Tag Archives: losses

Does money matter more than your life? Corporations prepare lawsuits against countries over Covid-19 protections


Remember the fuss over the Transatlantic Trade and Investment Partnership (TTIP)? No?

Let me tell you a story.

Back when the UK was part of the European Union, there was a move to create a trading partnership with the United States, allowing goods to flow between the two power blocs, practically tax free.

But problems arose over a so-called ‘Investor-State Dispute Settlement’ system that would have allowed corporations to prosecute individual nations if they passed laws that – for example – protected citizens from having to buy inferior goods that put their health at risk.

This would have interfered with the corporations’ profits, you see.

The possibility of entering an agreement that gave ultimate power to greedy shareholders rather than national governments that – at least nominally – exist to protect citizens killed the TTIP stone dead.

Now we have evidence of what a good idea this was:

Countries could soon face a ‘wave’ of multi-million dollar lawsuits from multinational corporations claiming compensation for measures introduced to protect people from COVID-19 and its economic fallout, according to a new report.

Researchers have identified more than twenty corporate law firms offering services to mount such cases, which would seek compensation from states for measures that have negatively impacted company profits – including lost future profits.

Measures that could face legal challenges include the state acquisition of private hospitals; steps introduced to ensure that drugs, tests and vaccines are affordable; and relief on rent, debt and utility payments.

Under controversial ‘Investor-State Dispute Settlement’ (ISDS) mechanisms, foreign investors, companies and shareholders are able to sue states directly at obscure international tribunals over a wide range of government actions… in what the researchers describe as “a parallel justice system for the rich”.

This Writer is not aware of the UK being a part of any ISDS procedure, and it is clear that any agreement to take part in one would be an offence against democracy.

Note very carefully that the UK’s Conservative government was very keen to take us into such an agreement with the United States, as part of the EU.

I can only agree with Labour’s John McDonnell…

… and urge that anyone hearing of such lawsuits taking place here in the UK let me know immediately.

Source: Exclusive: Countries to face a ‘wave’ of corporate lawsuits challenging emergency COVID-19 measures | openDemocracy

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Jewish Chronicle to close, with staff redundancies. The quality of UK media has improved

Jewish Chronicle editor Stephen Pollard: I bet he’s not smiling now.

Forgive This Writer if I view this announcement with quiet satisfaction.

The Jewish Chronicle was among the publications that libelled me as an anti-Semite in 2018.

Even after IPSO ruled that it was wrong, editor Stephen Pollard saw fit only to add a line at the end of the story, as it is viewed online, saying that I had protested my innocence.

As a professional reporter, my view is therefore that the JC was not a serious news publication, being used more to promote its bosses’ biases than to present facts.

You have only to examine its campaign of hate against the Labour Party under Jeremy Corbyn to understand why I would take this view.

I see this development as an improvement in the UK media landscape.

And I don’t think I’m alone…

https://twitter.com/natgibbons69/status/1247862053487992832

The bad news is that the papers’ owner, a charitable organisation called the Kessler Foundation, seems to want to find a way to keep the JC going somehow. Let’s hope that doesn’t come to pass.

Some tweeters have professed sympathy for back-office staff, who they hope will find employment with somebody more reputable soon.

As for the reporters and editor… well, it will be interesting to see if any other media organisations employ them, in the sense of knowing what slimy rock they crawl under.

Source: Jewish Chronicle and Jewish News to close and staff laid off | Media | The Guardian

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

https://www.crowdjustice.com/case/mike-sivier-libel-fight/


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If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
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The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook