NewsTrust - Trade - Most Recent Stories

Brian O’Shaughnessy on the VAT

Thu, 02 Feb 2012 00:00:00 -0800

tradereform.org - By Brian O'Shaughnessy - Feb. 02 (Opinion) - The question is not whether we have new taxes, high taxes or low taxes. The question is whether we have smart or dumb taxes in relation to promoting economic growth and international competitiveness.

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Daily Show: Fear Factory

Mon, 23 Jan 2012 00:00:00 -0800

Daily Show - By Jon Stewart - Jan. 23 (Comedy News) - If America wants to compete with China, then it will have to make its factories more like Foxconn's.

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How, Exactly, Does Trade Bring Prosperity?

Wed, 11 Jan 2012 00:00:00 -0800

Huffington Post - By Stan Sorscher - Jan. 11 (Opinion) - I work for a labor union in the aerospace industry. We are 100% in favor of trade. We make products the rest of the world wants to buy. With increased trade we expect more prosperity. Instead, we see the American economy de-industrializing and job security at historic lows. So, what's going wrong?

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U.S. Manufacturing Competitiveness in Global Trade

Wed, 28 Dec 2011 00:00:00 -0800

Huffington Post - By Jared Bernstein: - Dec. 28 (News Analysis) - we're toward the low end of the advanced economies in terms of compensation costs. Second, in dollar terms, manufacturing compensation costs have increased much faster elsewhere over the past decade

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Lawmaker warns USTR on labor in Trans-Pacific pact

Thu, 15 Dec 2011 00:00:00 -0800

Yahoo! News - Dec. 15 (News Report) - A Republican lawmaker on Wednesday warned the Obama administration that Congress could reject a proposed Asia-Pacific trade deal if the White House pushes too hard on language to protect workers rights.

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Gingrich On Climate Change

Wed, 07 Dec 2011 00:00:00 -0800

FactCheck - By Brooks Jackson - Dec. 07 (Fact Check) - Newt Gingrich went too far when he claimed that “I’ve never favored cap-and-trade.” It’s true he’s never favored the approach taken by Democrats, but he said in 2007 that he would “strongly support” cap-and-trade if combined with “a tax-incentive program for investing in the solutions”.

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Flipping Through DNC Playbook on Romney

Thu, 01 Dec 2011 00:00:00 -0800

FactCheck - By Eugene Kiely, Lori Robertson, Robert Farley, Brooks Jackson, D’Angelo Gore, Scott Blackburn, Lalita Clozel - Dec. 01 (Fact Check) - The Democratic National Committee casts Mitt Romney as an untrustworthy flip-flopper in a lengthy Web video, but pads a long list of examples with some falsehoods and distortions. It's true that Romney has changed or modified his position on some major issues -- including abortion, a federal assault weapons ban and Reaganomics, as the DNC says. But the video strains the truth ... More >>

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Occupy Honolulu: Hawaiian Musician Makana Performs Protest Song to World Leaders at APEC Summit

Mon, 14 Nov 2011 00:00:00 -0800

Democracy Now - By Amy Goodman - Nov. 14 (Interview) - within the heavily guarded compound where the summit took place, renowned Hawaiian musician and guitarist Makana carried out his own act of protest. Makana had been invited to play instrumental music at the gala dinner Saturday night. At the dinner, Makana opened his jacket to reveal a t-shirt which read, "Occupy with Aloha." Then, instead of performing the background instrumental he was scheduled to play, he started to sing a protest song he had released earlier that day.

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Fact-check: South Carolina Debate

Sun, 13 Nov 2011 00:00:00 -0800

FactCheck - By Brooks Jackson, Eugene Kiely, Lori Robertson, Robert Farley - Nov. 13 (Fact Check) - We found several exaggerations and misstatements in the latest Republican presidential candidates’ debate. Romney issued a hollow threat to take China’s currency manipulation to a world body that doesn’t actually deal with overvalued money, and he claimed federal spending consumes more of the nation’s economic output than it really does. … More >>

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Leaders: Free Trade In Asia-Pacific Vital To Recovery

Sun, 13 Nov 2011 00:00:00 -0800

Associated Press - Nov. 13 (News Analysis) - The plan to forge a Pacific free trade area got a big boost Sunday when leaders of Canada and Mexico joined Japan in expressing support for a deal that has received a cool reception from rising power China.

