BANK FOR INTERNATIONAL SETTLEMENTS “BIS REVIEW NO. 69”: ISLAMIC FINANCE AFRICA

May 21, 2010 at 1:43 pm | Posted in Economics, Eurozone, Financial, Globalization, History, Islam, Research | Leave a comment

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BIS Review

Bank for International Settlements

BIS Review No 69 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Thu 5/20/10

Please find BIS Review No 69 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 69 (20 May 2010)

Axel A Weber: The G20 agenda on financial regulation

Jean-Claude Trichet: New ECB premises – ceremony of the laying of the foundation stone

Svein Gjedrem: The conduct of monetary policy

Njuguna Ndung’u: Islamic finance – the African experience

Zamani Abdul Ghani: Developments in electronic money management

Malcolm Edey: Competition in the deposit market

e-mail press@bis.org

BIS Review

Bank for International Settlements

BIS Review No 69 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Thu 5/20/10

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BANK FOR INTERNATIONAL SETTLEMENTS “BIS REVIEW NO. 70”: ISLAMIC FINANCIAL SYSTEM PLUS HOUSE PRICES

May 21, 2010 at 1:22 pm | Posted in Economics, Eurozone, Financial, Globalization, History, Islam, Research, World-system | Leave a comment

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BIS Review

Bank for International Settlements

BIS Review No 70 available

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 5/21/10

Please find BIS Review No 70 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 70 (21 May 2010)

Jean-Claude Trichet: The great financial crisis – lessons for financial stability and monetary policy

Zeti Akhtar Aziz: The transformation of the international financial system and the role of the Islamic financial system

Thomas Jordan: Current monetary policy and its significance for the real economy

Lars Nyberg: Monetary policy and house prices

Budi Mulya: Indonesia – pursuing a better shape of the economy

Daniel K Tarullo: International response to European debt problems

Jaime Caruana: The great financial crisis – lessons for the design of central banks

e-mail press@bis.org

BIS Review

Bank for International Settlements

BIS Review No 70 available

http://www.bis.org/review/index.htm

Press, Service (press@bis.org)

Publications, Service (Publications@bis.org)

Fri 5/21/10

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“WAR AND HISTORY”: VICTOR DAVIS HANSON BOOK

May 21, 2010 at 9:36 am | Posted in Books, History, Science & Technology | Leave a comment

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The Father of Us All: War and History, Ancient and Modern

Victor Davis Hanson (Author)

Editorial Reviews

From Publishers Weekly

Since 9/11, Davis, director of the Hoover Institution’s group on military history and contemporary conflict, has emerged as a major commentator on war making and politics. This anthology brings together 13 of Hanson’s essays and reviews, revised and re-edited. They have appeared over the past decade in periodicals from the American Spectator to the New York Times. Hanson’s introductory generalization that war is a human enterprise that seems inseparable from the human condition structures such subjects as an eloquent answer to the question Why Study War? a defense of the historicity of the film 300, about the Persian Wars, in a masterpiece of envelope pushing, and a comprehensive and dazzling analysis of why America fights as she does. He explains why, though a lesser historian than Thucydides, Xenophon retains a timeless attraction and analyzes war and democracy in light of America‘s decreasing willingness to intervene in places like Rwanda or Darfur. The pieces are well written, sometimes elegantly so, and closely reasoned. They address familiar material from original and stimulating perspectives. Hanson’s arguments may not convince everyone, but cannot be dismissed. His critics and admirers will be pleased to have these pieces available under one cover. (May)

Review

“I have never read another book which explains so well the truth that “war lies in the dark hearts of us all” but that history offers hope. “—William Shawcross, author of Allies and Deliver Us from Evil

“Few writers cover both current events and history–and none with the brilliance and erudition of Victor Davis Hanson. In The Father of Us All, he uses his deep knowledge of military history to shed light on present-day controversies. Required reading for anyone interested in war, past or present.”—Max Boot, Jeane J. Kirkpatrick Senior Fellow for National Security Studies at the Council on Foreign Relations and author of The Savage Wars of Peace and War Made New

“Victor Hanson brings to his writing a mixture of learning and reflection that is rare in any age, especially the ignorant one in which we live”—Dr. Larry Arnn, President of Hillsdale College

Product Details:

· Hardcover: 272 pages

· Publisher: Bloomsbury Press; 1 edition

· April 27, 2010

· Language: English

· ISBN-10: 1608191656

· ISBN-13: 978-1608191659

The Father of Us All: War and History, Ancient and Modern

Victor Davis Hanson (Author)

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KIEL INSTITUTE: “CLIMATE POLICY AS EXPECTATION MANAGEMENT”

May 21, 2010 at 6:46 am | Posted in Earth, Economics, Financial, Germany, Globalization, Research, Science & Technology | Leave a comment

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ifw-publications

New publications from the Kiel Institute

on behalf of Dr. Birgit Wolfrath

birgit.wolfrath@ifw-kiel.de

Fri 5/21/10

New Kiel Working Paper:

1624. Narita, D.(2010)

Climate Policy as Expectation Management?

