Tag: International Monetary Fund

What is Really Going on in China?

MEL GURTOV – Will the real China please stand up? In the US media, most stories about China raise questions that amount to threat-mongering. How can China’s “aggressiveness” in the South China Sea be stopped? Is China forming a new alliance with Putin’s Russia? Has China hacked its way into the most sensitive US industrial and military secrets? Is China on the verge of displacing the West from Africa and even Latin America? Are the Chinese about to become a military rival of the US in terms of naval and air power?

Controversial Trade Deal’s Text Leaked by Wikileaks

JONATHON TASINI – This is an advanced January 2015 version of the confidential draft treaty chapter from the Investment group of the Trans Pacific Partnership (TPP) talks between the United States, Mexico, Canada, Australia, Malaysia, Chile, Singapore, Peru, Vietnam, New Zealand and Brunei Darussalam. The treaty is being negotiated in secret by delegations from each of these 12 countries, who together account for 40% of global GDP. The chapter covers agreements on investments from one TPP nation to another, including empowering foreign firms to “sue” other states’ governments, as well as regulations around investor-state dispute settlements and tribunals. This document was prepared by TPP investment chapter negotiators in advance of the informal round of negotiations held in New York City 26th January to 1st February, 2015.

‘Black Hole’ Hides Trillions in Ill-Gotten Gains

F. BRINLEY BRUTON – Thanks to lax international tax rules the world’s super rich have siphoned at least $21 trillion — more than 50 percent larger than the entire U.S. economy — into secretive tax-free havens, according to a study by UK campaign group Tax Justice Network. According to the study, the world’s top 50 private banks managed more than $12.3 trillion in 2010 in off-shore financial assets, up from $7.5 trillion five years earlier.