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Netflix reveals the speeds of top ISPs around the world | CNET News (Lance Whitney)

March 13, 2013 by Leave a Comment

Is your Internet provider as fast as its rivals? A new Netflix page could provide the answer.

Launched today, the site’s ISP Speed Index page displays the performance of certain ISPs in the U.S., the U.K., Ireland, Mexico, Norway, Sweden, Denmark, and Finland. As such, it doesn’t cover the entire world but simply those countries where Netflix is available.

In the U.S., Google Fiber took the top spot with an average speed of 3.35 megabits per second. Cablevision’s Optimum service was No. 2 with a speed of 2.35Mbps, followed by Suddenlink, Cox, and Verizon Fios. Rounding out the bottom of the U.S. list were AT&T’s DSL, Verizon’s DSL, and Clearwire.

Google Fiber also proved the fastest around the world, followed by Sweden’s Ownit with an average speed of 2.99Mbps. Finland offers Netflix subscribers the highest speed on average, while Mexico ranked the lowest.

via Netflix reveals the speeds of top ISPs around the world | Internet & Media – CNET News.

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Lawyers, companies set to profit from huge growth in global arbitration against Canadian government

December 4, 2012 by Leave a Comment

The number of potentially costly lawsuits filed by foreign firms against the Canadian government is expected to rise with the pending ratification of investor-protection agreements between Canada and two of the world’s three largest economies.

These deals with China and the European Union will, in turn, further amplify the booming business of investor-state dispute arbitration that has soared 12-fold since the 1990s, according to a new report.

There are thousands of bilateral agreements around the world, including more than two dozen involving Canada, and they generally prohibit governments from discriminating against foreign firms and/or expropriating property without legal due process and fair compensation.

Investor-state arbitrations involve a panel of three individuals — one appointed by the state, another by the investor, and a third agreed to by both parties — who determine whether a government has violated the terms of investor-protection agreements.

Canadian taxpayers have already shelled out $157 million in penalties or settlements, not including hefty legal fees, as a result of lawsuits launched using investor-rights protections written into the 1994 North American Free Trade Agreement with the U.S. and Mexico.

via Lawyers, companies set to profit from huge growth in global arbitration against Canadian government.

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Wal-Mart tells two Congressmen probe expands beyond Mexico | CNN (Aaron Smith)

June 13, 2012 by Leave a Comment

Wal-Mart is expanding an investigation of alleged corrupt business practices beyond Mexico to other nations, including China, according to two Democratic congressmen.

Rep. Henry Waxman of California and Rep. Elijah Cummings of Maryland, ranking members of two House committees, said the retailer’s outside counsel was retained to look into anti-corruption policies and operations in Brazil and China, as well as Mexico.

via Wal-Mart tells two Congressmen probe expands beyond Mexico – Jun. 13, 2012.

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California pension fund sues Wal-Mart execs over alleged Mexico bribery | WTVR/CNN (Michael Martinez)

May 5, 2012 by Leave a Comment

(CNN) – The California State Teachers’ Retirement System has filed a derivative action lawsuit against current and former Wal-Mart executives and board members for the firm’s alleged bribery in Mexico and a subsequent corporate coverup, the system said Friday.

A derivative action is a lawsuit brought by shareholders on behalf of a company against a third party, and the California entity, which is the second-largest U.S. public pension fund, holds more than 5.3 million shares of Wal-Mart, valued at more than $313.5 million as of Tuesday, according to the fund and its lawsuit.

via California pension fund sues Wal-Mart execs over alleged Mexico bribery | WTVR.com – Richmond News & Weather from WTVR Television CBS 6.

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At Wal-Mart in Mexico, a Bribe Inquiry Silenced – NYTimes.com (David Barstow)

April 22, 2012 by Leave a Comment

In September 2005, a senior Wal-Mart lawyer received an alarming e-mail from a former executive at the company’s largest foreign subsidiary, Wal-Mart de Mexico. In the e-mail and follow-up conversations, the former executive described how Wal-Mart de Mexico had orchestrated a campaign of bribery to win market dominance. In its rush to build stores, he said, the company had paid bribes to obtain permits in virtually every corner of the country.

The former executive gave names, dates and bribe amounts. He knew so much, he explained, because for years he had been the lawyer in charge of obtaining construction permits for Wal-Mart de Mexico.

Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million. They also found documents showing that Wal-Mart de Mexico’s top executives not only knew about the payments, but had taken steps to conceal them from Wal-Mart’s headquarters in Bentonville, Ark. In a confidential report to his superiors, Wal-Mart’s lead investigator, a former F.B.I. special agent, summed up their initial findings this way: “There is reasonable suspicion to believe that Mexican and USA laws have been violated.”

The lead investigator recommended that Wal-Mart expand the investigation.

Instead, an examination by The New York Times found, Wal-Mart’s leaders shut it down.

via At Wal-Mart in Mexico, a Bribe Inquiry Silenced – NYTimes.com.

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