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Currency Manipulation

The TPP: Another Deadly Trade Deal

Leo W. Gerard | Posted 11.09.2015 | Politics
Leo W. Gerard

For decades, the regulations for international commerce, for so-called free trade, have lined the pockets of the already wealthy and emptied those of workers thrown out of their jobs.

The TPP Fails To Represent Domestic US Manufacturing Interests

Kevin L. Kearns | Posted 10.05.2015 | Politics
Kevin L. Kearns

This morning, the White House announced the clinching of a TPP trade deal. Unfortunately, the agreement negotiated by President Obama is completely inadequate to serve the interests of America's manufacturers, industrial workers, farmers, and other segments of the U.S. economy. 

Helpful Public Policy Would Make It a Great Manufacturing Day

Scott Paul | Posted 10.02.2015 | Politics
Scott Paul

I'm happy to be celebrating manufacturing and Made in America. Heck, I do it every day. But I must admit: I get a bit aggravated by politicians who readily treat factory workers and their hardhats as political props but fail to deliver on public policies.

Currency Manipulation Will Allow Our Trade Partners To Skirt The Deal

Roger Johnson | Posted 09.30.2015 | Politics
Roger Johnson

Currency manipulation has become our trade competitors' favorite maneuver for skirting massive trade deals as soon as they sign them, and it's about to happen again. The result of currency manipulation, as it occurs after trade agreements, is that it's nearly impossible for the U.S. to get a fair shake in these deals.

What President Obama Should Say to President Xi on Trade

Gilbert B. Kaplan | Posted 09.16.2015 | Politics
Gilbert B. Kaplan

What are President Obama's goals in the international trade area when President Xi visits the United States next week? I worry that there is not one among them that will change the U.S. trade picture. And unfortunately, when we look at the trade relationship with China, there is much that needs to be changed.

China's Stock Market Mess Belies Bigger Problems for the United States

Scott Paul | Posted 09.01.2015 | Politics
Scott Paul

The recent cratering of the Chinese stock market left some scars on our 401(k) plans and dominated recent headlines. Some called it a correction. I tend to think of it as another glimpse into the crazy house-of-cards economy in China.

Trump Excels at Business, But He Has No Business in International Politics

Michael Shammas | Posted 08.21.2015 | Entertainment
Michael Shammas

Business isn't simple; foreign policy isn't either. If Trump wants to be taken seriously by the general electorate, he should demonstrate the nuanced understanding of foreign policy exemplified by candidates ranging from Jeb Bush to Hillary Clinton.

China's Currency Manipulation Should Serve As A Warning About TPP

James P. Hoffa | Posted 08.17.2015 | Business
James P. Hoffa

At a time when income inequality is running rampant in the U.S., workers don't need even more "free" trade agreements that will further strip this nation's economy of middle-income jobs.

China Protects its Workers; America Doesn't Bother

Leo W. Gerard | Posted 08.17.2015 | Business
Leo W. Gerard

Currency manipulation violates free market principals, but for China, doing it makes sense. This potent action by a major economic competitor raises the question of when the United States government is going to stop pretending currency manipulation doesn't exit.

Banksters Are Sorry They Took Your Money

Phil Davis | Posted 08.14.2015 | Business
Phil Davis

2 billion dollars! That sounds like a lot of money but this fine is nothing more than a slap on the wrist for the eight (so far) banks that are settling lawsuits for blatantly manipulating (allegedly) the $5.3 trillion foreign-exchange market.

Currency of Banking Isn't Dollars - It's Trust

Keith Mestrich | Posted 05.27.2015 | Impact
Keith Mestrich

When five of the world's biggest banks were busted this week for manipulating the cost of dollars and euros, they did more than violate antitrust laws. They violated the public trust.

Zach Carter

Obama Takes Unexpected Setback On Trade Agenda | Zach Carter | Posted 05.24.2015 | Politics

WASHINGTON -- President Barack Obama's trade agenda suffered a setback Friday evening during a series of last-minute maneuvers in the Senate. While th...

