Financial Crisis – What Happened

The CornerHouse

For the past couple of years, The Corner House and its colleagues have been trying to understand the impacts of the new finance on the ground — for instance, on communities affected by mining or plantations — and to analyse what difference it might make to solidarity strategies with affected communities: Is capital just capital, whether it comes from hedge funds, private equity, banks or the state? Or does the very structure of this new finance create new challenges?
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Kenya: Church speaks on national economic crisis

Independent Catholic News

The Catholic Justice and Peace Commission of the Kenya Episcopal Conference issued t a wide-ranging statement yesterday after their Annual General Meeting. Extracts follow:

Internally Displaced Persons

It is with great pain to think that our own brothers and sisters are still refugees in their own country. The camps like those at Afraha Stadium in Nakuru, Eldoret showground in Eldoret, Kirathimo in Limuru and Naivasha among others are still staggering with people who are helplessly in need of assistance. Some tents are torn especially after the rain, food and health services are nowhere. A few who had been promised to return to their farms through “Operation Rudi Nyumbani have been abandoned on the way, establishing fresh camps of returnees who joined those who returned to their ancestral villages hosted by relatives and good Samaritans.
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Questionnaire on Extractive Industries

Dear friends,

As a member of the Religious Working Group on Water (RWG), I chair the sub-committee on Water and Extractive Industries, the members of which all happen to be from Catholic organizations.  For the past year, this committee has considered doing a mapping exercise to determine where our members throughout the world may be aware of the problems mining industries create for both local communities and the environment.  The committee has developed a **Survey Monkey Questionnaire** which we are encouraging our constituents to send to their members who are missionaries in Latin America, Africa and Asia, and even to members who may be serving in mining states in the U.S. where mining practices are impacting Native Americans and others. The purpose is to gather information about mining practices, both destructive and beneficial; types of mining; how communities are affected; and what is being done to address problems.  Once this information is gathered and collated, the committee will determine the next steps.
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Preventing the other meltdown

Boston Globe – sent by Sr. Helen Wright
By James Carroll
October 13, 2008

THE WORD “meltdown” came naturally to the lips last week, referring to the collapse of financial markets. But what about a real meltdown? The word came into popular usage to describe the melting of fuel rods in a nuclear reactor, a result of out-of-control overheating, leading to a dangerous release of radiation. But before that, meltdown defined not the accident of a power plant but the purpose of a nuclear bomb – the liquefaction through intense heat of metal, glass, and everything else caught in an atomic blast. Meltdown is the point.
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Why Congo Week?

The Congo is the greatest humanitarian crisis in the world today where nearly 6 million people have died since 1996, half of them children 5 yrs old or younger and hundreds of thousands of women have been raped all as a result of the scramble for Congo’s wealth. The United Nations said it is the deadliest conflict in the world since World War Two. However, hardly anything is said about it in the media. Can you imagine 45,000 people dying each month and hardly a peep from anyone in the age of the Internet? This is literally what has happened and continue to happen in the Congo. There is a media white-out about Congo and no worlwide resolution to end the conflict and carnage there.

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