DAVOS, Switzerland, Jan 22 2014 (IPS) – With no acute crisis on the radar, this year’s Annual Meeting of the World Economic Forum (WEF) will move away from the response mode of the past years and “look for solutions for the really fundamental issues,” its founder Klaus Schwab said at the pre-meeting press conference.
“We cannot afford to allow the next era of globalization to create as many risks and inequities as it does opportunities,” Schwab wrote in a blog post a few days earlier. “Today we face a situation where the number of potential flashpoints are many and are likely to grow.” Continue reading Elites Will ‘Consider Inequality’→
NAIROBI, Jan 24 2014 (IPS) – Kenyan government security forces are forcefully evicting thousands of people, including the indigenous Sengwer tribe, from the Embobut forest in western Kenya by burning homes and possessions in an effort to promote forest conservation, safeguard urban water access and “remove squatters”.
Nearly every year, members of Congress attempt to end the refundable Child Tax Credit (CTC) for workers who pay their taxes using an Individual Tax Identification Number (ITIN) instead of a Social Security number (SSN). This cut would affect workers who are ineligible for an SSN and therefore pay taxes to the federal government using the only means legally permitted—the ITIN. The CTC, as well as the refundable portion (the Additional Child Tax Credit, or ACTC) were enacted to help struggling families financially care for their children. The CTC has proven successful in preventing millions of children from sinking further into poverty. Continue reading Why Cutting the Child Tax Credit Is Bad Policy→
WASHINGTON, Jan 3 2014 ([IPS) – Shareholders are calling on 15 U.S.-based multinational corporations to ensure that their global supply chains are not facilitating human rights abuses, particularly labor and sex trafficking.
In a new campaign running throughout January, the Interfaith Centre on Corporate Responsibility (ICCR), which represents 300 shareholder organizations managing around 100 billion dollars in assets, is focusing on two sectors in particular, hospitality and food agriculture. These industries – which include hotels, airlines, restaurant chains, large retailers and agribusiness companies – are seen as particularly at risk for rights violations. Continue reading Hospitality, Agriculture Firms Vulnerable to Human Trafficking→
Pope Francis has sent a message to participants at the World Economic Forum which opened in the Swiss resort city of Davos last night. Catholic Church leaders are among those taking part in the four day meeting, which is focused on the theme ‘The Reshaping of the World: Consequences for Society, Politics and Business’.
In the message, Pope Francis said it is important to praise the steps being taken improve people’s welfare in areas of health care, education and communications and to recognize the fundamental role that modern business activity plays in bringing about these changes. Nonetheless, he says, the successes which have been achieved have often led to widespread social exclusion and too many men and women still experience the dramatic consequences of daily insecurity. Continue reading Pope Francis sends message to World Economic Forum in Davos→