Online:
Visits:
Stories:
Profile image
By Citizens For Legitimate Government
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Why Does Obama Want This Trade Deal So Badly?

Monday, June 15, 2015 8:16
% of readers think this story is Fact. Add your two cents.

(Before It's News)

A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order

Why Does Obama Want This Trade Deal So Badly? | 11 June 2015 | …More substantive objections to the Trans-Pacific Partnership have emerged from senators and representatives, who are now allowed, under strictly controlled conditions–in a guarded basement room under the Capitol, with no note-taking–to read drafts of the eight-hundred-page agreement. Senator Elizabeth Warren has criticized its provisions for “investor-state dispute settlement.” I.S.D.S. allows corporations to sue governments over laws that may adversely affect “expected future profits.” Environmental regulations, public-health measures, and even minimum-wage laws can be challenged under I.S.D.S., which is already a feature of many trade agreements. A Swedish power company is currently suing Germany, seeking $4.6 billion in damages, because of steps Germany is taking to phase out nuclear power, and Philip Morris is suing to prevent Uruguay and Australia from implementing policies to reduce smoking. Under the T.P.P., the international tribunals that would hear such cases would not, according to Warren, be staffed by judges but by a rotating cast of corporate lawyers.



Source:

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.