Archive for the 'Global' Category

Climate-Change: Copenhagen and now?

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So the vast “show and photo opportunity” meeting in Copenhagen is coming to an end now and could someone please tell what has actually been achieved in this huge media event.

A 3 page document with some teasers but now clear road-map on who-does-what-and-when. The talks on atomic weapons between the U.S. and Russia that happened at the same venue might prove to be more outcome oriented then that other show.

Will the bankster be allowed to expand their casino games with derivatives / virtual money creation for them to the so-called “Cap & Trade” certificates and thereby will most certainly create a world-wide crisis that will be bigger by orders of magnitude than the current financial crisis?

Will someone start to limit the global levels of pollution instead of fostering opaque trading schemes that are only good for story telling and profiteering – read: the industrialized nations reduced their pollutions – e.g. by 30% while at the same time the polluters have just shifted those factories somewhere else where these are then for whatever reason not counted into the scheme?

Will the whole thing like in other areas e.g. pandemics be handled by some kind of fund or financial instrument that in the past have regularly proven to be the most inefficient way, without any accountability or actual transparency, blowing money on themselves and their buddies, often institutionalized corruption and rates as bad as US$ 1000 put in and a mere US$10 arriving at the actual cause?

Well let’s see what the soon to happen next meeting in Berlin will bring…

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Animation: Credit Crisis visualized (one more time)

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An outstanding visualization by Jonathan Jarvis – the 101 guide to the credit crisis animated.

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Health: Millions of lives to save – XDR-TB

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…Legendary photojournalist James Nachtwey sees his TED Prize wish come true, as we share his powerful photographs of XDR-TB, a new, drug-resistant strain of tuberculosis that’s touching off a global medical crisis…

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Financial Crisis 101: Why CDS could never work

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Many still call or describe CDS (Credit Default Swaps) as a kind of insurance policy against credit risk to limit the risk of the lender. Well that might be so in their dreams or it has been used as a camouflage by the bankers to persuade the investors of the quality – or to mislead them on the lack of it – and suggest that there would be an underlying asset.

And that’s were all the problems start. To issue or construct a CDS there was never a requirement to actually being linked to, i.e. having provided or taken out the credit or having an contractual agreement with these two parties.

Everybody could issue CDS completely unregulated and unlimited. This is of course the reason for the incredible amounts being pushed around and it also provides the reason that – in rare cases CDS might have been an insurance against credit defaults – but in general these papers were only betting slips if certain events might occur most similar to betting on horses or dogs races.

If these instruments would have only been allowed to use for …

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Development Aid: The Investment Banks of the Humanitarian Sector

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We had some discussions during the last weeks and a few times we ended up with the same question:

Are there institutions / instruments in the Humanitarian / Non-Profit sector that could be compared to the mess in the banking sector specifically with the Investment banks - a species which in that habitat by today got almost extinct.

And yes we found them.

Created during the last decade on the back of the MDG, many have been installed with targets like deregulation of development funding (yes this did happen – aka budgetary aid aka the thin line along institutionalized corruption), avoidance of regulatory frameworks (e.g. via PPPs), avoidance of multi-national oversight across geo-political blocks (to go around the UN) or to just create the illusion of acting / transparency.

And these organizations share many properties with private sector Investment banks:

Fancy names – most of them answer to names like global, facility, fund, emergency plan. They are almost completely unregulated and their activities are at best opaque…

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Video: How fair is fairtrade?

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This short video / interview looks at some general aspects of the concept of fair trade and the brand with the same name.

Welcome to a very unfair edition of the Telegraph’s video show “Holy Cows”.

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