2015: Obscure Government Document Shows Elizabeth Warren Is Right About TPP

“This is not a trade agreement. It’s about intellectual property and dispute settlement.” As opponents and advocates of the Trans-Pacific Partnership (TPP) continue to battle it out, the debate over the agreement has largely focused on the issue of trade – whether jobs will be lost or gained, what the agreement will do to our trade deficit, and other related matters. It’s worth pointing out that the United States already trades heavily with the other 11 nations included in the TPP talks. As Paul Krugman says, “this is not a trade agreement. It’s about intellectual property and dispute settlement; the big beneficiaries are likely to be pharma companies and firms that want to sue governments.” Senator Elizabeth Warren (D-MA) has been particularly critical of the so-called Investor State Dispute Settlement provisions, which would empower corporations to use international courts to sue the U.S. government and others who are enacting […] Read More

2015: “Massive Headache”: Rising Dollar Threatening Trade and $74 Trillion Derivative Tsunami

This article was graciously contributed by Michael Snyder via his Economic Collapse blog. Editor’s Note: Many have warned that a silent but ongoing global currency war is underway. Call it a reevaluation or shift if you like. The Euro is falling fast, in large part due to Greece’s woes, and is headed towards parity with the dollar and beyond. The stronger dollar means pain for the American export market – some 40% of U.S. business – and creates a difficult, and perhaps impossible, climate for foreign governments to repay debts and other obligations, which become more expensive under a stronger dollar, in which many are denominated. Market pains and suffering could spread pretty rapidly if things got out of control and sequenced towards destruction. Does this create a window for China’s intent to offer the next global currency? That remains to be seen, but China’s intentions are clear enough […] Read More

2014: Cyber-Espionage and Trade Agreements: An Ill-Fitting and Dangerous Combination

Yesterday’s leak of a May 2014 draft of the Trans-Pacific Partnership (TPP) agreement revealed the addition of new text criminalizing the misuse of trade secrets through “computer systems”, as mentioned in our previous post about the leak. This is a significant revelation because we also know that trade secrets are planned for inclusion in the EU-US free trade agreement, TTIP (the Trans-Atlantic Trade and Investment Partnership). The revelation of the proposed text in the TPP provides a good indication that the same kind of language will likely also appear in TTIP. Frighteningly, this text contains no protections to safeguard the public interest. Today we delve into this provision and its background in more depth. Why Trade Secrets, and Why Now? The US Trade Representative’s sudden interest in trade secret protection arises largely from reports of widespread cyber-espionage against US companies emanating from China. This has also led to domestic […] Read More

2014: How To Fix High-Frequency Trading

Submitted by Anthony Tassone of Green Key Technologies, Solution to HFT Debate: Match Based On Price & Quality, Not Time. The recent public outcry over high-frequency trading is pointless. Solutions exist. Virtually every comparable market in the world uses them already. But, some electronic exchanges may not willingly adopt them. Doing so may disrupt their current business model. The incentives are misaligned, and competitors or regulators may need to force the issue to see change. Luckily, the issue to be forced is far simpler than most think. It’s time to add quality to the matching process. Over thousands of years, every naturally evolved market has headed this direction – from the ancient Greeks to Alibaba.com. It’s time for Wall Street to realize what they lost along the way, and how it can fix far more than just HFT. In 500 BC, the Greeks were auctioning off war plunder, grain, […] Read More

2014: Wanna Be A Great Trader? Size Matters… Finger Size

Take a moment and look at your hands. Specifically, compare the length of your ring finger to the one you use to point.  Is the ring finger longer or shorter than your pointer, and by how much?  It turns out that the answer to that question can tell a lot about your mental abilities and appetite for risk. As ConvergEx’s Nick Colas details, a 2009 study of mostly male traders working in London found that the ones with longer ring fingers were generally more profitable than those with shorter ones. Traders with the largest fourth finger/second (pointer) finger ratios actually made 11 times more than those with the smallest.  Via ConvergEx’s Nick Colas, A 2012 study of entrepreneurs in Italy showed that highly successful female entrepreneurs tended to have longer ring fingers as well.  Researchers believe that the causal link between digits on your hand and in your bank […] Read More

2014: NAFTA And The Next Phase Of North American Integration

By Dana Gabriel Be Your Own Leader This article has been generously donated by Dana Gabriel In preparation for the upcoming North American Leaders Summit which will be held in Toluca, Mexico on February 19, U.S. Secretary of State John Kerry recently held a meeting with his Canadian and Mexican counterparts. Over the last number of years, not as much attention has been given to the trilateral relationship. Instead, the U.S. has essentially pursued a dual-bilateral approach with both Canada and Mexico on key issues including border and continental perimeter security, as well as regulatory and energy cooperation. On the heels of its 20th anniversary, there once again appears to be renewed interest in broadening and deepening the NAFTA partnership as part of the next phase of North American integration. On January 17, U.S. Secretary of State John Kerry hosted the North American Ministerial with Canadian Foreign Minister John Baird and […] Read More

2013: We Are in the Midst of Defeating the Largest Corporate Trade Agreement in History

The awakening of mass political consciousness is happening, and corporate elites can’t do a thing to stop it. These are times of great secrecy and misinformation. Government and corporations hide their actions to avoid public disapproval and accountability. Courageous truth-tellers are persecuted for exposing the deep corruption. We depend on whistleblowers to expose the lies and shine light on information that is hidden from the public so we can understand what is happening around us. We need to know the truth in order to participate in the great debates that shape our futures. This week, we learned that a brave whistleblower gave the text of the full intellectual property chapter of the Trans-Pacific Partnership (TPP) to Wikileaks. This text was released to the public on Wednesday and has spurred quite a stir as we discover that our concerns about the TPP are justified. We learned that the United States stands out […] Read More