collected snippets of immediate importance...


Saturday, April 19, 2008

electoral revolution in nepal:
While focusing on the individual's path to enlightenment, Buddhism did not ignore social reality. The early order of monks and nuns applied itself to charitable work, such as the establishment of hospitals and shelters for the homeless. In an extraordinary break with the social order, Siddhartha Gautama (a.k.a Buddha) rejected the caste system, declared that those of any background could be enlightened, and insisted on delivering his sermons in the local dialects wherever he traveled. He was in that sense a revolutionary. And a world-conqueror: the Buddha directed his followers to spread the word throughout the world, and thus Buddhism gradually spread from the Himalayan foothills to Sri Lanka, to northeastern Iran, to China and Japan, to southeast Asia.
the trillion dollar crisis:
Not one summit of the eight most industrialized countries, the G8, ends without a promise to increase ODA, particularly towards Africa, the continent which is most affected by poverty. Since 1970, the rich countries have promised to increase it to 0.7% of their Gross National Income (GNI). This figure is respected by only five countries: Norway, Sweden, Luxembourg, Denmark and the Netherlands. Last place is occupied by the US, with a figure of 0.16%.
(...) From a global perspective, the ODA does not rise above 0.28% of the GNI, despite a series of statistical manipulations designed to camouflage the low value of the aid money given by rich countries: in fact, they include in the ODA dubious figures such as debt relief, the expenses of the US to rebuild Iraqi and Afghan infrastructures that it destroyed, the tuition fees of students from the South who study in the North, the salaries of expatriated staff and the multitude of consultants who defend the interests of donor countries or who produce costly and useless reports. Furthermore, this aid is largely directed towards countries of geostrategic interest to the donor country, with flagrant disregard for the real needs of the countries of the South: apart from Iraq and Afghanistan, the major beneficiaries of US aid are the Sudan, Colombia, and obviously Israel.
(...) On the other hand, according to the International Monetary Fund (IMF), the potential cost of the current international crisis is approximately 1,000 billion dollars, a result of the so-called 'subprime' crisis that emerged in the summer of 2007 and continues to wreak havoc. In a report published on the 8th of April, the IMF has estimated this cost at precisely 945 billion dollars for the international financial system, of which 565 billion is directly linked to the system of risk-laden mortgage loans. Here is what happened: to obtain astronomical profits on their liquidities, credit institutions loaned out to an already heavily indebted sector of the population, within the poor or middle classes, at a fixed and medium rate for the first two years to entice clients, before the rate increases sharply during the third year. The lenders asserted to the borrowers that the property that they were buying, which also acted as guarantee against the loan, would rapidly rise in value due to ascending prices in the real estate market. In 2007 the real estate bubble burst. The crisis then spread to multiple financial actors which had devised extraordinary debt structures and had carried out enormous operations off the books.
(...) In 2000, the United Nations Development Programme (UNDP) advanced the figure of 80 billion dollars over ten years as the amount required to guarantee universal access to drinking water--yes, universal ­, a decent diet for children, primary education for all, basic health care, including gynecological care. Thus, the challenge was to find 800 billion dollars in total. They were not found, and the living conditions of billions of individuals have continued to decline. The abrupt rise in the price of foodstuffs, due to the development of the production of biofuels, has now thrown tens of millions of inhabitants of Africa, Latin America and Asia into absolute poverty. Food riots have erupted in Haiti, Egypt, the Ivory Coast, Senegal, Cameroon, Burkina Faso and this is only the beginning. Instead of approaching the Millennium Development Goals, however tentative these may be, we are getting further away at great speed. The current banking crisis will cost 1,000 billion dollars, and will prove, that in the case of the 800 billion proposed by the UN to guarantee some basic human rights, it was the political will that was lacking. It is a flagrant violation of the Universal Declaration of Human Rights and other international treaties. It is unacceptable and unforgivable. And it is the very logic of the economic model that should be questioned.
losing haiti:
But Brazilian soldier Tailon Ruppenthal is less starry eyed about MINUSTAH. In a recent memoir of his tour of duty, Rupenthal writes, "After a few months even getting out of bed is hard. You remember that you will cross paths with all those people who are starving but there's nothing you can do." The Brazilian, who now suffers from post-traumatic stress syndrome, concludes, "we are losing the real war: against poverty Only the fight against poverty will bring peace. When will they see that?"
