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Senate Republicans Pressure Obama on Trade Deals
By not in system - AOL NewsWASHINGTON -- Senate Republicans on Monday raised the stakes in their showdown with President Barack Obama over trade policy, saying they will block the confirmation of a new commerce secretary until the administration submits to Congress three pending free trade agreements. The administration says it is ready to submit the trade agreement with South Korea to Congress for ratification, but says it needs a little more time for the other two, with Colombia and Panama. Republicans in both the House and Senate have said that is unacceptable, and they would not act on the South Korea deal unless ...
Opinion: Egypt's Unrest Poses Risks to US Trade
By not in system - AOL NewsIn an era of seemingly uncontrollable U.S. trade deficits with just about every country, Egypt has been a breath of fresh air. American products have been very popular with consumers in Egypt. Egypt has been one of our most stable trading partners in the Mideast and is the 34th largest export market for U.S. goods. The U.S. goods trade surplus with Egypt was $3.2 billion in 2009, with exports in 2009 of $5.3 billion and imports from Egypt at $2.1 billion. Any time the U.S. enjoys a trade surplus, that's good news for job creation and job retention. More Opinion on AOL ...
Titans Still Hoping to Trade Vince Young
By John Oehser - AOL NewsThe Tennessee Titans are going to do what they can to trade quarterback Vince Young. The question is: Can they pull it off? Young, who the Titans announced earlier this month will not return next season, is due a $4.25 million roster bonus 10 days after the start of the new league year, a clock that will begin ticking when a new collective bargaining agreement (CBA) is signed, ESPN's Adam Schefter has reported. It previously had been thought that Young was due the bonus March 10, which led many to believe the Titans had to deal or cut Young by that date. Because the bonus is tied to the ...
Obama and Hu News Conference: Each Defends Human Rights Position
By Alex Wagner - Politics DailyIn a press conference that was at turns confrontational and belabored, President Obama and President Hu Jintao of China addressed the awkward -- but nonetheless critical -- partnership between their countries. Speaking in the East Room of the White House on Wednesday afternoon, Obama rejected the notion that any trust was lacking between the two nations, but remained cautious in his assessment about what an increasingly powerful China meant for the global community. "We welcome China's rise," said President Obama, adding, "We just want to make sure that rise occurs in a way that reinforces ...
Opinion Roundup: What Should Obama Do About China?
By not in system - AOL NewsWith Chinese President Hu Jintao set to arrive in Washington next week, U.S. and Chinese officials are busy laying the foundation for the crucial economic policy discussions of the visit. From the Atlantic Wire In a speech on Wednesday, Treasury Secretary Timothy Geithner called on the Chinese government to reduce barriers to U.S. imports, curb intellectual property theft and allow the value of its currency -- the renminbi -- to rise more rapidly. That same day, Chinese Vice Foreign Minister Cui Tiankai raised concerns about the security of China's U.S. investments, while ...
South Korea, US Fail to Finalize Stalled Trade Deal
By not in system - AOL NewsSEOUL, South Korea (Nov. 11) -- South Korea and the United States failed to score a breakthrough on a long-stalled free trade agreement and will keep negotiating, their presidents said Thursday, in a sharp setback to hopes of speedily ratifying the ambitious accord. The two sides have been holding negotiations this week to jump-start the deal to slash tariffs and other barriers to trade that was signed in 2007 when previous administrations were in power. It remains unratified by lawmakers in both countries. Progress has been slowed by U.S. demands that South Korea reduce its surplus in auto ...
Allen Iverson and the End of the Shoot-First Point Guard
By Paul Wachter - AOL News(Oct. 25) -- It appears that 11-time All-Star Allen Iverson's services are unwanted by NBA teams, and the 35-year-old has agreed to a two-year, $4 million contract with Turkish professional team Besiktas. Undeniably (still) talented, Iverson was apparently too much of a headache; someone who would never adapt to a bench role and was increasingly in the habit of walking away from unhappy situations, as he did twice last season, when he left the Memphis Grizzlies and the Philadelphia 76ers. That's the conventional wisdom. But it's also true that increasingly the NBA, or at least high-caliber ...
Obama: End Tax Breaks That Move US Jobs Overseas
By not in system - AOL News
President Obama blamed Republicans Saturday for blocking bills that would take away tax breaks for U.S. corporations that move jobs to subsidiaries in other countries. Republicans in Congress, he said, "have consistently fought to keep these corporate loopholes open." ...
Darren Collison Tops the List of Offseason Winners
By Tom Lorenzo - AOL NewsSave for a possible trade involving Rudy Fernandez, it seems like all the major offseason movement is behind us. Which is good news if you're already preparing for the upcoming fantasy hoops season. Yes, some of us are already doing our homework. One early assignment we can start digging into is defining this offseason's winners. Who doesn't love being a winner? It's a much easier task finding the winners than it is identifying the losers. So, I'll start off with the former and conclude early next week with the latter. The ultimate offseason winner is easy to identify. He may not have been ...
Cardinals Trade Guard Reggie Wells to Eagles for Draft Pick
By John Hickey - AOL NewsThe Arizona Cardinals dealt veteran guard Reggie Wells Friday to the Philadelphia Eagles in exchange for an undisclosed draft choice. The move was made possible by the addition of free agent Alan Faneca, who forced Wells to move from left guard to right guard this spring, and by an improved showing by Deuce Lutui, the starting right guard who signed his tender offer late. Lutui, a newly naturalized U.S. citizen, was born in Tonga in the South Pacific but grew up in the Phoenix suburbs. He's a four-year starter, but his position was up in the air when he stayed away from offseason workouts ...
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