Category Archives: Latest Developments

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

Latest Developments, October 30

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Financial dependency
Business Day reports that new African Union head Nkosazana Dlamini-Zuma is unhappy with the extent to which her organization depends on funding from outside the continent:

“ ‘No liberated mind can think their development agenda can be funded by donors,’ Ms Dlamini-Zuma told a Business Unity South Africa banquet in her honour at the weekend in Johannesburg.
‘Over 97% of programmes in the AU are funded by donors.
…
She said donors were even footing the bill for African institutions to develop the continent’s strategic agenda, a fundamental task in what has been dubbed the African century.”

Conditional rights
The Guardian reports that a pair of high-profile UN figures are calling for a crackdown on out-of-control land grabbing in Africa:

“Olivier De Schutter, the UN special rapporteur on the right to food, acknowledges the importance of the [committee on world food security] voluntary guidelines, but points out the lack of an effective enforcement mechanism. He argues that governments in sub-Saharan Africa or south-east Asia with poor governance, or tainted by corruption, will continue to seek to attract investors at all costs.
‘The international community should accept it has a role in monitoring whether the rights of land users, as stipulated in the guidelines, are effectively respected,’ De Schutter told the Guardian. ‘Since there is no “sheriff” at global level to achieve this, at the very least, the home states of investors should exercise due diligence in ensuring that private investors over which they can exercise control fully respect the rights of land users. Export credit agencies, for example, should make their support conditional upon full compliance with the guidelines, and in the future, the rights of investors under investment treaties should be made conditional upon the investors acting in accordance with the guidelines.’ ”

Big changes
Reuters reports that the Kenyan government plans to show some flexibility in implementing its new mining law:

“ ‘For those who have been licensed, we have asked them to provide clear proposals on how they want to implement this, taking into consideration commitments they have and we will consider that,’ Mohammed said in a interview.
‘But for those who have not been licensed, it will be immediate. We will not be issuing any new mining licences without the ownership of 35 percent by local citizens.’
…
The new requirement of 35 percent local equity follows a new tax of 10-20 percent targeting sales of property or shares in oil, mining and mineral prospecting firms, introduced recently to help plug a growing funding gap.”

GM crops on trial
The Times of India reports that the country’s highest court will not consider a proposed 10-year ban on field trials of genetically modified crops before hearing from stakeholders, such as a group of biotech companies whose members include agribusiness giant Monsanto:

“The five-member [court-constituted Technical Expert Committee] was unanimous in recommending suspension of field trials for 10 years, a period which it said should be used to put in place additional safeguards. It recommended identification of specific sites for field trials, setting up of an independent scientific panel to evaluate bio-safety data, recognition of conflict of interest in regulatory body and requirement of preliminary bio-safety tests prior to such trials.”

Blind sanctions
The University of Southern California’s Muhammad Sahimi and
 Al-Monitor’s Eskandar Sadeghi-Boroujerdi argue that the economic sanctions imposed on Iran by the West are not “smart” and “targeted” as initially promised:

“The world was promised that the sanctions will not hurt millions of ordinary Iranians who go about their daily lives and, in fact, oppose many of their government’s policies.
But, the sanctions are now in full force, and are hurting the same people who we were told were not meant to be their target, in what is yet another case of ‘collateral damage’ inflicted by Western policy towards Iran, and its disenfranchised people who have lost control over their destiny at both home and abroad. In fact, there are very strong indications that a human catastrophe could emerge whose scale poses as much a threat as an outright military attack.”

Not lovin’ it
Yale University graduate student Justin Scott takes issue with Black365, a new McDonald’s website aimed at African-Americans, in which the fast-food giant compares itself to the iconic baobab tree:

“Aside from issues of health, hegemony, and markets, what we have here is McDonald’s, a Western behemoth pushing a product that could not be even remotely considered African, using an African symbol to appeal to a population of African origin, in order to make itself look like something it isn’t. And it’s a shame that this tactic hasn’t been attacked more widely.”

Opposing views
Reuters reports that the Tanzanian government and foreign mining companies have very different ideas on how the country can enjoy more benefits from its mineral wealth:

“East Africa’s second biggest economy argues it is not seeing the fruits of soaring commodity prices, in particular gold. It plans to increase the mining sector’s contribution to the economy to 10 percent of GDP by 2025 from 3.3 percent last year.
But the miners say hiking taxes and increasing royalties is the wrong approach. They say Tanzania should focus on attracting more investors and issuing additional mining licenses.”

