trade – News Stories About trade - Page 4

Jul 21, 2008 5:54 AM CDT

Miami Deals Taylor to Redskins

'DWTS' defensive end leaves Dolphins in exchange for 2 draft picks

(Newser) - Dancing With the Stars hunk Jason Taylor is a Dolphin no longer. After spending his career in Miami, the defensive end will head for Washington after the teams agreed on a trade that sends two Redskins draft picks to the Dolphins, the Miami Herald reports. "I love Miami, will...

Trade Spices Up
Frosh-Heavy
Draft

Jun 27, 2008 8:33 AM CDT

Trade Spices Up Frosh-Heavy Draft

Rose goes first, in glut of college freshmen

(Newser) - The Bulls grabbed Derrick Rose with the first overall pick last night in a wild NBA draft dominated by college freshmen. For the first time in history, the top three picks all were first-year wonders, ESPN reports. The Timberwolves then traded that third pick—OJ Mayo—for No. 5 pick...

How the Middle Class Was Systematically Betrayed

OPINION

May 14, 2008 1:10 PM CDT

How the Middle Class Was Systematically Betrayed

Our 'land of equality' is now a 'bankers' utopia'

(Newser) - Thomas Frank tackles the decline of the American middle class in an outraged op ed piece in today's Wall Street Journal. He confesses fascination with "the mechanics of this huge social reconfiguration," which has, over several decades, shunted the nation's wealth into fewer and fewer hands, until the...

Mexico Bans All Car Imports— Except '98s

Mar 3, 2008 9:00 AM CST

Mexico Bans All Car Imports— Except '98s

New law allows only 10-year-old jalopies across the border

(Newser) - For used-car shoppers in Mexico, 1998 is about to become a very popular year. Starting today, only 10-year-old cars—nothing newer, nothing older—can be imported in Mexico, a move designed to curtail the flood of “vehiculos chatarra,” or jalopies, clogging the streets. Before the change, imports needed...

NAFTA Casts Wide Shadow on Ohio Vote

Mar 1, 2008 5:50 PM CST

NAFTA Casts Wide Shadow on Ohio Vote

Clinton, Obama look to score points bashing trade pact

(Newser) - As Hillary Clinton and Barack Obama battle for votes in Ohio, each pushes a simple theme: NAFTA is bad. Ohio has been hit hard by free trade, which is why Obama reminds voters that Bill Clinton backed NAFTA. And both hopefuls have mined each other's comments for anything that favors...

EU May Name Censorship a Trade Barrier

Feb 28, 2008 2:33 PM CST

EU May Name Censorship a Trade Barrier

Measure takes aim at the 'Great Firewall of China'; would inject web into trade talks

(Newser) - The EU is out to hack down the Great Firewall of China, Ars Technica reports. A new proposal would classify the web censorship China and other oppressive regimes employ as a trade barrier, an approach its creator calls “unusual, but effective.” The measure already sailed through the European...

Kings Send Bibby to Atlanta

Feb 17, 2008 5:16 AM CST

Kings Send Bibby to Atlanta

Hawks offer four players and a 2nd-round draft pick for veteran PG

(Newser) - Mike Bibby is headed to Atlanta as part of a trade that will give the Sacramento Kings four expiring contracts and a second-round draft pick, and allow the Hawks to (so they hope) make a run at the playoffs, reports the Sacramento Bee. "I had some good times here...

Stimulus Likely To Be Recipe
for Paralysis

Jan 23, 2008 2:41 PM CST

Stimulus Likely To Be Recipe for Paralysis

Parties in sync now, but 'Act 2' sure to be partisan bickering

(Newser) - Get ready for that glow to wear off: The good feeling on Capitol Hill over a stimulus package will end as soon as the first deal is done, with Republicans and Democrats digging in on various economic cures. The next legislative round, Politico reports, will likely see GOPers fighting to...

Historic Train Crosses
Korean Border

Dec 11, 2007 3:25 AM CST

Historic Train Crosses Korean Border

Freight service aims to narrow economic gap between countries

(Newser) - The historic first of what will be a regular schedule of freight trains crossed the border from South Korea to North Korea today, marking a major leap forward in the countries' reunification process and a step toward what could be a hugely profitable railway system. The link is part of...

Shortage of Officers Plagues Shipping

Nov 16, 2007 11:12 PM CST

Shortage of Officers Plagues Shipping

Dearth of experienced mariners may spell future disasters

(Newser) - A blunder that dumped 58,000 gallons of oil into San Francisco Bay last week has drawn attention to a worldwide shortage of experienced mariners—and the resulting potential for future disasters. The number of ships is increasing as global trade booms, reports the Christian Science Monitor, but the current...

