AOL News has a new home! The Huffington Post.
Click here to visit the new home of Politics Daily!Hot on HuffPost:
Controversial Book On Obama Appears To Have Lifted Key Quote
Walker Recall Effort Struggles To Gain Momentum
exports
Force Majeure: Libya Oil Exports Move Explained
By Mary Phillips-Sandy - AOL NewsIt's in the contract. Global commodities traders are reporting disruptions of crude oil import and export activity in Libya, Reuters reports. According to the traders, Libya has declared force majeure on shipments in some ports, effectively halting some normal market activity. Force majeure (literally, superior force) is a contract clause that can be used to relieve parties of their obligations in the event of circumstances beyond their control. The clause is typically invoked when there's been a natural disaster, fire, strike, violent attack, war or serious political instability that ...
Opinion: Economy Got You Down? Don't Blame China
By Marty Robins - AOL NewsIn light of the state visit of Chinese President Hu Jintao, there has been and will continue to be no shortage of commentary on the need to somehow force China to "redress" its trade imbalance with the U.S. and stop its alleged currency manipulation, so as to spur economic recovery. The best economists can and do argue endlessly as to whether China is manipulating its currency in order to stoke its exports. I don't profess to know whether such action is having this effect, but I do know that it's absurd -- and dangerous -- to blame China for our economic situation. When it comes to our ...
Opinion: Devaluing the Dollar -- A Fool's Errand
By not in system - AOL News(Dec. 15) -- Last month, Federal Reserve Chairman Ben Bernanke argued that the Fed's latest attempt to get the economy improving at a quicker pace -- a second round of quantitative easing (widely dubbed QEII) -- would help create "a virtuous circle" stemming from lower long-term rates, greater investment, higher stock prices, improved consumer confidence and a lower dollar. It is now one month later; long-term rates have gone up sharply and the dollar is strengthening. The central bank's Federal Open Market Committee met this week and decided not to change course -- maintaining its plan to ...
Opinion: What's It Going to Take to Heal the Economy?
By not in system - AOL News(Aug. 10) -- What is it going to take to heal America's ailing economy? That is a problem I have been working on since the recession began. Now I am honored to be called upon by our president to help provide a solution. I was recently appointed by President Barack Obama to serve on the President's Export Council (PEC). As the only labor leader on the council, it is my responsibility to ensure that the concerns of America's workers are addressed, their skills are fully utilized and job opportunities are afforded them right here in this country. World Trade Organization statistics show that ...
Obama Boosts Export Council, Pledges Doubling of U.S. Exports by 2015
By Alex Wagner - Politics DailySpeaking from the East Room of the White House to an audience of CEOs and union leaders from across the country, President Obama on Wednesday announced a renewed emphasis on the American export economy, reiterating his State of the Union pledge to double American exports by 2015, and relaunching the President's Export Council. That body -- led by Boeing President and CEO Jim McNerney and Xerox CEO Ursula Burns -- will be comprised of business, congressional and labor leaders, as well as senior White House officials. It will "offer unfiltered advice and expertise on how best to promote American ...
Surge in Ports' Cargo Traffic Lifts Hopes for US Economy
By Joseph Schuman - AOL NewsLA JOLLA, Calif. (June 11) -- With roughly 40 percent of U.S. container cargo imports unloaded onto their docks, the ports of Long Beach and Los Angeles are among the most vital economic arteries in the nation. And at a time when other parts of the American economy appear to be struggling, this one is pumping strong. The total number of 20-foot cargo containers passing in and out of the country through the Los Angeles port was 689,420 last month, up nearly 20 percent from May 2009, the port announced today. Traffic at Long Beach improved even more, rising 25 percent to 524,715 ...
Demand for Foreign Goods Rises as Trade Deficit Hits $40 Billion
By Tom Diemer - Politics DailyAnother bad news/good news story for the economic recovery. The U.S. trade deficit climbed to $40.4 billion in March -- a 15-month high -- meaning imports vastly outpaced exports of American goods. But economists say the gap is a sign of an improving economy, The Associated Press reports, because it demonstrates a stronger demand on the home front. Rising prices for foreign oil accounted for much of the import surge as crude oil shipments went up 25.5 percent. But American goods, especially farm products and heavy machinery, were also selling briskly, the Commerce Department said. Exports ...
The McCain Comedy Show
By David Knowles - Politics DailyVia The Washington Post:Sen. John McCain hasn't had good luck joking about Iran. But he tried it again Tuesday. Responding to a question about a survey that shows increased exports to Iran, mainly from cigarettes, McCain said, "Maybe that's a way of killing them."He quickly caught himself, saying "I meant that as a joke" as his wife, Cindy, poked him in the back.Here's the video:Cymbal crash, snare drum. Enjoy the borscht, McCain will be here until November 6th. Now, jokes are jokes, and one shouldn't get too worked up about them. Yet, this is the second time that McCain has mined Iran for his ...
Follow Politics Daily
POPULAR
- Nancy Pelosi Confirms House May Skip Up or Down Vote on Senate Health Bill
- Debrahlee Lorenzana: A Double Take on Those Double D's
- Campbell Brown Quits CNN With Shockingly Frank Farewell
- Palin Earnings Estimated at $12 Million
- The Five Most Racist Obama Cartoons?
- Soraya M., Stoned to Death for Being an "Inconvenient Wife''
- Jimmy Carter Leaves Church Over Treatment of Women
- No posts are available.
News From Our Partners
- Dragon arrives at space station in historic 1st
- Picking new leader, Egyptians search for superman
- Egyptians vote in first free presidential vote
- Moon chips from Vegas casino mogul sent to NASA
- Egyptians vote to rid nation of autocratic rule
- More Stories »
- 'Masters of the Universe' Sure Have Fragile Egos
- Romney: My Mistakes 'Haunt Me'
- Newt Lauds Romney: He's Like Eisenhower
- Irked Senate Panel Votes 30-0 to Cut Pakistan Aid
- GSA Bash Organizer Steps Down
- More Stories »
- Know Your Enemy
- Obama’s Challenge in Egypt
- The Edwards Waiting Game
- Are Doctors Doing Too Much?
- The Pagan Cult of Reagan
- More Stories »
- Ambition Counteracting Ambition
- Robert Blagojevich Speaks Out
- In Iowa, Obama Calls Romney's Words 'A Cow Pie of Distortion'
- In Iowa, Obama Calls On Congress to Act on Clean Energy Tax Credits
- Romney Has Interesting Morning in Inner-City Philly
- More Stories »
Top News
More News
More on Aol
Local News
More Blog/Sites
Sites and Services
HuffPost Politics