Ruinous rankings
The Guardian reports that the World Bank’s latest Ease of Doing Business Index is once again coming under fire for promoting “a neo-liberal agenda of privatisations, welfare cuts, limited employment rights and low wages to please and entice foreign multinationals”:

“Bin Han, one of China’s senior representatives at the World Bank, says the rankings are fundamentally flawed.
‘The Chinese conclusion is straightforward: the report has used a wrong methodology, failed to reflect facts in individual countries, and misled readers. The questionable quality of the report has ruined the Bank’s reputation,’ he said at the debate.
The new boss at the World Bank, Jim Yong Kim, has pledged to review the rankings.”

Latest Developments, October 26

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War hub
The Washington post reports that Camp Lemonnier in Djibouti has become “the centerpiece of an expanding constellation of half a dozen U.S. drone and surveillance bases in Africa”:

“Lemonnier also has become a hub for conventional aircraft. In October 2011, the military boosted the airpower at the base by deploying a squadron of F-15E Strike Eagle fighter jets, which can fly faster and carry more munitions than Predators.
In its written responses, Africa Command confirmed the warplanes’ presence but declined to answer questions about their mission. Two former U.S. defense officials, speaking on the condition of anonymity, said the F-15s are flying combat sorties over Yemen, an undeclared development in the growing war against al-Qaeda forces there.
The drones and other military aircraft have crowded the skies over the Horn of Africa so much that the risk of an aviation disaster has soared.”

Damaging paradigm
The Guardian reports that the UN has announced plans to investigate the legality of US drone strikes that kill civilians:

“The investigation unit will also look at ‘other forms of targeted killing conducted in counter-terrorism operations, in which it is alleged that civilian casualties have been inflicted’. [Ben Emmerson, a UN special rapporteur] maintained that the US stance that it can conduct counter-terrorism operations against al-Qaida or other groups anywhere in the world because it is deemed to be an international conflict was indefensible.
…
‘The global war paradigm has done immense damage to a previously shared international consensus on the legal framework underlying both international human rights law and international humanitarian law,’ he said. ‘It has also given a spurious justification to a range of serious human rights and humanitarian law violations.
‘The [global] war paradigm was always based on the flimsiest of reasoning, and was not supported even by close allies of the US.’ ”

Monopoly miracle
GaveKal Dragonomics’ Anatole Kaletsky writes that a revolution in economic thinking may have begun:

“In a research paper that has gone viral among economists, Jaromir Benes and Michael Kumhof, two senior IMF staffers, describe a reform of monetary management that could potentially restore all the output lost in the Great Recession and simultaneously eliminate the government debt burdens of the United States, Britain and most European countries.
These miracles could be achieved without painful tax increases or spending cuts, by restoring to governments the exclusive right to create money they gradually lost to commercial banks. The monopoly right to create money generates a ‘seignorage tax,’ whose capital value is roughly 100 percent of the U.S. gross domestic product, according to the IMF calculations. Transferring this enormous benefit from banks back to governments would allow most national debts to be paid off.”

Price fixing
Agence France-Presse reports that oil giants Chevron, Shell, Total & BP are being accused of “colluding to rig consumer prices since the 1980s” in South Africa:

“Following ‘wide-ranging investigations’ since 2009, the Competition Commission said it had uncovered ‘collusive conduct’ that stretched back decades, and had referred the case to the Competition Tribunal for judgement.
The commission recommended that each company be fined 10 percent of total turnover from their South African business for the last financial year.
‘The investigation revealed collusive conduct through extensive exchanges of commercially sensitive information by the respondent oil companies,’ it said.
The information was said to include detailed monthly sales figures and collusion to influence the regulatory environment.
The products included petrol, diesel, kerosene, heavy furnace oil, bitumen, liquid petroleum gas and lubricants, and specific grades within these categories.”

Controversial complex
Al Jazeera asks whether Haiti’s new $300 million, Clinton-endorsed Caracol industrial park will be a boon for the country’s economy or “a glorified sweatshop”:

“Already workers allege that foreign companies are not even paying the minimum wage of $5 a day.
Local farmers say they were also forced off their land to make way for the development.
…
‘The biggest question is that Caracol has kind of taken all the oxygen out of the room, it’s all that people talk about, and yet it’s going to create at the maximum over six years 65,000 jobs, which is really a drop in the bucket,’ according to Haiti working group chairman Robert Maguire.”

