Foreign-Funded NGOs in Ecuador: Trojan Horse for Intervention?
teleSUR | February 18, 2017
Ecuador has come under fire for scrutinizing non-profits like Accion Ecologica, many of whom get millions from Europe and North America.
Ecuador, the tiny South American nation sandwiched between Colombia and Peru, rarely makes waves in the English-speaking world’s corporate mediascape. Last year, news traveled far on at least two occasions.
First, with an earthquake that killed at least 673 people. Second, when the government moved to investigate and potentially dissolve a nonprofit called Accion Ecologica in connection with deadly violence between members of an Amazonian tribe and police sent to protect a Chinese-operated mining project.
Ecologists and prominent activists friendly to the group, including heavy-weights such as Naomi Klein, called out what they characterized as a callous repression and criminalization of Indigenous people protecting the unparalleled richness of the Amazon and alleged state prejudice against an underdog non-profit organization that was only there to save the rainforest and its inhabitants.
Ecuador’s socialist government, on the other hand, sees the “underdog” label as misplaced.
NGOs may be seen as do-gooders, but that’s not always the case. As a country historically vulnerable to the whims of powers in the North, Ecuador has, under the administration of the outgoing President Rafael Correa, put up a guard against a new kind of public diplomacy from abroad that focuses on gaining the favor of civil society to indirectly execute their political priorities.
NGOs are flagged when they operate outside the bounds of the law and their stated objectives, indicators of potential pressure from outside funders to protect their interests rather than those of nationals.
“We’re an Ecuadorean NGO, born here in Ecuador and working for 30 years in the defense of the rights of the environment and of communities across the country, and for that work we are very well known, even at an international level,” Alexandra Almeida, president of Accion Ecologica, told teleSUR.
“But that doesn’t mean that a foreign organization could manipulate us with anything — with funds, with nothing — that’s how we operate.”
NGOs have rarely had to justify their work to anyone, let alone prove that they act for the good of the people only. But Ecuador is not an ordinary country. Rich in resources but export dependent, authorities are attempting to manage the many foreign hands trying to pull the country’s development in their favor.
Silent Action Meets Loud Reaction
This government is the first to scrutinize NGOs, but their scrutiny has not been limited to Accion Ecologica.
In 2012, Ecuadorean President Rafael Correa boldly declared that NGOs have been entering the country like never before during the previous decade. Many, backed by foreign states and foreign money, are out to destabilize the state, Ecuadorean leaders stated.
“Their interest is not the country, impoverished sectors, natural resources or strengthening democracies,” said Paola Pabon, director of the National Ministry of Political Management, which is responsible for tracking NGOs, in an interview with teleSUR last year. “What interests them is having control over governments, having influence over civil society to create elements of destabilization.”
Executive Decree 16, which went into effect in 2013, created a system to catalogue the financing, decision-making and activities of every registered social organization — a total of over 46,000 in the country, including non-profits, unions and community organizations, among others.
The resulting action saw 26 foreign NGOs expelled from the country for a lack of transparency and compliance with national law; in brief, for declaring themselves “non-governmental organizations” while acting on behalf of foreign governments. Among the more high-profile cases was Samaritan’s Purse, an evangelical missionary relief organization that received funding and support from USAID. Fifteen others were given two weeks to get their activities in order.
A handful of Indigenous organizations, which had previously mobilized against Correa’s government, attacked the decree via the Constitutional Court. Two years later, Ecuador reformed the regulations with Executive Decree 739, which fine-tuned the reasons for closing an NGO — the main one, “diverting from stated objectives” — and, caving to demand, eliminated the requirement for organizations to register projects financed from abroad.
Donor Nations: Generous or Greedy?
The trend that prompted Ecuador’s law was not without precedent.
Through the U.S. Agency for International Development, known as USAID, and the linked but publicly independent National Endowment for Democracy, known as NED, the United States pumped over US$100 million into Venezuela to create 300 new organizations credited with contributing to the coup d’etat against Hugo Chavez in 2002. In a similar move, USAID admitted that it tried to provoke a “Cuban Spring” by setting up Zunzuneo, a kind of Cuban Twitter, to circulate calls to protest.
