Unfortunately, the drop in the trade deficit was not the result of our trade partners finally buying as much from us as they sell to us (a.k.a. actual trade).
Why does the SEC continue to refuse to require corporations to disclose to shareholders how much of their money they are throwing into elections?
The Seattle City Council unanimously passed a resolution opposing Fast Track and expressing strong concern about the upcoming Trans-Pacific Partnership (TPP).
In one more of many stunning examples of failure to govern, the Republican budget proposal cuts back infrastructure funding even more.
The American steel industry is getting hammered, and not by American-made Kentucky Bourbon. Steel companies are laying off, and closing plants due to low-cost foreign imports.
The New York Times story on the contents of a leaked chapter of the TPP showed that it’s as bad as many of us feared: It would let firms "sue" governments for loss of "expected future profits." Let that sink in.
Reports say the idea is to “sharpen differences” among liberals and blacks. This naturally leaves progressives asking if it is really “progressive” to try to divide “liberals” and “blacks?”
A New York Times op-ed calls for killing the Export-Import Bank because it helps American companies compete globally. A Times story reports that the anti-government Koch brothers network is behind the campaign.
Seattle's city council is preparing to vote on a resolution opposing fast track trade authority, and a number of organizations sent an open letter spelling out what an acceptable fast-track process would do.
The title of the segment was “TPP Tradenado” and the topic was trade, the Trans-Pacific Partnership (TPP), fast-track trade authority and a new AstroTurf campaign supposedly from "progressives."
The Progressive Caucus held a news conference Wednesday releasing their "People’s Budget: A Raise for America." It would, among other things, create 8.4 million good-paying jobs by 2018. Did the media cover this?
What is the reason for the delay/refusal? Are the people at the SEC simply “playing ball,” hoping for lucrative corporate rewards when they leave government?
All of these factions want the government cut back. None of them care about investing in infrastructure, science, education, health care, safety-net programs, or other ways of helping the public.
Next week, progressives in Congress will release their annual budget proposal. They do this every year, and every year the national news media largely ignores it. Will the elite media report on it this year?
While the Trans-Pacific Partnership is still secret, leaks and precedent indicate that it will contain provisions allowing giant, multinational corporations to bypass our country’s legal system.
Krugman takes on the old trope that “protectionism” — democracies using tariffs to protect wages and regulations from being undermined by the lower costs that a thugocracy offers — harms the world’s economy.
A new PR campaign in support of Trade Promotion Authority a.k.a. “Fast Track” and the Trans-Pacific Partnership (TPP) is launching. As its foundation are a set of misleading (at best) claims beginning with a Four-Pinocchio whopper.
If people understood the trade deficit and the harm it does, they would demand that our politicians do something to fix it. And if that happened great things would happen for working people and our economy.
A continuing trade deficit literally drains our economy, jobs, wages, factories, entire industries and our ability to make a living as a country.
Opponents of fast track and the Trans-Pacific Partnership are gaining momentum. In spite of a virtual media blackout, public awareness of and mobilization against the coming trade deal is increasing.
Silicon Valley companies pay a lot at the top and almost nothing at the bottom. And the top is mostly white and male; the bottom is mostly people of color. Here's how workers are successfully organizing for a better deal.
Eight senators let the country know there is going to be a fight over fast track trade authority and the Trans-Pacific Partnership. Sen. Bernie Sanders said, "Enough is enough. This country now is in a major race to the bottom."
All the talk about “trade” deals might seem complicated, with all the “TPP” and “TPA” and “FTA” and “TTIP” floating around. It doesn’t have to be difficult, though.
The 2010 Dodd-Frank law directs the SEC to require public companies to disclose the "pay ratio" between their CEO and median employees. Five years later the SEC still will not do this. Is the SEC simply defying the law?
Supporters promise TPP will have protections that will prevent more jobs from being lost due to overseas trade. We've heard those promises before. Look carefully at the record and you'll know why you can't trust those promises now.
On Friday, Wisconsin Republicans said they will hold a sudden special session this week to vote on a set of anti-union laws. The state’s union leadership is asking people to come to the capitol on Tuesday and Wednesday.
As California's high-speed rail project proceeds, we should build pressure to bring the same promise of jobs and increased economic growth to other gridlocked areas of the country.
Reviving America's Postal Banking system would help millions of people now being exploited by the predatory Payday Lending and check-cashing services industry.
"Our faith traditions call for community participation" in the upcoming trade debate in order to "ensure all people have a meaningful opportunity to participate in the creation of good policies."
There will be a series of rallies across the United States this week and next week to oppose Fast Track legislation. On Thursday between 1-2 p.m. ET you can join the #FightFastTrack Twitter storm.
The American Postal Workers Union has brought together an alliance of organizations to "support the fight to protect and enhance vibrant public postal services now—and for many generations to come."
This presentation, "Deconstructing the Corporate Case for Fast Track, One Argument at a Time" – based on my recent post on the topic – will help you make the case against the Trans-Pacific Partnership.
Silicon Valley companies dodge taxes, and use some of the money to build luxurious, private bus lines for their employees. The rest of us are, literally, stuck with the result of these companies' tax scams.
In the House there was a "Currency 101" briefing describing the damage currency manipulation does to our economy. In the House and Senate bills were introduced to do something about that damage.
The following things would employ tons of people, and bring a long-term economic return far above any “cost.” Why don't we do them? Because the status quo benefits a few extremely wealthy people.
The U.S. has run huge trade deficits for decades since the "free trade" ideology came to dominate. The world's economy needs honestly, democratically and transparently negotiated trade agreements.
The core conservative "freedom" argument that that government is illegitimate and we should all rely on our own "personal responsibility" came up against reality in the last few days. Conservatism lost.
This budget pushes the country back toward sanity and has many steps in the right direction. But there is still a long way to go.
How many companies are already shifting even more jobs and profit centers out of the country because of this proposed tax holiday? Have we already lost 10,000 jobs since they announced it?