The economy added 321,000 jobs in November—a dramatic jump from October. Overall the economy is creating many more jobs, but the outlook remains guarded. [By Peter Morici | December 5, 2014] Unemployment stayed constant at 5.8 percent because the jobs count is based on the survey of employers, whereas unemployment is based on a direct…
NEW YORK – The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be under way. The BOJ’s effort to weaken the yen is a beggar-thy-neighbor approach that is inducing policy reactions throughout Asia and around the world.…
In a speech to the Business Roundtable, President Obama reiterated his commitment to Fast Track trade authority and to stupid trade and global governance deals like the TPP. Obama, McConnell and Boehner all favor these trade deals. The professional opinion-havers in the media and on the Hill say they can cooperate on these mercantilism appeasement…
Hang on to your hats, America. And throw away that big, fat styrofoam finger while you’re about it. [by Brett Arends | December 4, 2014 | Market Watch] There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The…
Charles Blum comments on President Obama’s remarks on trade to the Business Roundtable this week. ————– So, President Obama thinks that anyone who questions the opaque Trans-Pacific Partnership is in effect arguing for perpetuating the “status quo.” A while back, he charged critics of the TPP and its baby sister the Trans-Atlantic Trade and Investment…
Senator Orrin Hatch says he wants to push Fast Track authority next year as incoming chairman of the Senate Finance Committee. The Senate Finance Committee has jurisdiction over trade. Hatch gave these remarks to the National Foreign Trade Council on December 3, 2014 when receiving the NFTC’s 2014 World Trade Award. “Let me be clear,”…