Setting the bar
Oxfam’s Hannah Stoddart takes issue with the World Bank’s claims that it is only involved in “a few cases” of potential land grabs:

“First, given the Bank’s mandate for poverty alleviation, even one land-grab case is a case too many.
Secondly, in reality we know that there are very likely more than a few controversial cases relating to land. 21 cases involving land disputes have been brought by communities since 2008 (Oxfam is involved as a complainant in a number of them). We also know that between 2000 – 2012, 56% of the complaints to the Compliance Adviser Ombudsman (CAO) have been in relation to land. The CAO also confirms that in the past 4 years there has been a growing number of complaints in relation to agri-business.
Lastly, while the World Bank may not the worst culprit when it comes to land-grabbing, it IS the only global bank with a mandate for poverty alleviation and it is a crucial institution for setting the bar high in this area. In other words, we believe that if Oxfam can’t convince the World Bank to raise its standards, we have no hope of getting other financing institutions to do so.”

Just say no
The Guardian reports that the British government is thus far refusing to allow its bases to be used for a build-up of US troops in the Gulf:

“[British ministers] have pointed US officials to legal advice drafted by the attorney general’s office which has been circulated to Downing Street, the Foreign Office and the Ministry of Defence.
This makes clear that Iran, which has consistently denied it has plans to develop a nuclear weapon, does not currently represent ‘a clear and present threat’. Providing assistance to forces that could be involved in a pre-emptive strike would be a clear breach of international law, it states.”

Humanizing finance
The Financial Times reports that credit rating agencies from the US, China and Russia are claiming their new joint venture will change the way global financial risk is assessed:

“In a joint declaration, the three agencies described their mission in grand terms.
‘It is an historic imperative to establish a new type of international credit rating system which follows the inherent requirements of credit rating and which is aligned to the common interests of human society,’ they said.”

Latest Developments, October 25

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Cheap oil
Reuters reports on a study that suggests “cut price deals” between politicians and multinational oil companies have cost Nigeria billions in lost revenue over the last decade:

“Nigeria LNG, a company jointly owned by the [Nigerian National Petroleum Corporation], Shell, Total and Eni had paid the country for gas at cut-down prices before exporting it to international markets, the report said.
Total and Eni declined to comment because they invest in but do not operate Nigeria LNG, the role played by Shell.
‘The estimated cumulative of the deficit between value obtainable on the international market and what is currently being obtained from NLNG, over the 10 year period, amounts to approximately $29 billion,’ the report said.”

Pollution problems
The Blacksmith Institute and Green Cross have released a new report that claims toxic pollution from industrial sites imposes a “global burden of disease” comparable to that of malaria and tuberculosis:

“E-waste is the general term for electronic waste from discarded computers and printers, cell phones, televisions and other related consumer products. Consumer demand drives the technological innovation that creates a cycle of obsolescence in which new devices are turned over almost yearly. This constant stream of new products results in an urgent and complex waste problem, it is estimated that 500 million computers became obsolete in the U.S. between 1997 and 2007, and computers represent only a small percentage of e-waste. Total global e-waste estimates number between 20 and 50 million tons annually. The waste is rarely processed in developed countries; an estimated 70 percent of it is imported to China. In the Blacksmith Institute’s database there are almost 50 sites polluted by e-waste, potentially putting close to 600,000 people at risk. Of the 50 sites, majorities are located in China with Africa and South America holding several sites as well.”

Water futures
The City University of New York’s Frederick Kaufman argues that the establishment of a “global water commodities market” must not be allowed to happen:

“Making money come out of the tap means that fresh water must be given a price anywhere it is traded — a global price that can be arbitraged across the continents. Those in Mumbai or midtown Manhattan who understand the increasing value of water in the world economy will speculate on this undervalued ‘asset’, and their investments will drive up the cost everywhere. A water calamity in China or India — and the food inflation, political instability and humanitarian crisis that will surely follow — will reverberate in price spikes from London to Sydney. This is how bankers will profit.
Economists have begun to model a global water-based futures market featuring financial puts, calls, shorts, longs, exchange-traded funds, indices of indices, options piled on top of options, and all sorts of opportunity for over-the-counter swaps.”

Dead activists
The Mex Files reports that two opponents of a Canadian-owned mine have been shot dead in northern Mexico:

“[Ismael Solorio Urrutia] had met with Chihuahua officials last week to complain about threats against him, his family and members of El Barzon by employees of the Cascabel mine in Ejido Benito Juarez (San Buenaventura Municipio). The mine is owned by the Canadian firm Mag Silver. Both Solorio and his son, Eric, were physically attacked by mining company employees on 13 October.
…
As of right now, members of El Barzon, and other groups are occupying the state capital building, demanding  Governor César Duarte provide answers to what they are calling a ‘Crime of State’. El Observador (Chihuahua, Chihuahua) is reporting that unofficial sources are saying four persons were detained by the army as the supposed hitmen, but — as always — who pulled the trigger is less important than who ordered the triggers pulled.”

