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Democrats and White House announce NAFTA rewrite, giving Trump a win as his impeachment scandal rages

“Trump made a pledge to scrap the North American Free Trade Agreement a center of his campaign in 2016, calling it the “worst trade deal ever made.”” writes Finanzen Net Gmbh for businessinsider.com. “It will be the best and most important trade deal ever made by the USA. Good for everybody – Farmers, Manufacturers, Energy, Unions – tremendous support.Congress on Tuesday reached an agreement with the White House on a rewrite of a 25-year-old trade pact with Mexico and Canada, offering President Donald Trump and moderate Democrats a legislative win…

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Thor Stock Down More Than 5% Despite Q1 Earnings Beat

“Segmental Results Post the acquisition of EHG, the company expanded the number of reporting segments to three: North American Towable RVs, North American Motorized RVs and European RVs” writes Zacks Equity Research for nasdaq.com. Thor Industries, Inc.’s THO shares fell more than 5% on Dec 9, after the company reported first-quarter fiscal 2020 (ended Oct 31, 2019) results, wherein earnings topped analysts’ expectation but net sales missed the same. Source: nasdaq.com

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Pelosi expected to announce North American trade pact

“Pelosi is a longtime free trade advocate and supported the original NAFTA in 1994” writes The Associated Press for seattletimes.com. House Speaker Nancy Pelosi is expected to announce her endorsement of a modified North American trade pact Tuesday, capping a long set of negotiations and presenting President Donald Trump with a major Capitol Hill win on the very day Democrats are set to announce impeachment their charges against him.Trump has accused Pelosi of being incapable of passing the agreement because she is too wrapped up in impeachment.The trade negotiations are…

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White House, congressional Democrats on cusp of revised North American trade deal

“The breakthrough comes after months of back-and-forth between the White House, Canada and Mexico, as well as House Democrats as they crafted the revised trade agreement” writes Erica Werner for washingtonpost.com. She also stressed that Republicans need to continue promoting the trade agreement – which would be one of the most significant policy achievements in Trump’s first term – well after it’s ratified.Support from the AFL-CIO, which opposes the existing NAFTA and blames it for destroying millions of good-paying manufacturing jobs, would likely ensure backing from a majority of House…

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Monopolies don’t just threaten the future of America — they change how we watch TV

“He digs deeply into how invasive monopolies have become and how they’ve shifted the power balance in this country” writes Paul Constant for businessinsider.com. But as Stoller wisely points out, there are monopolies in every corner of American life.In his meticulous research, Stoller has discovered that “it’s not just the big markets where you see this. Source: businessinsider.com

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Trump, Dems in tentative deal on North American trade pact

“The new trade pact would replace the 25-year-old North American Free Trade Agreement, which eliminated most tariffs and other trade barriers involving the United States, Mexico and Canada” writes The Associated Press for seattletimes.com. WASHINGTON (AP) — House Democrats have reached a tentative agreement with labor leaders and the White House over a rewrite of the U.S.-Mexico-Canada trade deal that has been a top priority for President Donald Trump.The new, long-sought trade agreement with Mexico and Canada would give both Trump and his top adversary, House Speaker Nancy Pelosi, a…

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Papers reveal US public were misled about unwinnable war

“Hundreds of confidential interviews with key figures involved in prosecuting the 18-year US war in Afghanistan have revealed that the US public has been consistently misled about an unwinnable conflict” writes Peter Beaumont for theguardian.com. The documents have echoes of the Pentagon Papers – the US military’s secret history of the Vietnam war – which were leaked in 1971 and told a similarly troubling story of the cover-up of military failure. Source: theguardian.com

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It’s almost Christmas, and this credit card wants fliers to enjoy the gift of 70k miles

“BGR has partnered with The Points Guy for our coverage of credit card products” writes Maren Estrada for bgr.com. All of this leads to the inevitable question, really the only question that matters for anyone writing about credit card offers and anyone pondering offer details: Is this card worth signing up for?. The spending requirement: Yes, $4,000 might seem a little steep, but it’s a target that won’t be hard for small businesses to hit at all — because, remember, this is a business card. Source: bgr.com

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American freed by Iran in prisoner exchange

“The “pallets of cash” reference was a nod to Republican criticisms of a prisoner exchange with Islamist-led Iran that occurred under President Barack Obama” reports politico.com. The prisoner exchange was facilitated by Switzerland.It originally removed a slew of U.S. sanctions on Iran in exchange for curbs on the country’s nuclear program.That exchange in January 2016 freed several Americans, including Jason Rezaian, a journalist working for The Washington Post.Both Iran and the U.S. appeared intent on keeping a lid on tensions at least as the exchange is happening. Source: politico.com

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U.S. Swaps Prisoners With Iran

“An American graduate student who was held in an Iranian prison for more than three years was finally headed home Saturday after a prisoner swap between the two countries” writes Linda Givetash Is for nbcnews.com. The swap comes amid growing tensions between Iran and the U.S. and its allies in the Gulf.Iranian Foreign Minister Mohammad Javad Zarif posted on Twitter early Saturday ahead of the swap, and again after it was confirmed. Source: nbcnews.com

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