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Keyword: trade

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  • 'I, Whiskey': Free Markets And The Human Spirit [COMMERCE GOOD, IMPORT TAXES BAD]

    10/17/2016 5:42:04 AM PDT · by expat_panama · 3 replies
    Investors Business Daily ^ | October 14, 2016 | RICHARD MORRISON
    In a political season that's seen a lot of skepticism about big business and trade, it can be good to step back and remind ourselves of how the buying and selling we do every day fits into our vision of a just society. In that spirit, a new film from the Competitive Enterprise Institute takes a look at how commerce fosters valuable connections between us and our neighbors, and how the freedom of consumers and entrepreneurs lies at the heart of our friendships, relationships, and higher goals for ourselves. "I, Whiskey: The Human Spirit" is a short-form documentary... ...Each industry...
  • Donald Trump’s War of Independence

    10/15/2016 10:52:57 AM PDT · by Kaslin · 48 replies ^ | October 15, 2016 | David R. Usher
    Donald Trump is leading America’s third war of Independence (the first two being in 1776 and the War of 1812). Donald Trump’s declaration of independence from the Establishment in both parties was long coming.  He bounced between parties for two decades before coming to the conclusion that both parties worshipped globalism. He had no choice but to run for the Presidency.  His candidacy is in fact America’s Third War for Independence.  Trump’s campaign touched the taproot of the Electorate.  Most Americans cannot quite put a finger on the reason,  but understand one thing: they know they have been sold...
  • Inequality Is Still the Defining Issue of Our Time [TPP/TRADE IS UNEQUAL]

    10/13/2016 3:42:17 AM PDT · by expat_panama · 4 replies
    The Nation ^ | October 12, 2016 2:41 pm | Robert L. Borosage
    Opponents of the Trans Pacific Partnership protest outside the White House. (Reuters / Gary Cameron) In 2011, President Obama, speaking in the wake of Occupy Wall Street, called inequality the “defining issue of our time.” Now Jason Furman, chair of the Council on Economic Advisors, argues that Obama “narrowed the inequality gap” more than any president in 50 years... ...Don’t take down the barricades. Inequality remains extreme and continues to widen... measures Obama’s reductions against what inequality would have been if George Bush’s policies had been sustained through the Great Recession... ...the richest 1 percent continue to pocket the...
  • German exports post biggest rise in more than six years

    10/10/2016 7:24:53 PM PDT · by Berlin_Freeper · 3 replies ^ | October 10, 2016 | Joseph Nasr
    German exports rebounded more than expected in August, recording their biggest rise in more than six years and dispelling fears that Europe's biggest economy is heading for a slowdown. Seasonally adjusted exports rose by 5.4 percent, the largest rise since May 2010, data from the Federal Statistics Office showed on Monday, while imports increased by 3.0 percent. The data signals that exports, which had been weakening and losing their traditional role as the main growth driver in Germany, will contribute to an expected expansion in the third quarter.
  • There Are No 'Myths' Or Exceptions About Free Trade: It's Always Unrelentingly Good

    10/10/2016 4:05:47 AM PDT · by expat_panama · 44 replies
    Forbes ^ | Oct 9, 2016 @ 09:00 AM | John Tamny
    For those who ever find themselves questioning the good of free trade, arguably the best cure for such a lapse of reason is a quick read of Henry Hazlitt’s Economics In One Lesson. In it Hazlitt wrote that “What is harmful or disastrous to an individual must be equally harmful or disastrous to the collection of individuals that make up a nation.” Hazlitt’s powerful quote will cure Keynesians of just about everything they believe, including the horrid idea that war is good for the economy. As for conservatives who occasionally find themselves swimming in a protectionist direction, the Hazlitt quote...
  • Hillary Clinton’s Wall Street Speeches Have Leaked. No Wonder She Didn’t Want Them to Get Out.

