Category Archives: Latest Developments

A daily summary of news and analysis pertaining to global inequality.

Latest Developments, May 1

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US in Mali
The Washington Post reports that the US has sent “a small number” of troops to Mali despite earlier promises not to do so:

“About 10 U.S. military personnel are in Mali to provide ‘liaison support’ to French and African troops but are not engaged in combat operations, said Lt. Col. Robert Firman, a Pentagon spokesman. Twelve others are assigned to the U.S. Embassy in Bamako, the capital, he added.
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Since the coup, there have been signs that some U.S. Special Operations forces have been deployed to Mali on undeclared missions. In April 2012, three U.S. soldiers were killed in a mysterious car crash in Bamako.
Last month, Rep. John Kline (R-Minn.) suggested that U.S. commandos were ‘taking action’ in Mali.”

Medical reinforcements
The BBC reports that the US has sent additional medical staff to its Guantanamo Bay prison to deal with a growing hunger strike among detainees:

“About 40 nurses and other specialists arrived at the weekend, camp spokesman Lt Col Samuel House said.
He said that 100 of 166 detainees were now on hunger strike, with 21 of them being force-fed through a tube.
The inmates are protesting against their indefinite detention. Most are being held without charge.”

As open as they want to be
Platts reports that Switzerland’s commodity traders are pushing the Swiss government to water proposed “transparency requirements” down to mere “voluntary principles”:

“The Swiss government has said it is at risk of reputational damage in the international community because of its role as a commodity trading hub, and in May last year set up an interdepartmental “platform” comprising the Swiss finance, foreign and economy departments to examine the role of commodity trading in the country.
Switzerland is home to the world’s biggest oil and other commodity trading houses, including oil traders Vitol, Glencore, Trafigura, Mercuria and Gunvor.”

Taking responsibility
Reuters reports that the UK’s Primark and Canada’s Loblaw have become the first two Western retailers to promise compensation for the families of victims of the collapsed garment factories that killed nearly 400 in Bangladesh last week:

“The collapsed complex housed a number of factories that made clothing for Western brands.
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Loblaw has said it regularly conducts audits to ensure its garments are manufactured responsibly, but focuses on labor practices and not building construction.
Loblaw said it would issue updates as it developed details of its compensation plan.
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Primark, owned by FTSE 100 company Associated British Foods , said on Monday that it was working with a local NGO to help victims of the disaster.
It pledged to provide long-term aid for children who lost parents, financial aid for the injured and payments to families of the victims.”

Swelling protests
The Globe and Mail reports that Canadian mining company Eldorado has triggered “something akin to civil war” in northern Greece:

“The first mobilizations against the expansion of the old mines in the Halkidiki peninsula, the birthplace of Aristotle in northeastern Greece, began in late 2011. That’s when Vancouver’s Eldorado Gold Corp. grabbed most of the local mining industry and unveiled plans for a €1-billion ($1.32-billion) development that would turn the recession-stricken region into a gold-producing powerhouse.
But development skeptics asked: At what cost to the environment, tourism and agriculture? They concluded that the massive project, smack in the middle of a part of Greece that could pass for Tuscany, would do more harm than good and took to the streets. ‘To live, you need, air, soil and water,’ explains Nina Karina, 50, an artist who opposes Eldorado. ‘This investment takes away all three from us.’ ”

NGO paradox
Plain Sense’s Fairouz El Tom argues that many of the world’s top 100 NGOs have a board make-up at odds with their stated mission:

“In different ways, the NGOs surveyed promote ideals of justice and social progress. Yet over half have board members who are affiliated with companies that invest in, or provide legal, marketing, or other services to the arms, tobacco and finance industries.”