The most common nonprofits close to foreign governments and private interests are those that stand tallest against their states. In Ecuador, that tends to be groups that work closely with Indigenous communities, with those protecting their right to their land and with those defending women and the environment. Funding by private foundations and corporations, while more widespread, is far less transparent and tougher to quantify. Big names like the Ford Foundation and Open Society, however, are well known for injecting funds into NGOs in the global south to advance specific political visions.
But the United States isn’t the only country to have funneled funds to Ecuador through NGOs.
Official numbers from Ecuador’s Chief Administrative Office of International Cooperation, or SETECI, show that since Correa assumed office in 2007 until 2015, foreign NGOs have managed over US$800 million from abroad. Top givers include the U.K. and Spain, followed by several European states.
No one, however, beats the United States. In that same period, the U.S. sent over twice the amount of money of the next-highest donor, with a total of over US$282 million and 780 projects, or 35 percent of all funding.
Of those funds, which only count NGOs based abroad that invested in local or regional projects, 13 went to projects in the Amazon led by non-profits like Care International, the Wildlife Conservation Society, the World Wildlife Fund, the Carnegie Endowment for International Peace and the Mitsubishi Corporation Foundation for the Americas. Projects based in Morona Santiago, the province where the anti-mining protests that led to the death of a police officer broke out, brought in over US$1 million from the U.S. since 2007.
The flow of funds is indicative of a broader attitude between receiver and giver, who “take advantage of the assumption that they have a perfect democracy, which is completely false – there’s a paternalistic attitude that must be regulated,” said Fernando Casado, research fellow at the National Institute for Higher Studies on public administration in Ecuador and Venezuela. Conversely, a flow in the opposite direction would immediately raise suspicion from developed countries, he added.
Yet money itself doesn’t tell the full tale: the funds are tied directly to foreign policy objectives, Casado told teleSUR. “The powers of the North have changed strategy.”
Each state has its own way. Germany, which has had 151 NGO projects in Ecuador since 2007, is known for meddling in affairs of developing countries through its Federal Ministry for Economic Cooperation and Development, or BMZ. When SETECI found that three-quarters of its funds went toward stopping another mining project in the Amazon’s Yasuni region last March, it kicked the German agency out of Ecuador.
The United States has several agencies do its work, the most prominent being USAID, NED — funded through money allocated to USAID by Congress — and the Broadcast Board of Governors. The stated missions: to promote development, democracy creation and a free press, respectively, while strictly adhering to U.S. foreign policy priorities.
“We should not have to do this kind of work covertly,” said former head of NED Carl Gershman on CIA missions to the New York Times in 1986. “It would be terrible for democratic groups around the world to be seen as subsidized by the CIA. We saw that in the 60s, and that’s why it has been discontinued. We have not had the capability of doing this, and that’s why the endowment was created.”
What Givers Want
The “work” the United States has set out for Ecuador — according to a 2016 Office of Inspector General report on the U.S. embassy leaked by WikiLeaks — is “to mitigate the effects of the contentious political environment created by the Ecuadorean Government” with the help of other government agencies, which play a “critical role.”
The report, intended for the eyes of the BBG and Congress, said the embassy was “actively engaged with civil society leaders and nongovernmental organizations to increase Ecuadorean awareness of and support for U.S. policies and values, promote Ecuadorean civil society and government accountability, and strengthen environmental initiatives.”
To set up a climate conducive to U.S. meddling, the U.S. Government Accountability Office included Ecuador on a shortlist with Colombia, Egypt and the West Bank/Gaza the year Correa was elected to closely study public opinion in “specific, targeted public awareness campaigns.”
