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Bill Clinton’s economic worldview spells trouble, both for a party that’s still reeling from defeat and for a nation where millions of people struggle just to make ends meet. Hillary Clinton, the heavily-favored contender for the Democratic nomination, has made Bill’s presidency and her role in it an essential part of her resume. But “Clintonism,” the Wall Street-friendly economic ideology of a bygone era, has passed its sell-by date. The former president’s latest remarks confirm that. If Hillary Clinton disagrees with the former president’s views, she hasn’t said so. When Bill Clinton speaks on economic issues, he reveals a deep wellspring of neoliberal belief and a profound detachment from the lived experience of most Americans. It’s true that, for the extremely wealthy, the “trend lines” are positive indeed. For the rest of the nation, not so much.
For all the pronouncements about the United States and China reaching a historic climate pact, the agreement they announced Wednesday does not signal a seismic shift in policies by either nation, experts said. The deal is important for what it shows the rest of the world, particularly other large carbon emitters like India and Russia, in advance of a meeting in Paris next year to negotiate a new climate treaty.
A big-money war is brewing over the meaning of America’s best-selling condiment: mayonnaise. Food giant Unilever has sued the San Francisco start-up behind Just Mayo, an egg-less, mayonnaise-like sandwich spread. Brand disputes typically quibble over words, not the definition of the product itself. But the very modern legal battle will be fought on regulatory territory that is decades old. The FDA’s definition of mayo was set in 1957.
Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported) to keep the public from hearing. Back in 2006, as a deal manager at the gigantic bank, Fleischmann first witnessed, then tried to stop, what she describes as “massive criminal securities fraud” in the bank’s mortgage operations. This past year she watched as Holder’s Justice Department struck a series of historic settlement deals with Chase, Citigroup and Bank of America. The root bargain in these deals was cash for secrecy. “I could be sued into bankruptcy,” she says. “I could lose my license to practice law. I could lose everything. But if we don’t start speaking up, then this really is all we’re going to get: the biggest financial cover-up in history.”
Many races are called as soon as the polls close, but the ones that matter most—that spell the difference between majority and minority status for a political party—usually aren’t. Commentators typically focus on large, well-known counties, overlooking smaller counties that may be more reliable bell-weathers. To test conventional wisdom and to develop a guide for people who don’t analyze politics for a living, we looked at all the contested Senate races this year.
Citizen’s United is back in America’s courtrooms. But, this time, the famous US Supreme Court case isn’t facing scrutiny, it’s deciding who’s sitting on the bench in the first place. States pick their judges in a variety of ways. In states where elections are taking place, they are starting to remind voters more of congressional elections, with the same money and harsh rhetoric.
Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself?
In taking office during two overseas wars and the Great Recession, President Obama set out to restore society’s frayed faith in its public institutions, saying that the question was not whether government was too big or small, “but whether it works.” Six years later, Americans seem more dubious than ever that it really does.
It’s unrealistic to expect individuals to inquire, broker by broker, about their files. Instead, we need to require brokers to make targeted disclosures to consumers. Uncovering problems in Big Data (or decision models based on that data) should not be a burden we expect individuals to solve on their own.
At a windy mountain pass on the edge of the Mojave Desert, North America’s most potent collection of batteries used for storing unused power is humming its way toward an electricity revolution. Southern California Edison, a utility that serves about 14 million people, has amassed more than 600,000 lithium-ion battery cells at a substation in Tehachapi, California. The $54 million, two-year test project aims to collect power generated from the area’s 5,000 wind turbines and store it for future use.
It’s simple electoral maths that the Republican Party has a good chance to control a majority in the US Senate after November’s mid-term elections. As most experts predict conservatives will easily maintain their edge in the House of Representatives, the “battle for the Senate” has dominated discussion. As election day draws near, however, a quiet debate is simmering over what Republican control of Congress actually would mean.
In August 2007, then–presidential candidate Barack Obama vowed that, if elected, he would “immediately” amend NAFTA. Six years later, with NAFTA still untouched, Obama faced the decision to appoint the chief U.S. negotiators for the two largest trade agreements in history. And he picked Wall Street bankers for the job. While labor organizations worry about losing leverage, the financial industry seems poised to entrench its influence.
