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Keyword: freetrade

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  • 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 |
    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 ^ | 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 ^ | 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 renaïssance” 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 ^ | 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 ^ | 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 ^ | 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...
  • Beware of a "Made in China" Thanksgiving meal

    11/15/2013 1:03:26 PM PST · by Rebelbase · 37 replies
    pudding head | 11/15/13 | Rebelbase
    In a rare moment of cognitive thought I offer the following: Canned vegetables are coming more and more from China. If you are not going fresh and using canned beware.
  • Derivatives dispute harming EU-US free trade talks

    10/30/2013 7:48:37 PM PDT · by Olog-hai · 1 replies
    Reuters ^ | Tue Oct 29, 2013 4:10pm IST | Luke Baker and Stephen Adler
    Ambitious plans for an EU-U.S. free-trade agreement may be put in jeopardy by Washington’s failure to finalize a deal coordinating rules in the $630 trillion derivatives market, the EU’s financial markets chief has warned. The U.S. Commodity Futures Trading Commission agreed in July this year on a common position with the European Commission and other global regulators that aimed to iron out differences in how they police derivatives trading worldwide. But in the months since that agreement was struck in principle, the parties have failed to sign off on the details of the arrangement. The CFTC, under pressure to adhere...
  • The FDA (gubmint vet) has No Idea Why Jerky Treats Are Killing Hundreds of Dogs

    10/24/2013 5:22:06 PM PDT · by Libloather · 25 replies
    Time ^ | 10/23/13 | Laura Stampler
    **SNIP** But in spite of running more than 1,000 tests and visiting multiple manufacturers, the FDA still isn’t sure what it is in the chicken, duck, and sweet potato jerky that is making the animals sick. “To date, testing for contaminants in jerky treats has not revealed a cause for the illnesses,” said deputy director for the FDA’s Center for Veterinary Medicine Martine Hartogensis.
  • EU, Canada reach landmark free trade deal

    10/18/2013 10:40:03 AM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Oct. 18, 2013 11:58 AM ET | Juergen Baetz
    Canada and the European Union have struck a tentative free trade deal meant to boost growth and jobs and which European officials hope will provide a blueprint for a much larger—but more challenging—trade pact with the U.S. The deal agreed on Friday in Brussels will cut tariffs and red tape and was attained after settling bitter disputes over cheese exports and visa requirements. Companies on each side will have improved access to the two lucrative markets—the 28-member EU’s 500 million people and Canada’s 35 million. “This is a big deal. It is the biggest deal our country has ever made,”...
  • Russia halts Lithuania dairy imports in trade row

    10/09/2013 2:47:32 AM PDT · by cunning_fish · 2 replies
    BBC ^ | 10/7/2013
    Russia has halted imports of Lithuanian dairy produce amid tensions over EU plans to forge closer ties with ex-Soviet republics. Russia's consumer watchdog said the levels of yeast and mould in Lithuanian dairy produce were unacceptable. Lithuania is already involved in a bitter dispute with Russia over the cost of Russian gas, which Moscow's former Soviet bloc allies rely on. Lithuania is leading EU efforts to sign new trade deals with those countries. Russia's consumer watchdog Rospotrebnadzor has previously imposed various bans on food and drink imported from former Soviet neighbours, for example on wine from Georgia and Moldova, citing...
  • There’s No Such Thing As Free Trade

    08/06/2013 3:56:41 PM PDT · by DannyTN · 34 replies
    The Connecticut Patriot ^ | Spring 200 3 Vol. 1 , No . 4 | Paul Streitz
    The Illusion of Free Trade“There’s no such thing as a free lunch,” says Milton Friedman, economist and Noble Prize winner. Nevertheless, Milton Friedman is the most prominent champion of “free” trade and it is difficult to find any economist1 that disagrees. His position is very straight forward: Our market is open to you without tariffs or other restrictions. Sell here what you can and wish to. Buy whatever you can and wish to. In that way cooperation among individuals can be worldwide and free.2 Friedman sees this as way to open markets and at the same time eliminate foreign aid...
  • 101 Years Later, Milton Friedman is Still Wrong

    08/06/2013 10:21:57 AM PDT · by DannyTN · 109 replies ^ | 8/1/13 | Sean McElwee
    Wednesday was the 101st anniversary of Milton Friedman’s birth, and it will be widely celebrated among the vast number of Americans who march in Tea Parties and wear tricorner hats in public. He will be hailed by the vast number of “libertarian populists” now burgeoning within the Republican ranks. But the new “libertarian populism” is increasingly at odds with the possibility of a shared future. Libertarian populists love markets. One of their favorite proposals is privatization: If there is a problem, they look to markets to solve it. Milton Friedman wrote, “The most important single central fact about a free...
  • Action: Say No to a U.S.-EU Merger