Risky project
The Bank Information Center reports that the Inter-American Development Bank has agreed to finance hydroelectric projects in Panama that violate its own policy:

“An IDB audit confirms that the Bank approved the loan to co-finance two dams in Panama despite knowledge that the project fails to meet Bank safeguards. The Pando y Monte Lirio dams will divert 90 percent of the River’s water, together with 25 other similar dams in construction or planned for the Chiriquí Viejo River, will transform it into a series of isolated pools with obvious harm to the region’s biodiversity and people that depend on the river.
…
There is still no acceptable cumulative impact study. The ecological flows study represents the single most important risk assessment instrument, which the client has repeatedly missed deadlines to produce.”

Kill list redux
Wired’s Spencer Ackerman describes the Obama administration’s newly revealed so-called disposition matrix as a “permanent robotic death list”:

“There’s a rhetorical consensus in Washington that, as Romney said at Monday’s debate, the U.S. ‘can’t kill our way out of this mess.’ It’s spoken so often it’s a cliche. But in practice, killing appears to be the mainstay of U.S. efforts: nearly 3,000 people have been slain by drone strikes, according to a Post online database, including an undisclosed number of civilians. And the security agencies are preparing for even more.
…
Obama did not run for president to preside over the codification of a global war fought in secret. But that’s his legacy. Administration officials embraced drone strikes because they viewed them as an acceptable alternative to conventional ground warfare, which it considered too costly and too public, but the tactic has now become practically the entire strategy.”

Trade negligence
Amnesty International’s Alex Neve and Kathy Price argue that the Canadian government is not living up to its promise to monitor the human rights impact of its free trade deal with Colombia:

“The trade deal opens the door for ever greater numbers of Canadian companies to join the influx into Indigenous lands. That in turn gives rise to the troubling possibility of Canadian companies being implicated in human rights violations or benefiting from abuses that have already taken place.
…
To win Liberal Party support for implementing legislation, the government did agree to yearly human rights reports after the deal was launched, but the reports lack credibility since they are prepared by the two governments themselves and have no teeth to act on recommendations.
By law, the first report was due four months ago, in mid-May. Shockingly, it contained no information at all about human rights impacts. The government said it was too early and that there was not yet enough information to assess.”

Latest Developments, October 24

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Unspeakable issue
The New York Times reports that, for the first time since 1988, climate change did not come up during the US presidential debates:

“Throughout the campaign, the candidates have talked a great deal about energy, but it has essentially been a competition in who could heap the most praise on fossil fuels. They tended to avoid any explicit linkage between their energy proposals and climate risk.
…
‘No candidate has been able to portray climate change policy as a win-win,’ Eugene M. Trisko, a lawyer and consultant for the United Mine Workers of America, said on Tuesday. ‘That’s because they understand that the root of climate change mitigation strategy is higher energy costs. It’s an energy tax, and that’s something you don’t want to talk about in a debate.’ ”

Disposition matrix
The Washington Post reports on a new American database, the “disposition matrix,” suggesting the US government intends to continue carrying out targeted killings for years to come:

“The matrix contains the names of terrorism suspects arrayed against an accounting of the resources being marshaled to track them down, including sealed indictments and clandestine operations. U.S. officials said the database is designed to go beyond existing kill lists, mapping plans for the ‘disposition’ of suspects beyond the reach of American drones.
Although the matrix is a work in progress, the effort to create it reflects a reality setting in among the nation’s counterterrorism ranks: The United States’ conventional wars are winding down, but the government expects to continue adding names to kill or capture lists for years.”

Phantom menace
Human Rights Watch’s Bill Frelick and Bangkok-based human rights lawyer Michael Timmins slam the apparent spread of Australia’s “punitive asylum policies” to neighbouring New Zealand:

“The bill provides for the near-automatic detention for six months and beyond of so-called ‘mass arrivals’ (11 people or more) by boat or other unscheduled craft who are ‘potentially illegal.’
What mass arrivals? Notwithstanding 18th and 19th century Europeans who might have met the bill’s ‘mass arrivals’ definition, no modern-era boatload of asylum seekers has ever reached New Zealand. Even if one were to arrive, this would in no way overload New Zealand’s existing asylum system. The hypothetical ‘risk’ does not justify the abdication of principle.”

