Skip to main content

Home/ Socialism and the End of the American Dream/ Group items tagged TPP-Fast-Track

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
Gary Edwards

The Senate Has Passed the TPP Fast Track Bill-We Now Take Our Fight to the House | Elec... - 0 views

www.eff.org/...-fast-track-now-fight-in-house

TPP-Fast-Track

shared by Gary Edwards on 26 May 15 - No Cached
  • Lawmakers have headed back to their home district for the Memorial Day recess, so there's a chance you, as a constituent, can meet with them. Absent that, you can visit their district staff who can receive and forward on your concerns to your representative even after lawmakers go back to the Capitol. They will be receptive to the concerns of smart, tech-savvy constituents who care enough to arrange a meeting. We know there's a big difference between calling and writing to your congressperson, and actually talking to them face-to-face. But this is a vital moment, and there's a fighting chance that your decision to meet with your representative's office could make all the difference.
  • If you're interested, read this guide on how to set up a meeting with your lawmakers. We also prepared a hand out with talking points for you to take with you when you go. We also encourage you to tell them about our letter with 250 tech companies and user rights groups urging Congress to oppose the TPP Fast Track for containing provisions that threaten digital innovation and users. Powerful corporate interests like the Motion Picture Association of America, Recording Industry Association of America, and the Business Software Alliance are intent on having anti-user trade deals pass without proper oversight. That's because the policies they're pushing for couldn't otherwise pass in a participatory, transparent process. It's up to us to stop this massive, secret corporate hand out, and we're going to need all the help we can get. If you end up meeting with your representative or their staff, please email info@eff.org to let us know how it went!
  • Gary Edwards on 26 May 15
     
    "The Senate passed a bill Friday night to put the Trans-Pacific Partnership (TPP) on the Fast Track to approval. Its passage followed a series of stops and starts-an indication that this legislation was nearly too rife with controversy to pass. But after a series of deals and calls from corporate executives, senators ultimately swallowed their criticism and accepted the measure. If this bill ends up passing both chambers of Congress, that means the White House can rush the TPP through to congressional ratification, with lawmakers unable to fully debate or even amend agreements that have been negotiated entirely in secret. On the plus side, all of these delays in the Senate has led other TPP partners to delay any further negotiations on the trade agreement until Fast Track is approved by Congress. So the fight now starts in the House, where proponents of secret trade deals still lack the votes to pass the bill. But the White House and other TPP proponents are fiercely determined to garner enough support among representatives to pass the bill, in order to give themselves almost unilateral power to enact extreme digital regulations in secret. We cannot let that happen. In the House, we still have a chance to block the passage of Fast Track. That's why we are asking people in the U.S. to meet with their representatives and staff to nudge them to make the right decision. Back in DC, they may have heard arguments for and against the TPP. Your representative might think this so-called trade agreement is just about free trade, but they might not know how the copyright provisions and other leaked proposals in the TPP threaten the Internet, as well as users, developers, and start-ups across the country."
Paul Merrell

The Trans-Pacific Partnership and the Death of the Republic | WEB OF DEBT BLOG - 0 views

ellenbrown.com/...-and-the-death-of-the-republic

trade agreements TPP fast-track Investor-State-DisputeSettlement ISDS legislation

