Former Clinton era US Labor Secretary Robert Reich said he had always supported free trade, but that the Trans-Pacific Partnership was "atrocious".
"At this point, it seems the most likely timing would be between the US general election and the inauguration of the incoming Congress, known as the 'lame-duck' session," said Boston University professor of international relations and political science William Grimes. Experts say that while the deal signed on Feb 4 cannot be altered by Congress before it is put to a vote, certain side agreements can be negotiated to make the agreement "palatable to the majority of each House before submitting the implementation legislation for a vote". Professor Grimes added that these are likely to be "face-saving measures and side deals that would benefit the constituencies of certain key legislators, giving them more reason to move through the agreement".
The soonest the TPP's ratification vote may happen is during the “Lame Duck” period after November's election.
Free trade supporters like the New Democrat PAC has contributors like Silicon Valley billionaire Sean Parker, Google and venture capitalists ... The issue remains whether the union’s opposition will prove powerful enough to prevent this so-called “establishment” Democrat (Rep. Ami Bera D-CA)
from winning reelection.
Vietnam’s textiles and apparel industry will enjoy expanded access to the US and Japan markets through reduced tariff duties as a result of TPP once it has been enacted, accelerating foreign direct investment into the country.
Several “TRIPS plus” (trademark terms of protection) measures were adopted benmeftong BIG PHARMA
Bernie Sanders was ALWAYS against the TPP trade deal that New York lawmakers are coming out against: Democratic Reps. Sean Maloney and Eliot Engel joined a bipartisan group of House lawmakers from New York Wednesday to denounce an Obama administration trade deal that they say would hurt the state’s economy and cost jobs. With the U.S. Capitol as a backdrop, the lawmakers said the Trans-Pacific Partnership would make it harder for the United States to compete with countries that pay their workers lower wages, manipulate their currencies to make their products cheaper, and do less to protect the environment and workers’ rights. (* Can New Yorkers trust Hillary Clinton to not "evolve" again and change her mind once again on this issue?)
Ohio lost 112,500 jobs due to trade with TPP countries (But yet...but yet...Ohio Democrats voted for Hillary Clinton instead of Bernie Sanders. Go figure.)
Fast track probably is but if multinational corporations want something, they don't give a damn about the constitution, the idea of representative government or whatever else is in their way.
Treaty Clause in U.S. Constitution
NAFTA and Obama’s Proposed ‘Trade’ Deals Are UnConstitutional
Sometimes one chamber passes something acceptable while the other passes another version which is acceptable to most constituents....then they send chosen House and Senate members to "rectify" the two versions and instead all of the crap that corporate lobbyists wrote and was removed earlier is put back in and nothing can be done by that time because the bill was "already passed". Conferees. So even when one things they have gotten somewhere in both houses, odds are corporations will have their bill the way they wrote it passed into law anyway.
March 26, 2016: Will TPP still be part of Obama's legacy?
Trade supporters and some lawmakers are eyeing a tiny window for the deal to be put to Congress. "At this point, it seems the most likely timing would be between the US general election and the inauguration of the incoming Congress, known as the 'lame-duck' session," said Boston University professor of international relations and political science William Grimes.
Do you think NIRP will happen in the United States? I agree that if the market falls again the Fed will be looking at some unconventional options, but are those options politically viable right now?EPer: Macro Ops
It's really going to show how stretched people are in reality. Shelter is just through the roof and Medical is as usual.
Boy, this is quite the bummer in reality for Bernie Sanders. He really should have done better considering his positions and policies.
the "mining sector" was the drag on Industrial Production all last yearEPer: rjs
That's just an incredible shrinkage. Thanks for writing this, I had no idea!
TPP & the other Global Corporate treaties/'arrangements'; Suing the Global Corporate Economy via ‘your’ government.
Japan; ‘The Submission’ to The Supreme Court of Canada paves the way for Expanding & Improving the basis of the Yamada led ‘Sword & Shield’ Counter attack Suit against the Japanese gov’t, et al. TPP & other Global Corporate Treaties/’Arrangements’ signatory gov’ts. in Conflict of Interest.
TPP, et al, Just in Time to protect carcinogenic ‘Round Up’ & other Toxic products & Foods; the Future starts NOW. Taxes Cut as Gov’ts pass Lawsuit Costs to harmless citizens?
(CAN.) – The TPP & the other global corporate treaties/’arrangements’ provides that the signatory governments will not only be no longer able to sue corporations for not adhering to the laws of their host countries & thereby, replace the desire of American lead corporations for tort reform with tort abolishment, but the TPP will also place the signatory governments in positions of a conflict of interest in regard to their own harmless citizens who are being forced to find their own, non-governmental means of enforcing existing & future laws that have been passed by way of:
1) the secrecy of unethical lobbyists for the benefits of their wealthy corporation clients & their shareholders,
2) the ethical desire to compete with other countries by passing laws that protect & enhance the well-being of its citizens regarding their health care, education, worker safety, environment, transfer payments, etc.
However, it seems that it is only recently that the harmless citizens of Japan & other nations are learning that due to Corporate Canada’s, &/or, the government of Canada’s anxious desire to impress its TPP corporate associates, &/or, the citizens of Japan, et al, with:
1) its unencumbered access to the natural resources that are continuing to be discovered in Canada,
2) its ability to ‘manage’ Native Canadians in regard to accessing the aforementioned natural resources in Canada
3) et al,
Corporate Canada, &/or, the Canadian government has misinformed its corporate associates & deprived its corporate associates of due diligence information (eg. the Canadian government, et al, is continuing to deprive Native Canadians, et al, of the information & questions in The W.A.D. Accord),
which will greatly affect the costs of developing the aforementioned natural resources, and thus, as a consequence of Corporate Canada’s, &/or, the Canadian government’s actions it has given the harmless citizens of Japan, et al, the basis for:
1) not only, suing Corporate Canada, &/or, the government of Canada, via the Canadian government,
but, for :
2) also expanding & improving upon Mr. Yamada’s existing suit against the Japanese government, &/or, Corporate Japan, et al, as well.