Killing in the name
The New Yorker’s Steve Coll reviews two new books on ‘the return of Presidentially sanctioned assassinations’:

“But [Anwar] Awlaki’s case, troubling as it may be, raises a broader issue: the Administration’s refusal to disclose the criteria by which it condemns anyone, American or otherwise, to death. The information used in such cases is intelligence data rather than evidence; it is not subject to cross-examination or judicial review. Unanswered questions abound. Does the President require that intelligence used to convict a terror suspect in absentia be based on multiple sources, or is one sufficient? Must intercepts, photographs, or credible firsthand testimony be obtained, or can people be executed on the basis of hearsay from paid informants? How directly involved in violence must an individual be to receive a death sentence? At what point does a preacher’s hate speech warrant his being killed?”

Inflated claims
The Guardian reports on a new study that suggests aid figures reported by donor countries are “a very different thing” from the resources they actually transfer:

“Some donors, including Japan and Germany, receive hundreds of millions of dollars each year in interest repayments on the loans they give, said DI. In total, ‘if interest repayments are taken into account, the net resource flows associated with global [official development assistance] are approximately $5bn per annum lower than the reported total net ODA figure suggests,’ said a DI discussion paper this month.
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Net ODA figures subtract repayments made by recipients, but, according to current OECD rules, only account for principal repayments. Instead, interest repayments are recorded only as a memo item in OECD statistics.”

Latest Developments, April 26

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Into Africa
Stars and Stripes reports that the US is sending 550 marines to Spain to serve as an Africa-focused “crisis reaction force”:

“[Marine Commandant Gen. James Amos] said the unit, which will serve the needs of U.S. Africa Command boss Gen. David Rodriguez, also could eventually be repositioned on the African continent if U.S. diplomatic officials make such an arrangement.
‘Right now, they’re temporarily going to Morón, Spain, as a placeholder,’ Amos said during testimony before the Senate Appropriations Committee. ‘I think they are going to move sometime. It wouldn’t surprise me to find them moving around the African continent.’ ”

Calling a spade a spade
The CBC reports that former Canadian prime minister Paul Martin has said that the country’s residential schools made “use of education for cultural genocide”:

“The residential school system existed from the 1870s until the 1990s and saw about 150,000 native youth taken from their families and sent to church-run schools under a deliberate policy of ‘civilizing’ First Nations.
Many students were physically, mentally and sexually abused. Some committed suicide or died fleeing their schools. Mortality rates reached 50 per cent at some schools.”

Phantom companies
Global Financial Integrity’s Clark Gascoigne welcomes the German, French and UK governments’ calls for the disclosure of the “true owners of companies and trusts”:

“GFI studies estimate that anonymous shell companies and tax haven secrecy facilitate the illegal outflow of roughly $1 trillion from developing countries every year, exacerbating poverty and instability.
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‘It’s fantastic to see the three largest economies in Europe endorse eliminating anonymous shell companies,’ [GFI Director Raymond] Baker remarked. ‘France, Germany, and the UK are demonstrating real leadership. The rest of Europe should join them to put an end to these terrible phantom firms.’ ”

New mission
Reuters reports that the UN Security Council has approved the establishment of a peacekeeping mission for Mali called MINUSMA, comprising a force of 12,600 with backup from the French military:

“French forces would be able to intervene to support MINUSMA when peacekeepers are ‘under imminent and serious threat and upon the request of the secretary-general,’ according to the resolution.
Russia said on Thursday it was alarmed that there was a growing shift towards a ‘force aspect’ within U.N. peacekeeping operations after the council last month created a special combat force within its peacekeeping mission in Congo to carry out ‘targeted offensive operations’ to neutralize armed groups.
‘There must be a clear division between peacekeeping and peace enforcement. This is why we believe that the mandate of MINUSMA does not provide for offensive operations,’ Russia’s U.N. Ambassador Vitaly Churkin told the council after the vote.”

