The barb in trade agreements' tail is the Investor State Dispute Settlement (ISDS) system, which lets companies sue governments to repeal rules that interfere with their profitability. It's let tobacco giants fight anti-smoking campaigns, and now it's letting fisheries attack rules aimed at preventing the wholesale slaughter of dolphins.
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The WTO agreement is supposed to guarantee level playing fields for its member states, allowing each to sell into the others' markets. But US law bans online gambling, which is the major export from Antigua. Antigua has been going back and forth with the USA in trade court since 2003, and now the WTO has agreed that the US has violated its treaty obligations. By way of reparations, the WTO has given Antigua permission to set up a kind of legal pirate market, where American copyrighted works can be sold without permission or royalties. The initial ruling came in 2007, and was affirmed on Monday. Antigua has announced plans for a site for downloading US software, music and movies.
Antigua’s Finance Minister Harold Lovell said in a comment that the U.S. left his Government no other option than to respond in this manner. Antigua’s gambling industry was devastated by the unfair practices of the U.S. and years of negotiations have offered no compromise.
“These aggressive efforts to shut down the remote gaming industry in Antigua has resulted in the loss of thousands of good paying jobs and seizure by the Americans of billions of dollars belonging to gaming operators and their customers in financial institutions across the world,” Lowell says.
“If the same type of actions, by another nation, caused the people and the economy of the United States to be so significantly impacted, Antigua would without hesitation support their pursuit of justice,” the Finance minister adds.
Antigua’s Legal “Pirate Site” Authorized by the World Trade Organization [Ernesto/Torrentfreak]
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This weekend, Silicon Valley's premier convention venue is hosting a job fair -- for people who want to work in India:
A job fair at the San Jose Convention Center this weekend is focused on helping companies recruit Indian workers who may in the U.S. on a visa by informing them about the professional and economic opportunities back home.
Organizers also stressed that the job fair is also open to anyone who is interested in working in India.
Among the companies involved in the job fair are: Flipkart, an Indian online shopping company; consulting firm Accenture; and Amazon.com, which runs development centers in Indian cities.
Others include: McAfee, which is now part of Intel; SmartPlay Technologies, an Indian semiconductor firm; InfoTech Enterprises, an Indian engineering design firm; Indian manufacturing firm Jindal Steel & Power; Tata Motors; San Jose-based Synapse Design; and UST Global, an IT services firm.
Looking for work? Here's a job fair touting tech openings in India
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Many American rustbelt cities are contracting radically as we enter the second decade of life in a WTO world, where industrial production has moved to China, India, and other developing nations. This has created a new kind of American ghost-town, on the outskirts of once-thriving midwestern cities -- or, in the worst cases, in pockets right in the middle of town. David Tribby has documented some of the ruined areas of Gary, IN in a book called Gary Indiana | A City's Ruins
. Dark Roasted Blend has a gallery of some of the photos from Tribby's book, along with a potted history of the town's rise and fall.
Gary, Indiana, back then, was still a good place, a productive place. Founded in 1906, it was a gleaming city built of, and because of, steel. Quite literally, in fact; while other cities may have been at the intersections of trails or roads, rivers and rivers, or where sea met land, Gary was built by and for U.S. Steel and even christened for that corporation's founder.
Exploring the Ruins of Gary, Indiana
For decades, Gary was as tough and resilient as the metals it produced. It survived the Great Depression, it fought off the war years, and it forged and pressed through the 1950s. But during the 1960s, its gleaming life's blood—steel—proved to be its undoing when the industry began to wane, then almost totally collapse, due to cheaper manufacturing overseas.
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