Financial companies have figured out how to turn a controversial global legal system to their own very profitable advantage. Donald Trump says he’s making a last-minute trip to Mexico today before his speech on immigration. And Chris Brown was arrested for assault with a deadly weapon for allegedly threatening a model with a gun at his LA home.
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Bankers and hedge fund managers have figured out how to turn a secretive global court system into a cash cow.
Investor-state dispute settlement, or ISDS, was designed to promote sustainable economic development — not super-high-risk financial speculation.
But the financial industry is placing high-risk bets in developing nations. And when the bets fall through, the bankers use this special legal forum to sue the whole country for failing to protect their investment, leaving taxpayers to foot the bill.
This is part of an explosive BuzzFeed News investigation into a secretive global super court that empowers corporations to bend nations to their will.
Officials released the harrowing 911 calls from the Orlando nightclub massacre.
The Orange County Sheriff's Office released the emotional 911 calls Tuesday, providing a window into how family members tried to help those trapped inside the club. Forty-nine people died at Pulse nightclub in the worst mass shooting in modern US history.
Some of the calls came from neighbors and nearby businesses who heard the barrage of gunfire. Others came from friends and relatives who began to receive text messages from people asking for help as gunman Omar Mateen continued the assault.
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Fighting ISIS: US officials are trying to confirm if a senior leader of the group was killed in an airstrike in Syria. An ISIS-affiliated media group announced the death of Abu Muhammad al-Adnani on Tuesday.
Extreme weather: Louisiana residents, still reeling from historic floods earlier this month, now have to fear potentially massive tropical storms. Residents and officials are worried that a hurricane could be catastrophic given the slow pace of recovery from the floods.
Dead or alive? Islam Karimov, the repressive strongman who has led Uzbekistan since before it declared independence 25 years ago, likely died of a brain hemorrhage, but nobody is able to confirm it.
Chris Brown was arrested on suspicion of assaultwith a deadly weapon after a model accused him of pointing a gun at her head during an argument at his home. He was released on $250,000 bail and is due in court on Sept. 20.
In sports: Hope Solo says she’ll no longer play for her professional soccer team, the Seattle Reign, this season. US Soccer suspended her last week. Solo had come under fire for calling her Swedish opponents “cowards” after losing to them in the Olympics.