Latest Developments, April 18

In the latest news and analysis…

Colonial crimes
The Guardian reports that thousands of documents were “systematically destroyed” and others remained hidden until now in order to conceal crimes committed in the last years of the British empire.
“The papers at Hanslope Park include monthly intelligence reports on the ‘elimination’ of the colonial authority’s enemies in 1950s Malaya; records showing ministers in London were aware of the torture and murder of Mau Mau insurgents in Kenya, including a case of aman said to have been ‘roasted alive’; and papers detailing the lengths to which the UK went to forcibly remove islanders from Diego Garcia in the Indian Ocean.
However, among the documents are a handful which show that many of the most sensitive papers from Britain’s late colonial era were not hidden away, but simply destroyed. These papers give the instructions for systematic destruction issued in 1961 after Iain Macleod, secretary of state for the colonies, directed that post-independence governments should not get any material that ‘might embarrass Her Majesty’s government’, that could ‘embarrass members of the police, military forces, public servants or others eg police informers’, that might compromise intelligence sources, or that might ‘be used unethically by ministers in the successor government’.”

Torture ruling
The Courthouse News Service reports that the US Supreme Court has ruled that the Torture Victim Protection Act does not apply to alleged abuses committed by organizations.
“Before courts can extend personhood to corporations, Congress must give some indication of that intention.
‘There are no such indications in the TVPA,’ [Justice Sonia] Sotomayor wrote. ‘As noted, the Act does not define ‘individual,’ much less do so in a manner that extends the term beyond its ordinary usage. And the statutory context strengthens – not undermines – the conclusion that Congress intended to create a cause of action against natural persons alone.’ ”

US transparency
Bloomberg reports the US government has announced new rules that will require banks to declare interest paid to “nonresident aliens,” despite strong opposition from Republican lawmakers.
“The regulations, adopted yesterday, are part of the government’s efforts to work with other countries on tax evasion. The Treasury Department and the Internal Revenue Service say the U.S. should ask its banks to report information just as it is requiring overseas banks to provide information on U.S. account holders.”

Françafriqe
Radio France International reports that Senegal’s newly elected President Macky Sall has agreed to allow the continued permanent presence of French troops on his territory, albeit in reduced numbers.
“The two men signed the defence deal, which will published “in all transparency”, according to Sarkozy, as have all such agreements with France’s former African colonies since 2008.
Its most important feature – the reduction of the permanent French troop presence in Senegal from 1,200 to 300 – was already agreed in 2010 with Sall’s predecessor, Abdulaye Wade.”

Joining the club
Agence France-Presse reports that South Sudan has become the 188th member of the World Bank and International Monetary Fund.
“The World Bank, an anti-poverty development lender, also hailed South Sudan’s membership, calling the impoverished country a “test case” on its principles of citizen-led state building with the support of international development partners.
‘I am very pleased to welcome South Sudan, the world’s newest country as our newest member of the World Bank Group, to help it manage and resolve its many formidable development challenges while it also builds a broad national coalition to secure lasting peace and prosperity,’ said Obiageli Ezekwesili, the bank’s vice president for Africa.”

Formula One’s 29%
The Business and Human Rights Resource Centre reports that less than a third of “firms linked to Formula One” responded when asked to respond to human rights concerns raised about the upcoming Bahrain Grand Prix.
“Forty two companies or teams failed to respond.

‘Seldom have we seen a response rate this low from a group of companies anywhere in the world’, said Christopher Avery, Director of Business & Human Rights Resource Centre. ‘And of the responses that were received, seldom if ever have we seen such a high proportion that completely fail to comment on the human rights concerns that they were asked to address.’

The usual response rate to the Resource Centre is 75% globally.”

ATT concerns
Oxfam’s Scott Stedjan expresses mixed emotions over the US position on the Arms Trade Treaty ahead of July’s UN negotiations.
“On the positive side, Assistant Secretary [Thomas] Countryman stated that the US is open to suggestions from other countries on ways to include ammunition within the treaty’s scope. This is a major shift in the right direction; prior to this speech, the US position was that ammunition must not be included in the treaty in any circumstance.

The US seems to hold the position that as long as a government ‘considers’ the impact of the arms transfer and ‘keeps it in mind,’ the treaty should allow states to transfer weapons to war criminals or human rights abusers. Such an Arms Trade Treaty would significantly lower the current international standards on respecting human rights and the laws of war, and it runs contrary to the US position on human rights and international humanitarian law at the United Nations.”

