Senate Majority Leader Mitch McConnell (R-Ky.) dealt a significant blow to President Obama’s global trade agenda Thursday, declaring that a sweeping pact with 11 Pacific Rim nations should not be sent to Congress for approval until after the 2016 elections — and maybe not until after Obama leaves office. [ by Paul Kane…
FOR IMMEDIATE RELEASE December 10, 2015 Contact: Paola Masman, Media Director 202-688-5145, [email protected] Washington, DC- The Pew Research Center has released a report that shows how America’s middle class is no longer the majority. The middle class currently stands at 49.9% in comparison to 61% in 1971. Modern trade agreements have caused this middle class decline. Income…
Both sides want to resolve the investor court issue without reopening the deal. Canada’s new government is pushing the EU to move faster on a delayed trade deal, including a potential compromise on the key sticking point holding the deal up. [ by Hans von der Burchard | December 9, 2015 | Politico ]…
This should be a no-brainer: As much as possible, every dollar our federal government spends should help support American jobs and bolster the American economy. But that’s not happening to the extent that it can – and should. [Reposted from the Campaign for America’s Future blog | Isaiah Poole | December 10, 2015] Economist Robert…
Contact: Dan Crawford or Susan Balding, [email protected], 202-775-8810 Washington, DC | Dec 8, 2015 | Economic Policy Institute Between 2001 and 2013 the Walmart-based trade deficit with China eliminated or displaced more than 400,000 U.S. jobs, according to a new paper from EPI Director of Trade and Manufacturing Research Robert E. Scott. In…
The U.S. is becoming more appealing as a location for manufacturing capacity, a new survey by Boston Consulting Group suggests. [ by James R. Hagerty | December 9, 2015 | Wall Street Journal ] The consulting firm said 31% of manufacturing executives surveyed in September said they were most likely to add production capacity…
On December 1, 2015, CONNECT presented its Most Innovative New Product awards to winners in eight categories at its 28th annual event at the Hyatt Regency Aventine. CONNECT is a premier innovation company accelerator in San Diego that helps startup entrepreneurial teams become great companies in the technology and life sciences sectors by providing access…
China’s steel sector used to be one of the country’s industrial champs, growing at double-digit rates year after year. This year, however, demand has fallen for the first time in two decades. [Reposted from National Public Radio’s site | Frank Langfitt | December 8, 2015] Click here to listen to this story. Transcript: DAVID GREENE,…
U.S. Agriculture Secretary Tom Vilsack on Tuesday (Dec. 1) indicated the U.S. is staking out a defensive position when it comes to dairy market access in the Transatlantic Trade and Investment Partnership (TTIP) negotiations in light of what he said are the hardships being experienced by the U.S. industry due in part to record…
U.S. Trade Representative Michael Froman has committed to Republican members of the House Ways & Means Committee that he will work with them to try and address their objections to certain aspects of the Trans-Pacific Partnership (TPP) agreement, including the exclusivity period for biologic drugs, according to Rep. Dave Reichert (R-WA). Inside U.S. Trade…