul 2014 08:03 GMT+02:00 | (AFP)
    German Chancellor Angela Merkel heads to China this weekend for her seventh visit, eager to deepen trade and investment ties between the export powerhouses of Europe and Asia. For the EU’s biggest economy, China is a crucial mass market, where companies want its technology and millions of newly prosperous crave German goods from Audi sedans to luxury home appliances. […] China is Germany’s number-two export market outside Europe after the United States. It sold goods worth €67 billion to China last year, while imports from the Asian giant topped €73 billion. …
  • Merkel wants hurdles removed to EU-Mercosur free trade pact (South America)

    06/16/2014 2:16:54 AM PDT · by Olog-hai · 3 replies
    Reuters ^ | Mon Jun 16, 2014 2:53am BST | Anthony Boadle
    German Chancellor Angela Merkel assured Brazil on Sunday that she will do her utmost to bring to a successful end the 15-year-old negotiation of a free trade deal between the European Union and South America’s Mercosur trade bloc. Merkel, stopping in the Brazilian capital on her way to see the German soccer team play in the World Cup on Monday, said Germany and Brazil, the two largest economies in Europe and Latin America, had much to gain from more trade and investment. […] Brazil, a regional powerhouse that is seeking more trade to boost its stagnant economy, feels it is...
  • In the Cheese Wars, Call Me a Traitor

    03/19/2014 5:22:58 PM PDT · by Kaslin · 61 replies
    Townhall.com ^ | March 19, 2014 | John Kass
    With so much uncertainty in the world, it's upsetting to see American politicians, backed by cheesy special interests, trying to start a war with Europe. A cheese war. And in the jingoistic climate of today's aggressive and expansionist cheese policy, I'm a cheese lover without a country. And some will call me a traitor. When it comes to cheese, there are standards in this world -- of fairness, and of excellence. Such standards shall not be undermined, not for clan or for country. So, America, you may exile me in the name of Camembert. You may revile me for manchego....
  • If I Must Sell, You Must Buy

    03/16/2014 4:15:50 PM PDT · by BfloGuy · 14 replies
    The Mises Institute ^ | Mar 16 2014 | Jim Fedako
    If I were a business owner, must I sell to you? If you answer yes, you must balance that requirement with your obligation to buy from me. All trade is bilateral. Well, to be more exact, and since we live in a country where a nebby uncle named Sam interferes in many trades, it is better to state that all free trade is bilateral.[1] In a modern economy, money facilitates exchange. So, typically, a good or service is exchanged for money, with both sides of the trade benefiting a priori. Of course, one side could end up regretting the trade,...
  • EU-Canada free trade deal ‘opens door to environmental lawsuits’

    02/11/2014 3:16:40 AM PST · by Olog-hai · 3 replies
    EurActiv ^ | 11 February 2014 | Arthur Neslen
    Multinationals will have wide-ranging powers to sue EU states that enact health or environmental laws breaching their “legitimate expectations” of profit, according to a leaked “investment chapter” from the Canada-EU free trade agreement (CETA), which was signed last November. A separate “nature and scope” document for EU-US free trade talks, which EurActiv has seen, makes clear that similar parameters are foreseen for a Transatlantic Trade and Investment Partnership (TTIP) agreement. The CETA investment chapter proposes a definition of “fair and equitable treatment” (FET) for investors which has sparked multi-million dollar lawsuits, such as one by Lone Pine challenging a shale...
  • U.S. Trade Deficit: Made in Washington, D.C.? (of course)

    01/22/2014 10:02:34 AM PST · by 1rudeboy · 43 replies
    Heritage ^ | January 16, 2014 | Bryan Riley
    The Treasury Department recently reported that China and Japan are the largest foreign holders of U.S. government debt. China now owns $1.317 trillion in U.S. government debt. Japan owns another $1.186 trillion. It is no surprise that China and Japan are also the two countries with which the United States has the largest annual trade deficits. Here’s why:When Americans import a product made in China or Japan, those dollars can be used to purchase U.S. exports (benefiting Americans), to invest in the U.S. private sector (also benefiting Americans), or to help finance federal budget deficits (benefiting Americans by lowering our...
  • Obama’s Free-Trade Conundrum

    01/30/2014 1:12:01 PM PST · by Cincinatus' Wife · 9 replies
    New York Times ^ | January 29, 2014 | DAVID E. BONIOR
    WASHINGTON — IN his State of the Union address on Tuesday, President Obama focused on reversing the growth of economic inequality in the United States and restoring the American dream. At the same time, he also announced his support for fast track authority that would limit Congress’s role in determining the content of trade agreements. The president’s call follows on legislation introduced earlier this month to grant him fast-track authority as a way of forcing Congress to speed up its consideration of the Trans-Pacific Partnership, a 12-nation pact with Latin American and Asian nations. But Mr. Obama’s desire for fast-track...
  • Corporation Carte Blanche: Will US-EU Trade Become Too Free?

