The Pentagon budgets about $15 million every year for athletic shoes vouchers, but not all of it goes to buy American-made footwear. New Balance hopes a 75-year-old law will force the Senate to change that. [Bloomberg| June 6, 2016 |Industry Week] New Balance Athletic Shoe Inc. is close to winning an almost decade-long marathon:…
Foreign corporations could sue to undermine US protections for consumers’ health, safety and financial security under a provision added to the proposed Trans-Pacific Partnership trade deal (TPP) after executives of big banks pressed the nation’s chief trade negotiator, himself a former big-bank executive, to include it. [Kathy Kiely| June 1, 2016 |Moyers & Company]…
The Trans-Pacific Partnership, the huge new 12-country trade deal, raises the question: How low would we go to get the next NAFTA-style deal? [Stan Sorscher| June 7, 2016 |Huffington Post] The basic idea of a trade deal is that we will lower our tariffs, you will lower your tariffs, and trade goes up. That…