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Barclays was fined after admitting attempting to rig the London Interbank Offered Rate (Libor), a measure of how much it costs banks to borrow from each other. Libor is calculated by taking an average – each morning - of the rate that banks report they can borrow at....
The first round in Egypt’s presidential elections, orchestrated by the Egyptian military (the Supreme Council of the Armed Forces, or SCAF), which has run the country since Mubarak’s ouster, was rife with fraud. The candidates receiving the first and second largest...
Progress in Zimbabwe won’t begin until the political drain is unclogged in the wake of free and fair elections, and until the pipe leading from one of the world’s largest-ever diamond finds to corrupt military coffers is conclusively blocked. While GDP growth has been...
Presented to the ‘Repoliticizing Debt’ conference Queen’s University Development Studies, Kingston, Canada, 30-31 May 2012 Introduction It is now conventional wisdom amongst political economists that accumulation crisis, geopolitical maneuvres and financialization...
This paper is the third in a series of six briefing papers commissioned by the WWF-SA and is aimed at deepening the discussions needed to facilitate South Africa’s transformation to a low carbon economy. The term “Just Transition” first surfaced in the late 90s when...
Nhlanhla Mtaka says the Spear controversy has unmasked us as a nation From tolerance to acceptance: The controversy over the Zuma painting has revealed us all to be racists In his book The Other Side of History: An Anecdotal Reflection on Political Transition in South...
A review of Christopher Hitchens, Hitch-22: A Memoir (Atlantic, 2010), £9.99 Given Hitchens’s political inconsistencies, Hitch-22 is better than it ought to be, a fact which is a consequence of his undeniable talent A petty bourgeois individualist, in his last years...
The case for a single democratic secular state in historic Palestine. ISRAEL’S BRUTAL rampage in the Gaza Strip in December and January claimed the lives of more than 1,300 Palestinians, the majority of them unarmed civilians according to the Israeli human rights...
Do Pretoria and Johannesburg deserve the fate of Sodom and Gomorrah, cities along the ancient Jordan River which were, according to The Book of Genesis, consumed by fire and brimstone as punishment for sinful hedonism? Etymologically, Sodom – today just a salt pan at...