Different take on the cake
Blogger Nuclear Grrl takes issue with the accusations of racism leveled at a controversial piece of Swedish performance art that involved audience members in symbolic “female genital mutilation” by cutting a cake shaped like a caricatured African woman.
“Blackface has historically been used to dehumanize Black people. [Makode] Linde’s purposeful use of blackface in his ‘Painful Cake’ is meant to call out society for this dehumanization and show that Black women are real human beings. Blackface represents Swedish society’s view of Black women as simplistic caricatures of Black humanity rather than the real pillars of the family that they are. His performance proves his point with exemplary efficiency – no one seemed horrified by what they were seeing, at least not during the portion of the performance released on tape.”

Latest Developments, April 4

In the latest news and analysis…

Aid down
The Organisation for Economic Co-operation and Development announced that 2011 marked the first time in 14 years that aid from its member countries had decreased.
“In 2011, members of the Development Assistance Committee (DAC) of the OECD provided USD 133.5 billion of net official development assistance (ODA), representing 0.31 per cent of their combined gross national income (GNI). This was a -2.7 % drop in real terms compared to 2010, the year it reached its peak. This decrease reflects fiscal constraints in several DAC countries which have affected their ODA budgets.”

Transfer pricing
Reuters reports Brazilian tax authorities have announced new regulations regarding billions of dollars worth of intra-company trade by transnational corporations.
“Under new rules, the Brazilian units of companies such as Bunge, Cargill, Louis Dreyfus, Glencore and Noble must value transactions with overseas units of the same company using international price benchmarks, said Sandro Serpa, a top enforcement official at Brazil’s Federal tax authority.
The measures are aimed at ending “price manipulation” of inter-company imports and exports that allow multi-national companies to evade local taxes, he said.”

Landmine talk
Human Rights Watch points out that while the US has condemned Syria’s use of landmines, America has yet to join the ban on the weapons.
“The United States is not a party to the 1997 Mine Ban Treaty, which comprehensively prohibits antipersonnel landmines and requires their clearance and assistance to victims. Yet the US already follows most of the treaty’s key provisions and has condemned new use of landmines by others. On March 14, US Ambassador Susan Rice and the State Department both described reports of Syria’s use of antipersonnel mines on its borders with Lebanon and Turkey as ‘horrific.’

Until the current policy review is completed, the 2004 Bush policy remains in place, permitting the US to use self-destructing, self-deactivating antipersonnel mines anywhere in the world. In accordance with this policy, the US no longer uses antipersonnel mines that do not self-destruct – sometimes called ‘persistent’ or ‘dumb’ mines – anywhere in the world, including in Korea.”

Indigenous IP rights
The Washington Post reports that a DC-based law firm has launched a “first-of-its-kind practice” that combines intellectual property and human rights.
“Spearheaded by founding director and veteran attorney Jorge Goldstein, who specializes in health sciences, the pro bono practice aims to use patent and copyright laws to help indigenous groups in developing countries protect and leverage their right to native or regional intellectual property — such as medicinal plants, artwork and designs — that often get co-opted, patented and sold by multinational corporations, including pharmaceutical companies.”

Intervention doctrine
Manuela Picq, most recently a visiting professor and research fellow at Amherst College, draws a direct line between today’s political ethics and the 15th Century Vatican doctrine of discovery that called for enslavement of non-Christians and occupation of their lands.
“The discourse that rationalised the colonisation of the Americas in the sake of Christianity is the same that justifies protecting human rights in Iraq or privatising water supplies for the sake of development.

Dominant cultures continue to intervene in the autonomy of indigenous peoples. This continuum is proof that the doctrine of intervention did not die with formal processes of decolonisation, adapting to new zeitgeists like a chameleon.
The practice of conquest, more diverse than often assumed, needs to be reconceived as a global political challenge that concerns us all rather than as a mere cultural concern discussed in indigenous forums. It is the international system that is at stake. Universalism cannot be exported, much less imposed. It is a collective practice.”

White guilt
The Center for Global Development’s Charles Kenny writes that people in wealthy countries hold views that “would make [Rudyard] Kipling proud” and are “positively harmful” to both rich and poor countries.
“A recent study in Britain suggested that the dominant image of developing countries remains ‘malnutrition and pot-bellied young children desperate for help with flies on their faces.’ Perhaps that’s not surprising when a survey by journalist Marlon Miller looking at ten years of Africa coverage by major U.S. print media found the most common topic of articles was conflict, corruption, and crime. Or when well-intentioned efforts to mobilize support for famine relief or bringing war criminals to justice in Africa tend to emphasize the worst of the continent and play up the role of outsiders.”

