Saturday, September 27, 2008

This Newsweek article describes the inefficiency of india's PM Manmohan Singh's reign, much of which is not actually attributed to him personally but to party politics and general corruption and incompetence.

Monday, September 22, 2008

Following the wave of infant sickness in China stemming from milk deliberately added with a hazardous chemical, as well as other similar products, there has been a lot of outrage, both domestic and international, over food quality in China. This Toronto Star piece talks about how this crisis is symptomatic of the "Two Chinas" which exist in that nation. This dual state of affairs, in which proud achievements such hosting a great Olympics and developing a space program is contradicted by tremendous problems on the domestic front such as widespread low food and product quality and significant environmental pollution. What makes it worse is the milk crisis has two dimensions, the first being the roles of the milk companies who processed and distributed these contaminated products, and the second being the government cover-up which prevented and then delayed the release of information on the sicknesses.

Sunday, September 21, 2008

Royson James of the Toronto Star has a good piece on the sad state of affairs in Haiti, which has suffered from 4 hurricanes this year. Not only is it in a seriously dire situation but it has been largely ignored by media and has not received as much aid as it needs. One of the poorest nations on Earth and so close to 2 of the wealthiest nations in the world- US and Canada. As James describes it poignantly: "the first black republic of the new world, the seat of a slave revolt that would send the pillars of Caribbean and American slavery toppling within 60 years. Maybe it's because France, America and other imperialists have never forgiven the country."
Famed activist, writer and medical doctor Paul Farmer has an article on Haiti's tremendous need for help in Counterpunch.

Friday, September 19, 2008

Here's an interesting piece on globalization by former HK governor Chris Patten (extracted from his new book) in the Guardian which might at first glance probably infuriate some of the good folks I went to school with who persist in seeing globalization as this great Western-led system of dominance.
Rather than bash it, people should understand it better, he says and points to the ironic use of globalisation by anti-globalisation activists to rally and fight it. He does say that in several developed nations like the US and the UK, most respondents in a survey thought globalization had a more negative than positive effect.
He then makes some thoughtful and effective criticisms of world trade but without blaming it on globalization itself as many do. He slams the protectionism of wealthy countries in imposing heavy tariffs on imports or banning them altogether which are hypocritical and exploitative to poor countries, as well as the obscene agricultural subsidies which powers like European nations and Japan grant to their farmers which thus enable them to keep their prices down and even export to poor countries. Of course, some might say that these unfair protectionist measures are main aspects of globalisation itself and which can't be seen as separate.

He also speaks out on the current financial crisis, saying that globalisation isn't to blame but the incompetence and greed of the financial players like banks and so on.

"I remember a banker once trying to explain to me how the mortgage of, say, an unemployed single parent in St Louis could be morphed into a triple-A rated financial investment in London, New York or Paris. Magically, impoverishment became a "special investment vehicle". Try as hard as the banker did to get me to comprehend the beautiful simplicities of the whole process, I remained baffled. It was, I suppose, some sort of relief later on to discover that it was not me who was stupid."

It's a very long article which goes all the way to the bottom but which is well worth the read.

Thursday, September 18, 2008

The world is in the midst of the alleged worst economic global crisis (since the 30s with no end in sight, as the powerful USA got caught up with the closure of a venerated brokerage firm and the potential loss of another before being saved by the government. Here's some readings on this crisis:

The bailout of AIG may actually signal more potential financial turbulence up ahead as other larger firms also indulged in the same things it did.
This AsiaTimes article explains why an insurance giant was so affected by the financial crisis.

Whatever the specific financial causes of these events, it's not surprising that a system driven by high lending and borrowing and hence, often unsound loans, would collapse over time. It's smething that's always struck me as unsustainable in the long run, like a "house built on cards" sort of thing.

Tuesday, September 16, 2008

The world economy has been sputtering a lot this year and Asia's strong economies are showing serious signs of vulnerability. This Newsweek piece asserts "why Asia won't save the world" as Asian economies so dependent on export growth and on the American consumer are beset by inflation and unable to maintain their own growth. Asian powers like Japan, South Korea and Taiwan have all been seriously affected which gives an idea of the extent of economic slowdown, with Japan and Taiwan's governments having to introduce hefty stimulus packages .
One wonders if these problems are indeed confirmation of the error in focusing on economic growth rather than a steady approach addressing domestic social problems which many of these countries especially India and China certainly have a lot of.
Is Zimbabwe's Robert Mugabe starting to come to his sense? A power-sharing deal has been agreed upon which will see opposition leader Morgan Tsvangirai become Prime Minister, though Mugabe will remain as President. Rightly so, people are skeptical and even worried like opposition leaders and even Tanzania's President. It will be interesting to check back in the near months to see how this joint government holds up.