    10/08/2016 6:12:09 PM PDT · by 2ndDivisionVet · 17 replies
    Slate's Moneybox ^ | October 7, 2016 | Jordan Weissmann
    Throughout the Democratic presidential primary, Sen. Bernie Sanders challenged Hillary Clinton to release excerpts of the paid, private speeches she delivered to Wall Street audiences following her time as secretary of state. She refused—which occasionally made things pretty awkward, since her resistance suggested the remarks could contain something explosive. Now excerpts of the speech transcripts appear to be out. On Friday evening, WikiLeaks released a trove of hacked emails belonging to Clinton campaign chairman John Podesta. These include a long missive from the candidate's research director, Tony Carrk, in which he flags portions of Clinton's remarks that could potentially trip...
  • Leaked emails show Clinton professing different messages to Wall Street and the public on trade

    10/08/2016 5:10:09 PM PDT · by BenLurkin · 16 replies
    business insider ^ | 10/08/2016 | Pamela Engel
    Clinton said it's important to have both a "public" and "private" position on certain issues. "If everybody's watching, you know, all of the back room discussions and the deals, you know, then people get a little nervous, to say the least," she said. "So, you need both a public and a private position. " She also appeared to express concern about how her positions appear politically. "You just have to sort of figure out how to — getting back to that word, 'balance' — how to balance the public and the private efforts that are necessary to be successful, politically,...
  • Leaked Hillary Clinton Speech to Foreign Bank: ‘My Dream Is ... Open Trade and Open Borders’

    10/07/2016 6:54:43 PM PDT · by Rockitz · 64 replies ^ | 7 Oct 2016 | Julia Hahn
    In closed-door remarks delivered to a foreign bank, Hillary Clinton declared that her “dream is a hemispheric common market, with open trade and open borders.” This statement from one of Clinton’s private paid speeches was discovered in leaked emails of Clinton’s campaign chair, John Podesta, which were made public by WikiLeaks. One email, which provided partial transcripts of some of Clinton’s speeches, reads in part: *Hillary Clinton Said Her Dream Is A Hemispheric Common Market, With Open Trade And Open Markets. * “My dream is a hemispheric common market, with open trade and open borders, some time in the future...
  • China’s Hostile Cyber and Trade War: It's Threat To National Security

    10/07/2016 7:11:20 AM PDT · by Kaslin · 9 replies ^ | October 7, 2016 | Ken Blackwell
    As we witness the home stretch of the presidential election with candidate debates, campaign stops, and political ads, both parties have an opportunity to talk substantively about a serious trade issue – ongoing efforts by China to hack and steal intellectual property from U.S. companies and using stolen U.S. trade secrets to manufacture their own cut rate products. One assistant attorney for U.S. National Security describes the Chinese hacking campaign against the United States a true, “national security emergency.” China has created what some describe as an army of hackers – numbering in the thousands – high tech soldiers that...
  • This popular backlash to global trade threatens mass instability

    10/03/2016 4:52:55 AM PDT · by expat_panama · 5 replies
    Telegraph ^ | 30 September 2016 • 9:26pm | Andrew Sentance
    Recent events have pushed the issue of international trade to the top of the economic agenda – not just here in the UK, but elsewhere in the world. The Brexit vote in the EU referendum has called into question the trading relationship with our European trading partners and the UK’s trade relationship with the rest of the world.... ...Trump has been highly critical of the existing trade agreements between the United States and other countries. He blames these “bad trade deals”... ...the World Trade Organisation (WTO), which oversees the international trading system, is warning of the slowest growth of exports...
  • Memo To Trump: Blame Obama, Not Ford, For Small Car Shift To Mexico

    10/03/2016 3:02:28 AM PDT · by expat_panama · 48 replies
    Investors Business Daily ^ | 9/30/2016 | Editorial
    Industrial Policy: Donald Trump has been bashing Ford for deciding to shift small car production to Mexico. He's pointing the finger of blame at the wrong target. A big driver behind Ford's move is President Obama's push for tougher federal fuel mandates. Earlier this year, Ford (F) announced that it was building a major small-car assembly plant south of the border, and more recently said it was going to shift all its small car production to Mexico within a few years. Trump has called it an "absolute disgrace" and says he'd hit Ford with a 35% import tax on these...
  • Asian Metal Found in Alaska Reveals Trade Centuries Before European Contact

    10/02/2016 2:15:35 PM PDT · by LouieFisk · 41 replies ^ | September 29, 2016 | Blake de Pastino
    A bronze buckle and a cylindrical metal bead found in Alaska are the first hard evidence of trade between Asia and the indigenous peoples of the North American Arctic, centuries before contact with Europeans, archaeologists say. An analysis of the artifacts has shown that they were smelted in East Asia out of lead, copper, and tin, before finding their way to an indigenous village some 700 years ago.
  • Opinion: How Donald Trump hijacked the Democrats’ best issue

