by Dean Baker | May 8, 2015 | Current Issues, Financial Reform
This week marks the fifth anniversary of the flash crash. For those who don’t remember, the Flash Crash was when the stock market lost almost 9 percent of its value from its opening level, with most of this decline occurring in a 5-minute period. The market quickly...
by Mary Bottari | May 7, 2015 | Blog, Trade, Trans-Pacific Partnership
New data out today indicates that the U.S. trade deficit has swelled to the highest level in more than six years. This flood of imports robs American workers of jobs and saps the economic recovery. Yet President Obama is escalating pressure on Congress to approve...
by Dave Johnson | May 7, 2015 | Blog, Trade, Trans-Pacific Partnership
President Obama is scheduled to visit Nike's Oregon headquarters on Friday to promote the Trans-Pacific Partnership (TPP). Yes, Nike – a company that grew to billions by outsourcing jobs to overseas sweatshops, a company that sets up P.O.-box subsidiaries in tax...
by Terrance Heath | May 6, 2015 | Blog, Conservatism, Election 2016, This Is The GOP
The addition of former Arkansas governor Mike Huckabee — along with Ben Carson and Carly Fiorina — to the increasingly crowded field of GOP presidential hopefuls officially makes this the week of the long-shot GOP candidates. Huckabee’s path to the White House is a...
by Isaiah J. Poole | May 6, 2015 | Blog, Trade, Trans-Pacific Partnership
Former Obama administration economist Jared Bernstein is taking his former White House colleagues to task in his new book, "The Reconnection Agenda," for a missed connection between trade policy and jobs. Specifically, Bernstein disagrees with the administration's...
by Dave Johnson | May 6, 2015 | Blog, Trade, Trans-Pacific Partnership
This week's news reports make it seem as if President Obama might be preparing to jump into the Republican presidential primaries, using trade as his issue. He should be careful, though: That's a (very) crowded field, and using trade to empower corporations over...