Monday, September 08, 2008

The recent brief conflict between Russia and Georgia, fought over two disputed Georgian territories proved to be one of the most significant events of the year. Auspiciously, or inauspiciously, starting on the same day as the opening of the Beijing Olympics, this conflict set off a load of alarms all over the world, especially in Europe and the US, over the aggressiveness of Russia and the possibility of a new era of global confrontation with the heir of the West's Cold War foe Soviet Union. Several issues were perceived from the conflict including that of the right of places to secede due to ethnic or cultural differences (Kosovo being a striking example), which brought up inevitable comparisons with Taiwan's situation, Russia as a resurgent foe and possibly wanting to invade other nations namely Ukraine, and the role of the US as global superpower being brought into question, in its inability to directly assist Georgia. The biggest issue has to be that seemingly overnight, the possibility loomed of a new military conflict with a dangerous Russia and the West. Notwithstanding the many civil wars and conflicts happening all over the world and the US troubles in Afghanistan and Iraq, the closeness of the threat of Russian military actions on Europe aka the developed world and the European dependency on Russian oil supplies, shocked the EU.
There's no doubt that Russia delivered a savage retribution to Georgia which was far destructive and brutal than Georgia's initial aggression. In the interest of being a cooperative and moral power it should retreat from Georgian territory and allow for international probe and peacekeeping in the disputed areas. But there is also no question that Georgia was the aggressor, sending tanks and soldiers into the disputed territories and attempting to take control by force. The real question which should be asked is was there any substantial Western or American role in this action or was it solely the Georgian leader's prerogative?
Back in April earlier this year, there were already signs of possibly military action by Georgia which was detected by Russia who warned of retaliation.

A roundup of interesting reading:
Here's the French President warning of a "new Cold War" before an emergency NATO meeting in mid-August.
This piece written as the conflict broke out, claims that the conflict is mainly about Russia's concern and anger over Georgia's NATO yearning. The writer does make a good point about Russia's hypocrisy in crushing separatists in Chechnya while endorsing the rights of South Ossetia to separate.
Foreign affairs expert columnist Gwynne Dyer says a new Cold War might be possible.
This article from Canadian Dimension examines the role of the US as an instigator in the conflict given its support for Georgia's leader Saakashvili and its foreign policy moves.
Commentators such as this one think a Russian move on Ukraine is very plausible.
This Guardian editorial slams Russia for its military action and claims that this is a sign of its weakening.
And finally to get a good overview of the conflict, check the BBC here.

Tuesday, September 02, 2008

The Toronto Star has a touching story on a survivor of Sierra Leone's vicious civil war now making a new life in Toronto. Mariatu Kamara suffered through a double hand amputation as well as losing a baby from a prior rape, and she recalls these events in a book that was recently released-The Bite of the Mango. As the article points out, her story brings a new perspective to the conflict
because mostly the story has been told about the blood diamonds and former child soldiers, not of
civilian victims like her.

Thursday, August 14, 2008

Some light on the Georgia-Russia conflict

The recent Georgia-Russia conflict which stemmed from Georgia's surprise attempt to retake a disputed region and Russia's equally surprisingly swift attack on Georgia has been one of the biggest stories in world news presently. Now coming to a probable close, the conflict raised significant fears and concerns, especially that of a resurgent and powerful Russia acting out against a smaller and weaker neighbor. A lot of the Western media has seemed to overlook the fact that Russia's move into Georgia was instigated by Georgia's bloody offensive to retake the disputed region of South Ossetia and the fact it is Georgia and not Russia who is the aggressor. This piece from the Nation talks about this while trying to provide a clearer understanding of the conflict. The writer admonishes the West for its hypocrisy in failing to recognise or ignoring the situation of South Ossetia especially in light of its aid and support for Kosovo's independence from Serbia.