    07/16/2013 8:42:36 PM PDT · by VitacoreVision · 5 replies
    JBS / ^ | July 16, 2013 | John Birch Society
    Say No to a U.S.-EU Merger As negotiations continue toward immersing the United States in another sovereignty-compromising trade pact, it's hardly surprising to know that proper warnings were issued about such an agreement in The New American magazine five years ago. TNA's May 12, 2008 feature article entitled “Transatlantic Two-Step” reported that German Chancellor Angela Merkel and European Commission President Jose Manuel Barroso met with President George W. Bush in the White House to discuss the ongoing negotiations that would tie our country with the European Union. In his statement at the close of the meeting, Mr. Bush didn’t...
  • EU Official: Pooling Sovereignty, Once "Unthinkable," Now "the Model"

    07/12/2013 5:51:57 PM PDT · by VitacoreVision · 11 replies
    The New American ^ | 12 July 2013 | William F. Jasper
    As the Transatlantic Trade and Investment Partnership (TTIP) meetings begin for an EU/US merger, Europeans are increasingly dissatisfied with the EU superstate that's destroying their sovereignty. EU Official: Pooling Sovereignty, Once "Unthinkable," Now "the Model" The New American 12 July 2013 As reported here this week, the first round of Transatlantic Trade and Investment Partnership (TTIP) negotiations has been underway in Washington, D.C. with European Union and American officials, along with a select group of business, banking, environmental, and union "stakeholders." President Obama has placed this planned political and economic merger of the EU and the United States on...
  • Is Freedom "Spoils"?

    07/01/2013 2:55:54 PM PDT · by Davidmbrown · 3 replies
    Yahoo! Voices ^ | June 23, 2013 | David M. Brown
    Why is a technology company's greater ability to hire immigrants who wish to live and work in the United States -- if such wider scope for mutually beneficial trade is what the immigration bill currently under consideration would enable -- being referred to by so pejorative a term as "spoils"? Headline of a New York Times article: "Tech Pushes to Keep Its Spoils in Immigration Bill." A sample of the "spoils"? Well: "[The bill] makes it easier for foreign students who get science and engineering degrees at American universities to get permanent residency, creates a new temporary visa for entrepreneurs,...
  • Snowden Scrap: Ecuador Thumbs Nose at Washington

    06/29/2013 2:58:44 AM PDT · by Olog-hai · 17 replies
    Der Spiegel ^ | June 28, 2013 – 03:30 PM | Johannes Schneider
    Tensions continue to simmer between Washington and Quito over the Edward Snowden affair. After the United States threatened to eliminate special trade benefits with Ecuador, the South American country unilaterally moved on Thursday to terminate a trade benefits deal with the country. A short time later, the US said it would also review trade advantages given to Ecuador. For Washington, the latest developments are a further setback in the diplomatic nightmare surrounding whistleblower Snowden, who has been on the run since leaking documents about colossal American and British Internet spying programs to Britain’s Guardian newspaper. Washington’s threatening gestures come at...
  • US factory boss held hostage by workers in Beijing

    06/25/2013 3:38:15 AM PDT · by Wolfie · 16 replies
    Global News ^ | June 24, 2013
    US factory boss held hostage by workers in Beijing An American executive said he has been held hostage for four days at his medical supply plant in Beijing by scores of workers demanding severance packages like those given to 30 co-workers in a phased-out department. Chip Starnes, 42, a co-owner of Coral Springs, Florida-based Specialty Medical Supplies, said local officials had visited the 10-year-old plant on the capital's outskirts and coerced him into signing agreements Saturday to meet the workers' demands even though he sought to make clear that the remaining 100 workers weren't being laid off. The workers were...
  • South Korea trade deal produces bleak first-year results for U.S.

    05/22/2013 9:07:30 PM PDT · by TexGrill · 17 replies
    McClatchy ^ | 05/22/2013 | TexGrill
    WASHINGTON — More than a year after it took effect, a highly touted trade deal with South Korea has failed to produce as expected for the U.S.: Exports are down, imports are up and the trade deficit with the Asian economic powerhouse has ballooned. In Washington state, where global trade is now linked to 2 of every 5 jobs, trade backers are happy: Exports of aircraft and parts to Korea rose by more than 75 percent last year, and Koreans are gobbling up more of the state’s prized cherries and apples. But across the nation, the picture looks far bleaker....
  • Why low-skill immigration is different than free trade

    05/21/2013 10:43:44 AM PDT · by 1rudeboy · 177 replies
    The Examiner ^ | May 21, 2013 | Conn Carroll
    McClatchy Newspapers has an excellent story on immigration today, reporting on how farmers are framing the debate to their representatives: Walk the aisles of any neighborhood grocery store today and you’re as likely to find tomatoes picked in Sinaloa, Mexico, as Central California or oranges from Sao Paulo, Brazil, as Bradenton, Fla.Farmers across the country warn that shoppers will find even more imported food on their store shelves if Congress fails to pass immigration legislation that would guarantee them enough workers to milk their cows and harvest their fruits and vegetables.“The bottom line is people need to decide whether...
  • The Pope and Godless Capitalism (Globalism)

