Group items tagged

There is no executive committee of financial elites. There's no international conspiracy, no Elders of Zion. Instead these markets are pulled and pushed by about 50 very large banks and financial institutions. This is where much of the nation's $2 trillion in hedge fund money roams. This is where the top six US banks frolic. They don't have to sit around a table strategizing. They instantly sense threats to their power. They instantly smell profitable openings and they're poised to grab what they can, whenever they can. They thrive on turmoil, which gives them new "proprietary" trading opportunities to exploit. Volatility means big bucks, especially now that the largest players know that the government will back up even their wildest gambles. History has just proven that they are way too big to fail. Of course they still have to lobby government officials--many of whom either were bankers, or will be once they leave office. But their most powerful lever on government is through the market itself: Here, by moving vast quantities of money around, they can instantly veto policies they don't like. If the EU talks seriously about financial transaction taxes, the markets go down the Euro grows weaker, and interest rates rise--making it more expensive for governments to borrow the money they need to operate. Politicians have learned to "listen" to the markets and are conditioned to placate them. Should a nation state get out of line (Greece, Italy, Spain, Portugal, etc), the markets slap them silly. Politicians rush to the scene and start slicing social spending. If instead they demand new taxes on financial elites to reduce public debt, the markets respond with even more fury. Money flees.

I came to understand that the pursuit of national and individual interests of political leaders is the driving force of international relations. Sure, in recent years several Western governments have officially recognized the Armenian genocide. However, domestic political considerations or foreign policy objectives (like the goal of keeping Turkey out of the EU) rather than a commitment to rectifying an historical injustice, appear to be the primary reasons for these actions. After all, why had these governments ignored the Armenian genocide until now?

Focusing all my energies to the task of forcing the Turkish government to reverse its policy of denial is self-defeating and perpetuates my emotional and intellectual self-incarceration. I have shed the culture of victimhood and freed myself from the oppressive weight of our history.

it is Turkey’s problem. Let the Turks come to terms with their history by freeing it from their self-manufactured myths, reassess their past and transform their state from an ethnically exclusive home for Turks alone into an inclusive one for different ethnic and religious groups who consider themselves the citizens of Turkey. But while Dink was mourned by Armenians all over the world and even by a large number of Turks, his message -- as far as the Armenian diasporas are concerned -- has fallen on deaf ears.

Liberal war is so useful, particularly to ‘good Europeans’, because it denies it is war. It is a no-fly zone protecting human rights! While quite obviously joining the Libyan rebels in their war on the regime, coalition commanders are forced to pretend otherwise. They regularly and politely inform Gaddafi’s forces where they need to regroup to avoid being destroyed in the name of universal values. In essence, and without ever saying so, the message to Gaddafi is that he must stop defending himself from those who would overthrow him. Why, we might ask, is it not possible to speak more plainly, at least to ourselves? Why must war be confronted with liberal euphemisms? At the core of liberal war is a contradiction between big rhetoric – humanity, innocence, evil – and limited liability, signalled by ‘no ground troops’ and the pathetic legions of UN peacekeepers.

tales of well-intentioned Westerners and violent natives

Historical memory is a casualty so instantaneous no one notices. The US fought its first war in what is now Libya, against the Barbary pirates, also justified by humanitarian concerns undergirded with commercial interest.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

a risk of deepening divisions between China and the US over influence and oil in the Middle East. "Bilateral quarrels and clashes are unavoidable," he told the Asia and Africa Review. "We cannot lower vigilance against hostility in the Middle East over energy interests and security."

World Bank president Robert Zoellick. "One of the legacies of this crisis may be a recognition of changed economic power relations,"

About 50 African nations have boycotted some meetings since Monday evening at the U.N. climate talks in Barcelona. The talks are meant to prepare for next month's major climate convention in Copenhagen.

It is widely accepted among those working in, or on, international organisations, from the UN to the EU, UNDP, NATO or the World Bank, that statebuilding offers a way out of contemporary conflicts around the world: local, civil, regional and international conflicts, as well as complex emergencies, and for developmental issues. Most policymakers, officials, scholars and commentators involved think that they are applying proven knowledge unbiased by cultural or historical proclivities to the conflicts of others. This is not the case.

The broader idea has been that liberal democratic and market reform will provide for regional stability, leading to state stability and individual prosperity. Underlying all of this is the idea that individuals should be enabled to develop a social contract with their state and with international peacebuilders. Instead - in an effort to make local elites reform quickly, particularly in the process of marketisation and economic structural adjustment - those very international peacebuilders have often ended up removing or postponing the democratic and human rights that citizens so desired, and which legitimated international intervention in the first place. A peace dividend has only emerged for political and economic elites: the vast bulk of populations in these many countries have failed to see much benefit from trickle-down economics, or indeed from democracy so far.

this liberal peace is itself in crisis now

Ellen Johnson Sirleaf said African and European countries must work together to regulate migration, not try to stop it.

African migration toward Europe is both inevitable and a positive phenomenon, said Africa's first female president and Nobel Peace Prize laureate Ellen Johnson Sirleaf, calling for an end to the perception of migration as a "crisis".

African migrants are mostly young and educated and almost half are women, the report says. They spend approximately 85 percent of their incomes in the host country.

Jürgen Scheffran, a professor of geography at the University of Hamburg, has been investigating whether climate change makes armed conflict more likely for more than a decade. In 2012, he worked on a team that analyzed all 27 empirical studies investigating the link between war and climate change.“Sixteen found a significant link between climate and conflict, six did not find a link, and five found an ambiguous relationship,” he told me. He described these numbers as inconclusive. Trying to prove that climate change is linked to war, he said, would be like trying to prove that smoking causes cancer with only one available case study.

there is only one world, and not a million worlds, in which the temperature is rising, and you cannot associate a single event—like a single hurricane or a single conflict—to climate change. It’s a statistical problem, and we don’t have enough data yet

the U.S. Department of Defense already considers global warming a “threat multiplier” for national security. It expects hotter temperatures and acidified oceans to destabilize governments and worsen infectious pandemics