Friday, July 25, 2008

Rabble also has an article on the link between cellphones and the crisis in the DR Congo (Democratic Republic of Congo, but referred to as "Congo" in the article). It shows the link that Canada, including 2 former Prime Ministers, have with this exploitative relationship. For those who don't know about the Congo crisis, here's a good little primer from Democracy Now.
Rabble news features an interesting conversation with the author of Planet of slums on the socioeconomic disparities and other details of Dubai, the extravagant world-famous city in the UAE known for its plethora of ambitious architectural and economic projects. Yet the excessively grand schemes of this opulent city also contains a significant undercurrent of shame and exploitation, as the author Mike Davis talks about. Dubai mainly relies on a huge number of migrant foreign laborers, who actually outnumber the locals, from South Asian countries like India and Pakistan to build its buildings and perform menial tasks like domestic labor and waitering. Many of these workers experience poor living conditions like cramped quarters, long hours of work, dangerous work environments and low pay. This has led to outbreaks of unrest and attempts at reforms by the authorities but which are not adequate.
Davis also tells how on a broader regional plane, while Dubai's extravagance might make it a juicy target for being in the midst of much poverty and conflict, it protects itself through its connections with major regional players like Iran and the US.

So hopefully the next time you hear about or see Dubai and its grand projects in the news, consider the vast socio-economic inequalities behind their constructions and how superficial that grandeur is.

Wednesday, July 23, 2008

The poorest billionaires in the world

This article shows how low the economy has sank in Zimbabwe. Inflation has been sky-high for a long time now but it seems new heights are always being reached.
According to the IRIN article:
"A loaf of bread costs Z$100 billion at the official rate, a kilogramme of meat Z$450 billion, (around US$5.60) and a half-litre sachet of milk sells for Z$200 billion (about US$2.50)."


Just a few days ago in July 19, Zimbabwe's Central Bank released $100 billion notes, actually "bearer checks". This is a rapid increase from earlier this year in January, when it issued bills in denominations of $1 million, $5 million, and $10 million -- and then in May, bills from $25 million and $50 million up to $25 billion and $50 billion.

The IRIN article also says that the official inflation rate is at 2.2 million percent and rising every day. What this means is that money is constantly depreciating so that what may cost, say $10 million today may cost $15 million Friday. The casual labourer quoted in the article tells of having to line up outside the bank for 4 hours to withdraw $100 billion, the daily limit imposed by Zimbabwe's Reserve Bank, and that he will have to come back the next day to do the same because of fears the money will depreciate even more, not to mention the fact that he will need more money because the $100 billion withdrawn will not last more than a few days.

Friday, July 18, 2008

A look at India-China relations.

This Taiwan Journal article offers an interesting commentary on India-China relations, painting a not so rosy picture despite increased ties between the two. The article instead claims that on different issues like India's push for a permanent seat on the UN Security Council, border and territorial negotiations and most importantly, a proposal by India for an "open and inclusive security architecture" in Asia, China has not responded warmly. The article also describes the alarming incursion by Chinese troops into Indian territory, such as this one.
One would think that if these two Asian heavyweights were ever to truly cooperate in any sort of vital issue, they could indeed wield some substantial influence on the world stage. Instead there's still lingering suspicions between the two despite growing trade.
The Toronto Star's Haroon Siddiqui writes about the huge cost to Iraq that has been caused by the American occupation and which America needs to take full responsibility for solving.
"An age-old civilization and its remnants have been destroyed.

A whole generation of Iraqi civilians has been killed, maimed and uprooted. Between 80,000 and 1.2 million are dead (depending on which estimate you go by). More than 4 million have been made refugees – half forced into exile in Jordan and Syria, and the other half internally uprooted."

This just has to be the largest catastrophe in the world in this decade, surpassing those of even the Darfur genocide, Afghanistan (which also involves the US) and even the great natural disasters like the Asian tsunami. The DR Congo might be the only one to rival it though.

The Kielburger brothers always write interesting and informative articles on many international social issues. Here they've written something different from their regular articles, as their latest article is about the relationship between China and the US which binds them more tighter than many would think. Specifically this is referring to their economic trade relations in which China has a huge surplus with the US, exporting more to the US than importing, while also buying up a lot of American treasury securities.
As the authors note:

"China is now so deeply invested in U.S. securities, any disruption to the value of the dollar would be a serious blow to its own reserves. Reliant as they are on the U.S. market for goods, the Chinese are forced to buy up new securities as soon as they're issued to prevent their currency, the yuan, from appreciating against the U.S. dollar. Neither country holds a significant advantage over the other."

