Wednesday, March 17, 2010

China in Africa: coloniser or development partner?

I just read an irritating article from CBSnews on China in Africa.

Irritating because it is filled with mistakes, emotional appeals and shallow analysis.

Irritating because most of the reader’s comments at the bottom of the article think that this is an excellent piece of writing.

*SIGH*

George Bush’s Aids policy has been a success and welcomed across Africa? Really? His no condom policy was great?

I think other people with more expertise beg to differ.

USA does not have baggage like Europe does in Africa? Does this author know anything about Africa’s history? Ever heard of Patrice Lumumba? As one of the commentators says:

“The United States does not carry baggage from a colonial past as do European countries.? Not from a colonial past, yes. However, propping up dictators who abuse their people and ruin their countries?that is a baggage. So is overthrowing revered leaders like Kwame Nkrumah and spearheading the assassination of beloved patriots such as Patrice Lumumba.”

Then you have the scare tactics such as the false claim that China has leased half of Congo’s farmland (media articles always seem to need to put some random statement with no evidence on this type of “neo-colonialism” by China these days).

In essence the author of the article argues that China’s involvement in Africa is driven by nothing other than China’s quest for political and economic power. There is no such thing as good will involved.

“Roads in Nairobi, notorious for their clogged traffic circles, are being widened and repaved with large billboards telling Kenyans that the work is a gift from the people of China. The fact that the roads will ease congestion for Kenyan motorists is an afterthought to the benefactor which requires modern infrastructure to move African commodities to ports for shipment to China.”

Yes, China’s investments do serve Chinese interests aswell as African interests, but this is the concept of “win-win” situations. And what is the problem with a situation in which both sides can derive benefits?

Isn’t this the very fundamental principle of a free market economy? With out the possibility of win-win outcomes there would be no trade and no interaction. In short there would be no market for anything.

One could of course say that genuine altruism entails the willingness to do something (such as building that road in Kenya) without there necessarily being any advantage to oneself. But let’s be realists here for a second.

Do you honestly think that any country out there is making investments and giving off aid in a purely altruistic manner? The driving force behind any country’s actions is self-interest, in particular in democratic countries because those elected governments are accountable to their people above all other things.

I am not saying that individuals working with aid is doing so with their own country’s national interest at heart. I know lots of people who work  in the aid industry, my parents included, who are genuinely committed to assisting other countries in reducing poverty and improving living conditions. But the state as an apparatus does not have a heart or emotions or feelings of empathy even though individuals working within these institutions may have this.

The article also talks about how America must come forward as a leader and promoter of human rights and liberty.  Similar to what I said above, do you really think that America is just in Afghanistan to promote progressive values?

No doubt this is part of their job there, my brother is in the army in Afghanistan. I know he is there because he truly is fighting for these values and with the aim of creating a better place for Afghanis.

But again lets ask ourselves, why Afghanistan? Why not Sudan? Why not Swaziland or the DRC?

The answer is that a government will have to prioritize, the American’s can’t use military pressure everywhere it is needed. They have to prioritize. And of course they will prioritize Afghanistan which pose a security threat to America. I don’t think this diminishes the importance of their work in promoting human rights in Afghanistan, but my point is that in this world where resources are limited, governments will always have to prioritize. And they will prioritize in their national self-interest first and foremost.

Something else that comes up constantly when China’s aid to Africa is mentioned is how they give indiscriminately to all governments including those who are sanctioned by the West such as Mugabe.

However I object to this vilification of China in an attempt to whitewash Western donors relations with African countries. Of course, just because the West has also been engaged in some pretty gruesome behaviour in Africa it does not make it right for China to do so aswell. But I think we need to look at what is actually being done.

Unlike the West, China are not engaged in creating coup detat, assassinations or install a puppet government in Africa. They are enablers yes, but not actively scheming out political plots . They are simply businessmen, not politicians in a quest for global dominance.

