
“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:
Team Trump Will Not Sanction Russian Bonds After All
India pushes 'shock and awe’ currency plan to save BRICS
Jack Lew’s “Extraordinary Measures” on Debt Just “Cooking the Books”
Woman released after protesting sentences for kidnappers that forced her daughter into prostitution
Detroit police's simulated purse snatching goes awry
What My 6-Year-Old Son and I Endured in Family Detention
Gold rush 2013 style has Dubai scrambling
German Constitutional Court Rejects Calls to Block ESM Fund
Malaysian bloggers and politicians team up for ‘Internet blackout’
Did a hacker really make a plane go sideways?
As Thieves Troll Spanish Farmland, Villagers Begin Patrols
Philly narcs face lawsuit by victim of drug raid on auto shop
IRS looking at Lindsay Lohan's cash appearance payments
Police Officers Selling Freedom for Cash
Stephen Pair: BitCoin Economy