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AFL-CIO president: GOP ‘started the war on working Americans’
Rallying attendees on the second afternoon of the Take Back The American Dream summit, AFL-CIO President Richard Trumka said of Republicans, “If they want to have a debate on class warfare, we’ll have that debate,” because “It wasn’t our class that started the war on working Americans.” Trumka used his…
Bachmann warns of Hezbollah ‘missile sites’ in Cuba
Republican presidential candidate Michele Bachmann said Monday that it would be “foolish” to normalize trade with Cuba because Hezbollah could soon have “missile sites” there. “Why would you normalize trade with a country that sponsors terror?” the candidate asked a crowd of supporters in Cedar Rapids, Iowa. “There is reports…
Clinton pushes security, trade ties in India
US Secretary of State Hillary Clinton called for deeper regional security cooperation and trade ties in talks with Indian leaders Tuesday, held in the shadow of triple bomb blasts in Mumbai. India’s concerns over the US troop drawdown in Afghanistan and New Delhi’s renewed peace talks with arch-rival Pakistan are…
China’s trade surplus widens to $22.27 billion
SHANGHAI — China’s politically sensitive trade surplus expanded to $22.27 billion in June, rising sharply from the previous month as the value of exports hit a new record high, government data showed Sunday. The trade surplus — a major point of tension for China’s key trade partners, the United States…
FTC moving forward with broad Google antitrust probe: report
The U.S. Federal Trade Commission is reportedly preparing to serve Google with civil subpoenas in what will be a broad antitrust probe. People familiar with the matter told The Wall Street Journal that the subpoenas would be served within days. Other companies were expected to be subpoenaed about their dealings…
China copyright violations costs almost a million jobs
BIG SKY, Montana — US firms could support nearly one million more jobs if China stopped intellectual property violations, a study said, leading US lawmakers to call for a tough line with Beijing. In a report requested by senators, the US International Trade Commission surveyed US businesses and estimated that…
U.S. dollar bounds upwards on news of Osama bin Laden’s death
TOKYO (AFP) – The US dollar rose in Asian trade on Monday after news that Al-Qaeda leader Osama bin Laden had been killed nearly 10 years after the September 11 attacks, but analysts warned that sentiment would fade. The euro, which benefited from speculation there will be a series of…
U.S., Mexican officials to discuss drug war escalation
MEXICO CITY (AFP) – Senior US and Mexican officials will meet on Friday to discuss joint efforts to halt the increasingly brutal cross-border drug trade, according to Mexico’s foreign ministry. The Mexican delegation will be lead by Foreign Minister Patricia Espinosa, an official told AFP late Monday. RELATED: Pot-bashing Republican…
China posts first quarterly trade deficit in 7 years
SHANGHAI – China said it had posted its first quarterly trade deficit in seven years, despite a narrow surplus in March, as rising commodity prices pushed manufacturers’ costs higher. China recorded a small trade deficit of $1.02 billion for the first quarter, its first since the beginning of 2004. But…
Taiwan to legalize billion dollar sex trade
TAIPEI (AFP) – Taiwan’s government said Thursday it is planning to create legal red-light districts so that it can police the sex trade more easily and protect sex workers’ rights. Under the proposal, sex workers would be able to apply for licences to operate in authorised zones and would be…
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