Senator Dick Durbin has joined Senate Majority Leader Harry Reid in opposing fast track trade authority for the Transpacific Partnership (TPP) as well as the Transatlantic Trade and Investment Partnership (TTIP). Durbin’s opposition could signal the beginning of the end for the agreements as now prominent Democratic leaders in both the Senate and House are opposing giving the Obama Administration fast track trade authority for the controversial agreements.
|By: DSWright Thursday January 16, 2014 10:50 am|
According to a letter obtained by Firedoglake, 12 United States Senators have written a letter to Senate Majority Leader Harry Reid to convey their opposition to the “prospect of renewing Trade Promotion Authority” or fast track authority. Specifically mentioned in the context of that opposition is the Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP). Two trade bills that shred national sovereignty as well as labor, environmental, and financial regulations passed in democratic governments.
|By: DSWright Tuesday August 20, 2013 9:20 am|
If you think America is a corporate free fire zone now, wait until the Trans-Pacific Partnership (TPP) passes. The trade deal is essentially the kill shot for what remains of legal democratic accountability in the United States and will allow the rootless global elite and their transnational corporations to dictate the daily lives and laws of the American people.
|By: Other Worlds Saturday June 1, 2013 12:20 pm|
Periods of crisis in capitalism are always a sign that the door is open for change in the world, but at this point, we don’t know in which direction. For that reason it’s very important what [deceased Venezuelan president Hugo] Chávez told us: study, reflect, and comprehend reality in order to be able to change it.
|By: Amy B. Dean Wednesday December 26, 2012 5:46 pm|
This was a tumultuous year for working people and their families. From the grassroots uprisings last winter to the low-wage workers’ strikes at year’s end, 2012 saw many people coming together for the first time and finding their voices. Below are the items that I would highlight as the best and worst developments of 2012 in the world of labor and progressive social movements.
|By: David Dayen Wednesday November 28, 2012 9:10 am|
The Treasury Department once again declined to label China a currency manipulator, despite arguing that the yuan “remains significantly undervalued” and should rise further. They basically patted themselves on the back and tried to show that their policy of engagement with China has worked to this point.
|By: David Dayen Sunday October 14, 2012 8:35 am|
The Commerce Department imposed slightly lower but still robust tariffs on Chinese solar panels, alleging that subsidies undercut US prices and violate international trade laws.
|By: David Dayen Wednesday September 19, 2012 2:15 pm|
Greg Sargent has an interesting by-product of the electoral debate over China, and particularly Chinese currency manipulation. Romney has used this as part of his five-point plan to improve the US economy. Sen. Sherrod Brown (D-OH) casually points out that there’s a bill on the table awaiting a vote in the House that would deal with the issue:
|By: David Dayen Monday September 17, 2012 11:45 am|
The United States has filed the latest in a series of trade actions against China at the WTO, this one objecting to unfair dumping of subsidized Chinese auto parts. But the relatively limited scope of the action, along with the political context, suggests this is about more than just unfair trade practices.
|By: David Dayen Monday September 17, 2012 10:00 am|
The war of words between China and Japan over a chain of uninhabited islands has the potential to escalate in disturbing ways, and destabilize a region that is central to the world’s economic performance.