shared by Paul Merrell on 26 Apr 15 - No Cached
  • On April 22, 2015, the Senate Finance Committee approved a bill to fast-track the Trans-Pacific Partnership (TPP), a massive trade agreement that would override our republican form of government and hand judicial and legislative authority to a foreign three-person panel of corporate lawyers. The secretive TPP is an agreement with Mexico, Canada, Japan, Singapore and seven other countries that affects 40% of global markets. Fast-track authority could now go to the full Senate for a vote as early as next week. Fast-track means Congress will be prohibited from amending the trade deal, which will be put to a simple up or down majority vote. Negotiating the TPP in secret and fast-tracking it through Congress is considered necessary to secure its passage, since if the public had time to review its onerous provisions, opposition would mount and defeat it.
  • The most controversial provision of the TPP is the Investor-State Dispute Settlement (ISDS) section, which strengthens existing ISDS  procedures. ISDS first appeared in a bilateral trade agreement in 1959. According to The Economist, ISDS gives foreign firms a special right to apply to a secretive tribunal of highly paid corporate lawyers for compensation whenever the government passes a law to do things that hurt corporate profits — such things as discouraging smoking, protecting the environment or preventing a nuclear catastrophe. Arbitrators are paid $600-700 an hour, giving them little incentive to dismiss cases; and the secretive nature of the arbitration process and the lack of any requirement to consider precedent gives wide scope for creative judgments. To date, the highest ISDS award has been for $2.3 billion to Occidental Oil Company against the government of Ecuador over its termination of an oil-concession contract, this although the termination was apparently legal. Still in arbitration is a demand by Vattenfall, a Swedish utility that operates two nuclear plants in Germany, for compensation of €3.7 billion ($4.7 billion) under the ISDS clause of a treaty on energy investments, after the German government decided to shut down its nuclear power industry following the Fukushima disaster in Japan in 2011.
  • Under the TPP, however, even larger judgments can be anticipated, since the sort of “investment” it protects includes not just “the commitment of capital or other resources” but “the expectation of gain or profit.” That means the rights of corporations in other countries extend not just to their factories and other “capital” but to the profits they expect to receive there.
  • ...6 more annotations...
  • Under the TPP, could the US government be sued and be held liable if it decided to stop issuing Treasury debt and financed deficit spending in some other way (perhaps by quantitative easing or by issuing trillion dollar coins)? Why not, since some private companies would lose profits as a result? Under the TPP or the TTIP (the Transatlantic Trade and Investment Partnership under negotiation with the European Union), would the Federal Reserve be sued if it failed to bail out banks that were too big to fail? Firestone notes that under the Netherlands-Czech trade agreement, the Czech Republic was sued in an investor-state dispute for failing to bail out an insolvent bank in which the complainant had an interest. The investor company was awarded $236 million in the dispute settlement. What might the damages be, asks Firestone, if the Fed decided to let the Bank of America fail, and a Saudi-based investment company decided to sue?
  • Just the threat of this sort of massive damage award could be enough to block prospective legislation. But the TPP goes further and takes on the legislative function directly, by forbidding specific forms of regulation. Public Citizen observes that the TPP would provide big banks with a backdoor means of watering down efforts to re-regulate Wall Street, after deregulation triggered the worst financial crisis since the Great Depression: The TPP would forbid countries from banning particularly risky financial products, such as the toxic derivatives that led to the $183 billion government bailout of AIG. It would prohibit policies to prevent banks from becoming “too big to fail,” and threaten the use of “firewalls” to prevent banks that keep our savings accounts from taking hedge-fund-style bets. The TPP would also restrict capital controls, an essential policy tool to counter destabilizing flows of speculative money. . . . And the deal would prohibit taxes on Wall Street speculation, such as the proposed Robin Hood Tax that would generate billions of dollars’ worth of revenue for social, health, or environmental causes.
  • Clauses on dispute settlement in earlier free trade agreements have been invoked to challenge efforts to regulate big business. The fossil fuel industry is seeking to overturn Quebec’s ban on the ecologically destructive practice of fracking. Veolia, the French behemoth known for building a tram network to serve Israeli settlements in occupied East Jerusalem, is contesting increases in Egypt’s minimum wage. The tobacco maker Philip Morris is suing against anti-smoking initiatives in Uruguay and Australia. The TPP would empower not just foreign manufacturers but foreign financial firms to attack financial policies in foreign tribunals, demanding taxpayer compensation for regulations that they claim frustrate their expectations and inhibit their profits.
  • What is the justification for this encroachment on the sovereign rights of government? Allegedly, ISDS is necessary in order to increase foreign investment. But as noted in The Economist, investors can protect themselves by purchasing political-risk insurance. Moreover, Brazil continues to receive sizable foreign investment despite its long-standing refusal to sign any treaty with an ISDS mechanism. Other countries are beginning to follow Brazil’s lead. In an April 22nd report from the Center for Economic and Policy Research, gains from multilateral trade liberalization were shown to be very small, equal to only about 0.014% of consumption, or about $.43 per person per month. And that assumes that any benefits are distributed uniformly across the economic spectrum. In fact, transnational corporations get the bulk of the benefits, at the expense of most of the world’s population.
  • Something else besides attracting investment money and encouraging foreign trade seems to be going on. The TPP would destroy our republican form of government under the rule of law, by elevating the rights of investors – also called the rights of “capital” – above the rights of the citizens. That means that TPP is blatantly unconstitutional. But as Joe Firestone observes, neo-liberalism and corporate contributions seem to have blinded the deal’s proponents so much that they cannot see they are selling out the sovereignty of the United States to foreign and multinational corporations.
  • For more information and to get involved, visit: Flush the TPP The Citizens Trade Campaign Public Citizen’s Global Trade Watch Eyes on Trade
Paul Merrell