Resultism
The Overseas Development Institute’s Jonathan Glennie criticizes the “limited nature of development inquiry” that tends to focus on results and cost effectiveness to the virtual exclusion of other considerations.
“So while the Bank’s own evaluators (generally reckoned to be well-equipped and relatively independent) say that 59% of country assistance strategies are completed satisfactorily, the really interesting question is how many of those helped the country rather than hindered it. While Bank advice has helped some countries achieve development, there is no doubt it has done the opposite in others – the evidence is overwhelming. That makes the 59% number meaningless in terms of what it tells us about actual poverty reduction. But it fulfils the requirement of being a number, and will therefore be used in countless powerpoint presentations.”

IFI criticism
Inter Press Service reports on calls by NGOs for international financial institutions, such as the World Bank and International Monetary Fund, to practice what they preach when it comes to transparency and accountability, and to alter their traditional policy prescriptions which critics deem harmful to the world’s poor.
“Other groups, such as the Europe Corporate Observatory, raise similar complaints against the Bank and the IMF, for supporting free trade agreements (FTAs) with developing countries, which obviously damage local public health initiatives and food provision.
The most salient case is the European FTA with India, slated to come into force this year, which would force the Indian pharmaceutical industry to cease producing inexpensive generic medications to treat contagious diseases such as HIV/AIDS, which most of the developing world is dependent on as a cheap alternative to patented drugs.”

Latest Developments, March 29

In the latest news and analysis…

Migrant deaths
The Guardian reports that the lead investigator into the maritime deaths of dozens of African migrants has called Europe’s talk of human rights “meaningless.”
“Despite emergency calls being issued and the boat being located and identified by European coastguard officials, no rescue was ever attempted. All but nine of those on board died from thirst and starvation or in storms, including two babies.
The report’s author, Tineke Strik – echoing the words of Mevlüt Çavusoglu, president of the Council of Europe’s parliamentary assembly at the time of the incident – described the tragedy as ‘a dark day for Europe’, and told the Guardian it exposed the continent’s double standards in valuing human life.

The incident has become well known due to the harrowing accounts of the survivors, but the report makes clear that many similar ‘silent tragedies’ have occurred in recent years. Last year a record number of migrant deaths were recorded in the Mediterranean. ‘When you think about the media attention focused on the [Costa] Concordia and then compare it to the more than 1,500 migrant lives lost in the Mediterranean in 2011, the difference is striking,’ Strik said.”

Yemen drones
The Bureau of Investigative Journalism reports there has been a sharp increase in “covert US strikes against alleged militants” in Yemen since the start of the Arab Spring.
“At least 26 US military and CIA strikes involving cruise missiles, aircraft, drones or naval bombardments have taken place in the volatile Gulf nation to date, killing hundreds of alleged militants linked to the regional al Qaeda franchise. But at least 54 civilians have died too, the study found.

At least five US attacks – some involving multiple targets – have so far taken place in Yemen this month alone, in support of a government offensive to drive militants from key locations. In comparison, Pakistan’s tribal areas, the epicentre of the CIA’s controversial drone war, have seen just three US drone strikes in March.”

Sweden’s Saudi scandal
Agence France-Presse reports Sweden’s defence minister has resigned in the midst of controversy over a secret arms deal with Saudi Arabia.
“Earlier this month public broadcaster Swedish Radio said the Swedish Defence Research Agency (FOI) had secret plans since 2007 to help Saudi Arabia build a plant for the production of anti-tank weapons.
The radio said part of the so-called Project Simoom involved the creation of a shell company called SSTI to handle dealings with Saudi Arabia in order to avoid any direct links to FOI and the government.

Sweden has in the past sold weapons to Saudi Arabia, but classified government documents state that Project Simoom ‘pushes the boundaries of what is possible for a Swedish authority,’ the radio said when it broke the story on March 6.”

Apple/Foxconn promises
Reuters reports that Apple has promised to work with Foxconn to increase wages and improve working conditions in their Chinese factories.
“The moves came in response to one of the largest investigations ever conducted of a U.S. company’s operations abroad. Apple had agreed to the probe by the independent Fair Labour Association in response to a crescendo of criticism that its products were built on the backs of mistreated Chinese workers.