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House Approves Controversial Trade Deal

Thu, 13 Oct 2011 00:00:00 -0700

Huffington Post - Oct. 13 (News) - Congress voted to approve a free trade agreement with Panama, a country of less than 4 million that still carries economic weight because of the Panama Canal.

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Colombian, Korean and Panamanian Activists Condemn White House Support for New "Free Trade" Deals

Tue, 11 Oct 2011 00:00:00 -0700

Democracy Now - By Amy Goodman - Oct. 11 (Interview) - Organizers from Colombia, Panama and South Korea held a teach-in at Occupy Wall Street on Monday about "free trade agreements" now pending in Congress that will expand the market for national corporations and financial corporations from the United States. "Essentially, it tries to institute once more the things that caused the financial crisis in the first place,” says Sukjong Hong, an organizer with Nodutdol for Korean Community Development. “It also opens the door to outsourcing more American jobs." Carlos Salamanca, member of AFSCME Local 372, adds that the Colombian free trade agreement “is the continuation of what is going on in Colombia, supporting the government who is not doing anything to stop the killing of workers in Colombia, the union members, the human rights activists, and the persecution against the indigenous and the Afro-Colombian leadership over there." [Transcript to come. Check back soon.]

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The results are in: ‘Free trade’ is simply bad public policy

Sat, 08 Oct 2011 00:00:00 -0700

thestand.org - By Stan Sorscher - Oct. 08 (Opinion) - Free trade makes sense to market ideologues and it works sensationally well for the top 1% in each country, at least in the short term. Free trade is bad for workers, bad for communities, bad for long-term prosperity, and bad public policy.

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Pelosi and Reid at odds with Obama over trade

Mon, 26 Sep 2011 00:00:00 -0700

The Hill - By Vicki Needham - Sep. 26 (News Analysis) - "I think if you asked people in Nevada: Boy, hasn't NAFTA helped us a lot, they would just sneer and walk away," he said in his floor speech. "We keep talking about free-trade agreements, but where is the fair part of those trade agreements?

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9 Policies Conservatives Were For Long Before They Were Against Them

Thu, 22 Sep 2011 00:00:00 -0700

AlterNet - By Joshua Holland - Sep. 22 (News Analysis) - Journalist Steve Benen noted that while "the record here may be inconvenient for the right ... it's also unambiguous: the mandate Republicans currently hate was their idea." It was championed by the Heritage Foundation ... Nixon embraced it in the 1970s, and George H.W. Bush kept it going in the 1980s. For years, it was touted by the likes of John McCain, Mitt Romney, Scott Brown, Chuck Grassley, Bob Bennett, Tommy Thompson, Lamar Alexander, Lindsey Graham, John Thune, Judd Gregg, and many other ... notable GOP officials.

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American Superconductor: Ex-employee sold IP to China firm

Thu, 15 Sep 2011 00:00:00 -0700

Bizjournals.com - Sep. 15 (News Report) - the company said a former employee of its Windtec subsidiary was arrested in Austria in July on charges of economic espionage and fraudulent manipulation of data. The employee was not named in the filing. The company said it now has evidence that the employee had been contracted by Sinovel to obtain parts of the company's wind turbine control software source code, and to transfer it to Sinovel.

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Rebuilt Ground Zero Billed as National Symbol, But Costly Construction Projects Outsourced Overseas

Fri, 09 Sep 2011 00:00:00 -0700

Democracy Now - By Juan Gonzalez - Sep. 09 (News Report) - While the 10th anniversary has made international headlines, little attention has been paid to some controversial aspects of the rebuilding at Ground Zero. At a time when President Obama is launching a massive jobs initiative, key parts of the construction project were outsourced overseas. A Chinese glass company won the contract to manufacture the special blast-resistant glass base of 1 World Trade Center. Some 250 tons of stainless steel from Germany will also be imported for the project.

