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…

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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…

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Wall St. groups threaten to sit out trade pact push

Power players in the financial services industry are threatening to sit out the push for President Obama’s Pacific Rim trade deal unless the administration addresses one of their main objections to the pact. [Vicky Needham| May 12, 2016 |The Hill] Banks, insurance companies and other financial companies oppose a provision in the 12-nation Trans-Pacific Partnership…

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