Old mission
The Associated Press reports that the UN security council voted to maintain MINURSO, the 22 year-old peacekeeping force in Western Sahara, after the US dropped its proposal that a new mandate include human rights monitoring:

“In a report to the Security Council last month, UN Secretary-General Ban Ki-moon called for “independent, impartial, comprehensive and sustained monitoring of the human rights situations in both Western Sahara and the camps” for Saharan refugees because of continuing reports of rights violations.
The United States, following up on the report, proposed having the UN monitor human rights in the resolution it drafted to extend the mandate of UN peacekeepers.
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Diplomats said that when the U.S. presented its draft resolution to the Friends of Western Sahara group, which includes Britain, France, Germany, Russia, Spain and Switzerland, there were strong objections from France so the U.S. dropped the human rights monitoring provision.”

American stain
A New York Times editorial calls Guantanamo Bay “essentially a political prison” that should never have been opened:

“It was nothing more than Mr. Bush’s attempt to evade accountability by placing prisoners in another country. The courts rejected that ploy, but Mr. Bush never bothered to fix the problem. Now, shockingly, the Pentagon is actually considering spending $200 million for improvements and expansions clearly aimed at a permanent operation.
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Just as hunger strikes at the infamous Maze Prison in Northern Ireland indelibly stained Britain’s human rights record, so Guantánamo stains America’s.”

Plundering Africa
EurActiv reports on a new study revealing the complicity of European Banks and tax havens in the “plundering” of Angola in the 1990s:

“Millions of dollars were transferred through banks based in Switzerland, Luxembourg, Cyprus, the Netherlands, the British Virgin Islands and the Isle of Man to the benefit of powerful Angolan and Russian figures, the report shows.
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[Corruption Watch UK’s Andrew Feinstein] added that it was because of the facilitating role of banks, tax havens and the veil provided by front companies that national resources were stolen from the poorest citizens with impunity.
Feinstein’s report makes several recommendations to Angola, Switzerland, the EU and its member states, and the financial sector to initiate investigations and take legal measures to prevent wrongdoing. In particular, he recommends that the EU’s accounting directive, which will require reporting of payments to governments in the extractive and forestry sector, be extended to include the banking sector.”

Fair trade fashion
In the wake of the building collapse that killed hundreds of workers making clothes for Western brands in Bangladesh, the Guardian’s Susanna Rustin expresses frustration that “applying even the most modest ethical criteria is ridiculously hard” for consumers:

“The Rana Plaza collapse is all the more distressing because it seems to have been avoidable. Consumers can’t prevent such tragedies. Governments and NGOs must apply pressure, both to the retailers responsible for the people who make their clothes, and to those in charge of regulating them. But until we can be more confident that workers’ lives are not being endangered, we must start to be more curious about where our clothes come from. Some of us are wearing clothes sewn by those killed this week in Dhaka.”

Latest Developments, April 24

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UN peacekeeping

In the latest news and analysis…

Killer fashion
Reuters reports that a building that collapsed in Bangladesh – killing nearly 100 and injuring over 1,000 – contained five garment factories with links to major Western brands:

“The website of a company called New Wave, which had two factories in the building, listed 27 main buyers, including firms from Britain, Denmark, France, Germany, Spain, Ireland, Canada and the United States.
‘It is dreadful that leading brands and governments continue to allow garment workers to die or suffer terrible disabling injuries in unsafe factories making clothes for Western nations’ shoppers,’ Laia Blanch of the U.K. anti-poverty charity War on Want said in a statement.”

Pension-fund ethics
Reuters also reports that Norway’s sovereign wealth fund is considering divesting from oil companies, including Exxon Mobil, that operate in Equatorial Guinea “where oil revenue does nothing to relieve abject poverty”:

“The fund, whose investments totalled $725 billion on Wednesday, invests Norway’s revenues from oil and gas production for future generations. Exxon Mobil was its tenth-largest equity holding at end-2012, according to its annual report.
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The fund has frequently excluded companies for what it deems to be unethical behaviour based on the recommendations of its ethics council.
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U.S. energy companies Marathon Oil and Hess Corp also operate fields in Equatorial Guinea. The oil fund owned 0.76 percent of Marathon Oil and 0.69 percent of Hess at the end of 2012, according to Reuters data.”

