Blog Archive: June 2015

The Trans-Pacific Partnership (TPP) is a secretive, multinational trade agreement concerning 40% of the world economy that is currently being negotiated behind closed doors between representatives of multinational corporations and the following 12 countries: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam). (Note: Although the TPP is branded as a trade deal, only 5 of the 29 chapters are believed to concern interna...

As reported in this PBS NewsHour video by anchor Judy Woodruff: Five major institutions pled guilty to rigging currencies and manipulating the foreign exchange market. The banks also agreed to pay more than $5 billion combined in new penalties. The fines were some of the biggest brought to date by the federal government. The banks were accused of manipulating the world’s largest and least regulated trading market, where trillions of dollars change hands. Among those pleading guilty, J.P. M...