For the 2014-2015 marketing year beginning Sept. 1, the report projects a seasonal average farm price of just $3.65 per bushel of corn–compared to $4.50 for the current year. In 2015-2016, the price drops further to $3.30 per bushel before beginning a slow but steady climb back up to $4.10-$4.20 per bushel by 2023 [...]
Mitsui O.S.K. Lines Ltd. (MOL) has agreed to pay $1,275,000 in penalties under a compromise agreement with the Federal Maritime Commission. The agreement between the FMC and MOL and its corporate affiliate Nissan Motor Car Carrier Co. (NMCC) resolves allegations that MOL and NMCC violated section 10(a) of the Shipping Act, 46 U.S.C. § 41102(b), [...]
Jose Maria Villalta, a pro-union candidate for president, was a front runner in Costa Rican polls until a propaganda campaign was waged by the U.S.-backed oligarchy.
At peak moments of the “war on drug trafficking” or for “humanitarian activities”, there may be dozens of ships at Costa Rican bases, from aircraft carriers to amphibious vehicles, [...]
President Barack Obama is headed to Toluca, Mexico – hometown of Mexican President Enrique Peña Nieto, next week for a North American summit.
A big topic of the meeting will be the Trans Pacific Partnership, a trade agreement that the Obama administration is negotiating and wants to see get approval from Congress, but that has [...]
From the Washington Post:
Despite the fact that woefully little attention has been paid to the deal by mainstream news outlets, liberals, unions and tea party groups — which dubbed fast-track “Obamatrade” — have created a groundswell of grassroots opposition to the TPP that seems to have been heard by enough lawmakers in Washington [...]
By country, the United States ran another record trade deficit with China: $318.4 billion for the year, an increase of 1 percent from 2012. The United States has recorded its largest trade deficit with China each year since 2000, when that country supplanted Japan as the nation with the largest trade imbalance with the [...]
Excerpts from The Nation:
The final iteration of the bill cuts $8 billion from food stamps, a key demand made by Americans for Prosperity, which aired advertisements and organized opposition to the initial Farm Bill because of the supposed waste of providing food assistance to needy families. Americans for Prosperity is controlled by the billionaire [...]
Ford Motor Co. (F) said it will oppose the Trans-Pacific Partnership if the trade agreement doesn’t limit a country’s ability to manipulate its currency.
The proposed pact “is not likely to generate any net benefits for American manufacturers if it does not address the critical issue of currency manipulation,” Joe Hinrichs, Ford’s president of the [...]
From the Chicago Tribune:
As Arctic ice melts away, opening the way for greater oil development and mining, the White House outlined a plan on Thursday to promote safety and security in the region by building ports, improving forecasts of sea ice, and developing shipping rules.
The White House plan was released on the same [...]
Harry Reid, who as the leader of Senate Democrats controls which legislation is brought up for a vote, said Wednesday that now was not the time to think about bringing a request for trade promotion authority to Congress. ”I’m against ‘fast track,’ ” he said. ”I think everyone would be well advised just to [...]
Until earlier this month, Japan had been under strong pressure from the U.S. to open its market as part of the highly contentious Trans-Pacific Partnership free trade negotiations. On Thursday, Japan appeared to be suddenly let off the hook.
U.S. Senate Majority Leader Harry Reid made clear his opposition to granting the Obama administration power [...]
Only 71 ships crossed the Northern Sea Route last year, compared to the 18,000 handled by the Suez Canal, but about a 1,000 vessels travelled into the high Arctic, with much of the growth coming from oil and gas activity, particularly in Russia. Click on the image to see the full-sized version.
Maritime nations [...]
Bishop Richard Pates
As the United States Congress discusses the Trans-Pacific Partnership, a trade agreement that potentially involves 13 nations, the chairman of two committees of the United States Conference of Catholic Bishops offered eight principles for consideration.
“While the USCCB does not take positions for or against particular trade agreements, we would like to [...]
One of the only things that economists agree on regarding the North American Free Trade Agreement (NAFTA), which marked its 20th anniversary of being in effect on New Year’s Day, is that such trade pacts are a major contributing factor to growing U.S. income inequality. Obama is expected to dedicate much of his State [...]
This 1997 photo shows Gary Hefner, a local union president, standing in front of signs he put up after General Electric closed its plant in Hickory, NC, and moved it to Mexico. AP Photo.
Excerpts from an interview with Global Trade Watch Director Lori Wallach at BillMoyers.com:
NAFTA wasn’t just about trade. It [...]