Without a doubt, the 68th UN General Assembly will be remembered as a watershed. Nations reached an agreement on control of chemical weapons that could avoid a global war in Syria. The volatile stalemate on the Iran nuclear program came a step closer to diplomacy....
This past month was the hottest July in the United States ever recorded. In India, the monsoon rains are long delayed, resulting in the country’s second drought in four years. Triple-digit temperatures in New Delhi and other cities have already provoked the worst power outages in the country’s history and the expected bad harvest is likely to slice at least 5 percent from GDP growth.
The leading tagline of the Occupy Wall Street movement reads: “Protest for World Revolution.” This is an ambitious claim, to be sure. And in most respects it seems to ring quite true: the movement has successfully taken root not only in cities and towns throughout the United States but also in major urban centers around the world. On October 15, Occupy Wall Street’s success inspired a broad wave of coordinated occupations across Europe.
But the Occupy movement has been notably absent outside of North America and Europe.
Almost a month after the debacle at the United Nations climate conference in Copenhagen (Conference of Parties or COP 15), the question of who scuttled the talks elicits fury and derision.
Close to a billion people in the world are hungry, and there is growing poverty, unemployment, and displacement in the rural sector. The world community is in widespread agreement about the urgency of more investment in agriculture. The food crisis, partly characterized by unstable markets and low reserves, has led governments to seek measures to meet their food security needs more directly than through global trade. Even though this year’s harvest was good and there was some replenishment of global stocks, there’s no certainty of what markets will look like next year.
Tapping into a long tradition of politicized science fiction, the young, New-York-based filmmaker Alex Rivera has brought to theaters a movie that reflects in new ways on the disquieting realities of the global economy. Sleep Dealer, his first feature film, has opened in New York and Los Angeles, and will show in 25 cities throughout the country this spring.
This whole week, beginning March 31, the United Nations Ad Hoc Working Groups on climate change are meeting in Bangkok in the critical first round of negotiations to follow up on the resolutions of the climate talks in Bali in December.
While the economic contraction is apparently slowing in the advanced industrial countries and may reach bottom in the not-too-distant future, it’s only beginning to gain momentum in the developing world, which was spared the earliest effects of the global meltdown. Because the crisis was largely precipitated by a collapse of the housing market in the United States and the resulting disintegration of financial products derived from the “securitization” of questionable mortgages, most developing nations were unaffected by the early stages of the meltdown, for the simple reason that they possessed few such assets.