Archive for the ‘TRADE’ Category

Nov
2016
16

With Trump Win, Obama Admits Defeat of Trans-Pacific Partnership, Pleasing Labor

With Trump Win, Obama Admits Defeat of Trans-Pacific Partnership, Pleasing Labor
  The Obama Administration has acknowledged that the Trans-Pacific Partnership (TPP) is dead. The trade deal was the centerpiece of President Obama’s “pivot to Asia,” intended to strengthen ties with key Asian allies at a time when China is exerting more economic and military influence in the region. In a rare instance of...
Sep
2016
20

The Latest H-1B Visa Bill May Not Be the Greatest H-1B Visa Bill

The Latest H-1B Visa Bill May Not Be the Greatest H-1B Visa Bill
  The U.S. House Judiciary Committee is considering legislation that would tighten loopholes in the current H-1B work visa program. The Protect and Grow American Jobs Act (HR 5801) would require firms who hire H-1B guest workers to pay those workers a minimum annual salary of $100,000. It also requires those companies to advertise for...
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Sep
2016
19

Since 1936, Every GOP President Has Created Manufacturing Losses. Every Democrat? Gains.

Since 1936, Every GOP President Has Created Manufacturing Losses. Every Democrat? Gains.
  Donald Trump and the GOP would have you believe they are the party to revive manufacturing in America. But they would be wrong. Put plainly, the numbers don’t lie. Over the past 80 years, when Republicans held the oval office, manufacturing jobs decreased. When Democrats were in office, manufacturing jobs increased. It’s as...
Aug
2016
30

McConnell Says TPP Is Shelved Until After the Election, Some Even Say It Could Disappear

McConnell Says TPP Is Shelved Until After the Election, Some Even Say It Could Disappear
  President Obama’s Trans-Pacific Partnership (TPP) is now his successor’s problem. On Thursday, Senate Majority Leader Mitch McConnell said the trade deal needs to be “massaged” and will have to wait until next year before it hits the Senate floor: “The current agreement, the Trans-Pacific [Partnership], which...
Jun
2016
2

Emails Between US Trade Rep. Froman and Wall Street Bankers Reveal New Degree of TPP Collusion

Emails Between US Trade Rep. Froman and Wall Street Bankers Reveal New Degree of TPP Collusion
  A series of emails obtained through a Freedom of Information Act (FOIA) request show that there was collusion between big banks and the Obama administration in which Wall Street executives pushed hard for U.S. Trade Representative Michael Froman to pass the Trans-Pacific Partnership.  The emails were obtained by the group Rootstrikers,...
May
2016
24

Typically Optimistic Trade Commission Admits the Gravity of TPP Outlook; $21B Deficit Projected

Typically Optimistic Trade Commission Admits the Gravity of TPP Outlook; $21B Deficit Projected
  The U.S. International Trade Commission (ITC) must write a report for each free trade agreement the United States enters into.  In the past they have come under fire for reaching to produce overoptimistic results.  For example, the group said that wages would grow for American, Mexican, and Canadian workers under NAFTA. They also...
Jan
2016
26

New Tufts Study: “TPP Would Lead to Jobs Losses in All Countries”

New Tufts Study:
  A new “more realistic” modeling of the effects of the Trans-Pacific Partnership (TPP) predicts 450,000 American job losses and a contraction of the economy by 0.54 percent.  That percentage may seem small, but it is the equivalent of a $100 billion gut punch.  The study, conducted by researchers Jerome Capaldo and Alex Izurieta at...
Oct
2015
8

Trans-Pacific Partnership Complete. Nations Hold Breath. Clinton Speaks Out.

Trans-Pacific Partnership Complete. Nations Hold Breath. Clinton Speaks Out.
  After years of secret negotiations, the Trans-Pacific Partnership is complete and now awaits months of intense scrutiny before being voted on by Congress.  Negotiators of the controversial “free trade” agreement between the United States, Japan, and 10 other pacific rim nations reached a final agreement in Atlanta on Monday.  Given...
May
2015
5

Greenville Burning: Free Trade Agreements Have a Habit of Destroying Small Town America

Greenville Burning: Free Trade Agreements Have a Habit of Destroying Small Town America
  An interesting read from writer Naureen Khan paints a picture of life in the small towns that ultimately get destroyed by free trade agreements.  As the national conversation surrounding the Trans-Pacific Partnership (TPP) continues to intensify, Khan looks at Greenville, Michigan, the former “refrigerator capital of the world,” which...
Apr
2015
10

Leaning Tower of China: Dangerous New Flaws Discovered in Outsourced Bay Bridge Construction

Leaning Tower of China: Dangerous New Flaws Discovered in Outsourced Bay Bridge Construction
  Ever since former Gov. Arnold Schwarzenegger’s decision to outsource major components of the San Francisco-Oakland Bay Bridge renovation to Chinese contractors, members of the labor community have expressed concern about quality and jobs being compromised in the name of cutting costs.  In the end, no real money was saved and the project...
Mar
2015
2

AFL-CIO to Halt Voluntary Political Contributions Until Trans-Pacific Partnership Fast-Track Vote Passes

AFL-CIO to Halt Voluntary Political Contributions Until Trans-Pacific Partnership Fast-Track Vote Passes
  The AFL-CIO has decided to halt all voluntary political contributions until after a vote on fast-tracking the Trans Pacific Partnership (TPP).  While the umbrella labor organization did not put this in writing, it seems it was discussed and agreed upon at a meeting in Atlanta.  The move puts the AFL-CIO in line with several [&hellip...
Feb
2015
6

Knee Trade Agreement: Leak Reveals TISA Could Result in Offshoring of Health Care Services, Procedures

Knee Trade Agreement: Leak Reveals TISA Could Result in Offshoring of Health Care Services, Procedures
  A new leaked document sheds light on the secretive free trade deal, Trade In Services Agreement (TISA), and shows how it could affect the future of health care.  “A concept paper on health care services within TISA negotiations” was discussed by European Union states at last September’s TISA negotiations in Geneva and was eventually...