Archive for August 12th, 2012

12/08/2012

India, Pakistan Engaged in World’s Most Active Nuclear Arms Race

Human Wrongs Watch

By J C Suresh, IDN-InDepth News*, Toronto — The two long-time South Asian rivals, India and Pakistan, are engaged in the world’s most active nuclear arms race. India is estimated to have produced as many as 100 atomic weapons, and Pakistan is believed to have stockpiled a similar number if not more.

**Image: Indian and Pakistani national flags | Credit: paktribune.com

But, according to nuclear analysts, Hans M. Kristensen and Robert S. Norris, Islamabad is understood to be increasing its stockpile of warhead-grade nuclear material at a faster rate than any other country; it could in fact reach as many as 200 weapons over the next decade.

Added to this is the fact that years of talks between Pakistan and India on incremental military and nuclear confidence-building measures (CBM) have failed to prevent a regional weapons race and occasional flare-ups in bilateral relations.

India and Pakistan have agreed to alert each other subsequent to any atomic mishap. The countries have also promised not to attack each other’s nuclear installations and once a year exchange secret lists of such sites. But those limited assurances have not stopped the two sides from continuing the arms race.

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12/08/2012

It Is Not a World Crisis But a Western Crisis

Human Wrongs Watch

‘Knowing that India and China can meet alone the world’s demand for industrial goods at higher quality/price ratios, and that the South is able to fulfill a world demand for resources and agricultural products, one Western approach was to switch from real to finance economy. Building on the old City of London-Wall Street traditions in private banking and using debt bondage as power, cheap credit and speculation has been another approach, but it backfired.’

**Nordic countries (Denmark, Finland, Iceland, Norway and Sweden and their associated territories, the Faroe Islands, Greenland and Åland). Credit: S. Solberg J.

By Johan Galtung – TRANSCEND* – Let us start with the crisis. It is not a world but a Western crisis.

The root is simple: the Rest is catching up, and partly overtaking the West; China is catching up, and partly overtaking the USA–recovering from the blow received around 1500 from the Portuguese and the English destroying 1,000 years of buddhist-muslim trade from East China to Somalia via the rest of Asia; ending in Macao-Hong Kong (there are no Chinese enclaves in Portugal-England).

The West is outcompeted. The crisis is partly economic and partly a desperate Western effort, indeed Obama’s effort, to cling to hegemony.

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12/08/2012

Slashing Wages Can Hurt Economic Growth – UN Alerts

Human Wrongs Watch

Geneva – Cutting wages tends to increase competitiveness but can also hurt economic growth as it decreases domestic consumption, the International Labour Organization (ILO) has warned.

Image: ILO

The ILO has warned that slashing wages in a bid to boost competitiveness and cut unemployment may well have the opposite effect.

The warning was issued after the European Central Bank (ECB) called in its monthly report for August, for more flexibility in the wage determination process – such as lowering minimum wages – coupled with measures to strengthen competitiveness.

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12/08/2012

Who Are the Ten ‘Most Dangerous’ Politicians in Europe?

Human Wrongs Watch

By EurActiv* In a commentary published on 8 August, the German magazine Spiegel identifies the ten most aggressive politicians, who are fanning the flames on the euro crisis.

**Alexis Tsipras. Credit: Alexis_Tsipras_Komotini.jpg: Joanna

From Silvio Berlusconi to Marine Le Pen, some EU politicians “resort to cheap populism in order to rack up domestic political point” and are “grossly oversimplifying the situation, and … intensifying the euro crisis.”

Alexis Tsipras, the leader of Greece’s Syriza party has been highlighted as the ‘most dangerous man in Europe’, for his efforts to pressure governments into abandoning austerity measures.

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