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Mark Kirk

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Quick Hit
by Ellyn Fortino
12:38pm
Tue May 12, 2015

Currency Manipulation Key Issue In Heated Debate Over TPP, 'Fast-Track' Trade Bill

As debate over the Trans-Pacific Partnership (TPP) deal rages on, a growing number of lawmakers and economic experts are troubled by the massive trade agreement's lack of strong rules against currency manipulation by foreign member countries. Calls for currency manipulation prohibitions in the TPP also come amid heated deliberation over legislation that would give President Barack Obama "fast-track" trade authority.

Currency manipulation involves a country artificially suppressing the value of its currency, usually relative to the U.S. dollar, to reduce the price of its exports, essentially giving itself a leg up over competitors. This practice is a key cause of the continuing U.S. trade deficit and has displaced between 1 million and 5 million American jobs.

It's estimated that between $200 billion and $500 billion of the U.S. trade deficit is due to currency manipulation by foreign countries, according to research from the Washington, D.C.-based Peterson Institute for International Economics.

Quick Hit
by Ellyn Fortino
12:49pm
Mon Apr 6, 2015

Report: Recent Generations Of Illinoisans Inheriting Warmer, More 'Dangerous' Climate

A new report tracking the effects of climate change over the last five generations of Americans shows young people in Illinois and across the country have inherited a "hotter, more extreme" climate.

For its "Dangerous Inheritance" report, the Environment America Research and Policy Center examined changes in average temperatures, precipitation and sea-level rise over the course of five generations -- from the Baby Boomers to Generation Z, defined as those born between 1995 to 2009. Researchers include climate projections for today's Generation Alpha, or those born between 2010 and 2025.

Younger generations in Illinois and across the country are facing warmer temperatures plus more frequent and extreme storms than when the Baby Boomers were entering adulthood, according to the report.

PI Original
by Ellyn Fortino
2:02pm
Mon Mar 9, 2015

Rauner, Illinois GOP Congressmen Call For Vote On Comprehensive Immigration Reform

Progress Illinois provides highlights from Monday's Illinois Business Immigration Coalition forum featuring Gov. Bruce Rauner, Chicago Archbishop Blase Cupich, U.S. Sen. Mark Kirk (R-IL) and Illinois Republican Congressmen Bob Dold, Adam Kinzinger and Aaron Schock, during which the officials called on Congress to pass comprehensive immigration reform legislation.

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