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AmericanEconomicAlert.org Opinion
Editorial updates from the research staff at USBIC:
Kevin L. Kearns, 4/22/2015

President Obama has spent the past six years negotiating a Trans-Pacific Partnership (TPP) trade deal behind closed doors. The agreement, touted as a boost for America’s manufacturers and workers, would open the U.S. market to a slew of imports from 12 nations, including Vietnam, Japan, Singapore, and Malaysia.

 

Kevin L. Kearns
 
Kevin L. Kearns, 4/22/2015

President Obama has spent the past six years negotiating a Trans-Pacific Partnership (TPP) trade deal behind closed doors. The agreement, repeatedly touted as a boost for America’s manufacturers and workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore, and Malaysia.

 

Kevin L. Kearns
 
Kevin L. Kearns, 4/22/2015

President Obama has spent the past six years negotiating a Trans-Pacific Partnership trade deal behind closed doors. The agreement, repeatedly touted as a boost for America’s manufacturers and workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore, and Malaysia.

 

Kevin L. Kearns
 
More Opinion
Kevin L. Kearns, 4/22/2015
USBIC President Kevin L. Kearns discusses the negative impacts of fast track trade authority and the Trans-Pacific Partnership on the Thom Hartmann show and CNBC Asia.
Kevin L. Kearns, 4/17/2015
President Obama has a deal for America, two in fact: Trade Promotion Authority (TPA) and the Trans-Pacific Partnership (TPP). TPA, or “fast track,” would force Congress to pass his TPP trade deal without exercising its constitutionally mandated duty to regulate foreign trade. Why? Because TPA does not allow Congress to alter even one comma in this secretly negotiated agreement.
4/3/2015
A modest jobs report from the Labor Department may indicate the economy and therefore job growth is slowing. Putting the labor market in perspective: If the same percentage of adults were working or seeking work as when president Obama took office, the current unemployment rate would be 9.7 percent. So a lackluster recovery, with low productivity and anemic wage growth, may be slowing further.
3/17/2015
The Fed would do well to consider the strength of the dollar, low inflation and slowing growth before strangling the relatively weak recovery with interest rate hikes.
6/30/2014
Accelerating inflation could deliver another body blow to the struggling middle class and working poor.
6/30/2014
Democracy, or the lack of it -- in a capitol controlled by capital, is what is failing the middle class. The White House and Congress respond to Big Money's requests in exchange for campaign contributions to try to win elections. It's a fools errand to try to solve the problem by simply taxing the rich.
Alan Tonelson, 5/27/2014
From a small manufacturing firm right in the middle of numerous major industry supply chains comes a warning to take all manufacturing renaissance claims with a boulder of salt.
5/22/2014
Commentary by Peter Morici, Ph.D. To head off a tough bout with stagflation-slow growth and high inflation-the Federal Reserve should start raising interest rates soon. Most economists expected 2014 to be a breakout year. A surge in new home construction was anticipated to instigate growth and jobs creation throughout the economy, even as inflation remained reasonably tame. So far the reverse appears to be happening. Over the last year, consumer prices are up 2.0 percent-nicely within the Fed's target range-but in recent months, food and energy prices have increased strongly.
Alan Tonelson, 5/15/2014
More than six years after the last, devastating recession began, manufacturing output still hasn't returned to pre-downturn levels. And nowhere is the role of inept trade policy clearer than in a steel industry once more victimized by massive foreign dumping.
Alan Tonelson, 5/6/2014
Everywhere Washington's hand is visible in U.S. trade policy, the trends are moving in the wrong direction and damaging the U.S. economy. American leaders' top priority should be staunching the bleeding, not enabling more of the same via fast track authority for the President.