InDepthNews – Page 722 – IDN-InDepthNews

Africa2016-06-142023-07-10

NEWSBRIEF: ‘Naive’ Libyan Fund Sues Goldman Sachs for ‘Abuse’

NEW YORK (IDN | GIN) – Over a four-month period, complex and unsuitable trades made by Goldman Sachs bankers ate up nearly the entire investment of a Libyan sovereign-wealth fund – an amount Libya is suing to recoup, according to a case now before a UK High Court.

The fund, set up under the regime of the then Libyan President Muammar Gaddafi, was intended to invest the country’s oil wealth just as sanctions against it were being lifted. Due to the fund’s limited experience with so-called “jumbo and elephant trades”, unwise trades nearly bankrupted the fund.

Goldman Sachs, on the other hand, reaped huge profits from only nine trades – including one larger than the bank had undertaken in a single stock – earning more than $200 million for the company, it was alleged.

Africa2016-06-142023-07-10

NEWSBRIEF: U.S. Grants Asylum to Gambian President’s Nephew

NEW YORK (IDN | GIN) – The nephew of Gambian President Yahya Jammeh, threatened with the loss of his government scholarship over a pro-LGBT Facebook post, has been granted asylum in the U.S., local media reports.

Alagie Jammeh confirmed the story to the Washington Blade, an LGBT news source, in a telephone interview. Jammeh, who is due to graduate next week from the University of California, Santa Barbara, told the Blade that he wrote the post after he became friends with a gay man.

Alagie Jammeh had learned on May 17 – the International Day Against Homophobia and Transphobia – that U.S. Citizenship and Immigration Services had recommended him for approval. He told the Blade that his lawyer called him two days later and said his asylum request had been granted after passing a background check.

Individual Journalists, SYNDICATION2016-06-142023-07-12

Democracy Reaches Plateau After a Great Climb

Viewpoint by Jonathan Power

LUND, Sweden (IDN-INPS) – Is there a democratic recession? No, not an economic one. Rather one of the voting kind. In other words: Is democracy going backwards? It is not. Democracy remains resilient. Authoritarianism is being held at bay, despite recession in Russia, Turkey and China.

“Democracy may be receding somewhat in practice, but it is still globally ascendant in people’s values and aspirations,” writes Larry Diamond in a new book, “Democracy in Decline”. In fact, Diamond’s positive conclusion is less positive than I believe the facts say. By and large democracy is not receding.

UN INSIDER2016-06-132023-07-10

NEWSBRIEFS: 1.19 Million Might Need Resettlement in 2017 – ‘Preventable Calamities’ and ‘Worrying’ Trends in More than 50 Countries – Ban Kicks Off 100-Day Countdown to International Day of Peace

GENEVA – With a multitude of conflicts and crises causing record displacement around the world, more than 1.19 million people are projected to be in need of resettlement in 2017, the UN refugee agency said on June 13.

According to the Projected Global Resettlement Needs 2017, released June 13 by the Office of the UN High Commissioner for Refugees (UNHCR) in Geneva, more than one million refugees were submitted by the agency to over 30 resettlement countries in the past decade, and the number of people in need of resettlement far surpasses the opportunities for placement in a third country.

The number of people in need of resettlement in 2017 will likely surpass 1.19 million, up 72 per cent on the projected needs of 691,000 in 2014, before large-scale resettlement of Syrians began.

UN INSIDER2016-06-132023-07-10

Eritrean-Ethiopian Border Clashes Might Require UN Intervention

Analysis by Reinhardt Jacobsen

BRUSSELS (IDN) – As border clashes between Eritrea and Ethiopia continued into the second day on June 13, observers recalled UN Secretary-General’s remarks in January 2008 that he was “worried about the growing militarization, on both side(s) of the boarder, which could lead to a war”.

That concern is shared by civil society organisations in the two countries. They are warning that the border clahses that triggered on June 12 in the Tsorona area on the border of Ethiopia and Eritrea “can easily escalate into full-blown war”.

While calling for an end to fighting, the civil society organisations are urging the African Union to step in with its peace and Security Council; and the European Union and the United States to step in as witnesses to a peace process.

