Fast-track law doomed by earlier maneuvering

Article Abstract:

Pres Bill Clinton's abandonment of the fight for fast-track trade negotiating authority in 1997 may spell death for any hope of expanding the North American Free Trade Agreement. Early in its first term, the Clinton administration had expressed a hope for creating a free trade zone in this hemisphere. Clinton's failure to obtain an authority every other president had was doomed by 1992 campaign vacillations on support for NAFTA. He did not fully endorse NAFTA until Oct 1992 and then made adequate labor and environmental side agreements with Mexico a condition. His tactics were a ploy to gain labor unions' and environmental groups' support which subsequently boomeranged.

United States, Laws, regulations and rules, International trade, Treaty-making power

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(Obtaining an injunction for alleged breaches of Section 50 of the Trade Practices Act) (Australia) (Editorial)

Article Abstract:

An Australian court has ruled in QIW Relations Ltd. v. David Holdings that a private party cannot enjoin a proposed takeover and leaves the matter to be dealt with by the Attorney-General. This will open up the possibility that such private rights will be introduced later in 1992 when the laws regarding mergers and takeovers are amended. The Corporate Law Reform Bill and the Trade Practices Amendments Bill introduced in Dec 1992 suggest sweeping reform to the two bills including decriminalization of the duties of directors which will open them to civil prosecution.

Editorial

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The Australia print media inquiry

Article Abstract:

Two recommendations of the Select Committee on the Print Media of the Australian House of Representatives should not be followed. A recommendation to enable the Trade Practices Commission to authorize print media mergers based on criteria of economic viability, free opinion and accurate news would cause more bureaucracy and not work as well as at present. Similarly, a proposal for a Press Council on editorial independence would be too unwieldy.

Analysis, Mass media policy

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