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Deirdre Fulton – How ISDS Is a Playground for the Ultra-Wealthy, Corrupt, and Criminal

ew reporting this week further exposes how Investor State Dispute Settlement, or ISDS—a legal system enshrined in thousands of global treaties, including the pending Trans Pacific Partnership (TPP)—empowers corporations and rich investors at the expense of citizens and democracy. Under the ISDS framework, as Common Dreams has reported, multinationals are granted a parallel legal system through which they can sue governments, and therefore …

Opponents of the Trans Pacific Partnership (TPP) trade agreement protest outside of the White House in Washington February 3, 2016.  REUTERS/Gary Cameron

David Dayen – The Big Problem With The Trans-Pacific Partnership’s Super Court That We’re Not Talking About

A secretive super-court system called ISDS is threatening to blow up President Barack Obama’s highest foreign policy priority. Investor-state dispute settlement — an integral part of the Trans-Pacific Partnership trade deal — allows companies to sue entire countries for costing them money when laws or regulations change. Cases are decided by extrajudicial tribunals composed of three corporate lawyers. Buzzfeed, in …

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Andrea Germanos – Stiglitz Blasts ‘Outrageous’ TPP as Obama Campaigns for Corporate-Friendly Deal

Nobel Prize-winning economist Joseph Stiglitz has reiterated his opposition to the Trans Pacific Partnership (TPP), saying on Tuesday that President Barack Obama’s push to get the trade deal passed during the upcoming lame-duck session of Congress is “outrageous” and “absolutely wrong.” Stiglitz, an economics professor at Columbia University and chief economist of the Roosevelt Institute, made the comments on CNN‘s …

Karen Hansen-Kuhn – Building alternatives for food systems and trade

Public opposition to free trade agreements, like the Trans-Pacific Partnership (TPP), that serve to increase inequality and concentrate corporate power has reached a loud crescendo. We got to this point through years of effort by thousands of civil society groups around the world, reaching out to educate people on the likely impacts of the very specific rules embedded in those …

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Paul Craig Roberts – How Long Can Economic Reality Be Ignored?

Trump and Hitlery have come out with the obligatory “economic plans.” Neither them nor their advisors, have any idea about what really needs to be done, but this is of no concern to the media. The presstitutes operate according to “pay and say.” They say what they are paid to say and that is whatever serves the corporations and the …

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Paul Craig Roberts – THE DEMOCRATIC PARTY NO LONGER EXISTS

The Democratic Party that once was concerned with workers’ rights, the elderly, civil rights, and the constitutional protections of America liberty no longer exists. As the just completed Democratic presidential primaries and the Democratic presidential convention have clearly demonstrated, the United States now has two Republican parties in service to the One Percent. The organized Democrats–the Democratic National Committee–have shown …

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Pam Martens and Russ Martens – Wikileaks Emails Bring New Attention to Hillary Victory Fund “Money Laundering” Charges

The problem with conspiracy theorists is that, quite frequently, the theorists lack adequate imagination. That seems to be the case when it comes to the Democratic National Committee’s behind-the-scenes machinations to muscle Hillary Clinton into the White House while plotting against her main challenger, Bernie Sanders. That conclusion stems from the trove of 20,000 DNC emailsdumped into the public sphere by Wikileaks last …

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Thomas Palley – Betrayed Again, This Time By Unconvincing Arguments For The TPP

Voters of all stripes have recognized the Trans-Pacific Partnership (TPP) as another betrayal of working people, and they have resoundingly rejected it. Despite that, President Obama continues to push it, to the extent of possibly seeking passage in a “lame duck” session of Congress. President Obama’s pushing of the TPP is recklessly irresponsible politics that benefits Donald Trump, who is …

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Nick Beams – Economic conflicts threaten global trade war

The ongoing stagnation in the global economy, marked by falling investment and the emergence of overproduction in key basic industries, is fuelling the rise of trade war protectionist measures by the major powers, above all the United States. Last week, the US International Trade Commission (ITC) launched an investigation into Chinese steel mills which have been accused by the United …

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MURRAY DOBBIN – Are We Witnessing the Beginning of the End of Globalization?

At the height of the battle over the Canada-US Free Trade Agreement (FTA) the biggest pushers of the deal, the Business Council on National Issues (the 160 largest public corporations) took out full page ads promising the country it would bring “more jobs, better jobs.” It was intended to counter the effective campaign of opponents who warned Canadians that tens …