Global Geopolitics Net Sites / IPS
Friday, October 31, 2008
All rights reserved, IPS – Inter Press Service, 2008.
Nergui Manalsuren
UNITED NATIONS, Oct 31 (IPS) – On a recent visit to the hurricane-ravaged island of Haiti, World Bank President Robert Zoellick declared that 500 million dollars of Haiti’s 1.7-billion-dollar foreign debt had been cancelled, and the rest would be soon be written off as well.
However, Haitian and international civil society groups say that his comments were misleading. None of the debt has actually been forgiven yet, and the International Monetary Fund (IMF) and bank just this month delayed Haiti’s entrance into the Heavily Indebted Poor Countries initiative (HIPC) — a condition for debt relief — by six months.
Dan Beeton, an analyst at the Washington-based Centre for Economic and Policy Research (CEPR), said that he hopes that Haiti’s debt cancellation will be expedited, and that the World Bank and IMF, along with creditors France and the U.S., will cancel the debt without requiring Haiti to ”jump through more hoops”.
”However,” he said, ”the institution that has really power to make this happen is the U.S. Treasury Department.”
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POLITICS-US: Plumbing the Depths of Spin
Global Geopolitics Net Sites / IPS
Monday, October 27, 2008
All rights reserved, IPS – Inter Press Service, 2008.
Analysis by Peter Costantini
LOS ANGELES, Oct 27 (IPS) – In the waning days of an interminable United States presidential campaign, a plumber and would-be small businessman bestrides the narrow race like a colossus with a tool belt.
Samuel Joseph Wurzelbacher was wrenched into the limelight on Oct. 15 during the third presidential debate by Senator John McCain, who dubbed him ”Joe the Plumber”. McCain repeatedly touted him as an exemplar of the hard-working, plain-spoken Middle American who would be helped by his tax plan — but hurt by Democratic candidate Barack Obama’s.
Morphing overnight from ordinary Joe into American idol, Wurzelbacher has galvanised the Republican presidential campaign of McCain and Governor Sarah Palin. The idea of the working-class hero as Republican vice-presidential candidate in 2012 would strain credibility only slightly more than Palin did this year.
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