China's Monster Fishing Fleet Makes Other Countries Go Hungry - 0 views
-
Today, according to a report by the British Overseas Development Institute, China’s blue-water fishing fleet is by far the world’s largest, and includes 12,490 unique vessels that were observed to have been fishing outside China’s internationally recognized EEZ in 2017 and 2018. That’s many times more than previous estimates, and very different from China’s own claim of having only 3,000 ships fishing international or other countries’ waters—but that’s only because China doesn’t recognize the United Nations Law of the Sea Treaty’s demarcation of maritime borders.
-
Though China isn’t alone in its destructive fishing practices, it stands apart by virtue of its sheer size and the extent to which it pushes its highly subsidized fleet across the world’s oceans. It’s also the only country whose fishing fleet has a geopolitical mission, taking over weaker countries’ waters and expanding Beijing’s maritime territorial ambitions. One of the malicious consequences of all this is that China’s monster fishing fleet robs poorer nations—from North Korea to the countries of West Africa—of desperately needed protein.
-
Chinese authorities don’t enforce many rules either, so very few Chinese ships opt to fly flags of convenience. “They are their own flag of convenience,” Schvartzman said. “And they effectively created a port of convenience—a pirate port—in Montevideo.”
- ...16 more annotations...
What Lockdown? World's Cocaine Traffickers Sniff at Movement Restrictions - OCCRP - 0 views
-
the predicament facing cocaine smugglers, as the global pandemic has increased scrutiny on them and disrupted their smuggling and distribution networks. But it also highlights their flexible approach to their trade, which has kept business booming even as many of the world’s legal sectors have ground to a halt.
-
OCCRP reporters have found that the world’s cocaine industry — which produces close to 2,000 metric tons a year and makes tens of billions of dollars — has adapted better than many other legitimate businesses. The industry has benefited from huge stores of drugs warehoused before the pandemic and its wide variety of smuggling methods. Street prices around Europe have risen by up to 30 percent, but it is not clear how much of this is due to distribution problems, and how much to drug gangs taking advantage of homebound customers.
-
cocaine continues to flow from South America to Europe and North America. Closed trafficking routes have been replaced with new ones, and street deals have been substituted with door-to-door deliveries.
- ...13 more annotations...
Imperialist appropriation in the world economy: Drain from the global South through une... - 0 views
-
Unequal exchange theory posits that economic growth in the “advanced economies” of the global North relies on a large net appropriation of resources and labour from the global South, extracted through price differentials in international trade.
-
Our results show that in 2015 the North net appropriated from the South 12 billion tons of embodied raw material equivalents, 822 million hectares of embodied land, 21 exajoules of embodied energy, and 188 million person-years of embodied labour, worth $10.8 trillion in Northern prices – enough to end extreme poverty 70 times over.
-
Historians have demonstrated that the rise of Western Europe depended in large part on natural resources and labour forcibly appropriated from the global South during the colonial period, on a vast scale. Spain extracted gold and silver from the Andes, Portugal extracted sugar from Brazil, France extracted fossil fuels, minerals and agricultural products from West Africa, Belgium extracted rubber from the Congo; and Britain extracted cotton, opium, grain, timber, tea and countless other commodities from its colonies around the world – all of which entailed the exploitation of Southern labour on coercive terms, including through mass enslavement and indenture. This pattern of appropriation was central to Europe’s industrial growth, and to financing the expansion and industrialization of European settler colonies, including Canada, Australia, New Zealand and the United States, which went on to develop similarly imperialist orientations toward the South
- ...54 more annotations...
Extreme Heat, Drought Drive Opposition to AI Data Centers - Bloomberg - 0 views
-
Meta Platforms Inc. is planning to build a €1 billion ($1.1 billion) data center. Meta expects the facility to use about 665 million liters (176 million gallons) of water a year, and up to 195 liters per second during “peak water flow,” according to a technical report. Enthusiasm about the jobs the project is expected to create (1,000 in total, about 250 of which will be permanent) is now being weighed against heightened concerns over water.
-
“People don’t realize that ‘the cloud’ is real, that it is part of an ecosystem that consumes many resources,” says Aurora Gómez, a spokesperson for Tu Nube Seca Mi Río (“Your Cloud Dries Up My River” in Spanish), a group created to fight the construction. “People are not aware of the amount of water that goes into watching a kitten meme.”
-
With drought spreading around the globe, battles are emerging between data center operators and adjacent communities over local water supplies in places such as Chile, Uruguay and parts of the southwestern US. In the northern Netherlands, public outrage erupted last year when a local news outlet reported that a Microsoft Inc. data center complex was consuming more than four times as much water as the company had previously disclosed.
- ...9 more annotations...
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade - The Ne... - 1 views
-
“More global trade is a good thing if we get a piece of the cake,” Mr. Duijzers said. “But that’s the problem. We’re not getting our piece of the cake.”