Apple, the world’s most valuable corporation, and Foxconn, China’s biggest private-sector employer and Apple’ main contract manufacturer, are so dominant in the global technology industry that their newly forged accord will likely have a substantial ripple effect across the sector.”

Patent objection
The Economic Times reports that the US has criticized India for greenlighting the manufacture of a generic version of a cancer drug for which Germany’s Bayer holds the patent.
“The compulsory licence would allow the company to make a generic, or copycat, version of the patented cancer drug bringing down prices by about 30 times. ‘[US Commerce Secretary John] Bryson said pharmaceuticals was a competitive area and heavy investments went into R&D every year. Any dilution of the international patent regime was a cause for deep concern for the US,’ the official said.
Defending the move, [Indian Commerce & Industry Minister Anand] Sharma said the compulsory licence strictly complied with the flexibility norms provided in the Trips (trade-related intellectual property rights) Agreement of the WTO since a large number of cancer patients died in the country every year as they could not afford treatment.”

Widening Kimberley
Reuters reports that the Kimberley Process is considering expanding the definition of “conflict” it uses in monitoring of the global diamond trade.
“ ‘What we would like to see is in essence that there be a clear agreed understanding amongst the membership that conflict is something more than only a rebel group seeking to overthrow a legitimate government,’ [Kimberley Process chairwoman Gillian Milovanovic] said.”

Madagascar anniversary
Le Monde marks the anniversary of “one of the most significant colonial massacres” which killed tens of thousands in Madagascar over the course of nearly two years.
“This Thursday, March 29, Malagasies commemorate the 65th anniversary of the start of the insurrection. Independent since June 26, 1960 – after 65 years of French colonization – the Red Island remembers a ‘pacification’ that consisted of torture, burned villages, summary executions and a French expeditionary force composed mainly of colonial troops. Some 18,000 soldiers landed in April 1947. Their numbers reached 30,000 in 1948. ” (Translated from the French.)

Extreme extractivism
Human rights lawyer Magdalena Gómez points to the recent deaths of anti-mining protesters as evidence of the excessive power transnational corporations have gained in Mexico.
“We have already heard the usual arguments that attribute the attacks to rifts in the community—and they do exist–but no one stops to analyze that these divisions are promoted by the alliances forged by the mining companies.
The truth is that, beyond the investigations required to arrest and prosecute the masterminds and perpetrators of these crimes, it’s urgent that we look into the devastating effects of the policy of granting mining concessions without regard to the territorial rights of the peoples.

Until the fallacy that transnational corporations are simply private actors is rejected and what has been called “the architecture of impunity” is deconstructed, peoples’ rights will be impossible to guarantee in the face of the reality of governments subjugated to transnational capital.” (Translated by the Center for International Policy’s Michael Kane)

Latest Developments, February 28

In the latest news and analysis…

Corporate immunity
The Huffington Post reports that the US Supreme Court looks set to decide that corporations should not be held liable for human rights violations committed overseas. “The Court was hearing oral argument in Kiobel v. Royal Dutch Petroleum, which was brought under a founding-era law, commonly called the Alien Tort Statute, that allows foreign nationals to bring civil lawsuits in U.S. federal courts ‘for a tort only, committed in violation of the law of nations or a treaty of the United States.’ The 12 Nigerian plaintiffs contend that Shell Oil’s parent company aided and abetted the Nigerian government in its torture and extrajudicial killing of environmental and human rights protesters resisting Shell’s operations in Nigeria in the 1990s.
The Alien Tort Statute says nothing about what types of defendants — corporate, individual, state — may be sued. In the past year, the four appeals courts to take on the issue of corporate liability have divided 3-to-1 in favor of those bringing the lawsuits. But Tuesday’s oral argument reinforced the relevancy of another aspect of all these decisions: their partisan nature. Save one defection from each side, every Democrat-appointed judge held for corporate liability, and every Republican appointee found for corporate immunity.”

Nuclear dysfunction
Former Australian foreign minister Gareth Evans argues the international community has lost its momentum on nuclear disarmament and calls for the G20 to take up the file.
“With its foreign ministers meeting in Mexico this month to discuss broader global governance issues, the G-20 is beginning to move beyond a narrow economic focus. That is to be welcomed. Economic destruction causes immense and intolerable human misery. But there are only two global threats that, if mishandled, can destroy life on this planet as we know it. And nuclear weapons can kill us a lot faster than CO2 can.”

