Wednesday, October 5, 2011
Canada Free Press
The reported killing of 23 Honduran farmers in a dispute with the owners of UN-accredited palm oil plantations in Honduras is forcing the Clean Development Mechanism (CDM) executive board to reconsider its stakeholder consultation processes. In Brussels, the reported killings have triggered European policymakers into action, with Green MEP Bas Eickhout calling the alleged human rights abuses “a disgrace”.—EurActiv, 3 October 2011
Armed troops acting on behalf of a British carbon trading company backed by the World Bank burned houses to the ground and killed children to evict Ugandans from their homes in the name of seizing land to protect against “global warming.” The evictions were ordered by New Forests Company, an outfit that seizes land in Africa to grow trees then sells the “carbon credits” on to transnational corporations.—Paul Joseph Watson, Prison Planet, 23 September 2011...[Full Article]
Labels: carbon trading, European Union, Honduras, Uganda, United Nations, World Bank
The New American
The government of Uganda and the“carbon credits” firm New Forests Company — accredited by the United Nations and largely financed by the World Bank and the European Union — are under intense public pressure after evidence emerged that over 20,000 poor Ugandan farmers were brutally evicted from their lands in order for the U.K.-based company to plant trees. The atrocities, publicized in a September 22 report by the non-profit aid group Oxfam, have made headlines around the world.
Under the guise of saving the environment from global warming and climate change, armed enforcers reportedly burned locals’ houses to the ground — along with at l
east one child who was inside his home when it was set ablaze. The goon squads also reportedly terrorized and beat the residents, threatening to murder anyone who resisted...[Full Article]
Labels: carbon credits, EU, European Union, global warming, Uganda, United Nations, World Bank
Friday, June 10, 2011
Hillary Clinton has been in discussions with the White House about stepping down from her job as Secretary of State to become head of the World Bank, according to reports.
UK Telegraph
Mrs Clinton, the former First Lady, Senator for New York and rival to President Barack Obama in the 2008 Democratic primary race, is said to be eager to become the first female president of the World Bank should the post become vacant next year.
"Hillary Clinton wants the job," a source close to Mrs Clinton told Reuters, which broke the news of the possible move.
Robert Zoellick, a former Bush administration official, is believed to be ready to step down as president at the end of his term in the middle of next year.
Mrs Clinton has made clear she does not want to remain US Secretary of State, a gruelling job demanding months of world travel each year, beyond Mr Obama's first term.
Another source told Reuters that Mr Obama supported her taking the helm at the World Bank, which is traditionally led by an American...[Full Article]
Labels: Hillary Clinton, World Bank
Sunday, April 17, 2011
Food prices have entered the “danger zone”, threatening to condemn a generation to extreme poverty and malnutrition, the World Bank has warned.
The Telegraph
Robert Zoellick, World Bank president, said food prices are at “a tipping point”, having risen 36pc in the last year to levels close to their 2008 peak. The rising cost of food has been much more dramatic in low-income countries, pushing 44m people into poverty since June last year.
Another 10pc rise in food prices would push 10m into extreme poverty, defined as an effective income of less than $1.25 a day. Already, the world’s poor number 1.2bn...[Full Article]
Labels: food prices, World Bank
Thursday, March 24, 2011
HONG KONG (AFP) – China could overtake the United States as the world's largest economy if it maintains annual growth of eight percent over the next 20 years, the World Bank's chief economist said Wednesday.
China, which last year overtook Japan as the number-two economy, has already set a growth target of eight percent for 2011, and is aiming for seven percent a year from 2011 to 2015...[Full Article]
Labels: China, economy, World Bank
Sunday, February 20, 2011
Raw Story
PARIS (AFP) – World Bank president Robert Zoellick warned leaders of the top global economies Saturday that the world is reaching a danger point where soaring food prices threaten further political instability.
"I mentioned that we are reaching a danger point," Zoellick said, adding that he had urged G20 finance ministers and central bank chiefs meeting here to "put food first in 2011."
Zoellick said rising prices would eventually result in increased food supplies but in the intervening couple of years, "there could be an awful lot of turmoil and governments could fall and societies could go into turmoil."...
[Full Article]Labels: food prices, World Bank
Tuesday, January 18, 2011
Financial Times
China has lent more money to other developing countries over the past two years than the World Bank, a stark indication of the scale of Beijing’s economic reach and its drive to secure natural resources.
China Development Bank and China Export-Import Bank signed loans of at least $110bn (£70bn) to other developing country governments and companies in 2009 and 2010, according to Financial Times research. The equivalent arms of the World Bank made loan commitments of $100.3bn from mid-2008 to mid-2010, itself a record amount of lending in response to the financial crisis...
[Full Article]
Labels: China, World Bank
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