Categories underneath World Trade:
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Date Fairness.com Resource Read it at: Dec 21, 2011 Foes of Hungary’s Government Fear ‘Demolition of Democracy’
QUOTE: Democracy here is dying not with a single giant blow but with many small cuts, critics say, through the legal processes of Parliament that add up to a slow-motion coup. And in its drift toward authoritarian government, aided by popular disaffection with political gridlock and a public focused mainly on economic hardship, Hungary stands as a potentially troubling bellwether for other, struggling Eastern European countries with weak traditions of democratic government.
New York Times Nov 11, 2011 Arms and the Corrupt Man
QUOTE: Governments protect corrupt and dangerous arms dealers as long as they need them and then throw them behind bars when they are no longer useful.
New York Times Oct 28, 2011 Greek Anger on Debt Agreement Is Focused Especially on Germany
QUOTE: As Greeks suffer from harsh austerity measures, there is growing popular sentiment here that the country has ceded key parts of its sovereignty, and its pride, to its foreign lenders. Here in Greece, anger is running so high — especially toward Germany, whose Nazi occupation still leaves deep scars here and which now dominates the European Union’s bailout of debt-ridden Greece
New York Times Oct 26, 2011 Europe Agrees to Basics of Plan to Resolve Euro Crisis
QUOTE: European leaders, in a significant step toward resolving the euro zone financial crisis, early Thursday morning obtained an agreement from banks to take a 50 percent loss on the face value of their Greek debt.
New York Times Jun 22, 2011 Some Greeks Fear Government Is Selling Nation
QUOTE: “But at these extremely low levels, especially for those companies quoted on the stock exchange, we have to be very wary,” he added. “If we go by today’s values, as a result of the recession and the crisis the country finds itself in, it will be really selling the crown jewels at a pittance of their cost.” Mr. Papandreou’s government has not managed to make a convincing case for the sell-off to many Greeks, where the idea of a fire sale has taken hold, setting off a wave of national indignation.
New York Times Jan 13, 2011 Behind Tunisia Unrest, Rage Over Wealth of Ruling Family
QUOTE: summer getaway of President Zine el-Abidine Ben Ali and his large extended family, many of whom have built vast beachfront mansions here with the wealth they have amassed during his years in power. But their new and conspicuous riches, partly exposed in a detailed cable by the American ambassador and made public by WikiLeaks, have fueled an extraordinary extended uprising by Tunisians who blame corruption among the elite for the joblessness afflicting their country.
New York Times Dec 23, 2010 U.S. Approved Business With Blacklisted Nations
QUOTE: Despite sanctions and trade embargoes, over the past decade the United States government has allowed American companies to do billions of dollars in business with Iran and other countries blacklisted as state sponsors of terrorism...At the behest of a host of companies — from Kraft Food and Pepsi to some of the nation’s largest banks — a little-known office of the Treasury Department has granted nearly 10,000 licenses for deals...
New York Times Dec 14, 2010 To Conquer Wind Power, China Writes the Rules
QUOTE: Chinese companies acquire the latest Western technology by various means and then take advantage of government policies to become the world’s dominant, low-cost suppliers. It is a pattern that many economists say could be repeated in other fields, like high-speed trains and nuclear reactors, unless China changes the way it plays the technology development game — or is forced to by its global trading partners.
New York Times May 09, 2010 Lebanon claims latest title in 'Hummus War'
QUOTE: Yet, in spite of their shared appreciation, the origin of [hummus] is a source of heated debate with the Lebanese claiming ownership and Israelis denying that they have exclusive rights to the name.
CNN (Cable News Network) Apr 30, 2010 Chinese Rules Said to Threaten Proprietary Information
QUOTE: China is expected to issue regulations on Saturday requiring technology companies to disclose proprietary information like data-encryption keys and underlying software code to sell a range of security-related digital technology products to government agencies...
New York Times Apr 30, 2010 The Bitter Pills in the Plan to Rescue Greece
QUOTE: Racing to secure financial aid and avoid a debt default, the Greek government has agreed to austerity measures totaling 24 billion euros (about $32 billion) that will include cutting some workers’ pay and some public sector jobs as well as opening up parts of the economy, Greek officials said Friday.
New York Times Sep 04, 2009 W.T.O. Says Aid to Airbus for A380 Was Illegal
QUOTE: A preliminary report by the World Trade Organization has found that Airbus received illegal subsidies for the $13 billion A380 superjumbo jet and several other airplanes, hurting Boeing in the battle for sales...
New York Times Aug 16, 2009 Doctored Data Cast Doubt on Argentina: Economists Dispute Inflation Numbers
QUOTE: in a globalized world, where a pensioner in Italy might be as likely to invest in Argentina as in Fiat, the suspected modifications [of socioeconomic data by the Argentinian agency National Institute of Statistics] are being felt far beyond this city [Buenos Aires].
