The Mexican government’s heavily militarized fight against narcotraffickers has helped keep the country mired in violence and inequality.
Deregulation and Free Trade a Win-Win for Mexican Narcotraffickers
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Free Trade
Don’t Expand NAFTA
The United States recently announced that Canada and Mexico will join negotiations for the Trans-Pacific Partnership (TPP)—a secretive U.S.-led multinational trade and investment agreement currently being negotiated with eight other countries in the Pacific Rim region. On the other side of the Pacific, Japanese legislators are defecting in droves to try to stop the country’s entry into the negotiations. But the situation is much different in Canada and Mexico, which were admitted to the table with much fanfare during the G20 summit in June.
President Obama Takes Globalization to New Heights
The Trans-Pacific Partnership trade agreement is shaping up to be as bad as NAFTA or worse.
Japan, Nuclear Energy, and the TPP
A little over a year since the Fukushima Daiichi meltdown in Japan, Japanese Prime Minister Yoshihiko Noda announced the shutdown of the last of the country’s 50 usable nuclear reactors. However, as the Mainichi Daily News reports, Japan will also be spending billions of dollars importing extra oil and gas to meet its energy demand, which will produce a projected 180-210 million additional tons of emissions this year.
The Modern Gold Rush
In September of this year, the price of gold reached a record high, breaking $1,900 per ounce for the first time in history. This unprecedented spike in gold prices has come in the midst of the U.S. debt crisis and the financial turmoil sweeping over Europe. Although prices have tempered since then, hovering around $1,650 per ounce in October, the overall price of gold has more than quintupled over the past decade.
Occupy APEC with Aloha
“The time has come for us to voice our rage,” the Hawaiian artist Makana sang as he gently strummed his slack-key guitar. “Against the ones who’ve trapped us in a cage, to steal from us the value of our wage.”
Makana wasn’t serenading the Occupy movement; rather his audience included over a dozen of the world’s most powerful leaders, including President Obama and China’s Premier Hu Jintao, at the world’s most secure, policed, and fortified event: the Asia Pacific Economic Cooperation (APEC) dinner in Hawaii.
The Puzzling Persistence of APEC
The Asia Pacific Economic Cooperation has just concluded its annual summit in Honolulu, once President Obama’s home turf. It will probably be most remembered for the traffic jams it created in the Waikiki Beach area, to the consternation of residents and tourists alike. APEC’s continuing existence is a puzzle to many, for APEC’s record of irrelevance is rivaled by few other international forums.
Panama: Free-Trade Tax Haven
Negotiated by President Bush in 2004-2006, the U.S.-Panama free-trade agreement has since stalled in the face of congressional opposition. However, recent House votes have suggested a renewed interest in ratifying the agreement, which would normalize Panama’s status as a notorious tax haven for U.S.-based corporations, along with other, seedier entities.
Will Obama Sabotage His Jobs Plan With Job-Killing Free-Trade Agreements?
In his speech Thursday, President Obama is expected to express support for previously stalled trade pacts, even though government studies predict that they would increase the U.S. trade deficit and cost the United States more jobs.
Third Prize: You’re Fired
In the movie Glengarry Glen Ross, Alec Baldwin walks into the office of underperforming salesmen and shakes them to their core. He’s the guy from the head office, and his motivational speech has a whiff of sulfur to it. The top prize for sales that month, he announces, will be a new Cadillac. The second prize: a set of steak knives. As for the third prize, he informs them with a certain twinkling malice, “You’re fired.” One of the salesmen in the audience, Ed Harris, leans back in his chair — he’s not buying it. Baldwin takes off his watch, puts it on Harris’s desk, and says that it costs more than the Hyundai that Harris drove to work. “I made $970,000 last year,” Baldwin practically spits at him. “That’s who I am. And you’re nothing.”