President Barack Obama has been on the receiving end of harsh criticism over a pair of trade deals being negotiated among Pacific nations and the EU, mostly from his own party. On Thursday, he defended the deals as “vital” for the middle class.
Trade unions, populist activists and many Democratic lawmakers are rallying against the Trans-Pacific Partnership (TPP) trade deal. They say the secretive treaty is harmful to US workers, the economy and environmental policies.
Given the remaining differences in the approach to the bailout between the Greek government and the Troika, a default would be the best thing for the Greek people, Marco Pietropoli, London-based economist, told RT.
The world’s leading exporters should boost domestic demand and inflation to stimulate growth, the US treasury secretary said, rather than look to US markets to absorb their products. He also called for flexible currency rates, especially in China.
The UK Debt Management Office (DMO) was forced to put off an auction of short-dated Treasury bills, as Bloomberg terminals used by traders, investors and governments around the world suffered a two and a half hour outage Friday morning.
Leaders of two key congressional panels have agreed on a deal that would “fast-track” the Obama administration’s ability to draft a pair of controversial international trade bills and move them through Congress.
A growing number of Eurocrats allegedly oppose Prime Minister David Cameron’s demand for EU treaty renegotiation, as they are fearful of a quiet democratic revolution born of EU citizens’ will to protect the sovereignty of national parliaments.
Low-wage fast food workers are preparing for a one-day nationwide protest in what some are saying will be the largest mobilization of US workers seeking to achieve higher pay, benefits and the right to unionize.