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Currency Manipulation

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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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.

The Follies of Fast Track

Scott Paul | Posted 06.17.2015 | Politics
Scott Paul

Many of our manufacturers are already facing unfair trade practices that are costing jobs. And so far there is nothing in the fast-track bill or TPP to give them any hope that the scenario would change.

Bad Trade

Leo W. Gerard | Posted 05.30.2015 | Business
Leo W. Gerard

Sucker punched by massive, illegally subsidized imports, American steel producers laid off thousands of workers in bedrock communities from Ohio and Illinois to Texas and Alabama. That's in just the past three months.

Anti-Fast-Track Momentum Builds

Dave Johnson | Posted 05.05.2015 | Politics
Dave Johnson

More and more public-interest organizations are organizing and denouncing the rigged fast-track approval process and TPP trade agreement. One after another, members of Congress are announcing opposition to fast track and demanding that trade problems like currency manipulation be covered by the TPP agreement.

The Top 10 Facts about Jobs, Currency, and the Trans-Pacific Partnership

Scott Paul | Posted 04.22.2015 | Politics
Scott Paul

Hundreds of members of Congress (from both parties!) are joining economists left and right to include an enforceable provision on currency manipulation in the TPP, but there are still some who argue that this rule isn't needed. That's why we put together this handy list of the top 10 facts you need to know about currency and the TPP. (Hint: It's about middle-class jobs).

Taking On Currency Manipulation: Worse Late Than Never

Jerry Jasinowski | Posted 04.22.2015 | Business
Jerry Jasinowski

The critical reason that Congress should take a pass on this much-too-late effort to address currency manipulation is that it would likely abort our chance for a really beneficial free-trade agreement with Pacific Rim nations, which would bring us must better access to many growing markets. If there were a good time to do this, it was many years ago.

The Need to Address Currency Manipulation in TPP, and Why U.S. Monetary Policy Is Not at Risk

Rep. Sandy Levin | Posted 04.08.2015 | Politics
Rep. Sandy Levin

The IMF Guidelines demonstrate that the United States is not manipulating its currency and would not be at risk of losing a dispute. The far greater risk is that more middle class jobs will be lost in the United States as a result of foreign governments' currency manipulation. We need strong and enforceable disciplines in TPP to help prevent that from happening.

No Time to Waste in Letting Public, Lawmakers Know About Fast Track

James P. Hoffa | Posted 03.28.2015 | Business
James P. Hoffa

Not everyone is aware of the consequences that a quick up-or-down vote on the 12-nation Pacific Rim trade deal will bring. It will devastate not only wage earners, but their families as well.

The President Says Manufacturing Is Back, But Is It?

Scott Paul | Posted 03.21.2015 | Politics
Scott Paul

Unless the president gets trade policy right, and starts to tackle some uncomfortable truths about trading partners like China and Japan, America will be stuck with little more than a marketing campaign in place of serious manufacturing policy.

Will the Obama Administration 'Passively' Let More Jobs Go Offshore?

Scott Paul | Posted 12.09.2014 | Politics
Scott Paul

There's an international policy matter on which the administration has been far too passive, and its inaction may be dooming the productive sector of the economy -- not to mention the American middle class -- to a fate it doesn't deserve. I can sum it up in two words: currency manipulation.

25 Years After Tiananmen, Who Has Changed Whom?

Scott Paul | Posted 12.05.2014 | Politics
Scott Paul

Shame on China's regime. But shame on us, as well. Why? Because the United States laid significant groundwork for the formation of the modern, post-Tiananmen Chinese police state. And our culpability can be spelled out in four letters: PNTR (Permanent Normalized Trade Relations)