Applying the odious debts doctrine while preserving legitimate lending

(June 10, 2006) Abstract: Odious debts are debts incurred by the government of a nation without either popular consent or a legitimate public purpose. While there is some debate within academic circles as to whether the successor government to a regime which incurred odious debts has the right to repudiate repayment, in the real world this is currently not an option granted legitimacy either by global capital markets or the legal systems of creditor states.

Triple threat to the Yangtze

(June 6, 2006) Ma Jun is a Beijing-based environmental advocate and author of the acclaimed China’s Water Crisis (EastBridge, 2004). Time magazine recently named him one of the ‘100 people who shape our world.’ The following article appeared in the New Beijing News (Xin jingbao) June 1.