Justice deferred
The Wall Street Journal reports that the UK looks set to adopt deferred-prosecution agreements, a tool much used by US prosecutors in the fight against corporate wrongdoing, such as the bribing of foreign officials:

“Under a deferred-prosecution agreement, criminal charges would be dropped after a period of time if an organization complies with the terms of a deal, which could include the imposition fines, disgorgement and orders to implement measures to prevent future wrongdoing.
…
The [US] agreements don’t require a judge’s involvement, and there’s no one to question the fairness of the agreement or to second-guess its terms, as Dealbook’s Peter Henning pointed out in September.
Under the U.K. proposal, however, a judge will have the power to block an agreement if they don’t agree that the settlement is appropriate, the consultation report said.”

Stolen oil
Reuters reports that a Nigerian politician has begun campaigning for a global solution to his country’s oil-theft problem, given that an estimated 90% of Nigeria’s pilfered crude ends up on world markets:

“Oil companies say so called ‘bunkering’ — tapping into oil pipelines to steal the crude — and other forms of oil theft are on the rise in Nigeria, despite an amnesty that was meant to end a conflict there in 2009 over the distribution of oil wealth.
Yet while local gangs hacking into pipelines to steal small quantities for local refining are the most visible sign, it is industrial scale oil theft involving collusion by politicians, the military, Western banks and global organised crime that is the real drain on Nigeria’s resources, [Niger Delta politician Dele Cole] said.
‘International theft is diverting huge quantities … and the sophistication of the exercise — from breaching the pipeline, to having barges, to knowing when ships are at the port, to being paid — is major,’ he said.”

Unwanted comeback
Reuters also reports that malaria “is being transmitted from person to person within Greek borders” for the first time since 1974:

“Species of the blood-sucking insects that can carry exotic-sounding tropical infections like malaria, West Nile Virus, chikungunya and dengue fever are enjoying the extra bit of warmth climate change is bringing to parts of southern Europe.
And with austerity budgets, a collapsing health system, political infighting and rising xenophobia all conspiring to allow pest and disease control measures here to slip through the net, the mosquitoes are biting back.”

Better than nothing
The BBC reports that 10 EU countries – including Germany, France, Italy and Spain – plan to forge ahead with a financial transaction tax despite failing to obtain the support of all 27 member countries:

“Governments across Europe have been implementing drastic austerity measures to cut debt levels, and taxing banks is seen by some as an important way to raise revenues, particularly while the economic recovery remains so fragile.
Opponents argue that unless it is adopted universally, the tax would drive business to financial centres that did not impose the tax.”

Stacked deck
The University of London’s Simon Reid-Henry argues that, while dependency theory has faced some valid criticism over the years, its focus on “the problems of uneven starting points and the structural unfairness of global capitalism” remains relevant today:

“And the underlying critique of western chauvinism (that western-style capitalist democracy is the best model for the rest) remains pertinent when people persist in talking of development ‘ladders’, for example. Perhaps more important, Frank’s belief that we too readily overlook the way that too many of the privileges of the rich nations are not only unearned but predicated upon the prior and active removal of that wealth from others is, if anything, making something of a comeback in these days of heightened discussion of inequality.”

Latest Developments, October 18

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Commitment to development
The Center for Global Development’s David Roodman and Julia Clark describe some of the changes to the latest edition of the Commitment to Development Index, which ranks rich countries “on how much their governments’ policies and actions support global prosperity”:

“Last year the troop surge in Afghanistan lifted the United States to first place on security. The CDI rewarded this military move because the U.N. Security Council continued to endorse the foreign intervention in Afghanistan. We decided in 2012 to impose an additional criterion for inclusion: an operation also needs to be reasonably describable as primarily intended to help the citizens of the country in question. The war in Afghanistan does not mean that test in our judgment. The 2011 intervention in Libya does.
The conception of ‘security’ has expanded beyond the use of force. Countries are now rewarded for participating in international security arrangements such as the International Criminal Court and Ottawa Treaty banning anti-personnel land mines.”

Setting priorities
Olivier De Schutter, the UN special rapporteur on the right to food, sketches out his vision of a “food security first” approach to biofuel development:

“The best practice cases of small-scale sustainable biofuel production may not be geared for exports. This is more than a coincidence: once the primary interest of agricultural systems becomes the cheap, bulk production of export commodities, the positive outcomes of smallholder engagement and intercropping of local staples are always likely to be lost.
The Institute for European Environmental Policy estimated that, to reach its initial 10% target for renewables in transport fuels, the EU would have had to import 41% of its biodiesel and 50% of its ethanol needs by 2020. So even with lower targets, dependence on imports – and therefore pressure on the structure of farming systems in the global south – are always the likely outcome of EU biofuel mandates.”