Washington Post Aug 07, 2009 Worldwide Slump Makes Nigeria's Online Scammers Work That Much Harder
QUOTE: U.S. authorities say Americans -- the easiest prey, according to Nigerian scammers -- lose hundreds of millions of dollars a year to cybercrimes, including a scheme known as the Nigerian 419 fraud, named for a section of the Nigerian criminal code. Now financially squeezed, Americans succumb even more easily to offers of riches, experts say.
Washington Post Aug 06, 2009 When two plus two equals three: Cuba's penurious revolution
QUOTE: On taking over as president [of Cuba], Raúl Castro called for “changes of structure and concept” in the economy, raising hopes in some quarters that Cuba would imitate Vietnam in moving to a capitalist economy under communist political control. Those hopes have yet to be met.
Economist Jun 23, 2009 U.S. Slams China on Exports
QUOTE: The U.S. and the European Union on June 23 formally accused China of illegally hampering exports of raw materials in order to benefit its own manufacturers....U.S. Trade Representative Ron Kirk said he has asked the World Trade Organization to step in and resolve the issue after two years of unsuccessful U.S. attempts to persuade China to "lift these unfair trade restrictions" on nine raw materials used in the making of steel, aluminum, and chemicals."
BusinessWeek May 31, 2009 Green Inc. Few Rules for Recycling Electronics
QUOTE: the Basel Action Network, or BAN, an advocacy group based in Seattle that seeks to curb the exporting of electronic waste from the United States, argued that EarthECycle falsely represent themselves as recyclers....Proper processing of discarded electronic equipment could not be achieved within a business model that not only hauls away discarded electronics free but also pays organizations for the privilege.
New York Times Nov 20, 2008 'Idealist' tried to halt Saddam's Kurdish slaughter
QUOTE: Tens of thousands of Kurds had fled to Turkey. Survivors described blinding, burning clouds of poison gas that dropped people in their tracks....In the end, the House of Representatives killed Galbraith's sanctions bill with backing from the Reagan administration. Politics had trumped principle.
CNN (Cable News Network) Oct 24, 2008 West Is in Talks on Credit to Aid Poorer Nations
QUOTE: With the financial crisis engulfing developing countries from Latin America to Central Europe, raising the specter of market panic and even social unrest, Western officials are weighing coordinated action to try to stabilize these economies.
New York Times Oct 21, 2008 Is Fair Trade Green?: Making sense of sanctimonious product labels.
QUOTE: If you care about both global poverty and climate change, you can't always have it both ways. The Lantern suggests you keep things in perspective: Boycotting bananas from the Dominican Republic may reduce your carbon footprint a tad, but you'll make a bigger dent by putting that hamburger meat back on the shelf once in a while—and you won't be cutting a poor grower out of the global economy.
Slate Oct 10, 2008 World Bank Under Cyber Siege in 'Unprecedented Crisis'
QUOTE: The World Bank Group's computer network — one of the largest repositories of sensitive data about the economies of every nation — has been raided repeatedly by outsiders for more than a year....the bank is trying hard to pretend to outsiders it didn't happen.
Fox News Sep 17, 2008 EPA Lets Electronic Waste Flow Freely, GAO Report Says
QUOTE: The Environmental Protection Agency has done little to curb the export of discarded electronic products containing hazardous waste, much of which ends up in poorly regulated countries and harms the environment and public health, the Government Accountability Office concluded in a report being released today.
Washington Post Jul 08, 2008 Europe Debates Perfection It Demands of Its Produce
QUOTE: Had enough? So has the European Commission's agriculture commissioner, Mariann Fischer Boel of Denmark. She proposes scrapping all but 10 of the regulations, arguing that they are needlessly cumbersome and bureaucratic, and that they lead to people throwing away perfectly edible fruits and vegetables for cosmetic reasons at a time when the world is suffering food shortages and rapid price increases. She hopes representatives from the 27-nation bloc will vote to streamline the regulations at a meeting this month.
Washington Post Jun 30, 2008 Hoarding Nations Drive Food Costs Ever Higher (The Food Chain)
QUOTE: When it comes to rice, India, Vietnam, China and 11 other countries have limited or banned exports. Fifteen countries, including Pakistan and Bolivia, have capped or halted wheat exports. More than a dozen have limited corn exports. Kazakhstan has restricted exports of sunflower seeds. The restrictions are making it harder for impoverished importing countries to afford the food they need. The export limits are forcing some of the most vulnerable people, those who rely on relief agencies, to go hungry.
