United States and Ten Other Countries Vote Against Super Majority
Washington, DC – The UN General Assembly passed a historic resolution to begin treaty negotiations to enact a global bankruptcy process and stop predatory hedge funds. The resolution passed by a super-majority vote of 124-11 with 41 abstentions. The US voted no along with 10 other countries. The bankruptcy process could make it more difficult for hold-out investors to block countries from debt restructuring and could limit future defaults.
“The strong majority vote shows how powerful the global consensus is to stop predatory financial behavior,” noted Eric LeCompte, Executive Director of the religious debt relief organization, Jubilee USA. “If we are going to solve what global leaders believe is the root cause of inequality, we need a bankruptcy system in place.” LeCompte serves on UN expert groups working to create an international bankruptcy process. Continue reading UN Votes for Process to Enact Bankruptcy Treaty and Stop Vulture Funds→
by Joe Romm
Decadal index of two-day precipitation totals that are exceeded on average only once in a 5-year period. Changes are compared to the period 1901-1960. As data show, such once-in-five-year events have become much more common (via NCA.)
WASHINGTON (CNS) — The conflict in which Islamic State fighters are driving out Christians and other minorities must not be seen as a war between Islam and Christianity, said the head of the Vatican Congregation for Eastern Churches. “I do not share this position and I ask, on the contrary, that it never prevail,” Cardinal Leonardo Sandri told participants in the inaugural In Defense of Christians summit Sept. 9. Continue reading Follow the money: Cardinal says ISIS conflict is not about religion→
Equality Among people of traditional culture in southeastern Nigeria where I am from, and in other traditional African cultures, gender is not a fundamental organizing principle. Nor is human anatomy a major defining factor in gender relations.
People here believe that being a man or a woman is generally irrelevant to individuals’ social roles and relationships. Rather, they perceive the individuals’ social power, as well as social role, as dependent mostly on age and seniority, position at birth, and their contributions to family and community development. The community recognizes anatomic female and male categories, but they are not a defining factor for social roles. Continue reading Equality or complementarity: Gender relations seen through African eyes→