Drones over Yemen
Reuters reports that a US drone has killed nine suspected al Qaeda members in Yemen, based on eyewitness accounts of “six charred bodies and the scattered remains of three other people”:

“While Washington usually avoids comment on the strikes in Yemen, the UK-based Bureau of Investigative Journalism, which tracks U.S. operations, says as many as 56 civilians have been killed this year by drones.
Many Yemenis complain the U.S. focus on militants is a violation of sovereignty that is driving many towards al Qaeda and diverting attention from other pressing issues such as unemployment, corruption, water depletion and economic revival.”

Drone journalism
New York Times public editor Margaret Sullivan writes that her paper is not doing enough to inform readers about US drone policy:

“Since the article in May, its reporting has not aggressively challenged the administration’s description of those killed as ‘militants’ — itself an undefined term. And it has been criticized for giving administration officials the cover of anonymity when they suggest that critics of drones are terrorist sympathizers.
Americans, according to polls, have a positive view of drones, but critics say that’s because the news media have not informed them well. The use of drones is deepening the resentment of the United States in volatile parts of the world and potentially undermining fragile democracies, said Naureen Shah, who directs the Human Rights Clinic at Columbia University’s law school.
‘It’s portrayed as picking off the bad guys from a plane,’ she said. ‘But it’s actually surveilling entire communities, locating behavior that might be suspicious and striking groups of unknown individuals based on video data that may or may not be corroborated by eyeballing it on the ground.’ ”

Paris massacre
France 24 reports that French President François Hollande spoke of “bloody repression” as he marked the 51st anniversary of the killings of Algerian protesters by Paris police:

“On that fateful day, French police – under the leadership of Paris prefect Maurice Papon – brutally crushed peaceful demonstrations of Algerian anti-war protesters who had gathered in and around the French capital to protest against a French security crackdown in Algeria.
…
More than half-a-century later, the details surrounding the October 17 massacre – including the casualty figures – remain murky. A day after the demonstrations, the left-leaning French newspaper Libération reported the official toll as two dead, several wounded and 7,500 arrests. The death toll, however, was disputed by the [Algerian National Liberation Front (FLN)], which claimed that dozens were killed.  Many of the bodies were found floating in the River Seine.”

Bribe banking
The Sunday Times reports that British defence firm GPT used the UK’s biggest bank to funnel millions in alleged bribes to Saudi officials:

“HSBC accounts in London and New York were used to provide the alleged kickbacks as part of a money-laundering scheme. It was operated by the defence company to channel cash into private company accounts in the Cayman Islands.
It is claimed the payments form part of a total £72m in sweeteners paid by GPT Special Project Management to a Saudi prince who is a close relative of the ruler, King Abdullah.
The disclosure will raise fresh questions about HSBC, which was recently implicated by the US authorities in the laundering of billions of dollars for drugs barons and terrorists.”

Asset seizure
Reuters reports that Ecuadorean plaintiffs say a court has given them permission to seize $200 million of assets belonging to oil giant Chevron:

“The plaintiffs from villages in the oil-rich Amazon won an $18.2 billion case against the oil giant over claims that Texaco, bought by Chevron in 2001, contaminated the area from 1964 to 1992. Damages were increased to $19 billion in July.
Among the assets ordered turned over are $96.3 million that Ecuador’s government owes Chevron, money held in Ecuadorean bank accounts by Chevron, and licensing fees generated by the use of the company’s trademarks in the country, the plaintiffs said.”

Beyond aid targets
The Guardian reports that France’s development minister says he plans to focus more on “policies with the potential to help or hurt poor countries” than on traditional aid:

“On agriculture, particularly the common agricultural policy (CAP), which has been criticised for damaging the interests of poor countries despite reforms that have curbed the worst excesses, Canfin said France – where farmers have resisted CAP changes – would push for a ‘greener, more sustainable’ EU policy. On trade, he said France was willing to delay a 2014 deadline for completing economic partnership agreements (EPAs). EPAs are disliked by poor countries for forcing them to open their markes to competition that they cannot withstand. Canfin said France was willing to change the deadline to 2016, to allow more time to take into account the reservations of developing countries.”