New York Times May 19, 2008 World Aid Agencies Faulted in Food Crisis: Failure to Support Agriculture Cited
QUOTE: Wade's broadside is part of a backlash against multilateral organizations that were created after World War II -- including the FAO, the World Bank and the World Food Program -- tasked with weaving together a safety net for the world's poorest. The recent spike in food prices has ripped a massive tear in that net, triggering riots around the world and threatening to plunge more than 100 million people into extreme poverty.
Washington Post May 14, 2008 Whistleblower Exposes Practices of Wal-Mart, JC Penney Importers: U.S. Attorney settles custom fraud case related to apparel made in China
QUOTE: customs fraud case that saw goods manufactured in China falsely labeled as made in Korea or Russia, and sold as such in the United States at Wal-Mart, JC Penney, Family Dollar Stores, Kohls and Marshalls stores. The benefit to the subterfuge was that the importers—Intertex Apparel Group, J.J. Basics and Ben’s Clothing—could evade quotas on goods manufactured in China and dodge customs fees...
CRO Magazine May 07, 2008 In Europe, New Scrutiny of Ethical Standards
QUOTE: 'A series of bribery investigations at leading European companies has helped to accelerate compliance with global anticorruption standards as managers recognize the risk to their brands and reputations, legal analysts and international regulators say....“an increased sensibility among global companies that the reputational damage of bribery allegations has become much more significant than any actual legal consequences.”'
New York Times Nov 28, 2007 China Rejects Europe’s Call for Currency to Rise Faster
QUOTE: The European Union, China’s biggest trading partner, accuses Beijing of holding the yuan at an artificially low level to assist Chinese exporters, contributing to the trade imbalance. China’s surplus is forecast to widen 30 percent this year, to 170 billion euros, ($252 billion).
New York Times Nov 02, 2007 The Perils of Petrocracy
QUOTE: Nationalization is also a political trend in some regions, mainly Latin America, where the populist presidents of Bolivia and Ecuador have made it part of their discourse. They are led, of course, by Hugo Chávez of Venezuela. He has made private producers accept state control of their operations. When they wouldn’t, as in the case of ExxonMobil and ConocoPhillips, he simply nationalized their holdings. Chávez has also asserted his control over Venezuela’s state oil company, which before him operated very much like a private, profit-driven enterprise.
New York Times Oct 23, 2007 Court Strikes Down ‘Volkswagen Law’
QUOTE: Striking down one of Europe’s most visible symbols of economic protectionism, the European Court of Justice ruled today that a German law shielding Volkswagen from a hostile takeover illegally restricts the free flow of capital within Europe.
New York Times Oct 15, 2007 World Bank Neglects African Farming, Study Says
QUOTE: The World Bank, financed by rich nations to reduce poverty in poor ones, has long neglected agriculture in impoverished sub-Saharan Africa, where most people depend on the farm economy for their livelihoods, according to a new internal evaluation.
New York Times Oct 06, 2007 Struggling Chadians Dream Of a Better Life -- in China
QUOTE: As resource-hungry China cultivates relationships with countries across Africa -- most recently here, for oil -- African leaders are debating the merits of that growing influence. Skeptics are troubled, for instance, by China's role in enabling governments such as Sudan's, which is accused of carrying out a brutal campaign of violence in its western Darfur region.
Washington Post Oct 05, 2007 Tough Stance Is Urged On Nuclear Pact With India
QUOTE: Key lawmakers have written a bipartisan House resolution that urges a group of nations engaged in nuclear trade to place toughly worded constraints on future nuclear dealings with India.
Washington Post Sep 05, 2007 Asians Say Trade Complaints Bring Out the Bully in China
QUOTE: In dealing with product safety complaints from the United States, China has sought to convince a concerned American public that it has reformed and is doing all it can to ensure the safety of its products. But its dealings with other, less-developed countries or those in vulnerable political positions are a different story, according to Husniah and officials in the Philippines and Malaysia.
Washington Post Aug 23, 2007 Gambling Dispute With a Tiny Country Puts U.S. in a Bind
QUOTE: More than a few people in Washington initially dismissed as absurd the idea that the trade organization could claim jurisdiction over something as basic as a country’s own policies toward gambling… But a W.T.O. panel ruled against the United States in 2004… and declared Washington out of compliance with its rules.
New York Times Aug 12, 2007 In China, a High-Tech Plan to Track People
QUOTE: Security experts describe China’s plans as the world’s largest effort to meld cutting-edge computer technology with police work to track the activities of a population and fight crime. But they say the technology can be used to violate civil right
New York Times Aug 02, 2007 Russian Firm May Cut Gas Supply to Belarus
QUOTE: Russia's state-controlled natural gas monopoly, said Wednesday it will cut off nearly half of its shipments to Belarus within two days… [but] will keep the gas flowing if Belarus offers an acceptable settlement by Friday morning
Washington Post Jul 25, 2007 F.B.I. and Chinese Seize $500 Million of Counterfeit Software
QUOTE: The F.B.I. said Tuesday that a joint effort with the Chinese authorities had led to the arrest of 25 people and the seizing of more than $500 million worth of counterfeit Microsoft and Symantec software that was being made in China and distributed worldwide.
