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Moyo’s “Dead Aid” is dead on

Through our Odious Debts Online news service, Probe International has long critiqued and reported on the failures of the international multi-billion-dollar aid industry to help the world’s poorest countries develop, instead creating a cycle of dependency and stagnation. Economist Dambisa Moyo in Dead Aid comes to the same conclusion

Three Gorges dam faces 14.5-billion-dollar cost overrun

(April 16, 2009) China’s Three Gorges Dam, due to be completed in November, is getting bigger every day on all fronts. While officially the government said it has spent 180 billion yuan (26.35 billion dollars) on building the 185-metre dam and a reservoir stretching more than 600 kilometres, local critics and foreign observers said the real figure could be more than twice that amount, and that’s just in the construction phase.