Political interference
The Independent reports that Britain’s finance minister, George Osborne, has “a secret veto over large and potentially politically sensitive fraud investigations”:

“Under a government agreement the Serious Fraud Office must get permission from the Treasury to launch any complex new inquiry which comes on top of its normal budget.
But controversially the Treasury can keep its decisions secret – potentially allowing it to veto politically sensitive fraud inquiries, either before or midway through an investigation, without public scrutiny.
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[Transparency International’s Robert Barrington] said there was potentially a ‘clear conflict of interest’ in the Treasury’s role promoting economic growth and deciding whether to investigate a UK company for misdeeds in a foreign country which might damage its reputation and finances. ‘Either by design or accident you could easily get a situation where egregious corruption is simply not investigated,’ he said.”

Split jurisdictions
Mining.com reports that a Chilean court has upheld the suspension of Canadian mining giant Barrick Gold’s Pascua Lama project but construction is continuing on the Argentine side of the border:

“The appeals court in the northern city of Copiapo charged the Toronto-based gold miner with ‘environmental irregularities’ during construction of the world’s highest-altitude precious metals mine.
Chile’s environmental and mining ministries are on record backing suspension of work on the Andes mine. Opponents claim construction has spread dust that has settled on the nearby Toro 1, Toro 2 and Esperanza glaciers, accelerating their retreat, and is threatening the Estrecho river, which supplies water to the Diaguita tribe living downstream.”

Drone flip-flop
Foreign Policy reports that US Senator Rand Paul, who grabbed headlines earlier this year with a 13-hour anti-drone filibuster, has caused outrage with a “perceived reversal” on the subject:

“ ‘I’ve never argued against any technology being used when you have an imminent threat, an active crime going on,’ Paul said. ‘If someone comes out of a liquor store with a weapon and fifty dollars in cash. I don’t care if a drone kills him or a policeman kills him.’
While it’s true that Paul has always made an exception for ‘imminent threats’ — a 9/11-like moment — the liquor store scenario struck many libertarians as a very low threshold for domestic drone strikes, especially considering Paul’s Senate floor remarks, which if you recall, took a more anti-drone stance. Here’s Paul on the Senate floor:
‘I will speak as long as it takes, until the alarm is sounded from coast to coast that our Constitution is important, that your rights to trial by jury are precious, that no American should be killed by a drone on American soil without first being charged with a crime, without first being found to be guilty by a court.’ ”

Above the law
Radio-Canada reports that MINUSTAH, the UN peacekeeping mission in Haiti, is under fire for a lack of accountability over crimes allegedly committed by its members, including a Canadian policeman who fled the country earlier this year:

“Since 2007, there have been 70 allegations of sexual assaults committed by MINUSTAH members. But not one of them has faced trial in Haiti. [Olga Benoît of Haitian Women Solidarity (SOFA)] says these cases are ‘just the tip of the iceberg.’
In a report published last August, International Crisis Group, an NGO working on preventing armed conflicts around the world, recommends that the UN sign an accord with each country participiating in a mission, to establish ‘common binding investigative norms’ in order to ‘ensure that UN peacekeepers who commit crimes answer for their actions.’
[The Haitian National Human Rights Defence Network’s Marie Rosy Auguste Ducéna] believes Canada ‘also has an obligation to see the case reach judicial authorities.’
There is a possibility of punitive action against the police officer. An investigation is under way. But if there are sanctions, the police will not divulge any information, as they say all disciplinary measures are considered internal matters that remain between officers and their employers.”

