April 30, 2017

How America’s CEOs Are Getting Rich

(Image by Daily Motivation, Creative Commons License)

It’s proxy season again, and we will soon be deluged with news profiles of CEOs living in high style as our ongoing debate on CEO pay ramps up. Last week, the floodgates opened when the New York Times released its annual survey of the 100 top-earning CEOs. Lawrence Ellison from Oracle Corporation led the list again with over $78 million in mostly stock options ... Read More »

Can the World Really End Poverty by 2030?

(Photo by Nina J. G., Creative Commons License)

The slogan “make poverty history” has been used by development pundits and pop star philanthropists for years. Now, in a bid to turn words into deeds, it is being discussed as a universal global target to be met within a generation.   The Millennium Development Goals (MDGs), eight poverty-reduction targets that were signed during a world summit in 2000, will ... Read More »

World Bank Accused of Facilitating Africa Land Grab

A farm in Axum, Ethiopia. (Photo by A.Davey, Creative Commons License)

A new research report accuses the World Bank of favoring the interests of financial markets over food security and following such policies that facilitate land grab in Africa. “While nearly 80 percent of food consumed in sub-Saharan Africa and Asia is produced by smallholder farmers, the Bank negates the importance of small-scale farming for sustainable rural development and food security,” ... Read More »

Lifting Asia Out of Poverty

View from craft brewery Level 33, of Marina Bay Sands, Gardens by the Bay (right), Singapore Flyer (left) and the under construction Singapore Indoor Stadium (far left). (Photo by Peter Morgan, Creative Commons License)

Developing-Asia’s impressive growth continues but faces a new challenge — inequality is on the rise. Over the last few decades, the region has lifted people out of poverty at an unprecedented rate. But more recent experience contrasts with the ‘growth with equity’ story that characterized the newly industrialized economies’ transformation in the 1960s and 1970s.   Treating developing Asia as ... Read More »

Mining in Africa No Longer a Curse?

Copper mining in Kitwe, Zambia. (Photo by Panos/ Sven Torfinn, Creative Commons License)

The Hollywood blockbuster movie, Blood Diamond, tells a gripping story of how diamonds fueled Sierra Leone’s 11-year civil war, which erupted in 1991. It depicts kidnappings, use of child soldiers, amputations, rape, killings and destruction of bridges and hospitals, among other atrocities.   The movie, starring American actors Leonardo DiCaprio, Jennifer Connelly and Djimon Hounsou, brought world attention to the campaign ... Read More »

World’s Top Ten Billionaire Skyscraper Homes

One57 NYC

  When it comes to the most luxurious apartments in top city centers, the only way is up.   At least that is the opinion of a number of property developers who are wooing the ultra wealthy with lavishly-appointed skyscrapers in the most prestigious of neighborhoods, where large-scale lateral square footage is nearly impossible to find.   As well as ... Read More »

Ukraine Crisis Reigniting Europe’s Energy Security Dilemma

Europe's largest gas liquefaction plant was built in northern Norway. (Photo by Bilfinger SE, Creative Commons License)

International relations is witnessing the revival of oil and gas geopolitics as a decisive issue on the global political agenda. Rising demand, swelling energy costs and the ever-growing scarcity of resources has ushered in a new wave of competition for raw materials and energy reserves.   Consequently, the European Union (EU) is attempting to systematically incorporate energy security into its ... Read More »

The Risk of a Jobless Recovery in Southern Europe

Protest again foreclosures in Granada. (Photo by Patrick Colgan, Creative Commons License)

Financial crises are followed by significant increases in unemployment rates and the Great Recession will be no exception. Employment will not increase in earnest until overall demand in the market recovers its pre-boom strength, which will take time since the reduction of debts (also known as the deleveraging process) has barely started.   However, the financial crisis is not the ... Read More »

Diverting Blue Nile’s Course Could Take Africa to War

Blue Nile river is one of the two tributaries of the Nile river. (Photo by wo de shijie, Creative Commons License)

Water wars, many warn, could be around the corner. After the removal of former President Mohamed Morsi, Egypt has inherited a huge problem: Addis Ababa decided to divert the course of the Blue Nile late May, as part of its project to generate electricity through the construction of the Renaissance Dam. Ethiopia took the decision — which will have a ... Read More »

Is Africa’s Land up for Grabs?

An aerial view of fields in Laikipia County, Kenya. Photo: (Photo by Panos/Frederic Courbet, via Africa Renewal)

An apparent surge in the purchase of African land by foreign companies and governments to grow food and other crops for export has set alarm bells ringing on and off the continent. The headlines have been strident: “The Second Scramble for Africa Starts,” “Quest for Food Security Breeds Neo-Colonists,” “Food Security or Economic Slavery?”   The outcries reflect the continuing ... Read More »