Tag Archives: Free Trade

Why You Could See an Increase on Drug and Medicine Costs

healthcare

The Trans Pacific Negotiations are well under their way and the last set of rounds are set to be this week in Hawaii. While there has been much controversy surrounding this enormous deal, Obama is set to drop it in Congress before the end of this year. One of the toughest selling points of the TPP is the strict intellectual property chapter which gives big pharmaceutical companies exclusivity on drugs for 12 long years. This means that drug and medicine prices will soar since generics won’t be able to come out for 12 years.

China Surpassed U.S. and is Number One Economy in the World

China

America is no longer the number one economy in the world. China has surpassed the U.S. in becoming the number one economy and they plan keeping it that way. By the end of 2014, China made up 15.68 percent of the World’s purchasing-power and the U.S. made up 16.28 percent.

Why Isn’t the Media Giving Bernie Sanders Any Coverage?

Bernie Sanders

Editor’s note: Economy In Crisis is a non-partition organization. We do not endorse any party or candidate. 

We are over a year away from the presidential elections and the 21 declared candidates haven’t failed to receive media coverage. All except a few like Bernie Sanders.

Hillary Clinton’s Contradiction on the Important Issues

Hillary Clinton

Editor’s note: Economy In Crisis is a non-partition organization. We do not endorse any party or candidate. 

Hillary Clinton has remained quite silent regarding big issues such as trade during her campaigns. Sure, she talks about women’s rights, raising minimum wages for the middle class and putting some limits to Wall Street. However, the fact that she hasn’t come out against the Trans Pacific Partnership simply makes her look like she is contradicting herself. Let me tell you why.

1.7 Million Pounds of Frozen Chicken Recalled

chicken

A massive recall on processed chicken has been announced. Over 1.7 million pounds of processed chicken breast have been recalled after the USDA received reports that a large number of people in Minnesota and Wisconsin fell ill. This processed chicken is from Barbell Foods, an American company. However, the origin of the chicken is unknown since last year  the U.S. Department of Agriculture (USDA) approved U.S. born and raised chicken to be sent to China for processing before being shipped back to the states for our consumption. As if this wasn’t enough of a nightmare for the U.S. consumers, this Chinese processed chicken will be labeled as “Product of America.”

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