Now Congress Is Fast-Tracking the TPP Fast Track | The Nation - 0 views

www.thenation.com/...s-fast-tracking-tpp-fast-track

U.S.-foreign-policy trade agreements fast-track legislation

shared by Paul Merrell on 18 Apr 15 - No Cached
  • After months of back-room negotiations, key congressional negotiators are finally ready to unveil legislation that would fast-track approval for the Trans-Pacific Partnership. The bill would prohibit Congress from amending the trade deal, and would require a simple-majority vote for passage, but would in exchange set a variety of negotiating parameters. If the architects of the legislation—Senators Ron Wyden and Orrin Hatch and Representative Paul Ryan—are at all worried that members of Congress will feel fast-track leaves them out of the process, they are doing a pretty terrible job of addressing those concerns. A Senate Finance Committee hearing Thursday morning featured top US trade officials—but occurred before the legislation was even unveiled, and was called with almost no notice. This drew some unusual and strong rebukes from Democrats on the Finance Committee over an unfair process.
  • Hatch and Wyden, the chairman and ranking member of Senate Finance respectively, called hearing on Wednesday night that was ostensibly about “Congress and US Tariff Policy.” It featured several top US officials that deal with trade: US Trade Representative Michael Froman, Agriculture Secretary Tom Vilsack, and Treasury Secretary Jack Lew. Hatch announced at the top of the hearing that fast-track legislation could come as early as the afternoon, and both he and Wyden began their opening statements by talking about the looming bill. Members of the committee thus suddenly found themselves in a fast-track hearing without knowing it—and before they saw the legislation. Many of them didn’t like it. Senator Chuck Schumer, likely to be the next Democratic majority leader, opposes fast-track and objecting in the hearing to “rushing” the legislation. Senator Sherrod Brown said “We got twelve hours notice on a bill we haven’t seen…you can’t fast-track fast track.”
  • Senators appeared unsure if they would even get to see the legislation before a vote. Senator Debbie Stabenow asked if the committee would have to vote “on an agreement that we have not yet even seen and that hasn’t been reached,” according to the Huffington Post.
  • ...1 more annotation...
  • As the hearing was going on, six Democratic members of the committee took the unusual step of issuing a joint statement objecting to the hearing they were sitting in on: “With millions of jobs on the line, American workers and manufacturers deserve more than a hastily scheduled hearing without an underlying bill. Congress should undergo a thorough and deliberative committee process for debating trade agreements that account for 40 percent of our world’s GDP. And we should be debating a bill that has seen the light of day and contains strong provisions to protect American workers against illegal trade practices like currency manipulation.” Schumer, Brown and Stabenow, along with Senators Robert Menendez, Ben Cardin and Bob Casey attached their names to the statement.
Paul Merrell

