IDN-InDepthNews

ECONOMY2013-09-232023-07-10

Effective Financial Regulations Still Missing

Five years have passed since the Lehman Brothers collapse triggered U.S. and global financial crisis with grave consequences. But effective financial regulations are not yet in sight in developed countries. At the same time, the developing countries are confronted with huge new challenges.

By Martin Khor* | IDN-InDepth NewsViewpoint

GENEVA (IDN) – Lehman was the tip of the iceberg. Below the surface were many contributory elements. They include financial deregulation, the conversion of finance from serving the real economy to a beast that thrived on speculation, creaming layers off the productive sectors and unsuspecting consumers through new manipulative instruments.

ECONOMY2013-09-212023-07-10

U.S. Economy Makes The World Go Round Or Rot

By J C Suresh | IDN-InDepth NewsAnalysis

TORONTO (IDN) – Though the world is increasingly intertwined, the U.S. plays a unique role in the global economy, accounting for 11 percent of global trade and 20 percent of global manufacturing. The country’s global financial ties also run deep. Foreign banks hold about $5.5 trillion of U.S. assets, and U.S. banks hold $3 trillion of foreign assets.

While these interconnections have great benefits for the United States, they are not without risks, IMF Managing Director Christine Lagarde has warned, referring to the collapse of Lehman Brothers five years ago that ushered in “a harsh new reality” across sectors, countries, and the world.

Middle East2013-09-202023-07-10

Syria Starts Abandoning Chemical Weapons

By Richard Johnson | IDN-InDepth NewsAnalysis

THE HAGUE (IDN) – When the Chemical Weapons Convention (CWC) enters into force for Syria on October 14, 2013, the country will become the 190th Member State of the Organization for the Prohibition of Chemical Weapons (OPCW), according to the Hague-based global watchdog.

The CWC – or the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on their Destruction – is the most recent arms control agreement with the force of International law. This agreement outlaws the production, stockpiling and use of chemical weapons. It is administered by the OPCW, an independent organization.

Asia-Pacific2013-09-192023-07-10

How Myanmar Philanders With China, India, USA

By Zak Rose* | IDN-InDepth NewsAnalysis

DETROIT (IDN) – During the period of strict economic sanctions and export bans that Western countries levied against Myanmar through the 1990s and 2000s, the military government had little choice but to turn to China. China, with its deep pockets and a strategic focus on the periphery, was more than happy to invest in the isolated state, increasing Myanmar’s dependence and furthering Beijing’s own military and economic interests by tapping into the poorer state’s promising energy reserves and vying for coastal access to the Indian Ocean.

SYNDICATION, UNITED NATIONS2013-09-182023-07-12

Asians Love the UN Unlovable To Others

By J C Suresh | IDN-InDepth NewsAnalysis

TORONTO (IDN) – The United Nations finds great favour with publics in Asia-Pacific and enjoys considerable backing in sub-Saharan Africa and Latin America but has the lowest rating in the Middle East, according to a new survey, which also finds that the UN is generally liked in Europe and relishes robust support in Canada and the U.S.

The survey, conducted before Syria’s alleged chemical weapons attack and the proposed UN role in eliminating Syria’s chemical weapons stockpiles, was carried out by the Pew Research Center’s Global Attitudes Project (GAP) in 39 countries among 37,653 respondents from March 2 to May 1, 2013. Results for the survey are based on telephone and face-to-face interviews conducted under the direction of Princeton Survey Research Associates International.

SYNDICATION, UNITED NATIONS2013-09-162023-07-12

UN Report Pleads For Journalists’ Protection

By Richard Johnson | IDN-InDepth NewsAnalysis

GENEVA (IDN) – A new report by the Office of the United Nations High Commissioner for Human Rights (OHCHR) faults both State and non-State actors for stopping journalists and other media professionals from documenting and disseminating information on human rights violations, environmental issues, corruption, organized crime, drug trafficking, public crises, emergencies or public demonstrations – and this with impunity.

Journalists are subject to abduction, arbitrary detention, enforced disappearance, expulsion, harassment, surveillance, search and seizure, torture and threats and acts of other forms of violence. Female journalists face additional risks, including being subjected to forms of sexual violence while covering public events or when in detention, says the report that the United Nations Human Rights Council debated on September 13, 2013.

Asia-Pacific2013-09-162023-07-10

South Korea Prepares To Handle Refugee Flows

By Steven Borowiec* | IDN-InDepth NewsAnalysis

SEOUL (IDN | Yale Global) – Near South Korea’s main international airport, the national government is constructing a type of building never seen before in the country – a large complex capable of accommodating more than 1,000 refugee applicants. As South Korea becomes a more developed and better known country, with its TV shows and pop music appreciated around the world, the country is receiving more refugee applicants, and the government is still figuring out how to handle them. South Korea also receives many escapees from North Korea – more than 1,000 per year, which complicates relations with Pyongyang and Beijing.

SYNDICATION, UNITED NATIONS2013-09-132023-07-12

Israeli Policy Bleeding Palestinian Economy

By Jaya Ramachandran | IDN-InDepth NewsAnalysis

GENEVA (IDN) – Though at pains not to transgress political correctness, a new UN report unveils the highhandedness characterising Israeli economic policies towards the occupied Palestinian territory (OPT), which are denting the authority of the Palestinian government.

Israel is not only depriving the OPT of about US$300 million every year but also buttressing Palestinian dependence on Israel, and gravely undermining its competitiveness by refusing to transfer to the Palestinian treasury revenues from taxes on direct and indirect imports and on smuggled goods into the OPT from or via Israel, says a new report by UNCTAD.

Middle East2013-09-122023-07-10

The Identity Crisis Of Two Palestinian Towns

By Ramzy Baroud* | IDN-InDepth NewsAnalysis

MOUNTLAKE TERRACE, WASHINGTON (IDN | CounterCurrents.org) – The distance between Gaza and Ramallah in sheer miles is hardly significant. But in actuality, both cities represent two different political realities, with inescapable cultural and socioeconomic dimensions. Their geopolitical horizons are vastly different as well – Gaza is situated within its immediate Arab surroundings and turmoil, while Ramallah is westernized in too many aspects to count. In recent years, the gap has widened like never before.

Of course, Gaza and Ramallah were always, in some ways, unalike. Demographics, size, topography and geographic proximity to Arab countries with different political priorities have always made them separate and distinctive. But the Israeli occupation of East Jerusalem, the West Bank and Gaza in 1967 had decisively removed Ramallah from its Jordanian element, and Gaza from its Egyptian political milieu.

Africa2013-09-112023-07-10

DR Congo: How To Ensure Recurrence of Conflict

By Thibaud Lesueur* | IDN-InDepth NewsAnalysis

NAIROBI (IDN | Crisis Group Blogs) – “With two hundred men, we could get rid of most of the LRA in DRC,” a foreign security official told me in August when I was touring the Uele district, in the far north east of the Democratic Republic of Congo. The Lord’s Resistance Army has been abusing the population there since at least 2008. But in contrast to the foreign official’s confidence, the striking fact was that the fight against what remains of the LRA is at a standstill. It needs fresh impetus, because the LRA has demonstrated repeatedly its capacity to go underground then surge again more violent than before.