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Obama's "21st Century Trade Deals" Look a Lot Like the Same Bad Policies He Campaigned Against

Fri, 09 Sep 2011 00:00:00 -0700

AlterNet - By Timothy A. Wise, Kevin Gallagher, Comment Is Free - Sep. 09 - Starting this week in Chicago, the US will be hosting the first major trade negotiations since the "Battle in Seattle" World Trade Organisation talks came here in 1999.

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In a cloud over ozone

Sat, 03 Sep 2011 00:00:00 -0700

Washington Post - By Eugene Robinson - Sep. 03 - GOP falsely blames EPA for the jobs shortage.

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In Africa, U.S. Watches China's Rise

Fri, 02 Sep 2011 00:00:00 -0700

Wall Street Journal - By Peter Wonacott - Sep. 02 (News Report) - China is expanding its economic and political ties with countries across Africa, resulting in a rapid rise in influence here that has sparked concern from the U.S. government

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China currency bill could delay passage of free trade deals

Tue, 23 Aug 2011 00:00:00 -0700

The Hill - By Vicki Needham - Aug. 23 (News Analysis) - The contentious and potentially explosive issue of China's currency could slide into the spotlight again next month as lawmakers begin what is expected to be a difficult trade debate in Congress.

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Panama Trade Deal Would Undercut Efforts To Get Rich Americans To Pay Taxes (VIDEO)

Tue, 09 Aug 2011 15:35:34 -0700

Huffington Post - By Zach Carter, Sara Kenigsberg - Aug. 09 (News Report) - During a Monday press conference addressing Standard & Poor's downgrade of U.S. debt, President Barack Obama reaffirmed his commitment to raising taxes on the wealthy. But as he pushes to get the rich to pay more into federal coffers, Obama is also urging Congress to approve a trade agreement that would cement a key tax avoidance tactic deployed by some of the richest Americans.

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UK sails ahead in offshore wind power

Wed, 27 Jul 2011 00:00:00 -0700

The Guardian - By Fiona Harvey - Jul. 27 (News) - The UK has sailed ahead in offshore wind power generation in the past six months, building more offshore windfarms than any other country in the world, and accounting for almost all of the turbines erected in European waters this year.

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Congress should reject proposed trade agreements and insist on better policies

Wed, 27 Jul 2011 00:00:00 -0700

Seattle Times - By Lynne Dodson, Kathleen Ridihalgh - Jul. 27 (Opinion) - The proposed U.S. trade agreements with South Korea, Colombia and Panama would continue to undermine the American economy, write guest columnists Lynne Dodson and Kathleen Ridihalgh. Washington's congressional delegation should reject them in favor of better policies.

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Monetary union, always unworkable, has set in train a European disaster | Simon Jenkins

Fri, 22 Jul 2011 00:00:00 -0700

The Guardian - By Simon Jenkins - Jul. 22 (Opinion) - The eurozone is edging closer to doomed fiscal union. But sceptics shouldn't celebrate, as the chaos will reach Britain too At last, a real crisis. The Franco-German salvage operation for the eurozone was inevitable for the simple reason that Armageddon never happens. Nicolas Sarkozy and Angela Merkel patched together yet another "temporary" bail-out for the Greeks, and will do so for the Portuguese and Irish if need be. German taxpayers will pay the Greeks' bills and aid Europe's banks as they continue to profit from 20% interest on their sovereign loans. Power always wins, so long as it can get someone else to pay. A more intriguing crisis erupts in Britain. The chancellor, George Osborne, showed impressive cynicism in abandoning his opposition to a "two-speed" Europe and demanding that the eurozone move swiftly to fiscal union – with Britain firmly outside. Only such a union, he said, would discipline the debtor nations and thus avoid bank anarchy that would spill over into the British ...

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