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The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.? We are also making archives of the blog available for free download in various formats (see below).?

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Church of England Spending ?Excessively? on Diversity, LGBT and Net Zero Officers, Report Warns Thu Dec 05, 2024 15:24 | Will Jones
The?Church of England?is overspending on HR and "politicised roles" such as diversity,?social justice,?LGBT?and Net Zero officers at the expense of parishes, a report has warned.
The post Church of England Spending “Excessively” on Diversity, LGBT and Net Zero Officers, Report Warns appeared first on The Daily Sceptic.

offsite link Muhammad Most Popular Baby Name for Boys for the First Time Thu Dec 05, 2024 13:12 | Will Jones
Muhammad has become the most popular baby name for UK boys for the first time, new data from the ONS have revealed ? not so surprising given a third of births are to non-UK-born mothers.
The post Muhammad Most Popular Baby Name for Boys for the First Time appeared first on The Daily Sceptic.

offsite link Why Elon Musk Shouldn?t be Expelled From the Royal Society Thu Dec 05, 2024 11:00 | Toby Young
An Oxford prof has resigned from the Royal Society after it refused to expel 'climate change denier' Elon Musk. Since when has challenging the scientific consensus been a reason to kick someone out of the Royal Society?
The post Why Elon Musk Shouldn?t be Expelled From the Royal Society appeared first on The Daily Sceptic.

offsite link Vice-Chancellor Who Wanted Climate Change Lessons Embedded in All Courses Claimed ?16,000 Expenses f... Thu Dec 05, 2024 09:00 | Will Jones
A university Vice-Chancellor who called for climate change to become part of the curriculum on every course claimed more than ?16,000 in expenses on flights, figures have revealed.
The post Vice-Chancellor Who Wanted Climate Change Lessons Embedded in All Courses Claimed ?16,000 Expenses for Flights appeared first on The Daily Sceptic.

offsite link Is the EU About to Cut Off Funding to the Green Blob? Thu Dec 05, 2024 07:00 | Ben Pile
Is the EU about to cut off funding to the Green Blob? That's the prospect raised by an article in Politico, says Ben Pile, which reports that EU money is to be banned from being spent on "advocacy and lobbying work".
The post Is the EU About to Cut Off Funding to the Green Blob? appeared first on The Daily Sceptic.

Lockdown Skeptics >>

IMF: Indebted Countries Suffer if US Interest Rates Rise

category international | economics and finance | press release author Tuesday April 06, 2021 17:49author by Zachary Conti - Jubilee USA Report this post to the editors

The IMF warns that rising US interest rates could impact the ability of developing countries to pay debt, leading to prolonged economic crisis. The warning comes ahead of IMF, G20 and World Bank meetings, with the Fund's release of the Global Financial Stability Report.

The IMF warns that rising US interest rates could impact the ability of developing countries to pay debt, leading to prolonged economic crisis. The warning comes ahead of IMF, G20 and World Bank meetings, with the Fund's release of the Global Financial Stability Report.

“Except for Zambia, all countries that defaulted over the last year were middle-income countries,” said Eric LeCompte, the Executive Director of the religious development organization Jubilee USA Network. “Unfortunately, developing middle-income countries are not included in IMF and G20 debt relief solutions."

The report warns that recovery from the pandemic will be unequal between rich and poor countries and that more needs to be done to strengthen long-term stability around the globe. This morning the IMF released the World Economic Outlook Report estimating that 95 million more people fell into extreme poverty over the last year, living on less than $1.90 a day.

"Wealthy countries invested in big stimulus packages and can rebound more quickly," said LeCompte. "Billions of people in developing countries are left behind and their lives will be even worse after the pandemic."