China is pragmatic and adhere to the principle of non-interference. This means that they enable African governments to do as they like. This can be bad in the case of Zimbabwe and Sudan. On the other hand, it also enables African governments who genuinely want to develop their economies to persue the policies they would like to. This is in starch contrast to Western donors who impose policy prescriptions in the name of good governance.

The emergence of China as an alternative source of funding is not just welcomed by sanctioned leaders such as Mugabe, but also by those governments who have their own nation’s interest at heart. Decades of SAP’s have not lead to a miraculous change the economies of African countries.  The imposition on policy restrictions and prescriptions is void of any democratic value (that the West proclaims to promote).

Looking at the development process of economies  such as Korea, Taiwan and Japan one finds that the exact policies used to develop those economies are being banned as conditions for aid in Africa. Despite having good intentions, these policies have amounted to nothing spectacular. The conditions imposed on aid-recipient countries has denied developing countries to implement necessary policies for their economic development, thereby rendered them aid-dependent.

China thus presents an opportunity for countries wishing to emulate the development process of  success countries such as Korea, Japan and even the United States itself.  Of course,  “bad” countries such as Mugabe will not improve with Chinese funding, but at least the “good” ones will now finally regain some bargaining power ower their own policy decisions.

Does this mean that I am against imposing conditions on aid? No.

I see no reason why tax payers in Norway or Sweden should pay for Mswati’s children to go shopping in Paris and Milan. A lender and giver should of course have the right to be assured that the money goes to the people it was destined for, not some greedy individuals pocket. So conditions for transparency and corruption control are important measures. I do think it is immoral to back up regimes that violate human rights.

But the conditions attached to Western aid today does not stop at that. The conditions extend into policy decisions, social policy, economic policy, matters that we normally would consider the job of an elected government to execute are now being imposed by donors abroad. The West tiptoe around issues such as the discrimination against homosexuals (a true human rights issue) in the name of “cultural sensitivity” but instead demand the recipient economy relinquish any economic policy autonomy.

What do we really mean by good governance? A government that is transparent and combats corruption? A government that do not violate human rights? Or a government that opens their trade borders for Wester products? A government that follow specific economic policies that Western countries deem in their best interest (African’s can’t think for themselves seems to be the reoccurring motto amongst Western donors). To give a quote from one of my favourite economists, Erik Reinert:

“Race was convenient for explaining poverty in the colonies, thus exonerating the colonial prohibition of industrial production from blame….African’s were not poor because they had not been allowed to industrialize, they were poor because they were black. Today we when we emphasize the role of corruption n in creating poverty, we are a little bit more politically correct. African’s are no longer poor because they are black, they are poor because blacks are corrupt. In the final analysis the difference is marginal”

Ah that heavy white man’s burden.

We don’t have to choose between ignoring recipient government’s actions completely and imposing our own policies on them. If we want to demonstrate the value of democracy and freedom, the best way is to practice what we preach.

[Via http://shanghaisigrid.wordpress.com]

Monday, March 15, 2010

Repo Fraud

Yesterday, I wrote about the possibility of control fraud existing in the for-profit trade school industry. The weapon of choice when it comes to control fraud is accounting fraud.

This morning, I read an article from the Christian Science Monitor about how Lehman Brothers employed accounting fraud “amid [the] financial crisis.”

It appears Lehman was using repurchase agreements (repos) “at the end of each quarter to make its finances appear less shaky than they really were.”

A repurchase agreement is a financial instrument or contract. According to Phillipe Jorion, a repo is:

An agreement between two parties under which one part agrees to sell a security and buy it back on an agreed-upon date and at an agreed-upon price. In return, the seller receives cash. The difference between the original sale price and the subsequent repurchase price acts as interest on a loan, which, when expressed as an interest rate, is commonly known as the repo rate. (Jorion, p168)

It appears Lehman created “a materially misleading picture of the firm’s financial condition in late 2007 and 2008.”

