On Resignation of Gary Cohn

By Lori Wallach
Director of Public Citizen’s Global Trade Watch

It is very telling that for Cohn, a Democrat, the final straw in leaving was not Trump’s horrifying response to the Charlottesville white supremacist uber-hate fest or endless attacks on Mexicans and Muslim, but a steel trade enforcement action involving tariffs that would be 5 percent lower than the steel trade action enacted by Pres. George W. Bush in 2002.

That Cohn is a Democrat did not stop him from joining the Trump administration, but that his departure would be spurred over a trade policy dispute reveals that his years on Wall Street at Goldman Sachs apparently made his one unbending principle the defense of the corporate-managed trade policies that have outsourced millions of middle class jobs and pushed down Americans wages.  

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Posted In: Union Matters

Union Matters

Even Super Good Times Sometimes Stop Rolling

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

India’s self-styled “King of the Good Times,” the Kingfisher beer and airline baron Vijay Mallya, seems to be in store for lots of not-so-good times. This past September, a local court ordered the sale of the super yacht Mallya had abandoned in Malta — complete with 40 crewmembers — after his arrest in London on fraud and money-laundering charges. Earlier this month, another court ruling awarded the abandoned crew almost $1 million in back pay. Mallya is now fighting extradition to India. The cells in India’s Mumbai Central Prison, he’s complained to British authorities, lack natural light. The 62-year-old is also tweeting regularly that he’s not getting “fair treatment” from politicians and the media. Mallya’s yacht, meanwhile, has begun a new life as a charter boat renting for $850,000 per week.

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Who Really Pays for Tax Cuts?

Who Really Pays for Tax Cuts?