Read the IMF's Global Financial Stability report here: https://www.imf.org/en/Publications/GFSR/Issues/2021/04/06/global-financial-stability-report-april-2021#FullReport

Read Jubilee USA's release on the IMF's World Economic Outlook report here: https://www.jubileeusa.org/pr_imf_weo_spring_2021

Read about the IMF extending a process to cancel debt payments for the world's 28 poorest countries here: https://www.jubileeusa.org/pr_imf_ccrt_fall_2021

Read about the IMF announcing support for $650 billion in emergency reserves here: https://www.jubileeusa.org/pr_imf_650_bn_sdr

Related Link: https://www.jubileeusa.org/pr_imf_gfsr_apr_2021
author by Zachary Conti - Jubilee USApublication date Wed Apr 07, 2021 16:01author address author phone Report this post to the editors

Ahead of Spring IMF and World Bank Meetings, World's Largest Unions, Human Rights Groups, Environmental and Religious Institutions Call for Aid, Debt Relief, Access to Emergency Reserves and Climate Protections
As G20, IMF and World Bank Spring Meetings convene virtually on global COVID response, 260 groups call for developing country aid and policies to prevent future crises and protect the environment.
Organized by Jubilee USA Network, 260 religious groups, anti-poverty organizations, labor unions, environmental and human rights institutions signed a letter on coronavirus crisis response to the White House, G20 and IMF.

“World leaders worked hard over the last year to tackle the health and economic crises spurred by the COVID pandemic," said Eric LeCompte, a UN finance expert who heads the religious development group Jubilee USA Network. Jubilee USA spearheaded the letter effort. “We must do more. Unless we take immediate action to solidify more aid and relief, we face lost decades of development and millions more will suffer.”

The G20 agreed to suspend debt payments for 73 developing countries through next June and created a process for the same countries to reduce debt. The IMF announced it would cancel debt payments for 28 of the world's poorest countries into October.

In recent weeks, the G7 supported an allocation of emergency reserve funds or Special Drawing Rights (SDRs). Treasury notified Congress of support for the aid and the G20 is expected to announce support for SDRs this week.

“If the IMF and G20 move forward emergency reserves, it means right away developing countries can access more than $200 billion to fight the health and economic impacts of the coronavirus," stated LeCompte. "We will likely see another additional process where hundreds of billions of more dollars in Special Drawing Rights could be transferred from wealthy countries to developing countries for further support."

Major religious institutions lead the Jubilee USA letter to the IMF, White House and G20. The signers include: The Union for Reform Judaism, All Africa Conference of Churches, National Council of Churches and the Episcopal, Evangelical Lutheran, Presbyterian, Methodist and United Church of Christ Churches. The Unitarian Universalist Association and the largest representations of Quaker communities and Buddhist consortiums are on the letter. The US Conference of Catholic Bishops sent a separate, companion joint letter with Jubilee USA Network and Pope Francis called again for a debt relief process in his Encyclical Fratelli Tutti.

Counting their membership in the millions, labor bodies including the International Trade Union Confederation, United Steelworkers (USW), American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) and American Federation of State, County and Municipal Employees (AFSCME) joined faith groups on letter. Other signers include human rights organizations like Amnesty International and Pax Christi and also environmental advocates ranging from Amazon Watch to Friends of the Earth. Development groups were represented and included Islamic Relief, American Jewish World Service, American Friends Service Committee, Bread for the World, Action Aid, Oxfam, RESULTS and Health Gap.

On March 16th, Jubilee USA organized a roundtable with Treasury Secretary Janet Yellen and the highest-ranking leaders to specifically go over the calls in the Jubilee letter. A separate letter with 240 groups supporting SDRs was sent to the G20. The additional G20 SDR letter was coordinated by Jubilee USA and LATINDADD.

Read Jubilee USA's COVID-19 White House, IMF, G20 Letter here.

Read the joint US Conference of Catholic Bishops/Jubilee USA Network Letter to President Biden here.

Read about Jubilee USA's High-Level Roundtable with Secretary Yellen here.

Read Jubilee USA's release on the IMF's Global Financial Stability report here.

Read Jubilee USA's release on the IMF's World Economic Outlook report here.

Read about the IMF extending a process to cancel debt payments for the world's 28 poorest countries here.

Read about the IMF announcing support for $650 billion in emergency reserves here.

Read the letter from 240 groups to the IMF and G20 here.

Related Link: https://www.jubileeusa.org/pr_covid_jubilee_wh_imf_g20_letter_april_2021
 
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