Governments worldwide increasingly share the sentiment: perhaps, like the pinched middle classes, they feel that corporations are taking too much of the profits for themselves. And so, at a June 2012 summit, G-20 leaders resolved to get multinational corporations to pay more taxes. They asked another international organization, the Organization for Economic Cooperation and Development, to investigate and suggest what might be done.
We have undergone a transformation during the last few decades—what John Ralston Saul calls a corporate coup d’état in slow motion. We are no longer a capitalist democracy endowed with a functioning liberal class that once made piecemeal and incremental reform possible. We are governed, rather, by a species of corporate totalitarianism, or what the political philosopher Sheldon Wolin describes as “inverted totalitarianism.” By this Wolin means a system where corporate power, while it purports to pay fealty to electoral politics, the Constitution, the three branches of government and a free press, along with the iconography and language of American patriotism, has in fact seized all the important levers of power to render the citizen impotent.
It looked like East Asia might be the place where the crumbling global order of the past quarter-century, centered on U.S. power and values, would face a decisive crisis. Instead, it was Vladimir Putin who launched a frontal military assault to stop the spread of Western influence and institutions to Ukraine, and the Islamic State that forced the U.S. retreat from foreign military commitments.
President Barack Obama’s push to raise the minimum wage, which has largely found success in liberal-leaning coastal states to date, could make headway in the conservative heartland in the November elections. Voters in several Republican-controlled states will consider ballot initiatives to raise the minimum wage above the national rate of $7.25 per hour.
As President Obama prepares to announce his strategy on Wednesday for combating the Islamic State in Iraq and Syria, there is no shortage of condemnation from Republicans like Mr. Paul, Mr. Cruz and Mr. Jindal, who are considering running for president in 2016. Yet they, like almost every Republican who might try to succeed Mr. Obama, have a common résumé gap: foreign policy experience.
There have to be rules of the game, and these are established through political processes. If we get the rules of the game right, we might be able to restore the rapid and shared economic growth that characterized the middle-class societies of the mid-twentieth century. The main question confronting us today is not really about capital in the twenty-first century. It is about democracy in the twenty-first century.
More than a dozen prominent Washington research groups have received tens of millions of dollars from foreign governments in recent years while pushing United States government officials to adopt policies that often reflect the donors’ priorities, an investigation by The New York Times has found. The money is increasingly transforming the once-staid think-tank world into a muscular arm of foreign governments’ lobbying in Washington and it has set off troubling questions about intellectual freedom. The think tanks do not disclose the terms of the agreements they have reached with foreign governments and have not registered with the United States government as representatives of the donor countries, perhaps in violation of federal law.
Economic predictions depend on figuring out what generates economic activity. Since the turn of the 20th century, economists have struggled to grasp what drives various parts of the economy, from consumer goods to commodities to housing. Recent research suggests financial markets and economic growth are supported mainly by animal spirits, not rational calculation
When the Cold War ended, Hungary occupied a special place in the story of the revolutions of 1989. It was one of the first countries in the Soviet orbit to abandon communism and embrace liberal democracy. Today it is again a trendsetter, becoming the first European country to denounce and distance itself from liberal democracy. It is adopting a new system and set of values that are best exemplified by Vladimir Putin’s Russia but are finding echoes in other countries as well.
For months, Christie Watch has chronicled Hillary Clinton’s hawkish, even neoconservative-influenced views on foreign policy. During her tenure as secretary of state, from the inside, she argued consistently—usually in alliance with Secretary of Defense Robert Gates—for polices that were almost universally more hawkish than President Obama seemed to favor, sometimes succeeding in getting her way and sometimes not.
Making money from water? Is this what Wall Street wants next? Bottled mineral water have always existed alongside a robust municipal water system that delivers clean water to the home. This summer, however, myriad business forces are combining to remind us that fresh water isn’t necessarily or automatically a free resource. It could all too easily end up becoming just another economic commodity. At the forefront of this firestorm is Peter Brabeck, chairman and former CEO of Nestle.
Recent advances in technology have created an increasingly unified global marketplace for labor and capital. Some have argued that the current era of rapid technological progress serves labor, and some have argued that it serves capital. The real winners of the future will not be the providers of cheap labor or the owners of ordinary capital, both of whom will be increasingly squeezed by automation. Fortune will instead favor a third group: those who can innovate and create new products, services, and business models.
