Inside of every country and every system there are competing interests. Investors want their own currency to be strong at any given time and manufacturers want their own currency to be weak at any given time.
Another leak shows that the giant corporations consider themselves powerful enough to just ignore governments, and are negotiating among themselves the rules for world corporate domination in the 21st century.
Tuesday President Obama talked about manufacturing at a TechShop in Pittsburgh. At the same time his administration announced a number of new manufacturing initiatives. How's he doing?
The biggest fixable factor affecting jobs and the economy wasn't mentioned at all in Treasury Secretary Jack Lew's speech on the economy last week: the trade deficit.
The United States has inked free-trade deals with 20 countries over the past three decades. It’s now clear that this zeal benefits corporations while hurting the rest of us.
Instead of creating jobs, a 2011 trade deal with South Korea has cost jobs and increased our trade deficit. Now there are signs that job loss could get much, much worse.
Imagine that American factories and other businesses had received $44.2 billion more in orders last month, and every single month, and you can visualize the effect of this.
There have been reports that the Trans-Pacific Partnership treaty would ban requirements that government agencies "Buy America" first. The House has voted to protect these provisions from being negotiated away.
Since we signed a "free trade" agreement with Colombia, 73 trade unionists have been murdered there. So 153 Democrats are insisting on stronger labor protections in the Trans-Pacific Partnership agreement.
Another leak of another secretly negotiated treaty reveals another assault on our ability to make our own laws and another boost for the largest (and dirtiest) corporations.
The terrible damage done to working Americans by these trade agreements have become so clear that a New Populist movement is rising up to fight them. The New Populism Conference will explore this movement.
Our government doesn't confront countries that do things like manipulate their currency. The result is American companies shut American factories and lay off American workers.
The enormous, humongous trade deficit is doing incredible damage to our economy. Our country’s elites used to care about that.
It is not entirely fair for President Obama to dismiss critics of the Trans-Pacific Partnership for having a "lack of knowledge" of what is being negotiated, as he did at a recent news conference.
A huge trade treaty is coming that will change the relationship between giant corporations and governments around the world. Why is the American corporate media telling the public so little about it?
Sometimes, corporations place profit above human safety. As a result, workers lose lives and limbs. Cooper Tire announced it will spend $970,000 to improve safety. That’s good. But it comes too late for the two workers who are now amputees.
Across the board now people are seeing what these trade deals have done to the country. I join Asia expert Tim Shorrock to discuss the Obama administration's latest trade moves.
Research concludes that if you're making less than $87,000 per year (the current 90th percentile wage), the Trans-Pacific Partnership would mean a pay cut. But that's fine for corporations who want this treaty.
The New York Times gets it right: It's time to "improve the ground rules of global trade." In the face of overwhelming evidence of the damage done by NAFTA-style trade deals, could the tide of elite opinion be changing?
The Treasury Department released its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies this week, and went to great lengths to find a way not to label China as a currency manipulator.
It doesn't matter how much we might increase exports if we don't do something about imports, too, because if imports are higher than exports, that is a net loss of jobs and wealth.
Working people and democratic governance on all sides of NAFTA's boders are now worse off. Congress should recognize this before approving any more "NAFTA-style" trade agreements.
President Obama said he would create one million new manufacturing jobs. The President has not met his goal, but we can still reduce unemployment, create new good manufacturing jobs, and reduce our trade deficit all at the same time.
One place where America's leaders could advocate for America's economy, businesses and working people is by confronting currency manipulation. It is costing us 5.8 million jobs.
Many Wall Street and D.C. elites say that more trade is always better. But is the goal more trade, or trade that benefits We the People of the United States and our economy?
The trade deficit went up slightly in January, and as a result manufacturing jobs aren’t doing all that well. That’s because a trade deficit means that jobs move out of the country.
Simple message: The trade deficit costs jobs. Our budget deficit right now doesn't. This is a huge issue. Please ask your elected officials and candidates what they plan to do to fix it.
More than 40 organizations today called on the U.S. Trade Representative to let the public have a say in what rights foreign-based business interests have in our legal system.
A recent report confirms that some of the officials crafting the Trans-Pacific Partnership were paid handsomely by the Wall Street institutions that stand to benefit from it.
A report released by the Economic Policy Institute says we could create millions of new jobs and speed up economic growth if we act to end global currency manipulation. Simple as that.
Trade negotiators want to ban "Buy America" government procurement policies so companies like GE and Caterpillar can get more contracts in other countries. But GE and Caterpillar don't pay taxes here. So what we We the People get?
We know that the Trans-Pacific Partnership has an intellectual property section that will override government rules that limit the ability of giant corporations to trample the interests of smaller competitors and the public.
We have to stop fast-track authority for the Trans-Pacific Partnership. Then we should take the momentum from that to demand Congress and President Obama instead fix NAFTA first.
Advocates of the Trans-Pacific Partnership claim that trade adjustment assistance for displaced workers will make it OK for the people who lose their jobs. The record of "NAFTA-style" trade agreements says otherwise.
The main theme of Obama’s State of the Union address was his battle against growing American income inequality. But economists of all stripes agree that U.S. trade policy has been a major contributor to that inequality.
Multinational corporations are demanding new trade deals that will open our markets to goods made by millions of low-wage workers. The next time the president starts whispering sweet nothings about trade, ask a few questions.
The reason NAFTA was so harmful to working people was the way it was negotiated – under fast-track authority, behind closed doors. We know from experience what happens once legislators have the fast-track ticket in their hands.
The plan President Obama mentioned briefly during Tuesday's State of the Union speech to promote manufacturing hubs would be undermined by his desire to fast-track the Trans-Pacific Partnership through Congress.
Today 564 organizations released a joint letter to Congress opposing fast-track trade promotion authority. The organizations cover the entire field of what would be considered President Obama's "base."
Elites believe that all that matters is that the possibility exists for someone to get rich. After all, that's their highest value, so it must be that for everyone. But acquiring great wealth isn't the holy grail for most people.