    01/27/2014 1:08:42 AM PST · by Olog-hai · 2 replies
    Der Spiegel ^ | January 23, 2014 – 01:54 PM | Michaela Schiessl
    Opposition to the planned new trans-Atlantic free trade agreement is growing. So far, criticism has focused on the fact that the deal seems directed exclusively at economic interests. Now fears are growing that corporations will be given too much power. […] Some aspects to be negotiated make a lot of sense—ways of coming up with universal charger plugs for electric cars, for example. But other, more controversial issues, are also on the agenda, including whether the Americans will be allowed to sell genetically modified corn without labeling it as such in the EU. Or whether the US Food and Drug...
  • Dr. Pangloss, Free Trader

    01/24/2014 6:58:37 AM PST · by Kaslin
    Townhall.com ^ | January 24, 2014 | Pat Buchanan
    "We've outsourced our manufacturing and much of our pollution, but some of it is blowing back across the Pacific to haunt us." So says University of California scientist Steve Davis. Smog from Chinese factories has already saturated cities like Beijing, where residents go about in surgical masks, and crossed the East China Sea to foul the air of Korea and Japan. Now China's smog is coming to America's West. Among the pollutants wafting their way over the Pacific, says the Guardian, is black carbon, which is "linked to cancer, emphysema and heart and lung diseases," and travels "huge distances on...
  • Safest car 2013: Euro NCAP crowns Qoros 3 (Chicom-built sedan)

    01/13/2014 7:33:08 PM PST · by cunning_fish · 17 replies
    Autoexpress ^ | January 13, 2014
    Euro NCAP names its safest car of 2013, the Chinese Qoros 3, alongside other class winners The Qoros 3 Sedan has been named as Euro NCAP's safest car of 2013. It was the highest rated of the 33 cars tested by Euro NCAP last year and the first vehicle developed in China to achieve the highest five-star rating. The Qoros 3 saloon scored highly in all four areas with passenger safety a particular strong point. It is an impressive performance for the company which was only founded in 2007 and a huge step to challenging the traditional view that safety...
  • Bill key to Obama trade push faces Dem opposition

    01/09/2014 8:29:36 PM PST · by Olog-hai · 4 replies
    Associated Press ^ | Jan 9, 2014 8:23 PM EST | Matthew Pennington
    Legislation key to President Barack Obama’s agenda to boost exports to the fast-growing economies of the Asia-Pacific is being welcomed by business but faces stiff opposition from Obama’s fellow Democrats. A bill to grant the president “fast track” authority for negotiating trade deals was introduced Thursday, co-sponsored by a senior Democrat and two leading Republicans. Fast track, which was last approved in 2002 and expired in 2007, assures that the administration can negotiate trade deals that Congress can accept or reject but cannot change.The administration will be counting on strong support from Republicans, who traditionally are more supportive of free...
  • As cannabis is widely legalized, China cashes in on an unprecedented boom

    01/09/2014 12:23:55 PM PST · by Lorianne · 36 replies
    Times of India/Indpendent UK ^ | 05 January 2014 | Ian Johnston
    Almost 5,000 years ago, Chinese physicians recommended a tea made from cannabis leaves to treat a wide variety of conditions including gout and malaria. Today, as the global market for marijuana experiences an unprecedented boom after being widely legalized, it is China that again appears to have set its eyes on dominating trade in the drug.
  • Economists Toast 20 Years Of NAFTA; Critics Sit Out The Party

    12/08/2013 1:14:48 PM PST · by Theoria · 66 replies
    NPR ^ | 08 Dec 2013 | Marilyn Geewax
    Twenty years ago, millions of Americans were cocking their ears — waiting to hear a "giant sucking sound."They feared Mexico would begin vacuuming up U.S. manufacturing jobs as soon as President Clinton signed the North American Free Trade Agreement, or NAFTA, on Dec. 8, 1993. The "sucking sound" famously had been forecast in 1992 by Ross Perot, the businessman turned independent presidential candidate.Clinton won the election, and began pushing for NAFTA's passage. He promised the sprawling trade agreement would become a wealth generator as it pulled together the economies of Canada, the United States and Mexico.Who turned out to be...
  • The Trans Pacific Partnership: Another disaster from a proven liar

    12/03/2013 3:35:34 AM PST · by 2ndDivisionVet · 6 replies
    The Washington Times ^ | November 11, 2013 | Judson Phillips
    One thing we can say about Barack Obama is that he is a proven liar. He lied when he told Americans we could keep our health insurance if we liked it. Now he wants us to trust him on something else. For the last several years, the Obama Administration has been negotiating something called the Trans Pacific Partnership. The Trans Pacific Partnership is a free trade agreement on steroids. In 1992, then-Presidential candidate Ross Perot coined the expression, “Giant sucking sound” to describe the exodus of jobs from America into Mexico if the North American Free Trade Agreement was passed....
  • Ukraine's Protests Demonstrate The Link Between Free Trade And Freedom

    12/03/2013 3:17:22 AM PST · by expat_panama · 34 replies
    Investors Business Daily ^ | 12/02/20 | Editorial
    Democracy: Hundreds of thousands of Ukrainians rose up Sunday in a passionate call for free trade with the European Union. Analysts call this an East-West tug of war. Actually, it's about the link between free trade and freedom. Yes, There Is A Link Between Free Trade And Freedom... [snip]
  • The NAFTA Myth

    11/30/2013 2:29:41 PM PST · by BfloGuy · 25 replies
    The Mises Daily ^ | 11/30/13 | Murray Rothbard
    Editor’s Note: The North American Free Trade Agreement (NAFTA) was approved by Congress 20 years ago this month. Rothbard’s essay on NAFTA, reprinted below, is available in the collection Making Economic Sense. For some people, it seems, all you have to do to convince them of the free enterprise nature of something is to label it “market,” and so we have the spawning of such grotesque creatures as “market socialists” or “market liberals.” The word “freedom,” of course, is also a grabber, and so another way to gain adherents in an age that exalts rhetoric over substance is simply...