Hoping in part to expand U.S. business presence in African markets, the Obama administration is hosting a three-day summit this week attended by nearly 50 African heads of state, the first gathering of its kind. Fueled by the consumption demands of a growing young middle-class, the African private sector is, unevenly yet surely, on the rise. But although the United States is still the leader in foreign direct investment in African economies, China surpassed the United States as Africa’s biggest trading partner in 2009.
A few months ago, the international food manufacturing giant General Mills was branded a “clear laggard” by climate activists for not doing enough to cut its carbon footprint. Today, Oxfam International is claiming big victory: General Mills has released a new set of climate policies that Oxfam says makes it “the first major food and beverage company to promise to implement long-term science-based targets to cut emissions.”
It took 13 years for the United States to come to its senses and end Prohibition, 13 years in which people kept drinking, otherwise law-abiding citizens became criminals and crime syndicates arose and flourished. It has been more than 40 years since Congress passed the current ban on marijuana, inflicting great harm on society just to prohibit a substance far less dangerous than alcohol. The federal government should repeal the ban on marijuana.
As Germany basks in its World Cup victory, it’s easy to forget that one of the most telling geopolitical moments of the tournament came during the Germany-U.S. game. As American fans chanted “U-S-A! U-S-A! U-S-A!” the Germans countered with, “N-S-A! N-S-A! N-S-A!”. All the “friendly spying” scandals are just one piece of the puzzle. There are even deeper fissures causing a lot of the bad blood — and suggesting more of it to come.
Revelations about the scope of American electronic surveillance efforts have generated headlines around the world over the past year. And a new Pew Research Center survey finds widespread global opposition to U.S. eavesdropping and a decline in the view that the U.S. respects the personal freedoms of its people. But in most countries there is little evidence this opposition has severely harmed America’s overall image.
Climate change poses a significant risk to national security. The U.S. has multiple tools at its disposal to mitigate the impacts of energy supply disruptions, help countries enhance their own energy security and mitigate global climate change. We will need to use all the tools in our tool kit to meet the energy and security challenges we face today. Congress can support the State Department’s role in energy diplomacy, expand our technical assistance programs, and consider energy exports in advancing energy security and promoting lower carbon fuels.
The net result of sub-national regulatory action, the Great Recession, and the widespread substitution of natural gas for coal in electricity generation is that US greenhouse gas emissions dropped by 10 percent between 2005 and 2012. But we must enact policies to maintain this progress, even if market forces change. The goals of Sophisticated Interdependence are to light that path domestically and to emphasize the importance of connecting with our global colleagues along the way.
Foreign policy is like gardening, former U.S. Secretary of State George Shultz, more than once remarked. And it begins, he pointed out, by making sure that relations with America’s neighbors, key allies, and friends remain regularly and well-tended. It is an axiom of foreign policy that the Obama administration is ignoring to its own detriment. U.S. relations with Germany – Europe’s economic and political juggernaut – have sunk to an all-time low. The health of U.S. relations with key allies is not much better across the Pacific.
In today’s established and emerging democracies, few people regard government as precious. This cynicism has become commonplace and yet it is actually rather odd. It assumes that the public sector will remain immune from the technological advances and forces of globalization that have ripped apart the private sector. It also ignores the lessons of history: government has changed dramatically over the past few centuries, usually because committed people possessed by big ideas have worked hard to change it.
On July 10, the German government demanded the immediate departure of the head of the CIA mission in Berlin. Such demands are not unusual, even between ostensible allies. What is unusual is that it was publicly announced and with much fanfare. What accounts for what some are already calling an unprecedented breach in relations between the US and Germany? The problem is structural and is not due to the passing mistakes and stupidity of those in power in the United States.
Populist Sen. Elizabeth Warren got a rock-star reception during a standing-room-only campaign rally in West Virginia, as hundreds of liberal activists cheered her broadsides against corporate interests. It was the latest in a string of recent Warren appearances where Democratic base voters have embraced her fiery message as an envoy to working-class voters frustrated with both Wall Street and the Obama administration.
The OECD has a clear message for the world: for the rich countries, the best of capitalism is over. For the poor ones – now experiencing the glitter and haze of industrialisation – it will be over by 2060. If you want higher growth, says the OECD, you must accept higher inequality. And vice versa.
