Wall Street to Screw Puerto Rico Schools, Workers; Trade Rep Wall St. Ties; Dispute Shows Trade Deal Risks
Wall Street’s Solution to Puerto Rico Debt Crisis? Shutter Schools, Fire Workers. Hedge fund managers and bondholders are pressing the government of Puerto Rico to drive through a series of punishing austerity measures, including dramatic cuts to public education and workers’ rights protections.
Group Seeks to Expose Cozy Ties Between US Trade Rep and Wall Street. Citing his cozy ties to Wall Street banks, a group dedicated to exposing corruption and corporate influence in Washington, D.C. has submitted an official Freedom of Information Act (FOIA) request for all correspondence between U.S. Trade Representative Michael Froman and the 10 largest U.S. financial institutions.
European Mining Dispute Illustrates Risks of Corporate-Friendly Trade Deals. Offering a stark warning of how corporate-friendly trade pacts like the TransAtlantic Trade and Investment Partnership (TTIP) put both democracy and the environment at risk, a Canadian company is seeking damages from Romania after being blocked from creating an open-pit gold mine over citizen concerns.
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