Latin American legalization
Ralph Espach of the Center for Naval Analyses writes that Mexican, Colombian and Guatemalan leaders are discussing, over US objections, the possibility of legalizing the drug trade within their region.
“It is easy to see why. The drug war has been a disaster for the Latin American countries fighting it, especially Mexico, and Central Americans’ suspicion that legalization could be less painful and costly is reasonable. Whether or not legalization would in fact be a good thing for Central America, the situation is desperate enough that they must at least consider their options.”

Reverse colonization
Africa is a Country’s Buefixe takes exception to the tone of recent media reports on the changing relationship between debt-ridden Portugal and its booming former colony Angola.
“Then there is the quote from the foreign investment lawyer, Tiago Caidado Guerreiro, who says that ‘we’re being colonized after 500 years by them,’ referring to investments by Angolans in the Portuguese economy. True, wealthy, politically powerful Angolans have been buying up parcels of Portuguese companies, but that does not equal colonization, not by a long shot. Angolans are not, for example, creating settler colonies in Portugal, or changing the nature and character of local institutions of education, government and culture.”

Olympic sweatshops
just-style reports on new measures announced by organizers of the London Olympics following the discovery of labour abuses at factories making Olympic products.
“[London Organising Committee of the Olympic Games and Paralympic Games] will publish the names and locations of factories in China and the UK covering over 70% of the licensed products produced for London 2012, with a focus on licensees that still have production remaining.
It will make information about employment rights, based on national laws and LOCOG’s ethical code, available in Chinese and English, and establish a Chinese language hotline so that workers who feel they are being treated unfairly can either call or text to complain about their treatment.
It will also provide training for some of the workers in the various Olympic supply chains to make them more aware of their rights.”

Patent bullying
Bloomberg reports a US judge has dismissed a lawsuit brought by a group of American organic farmers against agribusiness giant Monsanto regarding patents for genetically modified seeds.
“ ‘[U.S. District Judge Naomi Reice Buchwald’s] decision to deny farmers the right to seek legal protection from one of the world’s foremost patent bullies is gravely disappointing,’ Daniel Ravicher, a lawyer for the plaintiffs, said in an e-mail. ‘Her belief that farmers are acting unreasonable when they stop growing certain crops to avoid being sued by Monsanto for patent infringement should their crops become contaminated maligns the intelligence and integrity of those farmers.’ ”

General Electric’s tax bill
Citizens for Tax Justice alleges that General Electric paid “at most 2.3 percent” in US federal income taxes on $81.2 billion in profits over the last decade.
“[Citizens for Tax Justice’s Bob] McIntyre noted that GE has yet to pay even that paltry 2.3 percent. In fact, at the end of 2011, GE reports that it has claimed $3.9 billion in cumulative income tax reductions on its tax returns over the years that it has not reported in its shareholder reports — because it expects the IRS will not approve these ‘uncertain’ tax breaks, and GE will have to give the money back.
GE is one of 280 profitable Fortune 500 companies profiled in ‘Corporate Taxpayers and Corporate Tax Dodgers, 2008-2010.’ The report shows GE is one of 30 major U.S. corporations that paid zero – or less – in federal income taxes in the last three years.”

Post-aid landscape
The Overseas Development Institute’s Jonathan Glennie makes the case for a diminished role for the OECD’s development assistance committee (DAC) that would better reflect the world’s shifting power relations.
“Rather than seeking to be a global broker of development co-operation, which was never going to work in a newly balanced world, the OECD should just be a club of particularly rich countries, and should meet with clubs comprising other countries to bash out agreements. Such debtors’ or recipients’ clubs have long been needed to balance the power of the DAC or the Paris Club (which manages sovereign debts), and may now emerge.”

Latest Developments, February 23

 

In the latest news and analysis…

Outside solutions
Oxfam’s Barbara Stocking has expressed disappointment over the Somalia conference in London, which UK Prime Minister David Cameron hailed as a “turning point.”
“While we recognise the huge efforts of the UK Government to make the conference a success, what we had hoped for was a recognition that 20 years of internationally imposed solutions have failed. However, what we’ve seen once again are externally driven solutions that haven’t worked, aren’t working and will not work.

What we got was the rhetoric of Somali inclusion but you cannot go forward with a new constitution and elections in such a troubled country without a wide and inclusive political engagement within Somali society.”

