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The World Bank receives more from developing countries than what it disburses to them says a new report released Tuesday as finance ministers endorsed a controversial new Bank plan to tackle corruption in developing countries.
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 This week, the International Monetary Fund will be holding its annual meeting in Singapore. No doubt, the economic restructuring and forced leveraging of Iraq will be a key component of talks surrounding the meeting. In these past few months, free trade zones have been established along the borders with Syria and Iran; foreign investment laws have been vetted and approved; and laws governing investment in the oil sector have been drafted and introduced. Iraq continues to move forward in implementing conditions imposed upon it through the Stand By Arrangement with the International Monetary Fund (IMF) in December of 2005. While the command economy established under Saddam Hussein's regime was unsustainable, it is also highly probable that the benefits of the economic restructuring under way at present will accrue to the benefit of an elite segment of Iraq and of the international community. It is improbable that ordinary Iraqi citizens will be the beneficiaries of these changes. |
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21st September 2006 - Hugo Chavez
Representatives of the governments of the world, good morning to all of you. First of all, I would like to invite you, very respectfully, to those who have not read this book, to read it. Noam Chomsky, one of the most prestigious American and world intellectuals, Noam Chomsky, and this is one of his most recent books, 'Hegemony or Survival: The Imperialist Strategy of the United States.'" [Holds up book, waves it in front of General Assembly.] "It's an excellent book to help us understand what has been happening in the world throughout the 20th century, and what's happening now, and the greatest threat looming over our planet. |
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 Britain's leading scientists have challenged the US oil company ExxonMobil to stop funding groups that attempt to undermine the scientific consensus on climate change.In an unprecedented step, the Royal Society, Britain's premier scientific academy, has written to the oil giant to demand that the company withdraws support for dozens of groups that have "misrepresented the science of climate change by outright denial of the evidence". The scientists also strongly criticise the company's public statements on global warming, which they describe as "inaccurate and misleading". |
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You’d think George Bush would get down on his knees and kiss Hugo Chávez’s behind. Not only has Chávez delivered cheap oil to the Bronx and other poor communities in the United States. And not only did he offer to bring aid to the victims of Katrina. In my interview with the president of Venezuela on March 28, he made Bush the following astonishing offer: Chávez would drop the price of oil to $50 a barrel, “not too high, a fair price,” he said—a third less than the $75 a barrel for oil recently posted on the spot market. That would bring down the price at the pump by about a buck, from $3 to $2 a gallon. But our President has basically told Chávez to take his cheaper oil and stick it up his pipeline. Before I explain why Bush has done so, let me explain why Chávez has the power to pull it off—and the method in the seeming madness of his “take-my-oil-please!” deal. Venezuela, Chávez told me, has more oil than Saudi Arabia. A nutty boast? Not by a long shot. In fact, his surprising claim comes from a most surprising source: the U.S. Department of Energy. In an internal report, the DOE estimates that Venezuela has five times the Saudis’ reserves. |
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18th September 2006, Chase Squires, AP Ten Nobel Peace Prize laureates called for world peace Saturday and took direct aim at the United States, asking an enthusiastic crowd of 7,000 youth to demand the U.S. pull back its military, spread its wealth and offer aid to developing countries. |
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15th September 2006, Jim Lobe, IPS More than 43 million children living in conflict-affected countries are not able to attend school, according to a new report released Tuesday by the International Save the Children Alliance, which called on donor countries and multilateral agencies to commit 5.8 billion dollars a year to address the problem. |
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15th September 06, Bianca Jagger, Guardian (UK)
Those Who Oppose the Proposed UN Arms Treaty Could Derail a Chance to Save Millions of Lives. |
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A leading U.S. climate researcher said Wednesday the world has a 10-year window of opportunity to take decisive action on global warming and avert a weather catastrophe.
NASA scientist James Hansen, widely considered the doyen of American climate researchers, said governments must adopt an alternative scenario to keep carbon dioxide emission growth in check and limit the increase in global temperatures to 1 degree Celsius (1.8 degrees Fahrenheit).
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 Financial markets have failed to price in the risk that any one of a host of threats to economic stability could materialise and deliver a massive shock to the world economy, the International Monetary Fund warned yesterday.
The world's chief financial watchdog said the financial system had so far proved resilient in the face of recent price falls but warned the risk of a crash had increased. And when it comes to worrying about a crash in the financial markets that could deliver a body blow to the world economy, it seems that all roads lead to the US.
The IMF highlighted five major risks, all but one of which can be attributed to a greater or lesser extent to the economy and foreign policies of the US administration. Not that the politically savvy IMF phrases it exactly like that.
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