(...) Schuller told me, "It behooves us not to think of it as a 'failed state.' Rather, it is best understood as a successfully failed state. As of last estimate, 65% of Haiti's government revenue comes from international agencies, 84% of its rice grown abroad. This is because of U.S. and other Northern countries' economic policies wherein Haiti's ability to feed itself with domestic rice production was wiped out by Washington-subsidized imports that U.S. agribusiness has profited from. At Ronald Reagan's behest, Haiti initiated a series of neoliberal measures in the 1980s, including trade liberalization, privatization and decreasing investment in agriculture, that led to the disappearance of Haiti's cotton and sugar export industries. During the 1990s, the U.S. conditioned its food aid ­ sent to alleviate a hunger crisis ­ with demands that Haiti lower its tariffs and open its markets to U.S. imports. This subsidized U.S. rice was much cheaper than Haitian rice, forcing local farmers out of business. Over the same period, Haiti became increasingly more reliant on the International Financial Institutions, which imposed more neoliberal conditions on its help. Since 1980, when Haiti started receiving the Banks' help in earnest, its per capita Gross Domestic Product has shrunk by 38.3%. Haiti is left with a 1.4 billion dollar multinational debt, with a debt service next year of almost 80 million. In addition to draining resources from needed sectors ­ such as health, education, or developing national production, this debt has served as leverage for the IMF and World Bank to impose even more neoliberal measures."
resurrecting greenspan:
Hillary Clinton proposed that Congress show its bipartisan spirit by appointing an "emergency working group on foreclosures," to be led by none other than Alan Greenspan and earlier Federal Reserve Chairman Paul Volcker, and Clinton Treasury Secretary Robert Rubin. Her idea was for them to come up with a plan to alleviate the subprime and financial crisis. This seems like calling in arsonists to help put out the fire that they and their own constituency had set in the first place. Their lifelong interest, after all, had been to promote deregulation and special tax favoritism for their Wall Street constituency, highlighted by repeal of Glass-Steagall in 1999 under Pres. Clinton. Representing the banking sector and Wall Street (and hence being essentially Republicans in spirit), they were precisely the lobbyists most in favor of anti-labor, pro-creditor policies.
(...) ...it was Greenspan that acted as a kind of economic Karl Rove in crafting anti-labor policies favoring the very rich, above all the Social Security tax-shift onto labor's shoulders to which Mrs. Clinton pointed. He welcomed recession as an excuse to cut taxes, ostensibly to "jump-start" economic growth but actually producing a benefit mainly for wealthy investors and property owners.
(...) The Bush Administration's enormous commitment of public funds to support Wall Street prompted columnist Martin Wolf of the Financial Times to announce that the free market was dead. "Remember Friday March 14, 2008," he wrote; "it was the day the dream of global free-market capitalism died. Deregulation has reached its limits." The price for Treasury support would have to be an end to the deregulation that had permitted the debt crisis to reach such unprecedented proportions. As evidence of the new attitude Wolf cited "the remark by Joseph Ackermann, chief executive of Deutsche Bank, that 'I no longer believe in the market's self-healing power.'"
(...) Financial lobbyists accordingly anticipate that "the coming fight will rival the storm leading up to the 1999 passage of the Gramm-Leach-Bliley Act [which repealed Glass-Steagall]. That law made it easier for securities firms and banks to be owned by the same company, dropping regulatory barriers in place since the Great Depression. In 1998 and 1999, when Congress was finalizing passage of that law, the financial-services industry spent a combined $417 million on lobbying, according to the Center for Responsive Politics. In 2007, financial-services companies spent more than $402 million on lobbying, led by $138 million from the insurance industry."
(...) Repeal of Glass-Steagall gave the subprime debacle its jump start by removing the Depression-era roadblock from bank merging with brokers. This permitted financial conglomerates to be formed and gave them the ability to securitize (that is package), loans as investments. Vertical financial conglomerates were formed, starting with Citibank's merger with Travelers Insurance, and leading up to the recent intention of Bank of America to acquire the troubled Countrywide Financial, the nation's leading subprime lender.
