Issue No. 234 (Feb 2010)
Financial Crisis: Reflecting on reforms amidst new threats
default in the core?
There is concern that some heavily indebted countries in the Middle
East and Europe are in danger of defaulting
on their debt obligations.
the euro survive?
Financial jitters about a sovereign default have shifted to the European
Union, and the euro is seen as particularly vulnerable.
crisis: Financial speculators are behind this too!
Will action ever be taken to curb financial speculators, especially
the hedge funds?
problem of reserves in developing countries
This first of three articles explains the need for an alternative to
the US dollar as a reserve currency, pointing to problems faced by developing
countries under the current system.
SOREN AMBROSE & BHUMIKA MUCHHALA
SDRs to finance development
In this second article, Soren Ambrose
and Bhumika Muchhala explain what SDRs are and how they work.
role of SDRs in the global financial system
In this third and final article,
Soren Ambrose and Bhumika Muchhala explain how SDRs can be part of global
financial reforms, specifically in repairing the current distorted and
inefficient global reserve system.
of international financial markets and capital flows - some developing-country
A leading financial expert considers various reform proposals to regulate
international financial markets and capital flows to avert future crises.
decides to go slow on the introduction of GM food crops
India’s Environment Ministry has blocked
commercial cultivation of the world’s first genetically engineered eggplant
treaty on damage caused by genetically modified organisms in sight
An international treaty on liability and redress for damage caused by
genetically modified organisms may be in the cards.
LIM LI LIN & LIM LI CHING
Accord in line with 3.9-degree warming, say US researchers>
The pledges submitted under the
Copenhagen Accord against climate change would bring disaster to the
environment and human life.
costs of Amazon dam revealed
The proposed Belo Monte Dam would have serious consequences for the
region, its inhabitants and ecosystems of the Amazon forest.
Blair: Faith as alibi
Tony Blair compounded his unrepentant justification of his decision
to invade Iraq with
an equally uncompromising call to get tough with Iran.
from the media: Cuban aid to Haiti
There was barely a mention by the international
media that the country that provided the largest medical contingent
in aid to Haiti was Cuba.
detentions widespread in war on terror, say experts
In violation of international human rights and humanitarian law, secret
detention continues to be used in the name of combating terror around
still has a woman's face'
Women and poverty still share an uncomfortable spot on the development
matrix of countries across Asia-Pacific that are struggling to end deprivation.
DIANA G MENDOZA
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