If peoples of different nations, not just transnational corporations, have a say in multilateral trade treaties like the TPP and TTIP, what provisions would be prominently featured?
While it is indeed comforting to learn that Uruguay has won its ISDS arbitration case against Philip Morris, a deeper, more fundamental question remains unanswered.
With Brexit serving as the catalyst, Season 2 of the European banking crisis may be about to unfold.
In light of the recent bank bail-in legislation introduced by the Canadian government, here’s an update on how much the big 5 Canadian banks are exposed to derivatives, those toxic financial instruments of mass destruction which blew up the financial world in 2008 had it been not for the governments using massive public money to bail out the private banks.
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Under the country’s prior military dictatorship, Australian Newcrest Mining plus 12 other companies were granted ‘exemptions’ from Indonesia’s law banning environmentally destructive form of mining in protected forest areas. When the newly democratized country tried to enforce the rule, the companies threatened to sue under ISDS. Officials did the math …
A very comprehensive look at the history of ISDS from GATT to NAFTA.
this interview with oil expert Art Berman is a must-listen for those who want a better understanding of the macro drivers of oil prices.
This article exposes yet another toxic element of ISDS – how it is used by executives of transnational convicted of crimes escape punishment.
125,000 Germans joined the largest yet filed against CETA (Canadian version of TTIP).
According to the UN, 35% of all ISDS cases in which corporations are suing governments are related to climate change. In 2014, half of the new ISDS cases targeted policies affecting oil and gas extraction, mining, or power generation.
Under the cover of market turbulance as a result of Brexit, Italy/EU injected €40 into its banking secor and also tossed in a €150 billion (US $166 billion) of guarantees in their latest effort in preventing a bank run on Italian banks.
European Banks Get Crushed, Worst 2-Day Plunge Ever, Italian Banks to Get Taxpayer Bailout, Contagion Hits US Banks
Two days of breathtaking losses for the European banking shares after Brexit clearly shows the fragility of the banking sector there. Brexit is just one of the many possible triggers causing another banking crisis to flare-up.
Following the footsteps of South Africa and Bolivia, India is the next country trying to re-negotiate or cancel a large number of treaties with ISDS provisions.
The time of re-introducing Glass-Steagall to separate commercial and investment banking has long passed, but it is still not too late.