Committee For The Abolition Of Illegitimate Debt
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Committee For The Abolition Of Illegitimate Debt
The Committee for the Abolition of Illegitimate Debt (CADTM), formerly called the Committee for the Cancellation of the Third World Debt (CCTWD), is an international network of activists founded on 15 March 1990 in Belgium that campaigns for the cancellation of debts in developing countries and for "the creation of a world respectful of people’s fundamental rights, needs and liberties. Aims CADTM's main aim is to achieve the cancellation of the external public debt in third world countries and subsequently to break the spiral of deeper and deeper indebtedness by setting up models of socially fair and environmentally sustainable development. It describes its supplementary aims as "radically transforming the world's institutional and financial framework"; protection of human rights; strengthening of citizens' movements and activism; and pressuring political leaders to implement human rights guarantees and implementing CADTM and "social movements'" policies. CADTM also aims to su ...
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Third World Debt
The debt of developing countries usually refers to the external debt incurred by governments of developing countries. There have been several historical episodes of governments of developing countries borrowing in quantities beyond their ability to repay. "Unpayable debt" is external debt with interest that exceeds what the country's politicians think they can collect from taxpayers, based on the nation's gross domestic product, thus preventing it from ever being repaid. The debt can result from many causes. Some of the high levels of debt were amassed following the 1973 oil crisis. Increases in oil prices forced many poorer nations' governments to borrow heavily to purchase politically essential supplies. At the same time, OPEC funds deposited and "recycled" through western banks provided a ready source of funds for loans. While a portion of borrowed funds went towards infrastructure and economic development financed by central governments, a portion was lost to corruption and ...
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Office Of The United Nations High Commissioner For Human Rights
The Office of the United Nations High Commissioner for Human Rights, commonly known as the Office of the High Commissioner for Human Rights (OHCHR) or the United Nations Human Rights Office, is a department of the Secretariat of the United Nations that works to promote and protect human rights that are guaranteed under international law and stipulated in the Universal Declaration of Human Rights of 1948. The office was established by the United Nations General Assembly on 20 December 1993 in the wake of the 1993 World Conference on Human Rights. The office is headed by the High Commissioner for Human Rights, who co-ordinates human rights activities throughout the United Nations System and acts as the secretariat of the Human Rights Council in Geneva, Switzerland. The eighth and current High Commissioner is Volker Türk of Austria, who succeeded Michelle Bachelet of Chile on 8 September 2022. In 2018–2019, the department had a budget of $201.6 million (3.7 per cent of the reg ...
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Bangkok Post
The ''Bangkok Post'' is an English-language daily newspaper published in Bangkok, Thailand. It is published in broadsheet and digital formats. The first issue was sold on 1 August 1946. It had four pages and cost one baht, a considerable amount at the time when a baht was a paper note. It is Thailand's second oldest newspaper and the oldest still in publication. The daily circulation of the ''Bangkok Post'' is 110,000, 80 percent of which is distributed in Bangkok and the remainder nationwide. From July 2016 until mid-May 2018, the editor of the ''Bangkok Post'' was Umesh Pandey. On 14 May 2018, Umesh was "forced to step down" as editor after refusing to soften coverage critical of the ruling military junta. History The ''Bangkok Post'' was founded by Alexander MacDonald, a former OSS officer, and his Thai associate, Prasit Lulitanond. Thailand at the time was the only Southeast Asian country to have a Soviet Embassy. The U.S. embassy felt it needed an independent, but generall ...
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Hurricane Maria
Hurricane Maria was a deadly Saffir–Simpson scale#Category 5, Category 5 Tropical cyclone, hurricane that devastated the northeastern Caribbean in September 2017, particularly Dominica, Saint Croix, and Puerto Rico. It is regarded as the worst natural disaster in recorded history to affect those islands. The most intense tropical cyclone worldwide in Tropical cyclones in 2017, 2017, Maria was the thirteenth tropical cyclone naming, named storm, eighth consecutive hurricane, fourth major hurricane, second List of Category 5 Atlantic hurricanes, Category 5 hurricane, and deadliest storm of the extremely active 2017 Atlantic hurricane season. Maria was the List of deadliest Atlantic hurricanes, deadliest Atlantic hurricane since Hurricane Mitch, Mitch in 1998 Atlantic hurricane season, 1998, and the List of the most intense tropical cyclones#North Atlantic Ocean, tenth most intense Atlantic hurricane on record. Total monetary losses are estimated at upwards of $91.61 b ...
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Puerto Rico
Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated territories of the United States, unincorporated territory of the United States. It is located in the northeast Caribbean Sea, approximately southeast of Miami, Florida, between the Dominican Republic and the United States Virgin Islands, U.S. Virgin Islands, and includes the eponymous main island and several smaller islands, such as Isla de Mona, Mona, Culebra, Puerto Rico, Culebra, and Vieques, Puerto Rico, Vieques. It has roughly 3.2 million residents, and its Capital city, capital and Municipalities of Puerto Rico, most populous city is San Juan, Puerto Rico, San Juan. Spanish language, Spanish and English language, English are the official languages of the executive branch of government, though Spanish predominates. Puerto Rico ...