Hamas Trade Restrictions Cripple Gaza Economy

Sep 19, 2007 5:16 AM CDT

Hamas Trade Restrictions Cripple Gaza Economy

85% of all factories have shut down

(Newser) - Since Hamas captured Gaza last June, nearly all trade has been cut off, suffocating both legitimate businesses and those that operate outside the law, the New York Times reports. An estimated 85% of factories are shut or operating at less than 20%. Both a clothing manufacturer and a gun smuggler...

Europe Ends 40-Year Fight Against Pints, Miles

Sep 11, 2007 8:08 PM CDT

Europe Ends 40-Year Fight Against Pints, Miles

'Metric Martyrs' applaud EU decision to back off

(Newser) - Europe unlocked horns with the UK today, abandoning its fight to ban Brits who still sell by the pound, the Times reports. Calling the campaign a “pointless battle,” an EU official conceded that British use of imperial measurements did not interfere with trade; in fact old-fashioned inches and...

Trade Gap Dips to Lowest Level in 3 Years

Sep 11, 2007 9:25 AM CDT

Trade Gap Dips to Lowest Level in 3 Years

Weak dollar, stronger world economies fuel rise in US exports

(Newser) - The US trade gap—the difference in total value between imports and exports—dropped to a 3-year low in July as exports jumped on a weak dollar and growing overseas demand. The figure fell 0.3% to $59.2 billion, roughly on par with the estimate economists surveyed by Bloomberg...

Teamsters to Mexican Truckers: Hit the Road, Jack

Sep 7, 2007 3:49 AM CDT

Teamsters to Mexican Truckers: Hit the Road, Jack

Union rips deal opening US roads to foreign rigs

(Newser) - Teamsters are protesting the launch this week of a program allowing Mexican trucks to travel anywhere in the US, rather than just 20 miles inside the border. Union officials argue that Mexican trucks aren't safe because they're subject to different environmental and inspection standards, and that regulations regarding shifts and...

China's Africa Aid Has a Price

Aug 21, 2007 8:49 AM CDT

China's Africa Aid Has a Price

Manufacturing suffers on the continent as Asian imports flood the market

(Newser) - As China increases its economic investment in Africa, locals are finding that the benefits of increased trade with the East comes at a price. In the third of a series of articles in the New York Times, workers at a Zambian factory describe how Chinese imports have undercut their market...

Chinese Seek Fortune in Africa

Aug 17, 2007 3:22 PM CDT

Chinese Seek Fortune in Africa

To satisfy country's thirst for oil, emigrants strike it rich out west

(Newser) - A growing number of poor Chinese are flocking to Africa, hoping to cash in on the destitute continent’s infinite growth potential. China is building factories in eastern Africa, and trade between the two burgeoning economies ballooned to $55 billion last year. The eastern entrepreneurs are diving into every sector...

China Seeks Oil in Africa

Aug 13, 2007 10:34 AM CDT

China Seeks Oil in Africa

Eschewing the West, Beijing touts mutual prosperity with developing nations

(Newser) - China is exploring the sweltering wilderness of Chad in search of lucrative pockets of oil and other materials, the New York Times reports. Chinese officials tout the strategy as a "win-win" situation as the country develops relationships with African nations to achieve mutual prosperity by capitalizing on natural resources...

China Threatens to Crash Dollar

Aug 8, 2007 5:04 AM CDT

China Threatens to Crash Dollar

(Newser) - The Chinese government is threatening to crash the American dollar by liquidating its $1.33 trillion in foreign reserves if the US dares impose trade sanctions to force a revaluation of yuan, reports the Telegraph. Two Communist Party officials have given interviews in recent days with stern warnings directed at...

Ortega Snubs US, Seals Iran Trade Pact

Aug 6, 2007 4:19 AM CDT

Ortega Snubs US, Seals Iran Trade Pact

US wary of Iranian toehold in Latin American 'backyard'

(Newser) - Nicaragua has finalized a trade deal with Iran worth hundreds of millions of dollars despite bitter opposition from Washington, the Guardian reports. The deal will exchange Nicaraguan bananas, coffee and meat for farm equipment and Iranian funds for infrastructure projects, including a hydroelectric dam, milk-processing plants, housing and a health...

China's Surplus Soars to $26.9B

Jul 10, 2007 2:59 PM CDT

China's Surplus Soars to $26.9B

Weak yuan is driving China's economy to a record expansion; trade surplus nearly doubled

(Newser) - China's trade surplus surged to a record $26.9B in June, an 87% increase since last year. Economists attribute the trade gap to China's significantly—as much as 40%—underpriced currency, the yuan, reports Bloomberg. Half of China's surplus is with the US, which recently began preparing legislation to sanction...