(...) The implication is that anything that lowers costs to Wall Street--by rolling back regulatory bureaucracies and reporting requirements such as are called for by the Sarbanes-Oxley legislation--will be passed on to customers. Such presumptions ignore the fact that Wall Street prefers to pay out its profits as bonuses or dividends rather than pass on cost savings. What is passed onto its customers instead is runaway CEO compensation. "Market discipline" has not kept financial markets honest or low-priced. Deceptive subprime practices have made dollar investments a pariah in global financial markets. Investors have lost faith in the nation's investment bankers, mortgage brokers and credit-rating firms, drying up the market for U.S. mortgage-backed securities and leading to their being dumped across the board.
(...)What seems most remarkable in Mr. Paulson's and Dr. Bernanke's comments is the absence of quantitative discussion of just what the "systemic risk" is. The bailout is to be paid by the non-financial sector, above all labor ("consumers") to "save the system." But just what is the system? It certainly is not industrial production. It is more a faith that compound interest can keep on expanding ad infinitum. The reality is that the exponentially soaring debt overhead threatens to plunge the economy into chronic depression as interest and other financial charges eat further and further into the economy's ability to spend on consumption and tangible capital investment. To ignore this financial dynamic is to turn economics into a junk science.
(...) For the past decade the banking system and its mortgage-broker affiliates have avoided the usual wave of defaults and insolvencies by lending debtors enough money to pay the interest charges. Adding the interest onto the debt in this way is known as a Ponzi scheme. It requires an exponentially growing influx of funds to pay investors and creditors, and hence cannot be sustained for long, because no economy in history has grown at the exponential rates needed to keep up with the debt overhead. This is the basic problem at the core of today's economic policy. It aims to save the "sanctity of debt," that is, the financial sector's claims on the rest of the economy. But this attempt only polarizes the economy between creditors at the top of the pyramid and an increasingly indebted base at the bottom.
(...) So let's start by discarding the inane propaganda about unmanaged (that is, deregulated) "free" economies, the faith-based belief that self-regulating economic systems exist that must not be "interfered with" by government bureaucrats, formerly known as regulatory agencies, attorneys general and state prosecutors, Congressional oversight committees and what remains of New Deal agencies. This anti-government, anti-regulatory propaganda has been pushed for decades so that public agencies and Congress, supposed to act as representatives of the people, remain only passive spectators to an economy left in private hands for financial profit. The reality is that all economies are managed, either by the private sector or by government--usually by a combination of the two. Any successful economy engages in forward planning, and any well-balanced economy shapes how "the market" operates. Adam Smith's Wealth of Nations was all about how wise governments should shape--and tax--their markets. America's present-day economic system didn't evolve through natural forces, much less by divine intervention. Its industrial takeoff was subsidized by protective tariffs, internal improvements--that is, public infrastructure spending--and increasingly progressive taxation.
an interview with robert fisk:
RF: There are several things. First of all, there's the inability of many journalists from the United States to actually tell the truth about the Israel-Palestine situation--hence, occupied territories are called disputed territories, the wall is called the security barrier, a colony or settlement is called a neighbourhood or an outpost. Which means that if you see a Palestinian chucking a stone, if it's about an occupation, you can understand it, but if it's about a dispute, which you can presumably settle over a cup of tea, then obviously the Palestinians are generically violent. So you demean one side in this appalling conflict.
(...) RF: Then you have this business where television will not show what we see, for reasons of so-called "bad taste". I remember once being on the phone to a TV editor in London when Jazeera were asked to feed some tape of children killed and wounded by British shell fire in Basra, and the guy started saying, "there's no point feeding us this, we can't show this"the first excuse was, "people will be having their tea, so we can't put it on", and then it was, "this is sort of pornography, we don't show this". And it ended up--it is mesmeric to listen to this stuff - the last thing was "We have to show respect for the dead". So we don't show any respect for them when they are alive, we blow them to bits, and then we show respect for themSo because of this - and these bloodless sandpits with ex-generals pontificating - it becomes a game; you start propagating this idea that war is primarily about victory or defeat - when in fact, it's about death, and the infliction of massive pain.
