Following a signing ceremony this week in New Zealand, the Obama administration is calling on the GOP-controlled Congress to hurry up and approve the massive “free-trade” regime known as the Trans-Pacific Partnership. Despite fierce opposition and the ongoing presidential primaries, Obama's Trade Representative, Michael Froman, said he was confident that Republican lawmakers would comply with the White House's demand in the months ahead, warning of “economic consequences” if Congress did not make haste. At this point, though, approval appears to be far from certain. Dubbed “Obamatrade” by critics, the deeply controversial treaty has opponents up in arms all across the political spectrum, despite support from the establishment wing of both parties.
The Fourth Industrial Revolution — centered in China where indusrtrial robots are replacing humans — has many side benefits in addition to lower costs and higher standards of living.
According to Dow Jones, the first week of 2016 was the worst five-day start for the Dow on record. Over the course of the week, the Dow lost 1,079 points, over six percent of its value. Investors saw markets plunge last week as fears about Chinese markets dealt a heavy blow to markets worldwide.
OPEC's implosion continues apace, with even more recent bad market decisions, proving that cartels never last.
Globalists insist buyouts of U.S. companies by communist China’s state-owned enterprises (SOEs) are a good thing. ObamaTrade/TPP praises SOEs, will speed Chinese takeovers.
One could say that ride-sharing services such as Uber and Lyft are restoring normalcy to an abnormal market.
Investors in the stock of Glencore, the giant commodities mining and trading company, lost almost a third of their portfolios’ value on Monday.