It also either commissioned or was the beneficiary of a study from Stratfor, a secretive intelligence company contracted by the State Department and the U.S.’s multinational titans, which evaluated the extent to which Ecuador is manipulable by NGOs. The 2013 report, leaked by WikiLeaks, focused especially on how NGOs can influence trade policy and corporate regulation. Its conclusion: based on a scale likely defined in relation to other developing nations, Ecuador is fairly resilient to NGO pressure but has submitted in certain instances.
USAID sends hundreds of millions to local projects in Ecuador, some less explicitly political, but some indirectly benefiting opposition groups, according to U.S. Ambassador in Ecuador Adam Namm. BBG affiliate, TeleAmazonas, has been accused of fomenting strong opposition rhetoric against Correa. And the NED spends over US$1 million annually on dozens of local programs with broad objectives like “promoting citizen oversight of elected officials,” “monitoring due process and the independence of the judicial system,” “monitoring the use of public resources in government advertising” and “facilitating dialogue and consensus on democracy.”
Both Germany’s BMZ and USAID are back in Ecuador following a deluge of NGO activity after the April earthquake. The workload of the National Ministry of Political Management has peaked ever since, said Pabon.
The Sneaky Alliance With Mother Earth
One pet project of USAID was the Conservation in Managed Indigenous Areas, or Caiman, which ended before Correa took office but was among several USAID programs to conserve the country’s biodiversity and promote alliances between Indigenous communities and private businesses.
Caiman worked with various groups working in ecological and Indigenous rights, including Accion Ecologica. For several years, Caiman had Accion Ecologica help them battle against the Ministry of the Environment and train park rangers to oppose contamination from oil and mining.
Whether or not USAID or foreign foundations have funded Accion Ecologica directly is unclear. Unlike many others in the industry, the non-profit does not publish its financial information on its website, and refused multiple requests from teleSUR for copies of audits. When asked, the organization’s president said she does not know specifics on foreign funders and could not answer.
Almeida did say that Accion Ecologica receives funds from Europe — from individuals, “small organizations, alliances, groups that form” around fundraising events on ecological issues. She did not say how much or cite specific names but mentioned Italy and Belgium.
A 2012 investigation from Andes, an Ecuadorean state publication, found that both Accion Ecologica and the Regional Foundation of Human Rights Advising, another powerful nonprofit, are financed by the European Commission, Oilwatch, the Netherlands embassy and a few international ecological networks. Almeida said the accusations were false.
While Europe may be the principal interested party in the success of Accion Ecologica, the U.S. is also well known to have played an active role in similar battles.
In 2013, the year after Correa took the lead against foreign NGOs and a year before he expelled USAID, Bolivia accused USAID of spending US$22 million to divide Indigenous groups on the exploitation and nationalization of oil in their lands.
“Since the right can’t find arguments to oppose the process of change, it now turns to campesino, Indigenous and native leaders who are paid by several NGOs and foundations with perks to foment a climate of conflict with the national government to deteriorate the process of unification that the country is experiencing,” said Morales as he gave USAID the boot.
Beyond Accion Ecologica
“Theoretically speaking, NGOs shouldn’t exist,” said Casado. NGOs operate within a logic of narrowing, minimizing and weakening the role of the state so they can keep filling holes in public services and keep their jobs, which are at risk of disappearing if the state works as it should, added Casado.
“They elect themselves representatives of civil society in general,” and yet their role is limited and entirely reliant on and responsive to funding, which at the end of the day remains in their pockets. Other social organizations and popular movements, said Casado, operate only on conviction.
If an NGO is completely free to operate without regulations, a country would open itself to any corporate and foreign interest that found an open hand, he argued. Latin America is intimately familiar with that process — of consolidating power in the monied class — and NGOs back similar corporate interests, only with a more benevolent face.
It’s near-impossible to identify the perfect case of foreign intrusion — and, as in Accion Ecologica’s case, near-impossible to prove. Multiple factors are always at play, from the ideology of individual members to the decision-making process to however events play out on the ground. Casado said that the first step to uncovering hidden interests is financial transparency — a move that faces stiff opposition precisely for the interests that it could reveal.
