Tuesday, August 2, 2011

Trade deals on hold until September as Congress leaves town

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Consideration of three long-delayed free-trade agreements will have to wait until at least September as lawmakers head out of town early for their August recess.

- Let's fight to save America jobs while we still have time.

Monday, August 1, 2011

Banking giant HSBC posts $11.5 billion profit, announces plan to slash 25,000 more jobs

Banking giant HSBC posts $11.5 billion profit, announces plan to slash 25,000 more jobs - Americans for Political Change

The world might economies might be crumbling, but at least the banks are doing very well. The problem is that those profits are coming at the expense of most of us. Robin Hood in reverse?

Sunday, July 31, 2011

Free trade talks put U.S. shoe jobs in balance

Free trade talks put U.S. shoe jobs in balance

Now, however, comes what may be an insurmountable challenge. The Obama administration is negotiating a free-trade agreement with Vietnam and seven other countries, and it is unclear whether the plant can stand up to a flood of shoes from that country, already one of the leading exporters of footwear to the United States.

"We are deeply concerned by the inclusion of Vietnam in a potential free-trade agreement," said Rob DeMartini, president and chief executive of New Balance.

...The shoe tariff, by pushing up the cost of importing shoes, means a pair of athletic shoes made in the Norridgewock factory or anywhere else in the U.S. is more competitive than it otherwise would be, and partially offsets the costs of higher wages paid here. On a pair of shoes that comes into the country valued at $30, for example, a typical 20 percent duty amounts to $6. (In many cases, the markup amounts to 100 percent, meaning those shoes would sell to consumers for $72.)

Saturday, July 23, 2011

Jeffrey Sachs: Budgetary Deceit and America's Decline

Jeffrey Sachs: Budgetary Deceit and America's Decline - Americans for Political Change

Ron Paul polls just 4 points below Obama if the two ran head-to-head

Jobrny's Rant: Ron Paul polls just 4 points below Obama if the tw...: "This is embarrassing for the President. Ron Paul is a fringe candidate with no chance of being the nominee of the Republican Party. This sho..."

Gunmen kill Iranian nuclear scientist in Tehran

Jobrny's Rants: Gunmen kill Iranian nuclear scientist in Tehran:

"Gunmen kill Iranian nuclear scientist in Tehran Gunmen on a motorcycle assassinated an Iranian nuclear physicist on Saturday, Iranian medi..."

U.S. wastes $34 billion in Afghan and Iraq contracting

That's money that could have gone towards reducing the debt.
http://ping.fm/bElIN

Friday, July 22, 2011

Federal Spending In Ron Paul’s District Quadrupled In The Last Ten Years

Federal Spending In Ron Paul’s District Quadrupled In The Last Ten Years
THINK PROGRESS | JULY 22, 2011
http://pulse.me/s/NOHd

Federal spending in anti-government Rep. Ron Paul’s (R-TX) district has quadrupled since 1999 to more than $4 billion, ... read more

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REPORT: Number Of Tea Party Events Down More Than 50 Percent In 2011

REPORT: Number Of Tea Party Events Down More Than 50 Percent In 2011
THINK PROGRESS | JULY 22, 2011
http://pulse.me/s/NVqs

Last September, Tea Party Patriots co-founder Jenny Beth Martin answered critics who predicted that the movement would soon ... read more

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Thursday, July 21, 2011

Harry Reid: House Taking A Weekend Off Could Cause Catastrophe

Harry Reid: House Taking A Weekend Off Could Cause Catastrophe
HUFFINGTON POST: POLITICS | JULY 21, 2011
http://pulse.me/s/MPm3

WASHINGTON -- House Republicans are setting up a catastrophic U.S. default by deciding to take a weekend off while time to ... read more

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