Repos also face interest-rate risk, and especially extreme risks if you leverage them. Should yields go up, the value of the securities goes down. (Jorion, p34)

(Reference: Big Bets Gone Bad, Jorion, P., 1995)

[Via http://trungchatter.wordpress.com]

From The NY Times: Ross Douthat- "Paul Ryan's Redistributionism'

Full post here.

Some people insist that the current health-care bill is the only option to resolve rising health-care costs…does the Ryan plan address their needs enough?  An enormous bill and an enormously complicated debate.

Also On This Site:  From Youtube Via Althouse-’Paul Ryan: Hiding Spending Doesn’t Reduce Spending’

The most knowledgable articles I’ve read that make the case for some government involvement are here:

Atul Gawande At The New Yorker: ‘The Cost Conundrum Persists’

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[Via http://chrisnavin.wordpress.com]

Receiving Stolen Goods - How the Law is Practiced

Did you know that you could be prosecuted for the possession of stolen goods if those goods were given to you for free, whether or not you knew it was stolen?

Okay, here is the law: If you bought goods without knowing it was stolen, you wont be prosecuted. In order to be prosecuted you have to be aware that the goods were stolen when you bought them.

The problem is, however, that the State has made the assumption that if you dont pay for goods – that is, you received them for free – then you should have suspected they were stolen and turned them down. Ultimately, the State can prosecute you for receiving stolen goods that you didnt even know were stolen… simply because you received them for free.

The only difference, the only variable, between the two scenarios is… the price!

Should you inadvertently accept goods that were stolen though you didnt even know, whether or not you received them for free makes the sole difference between prosecution and not!

I find this to be highly socialist. Here is a perfect example within our society of laws being highly socialist.

Never mind the fact that the goods were stolen… it is apparently an irrelevant variable. What matters is whether or not you paid for them. What matters is whether or not the exchange was one of capitalism. What matters is whether or not the parties participated in the capitalist agenda, whether there is… sales taxation? (I guess?!)

I am quite upset about this. Not that I have anything against socialism in general, but the shear fakery of our own society… of the corruption of a capitalism government to interfere with law. Socialism.

For law to step in and dictate to me that any price other than zero is the only acceptable price for a transaction… well, that is just interference by the government in the economic trade of goods. How is that anything short of socialist?

I understand that thieves should be prosecuted. I understand that stolen goods should be given back to their rightful owners. I understand that anyone who willingly accepts stolen goods (for any price) only aids the thief’s and promotes the problem of thievery. But I dont get where the government gets off letting the naive go simply because they paid while prosecuting other naive simply because they didnt. How does that make sense? How is that fair or just?

Why doesn’t the judicial system just step in now and dictate prices altogether? It makes more sense to regulate all transactions rigorously just to prevent thievery, instead of prosecuting people for taking advantage of a good deal… which, by the way, is what capitalism and entrepreneurship is all about.

Can an individual protect themselves from prosecution if they have a receipt proving the transaction occured, even if the price on the receipt is a zero?

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[Via http://cogitoergocogitosum.wordpress.com]

Friday, March 12, 2010

Centre for the Study of Education and Work - Update 12th March 2010

Wor, work, work

CENTRE FOR THE STUDY OF EDUCATION AND WORK – UPDATE 12th MARCH 2010

EVENTS

BRIDGING THE GAP: RALLY IN SUPPORT OF SUDBURY STEELWORKERS

USW Local 6500 is in the hometown fight of their lives. Our members have been fighting strong for 8 months.

On Monday, March 22nd at 4:30 pm we are having a massive rally to show the solidarity and support that our local has from our members, our community, our province, and from around the world. There are 30 delegates from around the world (Brazil, Germany, Australia, Geneva, Indonesia, Zambia, and more) who have already committed to attending. Can I count on you to attend as well? Can I count on you to share this message with everyone you know?

