The ABC News report that came out last night about “Mitt Romney’s offshore tax havens” appears to get the data wrong, so you end up with a muddled analysis of the situation. What is actually happening here, as Pat Garofalo untangles, is that Romney invests in funds from his old company Bain Capital that happen to park their money offshore to avoid taxes.

At trade talks in Chicago, the Obama administration will work with other officials to develop a trade agreement that will incorporate Vietnam, Brunei, Singapore, Malaysia, New Zealand, Australia, Chile and Peru. Labor, environmental and human rights groups will gather in the city to warn that the structure, and guiding ideology, of the emerging trade deal could expand a model of free-marketeering that has displaced masses of workers across the globe and granted multinationals unprecedented powers to flout national and international laws.

Just about the only specific piece of the Gang of Six proposal, as explained well by Rep. Peter DeFazio in the video, is the move to chained CPI, a benefit cut for Social Security, veteran’s benefits and any program with a cost of living adjustment, along with a regressive tax cut. So that should give you a flavor for the biases of the Gang of Six, and where their proposal is headed.

Todd Tucker with Public Citizen will be liveblogging the House Ways and Means Committee full committee hearing on the pending free trade agreements with Colombia, Panama and South Korea, and job creation. You can find more details about the panelists scheduled to testify today at the Committee’s site at this link.

In the 14 hours since the White House dumped the news of a NAFTA-style Korea Free Trade agreement on a Friday night, labor unions are deafly silent in opposing this job-killing agreement.

Over 14.9 million American workers remain unemployed. Americans must demand that economic policies provide the framework to create good paying jobs at home during the next decade with the least amount of outsourced labor and materials.

Rather than argue about workers’ lack of skills versus offshoring work to countries with lower skill sets, wouldn’t it be simpler to expect employers to do something that they used to do? Like train workers?

After a valiant effort by the Evansville community to save the jobs of more than 1,000 people, Whirlpool is moving unabated in shutting down the operations of its Indiana plant – starting today. This marks yet another entry in the long record of American companies killing American jobs in search of cheap labor. And for what? A 77% raise for its CEO, plus $19 million in stimulus funds.