For more than a year now, the revelations disclosed by former American intelligence worker Edward Snowden have fueled an at times fierce debate over the sense and legality of the NSAs sheer greed for data. Der Spiegel conducted two interviews. The first is with two major critics of the NSA’s work — human rights activist and lawyer Jesselyn Radack, who represents Snowden, and former spy Thomas Drake. The second interview is with John Podesta, a special advisor to United States President Barack Obama.
There’s been much to-do in the past month about the “war on coal,” the latest front of which is, supposedly, the Environmental Protection Agency’s new rule to cut carbon emissions from power plants. What all this “war on coal” talk is missing is the fact that while the Obama administration is taking steps to discourage coal consumption at home, it is tacitly promoting coal exports overseas through a decades-long debacle known as the federal coal leasing program, which has cost taxpayers billions and effectively acted as a subsidy for Big Coal.
To look for aliens, most people peer towards the sky. But if you look down, you’ll discover they already live among us. These aliens have brains, like we do, but they’re mostly inside their arms, and each arm acts as if it has a mind of its own – the aliens are cephalopods. The kinds of decisions that octopus arms can make on their own, such as those involved in self recognition and in complex camouflage, appear to be more complex than simple pain avoidance, and in addition to their arms’ impressive sensory abilities, cephalopods have excellent vision, are capable of generating and storing both short-term and long-term memories, and can learn new tasks with ease. Some species even use tools.
One billion people watched the opening match of the FIFA World Cup in São Paulo, Brazil, and hundreds of millions more will tune in at some point during the month-long tournament. For FIFA’s six major partners and the event’s eight official sponsors, this audience is nothing short of a gold mine. Indeed, they pay tens of millions of dollars in the hope that some of the magic of the “beautiful game” will rub off on their brands. For viewers, that is probably not a good thing. Sponsorship by companies like Budweiser, McDonald’s, Coca-Cola, and the food giant Moy Park brings millions of dollars to the game. But what message does it send to the global audience? Promoting alcohol, sugary drinks, and fast food may mean massive profits for corporations, but it also means worse health for individuals and a costly burden on countries’ health-care systems.
The benefits of the Pentagon’s drive for energy efficiency go well beyond improving the U.S military’s energy security and lowering its costs. Through coordination and technology transfers with the private sector, the effort to create a more energy-efficient and secure fighting force could also stimulate innovation beyond the military and help reduce the carbon footprint of many businesses.
With its virtual monopoly on search, Google has the power to flip the outcomes of close elections easily – and without anyone knowing. Over time, they could change the face of parliaments and congresses worldwide to suit their business needs – keeping regulators at bay, getting favorable tax deals and so on. And because their business is unregulated in most countries at this point, flipping elections in this way would be legal.
Noncompete clauses are now appearing in far-ranging fields beyond the worlds of technology, sales and corporations with tightly held secrets. From event planners to chefs to investment fund managers to yoga instructors, employees are increasingly required to sign agreements that prohibit them from working for a company’s rivals.
Policy must assure the security of state authority and concentrations of domestic power, defending them from a frightening enemy: the domestic population. Information about the enemy makes a critical contribution to controlling it. Obama’s contributions have reached unprecedented levels.
Artificial intelligence is guided by the far-off goal of having software match humans at important tasks. After seeing results from a new field called deep learning, which involves processing large quantities of data using simulated networks of millions of interconnected neurons, some experts have come to believe that this goal isn’t so distant after all.
In the quarter-century since the Cold War ended and the Soviet Union collapsed, relations among the “great powers” have never been worse. Their ability to work together on regional or global issues has deteriorated substantially in the last decade. Now Putin seems to want to double down on these trends and create a new Sino-Soviet axis. China, for all of its current problems, will be not interested. The compass for China’s journey still points clearly to international integration.
Putin’s trip to China could mark the start of a new era in U.S.-Russian-Chinese relations, the trilateral relationship that dominated the final decades of the Cold War and is now making a comeback. After Russia’s aggression in Crimea, Moscow and Washington are locked in conflict. Beijing has thus become the new fulcrum, the power most able to play one side off the other.