    10/01/2016 2:53:41 PM PDT · by 2ndDivisionVet · 39 replies
    Market Watch ^ | September 30, 2016 | Rex Nutting
    Trump’s populist campaign is fueled by working-class anger about unfair trade, an issue the Democrats need to reclaim The Democratic Party could have blocked the rise of Donald Trump years ago if it had just listened. The story of Trump’s amazingly successful movement is also the story of how Democrats turned their backs on their working-class roots and sided with the elites on the crucial economic question of our times: Who would win from globalization, and who would lose? The facts are stark. Since 1994, when the North American Free Trade Agreement went into effect and the U.S. began the...
  • Was NAFTA Really So Bad for the Economy? Will NAFTA Come Back to Haunt Hillary Clinton?

    09/30/2016 4:32:46 AM PDT · by expat_panama · 95 replies
    The Fiscal Times ^ | September 28, 2016 | Janna Herron
    ...Trump called the trade agreement between Canada, Mexico and the United States “the single worst trade deal ever approved in this country” during the first presidential debate against Hillary Clinton. Earlier this year, Bernie Sanders leveled a similar criticism, calling it disastrous when debating the former secretary of date... ...But whether NAFTA has been good or bad for the U.S. economy depends largely on who you ask... ...NAFTA “means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement,” then-President Clinton said in 1993. Fast forward more than two decades later and NAFTA...
  • Are the U.S. and China Headed Towards a Naval War in Asia?

    09/29/2016 4:53:58 PM PDT · by cba123 · 11 replies
    The National Interest ^ | September 29, 2016 | Dave Majumdar
    The United States does not have a coherent strategy to deal with a rising People's Republic of China in the Western Pacific. Nor do foreign policy experts specializing in the Asia-Pacific region have a concrete set of ideas to coax an increasingly assertive Beijing into accepting the U.S.-led post-Second World War liberal-institutional world order or to reassert Washington's dominance in the region. It is becoming increasingly clear that China hopes to chart its own course independent of the existing Western frameworks as Beijing reaffirms its claims to the South China Sea and continues to build artificial islands in the region,...
  • IMF study warns free trade seen as benefiting 'only a fortunate few'

    09/29/2016 1:56:45 AM PDT · by 2ndDivisionVet · 3 replies
    The Manchester Guardian ^ | September 27, 2016 | Larry Elliott
    The International Monetary Fund has warned that free trade is increasingly seen as benefiting only the well-off and that help is needed for those whose job prospects have been damaged by globalisation in order to put fresh momentum behind removing barriers to international commerce. In a chapter from the half-yearly World Economic Outlook study released ahead of its annual meeting next week, the IMF said the weakness of the global economy, rather than a wave of protectionism, had been largely responsible for the sharp slowdown in trade growth over the past four years. But it said the uptick in protectionist...
  • Earnest Stumped – Lame, Death To America Reasons He Says Obama Must Pass TPP

    09/29/2016 1:04:45 AM PDT · by Beowulf9 · 6 replies ^ | September 28, 2016 | Rick Wells
    The reporter asks White House spokesliar Josh Earnest questions regarding the determination of Hussein Obama to force through what should be titled the Corporate Government Fascism Enablement And Benefits Act, what is deceptively marketed as a trade agreement, TPP. The Trans-Pacific Partnership is strongly opposed by Donald Trump and Hillary Clinton claims to have flip-flopped her position and now be opposed to it. That’s a point that Donald Trump made in the first debate, that she was initially in favor of it and her newfound dedication to its defeat is tepid at best. He also voiced his belief that if...
  • More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade

    09/28/2016 8:42:37 PM PDT · by Theoria · 21 replies
    The New York Times ^ | 29 September 2016 | Peter S. Goodman
    Trade is under attack in much of the world, because economists failed to anticipate the accompanying joblessness, and governments failed to help. For as long as ships have ventured across water, laborers like Patrick Duijzers have tied their fortunes to trade. He is a longshoreman here at Europe’s largest port, and his black Jack Daniel’s T-shirt, hoop earrings and copious rings give Mr. Duijzers the look of a bohemian pirate. His wages put him solidly in the Dutch middle class: He has earned enough to buy an apartment and enjoy vacations to Spain. Lately, though, Mr. Duijzers has come to...
  • US election: For the cynical, of the cynical

    09/23/2016 12:37:29 PM PDT · by Jyotishi · 4 replies
    The Pioneer ^ | Saturday, September 24, 2016 | Ashok Malik
    Bruce Stokes of the Pew Research Center based in Washington, DC, was in Delhi for a series of talks. He presented results of opinion polls that offer an interesting insight into the contemporary American mind Every leap year, the United States presidential election becomes the most watched such event in the world. The quantum of coverage only grows with each successive election, as media and social media capacities expand worldwide. Yet, this year the election has acquired a special significance due to a mix of factors. First, there are the compelling personalities -- in their own ways, Donald Trump and...
  • Robert J. Samuelson: The Last Days Of Free Trade?