Teflon miners
The Council of Canadians’ Meera Karunananthan urges the UN human rights council to challenge Canada’s aggressive promotion of the “logic of international corporate rights”:

“The abuses by Canadian mining companies are a systemic part of an economic development policy that disregards human rights and disdains the environment. It is no coincidence that Canada is now home to 75% of the world’s mining companies, the majority operating overseas. The Canadian government has accelerated its pursuit of investment treaties in the global south to serve the interests of the extractive industry. These treaties allow companies to challenge environmental, public health or other resource-related policies that affect mining profits.
At the same time, Canada allows its corporations to benefit from a climate of impunity, offering no legal recourse for adversely impacted communities and demanding no accountability in exchange for generous public subsidies, as the EU and other jurisdictions do. These conditions have made Canada a haven for the global mining industry.”

Deep solutions
So-called geek hereric Kentaro Toyama tells Humanosphere that technology “cannot fix poverty”:

“It’s certainly tempting to think that next generation of futuristic technologies can change the world. But Toyama has seen innovative technology rendered powerless, harmful even, in settings of severe poverty. He says the problems require even deeper solutions.”

Latest Developments, April 23

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Operation Serval extended
Radio France Internationale reports that French politicians have voted overwhelmingly in favour of extending the military intervention in Mali beyond the initial four-month timeframe:

“All the political parties agreed on the need to continue the French intervention in Mali: 342 votes for, 0 votes against. Later in the evening, senators confirmed this vote by 326 votes for and 0 votes against.
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Prime Minister Jean-Marc Ayrault also made an important announcement: starting in July, the UN could contribute peacekeepers to join the French and African forces.” [Translated from the French.]

Apology questioned
The Globe and Mail reports that the Canadian government is under fire for failing to hand over documents to a commission investigating years of abuse of indigenous students at church-run residential schools:

“The Department of Aboriginal Affairs has given about a million records to the commission and has promised hundreds of thousands more. But 23 other departments have yet to follow suit.
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‘We respect the fact that it’s really a huge task,’ said [Truth and Reconciliation Commission chair Justice Murray Sinclair].
‘But the reality is that we haven’t seen any additional documents,’ he said, ‘which really tells us that the government wasn’t ready, that it had done no preparation whatsoever.’
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Alvin Fiddler, the deputy chief of the Nishnawbe Aski Nation in Northern Ontario, said Monday that failure to produce the records would cast doubt on the historic apology for the residential school system that Prime Minister Stephen Harper made in 2008 on behalf of Canadians. ‘It goes back to the question of how sincere was he and how sincere was the apology,’ Mr. Fiddler said.”

Patent loophole
Reuters reports that South Africa plans to rework its intellectual property laws in order to make cancer and HIV/AIDS medication more affordable:

“Central to the reforms is closing a loophole known as ‘ever-greening’, whereby drug companies slightly modify an existing drug whose patent is about to expire and then claim it is a new drug, thereby extending its patent protection and their profits.
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As an example, [Julia Hill of Médecins Sans Frontières] said India had avoided patenting Novartis cancer medication imatinib, as opposed to South Africa, which granted an initial patent in 1993 that only expires this month.
In addition, Hill said South Africa had granted secondary patents on imatinib to extend Novartis’ monopoly until 2022, meaning it costs $34,000 a year to treat a patient – 259 times more than the cheapest Indian generic alternative”

Swing and a miss
The Associated Press reports that a US judge has blocked an attempt by the government to seize a “$38.5 million Gulfstream jet” from the son of Equatorial Guinea’s president:

“The Justice Department had alleged that Teodoro Nguema Obiang Mangue bought the jet with money derived from extortion, misappropriation, theft and embezzlement. But U.S. District Judge Rudolph Contreras ruled Friday that the government did not link the jet to any specific illicit acts and dismissed the civil forfeiture complaint.”

The worst thing
The Royal African Society’s Richard Dowden argues it would be better for G8 countries to “stop doing bad things to poor countries” than to pledge more aid:

“The worst thing we – the British – do is to maintain the world’s most iniquitous secret tax havens.
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On average, between 2002 and 2006 $857 billion flowed into developing countries each year. Of that $84bn was aid, $187bn was migrant remittances, $226bn foreign direct investment and $380bn was loans. Meanwhile, on average every year over the same period, $1205bn flowed out: $130bn profits for investors, $456bn in debt repayments and a whopping $619bn in ‘illicit flows’. Some of that is corruption money – about 3%. About 30% goes through criminal networks but some 60% of the ‘outflow’ is tax avoidance schemes. Unaccountable and un-transparent tax havens – many of them British – are where these schemes operate.”

