The headline news is that this Tuesday in Fortaleza, northeast Brazil, the BRICS group of emerging powers (Brazil, Russia, India, China, South Africa) fights the (Neoliberal) World (Dis)Order via a new development bank and a reserve fund set up to offset financial crises. The devil, of course, is in the details of how they’ll do it. It’s been a long and winding road since Yekaterinburg in 2009, at their first summit, up to the BRICS’s long-awaited counterpunch against the Bretton Woods consensus – the IMF and the World Bank – as well as the Japan-dominated (but largely responding to US priorities) Asian Development Bank (ADB). The BRICS Development Bank – with an initial US$50 billion in capital – will be not only BRICS-oriented, but invest in infrastructure projects and sustainable development on a global scale. The model is the Brazilian BNDES, which supports Brazilian companies investing across Latin America. In a few years, it will reach a financing capacity of up to $350 billion.
Category: Iraq
BRICS, South American leaders to hold talks Leaders of the BRICS group of emerging powers hold a summit Wednesday with South American presidents, bringing together nations seeking alternatives to US influence in the…
Leaders of the BRICS nations, from left, Russia’s President Vladimir Putin, India’s Prime Minister Narendra Modi, Brazil’s President Dilma Rousseff, China’s President Xi Jinping and South Africa’s President Jacob Zuma, pose for a group…
During his Latin American tour President Putin never said the voyage was a response to US-led NATO provocative activities near the Russian borders. He never made any statements of confrontational nature, no matter the US…
This is not the first time Israel had attacked the imprisoned people of Gaza, who cannot flee their bombs or bullets. Egypt has limited its response to offering safe passage via the Rafah…
The Palestinians have been the victims of genocide as defined by the 1948 Convention on the Prevention and Punishment of the Crime of Genocide. I say that because of my practical experience: On 8 April 1993 and 13 September 1993 I single-handedly won two World Court Orders on the basis of the 1948 Genocide Convention that were overwhelmingly in favor of the Republic of Bosnia and Herzegovina against Yugoslavia to cease and desist from committing all acts of genocide against the Bosnians in violation of the 1948 Genocide Convention. This was the first time ever that any Government had won two such Orders in one case since the World Court was founded in 1921. On 5August 1993 I also won a so-called Article 74(4) World Court Order for Bosnia against Yugoslavia for genocide. According to I.C.J. Statute Article 74(4), when the full World Court is not in session in The Hague, the President of the Court exercises the full powers of the Court and can issue an Order to the parties in a lawsuit that is legally binding upon them.
For a video presentation, please goes to the following link: http://mondoweiss.net/2014/07/seconds-warning-destroys.html Israel claims it is warning civilians about missile strikes by “roof knocking.” Israeli army spokesperson Lt. Col. Peter Lerner made that…
Tormenting Gaza: Disappointing global response to Israeli aggression calls for more grassroots efforts to help Palestinian struggle. While Gaza burns, the fiddlers at the UN worry about the text of a proposed Security Council resolution…
In Gaza, the implementation of the Zionist vision takes its most inhuman form. (Ezz Zanoun / APA images) In a September 2006 article for The Electronic Intifada, I defined the Israeli policy towards the Gaza Strip as an incremental…
Raul Hilberg in his monumental work “The Destruction of the European Jews” chronicled a process of repression that at first was “relatively mild” but led, step by step, to the Holocaust. It started with legal discrimination and ended with mass murder. “The destructive process was a development that was begun with caution and ended without restraint,” Hilberg wrote. The Palestinians over the past few decades have endured a similar “destructive process.” They have gradually been stripped of basic civil liberties, robbed of assets including much of their land and often their homes, have suffered from mounting restrictions on their physical movements, been blocked from trading and business, especially the selling of produce, and found themselves increasingly impoverished and finally trapped behind walls and security fences erected around Gaza and the West Bank.