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            | Was 
			America's First Bilateral Trade Agreement 
			a Good Deal? 
 EVENT:
			Author Grant F. Smith discusses his book Spy Trade 
			about myths and realities of US-Israel trade and economic relations.
 TIME, DATE, PLACE: 
			5:15 p.m.Wednesday, April 6 in room 1101, Dewey Hall, University of 
			Rochester.
 BACKGROUND:
 1.Negotiating the USIFTA in 1984-985: economics, 
			espionage, public relations and politics.
 2.Trade disputes, market access 
			challenges, job creation and quantitative/comparative review.
 3. �Israeli economic miracle� or US foreign aid?  Is war now a 
			comparative advantage?
 4. Was it a good deal 
			or is the US subsidizing perpetual 
			conflict?
 SPONSOR: This lecture is sponsored by the 
			undergraduate Finance and Economics Council.  It is offered to provide
			an "equal time" response to Dan Senor's 
			Start-up Nation: The Story of Israel's Economic Miracle 
			presentation which took place on campus February 
			23, 2011.
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		:12 Start-Up Nation vs. Spy Trade1:55 Cost of policy recommendations
 2:10 Start-Up Nation: quotes, case studies, chutzpah
 3:35 Incomplete research/faulty recommendations
 3:40 Spy Trade: primary research, secret documents
 4:13 US-Israel trade agreement
 6:30 Congressional bans on military aid to Contras
 7:34 DoD guarantees of economic aid for covert support
 8:22 Pentagon-Israeli military/economic agreements
 9:07 AIPAC's drive for military industrial 
		integration
 9:40 Movement toward bilateral trade agreement
 10:20 1984 fast-track trade negotiation process
 11:45 US industries (76) lobbying against bilateral trade deal with Israel
 12:54 Bromine Alliance, Monsanto, AFL-CIO opposition
 13:25 Organizations (23) in favor: AIPAC in lead
 14:22  Israeli/AIPAC obtain 300 pages of classified US industry 
		data
 15:23 AIPAC lobbies for deal claiming no harm to US industry
 15:45 US Bromine Alliance key market and cost information lost to Israel
 16:40 Dan Halpern - Israeli minister of economics PR for deal
 17:30 Providence Journal: FTA is foreign aid, not free trade
 18:00 September 1, 1985 FTA ratification
 18:21 Jonathan Pollard espionage discovered - FBI reopens trade document 
		investigation
 18:55 AIPAC employees admit obtaining, copying document after return 
		order - source: Israel
 19:44 FBI investigates Israeli embassy - diplomatic immunity claims, "promises"
 20:57 US Trade Representative refuses to declassify trade report
 21:41 Iran-Contra scandal explodes, publicity, felons, pardons
 23:20 Enduring Israeli trade preferences, what did the US get out of it?
 24:09 Chart: the Israel trade anomaly - chronic deficits unique among 
		bilaterals
 24:50 Other trade pacts that are not foreign aid produce no chronic deficits
 25:53 Trade policies and the growing US trade deficit
 26:30 Chile, Singapore - other bilateral trade agreements that produce 
		surplus or random walk
 27:10 What does the US get in return for increased foreign aid to Israel?
 28:27 Spy Trade: accountability.  Start-up Nation, US 
		demand as a "right"
 29:50 Start-up Nation can't imagine serving Arab demand
 30:08 US consumes 40% of Israeli goods exports
 30:35 How Israel violates other nations intellectual 
		property
 31:00 Start-up Nation error of omission #1: Violations of US 
		pharmaceutical patents
 33:00 Start-up Nation error of omission #2: Israel's nuclear weapons 
		program
 34:40 US was opposed Israel going nuclear
 35:34 NUMEC: Unauthorized US participation in Israel's nuclear weapons 
		program
 36:10 NUMEC espionage: Rafael Eitan, Ephraim Beigun, Avraham Bendor, 
		Avraham Hermoni
 37:31 NUMEC highly enriched uranium went into Israeli nuclear weapons 
		program
 38:39 Start-up Nation hero Shimon Peres: attempted sale of nuke 
		missiles to apartheid S. Africa
 39:15 1945-2010 continuous Israeli military-industrial espionage against the United States
 40:55 Israel as a top global weapons exporter.....of US designs
 41:55 Leaders of Israeli military-industrial espionage
 43:13 Start-up Nation: Selling constant conflict as a competitive 
		advantage
 44:02 Does the US really owe Israel anything?
 44:38 Is the Israeli approach to the US sustainable, or is an 
		inflection point coming?
 45:13 Start-up Nation recommendation: Conscription in the US...a really 
		bad idea
 46:40 Conclusion: flawed policies have large economic consequences
 47:49 Should Israel pay for the $170 million NUMEC cleanup?
 48:39 Accountability and bona fide advice and consent in the US needed
 49:20 Future policymakers now in US universities
 49:28 Question and Answers
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