EU May Forbid the Transfer of Personal Data To the US
An anonymous reader writes: As the Snowden revelations have shown, personal data stored in the United States of America is not protected from the US government, be it through warrantless eavesdropping or national security letters. In light of this, the general attorney for the Court of Justice of the European Union has just issued an opinion requiring the US to be removed from the list of "safe harbors", where the transfer of personal data of European citizens is permitted. If the court follows his opinion, the change will have deep impact in the operations of large transnational Internet companies, between a US government that wants to keep on spying, and European authorities that will punish them if they let it happen.
The US needs to wake up to the fact that it doesn't set policy for the world, and that other jurisdictions have their own laws and regulations that US companies have to abide by if they want to do business there.
Enough with jackboot "treaties" that the US doesn't even try to abide by after signing them. :(
I do not fail; I succeed at finding out what does not work.
Or
US corporation stay within the USA, missing out on doing business with 96% of the worlds population.
At one point the USA made up about 60% of the worlds GDP, that meant doing business with the US.
Now the US is about 1/3 of the worlds GDP, meaning more money can be made dealing with everyone else.
The US is no longer able to dictate to the world, and that scares US politicians shitless, they don't know how to behave when not in charge.