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Trade

Detroit Has to be Saved

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The de facto Depression underway worldwide will trigger consolidations. Strong will eat weak; cash-rich will eat debt-laden and consumer spending will shrink along with economies.

Is the Economic Tide Coming In or Going Out?

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

Adam Lerrick, an economics professor at Carnegie Mellon, heavily criticized Obama's economic policy and tax plan, claiming "The economic tides will not stand while Washington experiments with European-type social democracy."

The Trouble Today with the Economy

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

In the globalized world, commercial success is created by government policies, and the U.S. government refuses to compete. Our high standard of living has become a "comparative disadvantage."

The Real Economy Strikes Back

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

So much for the $700 billion bailout of Wall Street. Clearly, once the bailout passed, investors took a good look at the real economy and went to the mattresses. We're headed into a great reckoning.

Hanging Ourselves With a Chinese-Made Rope

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Nobody is against trade. Nobody. Though "free" traders say that anyone opposing their agenda is "anti-trade" that's just not true...at all. Fair traders are for vigorous trade, just with a different set of rules.

As Colombian President Comes To D.C., His Government's Death Squad Links Are Further Revealed

Dan Kovalik | Posted 05.25.2011 | Politics
Dan Kovalik

Breaking: As Colombian President Alvaro Uribe arrives in Washington D.C. on September 19, his government continues to sink amidst the weight of the "...

Trade deficit surges, jobless claims remain high

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — The U.S. trade gap has hit a 16-month high, the job market is shrinking and exports _ a rare item in the economy's plus column late...

More Sarah Palin Comparisons: "Steve Forbes In A Skirt"

Dealbreaker | John Carney | Posted 05.25.2011 | Business

Heavy on the inside jokes and edgy interpretations of finance-related news, must-read trader blog Dealbreaker quotes an "insider" on their opinion of ...

The War on Labor Day

Elana Levin | Posted 05.25.2011 | Politics
Elana Levin

Bill O'Reilly talks about "The War on Christmas," and while that concept has been widely lambasted I'm here today to sound a different alarm -- that there is truly a War on Labor Day.

Colombian President Uribe Misleads Press About Carter's Intentions - Jimmy Carter NOT In Favor of FTA

Dan Kovalik | Posted 05.25.2011 | Politics
Dan Kovalik

Though it has received scant press here, the Colombian media recently and enthusiastically reported that Jimmy Carter, after allegedly "resolving his...

Is Ecuador Feeling Chevron's Pressure?

Robert Naiman | Posted 05.25.2011 | Business
Robert Naiman

Chevron has been lobbying the U.S. government to pressure Ecuador to intervene the dispute between Chevron and 30,000 Amazon jungle dwellers suing the company for environmental damages.

Is America Made in China?

John W. Whitehead | Posted 05.25.2011 | Business
John W. Whitehead

If China has anyone to thank for its economic ascendancy, it's American corporations like Wal-Mart and American consumers like you and me.

Trade Deficit Falls Unexpectedly

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The U.S. trade deficit has gone on a diet, helped by strong exports of farm products and manufactured goods and by Americans spendi...

Draft Copy of Democratic Party Platform

Jonathan Tasini | Posted 05.25.2011 | Politics
Jonathan Tasini

I've been given a copy of the most recent draft of the Democratic Party's platform. I'm told that this is getting close to the end. There is good stuff and bad stuff. Here are the highlights.

Celebrate, Don't Mourn, Collapse of WTO Talks

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

The alleged upside of the deal for developing countries -- increased access to rich country markets -- would have been of tiny benefit, even according to the World Bank.

Blame the USA's Energy Disaster, Including the Collapsing US Auto Industry, on Congress

Rob Kall | Posted 05.25.2011 | Green
Rob Kall

If we invest in giving consumers rebates for buying new US-made cars that have drastically improved mileage, that will help the auto manufacturers, help consumers and help our balance of trade.

America's Economic Edge -- and the Olympics

Jeremy Haft | Posted 05.25.2011 | Business
Jeremy Haft

In enumerating China's many strengths, we tend to downplay, or completely overlook, ours. China can't produce most of the modern goods and services it needs to grow its economy.

Taiwan Declares Peace on China

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

To the Chinese, irrespective of past allegiances, the prospect of war has come to be viewed as counterproductive, and they now have the confidence to show it.

US Exports To Iran Skyrocketed During Bush's Presidency

AP | SHARON THEIMER | Posted 05.25.2011 | Politics

WASHINGTON — Nuclear weapons? No way. But there are plenty of items on Iran's shopping list the United States is more than happy to supply: ciga...

Our Enduring Competitive Edge

Jeremy Haft | Posted 05.25.2011 | Business
Jeremy Haft

The rash of product recalls reveals that China is not the manufacturing juggernaut we fear -- and that America has an edge we tend to overlook.

Obama to Represent the Uprising on Trade?

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Politicians supporting the Colombian trade deal have blood on their hands - there's no other way to put it.

McCain's Lobbyist Loophole

David Donnelly | Posted 05.25.2011 | Politics
David Donnelly

McCain's policy ignores the problem with having a campaign run by corporate and foreign lobbyists: they are happy to abandon their lobbying work temporarily to get valuable chits with the potential future president.

McCain Pledges Allegiance to NAFTA

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Across the world, the revolt against the corporate trade model is growing. In the US, a majority polled in a January 2008 agreed that globalization has been bad. McCain simply doesn't get it.

Trade deficit jumps to highest level in 13 months

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The trade deficit soared to the highest level in more than a year as an improvement in exports was swamped by record-high levels of...

Destroying African Agriculture

Walden Bello | Posted 05.25.2011 | Politics
Walden Bello

African agriculture is a case study of how doctrinaire economics serving corporate interests can destroy a whole continent's productive base.