Seems they have all missed something
The bottom line is that the European equivalent of the Supreme Court has ruled that the current systems breach folks' constitutional rights in Europe. Any agreement, whether the European and US executive branches or the companies like it or not, has to address that issue to succeed.
If the US government is saying the entire planet is, however, under American law, perhaps they should give about another seven billion people citizenship and a vote.
And the companies - their lawyers must have seen this coming years ago and they did nothing. I guess a billion dollars a day in fines will concentrate minds wonderfully on a restructure to cover the situation. Not very difficult, European subsidiary owns servers in Europe ...
Biting the hand that feeds IT