The thing is not only does China depend on the US to buy a lot of its products, but it also needs the US to keep a strong economy and currency in order for its own vast holdings of American treasuries to maintain their value, to the point of propping up the US currency by continuously buying up American treasury securities. In essence, the US has little leverage over China.

Of course, China does realise the vulnerability of their situation and raised some concerns by suggesting selling off some of their US dollars last year which they later retracted. They have also tried to invest in more US-dollar non-treasury investments such as Morgan Stanley.
See this table for the list of foreign countries who own American treasury securities. As you can see, China is by far the number two owner though it is relatively a little behind Japan. Keep in mind Japan's economy is greater than China's.

Saturday, July 12, 2008

The Economist has a decent article on the recent direct flights between China and Taiwan which clearly describes the intricacies in the visits by Chinese tourists which outline the delicate relationship between the two "Chinas". For instance, the flights still have to fly through Hong Kong airspace rather than directly between Taiwan and China "because Taiwan's military is on constant alert for an air attack from the mainland, and analysts say it cannot afford to let civilian flights clutter cross-straits radars."
There seems to be a lot of goodwill and hope surrounding these visits by politicians and leaders of both sides, as these visits are a potential significant step to improving and closer relations. One wonders how the majority of Taiwanese feel.

Friday, July 04, 2008

Straight out of some James Bond or Tom Clancy Rainbow six novel, longtime hostage and cause celebre Ingrid Betancourt was rescued from captivity in a bloodless operation carried out Wednesday involving some admirable ingenuity, trickery and betrayal. In all seriousness, this was great news, not just because of her status and length captivity but also the fact no blood was shed.

The background of this event is the recent declining fortune of FARC-Revolutionary Armed Forces of Colombia, the leftist rebel army that has been fighting a longstanding guerilla war against the Colombian state for over 40 years. Over the past year, they've suffered some defeats and setbacks including the assasination of top leaders, the capture of key documents which almost precipitated a Colombia-Venezuela war a few months ago, and numerous defections. The US government has helped Colombia a lot with confronting the FARC, providing over $4 billion in military aid (Plan Colombia) since 2000 such as training and providing equipment. While this aid is ostensibly for anti-narcotic actions on cocaine, which the FARC also derives a significant income from, much of the military aid goes towards anti-FARC military operations.
The FARC has its origins in the aftermath of concentrated state campaigns against Marxist enclaves in the sixties but it seems over time their goals have shifted from Marxist revolutionary social change to greed, trafficking and wanton thuggery. Newsweek has a recent piece on this decline of the FARC to "a bunch of crooks".

This does not mean they are wholly responsible for this enduring civil conflict because right-wing paramilitaries and even the state have also engaged in oppressive and violent acts as well.
Global exchange has a bunch of articles critical towards the role of the US and Colombian state in the civil conflict. But in all essence, this is a guerilla movement who has lost its purpose, fighting for no one but itself.

Tuesday, July 01, 2008

McClatchy has a good article on the human toll in Zimbabwe and the probable reasons for Mugabe's resurgence through using violence and intimidation. The main reason- the hardliner former "freedom fighters" from Zimbabwe's independence struggles in the seventies and eighties who still retain a lot of power in Mugabe's ZANU-PF ruling party and the armed forces. Former ZANU-PF high-ranker and presidential contender Simba Makoni also lost substantial support because of these hardliners. This makes a lot of sense because in reality, oppressive regimes are often more than just the work and actions of one man and Zimbabwe is no different. As notorious and infamous as Mugabe is, he alone cannot be held responsible for Zimbabwe's failings and oppression. Kind of similar with the US where George W. despite the widespread amount of loathing for him, also cannot be solely blamed for all America's actions under his rule.

Saturday, June 28, 2008

So the election in Zimbabwe came and went with the expected result. Mugabe won easily due to the pullout of the opposition candidate Tsvangirai because of serious intimidation, violence and expected tampering by the state, though apparently some voters still were able to voice displeasure by writing on ballot papers. Sure the UN and other Western powers criticised the result but this just highlights their impotence because Mugabe will continue to paint them as imperialists who want to dominate Africans. I think that the regional body SADC and Zimbabwe's neighbors have to take the main initiative to confront Mugabe.