Ecuador’s answer is to carefully collect records and draw a clear line between what is acceptable and what is not. Foreign NGOs, state the decree, cannot participate “in any form of party politics, any form of interference or proselytism, any threat to national security or public peace or any other activity not permitted under their migratory status.”
Case Closed?
When Accion Ecologica testified before the Interior Ministry and the Ministry of the Environment, it argued that it had been doing the same work — protecting the rainforest — for decades, always in a peaceful manner. The evidence presented showing they provoked violence through a series of tweets in and around the time of violent clashes was “a bit absurd, very absurd,” said Almeida.
In the end, the government’s case did not hold, and the Environment Ministry concluded there was not enough credible evidence to shut down the group. Accion Ecologica credited “pressure” from its supporters, as its representatives continue to urge for a deregulation of NGOs.
“It’s not only NGOs, but also any organization that will be at risk, especially their right to free expression and the right to free association” if the decree regulating NGOs remains intact, said Almeida.
Her position echoes those taken up by opposition politicians, whose one commonality is their depiction of Correa’s government as one systematically trouncing on citizens’ rights and freedoms.
In an election year, rhetoric makes the difference.
Dianileysis Cruz contributed reporting.
Canada court ruling violates international law: Iran
Press TV – February 19, 2017
Tehran has rejected a recent ruling issued by Canada’s Ontario Superior Court of Justice against Iran, saying the verdict violates international law.
“This ruling contravenes the basic principles of the legal impunity of governments and their assets, and is unacceptable,” Foreign Ministry spokesman Bahram Qassemi said on Sunday.
Justice Glenn Hainey ruled on February 8 that the Islamic Republic had to pay $300,000 in legal costs to those who claim to be victims of Iranian support for resistance groups.
The plaintiffs had sought compensation in the Ontario court under Canada’s Justice for Victims of Terrorism Act. The verdict has given Iran 30 days to pay the sum.
Qassemi said the Islamic Republic has already conveyed its expression of formal protest to the Canadian government and reserved the right to take political and legal measures in that regard.
In June 2016, the same court ordered $13 million in non-diplomatic Iranian assets to be given to three groups of plaintiffs.
The decision was similar to US Supreme Court’s ruling in April 2016 to hand over $2 billion in Iran’s frozen assets to American families of those killed in the 1983 bombing of US Marine Corps barracks in Beirut and other attacks.
Iran’s President Hassan Rouhani announced at that time that the country had filed a lawsuit against the US with the International Court of Justice (ICJ) – the principal judicial organ of the United Nations.
Earlier this month, Iran’s Presidential Office said in a statement that the lawsuit had been officially put in motion.
Washington’s seizure of Iran’s assets is against the Treaty of Amity, Economic Relations, and Consular Rights which was signed by the two countries in August 1955 – referred to as the 1955 Treaty – and is “still effective,” the statement added.
US Lawmakers Want North Korea Back on Terrorism Sponsor List
Sputnik – 19.02.2017
A group of US lawmakers is seeking to return North Korea to the list of states that sponsor terrorism and give it once again the less-than-honorable title of terrorist state. US President George W. Bush took North Korea off the list some nine years ago in order to support talks about North Korea’s nuclear program and to offer sanctions relief in exchange for North Korean concessions.
Now, according to the lawmakers, the alleged assassination of Kim Jong Nam shows that North Korea is practicing state terrorism. The lawmakers are not short on aggressive rhetoric.
“The murder once again highlights the treachery of North Korea,” said Senator Cory Gardner of Colorado, who also chairs a Senate panel on Asia.
“We should never have taken North Korea off the state sponsor of terrorism list,” Democratic Representative Brad Sherman of California told a Congressional hearing Thursday.
“It is time to put little Kim back on that list because he is a world terrorist and a threat to world peace,” said the bill’s Republican sponsor, Representative Ted Poe of Texas.
So far, no official conclusions have been made by the investigation as to who really killed Kim Jong Nam, or why. Experts say until the investigation is complete, making allegations would be “irresponsible.”
