The media has been pushing a line, following Republican victory in last week's midterm election, that the one area where Barack Obama and a now GOP-controlled Senate might find room for compromise is trade, especially the approval of the Trans-Pacific Partnership, or TPP, a twelve nation deal.
I'd be surprised if a single voter cast their ballot on Tuesday so multinational corporations could exempt themselves from national laws. I don’t remember one TV ad framing the election as a chance to raise prescription drug prices in poor countries, or to stop the government from buying American-made goods - See more at: http://www.thefiscaltimes.com/Columns/2014/11/07/GOP-Obama-Compromise-Would-Mean-Scary-Win-Big-Business#sthash.G2f9zZiH.dpuf
Tens of thousands of people are flooding the streets of cities all over Europe on Saturday in mass rallies against a controversial trade agreement between the US and the EU. Talks on the pact, called the Transatlantic Trade and Investment Partnership (TTIP), started last February and, having been mostly held behind closed doors, have raised widespread concerns in the European Union and beyond. ”
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The Trans-Pacific Partnership should not be under consideration for Fast Track. The trade agreement is being negotiated between the United States, Mexico, Canada and several countries in the Asia-Pacific region. Passage of TPP is an Obama administration goal; it has been discussed and altered for years.
Yet more secretive Trans-Pacific Partnership (TPP) negotiations are underway today in Washington. Thanks to some hearty protestors braving the heat and humidity to hold a location pointer out in front of the Office of the U.S. Trade Representative, the word got out. For TPP negotiations launched in 2008 on a deal that was supposed to be done in 2011, 2012, and 2013 respectively, the sell-by date has long passed on this sort of closed-door diplomatic legislating.
A battle raged among allies, publicly and behind the scenes, to shift focus from a legislative overhaul strategy to making the idea of executive action inevitable. This is how it happened. President Obama’s executive actions to give legal status to millions of undocumented immigrants…
Chris Wyatt, a mortgage servicing executive of 20 years turned homeowners’ advocate, says he’s seen many homeowners run ragged on Ocwen’s modification roller coaster.
Three labor leaders walked into a bar. Okay, it wasn’t a bar. It was a slightly stuffy faculty club at the University of Chicago. Three union leaders were invited to the university’s Quadrangle Club by David Axelrod, a former top campaign and White House advisor to President Barack Obama. Aiming…
LOS ANGELES – OUR Walmart members, some of whom were part of the first Walmart strike in October 2012, have just sat down near registers and next to racks of a Walmart store in Crenshaw. The group of striking workers, from stores throughout California, has placed tape over their mouths signifying…
Reports are rampant -- Wednesday by Fox News, Thursday by the New York Times -- that President Obama will sign an executive order as soon as next week that will allow up to 5 million undocumented immigrants to avoid deportation. Signing such an order will have explosive political consequences, reshaping not only…
In July of this year, Barack Obama boasted of an impressive recovery the US has undertaken since the Great Recession of 2008, proclaiming, "We've recovered faster and come farther than almost any other advanced country on Earth."
Measures aimed at raising the minimum wage passed overwhelmingly in the five states where they appeared on Tuesday's ballot.
A recent posting detailed how upper middle class Americans are rapidly losing ground to the one-percenters who averaged $5 million in wealth gains over just three years. It also noted that the global 1% has increased their wealth from $100 trillion to $127 trillion in just three years.
A recent report found that African-American girls were suspended at much higher rates than their white peers, a phenomenon that leads to lower earnings and educational attainment in the long run.
Detroit’s bankruptcy is a model for how wealthier and whiter Americans escape the costs of public goods they’d otherwise share with poorer and darker Americans. Are Detroit, its public employees, poor residents, and bondholders the only ones who should sacrifice when ‘Detroit’ can’t pay its bills? Or does the relevant…