Institutionalizing torture
Foreign Policy’s James Traub writes that a recent report on US torture after 9/11 shows how a democratic country can engage in “things that are repugnant to its principles”:

“Military dictators can simply order dissidents to be pushed out of planes into the sea or thrown into prison to rot; the political leaders of a democracy need the legitimacy of law to justify otherwise despicable acts, whether it’s Jim Crow legislation or the fraudulent treaties that drove Native Americans from their land.
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Americans have an apparently ineradicable view of themselves as a force for good. Republicans shamelessly play to this angelic self-conception when they accuse Obama of not subscribing to the national credo of ‘American exceptionalism.’ But what dark deeds has that credo excused! To know for a certainty that your ends are noble is to excuse yourself in advance for whatever means you choose to fight your adversaries, who by definition must be evil.”

Casual racism
Anthropologist Sarah Kendzior describes as “irresponsible” the media’s emphasis on the Chechen ethnicity of the suspects in the Boston Marathon bombing:

“One hundred years ago, the violent act of one Polish-American [who assassinated US President William McKinley] caused a country to treat all Polish-Americans with suspicion. Now, the Poles have become ‘white’ – which is to say they are largely safe from the accusations of treason and murderous intent that ethnic groups deemed non-white routinely face. When a Polish-American commits a crime, his ethnicity does not go on trial with him.
But this change is not a triumph for America. It is a tragedy that it happened to Poles then, and a greater tragedy that we have not learned our lesson and it happens still – to Hispanics, to Arabs, to Chechens, to any immigrant who comes here seeking refuge and finds prejudice instead.”

Bean drain
The UN News Centre reports that two UN experts have said the World Bank-led privatization of Burundi’s coffee industry is hurting farmers:

“In 2007, the Burundian President declared that coffee was owned by the growers until it was exported, an arrangement that allowed them to manage the supply chain and entitled them to 72 per cent of revenues from coffee sales on international markets.
However, in 2008-2009 the Burundian Government moved towards full privatization of the industry under alleged pressure from the World Bank, whose support for public health programmes was reportedly tied to coffee sector reforms. Since then, less than 5 per cent of Burundian coffee was processed in the country, with the higher value-added operations taking place abroad.”

Latest Developments, April 22

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Double Standard
Guardian columnist Michael Cohen asks why the US reacts so strongly to “terror” and so meekly to far deadlier threats, such as gun violence and diabetes:

“So for those of you keeping score at home – locking down an American city: a proper reaction to the threat from one terrorist. A background check to prevent criminals or those with mental illness from purchasing guns: a dastardly attack on civil liberties. All of this would be almost darkly comic if not for the fact that more Americans will die needlessly as a result. Already, more than 30,000 Americans die in gun violence every year (compared to the 17 who died last year in terrorist attacks).
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It’s not just firearms that produce such legislative inaction. Last week, a fertiliser plant in West, Texas, which hasn’t been inspected by federal regulators since 1985, exploded, killing 14 people and injuring countless others. Yet many Republicans want to cut further the funding for the [Occupational Safety and Health Administration] that is responsible for such reviews. The vast majority of Americans die from one of four ailments – cardiovascular disease, cancer, diabetes and chronic lung disease – and yet Republicans have held three dozen votes to repeal Obamacare, which expands healthcare coverage to 30 million Americans.”

