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September 29, 2007 |
Huge crowds in Costa Rica protest CAFTA
Reuters
SAN JOSE, Costa Rica (Reuters) - More than 100,000 Costa Ricans, some dressed as skeletons, protested a U.S. trade pact on Sunday they say will flood their country with cheap farm goods and cause job losses. |
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September 29, 2007 |
Dollar crunch puts gold centre stage
Telegraph (UK)
THE dominoes are toppling. What began as a credit crunch has turned into a dollar crunch. We are witnessing a run on the world's paramount reserve currency, an event that occurs twice a century or so, and never with a benign outcome. The US dollar has fallen through parity against the Canadian dollar and plummeted to all-time lows against a basket of currencies. This is dangerous. None of the mature economic blocs seems able to take the strain, let alone step in to restore order.
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September 28, 2007 |
Investors to Fed: Thanks for nothing
Fortune Magazine
One of the core principles of the U.S. medical profession is the Hippocratic oath, the most famous part of which is "Do no harm." It's too bad that the governors of the Federal Reserve Board don't have to take such a pledge when they assume office, because their recent interest rate cut has done a lot of harm to those of us who've managed our finances prudently.
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September 27, 2007 |
U.S. for sale to foreigners by Texas hold'em rules
Worldnet Daily
Establishing public-private partnerships that give away control of U.S. infrastructure to foreigners is like playing the casino game "Texas hold'em," a top Texas Department of Transportation official told the EuroMoney conference meeting yesterday in the plush Waldorf-Astoria Hotel in New York City. |
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September 26, 2007 |
Can this woman save free trade?
Fortune Magazine
Susan Schwab is sitting inside a VIP lounge at Dulles airport near Washington, waiting for a call from The Chairman. Jet fumes hang on the tarmac outside, but what Schwab smells is a deal.
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September 26, 2007 |
Protectionism may scuttle SPP
Miscellaneous
Canada's relationship with the United States is stalled thanks to an "unhealthy" trend in the U.S. toward nationalism and away from deeper economic ties, Prime Minister Stephen Harper told a prestigious foreign policy think-tank here yesterday. |
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September 26, 2007 |
Gore calls for ‘global Marshall plan’
Financial Times
Al Gore, the former US vice-president, on Wednesday called for a “Marshall plan” to make job creation and measures to address climate change compatible and urged President George W. Bush to commit to mandatory cuts in carbon dioxide emissions. |
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September 25, 2007 |
WTO in formal China-piracy probe
CNNMoney
The World Trade Organization opened a formal investigation Tuesday into allegations China is providing a safe haven for product piracy and counterfeiting, the most far-reaching of four trade disputes between Washington and Beijing, trade officials said. |
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September 25, 2007 |
Congress debate begins on North America Union
Worldnet Daily
A House resolution urging President Bush "not to go forward with the North American Union or the NAFTA Superhighway system" is – according to its sponsor Rep. Virgil Goode, R-Va., in an exclusive WND interview – "also a message to both the executive branch and the legislative branch." |
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September 25, 2007 |
Chinese buy into banking conspiracy theory
Financial Times
In a new Chinese best-seller, Currency Wars , these disparate events spanning two centuries have a single root cause: the control of money issuance through history by the Rothschild banking dynasty. |
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