Tuesday, January 15, 2008
Strike!
Will they go on strike? Will it matter to the regime? Will it change anything?
More please
This hardly qualifies for high praise. Or is it that the social justice situation in Lebanon is so bad that this is the best we can get out of the leader of the opposition? A strategy, give us a strategy.
Herbal business
Saturday, January 12, 2008
Carbon colonialism
Carbon colonialism is about treating the supposed low cost emissions reductions in Southern countries as a new commodity that can be profitably exploited for the benefit of Northern consumers and companies. What we are also seeing, and Jutta can say more about what is happening in these Southern countries, is that often these projects have a harmful impact on local communities. This fact has been brushed under the carpet so people can keep doing it. We hear very little about these communities and what is happening on the ground, we only hear the positive side. Our experience is that people on the ground are having a very rough time with these projects.
If we are trying to offset emissions with tree planting we would need to look for other planets to plant the trees on.
Through personal offsets, companies are commoditizing peoples desire to do something about climate change. They are taking people’s impetus to do something real and reducing it to a mouse click — another act of consumerism.
One of the reasons why so much emphasis has been put on offsets and carbon trading is not because of the track record in reducing emissions this way, because they have no proven track record in this, but because of the compatibility with the current economic system which is very market oriented and fixated on year upon year growth. We need to address this growth-fixation and its corresponding growth in fossil fuel consumption in order to deal with climate change. There needs to be some movement toward extracting ourselves from the current economic system as it stands."
From the excellent Trans National Institute, on carbon trade. Trade and colonialism and classical, growth-oriented economic system. Again. But this time, it gets even worse: no cheaper products for people from developing countries (the usual excuse for encouraging unbridled trade), just cheaper pollution.
The climate today
Bada'el-Alternatives
Enjoy!
Thursday, January 10, 2008
The sick man of America
Nice article by Niall Ferguson in FT. I'm not sure how valid the analogy between the US and the Ottoman Empire is, but I love historical backdrops.
Excerpts, but read it all.
"Yet, on closer inspection, we are indeed living through a global shift in the balance of power very similar to that which occurred in the 1870s. This is the story of how an over-extended empire sought to cope with an external debt crisis by selling off revenue streams to foreign investors. The empire that suffered these setbacks in the 1870s was the Ottoman empire. Today it is the US.
In the aftermath of the Crimean war, both the sultan in Constantinople and his Egyptian vassal, the khedive, had begun to accumulate huge domestic and foreign debts. Between 1855 and 1875, the Ottoman debt increased by a factor of 28. As a percentage of expenditure, interest payments and amortisation rose from 15 per cent in 1860 to 50 per cent in 1875. The Egyptian case was similar: between 1862 and 1876, the total public debt rose from E£3.3m to E£76m. The 1876 budget showed debt charges accounting for more than half of all expenditure.
The loans had been made for both military and economic reasons: to support the Ottoman military position during and after the Crimean war and to finance railway and canal construction, including the building of the Suez canal, which had opened in 1869. But a dangerously high proportion of the proceeds had been squandered on conspicuous consumption, symbolised by Sultan Abdul Mejid’s luxurious Dolmabahçe palace and the spectacular world premiere of Aïda at the Cairo Opera House in 1871. In the wake of the financial crisis that struck the European and American stock markets in 1873, a Middle Eastern debt crisis was inevitable. In October 1875 the Ottoman government declared bankruptcy.
The crisis had two distinct financial consequences: the sale of the khedive’s shares in the Suez canal to the British government (for £4m, famously advanced to Disraeli by the Rothschilds) and the hypothecation of certain Ottoman tax revenues for debt service under the auspices of an international Administration of the Ottoman Public Debt, on which European bondholders were represented. The critical point is that the debt crisis necessitated the sale or transfer of Middle Eastern revenue streams to Europeans."
Trouble ahead
Published: 21 December 2007
Author: Will Hadfield. Staff Writer
London
MEED
Middle East Business Intelligence
"Egypt and Morocco, the region's biggest wheat importers, face rising debts unless cuts are made elsewhere
Egypt and Morocco face soaring bills for food subsidies after the price of wheat reached a record high on international markets in mid-December. Egypt is the largest importer of wheat in the world, while Morocco is the second largest in the region.
Both countries will become more indebted unless they reduce government spending in other areas as neither can afford to let consumers bear the cost of rising wheat prices, according to a senior official at the UN's Food & Agriculture Organisation (FAO).
"They will not let [domestic] wheat prices rise, so I expect them to import what they need, and they will try to finance it through their own export earnings," says Abdolreza Abbassian, secretary for the intergovernmental group on grains at the FAO. "Egypt just makes sure it pays for its food subsidies. It will use aid to jack up those subsidies."
Egypt will import 7.5 million tonnes of wheat between July 2007 and June 2008, making it the world's largest importer of the grain, according to the UN organisation's estimates.