According to military.com, North Korea was first put on the list of terrorist states back in 1987, after a bomb explosion destroyed the South Korean Boeing 747 known as Korean Air Flight 858. The US State Department treated the incident as a state-sponsored act of terrorism.
North Korea was removed from the list by US President George W. Bush in 2008, “to smooth the way for aid-for-disarmament negotiations,” the website reads.
If the hawkish lawmakers are to put the country back on the list, they will have to provide solid evidence that the country’s government “repeatedly” supported international acts of terrorism.
However, that is going to prove quite a challenge, since back in 2016 the US State Department officially declared that North Korea “is not known to have sponsored any terrorist acts” since the plane attack 30 years ago. This statement came as a response to another attempt to relist North Korea as a terrorist state in June 2016.
But the lawmakers insist that North Korea’s record be reviewed again. According to Gardner, there is evidence of North Korean “actions and relationships that would meet the criteria of state sponsor of terror.”
It should be noted that US officials repeatedly claimed that there was “evidence” of alleged Russian meddling with US presidential elections in 2016, though it has presented precious little to the public.
North Korea is one of the most sanctioned countries in the world. Its aspiration to secure nuclear weapons in conjunction with its official status as a communist state has caused the United States and the UN to impose numerous sanctions, which severely reduce the country’s trade options. However, each round of sanctions also erodes the space for diplomacy.
Sanctions so far have not prevented North Korea from obtaining nuclear weapons, but they do affect the standard of living of the common people in the country.
Is Trump Killing Israel With Kindness?
By Gearóid Ó Colmáin | February 17, 2017
We wrote a few months ago that the only good thing one could say about Trump was that he was unpredictable. Just a month in the Oval Office, President Trump is living up to his reputation. His meeting with Israeli Prime Minister Benjamin Netanyahu on the 16th of February was not particularly well received in Israel. In contrast to President Obama, Trump’s body language and rhetoric strongly suggested he, and not Netanyahu, was in charge.
Trump was questioned about recent accusations that he was a ‘holocaust denier’. The American president imperiously ignored the question. Then, he dropped a bomb: The president indicated that he would be happy with a one-state solution in Palestine. I have argued for years that the creation of one democratic state encompassing Palestinians and Jews is the only option for long-term peace and stability. Zionists, however, do not even want any talk of that possibility; they understand that a one state solution will ultimately bring an end to Jewish supremacy – both in Israel and throughout the world.
The demographic statistics in Palestine show that the Arab population is growing rapidly. A one-state scenario would enable the millions of Palestinian refugees to return to their lands, thus swelling the Arab population. Moreover, power-sharing in the Knesset (or whatever a future assembly would be called) would change the domestic and foreign policy of the formerly ‘Jewish State’ entirely. The Israeli liberal press is worried about Trump. Yet Trump is arguably the most pro-Israeli President in history; his daughter ‘converted’ to Judaism and his son-in-law Jared Kushner has been financing Jewish settlements in Palestine. But the danger of the Trump regime for the Jewish supremacists is Steve Bannon, Trump’s Chief Strategist.
Steve Bannon has been accused of anti-semitism in the past for criticising the lack of American patriotism among international financiers who happen to be Jewish. But Bannon’s reactionary Breitbart News is staunchly Zionist. There is no contradiction between being Zionist and ‘anti-semitic’. In 1933, National Socialist Germany signed the Haavara Accord with international Zionists, whereby Germany would facilitate Jewish emigration to Palestine. After the Second World War, the USSR showed captured German films to soviet cinema goers. Some of the films such as Harlan’s Jud Süß were banned due to their Zionist content.
Steve Bannon calls himself a “Leninist” who wants to ” destroy the state”. Trump’s shadowy éminence grise, Bannon is believed to be the brains of the Trump administration. He certainly seems to understand dialectical materialism. But how could this dialectical conundrum play out?