We are looking for community members, organizations, clubs, unions, political groups, and community businesses to attend. Show up in large numbers and bring your banners, your flags and your signs! We need your help!

For more info, email: usw@uswsudbury.ca

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NORMA SCARBOROUGH: TRIBUTE TO A PRO-CHOICE FIGHTER

Saturday, April 17

3:00pm – 5:00pm

Koffler House

569 Spadina Avenue, Room 108, Toronto

Join us to pay tribute to Norma Scarborough’s life of feminism and pro-choice activism. Memorial donations will be accepted for the Canadians for Choice Norma Scarborough Fund.

For more information or to donate to the fund, please contact Canadians for Choice at info@canadiansforchoice.ca

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THE FIFTH (AND FINAL) ANNUAL SOUTHERN ONTARIO SOCIAL ECONOMY NODE SYMPOSIUM

April 12 (8:30-4:30) and 13 (8:30-3:30)

Ontario Institute for Studies in Education, University of Toronto,

252 Bloor St W. (St. George subway station), Ground Floor Library

Keynote:

The Social Economy: A New Way to Manage Wealth

Michel Labbé, President and Founder of Options for Homes and more recently Options for Green Energy.

Interactive sessions with academic and community researchers who will share their work and insights

Short workshops on topics relevant to social economy organizations

A preliminary program is below and more information is posted on our website: http://sec.oise.utoronto.ca/english/symposium_10.php

There is no cost for this event. However, registration is required: http://www.surveymonkey.com/s/95GS5NH

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THE GREEN ECONOMY: PRACTICAL STRATEGIES TO CREATE COMMUNITY-BASED ECO-ECONOMIES

Taught by Brian Milani, author of Designing the Green Economy: the postindustrial alternative to corporate globalization

30 Hours over 10 weeks, Thursdays

April 8-June 10, 6 to 9pm

Ontario Institute for Studies in Education (OISE)

U of Toronto, 252 Bloor St. W.

(directly above St. George subway stop)

Eighth Floor, Room 8-214

Cost: $180

The Green Economy is an overview of radical potentials for reorganizing the economy for social and ecological purposes, while at the same time showcasing exciting alternatives being built right now in the existing economy.

The premise of the course is that today’s social, economic and environmental crises are not problems of management, but of design. A process of economic conversion is necessary to create economic structures which facilitate human self-development, social justice, community enrichment and ecological regeneration.

Sponsored by the Transformative Learning Centre, OISE.

For more info: http://www.greeneconomics.net/cour2010.htm

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APRIL 28: DAY OF MOURNING FOR INJURED, KILLED, OR SICK WORKERS

On Christmas Eve 2009, four workers in Toronto were killed and one seriously injured when a construction swing stage snapped in half and plummeted 13 storeys to the ground. Another 400 Ontario workers were killed the same year and about 374,000 were injured.

On Wednesday, April, 28th, we remember our sisters and brothers who have been killed on the job or who have died as a result of workplace diseases. This special day also offers an opportunity to re-dedicate our efforts to achieve healthier and safer workplaces and seek justice and fair compensation for injured workers.

For more details visit: http://www.whsc.on.ca/events/day_mourn.cfm

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CITY IS A SWEATSHOP: MARCH 19 & 20

As we prepare to flood the streets of Toronto on May Day (May 1, 2010), and as we build our resistance to the G8/G20 Summits coming to Toronto in June 2010, this series of events will lay out a vision for a city that includes everyone that lives, works, loves and struggles here.

More details: http://toronto.nooneisillegal.org/node/422

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NEWS & VIEWS

WE’VE SOLD OFF ASSETS SO OFTEN, BRANCH PLANTS ‘R’ US

In a global economy, a country needs global companies, headquartered at home. Canada doesn’t have enough of them… Other countries know this. In Brazil, Vale is shielded from unwanted takeover by the government’s “golden shares,” which give authorities veto power. No Brazilian government would dream of allowing Vale to fall into foreign hands, whereas Ottawa waves takeovers through like a cop trying to speed traffic along.

