P10103071-300x224DemocracyNow! discussion with Nobel Prize-winning economist Joseph Stiglitz, a professor at Columbia University and the World Bank’s former chief economist.http://www.democracynow.org/blog/2014/7/17/web_special_joseph_stiglitz_on_tpp

Also see: http://www.democracynow.org/2014/6/20/a_plan_only_banksters_will_love

The pro-transparency group WikiLeaks has released the secret draft text for the Trade in Services Agreement, TISA, a trade agreement covering 50 countries and more than 68 percent of world trade in service. Until now, the draft has been classified to keep it clandestine, not only during the negotiations, but also for five years post-enactment. According to the leaked text, TISA aims to cement the extreme deregulatory model of the 1990s by forbidding countries from improving financial regulation. The draft Financial Services Annex would also establish rules favorable to the expansion of financial multinationals into other nations by preventing regulatory obstacles. The draft text comes from the April 2014 negotiation round. DemocracyNow discusses the leaked text with Lori Wallach, director of Public Citizen’s Global Trade Watch and author of “The Rise and Fall of Fast Track Trade Authority.”



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Super-Sizing Welfare Costs: Low Wages at McDonald’s, Burger King Cost Taxpayers Billions

Source: democracynow.org

New research shows more than half of low-wage workers at fast-food restaurants rely on public assistance to survive – a rate double that of the overall workforce. According to researchers at the University of California, Berkeley, low wages in the fast-food industry cost American taxpayers nearly $7 billion every year – that’s more than the entire annual budget of the Centers for Disease Control and Prevention. A companion report by the National Employment Law Project found McDonald’s alone costs Americans $1.2 billion annually by paying its workers insufficient wages. Last year the top 10 largest fast-food companies alone made more than $7.4 billion in profits.

I have a friend who is a chef, went to culinary school and obtained an associate’s degree in the art of food. What did my friend get from this degree? High loans to pay back for a majority remainder of his life and low paying jobs due to our government making it a crime to cross the border which leads to barely living wages for those who are considered to be illegal. Even though this was their land to begin with…

The food industry takes advantage of those with no papers, in which in return, those who are citizens have to compete with the low wages our brown brothers and sisters are willing to work for. You ask why they are willing to work for such low wages…? Well, our so-called great government and governments abroad have free-trade-agreements which allows American companies to go to other markets to sell their products, which eliminates tariffs, import quotas, and preferences on most (if not all) goods and services traded between them.

This makes it hard for farmers on their own homeland to compete and sell good at the quantity and price that major corporations are able to do so. As a result, our brother and sisters from Mexico come to the states for work to support their families.

They have every right to be here! This country takes advantage of it’s own people & those abroad with low wages. If the people make living wages where it is easy for them to pay rent, bills and spend money shopping, the money goes back into the economy. This leads to a striving and sustainable economy, which equals money in those already wealthy CEO’s of fortune five corporations. You would think these so-called leading people of the world would know this middle school economic basics.

But they don’t, or they deny such knowledge in the blinding world of classism, racism, sexism and corporatism. Remember – this is a country who appoints C-grade students to run such a nation.