Category: Foreign Aid

Bono embraces capitalism

A rock star who preaches capitalism. “Wow; sometimes I hear myself and I just can’t believe it,” Bono told students at Georgetown University.

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Indigenous leader killed in resistance fight over Honduras mega-dam

(July 17, 2013) Tomás Garcia, a leader of the indigenous Lenca community in Honduras, was fatally shot on Monday, and his son Alan seriously injured, when members of the Honduran Army began firing indiscriminately at a demonstration protesting the construction of the 22-megawatt Agua Zarca Dam already underway on the Gualcaeque River in the country’s southwest. International Rivers reports.

NY regulators approve Fortis takeover of CH Energy, with advice to “understand our rules and regulations”

(June 13, 2013) The New York state Public Service Commission unanimously approved the $1.5 billion bid by Canadian-based Fortis Inc. to take over Central Hudson Gas & Electric Corp.’s parent company, CH Energy Group despite “fierce public hostility.” Commission Chairman Garry Brown warned Fortis to avoid looking at the local utility as a profit-generating holding. “Get to know New York,” he advised Fortis. “The way you may do things, business, elsewhere is not New York,” in a probable reference to Fortis’s controversial record of dam-building in Belize.

The dying days of the Pygmy people

(October 1, 2012) This article on the crisis facing Pygmy tribes in the Congolese rainforest by anthropologist Geoffrey Clarfield underscores the crucial relationship between property rights and human rights. For the last decade, competing militias have terrorized the Pygmies of the Democratic Republic of the Congo, while in the Central African Republic (CAR) they face losing much of their traditional hunting areas to logging. The government, the World Bank, the EU, the Chinese and most of the large development organizations believe that the CAR can only “develop” its economy by cutting down its rainforest and selling the timber. Without recognized property rights, Pygmies are being forced from their forest homes, dispossessed of the lands they have stewarded and lived in for 40,000 years.