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...campaign announced on Sunday night. The stunning announcement came after it was revealed Friday that Penn, in his capacity as worldwide CEO of the lobbying firm Burson-Marsteller, had held discussions with officials from Colombia on a bilateral free-trade agreement. Clinton has said she is against such a pact. While campaigning for the Ohio primary, Clinton had assailed Barack Obama's campaign for what she said was its tacit collusion with Canada over NAFTA, another controversial free-trade pact that she has said needs to be renegotiated...

Author: /time Magazine | Title: Removing the Clinton Strategist | 4/6/2008 | See Source »

...After almost four years and 15 rounds of what Wellington's ambassador to China Tony Browne calls "a very detailed, very complicated, very elaborate negotiation," New Zealand is on track to become, on April 7, the first developed nation to sign a free-trade pact with the market the whole world is courting. "It's a bit like getting the first date with the best-looking girl on the block," says Stuart Ferguson, chairman of the New Zealand-China Trade Association: in this case, ahead of suitors Australia, Norway and India. Details are a closely held secret, but the deal...

Author: /time Magazine | Title: Bearing Fruit | 4/3/2008 | See Source »

...voters do. Critics fear a flood of cheap goods and farm produce, and point to China's poor record on the environment and human rights. United Future party leader Peter Dunne is boycotting the Beijing signing ceremony in protest at China's crackdown in Tibet, but says abandoning the pact would be "a classic case of cutting off your nose to spite your face...

Author: /time Magazine | Title: Bearing Fruit | 4/3/2008 | See Source »

...recognition that defensive systems could upset the nuclear balance was the propelling force behind the 1972 ABM treaty, the only arms-control pact that binds the two superpowers. It declares: "Each party undertakes not to develop, test, or deploy ABM systems or components which are seabased, air-based, space-based, or mobile-land-based." The Administration says that merely undertaking research into such a project does not violate the treaty. Indeed, the Soviets have been spending perhaps as much as five times the U.S. amount on laser technologies and weapons, although they apparently have not developed such devices for knocking...

Author: /time Magazine | Title: Archive: Reagan for the Defense | 3/21/2008 | See Source »

...adjustable-rate mortgages and convert them to 30-year fixed ones 'Eliminate the AMT, which the middle class was never intended to pay.' McCain wants to end the alternative minimum tax, which hit approximately 4 million taxpayers in 2006, up from 414,000 in 1995 NAFTA Should the trade pact be modified to add environmental and labor protections? Yes She says these protections should be enforced just like those dealing with commerce Yes A leaked memo implied his stance was "political maneuvering"; Obama denies the claim No Says open markets create economic opportunity UNEMPLOYMENT INSURANCE Payrolls shrank...

Author: /time Magazine | Title: A Voter's Guide to the Economy | 3/20/2008 | See Source »

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