Christian Gomez talks about the illusion of a Trans Pacific Partnership vs FTAAP narrative.
Tag Archives | Free Trade
Republished with permission from Occupy.com
Do you plan on disrupting the hearing?” he asked. The long hallway outside Dirksen Senate Building Room 215 was filling up. What started as just a few people at five past 8 a.m. had now turned into something closer to 40 or 50 by 9:30.
The officer had asked me to step out of line so he could specifically ask me that question. “I just plan on taking pictures,” I said, motioning towards the camera hanging around my neck.
“Does anyone in that group plan on disrupting?” he asked, pointing at the others at the front of the line.
“I don’t know. You’d have to ask them.”
He didn’t ask. And they did disrupt.
As Cassidy Regan reported: “Activists with signs and banners chanting ‘No TPP!’ and ‘No Fast Track!’ were escorted from the Senate Finance Committee hearing room shortly after the U.S. Trade Representative took the microphone.”
With evenly spaced precision, Dr.… Read the rest
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As the federal government shutdown continues, Secretary of State John Kerry heads to Asia for secret talks on a sweeping new trade deal, the Trans-Pacific Partnership.
The TPP is often referred to by critics as “NAFTA on steroids,” and would establish a free trade zone that would stretch from Vietnam to Chile, encompassing 800 million people and nearly 40 percent of the global economy. While the text of the treaty has been largely negotiated behind closed doors and, until June, kept secret from Congress, more than 600 corporate advisers reportedly have access to the measure, including employees of Halliburton and Monsanto.
“This is not mainly about trade,” says Lori Wallach, director of Public Citizen’s Global Trade Watch. “It is a corporate Trojan horse. The agreement has 29 chapters, and only five of them have to do with trade.
A critical document from President Barack Obama's free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises. The leaked document has been posted on the website of Public Citizen, a long-time critic of the administration's trade objectives. The new leak follows substantial controversy surrounding the secrecy of the talks, in which some members of Congress have complained they are not being given the same access to trade documents that corporate officials receive. "The outrageous stuff in this leaked text may well be why U.S. trade officials have been so extremely secretive about these past two years of [trade] negotiations," said Lori Wallach, director of Public Citizen's Global Trade Watch in a written statement...
An opposition MP set off a teargas canister in the South Korean parliament in a failed attempt to prevent the ruling party passing a free trade deal with the US. Proponents said the deal, the largest US trade pact since the 1994 North America Free Trade Agreement (Nafta), could increase commerce between the two countries by up to a quarter. But the opposition claims it will harm South Korean interests, putting jobs at risk ...
It may surprise you to learn that most of the stock trades in the U.S. are no longer being made by human beings, but by robot computers capable of buying and selling thousands of different securities in the time it takes you to blink an eye. These supercomputers — which actually decide which stocks to buy and sell — are operating on highly secret instructions programmed into them by math wizards who may or may not know anything about the value of the companies that are being traded. It's known as "high frequency trading," a phenomenon that's swept over much of Wall Street in the past few years and played a supporting role in the mini market crash last spring that saw the Dow Jones Industrial Average plunge 600 points in 15 minutes. Most people outside of the industry know very little, if anything, about it. But the Securities and Exchange Commission and members of Congress have begun asking some tough questions about its usefulness, potential dangers, and suspicions that some people may be using computers to manipulate the market.