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,…
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) …
“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 | …
China used more cement between 2011 and 2013 than the U.S. used in the entire 20th Century. [Reposted from The Washington Post | Ana Swanson | March 24, 2015] It’s a statistic so mind-blowing that it stunned Bill Gates and inspired haiku. But can it be true, and, if so, how? Yes, China’s economy has grown…
When Singapore’s success first attracted notice, American and British economists scrambled to claim it as a victory for textbook laissez-faire. Supposedly if only the United States and the United Kingdom would let markets rip, they too could enjoy Singapore-like growth. [ by Eamonn Fingelton / March 23, 2015 / Forbes ] This could hardly…
For Immediate Release: Contact: Symone Sanders (202) 454-5108 March 25, 2015 Lori Wallach (202) 454-5107, [email protected] TPP Leak Reveals Extraordinary New Powers for Thousands of Foreign Firms to Challenge U.S. Policies and Demand Taxpayer Compensation Unveiling of Parallel Legal System for Foreign Corporations Will Fuel TPP Controversy, Further Complicate Obama’s Push for Fast Track [A…
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…
Senate Finance Committee Chairman Orrin Hatch (R-UT) on Tuesday (March 24) indicated that he planned to submit to Ranking Member Ron Wyden (D-OR) by the end of the day his final offer for changes to a draft Trade Promotion Authority (TPA) bill, without giving any details on the offer itself. [Reposted from Inside US Trade …
In August 2014, China’s state-owned Hudong-Zhonghua Shipbuilding Co. launched a new frigate, a small warship often used for submarine warfare or coastal defense, into Shanghai’s Huangpu River. As the frigate slid into the water, a casual passerby might have assumed that it was simply another ship in the Chinese Navy’s rapidly growing fleet. Yet…
As Congress prepares to consider fast track legislation to essentially pre-approve (without reading) the still-secret Trans-Pacific Partnership (TPP) opponents are working to get the word out and register opposition. Seattle’s city council is preparing to vote on a resolution opposing fast track, and a number of organizations sent an open letter spelling out what an acceptable fast track process would do. [Reposted from the Campaign for America’s Future blog | Dave Johnson | March 23,…