The Egyptian government increased subsidies for the retail price of bread to almost 52 per cent in September, following the steady rise of the price of wheat on international markets since May. As a result, bread subsidies are now thought to cost the government $2.47bn a year.
The price of hard red winter wheat, a benchmark price for the crop, increased from $203 a tonne in May to $332 a tonne in November. Wheat prices have already increased by 19 per cent since the middle of November, after cold weather damaged the harvest in Argentina, which is a key producer.
On 14 December, wheat for delivery in March 2008 reached a record high of $9.80 a bushel on the Chicago Board of Trade, the world's largest market for agricultural commodities.
Any other disruptions to supply caused by poor weather conditions could result in further price surges, according to the commodities outlook for 2008, issued by investment bank Goldman Sachs.
However, Egypt should be able to get the best prices because of its purchasing power in the market.The General Authority for Supply Commodities, a government agency, buys about 50 per cent of the country's imported wheat, but many in the international commodity markets say the government effectively controls almost all imports.
Morocco's government also risks becoming more indebted after a drought in January and February 2007 caused its production of wheat to collapse from 6.3 million tonnes a year to just 1.5 million tonnes for the 12 months to the end of June 2008.
The FAO forecasts that Morocco's wheat imports will climb from 1.8 million tonnes to 3.5 million tonnes because of the drought. After the drought, the government slashed its import tariff on wheat from 130 per cent to 2.5 per cent.
Only Iran and Syria are net exporters of wheat in the region."
Tribal DNA
"Maximizing livestock possession is also important. Livestock generate income of offspring, products, and services. They produce milk and meat. Camels offer hair; sheep supply wool, and goats provide underwool, all of which can be spun into yarn or woven into bags and food covers, and goat hair can also be woven into sheets and used as tent roofs. Camels enable distance travel. Sold at market, they supply money to purchase goods not produced locally, such as firearms, brass household goods, tea, and sugar. Their sale also provides funds to buy agricultural land, peasant villages, and urban villas.[1]
There are also important social reasons to maximize livestock possessions. Upon marriage, the husband's family compensates the wife's kin with livestock. Any man with political aspirations should own animals. Slaughter of sheep or goats enables hospitality for guests.[2] Loan or grant of livestock can establish or reinforce alliances with other families and create useful obligations to be repaid in provision of labor or political support.
Tribal success, though, counted in increasing progeny and livestock, strains pasturage, water, and arable land. To accommodate enlarged populations, it becomes necessary to expand tribal resources through geographical expansion, often at the expense of neighboring populations. Alternatively, some tribes may capture herds and seize pastures and water resources through predatory raiding. Such a strategy often appeals to young tribesmen who see it as a quick way to independence and prominence.[3] Either way, tribesmen are ready to fight. Their tribal structure enhances feelings of unity and normalizes antipathy against outsiders. Challenging neighbors over territory and livestock not only feels natural and justified but is also desirable."
Invest in water
"There are still plenty of opportunities for investors to profit from the coming water boom. Right now, many of these firms are small companies that most analysts, let alone the public at large, have never heard of. But some of them will soon be giants. After all, with the global water industry valued at $300bn a year by the UK Trade & Investment ministry, it can't be long until investors finally catch on.
One great water firm that "is yet to hit British investors' radar" is Doosan Heavy Industries and Construction (Korea: 034020), says Edward Lam of Lloyd George Management. [Editor's note: Unfortunately, this stock does not trade in the U.S .] They invested in the company "partly as a water play, but also because it's a great company." The South Korean firm makes desalination plants - indeed, it is "the world's largest maker of plants that purify seawater," says Keejin Koo on Bloomberg. It already has massive plants all over the Middle East and is constantly winning new projects. Alongside its desalination plants it also builds power plants - so as our energy needs grow, it gets a second kick. The company is currently on a forward p/e of 15.9, which is cheap for such a good growth story."
Wall Street is getting on to the water shortages issues: Invest in desalination technology, that's their brief. With droughts expected to worsen, and water usage expected to increase, more fresh water is going to be needed. Disaster capitalism, or how to make a quick buck from tragic events. Do you know that Dubai lives off desalinated water, but that it has to purchase desalination technology? Do you know what this means? It means that if they do not behave, they may be embargoed (not that they have any intention of "not behaving"). And if they are embargoed, they will die from thirst.
Wednesday, January 9, 2008
Human after all
The armyworms, which are used to test the resistance of corn plants to pests, drink beer — Milwaukee’s Best — as their aphrodisiac of choice. It is chilled and poured into dishes on the bottom of their cages.
“When they drink beer, boy, do they mate and lay eggs,” Dr. Davis said. “And they don’t like light beer.”
Ethically rich
""Green gold" jewellery is a niche in a fast-growing wider market for ethical goods, ranging from day-to-day foodstuffs like tea, coffee and chocolate to designer fashions and travel.
Analysts say global sales of ethical gold jewellery are probably less than one percent of the total $56 billion gold jewellery market based on figures from London-based consultancy GFMS -- and the Fairtrade label is a year or so away.
