Some Elements of a Progressive International Trade Policy
There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
This just in from Reuters; Robert Rubin's departure from Citigroup appears to have been a prelude to this. The concept of a "bad bank" is intriguing—wouldn't that be a matter of interpretation, though?
Reuters updated the article (and ratcheted up the worry) while I was working on this post; here are the first few paragraphs of the milder version, with the first few paragraphs of the more dire one "Worries Over Citi Mount") afterwards, with a link.
Here's the scarier Reuters post, updated a few minutes ago to reflect Citi's tumbling stock prices today:
Worries over Citigroup mount
Read the rest of the article.