The Island - 0 views

www.island.lk/index.php

Obama trade agreements TPP China warren

shared by Paul Merrell on 14 Jun 15 - No Cached
  • Barack Obama’s determined, if unbelievably secretive, bid to fast-track agreement on the Trans-Pacific Partnership (TPP) ‘not tomorrow, as they say, but yesterday’ is clearly driven by the bitter knowledge that America got well and truly pipped-at-the-post when China launched the Asian Infrastructure Investment Bank (AIIB). "Evidence of the relative power of the Chinese and American economies," wrote Pepe Escobar in Asia Times, "was the world’s reaction to China’s launch of the badly needed AIIB to provide development funds for Asia and beyond.   The level of funding necessary for such development has long been denied by the US-dominated World Bank and IMF."   More galling to the self-annointed ‘Indispensable Nation’ was that even its staunch allies, UK and Israel, unhesitatingly got on board AIIB – despite, as Escobar reveals, "the bullying of the US to stop them leaving the US and its cat’s paw in East Asia, Japan, out in the cold." More amazingly, added Escobar, the US actually thought it could write the rules of trade for China and East Asia!
  • Consider for instance, Obama’s speech on May 8, 2015 at a Nike factory in Oregon: "We have to make sure America writes the rules of the global economy and we should do it today while our economy is in a position of global strength. If we don’t write the rules for trade around the world, guess what, China will. And they’ll write those rules in a way that gives Chinese workers and Chinese businesses the upper hand." What is one to conclude from such an unabashed ‘confession’ except that the imperial mind-set is still very much alive and kicking in the 21st Century? The TPP or Trans-Pacific Partnership is being put together in absolute secrecy, so what little has become public knowledge is thanks to Wikileaks. What needs to be remembered is that the US already trades heavily with the other 11 nations included in the TPP talks. Economist and leading commentator Paul Krugman’s blunt assessment: "This not a trade agreement. It’s about intellectual property and dispute resolution; the big beneficiaries are likely to be pharma companies and firms that want to sue governments."
  • And that, precisely, happens to be the bone of contention between Obama and Democratic Senator Elizabeth Warren, who has been particularly critical of the so-called ‘Investor State Dispute Settlement’ provisions in the TPP which, she charged publicly, would empower corporations to use international courts to sue the US government and other state institutions of signatory governments that enact regulations and ‘protections’ which impact on the profits of corporations. The Obama administration, for its part, argues that the deal is instead about trade and increasing American exports abroad. It has set up a web page on the US Trade Representative’s (USTR) site listing the benefits of exports from each of America’s fifty states resulting from the TPP. But an obscure government document put out by that very same USTR office adequately makes Senator Warren’s case for her! That document happens to be the USTR’s annual report on "foreign trade barriers" around the world, going country by country to list complaints the US government has about their laws with respect to commerce.
Paul Merrell

Progressives: We've Never Heard Of This "Progressive" Group Backing Obama's Trade Deal ... - 0 views

www.buzzfeed.com/...of-this-progressive-group-back

TPP trade-agreements lobbying faux-Progressive-groups Obama

shared by Paul Merrell on 14 Mar 15 - No Cached
  • On Wednesday, progressives were surprised to learn they were “split” on President Obama’s trade agenda. Few issues have galvanized the American left like trade promotion authority, legislation that would pave the way for the administration to fast-track trade negotiations and the Trans-Pacific Partnership (TPP) — the trade deal the Obama administration is working tirelessly to make a reality and many Democrats oppose. From senators to the activists that make up the organized left (trade unions, environmentalists, human rights advocates), progressives can’t stand the trade deal. Yet there it was in black and white: “RIFT AMONG PROGRESSIVES EMERGES ON TPP,” read a headline in Politico’s daily labor and employment tipsheet, Morning Shift. The short item detailed the emergence of the “Progressive Coalition for American Jobs ” — a group of “progressives and Democrats committed to leveling the playing field for American workers,” according to the coalition’s barebones website. The website adds that “it’s critical that we give the president trade promotion authority and establish the Trans-Pacific Partnership.”
  • There’s something weird about the group, though: No one in the Washington, D.C., progressive community seems to have ever heard of them before. “Who are they? Are they getting paid? And this group will convince anybody of what?” asked Sen. Sherrod Brown. “There is zero progressive interest in this [trade promotion authority].” The group’s website provides few details about when the coalition was launched or who’s working for the group. But the team behind the Progressive Coalition for American Jobs includes some of the most senior members of Obama’s campaign team. Lefty site Daily Kos reported Mitch Stewart, the former aide the president tapped to run Organizing For America, and Lynda Tran, the former OFA press secretary are involved. A press release earlier in the week announcing the group came from 270 Strategies, the campaign firm started by Stewart and Obama’s former field director, Jeremy Bird. Tran told BuzzFeed News the purpose of the group was to boost liberal voices who support the Obama trade agenda.
  • While there is Democratic support for increasing free trade and the White House has made an effort to placate progressives, arguing any deal will include tough language supporting labor rights and environmental protections, that message hasn’t landed with the left. The Progressive Caucus in the House has released their own set of trade principles arguing that they believe it’s “possible to negotiate a trade agreement that doesn’t replicate the mistakes of the past.” But as it currently stands, House progressives remain diametrically opposed to Obama’s trade agenda. “If you look at the progressives — labor unions, activists, online organizations — who are lined up against the TPP, there are no credible groups left to build a ‘coalition,’” said an aide to a progressive House member, who wasn’t authorized to speak on the record. “The creation of a front group like PCAJ is a sign people pushing for a bad trade deal don’t have the votes to jam the [trade deal] through Congress.”
  • ...2 more annotations...
  • A senior Democratic leadership aide told BuzzFeed News that the emergence of a group like the Progressive Coalition For American Jobs would bring “some modicum of balance” to the public discussion of the trade negotiations. “I do think it’s helpful to have an outside space for this to happen and for progressives to have a more balanced conversation about this,” the aide said. That’s not how everyone feels, however. With the emergence of the Progressive Coalition For American Jobs, some progressives got the feeling Obama’s allies were trying to flip the script. “It’s insulting,” said Candice Johnson, spokesperson for the Communications Workers of America, one of the many unions organized against TPP. “You put progressive in your name and that’s going to convince people?” She called the group “fake,” noting that it includes none of the biggest names in progressive politics in its coalition. Johnson wasn’t alone in that characterization. “As far as I know, the only thing ‘progressive’ about this so called ‘Progressive Coalition for American Jobs’ is the first word of the group’s name,” said Becky Bond, president of CREDO, the San Francisco-based progressive activist known to tangle publicly with the White House.
  • “At this point, 270 strategies is well known for its AstroTurf efforts to slap a progressive label on the endeavors of Wall Street Wing Democrats and their corporate masters, but this is an earth-shattering new low,” Neil Sroka, spokesperson for Democracy For America, the progressive group formed from the remnants of Howard Dean’s 2004 presidential bid, told BuzzFeed News in an email. “You can be a progressive committed to fighting for working families or you can be for this massive job-killing trade deal written by 500 corporate reps, but you can’t be both.”
Paul Merrell

