Wednesday, May 23, 2012

Today's Teamster News 05.23.12

Trade Negotiators Trying to Limit “Buy American”  Trade Reform   ...U.S. Trade Negotiators are pushing for a provision in the Trans Pacific Partnership (TPP) trade agreement that would prevent the U.S. government from “Buying American” when spending taxpayer money...
China Mainlined Into U.S. Debt  Economic Populist   ...China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters...(and If China wants to deliberately undervalue its currency, well, let's just make it easier for them to do so...)
Massive Montreal rally marks 100 days of student protests  The Globe and Mail   ...Tens of thousands of people clogged Montreal’s city core in a festive, multi-headed march designed to make a mockery of a new provincial law that demands protest routes be approved in advance...
Obama spending binge never happened  MarketWatch  ...Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s...
For the Billionaire who has everything: "I think I'll buy me a State!"  Uppity Wisconsin   ...A brief review of Governor Scott Walker's biggest donors reveals more than just Diane Hendricks (net worth $2.8 Billion) giving Walker a $500,000 retainer to deliver a “red state”. She is not the only billionaire to make a down payment on a “Red: right to work” Wisconsin...
Canadian Pacific Strike Starts, Snarling Rail Shipments  Bloomberg BusinessWeek   ...Teamsters union members walked off their jobs at Canadian Pacific Railway Ltd. (CP) today, disrupting cargo shipments and complicating operations for a company trying to replace its chief executive officer.,,