The Democratic Party's draft policy agenda reflects a shift in the debate over a tax on financial transactions that would curb short-term speculation and generate massive revenue.
TransCanada is suing the US government for $15 billion in damages under NAFTA rules. The TPP would increase the chances of similar lawsuits in the future.
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Simon Johnson, former chief economist of the International Monetary Fund, is a professor at the MIT Sloan School of Management, a senior fellow at the Peterson Institute for International Economics, and a member of the CBO’s Panel of Economic Advisers. He is a co-founder of The Baseline Scenario.