Ed Feulner, president of the Heritage Foundation, “explains”:http://www.heritage.org/Press/Commentary/ed051004c.cfm why the Congress has so far failed to pass a law fixing the FSC export subsidies that the WTO found (twice) were illegal, risking an increase in sanctions already being applied by the EU. bq. There ought to be a law against such shenanigans. Unfortunately, we already know it would never pass. (“Heritage Foundation”:http://www.heritage.org/Press/Commentary/ed051004c.cfm) UPDATE: the LA Times “reports”:http://www.latimes.com/news/printedition/asection/la-na-tax12may12,1,1864041.story?coll=la-news-a_section that, as Feulner predicted, the Senate has passed it’s version of a revision with what Sen. John McCain calls a ‘christmas tree of goodies for ever conceivable special interest’.
Peter Gallagher is student of piano and photography. He was formerly a senior trade official of the Australian government. For some years after leaving government, he consulted to international organizations, governments and business groups on trade and public policy.
He teaches graduate classes at the University of Adelaide on trade research methods and the role of firms in trade and growth and tweets trade (and other) stuff from @pwgallagher