New York Times Jul 23, 2007 Hard bargaining ahead in Detroit: As talks begin over autoworkers' contracts, the industry's generous benefits are under scrutiny.
QUOTE: In this summer's negotiations, the companies and the union are considering a way to lessen this load without abandoning legions of retirees.
Christian Science Monitor Jul 23, 2007 Aid May Grow for Laid-Off Workers: Service Jobs Lost To Global Trade Are Focus of Bills
QUOTE: congressional Democrats are preparing legislation that would significantly expand federal aid to the most obvious victims of the global economy: workers whose jobs move offshore or are lost to foreign imports.
Washington Post Jul 16, 2007 The Toxic Republic: For Profit's sake, China's people are getting poisoned
QUOTE: In 1906, ordinary Americans' outrage over unsafe medicines and foodstuffs...led to passage of the landmark Pure Food and Drug Act. Right now, though, most Chinese are busy earning a living.
Newsweek Jun 30, 2007 Delphi Workers Accept Pay Cuts
QUOTE: This week, less than a month before the U.A.W. begins negotiating a new contract with Detroit’s automakers, its members at the Delphi Corporation voted to accept some of the largest concessions that the union has ever given to an employer — and cuts that its leaders had vowed to fight, even if a strike proved necessary.
New York Times Jun 06, 2007 The Equality Quagmire
QUOTE: [Economic inequality] promises to be a hot issue in the 2008 election. Until now, most economists have blamed the growing pay gap on skill differences caused by the explosion of computer technologies. Levy and Temin contend (correctly) that this is too simple; they also blame a shift in social norms and business practices.
Washington Post May 19, 2007 Debate Rises On World Bank Succession: Some World Leaders Oppose Traditional Prerogative of U.S.
QUOTE: As the White House asserted its claim on picking Wolfowitz's successor, aid groups and former bank officials demanded that the next president be selected not in deference to the Bush administration, but on professional merits.
Washington Post May 11, 2007 FDA Finds Chinese Food Producers Shut Down
QUOTE: American inspectors who arrived in China last week to investigate the two companies that exported tainted pet food ingredients found that the suspect facilities had been hastily closed down and cleaned up, federal officials said yesterday.
Washington Post May 06, 2007 From China to Panama, a Trail of Poisoned Medicine
QUOTE: The syrupy poison, diethylene glycol, is an indispensable part of the modern world, an industrial solvent and prime ingredient in some antifreeze. It is also a killer. And the deaths, if not intentional, are often no accident. Over the years, the poison has been loaded into all varieties of medicine — cough syrup, fever medication, injectable drugs — a result of counterfeiters who profit by substituting the sweet-tasting solvent for a safe, more expensive syrup, usually glycerin, commonly used in drugs, food, toothpaste and other products.
New York Times May 06, 2007 Free Trade's Great, but Offshoring Rattles Me
QUOTE: The offshoring of service jobs from rich countries such as the United States to poor countries such as India may pose major problems for tens of millions of American workers over the coming decades .... The reason for my alleged apostasy is that the nature of international trade is changing before our eyes.
Washington Post Apr 23, 2007 FDA Was Aware of Dangers To Food: Outbreaks Were Not Preventable, Officials Say
QUOTE: The Food and Drug Administration has known for years about contamination problems at a Georgia peanut butter plant and on California spinach farms that led to disease outbreaks that killed three people, sickened hundreds, and forced one of the biggest product recalls in U.S. history, documents and interviews show. Overwhelmed by huge growth in the number of food processors and imports, however, the agency took only limited steps to address the problems and relied on producers to police themselves, according to agency documents.
Washington Post Apr 21, 2007 Labor Rights Issues Are Stalling Trade Pacts
QUOTE: At issue is the Democratic demand that pending trade deals with Colombia, Panama, Peru and South Korea include a provision guaranteeing certain rights for labor in the trading partner countries, including a ban on child and slave labor and the right to organize. In addition, the Democrats want the accords to endorse general labor protections adopted by the International Labor Organization, like the right to organize.
New York Times Apr 19, 2007 Melamine in pet food may not be accidental
QUOTE: The most common way to test protein levels in the grain industry is to test for nitrogen, a major component of protein. Adding melamine, with its high amount of nitrogen, to wheat gluten would give the illusion of a higher protein content...
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