Ben Walsh

Big Banks Plead Guilty To Market Manipulation, Will Pay $5.8 Billion | Ben Walsh | Posted 05.22.2015 | Business

The age of multibillion-dollar bank fines with no admission of wrongdoing is over. The Justice Department announced Wednesday morning that five banks ...

Laura Barron-Lopez

This Democratic Senator Is Doing All He Can To Kill Obama's Trade Agenda | Laura Barron-Lopez | Posted 05.20.2015 | Politics

WASHINGTON -- If you didn’t know Sen. Sherrod Brown before, you probably do now. Brown (D-Ohio) has made a name for himself during the Senate fig...

Laura Barron-Lopez

Boehner Says House Will Need Dems To Help Pass Fast-Track Trade Authority | Laura Barron-Lopez | Posted 05.14.2015 | Politics

WASHINGTON -- As the Senate prepares to move forward with legislation that would give President Barack Obama fast-track authority to funnel trade deal...

What a Robust Dollar Means for U.S. Businesses - and the Global Economy

Helen I. Hwang | Posted 05.13.2015 | Business
Helen I. Hwang

Recently, the value of the U.S. dollar has risen from strength to strength against a basket of currencies, notably against the euro and the yen. In fact, the dollar has reveled in the longest streak of gains since 1971.

Laura Barron-Lopez

Here's The Senator Who United Democrats To Block Obama's Trade Agenda | Laura Barron-Lopez | Posted 05.13.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) has been the public face of the Democratic Party's feud with President Barack Obama over his trade agend...

An Open Letter to Progressives: TPP Is Not Yet 'The Most Progressive Trade Agreement in History'

Rep. Sandy Levin | Posted 05.11.2015 | Politics
Rep. Sandy Levin

I have deep concern -- and some dismay -- when the president says that "we are just wrong," or we are "satisfied with the status quo," or worse, we are "making this stuff up" when we express concerns about the status of the Trans-Pacific Partnership (TPP) trade negotiations.

To Sell His Trade Agenda, the President Turns to ... Nike?

Scott Paul | Posted 05.07.2015 | Politics
Scott Paul

Nike is great at making iconic commercials and catchy slogans, but it's not really great at making American manufacturing jobs.

Enormous, Humongous March Trade Deficit Creating Jobs Elsewhere

Dave Johnson | Posted 05.21.2015 | Business
Dave Johnson

We should demand balance. Trade partners should agree to actually "trade" with us, not just sell to us. We should also balance the interests of working people, the environment and other stakeholders with the interests of businesses in our trade negotiations.

Michael McAuliff

The Most Important Thing About Obama's Trade Deals You Never Understood | Michael McAuliff | Posted 05.06.2015 | Politics

WASHINGTON -- A decade ago, or perhaps a little longer, New York Democratic Sen. Chuck Schumer had an epiphany during a visit to a Crucible Industries...

Zach Carter

Hillary Clinton Agrees With Elizabeth Warren On Trade Dispute With Obama | Zach Carter | Posted 04.30.2015 | Politics

Hillary Clinton is opposed to a critical piece of the Obama administration's Trans-Pacific Partnership, which would give corporations the right to sue...

Obama's Trade Deals: A Test For Hillary Clinton

Robert Kuttner | Posted 06.26.2015 | Politics
Robert Kuttner

On trade policy, Clinton now finds herself to the right of Mr. Wall Street Democrat, Chuck Schumer. And this is only the first of countless tests of where Clinton really stands -- tests that will keep coming up between now and primary season. If she is presenting herself as a forceful leader, it ill-becomes Clinton to duck.

Zach Carter

Obama Fires Back At Elizabeth Warren And Trade Critics, Escalating Democratic Feud | Zach Carter | Posted 04.25.2015 | Politics

WASHINGTON -- President Barack Obama pushed back against Sen. Elizabeth Warren (D-Mass.) and Democratic critics of his trade agenda on Friday, accusin...

Fast Tracking Democracy to Hell

Leo W. Gerard | Posted 06.20.2015 | Politics
Leo W. Gerard

Concealing potentially job-killing trade schemes from the American public thwarts democracy. Rushing unpopular legislation through Congress before American citizens have an opportunity to review it and tell their elected representatives how they feel about it obstructs democracy.