-
For generations, libraries full of economics textbooks have rightly promised that global trade expands national wealth by lowering the price of goods, lifting wages and amplifying growth. The powers that emerged victorious from World War II championed globalization as the antidote to future conflicts. From Asia to Europe to North America, governments of every ideological persuasion have focused on trade as their guiding economic force. Advertisement Continue reading the main story But trade comes with no assurances that the spoils will be shared equitably. Across much of the industrialized world, an outsize share of the winnings have been harvested by people with advanced degrees, stock options and the need for accountants. Ordinary laborers have borne the costs, suffering joblessness and deepening economic anxiety
-
When millions of workers lost paychecks to foreign competition, they lacked government supports to cushion the blow. As a result, seething anger is upending politics from Europe to North America.
- ...26 more annotations...
Les Leopold: Is there a Global War Between Financial Theocracy and Democracy? - 0 views
-
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.
NATO Viewed Favorably Across Member States | Pew Research Center - 0 views
-
when asked if there are parts of neighboring countries that really belong to their country, relatively few surveyed agree. However, among NATO member states, majorities in Hungary, Greece, Turkey and Bulgaria agree that parts of other countries belong to them. In many European countries, those with a favorable view of right-wing populist parties are more likely to support this statement.
-
In France, favorable views of NATO dropped from 71% in 2009 to 49% in 2019, a decrease of 22 percentage points. In Germany, favorable views of the organization declined by 16 points, and in Bulgaria favorable views are down by 12 points. In nonmember Russia, positive views have been nearly cut in half: In 2007, 30% had a favorable view of NATO. By 2019, just 16% expressed the same sentiment.
-
Both Democratic and Republican views of NATO remained generally stable until 2017, when Democrats grew much more likely to support NATO than their counterparts, a difference that has not changed significantly since. In 2017, 74% of Democrats and 48% of Republicans had a favorable opinion of the alliance, a difference of 26 percentage points. Since 2018, U.S. views of NATO have declined among supporters of both parties. Positive views among Democrats fell 15 points, while views among Republicans dropped 7 points.
- ...4 more annotations...
Outgrowing growth: why quality of life, not GDP, should be our measure of success - The... - 0 views
-
The old fantasy that market mechanisms will somehow magically solve the climate crisis has been thoroughly dashed, and a new consensus is emerging: we need coordinated government action on a massive scale.
-
Climate scientists are warning that it’s not feasible for high-income nations to transition to renewables fast enough to stay within the carbon budget for 1.5C, or even 2C, if they continue to pursue economic growth at the usual rates. Why? Because more growth means more energy demand, and more demand makes it all the more difficult to roll out enough renewable energy capacity. According to a team of scientists based in Canada,
-
Our dogged insistence on economic growth is making this vital task much more difficult than it needs to be. It’s like choosing to fight a life-or-death battle while going uphill, blindfolded, with both hands tied behind your back. We are voluntarily sabotaging our chances at success.
- ...18 more annotations...
These Expats Are Stuck in Coronavirus Visa Hell-and Terrified of Going Back to U.S. - 0 views
-
A lot of foreign travelers have found themselves in dramatic situations over the last few months, sometimes because they waited too late in the global pandemic game to go home due to ignorance, stubbornness, or being lied to by travel agents or cruise ships. But Daniel was simply jumping through the exhausting bureaucratic hoops necessary to live and work legally in the country he’s called home for seven years.
-
The endless paperwork involved in moving to another country has long been a slow-motion nightmare for most foreign nationals, but all the more so now that the coronavirus has forced border and, more importantly, embassy closures. Many expats, immigrants and asylum seekers are finding themselves in a state of legal limbo with no certainty in sight.
-
It’s quite common for foreign contract workers in Myanmar, like Daniel, to cross the border every couple of months for a quick visa run, sometimes for months or even years on end while they await their residency cards (the equivalent of a U.S. green card). Daniel’s process has been held up by red tape and a landlord who won’t sign his final paperwork. It’s been six years already. Like most foreign nationals, he’s nervous the virus will result in immigration policy changes that might force him to go “home.” His current health insurance wouldn’t cover him in the U.S., though. “And I have no ‘home’ to go back to,” Daniel says. “My whole life is in Myanmar. I have nothing in the U.S.”
- ...10 more annotations...
Australia Opens Investigation Into U.S. Police Violence Against Its Journalists - 0 views
-
Australian government will open an investigation into U.S. law enforcement assaulting an Australian news crew covering protests in Washington, D.C., highlighting the growing diplomatic fallout for the United States with its closest allies from its long-standing problems with police violence and racial injustice
-
Senior European and African leaders condemned Floyd’s death and violence amid the U.S. protests, while abroad thousands of people demonstrated in front of U.S. embassies and consulates from Canada to Spain to New Zealand
-
Senior U.S. diplomats abroad have been forced to respond to the unrest at home, condemning Floyd’s death and insisting the United States continues to be a voice on human rights and press freedom in the world.
- ...1 more annotation...
1 - 13 of 13
Showing 20▼ items per page