Multilateral smokescreen
The UN News Centre reports that a number of international experts have called on the World Bank to ensure its investments do not contribute to human rights violations:

“[Independent Expert on foreign debt and human rights, Cephas Lumina] said it was no longer acceptable to use the excuse that the World Bank is precluded by its Articles of Agreement from taking human rights into consideration in the design and implementation of its policies and projects.
‘The Articles allow, and in some circumstances, enjoin the Bank to recognize the human rights implications of its development policies and activities,’ Mr. Lumina said. ‘We should not forget that States must also adhere to their international law obligations when they act through international organizations. The World Bank is no exception.’ ”

Rough trade
David McLaren argues that Canada’s push to sign bilateral trade agreements “may make things worse” in terms of human rights and the environment in partner countries:

“Since elected in 2006, his government has entered into negotiations for more than 50 free trade agreements and foreign investment protection and promotion agreements (FIPAs for short).
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Our new trade partners include Mali, Tanzania, Colombia, Ecuador, Peru, Panama and a whole lot of others who have no serious investments in Canada. But our mining companies have billions invested in them.
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There are no provisions in these agreements for prior consultation with groups most affected. Clauses prohibiting expropriation of any kind and protecting investment so favour corporations that it is very difficult for a Third World country to buck the wishes of a Canadian-owned mining company, even if its government wanted to.”

Growing protest
The Independent reports that over half the inmates at the Guantanamo Bay prison are now on hunger strike:

“The number of prisoners on hunger strike has risen to 84, an increase of 32 since last Wednesday, with 16 now receiving ‘enteral feedings,’ a process involving being force-fed via tubes.
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It has been four years since President Obama pledged that the detention facility in Guantanamo Bay, repeatedly criticised by human rights organisations, as well as prominent American public figures, would be closed down. Instead, his administration is now considering a $200 million renovation project, which will include the construction of a new prison building for so-called ‘high-value’ prisoners.”

Trail blazing
ECONorthwest’s Ann Hollingshead describes as “stunning” the latest European efforts to promote automatic tax information exchange and rein in tax evasion:

“Yet if these systems and agreements exist only between developed nations and tax havens—and until developing countries participate in a similar system or agreements of their own—the progress we’ve made will have little effect on economic development and acute poverty.
But this is not a note of pessimism or caveat. The news this week on automatic tax information exchange is unequivocally good. The world needs the United States and Europe to blaze this path because, in all honesty, those are the only nations with the political power necessary to turn the tide on this.”

Tax challenged
Reuters reports that the UK government has launched a legal challenge against a financial transaction tax in the euro zone:

“Britain was concerned that the planned tax would affect transactions carried out beyond the borders of countries that sign up for it, Chancellor George Osborne said on Friday.
‘We’re not against financial transaction taxes in principle … but we are concerned about the extra-territorial aspects of the (European) Commission’s proposal,’ he said on the sidelines of meetings of finance leaders at the International Monetary Fund.
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A pan-EU proposal for the tax failed due to opposition from Britain, home to the City of London and Europe’s largest financial services industry, as well as other member states including Sweden.”

Foodopoly
Food & Water Watch’s Wenonah Hauter decries the “financialization of nature”:

“This summer, President Obama will attempt to fast-track two trade deals — the Trans Pacific Partnership and the Transatlantic Free Trade Agreement —which are permanent power grabs by corporations and their financers. For Americans this means increased gas exports and increased imported foods, an undermining of our domestic laws and increasing corporate ownership of our natural resources. They will forever enshrine the very economic system that has lead to an ever greater imbalance in income and wealth, and increasingly frequent economic crises. And it will all be enforced by new international tribunals akin to the WTO.”

Evolution of xenophobia
Ian Birrell condemns the UK public’s “fear-fuelled contempt” of Muslims:

Indeed, it is worth pointing out that in the eight years after 9/11, the number of jihadist attacks in Europe represented less than 1% of total terrorist incidents on the continent.
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We have been here before, of course. Each new wave of immigration provokes the same fears before newcomers are assimilated into evolving nations. After Irish immigration rose and Fenian bombs started going off in Victorian Britain, there were claims the country’s stability was at risk from adherents of an alien religion who owed loyalty to an authoritarian figure in Rome.