You can find it at http://www.ifw-kiel.de/pub/kap

ifw-publications

New publications from the Kiel Institute

Climate Policy as Expectation Management?

http://www.ifw-kiel.de/pub/kap

on behalf of Dr. Birgit Wolfrath

birgit.wolfrath@ifw-kiel.de

Fri 5/21/10

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INDIA: CENTRE FOR SCIENCE AND ENVIRONMENT (CSE)

May 21, 2010 at 6:17 am | Posted in Development, Earth, Economics, Financial, Globalization, History, India, Research, Science & Technology, Third World, World-system | Leave a comment

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Centre for Science and Environment India (CSE)

CSE’s Fortnightly News Bulletin (May 21, 2010)

CENTRE FOR SCIENCE AND ENVIRONMENT
41, Tughlakabad Institutional Area
New Delhi. India – 110062
Tel: +91-11 29955124; 29956110; 29956394
Fax: +91-11 29955879 E-mail: cse@cseindia.org

An e-bulletin from Centre for Science and Environment, India, to our network of friends and professionals interested in environmental issues.

INSIDE:

* Editorial: No cheap change is possible (By Sunita Narain)

* Latest Reports

– Challenge of the New Balance
– Clean air before the Games: Are we living up to it?

* From Down To Earth magazine (News, features, opinion)

– Cover story: IT’s underbelly
– Backdoor democracy
– They write the wrongs
– Nurseries of ancestor worship
– Suicide rate in US army is rising every year

* Web exclusive

– Photo Gallery: What a waste
– Timeline: Coastal Management: Uneasy non-evolution

* From Gobar Times: Environment for beginners

– Meancleaning: Bleach out!
– Ecological Literacy: Co2ld drinks vs cool drinks

* Announcements

– Survey for Citizen’s Report on Urban Air Pollution and Mobility: Hyderabad

No cheap change is possible
(Editorial by Sunita Narain)

Last fortnight I asked: is India rich enough to pay for the cost of transition to a low-carbon economy? I put the question in the context of current moves in climate change negotiations which demand countries such as India—till now seen as victims of the carbon excesses of the already industrialized world—must now take full responsibility to reduce greenhouse gas emissions. The US-sponsored and India-supported Copenhagen Accord rejects the principle of historical responsibility towards climate change, radically changing the global framework of action for ever more. No longer does the industrialized world need to first reduce emissions and make space for countries such as India to grow. No longer need the rich world pay for our efforts to avoid growth in emissions.

So, can India reduce emissions at its own cost? A powerful section among Indian decision-makers believes this is easy. They say, and have stated in Parliament, India does not need money to pay for mitigation; India has the technologies; in any case, its energy-inefficient industries can be made to buck up to save emissions and money. But facts tell a different story. Reality really bites in the real-world climate change game.

My colleague Chandra Bhushan has just released a report, Challenge of the New Balance, which tackles precisely this question. It takes up six of the most energy-and emissions-intensive sectors of Indian industry, breaks down their energy-use and emissions profiles and looks at the technology pathway for the future. These high-growth sectors—power, steel, aluminium, cement, paper and fertilizers—add up to 60 per cent of India’s carbon dioxide emissions, currently. The study finds answers which should force careful re-thinking, not just in India but globally, on how emissions will be cut in real time in the real world.

Contrary to general perception, the study finds many of these sectors—the companies that comprise them— operate at global best levels so far as energy efficiency and greenhouse gas emissions are concerned. India’s cement industry, for instance, already has the lowest emissions in the world because of its use of flyash and slag. Even the much-abused coal-based power generation sector fares well in its emissions record. Indeed, industry has invested in the best technologies because in India energy costs are high. Of course, more can be done to improve performance. But India is not the place the world can look to for easy and cheap emissions reductions in the future.

In fact, based on current policies and technologies, Indian industry is well on track to meet the country’s current ‘commitment’—20-25 per cent reduction in the emissions intensity of gdp by 2020. It’s chicken feed. It is about picking off low-hanging, low-cost options.

The tough part is what begins now for the future. The fact is in all high-polluting sectors, technology options to reduce emissions stagnate after 2020. There is no real way India can reduce emissions without impacting growth as we know it, once it crosses the current emission-efficiency technology threshold. This is the real climate challenge.

The only real option in reducing emissions is to change the fuel mix of the energy, which drives the economy. But even this is theoretical. Options are limited and have a prohibitive cost. To reduce coal use, let’s say, India invests big-time in solar, biomass or off-shore wind. Yet all done and all money spent, it will still not be able to substantially reduce dependence on coal, even after one factors in, as the study does, the use of clean coal technology or the switch to gas. And remember, India has to provide affordable power to massive numbers of people. The bottom line: the going is tough.

