South Korean workers are preparing to strike back at their government’s labor reforms, trade agreements, and general indifference to the fate of working people.
South Korean Labor Strikes Back
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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.
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.”
The Audacity of Free Trade Agreements
Congress could vote any day now to strike a new blow against already-battered U.S. workers and the unemployed. Committees in the House and Senate recently marked up the Colombia, Panama, and South Korea Free Trade Agreements (FTAs). The Obama administration is urging passage of all three relics of the Bush administration before the summer recess. The full-court press on the FTAs represents a reversal for a president elected on a trade reform platform.
Free Trade Kills Korean Farmers
The Korea-U.S. Free Trade Agreement (Korea FTA), which the Obama administration is promising to send to Congress for ratification in the next weeks, would be the largest international trade deal since the North American Free Trade Agreement (NAFTA). Korea is the seventh largest U.S. trading partner and the United States is Korea’s third largest trading partner. Commerce between the two countries is estimated at $86 billion annually. The Korea FTA was originally signed in April 2007 by President Bush and later amended by the Obama administration in December 2010. But neither the U.S. Congress nor the South Korean parliament has yet to sign it
Why Egypt Will Not Turn Into Another Iran
Some prominent congressional leaders and media pundits, in a cynical effort to mislead the American public into supporting the Egyptian dictatorship of Hosni Mubarak and opposing the popular nonviolent struggle for democracy, have raised the specter of Egypt’s government falling into the hands of radical Islamists who would attack Israel and support international terrorism. To illustrate this frightening scenario, these apologists for authoritarianism try to compare the current pro-democracy uprising against the U.S.-backed Egyptian dictatorship of Hosni Mubarak with the 1978-79 insurrection against the U.S.-backed Iranian dictatorship of Shah Reza Pahlavi.
Peru Trade Deal Unravels
In 2007, a determined Democratic caucus put their collective feet down. They refused to consider any more free trade agreements without a new model, with stronger protections for labor, human rights, and the environment. And so in May, the caucus and its supporters cut a deal with the Bush administration for a new and improved FTA with Peru.
Obama’s About-Face on Trade
On a frigid Wisconsin day in February 2008, the rapier-like rhetoric of Democratic presidential candidate Barack Obama slashed away at “free trade” deals that have cost thousands of Wisconsin jobs. He bemoaned the overseas flight of U.S. jobs and connected viscerally with thousands of mostly blue-collar workers at a rally at an imperiled General Motors plant in Janesville, Wisconsin that would ultimately close 10 months later.
Forget the FTA Fix, Just Say No
The free trade push has begun again. Both U.S. President Barack Obama and South Korean President Lee Myung-bak are calling for ratification of the U.S.-Korea Free Trade Agreement, which was signed by the two countries’ trade representatives in April 2007 but has yet to be approved by either the U.S. Congress or the South Korean parliament. Aware of how unpopular the agreement remains, President Obama wants the U.S. Congress to delay the approval vote until after the mid-term elections in early November but before the mid-November G-20 meeting in Seoul.