(...) RF: I was in Iraq in 1991, when the British and Americans had been bombing one of the highways. There were women and children dead and in bits, and all these dogs came out of the desert and started eating themIf you saw what I saw you would never ever think of supporting war of any kind against anyone again.
(...) RF: Just as the wall is called a fence instead of a wall, and it's a neighbourhood not a settlement, so these are now contractors rather than mercenaries. I've always called them mercenaries. When they say two 'contractors' have been murdered, the idea that they are going around in an armoured humvee loaded with weapons doesn't come into the brain pod immediately does it?"
(...) RF: But you don't actually have to set off car bombs to do this. Look at the way we as journalists publish all these maps, you know--Shi'ites at the bottom, Sunnis in the middle, Kurds at the top. The British did the same in Belfast - green for Catholics, Orange for protestants, medium sherry colour for mixed areas, for people who are inconsiderate enough to marry across the religious divide. But we don't, obviously, do these ethnic maps about Birmingham or Bradford or Washington. I could draw you an ethnic map of Toronto, with the suburb of Mississauga green for Muslim. But they wouldn't print it. Because in our superior, civilised Western society, we don't acknowledge it. In their society, we spend our time pointing it out to them. I was in New York some months ago, and on the front cover of Time was "How to tell a Sunni from a Shia." Can you imagine it?
(...) The dilemma for the US in Iraq, as Fisk puts it, is that "they must leave, they will leave, but they can't leave--that is the equation that turns sand into blood". For those who want to understand this process, and what it means in human terms, rather than simply be lied to about it, Robert Fisk's reporting is a good place to start.
a himalyan surprise:
The communists here had always been at the forefront of democratic struggle. Formed in 1949, the Communist Party of Nepal (CPN) went through all the twists and turns of international communist movement. It split. It re-united. Only to split again. It was a unification of CPN (ML) and CPN (Marxist) led to CPN (UML-Unified Marxist Leninist) in 1991 while there was a split in Samyukta Jana Morcha Nepal (SJMN) in late 1993 fathered CPN (Maoists). At the time of split, SJMN was third largest party in the parliament with nine MPs.
(...) Hence UML was voted by the electorate to power in 1994. But the communist government not only failed to deliver the land reforms it had promised, it also disillusioned its cadres. An isolated UML government was easily removed by the monarch in August 1995
(...) As the UML was losing its electoral base in the towns, the Maoists were gaining ground on the countryside. An uprising launched in 1996, had soon assumed the control of almost 70 percent of the countryside.
(...) However, it was Maoists radical ideas on land reform and negation of the caste system that won them support. They began running the districts under their control through people's committees and implemented land reforms, besides setting up "people's courts".
(...) Traditionally, India and Britain supported the Nepalese monarchy, but, of late, the US has increasingly been extending its support too. The Bush administration put the CPN-M on its list of terrorist organisations on October 31, 2003, and also signed a five-year agreement "for co-operation in fighting terrorism and preventing possible terror attacks" with Nepal in 2002.
Washington may have concerns about the impact of instability in Nepal on the Indian subcontinent as a whole. But the major reason for the growing US military ties with Nepal was the country's strategic position. Washington has a series of military arrangements with countries bordering China, stretching from its new bases in the Central Asian republics through South-East Asia to its formal allies in north-east Asia: Japan and South Korea. Therefore, the United States became a major provider of military assistance to Nepal, allocating over $29 million in grants to Nepal to pay for US weapons, services and training from October 2001 to October 2004.
a new struggle is beginning in iraq:
‘The Shia are the majority in Iraq and the Sadrists are a majority of this majority,’ a former Shia minister told me. ‘They make up 30 to 40 per cent of the total Iraqi population.’ The population of Iraq is 27 million: on this ex-minister’s calculation, up to ten million of them support Muqtada.
(...) The Shia community is splitting apart after five years of solidarity. It is a split not just between the government and the militias but between rich and poor.
