Panama gives in as US pressure on Panama Canal intensifies
Under increasing US pressure, Panama has elected not to renew its belt and road (BRI) ...
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The Jones Act, the US regulation that requires all domestic and cabotage shipping in the US to be undertaken by US-built, -crewed, -flagged and -owned vessels, is once again under attack, this time by one-time presidential candidate, Arizona senator John McCain. He claimed that estimates that US consumers could save about $1bn per year if it was repealed, but his 2010 attempt won just 20 votes in the 100-member chamber. “The power of this maritime lobby is as powerful as ...
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LouRoll
December 08, 2014 at 3:08 pmIt should be mentioned that the Heritage Foundation, the US conservative think tank mentioned in this article as the venue of Senator Mc Cain speech, has just updated its “Fact sheet” on the Jones Act, which summarizes its views and proposals:
http://www.heritage.org/research/factsheets/2014/12/the-jones-acts-costly-impact