    09/22/2016 3:38:26 AM PDT · by expat_panama · 60 replies
    Investors Business Daily ^ | September 21, 2016 | ROBERT J. SAMUELSON
    Guess what? A President Trump could adopt his new trade agenda without any authorization from Congress -- and this could trigger a global trade war and a deep U.S. recession. Policies that promise to make us stronger economically could do the opposite. That's the main take-away of a study... ...Trump could implement most of his proposals, which repudiate decades of pro-trade policies, by executive order. So contends Peterson's Gary Hufbauer after a review of trade laws. Over the past century, Hufbauer says, Congress has passed many laws that "authorize the president to impose tariffs...... ...Trump's bluster may simply be a...
  • Blame for Ford’s Mexico Move Falls On Obama Administration

    09/20/2016 1:56:30 PM PDT · by Kaslin · 56 replies ^ | September 20, 2016 | Marita Noon
    Ford Motor Company made headlines on Wednesday, September 9, when, during an investor conference, CEO Mark Fields told attendees that it will invest $1.6 billion building a manufacturing plant in San Luis Potosi, Mexico, and will move all of its small car production there during the next two to three years. The announcement was hardly news as Ford has been talking about the shift for more than a year. But in the throes of an election that has both candidates decrying companies that send jobs to low-wage countries, the decision was an invitation for attention. The next day, during a...
  • Bill Clinton: Don’t blame NAFTA, blame activist investors

    09/20/2016 11:09:44 AM PDT · by NormsRevenge · 23 replies
    Yahoo Finance ^ | 9/20/16 | [CNBC] Christine Wang
    <p>Bill Clinton told CNBC on Tuesday that activist investors, rather than trade deals, are partially at fault for U.S. corporations moving operations out into Mexico.</p> <p>GOP presidential hopeful Donald Trump has called for "economic independence" and blamed globalization for "totally" wiping out the American middle class. Trump has previously called NAFTA "the worst trade deal in history" and blamed Bill and Hillary Clinton for endorsing it.</p>
  • Obama enlists GOP's Kasich to push for TPP trade deal

    09/16/2016 5:13:21 PM PDT · by rockinqsranch · 33 replies
    Reuters ^ | September16, 2016 | Roberta Rampton
    WASHINGTON—Ohio Republican Gov. John Kasich took over the White House briefing lectern on Friday to praise the 12-nation Trans-Pacific Partnership, an unusual move that shows how hard President Barack Obama will push for the trade deal's approval.
  • Ohio Gov. John Kasich meets President Obama, wants to help him pass [TPP]

    09/16/2016 3:04:58 PM PDT · by SoFloFreeper · 63 replies ^ | 9/16/16 | Stephen Koff
    Ohio Gov. John Kasich today joined President Barack Obama's effort to push Congress to approve a sweeping Pacific Rim trade deal that has appeared doomed for months. Kasich went so far as to meet with Obama at the White House, then address reporters there on the Trans Pacific Partnership....
  • Donald Trump reveals more details of his tax plan

    09/15/2016 12:45:33 PM PDT · by E. Pluribus Unum · 3 replies
    The Washington Compost ^ | 2016-09-15 | Jim Tankersley
    Republican presidential candidate Donald Trump put new details on a much scaled-back tax plan on Thursday, one that is projected to cost the federal government less money but also to deliver fewer benefits to taxpayers than Trump's original proposal. Trump's economic team estimated that the complete tax plan, combined with rollbacks to some federal regulations and new initiatives to open up more public and private lands for oil and gas drilling, would deliver 3.5 percent growth per year for the next decade and produce 25 million new jobs. The changes also appear to be an attempt to reduce what analysts...
  • Here's everything Donald Trump just promised in his major speech on the economy

