Portside

Based on the leaks — and the history of arrangements in past trade pacts — it is easy to infer the shape of the whole TPP, and it doesn’t look good. We should accept the short-term pain, [some] say, because in the long run, all will benefit. But as John Maynard Keynes famously said in another context, “in the long run we are all dead.” In this case, there is little evidence that the trade agreements will lead to faster or more profound growth.

Mayor Bill de Blasio’s administration is pushing for what would be the longest-ever contract with the teachers’ union: a nine-year deal that would let the city stretch out potentially huge retroactive pay increases. A nine-year deal for teachers would actually date to Nov. 1, 2009, when the union’s contract expired. But it would extend for another four and a half years — after Mr. de Blasio, a Democrat, would face re-election in 2017.