Offensive “Terminator-style” autonomous robots that are programmed to kill could soon escape Hollywood science fiction and become reality. This actual rise of the machines raises important strategic, moral, and legal questions about whether the international community should empower robots to kill.
The U.S. Department of Agriculture proposed to increase the speed of kill lines for poultry in slaughterhouses. But with testing from Consumer Reports last year revealing that 97 percent of raw chicken breasts purchased at retailers are contaminated with harmful bacteria, and with poultry workers already suffering from numerous job-related injuries, advocacy groups are vigorously opposed to the idea.
Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley. The case was based largely on emails in which Silicon Valley rivals hatched plans to avoid poaching each other’s prized engineers.
The paper “Fueling a New Order? The New Geopolitical and Security Consequences of Energy” examines impacts of the major transformation in international energy markets that has begun. The United States is poised to overtake Saudi Arabia and Russia as the world’s largest oil producer and is on track to become the dominant player in global energy markets. China is in place to surpass the United States in its scale of oil imports, and has already edged out the U.S. in carbon emissions.
Years of escalating protests by Putin made it clear he believed the West was surrounding him with hostile neighbors. And for centuries, Russian leaders have viewed a friendly Ukraine as vital to Moscow’s defense. Demonizing Putin reflected the continued failure of American officials to recognize Russia’s power, interest and importance. It is vital for Washington and Moscow to end a destructive pattern of careless American action followed by Russian overreaction.
The revolution in Ukraine and Russia’s illegal annexation of Crimea have generated a serious security crisis in Europe. But, with Western leaders testing a new kind of financial warfare, the situation could become even more dangerous. In 1911, instead of being an alternative to war, the financial arms race made war more likely – as it may well be doing with Russia today.
The big story in Silicon Valley these days is a class-action lawsuit alleging that several major tech companies, including Google and Apple, agreed not to try to hire away one another’s employees – thereby hindering workers from seeking out better-paying jobs. But do-not-hire agreements are not the only way that corporations are taking control of their employees’ intellectual capital. With more corporations demanding that employees pre-assign their intellectual property, there has been a steady decrease in inventor-owned patents. The effects of giving up future control over one’s own skills and products of the mind are significant. In a world in which economic growth depends on innovation, we cannot afford such limitations on creativity.
The United States is now poised to become an energy superpower. As U.S. production continues to increase, it will put downward pressure on global oil and gas prices, thereby diminishing the geopolitical leverage that some energy suppliers have wielded for decades
Inheritances and gifts have always played a big role in the distribution of wealth, accounting for about a quarter of total household wealth in the U.S. That’s a lot, but it may be nothing compared to what’s coming if we stay on the current path.
The EU and US have come down hard on Russia for its annexation of the Crimean Peninsula. But from the perspective of the Kremlin, it is the West that has painted Putin into a corner. And the Russian president will do what it takes to free himself.
Washington cannot realistically do any more in response to Russian troops seizing Crimea in 2014 in the name of protecting Russian lives and Russian bases than Moscow could do in response to U.S. troops seizing Panama in 1989 in the name of protecting American lives and American bases.
It would be a mistake to overestimate Putin or Russia, or to underestimate how badly his gambit in Ukraine could turn out for him. Finding a way out of this crisis requires an understanding both of why Putin instigated it and of how it will affect his rule.
The Kosovars’ secession from Serbia drove a deep wedge between the United States and Russia that soured relations for years. Washington supported Kosovo’s bid for independence while Moscow saw it as an infringement of Serbia’s sovereignty. Now 15 years later, the former Cold War rivals again find themselves at odds, but this time they have effectively switched sides.
U.S. manufacturing—and the jobs that go with it—have been steadily increasing since 2010. Whether the resurgence of U.S. manufacturing jobs continues depends on a range of factors—including environmental initiatives. While the future of U.S. manufacturing jobs is uncertain, energy-efficiency and clean-energy investment can help ensure that this sector continues to thrive.
The State of the International Order report assesses international cooperation in the economic, diplomatic and security realms five years after the global financial crisis and over a decade after the invasion of Iraq. In gauging the state of the order, we ask two questions: What are the material realities shaping the options faced by the great powers? What are the issue-by-issue interactions that are revealing or shaping the content of great power relations, and international order more generally?
