The Pacific Coast province wants the federal government to ban the shipment of U.S. thermal coal bound for customers in Asia.
.. U.S. producers have shipped thermal coal, used by power plants to produce electricity, to British Columbia export terminals due to a lack of U.S. capacity in U.S. ports. The British Columbia government estimates that last year the Port of Vancouver handled 6.2 million metric tons of U.S. thermal coal.
.. Cloud Lake Energy Inc., a Gillette, Wyoming coal producer which ships thermal coal to foreign customers via Westshore’s Vancouver terminal, didn’t immediately respond to a request for comment.
Warren Buffett likened American workers who have seen their jobs and factories destroyed by global trade to animals slaughtered by cars and trucks on the highway.
“Nobody should be roadkill,” Buffet said Saturday at the festival-like annual meeting of Berkshire Hathaway in Omaha, Nebraska... But if I own a good insurance company, I can diversify away the problems. If you’re a 55-year-old steelworker, you can’t diversify away your talents. I mean, you had it if steel or textiles or shoes become subject to total, it all moves offshore. So you want to have free trade, but you also have to take care of the people who, through no fault of their own, have spent their life learning one profession. And you can talk about retraining and all that, but it just isn’t practical... And a rich country that’s prospering because of free trade, and as the world is prospering, should keep the free trade as much as possible. But they also should take care of the people that become the roadkill, you know, when an industry moves.
The U.S. leads the free world in its helplessness
before the dissolution of its most cherished values.
Walter Lippmann worried that the promise of private wealth-creation was a weak moral basis for a national community.
For many midcentury thinkers, nihilism, a catastrophic breakdown of faith in national ideology and institutions that had occurred in Europe, was also a possibility in America.
.. The 1960s and 1970s did turn out to reveal a country sharply divided along generational, racial, religious, gender and political lines. White and black, gay and straight, men and women, religious and secular, antiwar protesters and hard-hatted patriots all faced off. For a time, the founding principles of American society — the “unalienable rights” of “life, liberty and the pursuit of happiness” — seemed like they would be unable to adjudicate between the competing, often clashing, interests.
.. It has been too easily forgotten that the calamitous failure of these “market Bolsheviks,” as the economist Joseph Stiglitz called them, helped spawn the first major demagogue of our time: Vladimir V. Putin.
.. In another self-protective move, these intellectuals have taken to blaming identity politics for Mr. Trump’s support among white male voters.
.. It could be argued that this frequently asserted and widely believed American creed of continuous and irreversible progress is what saved a diverse society not only from tragic social conflicts, but also from the mass manipulators who have periodically ruined other countries with their quack solutions. Today, however, more people seem to have seen through the constructed nature of this quasi-religious faith: It’s credible only if you believe in it.
.. They feel deceived by a class of politicians, experts, technocrats and journalists which had claimed to be in possession of the truth and offered a series of propositions that turned out to be misleading or wrong:
- the rising tide of globalization will lift all boats,
- the market is free and fair, shock therapy would bring capitalism to Russia,
- shock-and-awe therapy would deliver democracy to Iraq.
Many of the aggrieved now see the elites, who offered to expedite progress while expanding their own power and wealth, as self-serving charlatans.
.. America has accelerated its most insidious tendency: nihilism.
Workers at a factory in China used by the company that makes clothing for Ivanka Trump’s fashion line and other brands worked nearly 60 hours a week to earn wages of little more than $62 a week, according to a factory audit released Monday.
.. contractor, G-III Apparel Group, which has held the exclusive license to make the Ivanka Trump brand’s $158 dresses, $79 blouses
.. Its release also comes as the president’s daughter has sought to cast herself as both a champion of workplace issues and a defender of her father’s “buy American, hire American” agenda. Trump, whose book “Women Who Work” debuts next week, was in Germany on Tuesday for public discussions about global entrepreneurship and empowerment.
.. Chinese factories are by far the dominant suppliers for Ivanka clothes, though G-III also works with manufacturers across Vietnam, Bangladesh and South America. G-III factories overseas have shipped more than 110 tons of Ivanka-brand blouses, skirts, dresses and other garments to the United States since October, shipping data shows.
.. The clothing line licensed by President Trump’s private business is also almost entirely made in foreign factories.
.. The factory’s workers made between 1,879 and 2,088 yuan a month, or roughly $255 to $283, which would be below minimum wage in some parts of China.
.. Fewer than a third of the factory’s workers were offered legally mandated coverage under China’s “social insurance” benefits, including a pension and medical, maternity, unemployment and work-related injury insurance, inspectors found.
.. But it did not commit to increasing worker pay and at times pushed back against recommendations that could improve workplace safety.
.. sales of Trump’s brand have boomed in the months since her father began his pursuit of the White House. Net sales for her clothing collection soared by $17.9 million in the year that ended Jan. 31, G-III data shows.