The leaked text would empower foreign firms to directly “sue” signatory governments in extrajudicial investor-state dispute settlement (ISDS) tribunals over domestic policies that apply equally to domestic and foreign firms that foreign firms claim violate their new substantive investor rights. There they could demand taxpayer compensation for domestic financial, health, environmental, land use and other policies and government actions they claim undermine TPP foreign investor privileges, such as the “right” to a regulatory framework that conforms to their “expectations.”
The leaked text reveals the TPP would expand the parallel ISDS legal system by elevating tens of thousands of foreign-owned firms to the same status as sovereign governments, empowering them to privately enforce a public treaty by skirting domestic courts and laws to directly challenge TPP governments in foreign tribunals.
Secret Trans-Pacific Partnership Agreement (TPP) — Investment Chapter
On March 23, U.S. Telecom, a broadband trade group whose members include AT&T and Verizon, sued the FCC in the U.S. Court of Appeals in Washington, D.C., over the recently passed net neutrality rules. The petition alleges that the net neutrality rules are "arbitrary, capricious, and an abuse of [FCC] discretion."
This year, we are going to see the transformation of Uber into a big data company cut from the same cloth as Google, Facebook and Visa – using the wealth of information they know about me and you to deliver new services and generate revenue by selling this data to others.
These powerful documents, demanding the utmost secrecy, are being required of anyone associated with the homes of a small but growing number of tech executives, according to real estate agents, architects and contractors. Sometimes the houses themselves are bought through trusts or corporate entities so that the owners’ names are not on public deeds.
HOLY MACRO!