Suddenly, the winter games that Putin hosted have given way to his penchant for using armed force in what is beginning to look like a 21st-century version of the Great Game. This is the second time in six years that Putin has exerted Russian hard power to intimidate a neighboring country.
State and local governments have awarded $110 billion in taxpayer subsidies to business, with 3 of every 4 dollars going to fewer than 1,000 big corporations. The largest five subsidies went to Boeing, ALCOA, Intel, General Motors and Ford. Dow Chemical received 410 separate subsidies worth $1.4 billion. Federal, state and local governments publish exhaustively detailed statistical reports on welfare to the poor, disabled, sick, elderly and other individuals who cannot support themselves. But corporate welfare is not the subject of any comprehensive reporting at the federal level. Disclosures by state and local governments vary greatly, from substantial to nearly nonexistent. Taxpayers who want to understand their burdens should demand that Congress require and pay for detailed annual reports showing every federal, state and local subsidy received by corporations.
As fellow tech giants have reached billion-dollar deals in recent years to add significant new arms to their businesses, Apple has ventured down a different path. The company has avoided jaw-dropping takeovers in favor of a series of smaller deals, using the companies to buttress or fill a gap in products that already exist or are in development.
The economics of international banking are straightforward enough: raise funds in countries where they are cheap, lend where they are dear. Done right, this is both lucrative for bankers and good for the world, by channelling savings to their most productive use. Those economics have begun to come apart over the past five years.
World War I may have ended in 1918, but the violence it triggered in the Middle East still hasn’t come to an end. Arbitrary borders drawn by self-interested imperial powers have left a legacy that the region has not been able to overcome. No group of countries, particularly given their small sizes, has seen so many wars, civil wars, overthrows and terrorist attacks in recent decades. To understand how this historical anomaly came to pass, several factors must be considered: the region’s depressing history prior to World War I, the failure of the Arab elite and the continual intervention by the superpowers thereafter, the role of political Islam, the discovery of oil, the founding of Israel and the Cold War.
You don’t really read the endless pages of terms and conditions connected to every website you visit or phone call that you make, but every day billion-dollar corporations are learning more about your interests, friends, family, finances and secrets precisely because of this, are selling the information to the highest bidder, and you agreed to all of it.
As research continues and other nations increasingly invest in R&D, nanotechnology is moving from the laboratory to commercial markets, mass manufacturing, and the global marketplace–a trend with potential future import that some compare to history’s introduction of technologies with major economic and societal impact, such as plastics and even electricity.
Just about everything Americans need to know about the surge of income inequality is contained in the 43- page indictment last week of former Virginia Gov. Bob McDonnell. It’s a simple and base transaction. For a bit of personal wealth, a politician sells out the people who elected him, the people who trusted him to serve their interests.
As politicians and pundits in Washington continue to spar over whether economic inequality is in fact deepening, in corporate America there really is no debate at all. The post-recession reality is that the customer base for businesses that appeal to the middle class is shrinking as the top tier pulls even further away.
Clean coal is an essential component of the President’s ‘All of the Above’ energy strategy, but on the heels of the West Virginia coal-cleaning chemical disaster, amid record climate disruptions and drought and flooding, Obama’s billion dollar bonus to Big Coal might signal “game over” for clean energy and climate initiatives in Illinois.
It has now been 100 years since the outbreak of World War I, but the European catastrophe remains relevant today. As the Continent looks back this year, old wounds could once again be rubbed raw. More than 60 million soldiers from five continents participated in that orgy of violence. The absolute focus on national interests did not lead to happy times for any of the wartime enemies. In the era of NATO and integrated armed forces, hardly anyone can imagine a war between Europeans. Still, it is possible to sow discord in other ways in the 21st century. Historians of different stripes note with concern that the course of events in 1914 are not that different from what is happening in Europe today.
The world’s wealthiest people aren’t known for travelling by bus, but if they fancied a change of scene then the richest 85 people on the globe – who between them control as much wealth as the poorest half of the global population put together – could squeeze onto a single double-decker.
The Obama Administration fought to keep the Haitian minimum wage to 31 cents an hour. Haiti passed a law in 2012 raising its minimum wage to 61 cents an hour. America corporations like Hanes and Levi Strauss vociferously objected, claiming such an increase would irreparably harm their business and profitability.