Aligning American firms with American values

During the Reagan administration, American companies believed that in addition to returning profits to their shareholders, they also held a moral obligation to consider the interests of their employees, community and nation. [Dana Rohrabacher and Greg Autry| May 26, 2016 |Washington Times] America’s current business model suffers from a tragic misalignment of interests that is…

The Leaks Go On

The 18th round of negotiations on a secret deal to limit public oversight over the services economy starts today at the World Trade Organization (WTO) in Geneva, and negotiators will have a new item on their agenda: how to deal with the onslaught of leaks of proposals that were supposed to remain locked away in…

RUBIO DISAPPOINTED BY ITC NUMBERS ON TPP

Sen. Marco Rubio weighed in Tuesday on the ITC’s projections of economic gains from TPP, calling them “a little bit disappointing.” But he indicated he hasn’t made up his mind about the deal. [Victoria Guida and Doug Palmer| May 25, 2016 |Politico] “We’ve seen the report that just came out,” the former presidential candidate told…

US Government’s Own Report Shows Toxic TPP “Not Worth Passing”

The government’s own assessment of the toxic Trans Pacific Partnership (TPP) shows that the controversial trade deal will produce negligible economic benefits while damaging most Americans’ jobs and wages. [Deirdre Fulton| May 19, 2016 |Common Dreams] The U.S. International Trade Commission’s (ITC) report (pdf), issued Wednesday, shows that the TPP “would likely have only a small positive…

USITC Report Reveals TPP Will Shrink US Manufacturing

On May 18, 2016, the U.S. International Trade Commission (USITC)  released its report, “Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors,” relative to the agreement  that President Obama signed in February with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. [Michele Nash-Hoff| May…

Michael Froman’s Parallel Universe

by Michael Stumo I listened to US Trade Representative Michael Froman discuss the Trans-Pacific Partnership yesterday on a business group conference call, after the US International Trade Commission report came out. Despite the fact that the report nullified Froman’s entire economic case for the TPP, you would never know it from his talk. Froman created…