    05/11/2013 4:18:13 AM PDT · by Colonel Kangaroo · 38 replies
    Real Clear Politics ^ | May 3, 2013 | Pat Buchanan
    "This is called slave labor," said Pope Francis. The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400. "Not paying a just wage ... focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!" The pope is describing the dark side of globalism Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago,...
  • VATs used to Accomplish Same Goals as Currency Devaluation

    05/09/2013 1:33:35 PM PDT · by DannyTN · 102 replies ^ | 04/29/2013 | Michael Stumo
    <p>The VAT is used as a trade strategy to accomplish the same benefits as currency devaluation. The VAT strategy is called “fiscal devaluation” and I’ll explain it at the bottom. It took me three years to understand the power of the VAT in trade strategy, so I understand why it takes others a while to think through it. But the price differential result (as between domestic and imported products) is substantial. And we need it to neutralize what other countries have done.</p>
  • The Ignorance of the Professors: the Case of Ron Boudreaux

    05/09/2013 12:25:59 PM PDT · by DannyTN · 3 replies ^ | 01/03/2013 | Ian Fisher
    Like most academics, professors of economics are not generally stupid people, IQ-wise. But they do have a remarkable ability to lose sight of basic realities. I’ve seen this over and over again. I just had an extended e-mail exchange with one Ron Boudreaux, a professor of economics at George Mason University, about the trade deficit. Now I’m not going to offer any comment on it, and will just let the reader judge for himself who’s right in the back-and-forth below. (Feel free to post a comment or e-mail me if you think I was mistaken.) ************* Dear Mr. Fletcher: I...
  • Milton Friedman's Smoot-Hawley Lie

    05/09/2013 10:00:37 AM PDT · by DannyTN · 126 replies ^ | Mar 20, 2010 | Paul Streitz
    The Smoot-Hawley tariff passed in 1931 is the silver bullet of Free Trade advocates. All other arguments do not matter for them because they say the Smoot-Hawley tariffs either were part of the cause of the Great Depression or were responsible for continuing the depression by reducing international trade. This reasoning does not hold up to close inspection. Smoot-Hawley did not cause the Great Depression, nor did it extend the Depression. ... In general, the statistical arguments made by current Free Traders are deceptions. They generally say something like, "the United States economy grew after NAFTA." That may be true,...
  • When economic patriotism died

    05/03/2013 12:00:05 PM PDT · by Sheapdog · 141 replies
    World Net Daily ^ | 5/02/2013 | Buchanan, Patrick
    When economic patriotism died Pat Buchanan agrees with the pope about ' the dark side of globalism' “This is called slave labor,” said Pope Francis. The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400. “Not paying a just wage … focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!” The pope is describing the dark side of globalism. Why is Bangladesh, after China, the second-largest producer of apparel in...
  • EU Slaps Big Duty on Women's Jeans Made in the USA

    04/26/2013 3:03:54 PM PDT · by Mr. Jeeves · 16 replies
    California Apparel News ^ | April 26th, 2013 | Staff
    Starting May 1, the European Union will be collecting an additional 26 percent import duty on all women’s jeans made in the United States, on top of the jeans’ current 12 percent duty. The increased duty will be a big slap in the face to the Southern California apparel industry, known for its high-end premium denim jeans made primarily in and around the Los Angeles area. “This will not only affect the brands that make jeans but all the wash houses and sources that support the industry,” said Ilse Metchek, president of the California Fashion Association. “When you do the...
  • Why does America regulate the trade in raisins?

    04/15/2013 7:27:33 PM PDT · by Tolerance Sucks Rocks · 20 replies
    The Economist ^ | April 14, 2013 | The Economist Explains
    THE Supreme Court has frequently handed down judgments that have shaken America to its core. Now, it has turned its attention to the raisin. A group of farmers has brought a complaint about the Agricultural Marketing Agreement Act of 1937, under which the government confiscates part of the annual national raisin crop. The Court is considering whether the arrangement is constitutional. But why is a country that generally celebrates red-blooded capitalism regulating the raisin trade in the first place?Since the 1940s a government agency called the Raisin Administrative Committee has confiscated a portion of the annual raisin crop: 47% in 2003 and...
  • Japan, EU agree to start free-trade negotiations

    03/25/2013 3:07:42 PM PDT · by Olog-hai
    Associated Press ^ | Mar 25, 2013 7:59 AM EDT | Yuri Kageyama
    Japan and the European Union agreed Monday to start negotiations for a free-trade pact encompassing nations that account for nearly a third of the world economy. Japanese Prime Minister Shinzo Abe, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso spoke by telephone for 30 minutes late Monday, a Japanese government spokesman said. A Japan-EU summit set to begin Monday in Tokyo was shelved because of the financial crisis in Cyprus. The leaders agreed to launch the negotiations toward a “deep and comprehensive” free-trade deal, with the first meeting set for next month, both sides said...