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Democracy Now
''Democracy Now!'' is an hour-long American TV, radio, and Internet news program hosted by journalists Amy Goodman (who also acts as the show's executive producer), Juan González, and Nermeen Shaikh. The show, which airs live each weekday at 8 a.m. Eastern Time, is broadcast on the Internet and via more than 1,400 radio and television stations worldwide. The program combines news reporting, interviews, investigative journalism and political commentary, with a focus on peace activism linked to environmental justice and social justice, guided by the ethics of ecofeminism as a philosophy. It documents social movements, struggles for justice, activism challenging corporate power and operates as a watchdog outfit regarding the effects of American foreign policy. ''Democracy Now!'' views as its aim to give activists and the citizenry a platform to debate people from "The Establishment". The show is described as progressive by fans as well as critics, but Goodman rejects that labe ...
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Belt And Road Initiative
The Belt and Road Initiative (BRI, or B&R), formerly known as One Belt One Road ( zh, link=no, 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 150 countries and international organizations. It is considered a centerpiece of the Chinese leader Xi Jinping's foreign policy. The BRI forms a central component of Xi's "Major Country Diplomacy" ( zh, 大国外交) strategy, which calls for China to assume a greater leadership role for global affairs in accordance with its rising power and status. It has been compared to the American Marshall Plan. , 149 countries were listed as having signed up to the BRI. Xi originally announced the strategy as the "Silk Road Economic Belt" during an official visit to Kazakhstan in September 2013. "Belt" is short for the " Silk Road Economic Belt," referring to the proposed overland routes for road and rail transportation through landlocked Central A ...
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The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a readership of over 800,000. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is published by Bennett, Coleman & Co. Ltd. The founding editor of the paper when it was launched in 1961 was P. S. Hariharan. The current editor of ''The Economic Times'' is Bodhisattva Ganguli. ''The Economic Times'' is sold in all major cities in India. Other ventures In June 2009, The Economic Times launched a ...
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Éric Toussaint
Éric Toussaint is a historian and political scientist with a PhD from the universities of Paris VIII and Liège.Jadžić, Miloš & Miljković, Dušan & Veselinović, Ana (eds.). (2012). ''Kriza, odgovori, levica: Prilozi za jedan kritički diskurs'', Rosa Luxemburg Stiftung Southeastern Europe: Belgrade, p. 69 (in Serbian) He is spokesperson for the CADTM (Committee for the Abolition of Illegitimate Debt) – formerly called Committee for the cancellation of Third World debt – international network, of which he is one of the founding members, and he took part in the process that launched the World Social Forum in 2001. For more than twenty years his economic analyses and reviews have been widely read in the press and on the Internet. He is the author of numerous books, the most recent being ''Greece 2015 There was an alternative'', Resistance Books, the IIRE and the CADTM, London, 2020. The previous ones were: The Debt System. A History of Sovereign Debts and their Repudiatio ...
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Tobin Tax
A Tobin tax was originally defined as a tax on all spot conversions of one currency into another. It was suggested by James Tobin, an economist who won the Nobel Memorial Prize in Economic Sciences. Tobin's tax was originally intended to penalize short-term financial round-trip excursions into another currency. By the late 1990s, the term Tobin tax was being applied to all forms of short term transaction taxation, whether across currencies or not. The concept of the Tobin tax is being picked up by various tax proposals currently being discussed, amongst them the European Union Financial Transaction Tax as well as the Robin Hood tax. Tobin's original proposal Tobin suggested his currency transaction tax in 1972 in his Janeway Lectures at Princeton, shortly after the Bretton Woods system of monetary management ended in 1971. Prior to 1971, one of the chief features of the Bretton Woods system was an obligation for each country to adopt a monetary policy that maintained the e ...
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Land Reform
Land reform is a form of agrarian reform involving the changing of laws, regulations, or customs regarding land ownership. Land reform may consist of a government-initiated or government-backed property redistribution, generally of agricultural land. Land reform can, therefore, refer to transfer of ownership from the more powerful to the less powerful, such as from a relatively small number of wealthy or noble owners with extensive land holdings (e.g., plantations, large ranches, or agribusiness plots) to individual ownership by those who work the land. Such transfers of ownership may be with or without compensation; compensation may vary from token amounts to the full value of the land. Land reform may also entail the transfer of land from individual ownership—even peasant ownership in smallholdings—to government-owned collective farms; it has also, in other times and places, referred to the exact opposite: division of government-owned collective farms into smallholdings. Th ...
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Self-determination
The right of a people to self-determination is a cardinal principle in modern international law (commonly regarded as a ''jus cogens'' rule), binding, as such, on the United Nations as authoritative interpretation of the Charter's norms. It states that peoples, based on respect for the principle of equal rights and fair equality of opportunity, have the right to freely choose their sovereignty and international political status with no interference. The concept was first expressed in the 1860s, and spread rapidly thereafter. During and after World War I, the principle was encouraged by both Soviet Premier Vladimir Lenin and United States President Woodrow Wilson. Having announced his Fourteen Points on 8 January 1918, on 11 February 1918 Wilson stated: "National aspirations must be respected; people may now be dominated and governed only by their own consent. 'Self determination' is not a mere phrase; it is an imperative principle of action." During World War II, the princip ...
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