Human rights and environmental groups are condemning state police in India for preventing about 500 people from attending a public hearing on a controversial dam planned for the Narmada river.
Did a few individual traders in London conspire to rig global interest rates in order to enrich themselves or were they just pawns in an ongoing conspiracy by major banks designed to routinely skim billions from the international financial system?
After Seattle, the movement set its sights on mobilizing for the annual Spring meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C. this past April 16. Known as A16, these actions were also hugely successful.
Citizens excluded from $25 million suit against Bolivia for company's failed water privatization scheme Washington, DC- The Bechtel Corporation was handed a powerful victory last week, when a secretive trade court announced that it would not allow the public or media to participate in or even witness proceedings in which Bechtel is suing the people of Bolivia for $25 million.
Washington, DC (September 25, 2002) -- Ahead of this weekend's Annual Meetings of the World Bank and International Monetary Fund (IMF), Africa Action denounced the failure of these institutions to respond to Africa's growing debt crisis, and issued the recommendations below for immediate action from creditors.
Kenneth W. Dam, a law professor and former top State Department official, will be nominated to become deputy secretary of the Treasury, the White House announced yesterday.
Two years ago, rioters protesting increased water rates forced a Bechtel, U.S. company, in Bolivia to pack its bags and leave. Now, in a harbinger of the loss of local control through globalization, the corporation is striking back in secret proceedings.
President Fernando de la Rua's most pressing problem is a cash crunch, in large part a result of interest payments coming due on $144 billion in foreign debt. Investors are concerned that the $280 billion economy cannot grow enough to stay solvent.
Rich countries must deliver more money directly to poor nations to avert a growing health and sanitation crisis spreading across the southern hemisphere, Oxfam will say today.