http://www.huffingtonpost.com/2012/06/13/obama-trade-document-leak_...

 

"the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises"

 

"The newly leaked document is one of the most controversial of the Trans-Pacific Partnership trade pact. It addresses a broad sweep of regulations governing international investment and reveals the Obama administration's advocacy for policies that environmental activists, financial reform advocates and labor unions have long rejected for eroding key protections currently in domestic laws."

 

 

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News like this doesn't surprise me really. Says a lot about politics nowadays.

"Speaking to the environmental concerns raised by the leaked document, Margrete Strand Rangnes, Labor and Trade Director for the Sierra Club, an environmental group said,

"Our worst fears about the investment chapter have been confirmed by this leaked text ... This investment chapter would severely undermine attempts to strengthen environmental law and policy."

"Basic public health and land-use rules would be subject to challenge before an international tribunal, as would bank regulations at capital levels that might be used to stymie bank runs or financial crises. The IMF has advocated the use of such capital controls, which would be prohibited under the current version of the leaked trade pact. Although several countries have proposed exceptions that would allow them to regulate speculative financial bets, the U.S. has resisted those proposals, according to Public Citizen."

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