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Tuesday, December 6, 2005 |
Guardian: "Five trillion dollars has been corruptly removed from the world's poorest countries and lodged permanently in the world's richest countries. That is the 'conservative estimate' not of a leftwing anti-globalisation activist but of a leading American businessman and enthusiast for capitalism who has just completed a major study of how multinational corporations, wealthy individuals and unscrupulous governments are using the world's banking systems in ways that spread poverty.
Raymond Baker is a committed capitalist whose new book, Capitalism's Achilles Heel, has already made waves in the US. In Britain he has been working with the Tax Justice Network, a London-based organisation that seeks to expose the abuse of tax havens and loopholes.
Baker describes capitalism as 'the greatest economic arrangement ever devised', but he believes that western governments and banks are failing catastrophically in their duty to police the system. 'Falsified pricing, haven and secrecy structures and the illicit movement of trillions of dollars out of developing and transitional economies break the social contract ... that Adam Smith incorporated into the core of the free-market system,' he writes."
12:34:47 PM 
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AdnKronos: "Two US Chinook CH-47 helicopters were also forced to make emergency landings in the south of the country on Sunday injuring five American troops and an Afghan soldier, while in a separate attack, three US soldiers were injured when a roadside bomb exploded, also in southern Afghanistan, according to US military sources.
Including Sunday's attack, a total of seven US helicopters have been shot down by hostile fire this year."
12:29:18 PM
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Free Christmas stories and poems in German from Vorleser. Burn your own Christmas cd.
12:18:07 PM
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