And, thus, Corporate Canada, via their lobbyists to the Canadian government, are most anxious to escape from their liabilities by a rapid ratification of the TPP, et al.
Therefore, the Japanese group, led by Mr. Masahiko Yamada, who are suing their government regarding the Trans-Pacific Partnership on behalf of themselves & the citizens of Japan, might seriously consider suing Corporate Canada, in order to ensure that they, the harmless citizens, do not end up having to ‘contribute’ any of their tax dollars to pay for The Compensation in The W.A.D. Accord, et al, & thereby, prevent Corporate Canada from escaping its liabilities by way of the ratification of the TPP, et al.
Furthermore, by suing Corporate Canada &/or, the government of Canada, by Mr. Yamada’s group, would enable the harmless citizens of Japan as a ‘sword’ & a ‘shield’ to prevent the government of Japan from using any of tax dollars of the harmless citizens of Japan to further punish the harmless citizens, ie. the ‘shield’ & to provide the monies necessary from the punitive damages, on an on-going basis, to continue to fight the future capricious forays & assaults against the harmless citizens’ democracy and counteract the damages to it, etc. caused by Corporate Japan, the government of Japan, et al, ie. the ‘sword’.
In the meantime,
Please see the reference material below:
‘The Submission’ to The Supreme Court of Canada:
‘The SHAREHOLDERS & Corporations of JAPAN, America, China, Canada, the EU,
the Trans-Pacific nations, et al,
the (harmless) Canadian NON shareholders, both; Native & non Native, et al’
1) The W.A.D. Accord,
2) ‘The MERKEL (Chancellor of Germany) Letter; To Sue, or, Be Sued?’
3) et al.
‘The Submission’ also considers:
1) what is a ‘good corporate citizen’
2) how to make those corporations which are not good corporate citizens to conform, or, to make the corporations persona non grata.
The letter to Prime Minister Shinzo Abe, ‘Prime Minister Abe; You’ve been Served with; The NOTIFICATION of Pre-existing CHALLENGE to The TPP’, was sent separately.
Please also see; ‘The Basis for Litigation & Litigation Funders; Suing the Global Corporate Economy’.
For More Info, see; davidehsmith.wordpress.com ***
Please consider sharing the above info & questions with 10 friends who share with 10 friends & so on...EPer: David E.H. Smith (not verified)
Right now global recessions woes persist and fiscal policy has been obstructed by conservatives putting the burden on central bankers... who have run out ammo. The root cause is overproduction which led to outsourcing our manufacturing jobs and so unbalanced the global economy. There were props along the way but the main prop was socialist China's new city stimulus; and it has come to near standstill. So really, does its matter. While fiscal stimulus can create demand in the short term, in the long term the global economy is still unbalanced, and if not unchecked, will spin out of control. We need new ideas, and I don't see any out there.EPer: Practical Idealist
If you are going to talk about trade deficits, you have to bring the petrodollar into play.EPer: Practical Idealist
To make it appear Hillary is the foregone conclusion, the inevitable nominee. They are still doing this, repeatedly saying Bernie has no chance or ignoring his wins and surges. They barely cover him in many cases. Establishment media is so useless, some very expensive talking noise that runs 24/7.
There are 4,763 total Democratic delegates
- 770 super-delegates
= 3,993 regular delegates (allocated by primaries/caucuses)
2,383 delegates are needed for the party nomination
- 770 super-delegates
1,613 outstanding regular delegates needed for nomination
Excluding super-delegates, regular delegates allocated so far as of March 90, 2016:
Super-delegates can change their mind any time up until the DNC convention in July. If the don't vote with the popular vote, that could spell big trouble for the political insiders (and Bernie could even run as an Independent -- or his supporters would write in his name -- or they would vote Republican -- or they might not vote at all.)
But the media (especially on the cable news stations) are always totaling the delegate count with the super-delegates to make the election appear as though it's already a done deal for Hillary.
Wow, didn't see that one coming. Congrats to all Bernie supporters. He is clearly highly competitive and if they swing it just to super delegates that will be disgusting now wouldn't it?
by a strange attitude taking person who should know better.EPer: David Chester
A phony STEM shortage and the scandal of engineering visas -- how American jobs get outsourced
Trade deficits between the U.S. and the 11 other countries in the proposed Trans-Pacific Partnership (TPP) cost 2 million U.S. jobs in 2015
The wage stagnation that's driving the 2016 campaign
The State of American Retirement - How 401(k)s have failed most American workers
Warren Buffett wrote: “America’s golden goose of commerce and innovation will continue to lay more and larger eggs. America’s Social Security promises will be honored and perhaps made more generous. And, yes, America’s kids will live far better than their parents did.”
Indices really imply a currency manipulation game going on. Have to revisit the losses to the U.S. economy over currency manipulation after reading this.
530 + 24 = 554.
off by 1.
Yes each series has it's own seasonal adjustment but on table A they do add unless there is a rounding issue, cumulative.
The GDP report really has these as each is also computed separately, if one noticed on the components.