Chinese state entities argue they have ‘sovereign immunity’ in U.S. courts

BEIJING (Reuters) – Some Chinese state-owned entities, backed by the key government agency that oversees major state industrial companies, have adopted a controversial defense when they face U.S. lawsuits: You can’t touch us because we enjoy sovereign immunity. [Matthew Miller & Michael Martina| May 11, 2016 |Reuters] Aviation Industry Corporation of China (AVIC), China’s biggest state-owned…

Ralph Gomory: America Rethinks Free Trade

This extraordinary primary season has clearly shown that Americans, whether Democrats or Republicans, have finally rebelled against “free trade.” [Ralph Gomory| May 11, 2016 |The Huffington Post] It is high time. There is an enormous gap between free trade as it is taught in textbooks and advocated by those who benefit from it and free…