    09/15/2016 12:00:26 PM PDT · by E. Pluribus Unum · 22 replies
    Business Insider ^ | 2016-09-15 | Allan Smith
    Donald Trump on Thursday shared his economic vision with supporters gathered at the Waldorf Astoria hotel in Manhattan, promising trillions in tax cuts, energy reform, a crackdown on trade, and a reduction in the number of tax brackets. Trump, the Republican presidential nominee, estimated his plan would create 25 million in new jobs, and that the massive tax cut would be offset by gross domestic product growth of at least 3.5%, on average, each year for the next decade. "This is the most pro-growth, pro-jobs, pro-family plan put forth perhaps in the history of our country," Trump said, according to...
  • Drowning Hanjin may not be alone among global shippers

    09/10/2016 9:52:13 AM PDT · by Lorianne · 12 replies
    Japan Times ^ | 04 September 2016
    The problems that sank South Korea’s Hanjin Shipping last week could be just the tip of the iceberg, with the long global downturn leaving the industry burdened by excess capacity. With growth refusing to budge and consumer demand still slack, the world’s freight carriers have more ships than they can fill — a quarter of cargo space lies empty. That has led to fierce price cuts and cut-throat competition, badly impacting the bottom lines of some of the giants of the seas. Those problems played out last week when Hanjin, the world’s seventh-largest shipping firm, filed for bankruptcy in Seoul,...
  • Trump and Clinton are Both Wrong: Free Trade is Good for People

    09/09/2016 1:49:55 PM PDT · by MichCapCon · 72 replies
    Capitol Confidential ^ | 9/9/2016 | Jarrett Skorup
    If the government prevented people from shopping outside of their own town or state, they would be outraged and recognize it as limiting their freedom. If Michigan businesses were prevented from buying or selling their products to people from other states, most people would understand that to be economically destructive. Yet when it comes to the issue of foreign trade a lot of people from both sides of the political spectrum are opposed to allowing a similar free flow of products and services between countries. That’s why the two main presidential candidates are able to run their campaigns with antitrade...
  • Transportation Sector Under Threat From Amazon

    09/06/2016 8:29:28 AM PDT · by bananaman22 · 19 replies ^ | 06-09-2016 | Mike
    Investors in the transportation sector are facing a sea of change thanks to the rise of online commerce. A major part of that change is, and the firms move towards using in-house transportation portends of more evolution to come. With thousands of shipments daily, is leading the way in creating its own in-house transportation via airplanes. This could potentially pave a path for other online retailers, as well as for the future development of other devices like drones which threaten companies that may not have the available funds to invest in them.
  • Does Chinese Civilization Come From Ancient Egypt?

    09/05/2016 2:46:13 PM PDT · by Theoria · 26 replies
    Foreign Policy ^ | 02 September 2016 | Ricardo Lewis
    A new study has energized a century-long debate at the heart of China's national identity. On a cool Sunday evening in March, a geochemist named Sun Weidong gave a public lecture to an audience of laymen, students, and professors at the University of Science and Technology in Hefei, the capital city of the landlocked province of Anhui in eastern China. But the professor didn’t just talk about geochemistry. He also cited several ancient Chinese classics, at one point quoting historian Sima Qian’s description of the topography of the Xia empire — traditionally regarded as China’s founding dynasty, dating from 2070...
  • Free Trade and Trump (trade globalist caucus, impimp vanity)

    09/02/2016 5:37:37 AM PDT · by impimp · 53 replies
    2 September 2016 | impimp
    First Trump had a great speech on immigration with his 10 point plan. It does look like he is going soft on deporting everyone though. Hopefully not as immigration softening is not good. But now the bad news...Trump still hasn't embraced the wisdom of free trade. Make no mistake about it - just as prochoice = baby killing, fair trade = economy crushing protectionism. Has anybody seen any sign that Trump is coming over to the free trade globalist camp? My only hope is that he will "soften" his position on trade deals just as he seems to be softening...
  • Is Trump Wrong about U.S. Trade with Mexico?