Although the ethical product is priced at a premium and gold is at record highs, the market has been ballooning. Among a plethora of online offers are companies including one called greenKarat that argues industrial mining methods damage the land and endanger ecosystems, so recycled gold would be better for society." (Thanks D.)
Isn't "ethical gold" an oxymoron?
Tuesday, January 8, 2008
Climate samba
Chicken samba
"São Paulo – The Arab countries buy 30% of Brazilian poultry exports. "It is the most important and traditional market for exports from Brazil. We have been present in the market for more than 35 years now," said to ANBA the president at the Brazilian Poultry Exporters Association (Abef), Christian Lohbauer. In 2007, sales to the Middle East totalled over US$ 1 billion.
The leading importers of Brazilian poultry meat are Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Bahrain and Qatar. According to Lohbauer, the variety of chicken most exported to the Arab market is the 900-grams variety, which is smaller. "Brazil has a special production line for this market. They are also consumers of breaded chicken and other poultry products," he asserted."
I remember when I used to live in Yemen in the late 80's, Brazilian frozen chicken was the best we could get.
Monday, January 7, 2008
Meat
So you only eat free-range eggs, and spend the extra on organic sausages. But what's life really like for the animals that end up on your plate? And how can you be sure that the meat in your shopping bag is cruelty-free? Rob Sharp investigates.
Very interesting article on animal welfare. From the Independent's excellent Food and Drinks section.
Biofueling the US elections
Sunday, January 6, 2008
Fast food syria
Saturday, January 5, 2008
Hanging the gardens
"Iraq Gets American Seeds of Democracy
Democracy for Iraq meant erasing the "cradle of civilization" for unfettered free market capitalism. Iraq was conquered for its oil but also to make the country a giant free trade paradise. The scheme was diabolical, elaborate and ugly - blitzkrieg "shock and awe," elaborate PsyOps, fear as a weapon, repressive occupation, mass detention and torture, and the fastest, most sweeping country remake in history. It happened in weeks, Iraq no longer exists, the country is a wasteland, its people are devastated, and a blank slate was created for unrestrained corporate pillage on a near- unimaginable scale.
Part of the scheme was for GMO agribusiness giants to have free reign over that part of the economy - to radically transform Iraq's food production system into a model for GMO seeds and plants. One hundred swiftly implemented Bremer laws mandated it, but Iraqis had no say about them as the country is now governed out of Washington and its branch office inside the heavily-fortified Green Zone in the largest US embassy in the world by far.
Bremer laws imposed the harshest ever Chicago School-style "shock therapy" of the kind that devastated countries around the world since first introduced in Chile under Pinochet in 1973. The formula was familiar - mass firings of state employees in the hundreds of thousands; unrestricted imports with no tariffs, duties, inspections or taxes; deregulation; and the largest state liquidation sale and privatization plan since the Soviet Union collapsed.
Corporate taxes were lowered as well from 40% to a flat 15%, and foreign investors could own 100% of Iraqi assets other than oil. They could also repatriate all their profits, had no obligation to reinvest in the country and wouldn't be taxed. They were further given 40 year leases, and the only Saddam era laws remaining were those restricting trade unions and collective bargaining. Foreign transnationals, mainly US ones, swooped in and devoured everything. Iraqis couldn't compete, and the occupation laws assured it.
Consider Bremer Order 81. It covered patents, their duration and stated: "Farmers shall be prohibited from re-using seeds of protected varieties or any variety" the edict covered. It gave plant varieties patent holders absolute rights over farmers' using their seeds for 20 years. They'd be genetically engineered, owned by transnationals, and Iraqi farmers using them had to sign an agreement stipulating they'll pay a "technology fee" as well as an annual license fee.
Plant Variety Protection (PVP) was the core of this order. It made seed saving and reuse illegal. Even using "similar" seeds could result in severe fines and imprisonment. GMO seeds got protection to displace 10,000 years of developed plant varieties being sacrificed.
Iraq's fertile valley between the Tigris and Euphrates rivers is ideal for crop planting. Since 8000 BC, farmers used it to develop "rich seeds of almost every variety of wheat used in the world today." They were erased through a GMO modernization and industrialization scheme so agribusiness can get a foothold in the region and supply the world market. While Iraqis suffer and starve, GMO giants run the country's agriculture for export. Iraqi farmers are now agribusiness serfs and are forced to grow products foreign to the native diet like wheat designed for pasta.
Bremer laws mandated it and are inviolable under Article 26 of the US-drafted constitution. It states that the Iraqi government is powerless to change laws a foreign occupier made. To assure it, US-sympathizers are in every ministry with those most trusted in key ones. Engdahl sums up the damage to agriculture: "The forced transformation of Iraq's food production into patented GMO crops is one of the clearest examples of (how) Monsanto and other GMO giants are forcing (these) crops onto an unwilling or unknowing world population." They're infesting the planet with them one country at a time so it's futile trying to undo the damage they cause." (Thanks A.)