To read more: http://bit.ly/bGCUnJ

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WOMEN’S EQUALITY HAS DECLINED UNDER HARPER TORIES

Describing it as a “Reality Check,” labour and women’s groups have issued a stinging new report describing Canada’s lagging performance in achieving women’s equality.

The report, entitled Reality Check: Women in Canada and the Beijing Declaration and Platform for Action Fifteen Years On, cites regression in everything from pay equity to child care. It was prepared by the Canadian Feminist Alliance for International Action and the Canadian Labour Congress.

To read more: http://www.nupge.ca/content/womens-equality-has-declined-under-harper-tories

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WORKERS, BANKING, AND CRISIS IN MEXICO

A striking feature of the global financial crisis is the narrow and technical focus on banks and financial corporations without accounting for ordinary workers in these institutions and in society more broadly. Yet through the intensification of work, workers have also underwritten the profitability of finance. This has been generally ignored.

In the nexus between workers, banking, and crisis, the case of Mexico is revealing due to the nature, evolution, and history of its emerging capitalist banking system. Examining the conditions of workers in Mexico is particularly important because it helps to explain not only the increase in bank profitability leading up to the global financial crisis but also the capacity of banks in Mexico to weather its worst consequences.

This focus seeks to complement, not replace, analyses concerned with large interest differentials, rising commissions and fees, as well as usurious consumer and state debt servicing.

To read more: http://www.socialistproject.ca/bullet/323.php

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BUDGET 2010: OVERVIEW AND SUMMARY

This budget includes two major measures: another tax cut for business  and ongoing cuts to federal public services.

Check out CUPE’s comprehensive budget analysis on everything from climate to child care to EI to education, water, women and more.

To read more: http://cupe.ca/budget/budget-2010-overview-analysis-summary

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VIDEO: TORONTO RALLY FOR STEELWORKER LOCALS 6500 AND 6200 ON STRIKE AT VALE INCO

Three years ago, Vale – a giant multinational corporation, based in Brazil – bought Canada’s mining company Inco. Now it has forced 3,500 miners and smelter workers in Sudbury, Port Colborne and Voisey’s Bay out on strike. It’s demanding huge rollbacks in pensions, nickel bonus and seniority rights.

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JOB POSTINGS

COMMUNICATIONS COORDINATOR, RAINBOW HEALTH ONTARIO, TORONTO

Deadline: March 29, 2010

Full job description: http://www.sherbourne.on.ca/PDFs/jobs/RHO-10-0207-Comm-Coordinator-FT.pdf

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COMMUNITY DEVELOPMENT ADVISOR, OFFICE OF THE PROVINCIAL ADVOCATE FOR CHILDREN AND YOUTH, TORONTO

Deadline: 5pm March 15, 2010

For more information on this position follow this link: http://www.charityvillage.com/cvnet/viewlisting.aspx?id=209592&eng=true&

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COMMUNITY URBAN FORESTRY INTERNS (3), SUMMER, GREENHERE, TORONTO ON

Start Date: June 14 2010

End Date: August 13 2010

Employment Type: Full time

Closing Date: March 19 2010

Organization:  GreenHere http://www.greenhere.ca

Please submit your cover letter and resume by mail or email to: info@greenhere.ca

Mail: 21 Blackthorn Ave., Toronto, Ontario M6N 3H4

(from Canada’s Green Job Site, http://www.GoodWorkCanada.ca)

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OUR MANDATE:

The Centre for the Study of Education and Work (CSEW) brings together educators from university, union, and community settings to understand and enrich the often-undervalued informal and formal learning of working people. We develop research and teaching programs at the Ontario Institute for Studies in Education (UofT) that strengthen feminist, anti-racist, labour movement, and working-class perspectives on learning and work.