ARMAMENTS2016-06-132023-07-10

Eight States Blocking a Global Legal Ban on Nuclear Testing

Analysis by Jamshed Baruah

BERLIN | VIENNA (IDN) – When will the Comprehensive Nuclear Test Ban Treaty (CTBT) enter into force and become international law? This was the question on the minds of senior officials from around the world who had gathered in Vienna on June 13 to mark the 20th anniversary of the treaty, which is crucial to ushering in a world free of nuclear weapons.

The answer to the question is simple. CTBT has so far been signed by 183 States and ratified by 164. Its demanding entry-into-force provision requires 44 particular “nuclear technology holder” States to ratify the Treaty for it to enter into force.

Eight of them have yet to ratify: China, DPRK (North Korea), Egypt, India, Iran, Israel, Pakistan, and the United States (China, Egypt, Iran, Israel and the United States have already signed the Treaty).

UN INSIDER2016-06-132023-07-10

New Data Dampens Hope of a Global Ban on Nuclear Weapons

Analysis by Ramesh Jaura

BERLIN (IDN) – While campaigners for a world free of nuclear weapons are confident that “a ban is coming”, the annual nuclear forces data launched by the Stockholm International Peace Research Institute (SIPRI) on June 13 gives little hope for optimism.

“Despite the ongoing reduction in the number of weapons, the prospects for genuine progress towards nuclear disarmament remain gloomy,” says Shannon Kile, Head of the SIPRI Nuclear Weapons Project. “All the nuclear weapon-possessing states continue to prioritize nuclear deterrence as the cornerstone of their national security strategies.”

But for the Geneva-based International Campaign to Abolish Nuclear Weapons (ICAN), “it is now clear beyond doubt that an overwhelming majority of the world’s nations are ready to start negotiations on a treaty banning nuclear weapons”. By putting in place a ban, they hope to stimulate much-needed progress towards the total elimination of nuclear forces.

Decent Work & Economic Growth2016-06-122023-07-10

UN Shows the Way Out for 168 Million Child Workers

By Jaya Ramachandran

GENEVA (IDN) – Child labour is rampant around the world: some 168 million children working in various sectors of the economy – ranging from agriculture to mining, from manufacturing to tourism – are producing goods and services consumed by millions every day.

Marking the World Day against Child Labour on June 12, the United Nations International Labour Organization (ILO) has drawn the focus on the plight of children toiling in some of the most hazardous jobs.

“That child labour has no place in well-functioning and well-regulated markets is evident. But the reality is that today, child labour remains widespread in supply chains,” said ILO Director-General Guy Ryder in a statement that focussed on child labour and supply chains.

UN INSIDER2016-06-112023-07-10

UN Excludes 22 NGOs But Vows to End AIDS Epidemic by 2030

Analysis by J Nastranis

NEW YORK (IDN) – Though 22 gay and transgender rights groups were excluded at the behest of the Organization of Islamic Cooperation (OIC), the United Nations General Assembly High-Level Meeting resolved to put an end to the AIDS epidemic by 2030.

The three-day meeting that concluded at the UN headquarters in New York on June 10 adopted what is being touted as a “progressive, new and actionable Political Declaration” that “includes a set of specific, time-bound targets and actions that must be achieved by 2020 if the world is to get on the Fast-Track and end the AIDS epidemic by 2030 within the framework of the Sustainable Development Goals”.

Asia-Pacific2016-06-102023-07-10

Famous Buddhist Temple Massages Its Way into Modern Healthcare Industry

By Kalinga Seneviratne*

This article is the seventh in a series of joint productions of Lotus News Features and IDN-InDepthNews, flagship of the International Press Syndicate.

BANGKOK (IDN | Lotus News Features) – Wat Po temple in Bangkok is better known for the huge reclining Buddha statue, which attracts millions of tourists each year. Some also quietly walk into the air-conditioned massage clinic inside the monastery premises to try out an “authentic” Thai massage wondering what has the temple and Buddhism got to do with massage.

What is today called Thai Massage is an ancient healing system combining acupressure and energy balancing techniques, based on Indian Ayurvedic medicine, and yoga postures. The founding father of Thai massage is an Indian born Ayurvedic doctor named Jivaka Kumar Bhacca, who lived during the time of the Buddha and is believed to have treated him as well. He is revered to this day throughout Thailand as the Father of Thai Medicine.