{"id":128648,"date":"2015-11-08T09:11:59","date_gmt":"2015-11-08T16:11:59","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/2015\/11\/08\/nice-regulatory-structure-if-you-can-get-one.html"},"modified":"2015-11-10T15:41:41","modified_gmt":"2015-11-10T22:41:41","slug":"nice-regulatory-structure-if-you-can-get-one","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2015\/11\/08\/nice-regulatory-structure-if-you-can-get-one.html","title":{"rendered":"Nice regulatory structure, if you can get one"},"content":{"rendered":"

Among the other concerns with the Trans-Pacific Partnership treaty, now before the Senate for an up\/down vote, is that it turns any attempt to regulate the finance industry in a way that arguably reduces its profits into a law suit at an international tribunal.<\/p>\n

'The TPP, a 12-nation pact with countries in Asia and the Americas that requires congressional approval, includes an investor-state dispute settlement (ISDS) system. This allows foreign companies operating in TPP member countries to enforce the agreement without using that country’s court system. Instead, corporations can sue for monetary damages in independent tribunals before corporate lawyers who can rotate between advocating for investors and judging the cases themselves.'<\/i><\/p>\n

While the laws of member states — such as the US — cannot be directly overridden, the tribunals can impose punitive tariffs on countries who are impacting the earnings expectations of financial stockholders.<\/p>\n

Similar provisions for other sorts of companies have been included in previous free trade agreements — including the North American and the Central American ones — and have been abused in just the same way. TPP is the first to add banks and investment firms to the mix.<\/p><\/blockquote>\n

\n
\n
\n<\/a>
\nTPP Trade Pact Would Give Wall Street a Trump Card to Block Regulations<\/a><\/span>
\nFormer Citibank executive Michael Froman, the U.S. trade representative, negotiated a pact that will give Citi and other banks a shot to undermine future financial reforms.\n<\/p><\/blockquote>\n

View on Google+<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Among the other concerns with the Trans-Pacific Partnership treaty, now before the Senate for an up\/down vote, is that it turns any attempt to regulate the finance industry in a way that arguably reduces its profits into a law suit at an international tribunal. 'The TPP, a 12-nation pact with countries in Asia and the … Continue reading “Nice regulatory structure, if you can get one”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_analysis_target_kw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[106,35,10],"tags":[],"class_list":["post-128648","post","type-post","status-publish","format-standard","hentry","category-plusposts","category-big-business","category-geopolitical-brouhaha"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":129052,"url":"https:\/\/hill-kleerup.org\/blog\/2015\/12\/03\/oh-look-another-problem-with-the-trans-pacific-partnership-agreement.html","url_meta":{"origin":128648,"position":0},"title":"Oh, look, another problem with the Trans-Pacific Partnership agreement","author":"***Dave","date":"Thu 3-Dec-15 10:17pm","format":false,"excerpt":"Number 47 in a series of Lotshttps:\/\/www.eff.org\/deeplinks\/2015\/12\/tpp-threatens-security-and-safety-locking-down-us-policy-source-code-auditExecutive Summary: Source code to embedded software cannot, under the TPP, be legally compelled to be revealed, because, well, that would be bad. Or embarrassing. Or might allow competition. Or might help the Chinese (even though they're not in the TPP). Never mind that\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2015\/12\/helm-man-woman5B15D.gifimgmax%3D660.gif?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2015\/12\/helm-man-woman5B15D.gifimgmax%3D660.gif?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2015\/12\/helm-man-woman5B15D.gifimgmax%3D660.gif?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127553,"url":"https:\/\/hill-kleerup.org\/blog\/2015\/08\/19\/hollywood-throws-a-fit-over-fair-use-in-the-trans-pacific-pact.html","url_meta":{"origin":128648,"position":1},"title":"Hollywood throws a fit over Fair Use in the Trans-Pacific Pact","author":"***Dave","date":"Wed 19-Aug-15 6:28pm","format":false,"excerpt":"While giving lip service to accepting and even loving Fair Use provisions of US Copyright Law (which lets someone show, for example, a still photo from a movie in a review of said movie without paying or getting permission from the movie owner), word that the US Trade Representative is\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2015\/08\/copyright__creativity.0075B15D.jpgimgmax%3D660.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2015\/08\/copyright__creativity.0075B15D.jpgimgmax%3D660.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2015\/08\/copyright__creativity.0075B15D.jpgimgmax%3D660.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132635,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/01\/25\/you-cant-make-policy-without-torquing-off-some-supporters.html","url_meta":{"origin":128648,"position":2},"title":"You can't make policy without torquing off some supporters","author":"***Dave","date":"Wed 25-Jan-17 11:48am","format":false,"excerpt":"I happen to agree with Trump (yes, it can happen) that the Trans-Pacific Partnership (TPP) was not a good deal, though I'm not sure if our reasons align. Nonetheless, there's a certain bittersweet glee in seeing a major group of Trump voters ticked off because Trump's doing something against their\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132620,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/01\/23\/executive-orders-are-patriotic-again.html","url_meta":{"origin":128648,"position":3},"title":"Executive Orders are Patriotic Again!","author":"***Dave","date":"Mon 23-Jan-17 1:06pm","format":false,"excerpt":"And on this morning's hit parade:1. Ditching the Trans-Pacific Partnership -- Which will have some Trump supporters of a business ilk grinding their teeth, and some Trump opponents who hated the TPP grinding theirs. This was one where there was no easy answer, but net-net I'm just as glad to\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30031,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/08\/30\/a-facade-of-public-participation.html","url_meta":{"origin":128648,"position":4},"title":"A facade of public participation","author":"***Dave","date":"Thu 30-Aug-12 6:20am","format":false,"excerpt":"Involving the public does not mean taking a break from your lengthy secret negotiations for a day to let various public interest groups present truncated Powerpoint decks in a variety of rooms on a treaty they haven't seen official documents about, before heading back to the secret negotiations that include\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41912,"url":"https:\/\/hill-kleerup.org\/blog\/2014\/05\/02\/amazing-how-absolute-secrecy-spawns-ignorance-and-conspiracy-theories.html","url_meta":{"origin":128648,"position":5},"title":"Amazing how absolute secrecy spawns ignorance and conspiracy theories","author":"***Dave","date":"Fri 2-May-14 1:28pm","format":false,"excerpt":"Who'd've thunk?Reshared post from +Alex ScrivenerUm. You know why those complaining may \"lack knowledge of what is going on in the negotiations\"? Perhaps it's because the USTR -- a part of the Obama White House -- has insisted that the entire negotiations take place in complete secrecy with no transparency\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/128648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=128648"}],"version-history":[{"count":1,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/128648\/revisions"}],"predecessor-version":[{"id":128700,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/128648\/revisions\/128700"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=128648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=128648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=128648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}