    09/02/2016 5:10:40 AM PDT · by expat_panama · 146 replies
    Human Events ^ | Thursday Sep 1, 2016 1:31 PM | Mark Skousen
    “NAFTA is the worst trade agreement we’ve ever made in our history — the worst!”— Donald TrumpOne of Donald Trump’s signature campaign slogans has been “We will build a wall and make Mexico pay for it.”Trump has attracted a lot of voters — though probably not enough to win the election in November — by attacking hallmarks of American success, the principles of free trade and relatively open borders. We are often characterized as a melting pot, a nation of immigrants who are all seeking the American dream.Trump wants to change that and build walls around America, rather than bridges....
  • The shipping industry sinks as global trade slows

    08/31/2016 9:31:00 PM PDT · by Olog-hai · 17 replies
    Marketplace Business News ^ | August 31, 2016 | 11:12 AM | Ashley Milne-Tyte
    Today a big Korean shipping company called Hanjin declared bankruptcy. It may be far away, but that move is a testament to an industry in trouble. Volume is way down all over the world as trade remains sluggish. Add to that the fact that just as demand wanes, a whole load of new vessels come online, and there’s a problem. Shipping hit a crisis in 2008 as demand for goods plunged. It’s never fully returned. John Butler is CEO of the World Shipping Council. He said after the financial crisis, when oil prices were spiking, “There was an expectation that...
  • Mark Levin aka "The Great One" has always been a conservative and friend of Free Republic

    08/31/2016 11:52:34 AM PDT · by Jim Robinson · 468 replies
    August 31, 2016 | Jim Robinson
    Mark Levin aka "The Great One" has always been a great constitutional conservative and great friend of Free Republic. Doesn't post much anymore but has had an account here (holdonnow) from nearly the beginning. He stood up for FR when his good friend Hannity was running us down. Also when O'Reilly accused us of not moderating our forum good enough against racism. I hate to see our good friend getting trashed on FR. I understand why people are upset with him over his position against Trump, but best advice I can give is if you can't stand him, don't listen....
  • Democrat Tom Coyne: Trump Is Challenging ‘Institutional Elites’ in Both Parties

    08/30/2016 10:53:55 AM PDT · by Dana1960 · 17 replies
    Breitbart ^ | 8/30/16 | Dan Riehl
    Tom Coyne, a lifelong Democrat and the mayor of Brook Park, Ohio, spoke about his endorsement of Republican presidential nominee Donald Trump with Breitbart News Daily SiriusXM host Matt Boyle. Coyne said: The parties are blurred. What’s the difference? They say the same things in different tones. At the end of the day, they accomplish nothing. Donald Trump is challenging the very fabric of the institutional elites in this country on both sides that have, quite frankly, just straight up screwed this country up and made the world a mess. Regarding the GOP establishment’s so-called Never Trumpers, Coyne stated, “If...
  • Is 'Transparency' In Trade Talks Just A Smoke Screen?

    08/30/2016 3:27:25 AM PDT · by expat_panama · 11 replies
    Investors Business Daily ^ | August 29, 2016 | DANIEL R. PEARSON
    One of the criticisms of trade agreements such as the Trans-Pacific Partnership (TPP) is that they are negotiated in secret. Government-to-government discussions generally are conducted in private, so some confidentiality in trade talks is not surprising. The AFL-CIO, an advocate for greater transparency, asserts that "such secrecy is inconsistent with democratic principles" and has the effect of advancing "the policy preferences of political and economic elites, not the broad interest of the populace at large." There is no doubt that transparency in government is a desirable goal. Transparency helps to assure accountability, and at times might even lead to more...
  • Obama Plotting to Ram TPP Through Congress in Lame Duck

    08/26/2016 2:26:47 PM PDT · by detective · 26 replies
    The New American ^ | 25 August 2016 | Alex Newman
    Despite the sovereignty-destroying Trans-Pacific Partnership being so unpopular that both major parties' presidential candidates are campaigning against it, the Obama White House notified Congress that legislation to approve the globalist “free-trade” regime was on its way. It seems that the establishment is hoping to ram through the deeply controversial regional-governance scheme during the “lame-duck” session of Congress — after the election and after voters lose their chance to remove elected representatives for at least another two years. Critics in Congress and beyond from all across the political spectrum, though, are speaking out forcefully. Opponents noted that one way to stop...
  • The Postal Service is losing millions a year to help you buy cheap stuff from China

    08/23/2016 6:17:40 PM PDT · by Paul R. · 49 replies
    Washington Post ^ | September 12, 2014 | Jeff Guo
    ...All of this is little comfort to McGrath, who chafes at the thought of the Postal Service helping Chinese merchants poach his customers. “All of us sellers are selling a lot of Chinese goods in America but at least we’re creating jobs, making money, and adding to the economy,” he said. “But when people buy direct from China that’s adding nothing to the American economy.”
  • Central Banks Now Selling US Debt at Record Pace

