Essential Economics for Politicians

No, I just refuse to let someone else make up my mind for me. I know you need someone to tell you what to do and how to think, that's where we differ.
Where we differ is quite obvious to all who pay attention . . . you ooze what you are everyday in here and beg for attention.
 
The Obama bubble,
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TECH BACKLASH GROWS...
Conservatives angry over NETFLIX hiring Obama aide...
TESLA shares dive again...
 
L.A. councilman wants city to boycott companies with NRA ties

A Los Angeles lawmaker wants the city to cut ties with companies that are linked to the National Rifle Assn., saying that its opposition to "common sense gun safety laws" is at odds with the city.

City Councilman Mitch O'Farrell introduced a proposal Wednesday asking city staffers to provide a list of all businesses and groups that have a "formal relationship" with the NRA and lay out options for boycotting them.


....................

O'Farrell said he also had asked the City Council to hold off on approving an agreement between FedEx and the Harbor Department to operate a warehouse and office space. FedEx has faced pressure from gun control advocates to stop providing discounted shipping for members of the NRA.

"We have a choice — and they have a choice," O'Farrell said, arguing that FedEx could follow the path of other companies such as Delta Air Lines that have ended such discounts or other ties. "They could join in this sensible movement to discourage the proliferation of guns."

The council postponed voting Wednesday on the FedEx agreement, which city officials say could generate up to $155,000 for the port.

A FedEx spokeswoman said the company was looking into the city decision Wednesday.

In a statement last month, FedEx said its corporate stand on gun policies was not in line with the NRA — it "opposes assault rifles being in the hands of civilians" — and stressed that the group is one of hundreds of organizations whose members get such discounts.

"FedEx has never set or changed rates for any of our millions of customers around the world in response to their politics, beliefs or positions," it said in that statement.



Maybe the gun control nutters can use O'Farrel to start their NRRA.
 
U.S., South Korea come to agreement on trade deal

The United States and South Korea have come to an agreement on revisions to the U.S.-Korea Free Trade Agreement, known as KORUS, senior administration officials confirmed on Tuesday.

South Korea's trade ministry announced changes to the trade pact on Monday during a briefing in Seoul, calling the discussions "heated" but ultimately successful in eliminating "two uncertainties."

On a conference call with reporters, administration officials said that the countries resolved KORUS changes and agreed to a steel quota for the Koreans, granting them an exemption from the 25 percent tariff imposed by President Donald Trump last week.

"Subject to steel, Korea will be subject to hard quote – a hard annual quote," an official said. "It will be a product specific quota equivalent to 70 percent of average annual export volume for these steel products, based on a three year average from 2015 – 2017."

South Korea will not receive an exemption on their aluminum exports, the official added, which will be subject to a 10 percent tariff.

The changes to KORUS, which officials billed as "a huge win for the American worker," include an extension of a 25 percent tariff on American pick up trucks for another 30 years, a doubling of the cap on U.S. vehicle exports built to U.S. safety standards that can enter Korea from 25,000 to 50,000 vehicles per manufacturer, and the elimination of "burdensome regulations" such as additional environmental testing.

https://www.cbsnews.com/news/us-south-korea-come-to-agreement-on-trade-deal/
 
During the Napoleonic War, English landowners had enjoyed a monopoly in the production of food. At the end of the war, they instituted the corn laws—a form of import control—to protect their domestic monopoly from competition. The laws kept the price of grain high, and since bread was the primary sustenance for most families, the laws created particular hardship for the poor. The issue had been brewing for some time. Charles Villiers had proposed corn law repeal in Parliament every year, and the Anti-Corn Law League was formed in Manchester in 1839. Richard Cobden and John Bright were instrumental in its founding.

Bright and Cobden embarked upon a hectic speaking tour. The climax was a meeting in the Covent Garden Theatre, where Bright railed against the protectors of upper-class privilege:

The law is, in fact a law of the most ingeniously malignant character ... The most demoniacal ingenuity could not have invented a scheme more calculated to bring millions of the working classes of this country to a state of pauperism, suffering, discontent, and insubordination...[2]

Leading Whigs and Tories were convinced of the need for repeal, and on June 25, 1846, a bill for repeal was carried. The elimination of other import duties followed, and a 70-year era of British free trade began; in the popular mind, free trade now signified cheap bread.
 
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