Lawmakers Say TPP Meetings Classified To Keep Americans in the Dark | Global Research - 0 views

www.globalresearch.ca/...5437233

U.S.-foreign-policy trade agreements TPP secrecy Congress

shared by Paul Merrell on 17 Mar 15 - No Cached
  • US Trade Representative Michael Froman is drawing fire from Congressional Democrats for the Obama adminstration’s continued imposition of secrecy surrounding the Trans-Pacific Parternship. (Photo: AP file) Democratic lawmaker says tightly-controlled briefings on Trans-Pacific Partnership deal are aimed at keeping US constituents ignorant about what’s at stake Lawmakers in Congress who remain wary of the Trans-Pacific Partnership (TPP) trade agreement are raising further objections this week to the degree of secrecy surrounding briefings on the deal, with some arguing that the main reason at least one meeting has been registered “classified” is to help keep the American public ignorant about giveaways to corporate interests and its long-term implications.
  • As The Hill reports: Members will be allowed to attend the briefing on the proposed trade pact with 12 Latin American and Asian countries with one staff member who possesses an “active Secret-level or high clearance” compliant with House security rules. Rep. Rosa DeLauro (D-Conn.) told The Hill that the administration is being “needlessly secretive.” “Even now, when they are finally beginning to share details of the proposed deal with members of Congress, they are denying us the ability to consult with our staff or discuss details of the agreement with experts,” DeLauro told The Hill. Rep. Lloyd Doggett (D-Texas) condemned the classified briefing. “Making it classified further ensures that, even if we accidentally learn something, we cannot share it. What is [Froman]working so hard to hide? What is the specific legal basis for all this senseless secrecy?” Doggett said to The Hill. “Open trade should begin with open access,” Doggett said. “Members expected to vote on trade deals should be able to read the unredacted negotiating text.”
  • “I’m not happy about it,” Rep. Alan Grayson (D-Fla.) told the Huffington Post, referring to the briefing with Froman and Labor Secretary Thomas Perez on Wednesday. The meeting—focused on the section of the TPP that deals with the controversial ‘Investor-State Dispute Settlement’ (ISDS) mechanism—has been labeled “classified,” so that lawmakers and any of their staff who attend will be barred, under threat of punishment, of revealing what they learn with constituents or outside experts. According to the Huffington Post: ISDS has been part of U.S. free trade agreements since NAFTA was signed into law in 1993, and has become a particularly popular tool for multinational firms over the past few years. But while the topic remains controversial, particularly with Democrats, many critics of the administration emphasize that applying national security-style restrictions on such information is an abuse of the classified information system. An additional meeting earlier on Wednesday on currency manipulation with Froman and Treasury Secretary Jack Lew is not classified.
  • ...1 more annotation...
  • Among its other critics, Sen. Elizabeth Warren has slammed the idea of ISDS provisions as a surrender of democratic ideals to corporate interests. According to Warren, ISDS would simply “tilt the playing field in the United States further in favor of big multinational corporations.” By having unchallenged input on secretive TPP talks, Warren argued last month, these large companies and financial interests “are increasingly realizing this is an opportunity to gut U.S. regulations they don’t like.” According to Grayson, putting Wednesday’s ISDS briefing in a classified setting “is part of a multi-year campaign of deception and destruction. Why do we classify information? It’s to keep sensitive information out of the hands of foreign governments. In this case, foreign governments already have this information. They’re the people the administration is negotiating with. The only purpose of classifying this information is to keep it from the American people.”
Paul Merrell

