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Milking it for politics? U.S., Canada dig in on dairy in NAFTA talks - POLITICO
To complete a new trade deal, Canada may have to concede ground on its system for controlling the dairy market.
economy  tariffs 
12 hours ago by srminton
U.S.-Canada NAFTA talks are poised to come to a head this week | Financial Post
If the countries fail to get a deal this week, they'll be at a crossroads
tariffs  economy 
12 hours ago by srminton
As Nafta Talks Resume, U.S. and Canada Aren’t Budging on Key Priorities - The New York Times
There is little agreement on some of the biggest sticking points, including agriculture and an independent dispute resolution system that Canada wants to retain.
economy  tariffs 
12 hours ago by srminton
Canada rejoins NAFTA talks as US autos tariff details emerge 
U.S. lawmakers warned, however, that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress.
economy  tariffs 
12 hours ago by srminton
A new approach to EU-US trade: Less is more – POLITICO
Both Brussels and Washington see the merits of a quick deal. But it won’t be easy.
economy  tariffs 
12 hours ago by srminton
Blue-Collar Workers, and Trump, Have Reason to Celebrate - Bloomberg
The goods-producing industries are manufacturing, construction and mining (which includes oil and gas extraction). They tend to employ lots of men without college educations, a group that has struggled mightily with the economic changes of the past half century.  Hassett featured goods-producing jobs in his slide show on Monday, labeling them “blue-collar jobs” and showing their six-quarter growth rate because that makes it look like there’s been a big takeoff since the November 2016 election. I chose the five-year growth rate because it cuts out a lot of noise and makes clearer how different this expansion has been than the past few. Since early 2010, we have been experiencing the strongest run of goods-producing job growth since the 1960s.
economy  TrumpTaxCut  bloomberg 
23 hours ago by HispanicPundit
Ten years after Lehman’s collapse, these 10 risks could cause the next crisis
Foreign corporate debt
Collateralized loan obligations
Nonbank mortgage lenders
Shadow banking
Exchange-traded funds
High frequency trading
Bank deregulation
Something else
WallStreet  wealthinequality  economy 
yesterday by campylobacter
Trump China Tariffs: Plan of 10% on $200 Billion in Chinese Goods - Bloomberg
China will reject new trade talks if President Donald Trump moves ahead with the next round of U.S. tariffs on Chinese products, throwing into doubt the prospect of a diplomatic breakthrough, according to two people familiar with the matter.
tariffs  economy 
yesterday by srminton
The Rise of the Inequality Industry | The Nation
n the fall of 2011, Janet Gornick, a professor of political science at the City University of New York, went down to Manhattan’s Zuccotti Park to join Occupy Wall Street. For the past two decades, Gornick had been working at the Luxembourg Income Study, an organization with a branch in New York City that amasses data sets on income and wealth disparities around the world. Gornick knew from her work that economic inequality had long been a subject of scholarly inquiry. “There were hundreds of working papers assessing its causes, looking at how welfare states mitigate market-driven inequality, and so on,” she recalls. But for most of her tenure at the LIS, the study of inequality was still a niche field, and an academic one at that. Save for a handful of economists and sociologists, the growing gap between rich and poor wasn’t keeping a lot of scholars up at night. As long as the economy was growing, most analysts in wealthy countries figured everyone would eventually end up better off.

This isn’t to say that no one was paying attention. The late economist Tony Atkinson—the British “godfather” of inequality studies, according to Gornick—had written extensively on how and why societies grow unequal. But for decades, Atkinson was an outlier, someone shouting in the dark. Inequality was also passionately debated in philosophy departments after the publication of John Rawls’s A Theory of Justice in 1971, but that conversation tended to center on highly theoretical notions of how much inequality a society could reasonably tolerate—not popular demands to rein in the earnings of the 1 percent.
inequality  stratification  economy 
yesterday by verstehen
Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not. - The New York Times
Instead of offering a counternarrative to America’s moral trope of deservedness, liberals have generally submitted to it, perhaps even embraced it, figuring that the public will not support aid that doesn’t demand that the poor subject themselves to the low-paying jobs now available to them. Even stalwarts of the progressive movement seem to reserve economic prosperity for the full-time worker.
poverty  economy  america  homelessness  fusechange 
2 days ago by corrales

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