    08/18/2016 11:12:36 AM PDT · by milton23 · 16 replies
    Daily Signal ^ | 8/18/16 | William T. Wilson
    In the first six months of 2016, foreign central banks sold a net $192 billion of U.S. Treasury bills, notes, and bonds. This is more than double the pace from the same time last year. China, Japan, and Brazil were the leaders in selling U.S. debt. With the U.S. debt running at approximately $19.4 trillion, this could be problematic. A large selloff of U.S. bonds would decrease their price, or in other worlds, increase domestic interest rates in general (bond prices and interest rates always move in the opposite direction).
  • WikiLeaks' Assange - TPP Not Only Trade, 83% Is Fascists Controlling Our Daily Lives

    08/13/2016 12:50:23 PM PDT · by TigerClaws · 63 replies
    Published on Aug 13, 2016 WikiLeaks' Assange - TPP Not Only Trade, 83% Is Fascists Controlling Our Daily Lives - Once We're In, We're Stuck Forever WikiLeaks founder Julian Assange knows more about the contents of the TPP than most members of Congress and is doing much more to inform the American public than any of our so-called representatives with the lone exception of Senator Jeff Sessions (R-AL). He has no restrictions other than his politically-motivated confinement to the Ecuadorian Embassy in London on his freedom to disclose the truth to the world and he is sounding the alarm. Assange...
  • Donald J. Trump Remarks on Creating a New and Better Future for America’s Inner Cities

    08/16/2016 8:39:55 PM PDT · by Ray76 · 82 replies ^ | Aug 16, 2016 | Donald J. Trump
    It’s so great to be here tonight. I am honored to also be joined this evening by Governor Scott Walker, Chairman Reince Priebus, and Mayor Rudy Giuliani. We are at a decisive moment in this election. Last week, I laid out my plan to bring jobs back to our country. Yesterday, I laid out my plan to defeat Radical Islamic Terrorism. Tonight, I am going to talk about how to make our communities safe again from crime and lawlessness. Let me begin by thanking the law enforcement officers here in this city, and across this country, for their service and...
  • Tough Talk On Trade

    08/15/2016 4:15:16 AM PDT · by expat_panama · 33 replies
    Investors Business Daily ^ | August 12, 2016 | Editorial
    Trade: On the campaign trail, both Republican candidate Donald Trump and Democratic presidential candidate Hillary Clinton have become increasingly anti-free trade. Free traders may be in for a nasty surprise. Right now, given current polls, Clinton seems most likely to be the next chief economic policy maker. If so, she will be the most anti-free trade leader of a major party since World War II. In recent days, Clinton has criticized trade deals that she says hurt jobs... ...she promised to "ramp up enforcement" of trade laws and to even appoint a "chief trade prosecutor." Criminalizing trade. Really? Economists largely...
  • Still Report #1116 – Julian Assange – TPP Text is Still Top Secret

    08/14/2016 10:40:22 AM PDT · by GilGil · 39 replies
    Still Report ^ | 8/14/2016 | Bill Still
    Good morning, I’m still reporting on TPP. According an interview with Julian Assange done by Amy Goodman of Democracy Now, less than 14% of the text of the TPP has been released to the public. Twenty-five of its 29 chapters are still secret. According to Assange: “Once we’re in, we’re stuck forever.” Goodman interviewed Assange at the Ecuadorian Embassy in London on Monday and published the interview yesterday over the Pacifica network on their daily news show, Democracy Now at This is simply outrageous! I just don’t know how to describe this in non-conspiratorial terms. We stand on the...
  • Insanity Once More: The Hillary Clinton Economic Plan

    08/13/2016 2:24:05 PM PDT · by Kaslin · 10 replies ^ | August 13, 2016 | Larry Kudlow
    Doing the same thing over and over again and expecting different results, when in fact the results never change, is one definition of insanity. That definition works for economic insanity, too. Over the past seven-and-a-half years, President Obama has maintained a steady course of burdensome new regulations, significant tax increases, and massive federal spending on so-called infrastructure. He has unconstitutionally ordered executive actions, favored labor over business, attacked banks, insulted successful corporate leaders, and backed federal-government mandates on business. And with all this, strong economic recovery from a deep recession -- which has been an American tradition -- never came...
  • Obama puts Congress on notice: TPP is coming