Speaker Ryan: Not enough votes for TPP trade deal - CBS News - 0 views

www.cbsnews.com/...nough-votes-for-tpp-trade-deal

trade-agreements TPP Congress votes

shared by Paul Merrell on 14 Feb 16 - No Cached
  • House Speaker Paul Ryan, R-Wisconsin, said Thursday that the landmark Trans-Pacific Partnership trade deal doesn't have enough votes to pass Congress right now."I don't think the votes are there right now because of the concerns about what's in the TPP," Ryan told reporters at his weekly press conference. "The point is we shouldn't bring something up if we're not confident that we have the support there for it so I think the president and the administration has a lot more work to do to get support for this document because there are some legitimate concerns about it."
  • The president formally signed the deal on February 3, calling it a "forward-looking trade deal that sets new, high standards for trade and investment in one of the world's fastest growing and most important regions." He highlighted the deal's elimination of more than 18,000 taxes that various countries levy on American products, said it promotes a "free and open Internet" and includes "the strongest labor standards and environmental commitments in history."But there are still major concerns about the deal inside and out of Congress, including a carve-out that will prevent tobacco companies from suing nations with regulations aimed at reducing smoking, intellectual property issues relating to biologics, and some provisions dealing with dairy and financial services. There are also still major concerns among labor groups about whether the labor standards are up to snuff.Mr. Obama broke with many members of his own party this year when he asked Congress for authority to fast-track a massive Asia-Pacific free trade deal called the Trans-Pacific Partnership (TPP).
Paul Merrell

Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap? | ... - 0 views

ellenbrown.com/...petition-or-a-better-mousetrap

banksters TPP TTIP public-owned-banks fast-track

shared by Paul Merrell on 12 Feb 15 - No Cached
  • Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts. Under the TPP and TTIP, however, publicly-owned banks on both sides of the oceans might wind up getting sued for unfair competition because they have advantages not available to private banks.
  • Paul Merrell on 12 Feb 15
     
    Ellen Brown opposes fast-tracking the TPP and TTIP in part because they would allow private banksters to sue publically-owned banks for unfair competition. I have no sympathy for the private banksters. None. 
Paul Merrell

Demand an End to Secret Copyright Trade Deals | EFF Action Center - 1 views

act.eff.org/...o-secret-copyright-trade-deals

copyright privacy secret-negotiations reform treaties TPP

shared by Paul Merrell on 28 Aug 14 - No Cached
  • Senator Ron Wyden may hold the future of the Internet in his hands. Let's call on him to fix the secretive process that has led to trade deals carrying extreme copyright and digital privacy provisions.
  • As Senate Finance Committee Chair, Senator Wyden is under pressure to fast track trade agreements like the Trans-Pacific Partnership (TPP) agreement. But he has another option: to finally bring these deals out into the open. We call on him now to continue to stand up to big private interests and help ensure that our digital rights are protected.
1 - 9 of 9
Showing 20▼ items per page