John Pilger's The New Rulers of the World tackles the double standards inherent in the politics of globalization. It sets out to explain something of the "new" order--the unholy alliance of business interests and imperial repression--and the importance of breaking the silence that protects great power and its manipulations.
While advocating regulatory reform and new rules on accounting and fraud, President George W. Bush yesterday said world leaders should rely on capitalism and free markets to see them through the financial turmoil.
Micro-Lending and the Battle Against World Poverty
“I don’t know … there must be a simple way. The borrower comes back with his or her deposit receipt, presents it to the cashier, and the cashier gives back the money. Whatever accounting the bank does is the bank’s business.”
The manager shook his head but did not answer. “It seems to me your banking system is designed to be anti-illiterate,” I countered.
About the AuthorMuhammad Yunus was born in 1940 in Chittagong, a seaport in Bangladesh. The third of fourteen children, five of whom died in infancy, he was educated at Dhaka University and was awarded a Fulbright scholarship to study economics at Vanderbilt University. In 1972 he became the head of the economics department at Chittagong University. He is the founder of the Grameen Bank.
In response to the overwhelming poverty in Bangladesh, Fazle H. Abed created the Bangladesh Rural Advancement Committee. His organization has helped lift millions out of poverty through comprehensive microfinance programs in Bangladesh.
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Bangladesh is heading towards the path of becoming the third nuclear nation in South Asia. The topic came in discussion during meetings between the Chinese minister Yang Jiechi and Bangladesh's foreign advisor Iftekhar Ahmed Chowdhury.
The Chinese minister was on a two-day tour to Bangladesh recently.
The foreign advisor of Bangladesh said, China is a partner and the visit of Chinese minister would further strengthen this relationship.
´Our friendship is rooted in history, but like all relationships, ties between nations also have to be renewed and reinvigorated from time to time, and this visit was an occasion to do just that,´ the foreign adviser stated.
The Chinese foreign minister said, military cooperation is an important part of the overall bilateral relation between Bangladesh and China. Jiechi, who also met the army chief, General Moeen U Ahmed, made the remarks to journalists.
Via American Chronicle
A Zimbabwean holds a newly issued fifty million dollar note. The country is in a severe economic and political crisis, with official inflation figures at over 100,000 percent. The new note is worth the equivalent of three loaves of bread.
> AP Images
The myths of globalisation have been incorporated into much of our everyday language. "Thinking globally" and "the global economy" are part of a jargon that assumes we are all part of one big global village. In 2001, John-Pilger made 'The New Rulers of the World', a film exploring the impact of globalisation.
It took Indonesia as the prime example, a country that the World-Bank described as a 'model pupil' until its 'globalised' economy collapsed in 1998.
The leaders of India and China are meeting in Beijing in an effort to boost friendlier relations. It's Indian Prime Minister Manmohan Singh's first visit to China, which will discuss strengthening economic-ties, as well border disputes.
"The Government of the Republic of Malawi recognizes that there is but one China in the world, the Government of the People's Republic of China is the sole legal government representing the whole of China," she said.China and Taiwan split amid civil war in 1949. Since then they have engaged in an all-out contest to win diplomatic-allegiance from countries around the world.
Via AP