(...) As the Iraqi army started to advance in Basra at the end of March it became clear that Maliki’s offensive was targeted solely against the Mehdi Army. It did not touch the other two main militias in Basra, the Badr Organisation and Fadhila, a Sadrist splinter group powerful in the oilfields. Iraqis were not persuaded by Maliki’s argument that his aim was to eliminate criminal gangs in Basra. Banditry is obviously rife: a businessman friend told me that, to move a container from Umm Qasr port near Basra to Arbil in northern Iraq, he had recently paid $500 in transport fees and $3000 in bribes. Given that government officials in Baghdad seldom do anything without a bribe, Maliki’s claim that he would end criminality in Basra was never going to be convincing.
(...) By this time, American generals and politicians were saying that they had known nothing about Maliki’s disastrous offensive until the last minute -- conveniently forgetting that the Americans had been urging Iraqi prime ministers to attack the Mehdi Army since 2004.
our reign of terror, by the israeli army:
The birds are singing as he describes in detail some of what he did and saw others do as an enlisted soldier in Hebron. And they are certainly criminal: the incidents in which Palestinian vehicles are stopped for no good reason, the windows smashed and the occupants beaten up for talking back – for saying, for example, they are on the way to hospital; the theft of tobacco from a Palestinian shopkeeper who is then beaten "to a pulp" when he complains; the throwing of stun grenades through the windows of mosques as people prayed. And worse.
(...) Did you hit them? "Sure, not just them. Anyone who came close ... Particularly legs and arms. Some people also sustained abdominal hits ... I think at some point they realised it was soldiers, but they were not sure. Because they could not believe soldiers would do this, you know."
(...) "Anyway, the kid was stood up, and couldn't stay standing on his own two feet. He was already crying ... And the commander continues, 'Don't pretend' and kicks him some more. And then [name withheld], who always had a hard time with such things, went in, caught the squad commander and said, 'Don't touch him any more, that's it.' The commander goes, 'You've become a leftie, what?' And he answers, 'No, I just don't want to see such things.'
(...) In its introduction to the testimonies, Breaking the Silence says: "The soldiers' determination to fulfil their mission yields tragic results: the proper-normative becomes despicable, the inconceivable becomes routine ... [The] testimonies are to illustrate the manner in which they are swept into the brutal reality reigning on the ground, a reality whereby the lives of many thousands of Palestinian families are at the questionable mercy of youths. Hebron turns a focused, flagrant lens at the reality to which Israel's young representatives are constantly sent."
no peace without hamas:
Resistance remains our only option. Sixty-five years ago, the courageous Jews of the Warsaw ghetto rose in defense of their people. We Gazans, living in the world's largest open-air prison, can do no less.
(...) Hussam was only 21, but like most young men in Gaza he had grown up fast out of necessity. When I was his age, I wanted to be a surgeon; in the 1960s, we were already refugees, but there was no humiliating blockade then. But now, after decades of imprisonment, killing, statelessness and impoverishment, we ask: What peace can there be if there is no dignity first? And where does dignity come from if not from justice?
(...) I am eternally proud of my sons and miss them every day. I think of them as fathers everywhere, even in Israel, think of their sons -- as innocent boys, as curious students, as young men with limitless potential -- not as "gunmen" or "militants." But better that they were defenders of their people than parties to their ultimate dispossession; better that they were active in the Palestinian struggle for survival than passive witnesses to our subjugation.
interview with baburam bhattarai

"So, it's not true that we abandoned the bullet to come to the ballot. We used both the bullet and the ballot in this revolution. You couldn't win with only bullets, and you couldn't win with only the ballot. Nepal's revolution has been completed in this unique manner."
(...) "We would like to assure everyone that once the Maoists come (into government) the investment climate will be even more favourable. There shouldn't be any unnecessary misunderstanding about that. The rumours in the press about our intention are wrong, there are reports of capital flight, but this shouldn't happen. And the other aspect is that once there is political stability, the investment climate will be even better. Our other agenda is economic development and for this we want to mobilise domestic resources and capital, and also welcome private foreign direct investment. The only thing we ask is to be allowed to define our national priorities."
(...) "Just watch, the labour-mangement climate will improve in our time in office."