Interview with Dambisa Moyo

(July 20, 2009) Dambisa Moyo, economist and author of Dead Aid, discussing problems of foreign aid to the developing world. Moyo believes that pouring more aid into the coffers of African governments will do nothing to promote healthy economic growth. Instead, she calls for an opening of global trade, lower tariffs and a functioning tax system.

Obama’s plan to override Congressional conditions for US funding of World Bank is overwhelmingly rejected by lawmakers

(July 17, 2009) President Obama recently received a harsh lesson from Congress after he decided to openly ignore some of the environmental, labour and transparency regulations attached to funds allocated for the  World Bank and IMF. Worse still for the President, the indictment came from both sides of the aisle—with 429-2 voting to negate the recent signing statement.

Beijing Water Crisis: 1949 – 2008 Olympics

(June 26, 2006) Beijing’s policy of draining surrounding regions to ease water shortages in the ancient capital is akin to "quenching thirst by drinking poison," according to a new report by Probe International’s Beijing-based researchers. To keep water flowing to Beijing’s "green" Olympics this August, the water-strapped city is pumping water from four newly-built reservoirs in nearby Hebei province, depriving poor farmers of water for their crops.

Beijing’s water crisis and economic collapse

(July 15, 2009) Beijing consumes more water than is deposited there by rainfall and snow and has been forced into major water mining projects. In the past, around 50 years ago, the city had numerous aquifers that could be tapped by relatively shallow wells of 2 to 3 meters. Now wells of 50 metres are required to access that water. Indeed of Beijing’s consumption of almost 4 billion cubic metres of water per annum, most still comes from the disappearing aquifers. The fear is that this source of water is rapidly drying up and that has the potential to plunge the capital into major water resource crisis.

Beijing’s Water Binge

(June 27, 2008) Apparently Beijing is consuming water at the rate Marie Antoinette consumed petit fours and there is always a price to pay for such gluttony. Many news organizations (see, e.g., here and here) reported today on a new study, published by Probe International and written by a Chinese environmentalist, entitled “Beijing’s Water Crisis: 1949-2008 Olympics” which reads like a Temperance Union pamphlet.