Our major project is APCOL: Anti-Poverty Community Organizing and Learning. This five-year project (2009-2013), funded by SSHRC-CURA, brings academics and activists together in a collaborative effort to evaluate how organizations approach issues and campaigns and use popular education.

This is a moderated list. To send postings to the list, please email them to rhonda_sussman@yahoo.ca

To change your subscription settings, visit http://listserv.oise.utoronto.ca/mailman/listinfo/csewbroadcast

For more information about CSEW, visit: http://www.csew.ca

*END*

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

MySpace Profile: http://www.myspace.com/glennrikowski

[Via http://rikowski.wordpress.com]

Fluvanna’s Budget Progress Continues

By William J. Des Rochers, Fluvanna Field Officer

Fluvanna’s Board of Supervisors met in work sessnickelion on March 10th to set the framework for the FY 2011 budget. By the end of the meeting, the Board agreed to hold a public hearing on increasing real estate taxes by ten percent (to $.55 per $100).

The supervisors also opted to take $600,000 from the county’s “savings account” (the undesignated fund balance), restored $2 million to the school budget contribution. They retained another $ 600,000 in budget cuts. Collectively, the measures would erase what would have been a $3.9 million deficit.

Questions surfaced after the meeting as to what exactly transpired. There was no clear articulation from the Board, for example, that the tax increase was to fund the school bond debt – there is a dedicated line for that purpose in Fluvanna’s budget. Previously, five cents of the real estate tax had been set-aside for debt retirement: the aggregate debt requirement for FY2011 is 17 cents. By FY 2013, that figure will rise to 21 cents.

The Constitutional officers were seen asking what happened to their accounts. For the most part, staff recommended no cuts for those budgets, but supervisors did not confirm that. Indeed, very little was confirmed. Supervisors wanted to restore proposed cuts to the social services department, but it still stands to lose a one employee.

At one point, one supervisor supported his ideological polar opposite to spend down the fund balance, only to realize after the meeting that his stated position would have double-taxed constituents.

As it stands now, the two liberal supervisors: Ms. Mozell Booker (Fork Union) and Mr. John Gooch (Palmyra) emerged the clear winners. The school system was only reduced by $1 million – despite the fact that three supervisors were prepared to cut $1.5 million. There will be only minimal layoffs in non-school employment. The School Board makes its own budget decisions.

Just where all this ends up is anyone’s guess. The broadest of outlines are there but the practical implications for taxpayers and county functions remain elusive.

[Via http://freeenterpriseforum.wordpress.com]

April 12's the day for Caribbean Airlines to Take Over Air J

“We are working with Caribbean (Airlines) towards a transaction date concurrent with our major schedule change on April 12, 2010,” Nobles disclosed.

He, however, acknowledged that the date was a “target” and could change.

“The plan is that all employee positions at Air Jamaica Holdings Ltd will be made redundant effective with the transaction date,” he revealed.

He said Caribbean Airlines will be financially responsible for the transition operation after the transaction date.”

via Jamaica Gleaner News – April 12’s the day – Lead Stories – Thursday | March 4, 2010.

Caribbean Airlines Plane

“The plan is that all employee positions at Air Jamaica Holdings Ltd will be made redundant effective with the transaction date,” he revealed.

That line especially doesn’t bode well for the already overcritical unemployment rate. This deal doesn’t seem to have any lasting advantage to Jamaica. Yes, we get it of our books but over 10,000 people stand to lose their livelihood not to mention the prospect of the resultant dependence on external entities to work in our interest.

It is understandable that we must divest. It makes logical sense! But wisdom must be practiced in every avenue of governance. This is an incredibly frustrating situation, but our Government is increasingly ignoring us, so what can we say?

We must be careful with this administration, it is increasingly seeming to have someone’s interest in mind that is not ours. Stay alert out there!

[Via http://thinkingjamaica.wordpress.com]