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Goods movement through the nation’s busiest seaport complex posted better than expected results in 2013, a sign the economy is finally on the mend, a top economist said Wednesday.
While cargo at the Port of Los Angeles was down in 2013, strong growth there over the last two months, combined with steady improvement at the Port of Long Beach meant that the complex reported a 3 percent increase in overall cargo.
Ferdinando Guerra, international economist with the Los Angeles County Economic Development Corp. and a member of the District Export Council of Southern California, credited a strong peak season and second half of the year.
More at the Daily News
This 1997 photo shows Gary Hefner, a local union president, standing in front of signs he put up after General Electric closed its plant in Hickory, NC, and moved it to Mexico. AP Photo.
Excerpts from an interview with Global Trade Watch Director Lori Wallach at BillMoyers.com:
NAFTA wasn’t just about trade. It set up all these rules that, for instance, allowed Archer Daniels to buy up not only the processing plants for corn, but also to buy a stake in one of the biggest tortilla makers, Bimbo, which is sort of the Wonder Bread of Mexico. And as a result, you have Archer Daniels and other companies selling to themselves, and marking up the profit margin each time. So with this “competition” that free trade is supposed to create, with all these corporate rights to acquire and basically monopolize sectors, the consumer is the loser.”
Shortly after NAFTA, we did a very detailed dig to find all the promises of US producers who made very specific claims before the treaty was signed that ‘if NAFTA passes, we will add X number of jobs.’ So we went and looked at the federal government’s Trade Adjustment Assistance database and we found that company after company — big...
In August 2011, George Pasha IV, the president of the California shipping company The Pasha Group, said a new law the Hawaii Legislature passed that put limits on who could ship cargo among the Islands would put a local division of the company, Pasha Hawaii Transport Lines, out of business.
Pasha’s prediction came true Jan. 1 when the company halted its interisland shipping service.
Act 213 put stringent new rules in place for the Hawaii Public Utilities Commission as it decided whether to distribute licenses to shipping companies. Among the requirements, Act 213 forbids the commission from issuing a license to a carrier unless it could prove that other carriers — in this case, Young Brothers Ltd. — weren’t meeting the state’s interisland shipping demands.
More at Pacific Business News
Source: UNI Global Union
Source: Huffington Post
Source: Huffington Post
Source: Huffington Post
Source: Business Insider
Source: Associated Press
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