Kshama Sawant

Seattle City Council Unanimously Declares Opposition to Fast Track, TPP

“Few things counterpose the interests of multinational corporations to the interests of workers, the environment, and democracy” like the TPP, says councilmember Kshama Sawant Deirdre Fulton The Seattle City Council resoundingly approved a resolution Monday evening cementing its opposition to so-called Fast Track authority that’s needed to speed passage of corporate-friendly, rights-trampling trade deals like the Trans-Pacific Partnership (TPP). The resolution (pdf), …

chinese guns

Free Trade Isn’t about Trade. It’s About Bureaucrats—and Guns.

Free trade isn’t about trade. Free trade is about bureaucrats. And guns. Simple stories about how one country is good at making wine, and should trade with another country that is good at making cloth, explain very little about today’s trade agreements. Instead, agreements are about which bureaucrats make decisions about markets that operate between countries. Who has the power …

Trade Deficit Drops To Enormous, Humongous Level In January

The U.S. Census Bureau reported Friday that the January goods and services trade deficit was $41.8 billion in January, down $3.8 billion from $45.6 billion in December (which was revised down a billion). This is a drop of 8.3% from the prior month, which was a two-year high. Both imports and exports fell. Imports of goods and services fell 3.9% to $231.2 …

What’s Butylated Hydroxyltoluene and Why Is it In Your Food Even Though It’s Banned in Europe?

A speaker at an event I recently attended asked why U.S. food companies put butylated hydroxyltoluene, a food preservative and endocrine disruptor, in cereal sold stateside, while in Europe the same companies formulate the same product without  BHT. There are three answers to that question: The European Union prohibits numerous harmful ingredients U.S. regulatory agencies allow. Well-informed European citizens have organized …