“The Honduran Supreme Court has ruled unconstitutional a project to build privately-run cities, with their own police and tax system. The ‘model cities’ project was backed by President Porfirio Lobo, who said it would attract foreign investment and create jobs. By 13 votes to one, Supreme Court judges decided that the proposal violated the principle of sovereignty. An American company was expected to invest US$15m in the initial phase of construction of the first city, on the Caribbean coast. The inspiration for his ‘model cities’ were Singapore, Macao and Hong Kong, President Lobo said.”
http://www.bbc.co.uk/news/world-latin-america-19999536
Related posts:
Onerous ATF rules threaten to put gun dealers out of business
China warns US to 'stop manufacturing crises' and raise debt ceiling
Polish PM laments opinion impasse keeping Poland out of Eurozone
S.C. mom jailed, facing prison for letting daughter play alone in park
Cocaine Sales, Prostitution Will Now Be Counted Into Italy's GDP
PBS: It's No Bubble - Why We Should All Give Bitcoin a Chance
Top ten celebrity expats living in Switzerland
Alberta woman willing to trade $1-million property for Bitcoins
U. of California economist says real US debt $70 trillion, not $16 trillion
Supreme Court Rejects NRA’s Bid to Block Sunnyvale Gun Law
Police spies slept with, abandoned female targets on taxpayer dime
Saudi Arabia developing all-woman cities
IMF OK With Capital Controls, Inflationists Shrug
Congress to 'fight' 0.1% of massive Trump Saudi arms deal
British Island of Alderney Looking to Mint Physical Bitcoins