But this only means India is no different from the rest of the world. In fact, it is at the bottom of the development trajectory—it has a long way to go to meet its growth needs, a way that can only add pollution. This is inevitable. India will need the ecological space to increase its emissions. But the problem is the world has decided it will not share growth: the rich nations will not reduce and make space for late entrants such as India to first emit and then clean up.

The hard truth is options for serious emissions reduction are limited in the industrial model we belong to or want to inherit. The world has to look for new ways to cut emissions and pay big-time for these. There are win-win options but only if we consider that, in all current options, the planet is losing.

This new growth model will need changes in behaviour and lifestyle. It will need new drivers to stimulate quick and aggressive technology innovation. Changes to take the world much beyond the known and the ordinary. This change will not come cheap.

This is the most inconvenient of all truths. And this is precisely why the already-rich world wants to spin a deal, built not on their commitment to reduce emissions but on the bribe that countries such as India can also continue to emit. This is not good for climate change. It is devastating for us. The study shows why.

Read this online: http://www.downtoearth.org.in/cover_nl.asp?mode=1
Post your comments at: http://cseindia.org/node/1498

Latest Reports

Challenge of the New Balance
CSE’s landmark study on how India will reduce emissions to combat climate change.

Can India meet the emissions target set by government for 2020?
What are the implications for a climate constrained future?

Read more:
Download Study: http://cseindia.org/node/1443
Presentation: http://cseindia.org/userfiles/challange_new_balance(1).pdf
Blog by author: http://cseindia.org/node/1452
Article: http://indiaenvironmentportal.org.in/content/emitting-trouble

Clean air before the Games: Are we living up to it?
The results of CSE’s latest assessment of pre-Commonwealth air quality and air pollution control measures

Read more:
Press Release: http://cseindia.org/node/1457
Presentation: http://cseindia.org/userfiles/6%20ommonwealth%20games.pdf
Press Release: http://cseindia.org/node/1481

Down To Earth Magazine
(http://www.downtoearth.org.in/)

Cover Story: IT’s underbelly
There is money in junked computers. Government patronage will decide who makes it.
Read this online: http://www.downtoearth.org.in/cover_nl.asp?mode=2

Related content in India Environment Portal
(http://www.indiaenvironmentportal.org.in)

Report: Inventorization of e-waste in Hyderabad and Bangalore
www.indiaenvironmentportal.org.in/node/304848

Report: An assessment of e-waste take back in India
www.indiaenvironmentportal.org.in/node/255505

Feature: Forecasting global generation of obsolete personal computers
www.indiaenvironmentportal.org.in/node/301133

Web Exclusive

Photo Gallery: What a waste
http://downtoearth.org.in/dte_slideshow/e_waste_20100531/e_waste_20100531.htm

Timeline: Coastal Management: Uneasy non-evolution
http://downtoearth.org.in/webexclusives/crz_timeline.htm

More news, features, opinion in Down To Earth

Frontpage: Backdoor democracy
http://www.downtoearth.org.in/cover_nl.asp?mode=3

Special report: Border conflict
http://www.downtoearth.org.in/cover_nl.asp?mode=4

Grassroots: They write the wrongs
http://www.downtoearth.org.in/cover_nl.asp?mode=5

History: Nurseries of ancestor worship
http://www.downtoearth.org.in/cover_nl.asp?mode=6

Interview: Suicide rate in US army is rising every year
http://www.downtoearth.org.in/cover_nl.asp?mode=7

Gobar Times
http://www.gobartimes.org

– Meancleaning: Bleach out!
http://www.gobartimes.org/20100515/Meancleaning.asp

– Ecological Literacy: Co2ld drinks vs cool drinks
http://www.gobartimes.org/20100515/green_school.asp

Announcements

Survey for Citizen’s Report on Urban Air Pollution and Mobility: Hyderabad

Centre for Science and Environment along with concerned citizens and partners of its clean air campaign is organising a citizens’ survey to understand the challenge of air pollution and transportation crisis in Hyderabad and identify the way forward. We look forward to your support and participation to find solutions to one of the most critical public health and mobility crisis facing our cities today.

Please fill out the form: http://cseindia.org/node/1190

What’s new?

Challenge of the New Balance
CSE’s landmark study on how India will reduce emissions to combat climate change.

Order print copy: http://csestore.cse.org.in/challengenewbalance.html

Mobility crisis – Agenda for Action 2010
CSE’s latest book in its Right to Clean Air Campaign series.

Order now: http://csestore.cse.org.in/mobility-crisis.html

CSE is an independent, public interest organization that was established in 1982 by Anil Agarwal, a pioneer of India‘s environmental movement.
CSE’s mandate is to research, communicate and promote sustainable development with equity, participation and democracy.

Centre for Science and Environment India (CSE)

CSE’s Fortnightly News Bulletin (May 21, 2010)

CENTRE FOR SCIENCE AND ENVIRONMENT
41, Tughlakabad Institutional Area

New
Delhi. India – 110062
Tel: +91-11 29955124; 29956110; 29956394

Fax: +91-11 29955879 E-mail:
cse@cseindia.org

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