Posts Tagged ‘Pacific Rim’

The world scene: Links & comments 7/8/14

September 8, 2014

Rigged Rules: A Rogue Corporation in the World Bank’s Rogue Tribunal by Robin Broad and John Cavanaugh for Triple Crisis.  (via Naked Capitalism)

The government of El Salvador has denied a license to an Australian-Canadian company, Pacific Rim, to mine for gold because their operations would discharge arsenic and cyanide into streams from which half the population gets its drinking water.

Pacific Rim has sued El Salvador for $300 million under the “investor-state” provisions of the Central American Free Trade Agreement, and the case will be decided by the World Bank’s International Center for Settlement of Investment Disputes in Washington, D.C.

Similar provisions to override national sovereignty are part of the 12-nation Trans Pacific Partnership Agreement and 28-nation Tranatlantic Trade and Investment Partnership (aka TAFTA) now being negotiated by the United States.

Losing Credibility: The IMF’s New Cold War Loan to Ukraine by Michael Hudson for Naked Capitalism.

The International Monetary Fund violates its own rules by lending the Ukrainian government more money than it has any reason to think can be paid back, in order to finance the Ukrainian governments war with eastern Ukrainian separatists.

Economist Michael Hudson says the IMF’s real objective is to force Ukraine to sell off its agricultural land and to open itself up to fracking for natural gas.

‘Why Not Kill Them All?’ by Keith Gessen for the London Review of Books.

Keith Gessen, reporting from Donetsk, described the Ukrainian war as a conflict between fascistic Russian-backed separatists and a fascistic Ukrainian government, with sincere democratic reformers and ordinary people left without any options.

Three Reasons Why Putin Laughs At Impotent America by Eamonn Fingleton for Forbes.

Once the United States was the world’s leading manufacturing nation, the world’s leading creditor nation and the world’s leading trading nation.   We Americans have thrown away all these advantages.

Now American companies have off-shored production to foreign countries, which means that the USA is losing our old American know-how.  The USA as a whole, not just our government, is in debt, which means foreigners are buying up national assets.  And we open our market to foreign companies unconditionally, rather than using this as a lever to gain advantage.

The world still must reckon with our huge military forces and our dominance of international financial institutions, but these are the afterglow of our past power.

It’s not President Obama as an individual who is weak.  It is the USA as a whole.

Only Cool Heads Can Defeat ISIS by Patrick J. Buchanan for The American Conservative.

The tide is turning against the bloodthirsty so-called Islamic State, which has suffered defeats by the Iraqi army and the Kurdish peshmerga militia.  ISIS is vastly outnumbered by the armies of Iraq, Syria and Turkey.

If ISIS is U.S. Enemy No. One, then it doesn’t make sense to be trying to destroy the enemies of ISIS—Syria, Iran, Hezbollah, the Kurdish PKK fighters in Turkey and Vladimir Putin’s Russia.

ISIS would like the U.S. government to unilaterally send troops into another Middle East quagmire war.   President Obama is wise to not play into their hands.

How Obama’s Non-Strategy ISIS Strategy Works by Leon Hadar for The American Conservative.

President Obama is wise to hold back and allow Turkey, Saudi Arabia and other Middle East countries to take the lead in attacking ISIS.  The flaw in Obama’s policy is the idea that the U.S. can wage a proxy war against the Syrian government and the ISIS forces in Syria at the same time.