Madonna strikes again
The Guardian reports Madonna’s latest school-building scheme in Malawi has run afoul of education officials who say they have not been consulted.
“…John Bisika, Malawi’s national secretary for education, science and technology, told the Guardian: ‘We have had no written or verbal communication. We just read about it in the papers. I don’t understand how she can work like that. For someone to go to the papers and say, ‘I’m building schools’, without telling the government, I find it a strange way of working.’
He added: ‘When will she build these schools? How will we know where these schools are needed? We need to do this in a co-ordinated manner. I wouldn’t just go to the UK and start building schools.
‘We need to be approached and work out where the schools are needed, based on school mapping. If she doesn’t come through us, it will not happen. We can’t just see people building schools. Let’s do it properly.’ ”

Patent reform
Intellectual Property Watch reports that UN talks have moved one step closer to an international agreement concerning genetic resources, although substantial differences remain over “mandatory disclosure of origin in patent applications.”
“The Indian delegate said ‘none of us here’ want to give ‘the impression that we are against the patent system’ but ‘there is a lot of free riding that is going on,’ he said, and the companies are taking traditional knowledge and claiming that it is their own, to the detriment of local communities he said. For the integrity of the patent system it is important that such bad patents are not granted, he added.”

Corruption by another name
The Tax Justice Network reproduces the communiqué released at the inaugural meeting of the High Level Panel on Illicit Financial Flows from Africa.
“Illicit financial outflows constitute a major source of resource leakage from the continent draining foreign exchange reserves, reducing tax collection, dwindling investment inflows, and worsening poverty in Africa. The methods and channels of illicit financial outflows are many and varied including tax havens and secrecy jurisdictions, over-invoicing, under-pricing, and different money laundering strategies. This source of resource outflows is far bigger and higher in terms of scale and magnitude than the normal corruption channels, which are focused upon globally.”

Infantilizing nations
Michael Marder of the University of the Basque Country, Vitoria-Gasteiz sees parallels between European current events and earlier dark chapters in the continent’s history.
“The infantalisation and animalisation of entire nations, for course, is nothing new for Europe that has had a long tradition of portraying itself in terms of the beacon of humanity and that has invariably resorted to the idea of its ‘civilising mission’ throughout it colonial conquests and expansions. Now, almost four decades after the last European countries have withdrawn from the colonies overseas, the same rhetoric is being turned inward, retracing the new political economic continental rift between the North and the South of Europe. Exploitation is the one constant that remains after this shift: exorbitant interest rates and repayment conditions attached to the bailout package will make sure that the debtor countries organise their economies around the need to service their debt for the foreseeable future.”

Price of doing business
Duke University’s Christine Bader asks why more extractive companies are not taking preventive measures to avoid escalation of conflict with host communities.
“[Former UN special representative for business and human rights, John] Ruggie suggests that most companies aren’t yet adding up what he calls those “costs of conflict,” which might be dispersed across security, public relations, legal, and operational budgets, and therefore aren’t motivated to act.
Some companies worry that opening up lines of communication will open the floodgates for specious claims. But a Harvard University study concluded that ‘the mere existence of a quality grievance mechanism can improve a company’s relations with affected stakeholders and thereby reduce grievances, as it signals that the company is ready to be held accountable, to confront, acknowledge and learn from problems.’ ”

Oil opacity
The Economist takes on the extractive industry’s “many objections” to more stringent transparency requirements, such as those contained in America’s Dodd-Frank act.
“But businesspeople struggle to produce examples of how local restrictions on publishing confidential contract details could clash with transparency requirements elsewhere. Contracts in developing countries typically have a clause permitting disclosures that are required by the company’s home country and stock exchange. Nor does greater disclosure seem to hurt competitiveness. In 2011 Angola awarded several new deepwater oil concessions to firms covered by Dodd-Frank. No oil company has so far cited increased openness as a material risk in its [US Securities and Exchange Commission] filings.
The expense has been minimal for the few, such as America’s Newmont Mining, that already provide country-level reporting (none yet breaks the numbers down project-by-project). Exxon says that the new rules would cost $50m. That is a lot of money, to be sure, but only 0.1% of last year’s profits. Companies already collect for internal use the data they are being asked to make public.”

Know thyself
UC Irvine’s Mark LeVine argues that if American and European citizens really want to help their counterparts in countries like Syria, they must first become more knowledgeable about their own countries’ “foreign policy interests and practices.”
“And if they got such knowledge, it would demand a much larger transformation in the political culture and economic structures of their own societies, which have always been intimately tied to support for authoritarianism and corruption abroad.”