In the last several months, the dollar has strengthened tremendously against other currencies like the euro, the pound and the yen. This largely reflects the realization among investors that the American economy will do much better than other major economies in the coming months. [Reposted from The New York Times | The Editorial Board …
Sen. Ben Cardin (D., Md.) is among the lawmakers looking into more of a consumption-tax system for the U.S. U.S. lawmakers on both sides of the aisle increasingly are finding appeal in an ambitious concept for overhauling the nation’s income-tax system: a tax based on consumption, a tool long used around the world. [Reposted from…
Here is a letter from Senator Chuck Schumer (D-NY) to a constituent who wrote asking him to oppose Fast Track trade authority. March 6, 2015 Dear Constituent: Thank you for writing to express your concerns regarding Trade Promotion Authority (TPA) legislation and the Trans Pacific Partnership agreement. I agree that Congress and the American people…
A key section of the secret Trans-Pacific Partnership (TPP) trade agreement has been leaked to the public. The New York Times has a major story on the contents of the leaked chapter and it’s as bad as many of us feared. [Reposted from the Campaign for America’s Future blog | Dave Johnson | March 27, 2015] Now we know why the corporations and the Obama administration want TPP, a huge “trade” agreement being negotiated between the United States and 11 other countries, kept secret from the public…
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, MARCH 27, 2015BEA 15-13 * See the navigation bar at the right side of the news release text for links to data tables,contact personnel and their telephone numbers, and supplementary materials. Lisa Mataloni: (202) 606-5304 (GDP) [email protected]Kate Shoemaker: (202) 606-5564 (Profits) [email protected]Jeannine Aversa: (202) 606-2649 (News Media) …
R-CALF United Stockgrowers of America“Fighting for the U.S.Cattle Producer”For Immediate ReleaseMarch 25, 2015 Washington, D.C. – In written testimony submitted for today’s hearing on meat labeling requirements held by the U.S. House Agriculture subcommittee on Livestock and Foreign Agriculture, R-CALF USA urged subcommittee members to take no action that would in any way undermine the…
“What’s good for General Motors is good for America:” Most of us can remember when this old adage was true. Nowadays, what’s good for any transnational corporation will be good for them, but it will often be bad for America’s main street businesses and their workers. [Reposted from Mesquite Local News | Frank Shannon | …
With the steel executives testifying before the U.S. Congress today about foreign steel imports we thought it might be interesting to ask Dan DiMicco former CEO of Nucor Steel about the subject. Mr. DiMicco responded to our request with the following: [Reposted from the MSU Newsletter | Dan DiMicco | March 27, 2015] Where do…
A Republican freshman lawmaker this week said he is actively working to generate opposition among the GOP caucus to congressional renewal of Trade Promotion Authority (TPA) based on the argument that it would hand over authority to a president who he charged has stumbled on foreign policy. [Reposted from Inside US Trade | March 19,…
WASHINGTON — An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment “expectations” and hurt their business, according to a classified document. [Reposted from The New York Times | Jonathan Weisman | March 25, 2015] The Trans-Pacific Partnership — a…