Tag: World Bank

Cashing Out From the Climate Casino

BILL MCKIBBEN – It’s hard to be optimistic about climate action, not in a week when federal scientists reported that “the Arctic shows no sign of returning” to the “reliably frozen region of recent past decades.” Not in a month when California’s wildfires show every sign of burning straight through Christmas. And not in a moment when the federal government keeps scrubbing basic climate information from its websites. But something big is starting to shift.

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?

Food Official: Land Grabs in Africa Like the “Wild West”

MARK TRAN – Amid warnings that land deals are undermining food security, the head of the UN’s Food and Agriculture Organisation (FAO) has compared “land grabs” in Africa to the “wild west”, saying a “sheriff” is needed to restore the rule of law. José Graziano da Silva, the FAO’s director general, conceded it was not possible to stop large investors buying land, but said deals in poor countries needed to be brought under control.

Obama Touts Transparency but Negotiates Secret Trade Deal

LORI WALLACH – On Sept. 6, as President Barack Obama promised jobs and transparency in his Democratic National Convention acceptance speech, his top trade officials were cloistered in conditions of extreme secrecy at the Lansdowne resort in Leesburg, Va., negotiating a massive “trade” agreement that will promote more U.S. job offshoring and ban Buy American procurement preferences.

‘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.

Honduras: A Sty in the Eye of the Obama Regime

IAN HARRIS – Honduras has for a long time been a “banana republic” controlled by U.S. interests. With the lowest per capita income in Central America, but with a strong military, Honduras in the 80s was viewed as a “U.S. surrogate” in the region, providing a base for counter-insurgency operations especially in Nicaragua. The Central American Free Trade Agreement (CAFTA) signed in 2005 further cemented U.S. economic influence with Honduras.