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/ 3 December 2007

Bali talks seek new climate pact

About 190 nations met in Bali on Monday seeking a breakthrough to a new global pact to fight climate change by 2009 to avert droughts, heatwaves and rising seas that will hit the poor hardest. A new treaty is meant to widen the Kyoto Protocol, which binds 36 industrial countries to cut greenhouse-gas emissions by 5% below 1990 levels by 2008 to 2012.

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/ 3 December 2007

Development needs new agenda

A significant amount of resources has been channelled into Africa since the Millennium Development Goals were adopted in 2001. Between 2000 and 2005 an estimated $97-billion has reached the continent through official development assistance. African governments themselves have set aside various percentages of their budgets for expenditure in priority sectors to effect positive change in the lives of the poor.

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/ 3 December 2007

Recession fears as US house prices drop

United States house prices have suffered their worst plunge for two decades as defaults on sub-prime mortgages have shattered homebuyers’ confidence and lenders have withdrawn cheap loan deals. According to the key Standard & Poor’s housing index, released on Tuesday, third-quarter US prices were down 4,5% on 2006.

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/ 3 December 2007

‘Jail time is the best disincentive’

The head of the Competition Commission says he believes that anti-competitive practices are rife in South African business and need to be dealt with. The Competition Commission has hit the headlines in the past few weeks with its investigation into the fixing of bread prices. Commissioner Shan Ramburuth says for the first time there is a public perception that price fixing is not a victimless crime.

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/ 3 December 2007

Savings for energy customers

Eskom’s residential customers might soon be charged according to the time of day, if a new electricity tariff is implemented. The new tariff will make electricity more expensive from 7am to 10am and from 6pm to 8pm and cheaper outside these periods. Time-of-use tariffs encourage customers to switch consumption to off-peak periods and reduce demand at peak times, reducing the likelihood of a power outage.

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/ 3 December 2007

Diary of a Dutch rebel

"I’m tired, tired of Farc, tired of the people, tired of communal life. Tired of never having anything for myself. It would be worth it if we knew why we were fighting. But the truth is I don’t believe in this any more." So wrote Tanja Nijmeijer, a 29-year-old, middle-class Dutch woman who is among a handful of Europeans who joined the Revolutionary Armed Forces of Colombia.

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/ 3 December 2007

Somalia: a cruelty the world ignores

As tens of thousands more frightened and exhausted people fled the terrors of Mogadishu last week, a Somali community leader condemned the international community "for watching the cruelty in Somalia like a film and not bothering to help". He was mistaken. The international community has barely been watching the cruelty in Somalia at all.