    08/12/2016 8:53:34 PM PDT · by Theoria · 39 replies
    Politico ^ | 12 Aug 2016 | Adam Behsudi
    The White House put Congress on notice Friday morning that it will be sending lawmakers a bill to implement President Barack Obama’s landmark Trans-Pacific Partnership agreement — a move intended to infuse new energy into efforts to ratify the flat-lining trade pact. The move establishes a 30-day minimum before the administration can present the legislation, but the White House is unlikely to do so amid the heated rhetoric of a presidential campaign in which both major party nominees have depicted free trade deals as massive job killers. Friday's notification is the clearest signal yet that the White House is serious...
  • Donald Trump’s Plan for “Winning the Global Competition”

    08/09/2016 7:41:23 AM PDT · by VitacoreVision · 15 replies
    The New American ^ | 09 August 2016 | Bob Adelmann
    During his hour-long speech on Monday at the Detroit Economic Club, Republican Party presidential nominee Donald Trump was serious and reasonable, avoiding histrionics and the temptation to push back against protestors who interrupted him several times. He followed his script and peppered the economic landscape with his wish list of actions he would take as president to “Make America Great Again.”It was a very long list:• Cut corporate and personal income tax rates significantly;• Cut small business income taxes to just 15 percent;• Make childcare expenses tax deductible;• Repeal many of the more outrageous executive orders issued by President Obama;•...
  • Trump's Economy: Lower Taxes, No TPP, and … Affordable Childcare?

    08/08/2016 12:27:37 PM PDT · by ToxicMich · 35 replies
    The Atlantic ^ | GILLIAN B. WHITE
    On Monday, Donald Trump took to the stage of the Detroit Economic Club to release his latest plan for jumpstarting the economy, a task that he said “won’t even be that hard.” Among his major proposals is to streamline income tax brackets—of which there are currently seven—to three tiers, in which no American would pay more than 33 percent to the federal government. He promised to cap the corporate tax rate at 15 percent and to put an end to estate taxes. He also suggested halting any new federal regulation on finance, doing away with TPP, and bringing back the...
  • Understanding the Trans Pacific Partnership

    08/07/2016 11:02:45 AM PDT · by Kaslin · 13 replies
    American Thinker ^ | August 7, 2016 | Peggy Ryan
    Okay, I know you're not dummies – but if a book is required to break down Microsoft Word into simpler terms, then the Trans Pacific Partnership (TPP) requires a library. The 2016 candidates both in local races (for example, Paul Nehlen vs. Paul Ryan in Wisconsin) and our presidential race are always talking about the horrors of TPP. But the warnings fall on deaf ears because no one knows what TPP is. Why the hysteria? What exactly is TPP (Obamatrade)? TPP is a massive, pro-corporate trade agreement among the United States and 11 other countries. So what's wrong with that?...
  • U.S. rail traffic down 7.9 percent in July

    08/05/2016 3:52:17 PM PDT · by Jack Hydrazine · 17 replies ^ | 5AUG2016 | Staff writer
    U.S. railroad traffic in July fell 7.9 percent to 2,027,768, carloads and intermodal units, compared with traffic volume in July 2015, the Association of American Railroads (AAR) announced this week. Total carloads in the month declined 8.8 percent to 1,025,367 units, compared with the same period last year. Railroads also transported 1,002,401 containers and trailers last month, down 6.9 percent compared with a year ago. Four of the 20 carload commodity categories tracked by AAR posted increases during the month. They included grain, up 15.3 percent or 12,641 carloads; waste and nonferrous scrap, up 25.9 percent or 3,400 carloads; and...
  • High Cancellations Hurt July Class 8 Truck Orders

    08/05/2016 3:59:46 PM PDT · by Jack Hydrazine · 13 replies ^ | 3AUG2016 | Staff Writer
    It looks like July was another off month for Class 8 truck orders as industry analysts are predicting some of the lowest numbers since 2010, according to preliminary numbers from ACT Research and FTR. FTR is predicting Class 8 truck orders will come in at around 10,400 units while ACT Research is projecting 10,500 units for the month. Both forecasts are well below July 2015 orders and mark one of the weakest months since 2010. Compared to June, orders were down 19%, which FTR attributed to higher than normal order cancellations in the month. “Usually there are a low number...