During his election campaign, Donald Trump threatened to ban Muslims from entering the United States. His comments provoked international outrage. Benjamin Netanyahu was among the leaders who publicly denounced Trump’s xenophobic statements. We all know that far-right Zionist Netanyahu doesn’t care a farthing about Muslims. So, why would he make such a statement? We might say that, Netanyahu was attempting to present himself as a friend of the Arabs and all Muslims. But there is another aspect to the policy of borders: it is a policy which threatens the New World Order. Open borders and mass immigration are a key agenda of globalisation. We have shown that globalisation is being driven by liberal leftism. The most powerful institutions of the ‘Youth Industry’, ‘Colour Revolutions’, and ‘world-without-borders’ ideology are overwhelmingly Jewish-led. The same can be said for much of the liberal leftist ‘alternative’ media.
A state without borders
Israel has no official borders because they are constantly in expansion. Israel and its agents in the international media and academia unceasingly promote multiculturalism, immigration and open borders for all states – except Israel.
The Trump regime could render Israel’s espionage and intelligence penetration of the United States problematic. Dozens of Israelis were arrested after the 9/11 attacks on suspicion of terrorism. Some had been caught with explosives. They were all released due to the intervention of Homeland Security chief Micheal Chertoff, an Israeli-American. When Israeli Mossad agents were spotted celebrating the 9/11 terrorist attacks, they were described as ‘Middle Eastern-looking’.
Mohammed Atta, the chief terrorist suspect in the 9/11 attacks was, according to French intelligence, a Mossad agent. The Israelis have always used Islamist patsies and dupes for false flag attacks against civilian populations. Israeli security companies such as ICTS have repeatedly allowed terrorists to enter the United States and other countries. Is it possible that Netanyahu understood the significance of Trump’s xenophobic border policies? Impossible to tell.
But it is important to consider the fact that the real source of Jewish power in the world is the liberal ‘left’ media. Trump is currently at war with that establishment. Takfiri terrorism is and always has been a tool of Zionism. From the King David Hotel bombing of 1946, the Lavon Affair of 1954, to 9/11, the ‘war on terrorism’ has been about the recruitment, training and funding of Jihadi forces to be used as false-flag terror patsies and to fight proxy wars on behalf of Zionism.
The Takfiri and Wahhabi ideology is promoted by Israel’s ugly sister Saudi Arabia. If global Islam is taken over by Wahhabism – including in Gaza – Israel begins to look good, while genuine Muslims suffer. If Trump were to genuinely fight Takfiri terrorism in the Middle East, allying with President Assad, Israel’s ‘New Middle East’ project would fail. By putting a US embassy in Jerusalem, Trump is saying that a one-state option is back on the table. An Assad victory in Syria and a one-state solution, involving a burgeoning Palestinian population, would be the beginning of the end for Zionist world domination.
Left liberalism’s ‘Fisk-al deficit’
One only has to read what left liberal disinformation agents are actually saying to see the significance of all this. Take Robert Fisk’s latest piece: ‘ Why Israel is in for a rough ride under Trump’. Fisk believes that Trump and Bannon’s anti-Iran rhetoric is a threat to Israel. But he ignores the fact that it has been Israel, far more than the United States, who has been calling for war on Iran. Fisk is trying to imply that Israel wants peace with Iran. That is clearly not the case. Israel’s ‘left liberals’ and Mr Fisk have been backing the war against Syria to the hilt. As the Jewish-owned Brooking’s Institution makes clear in their 2009 Analysis Paper: ‘Which Path to Persia’, the destruction of Syria is the first stage of the war against Iran. Robert Fisk is right to be worried about Israel; his entire career of lies and disinformation about the Middle East may be undermined by Bannon’s methodological madness – at least at the level of discourse.
In many respects, Adam Curtis is correct to point out that Steve Bannon seems to be playing a similar role to Vladislav Surkov in Russia. Surkov, an advisor to President Vladimir Putin, developed the ideology of sovereign democracy, which Curtis claims led to a bewildering social state of “destabilised perception.”
Bannon and Surkov are the grand strategists of a new abstract art of disinformation designed to defend the interests of the national bourgeoisie against degenerate cosmopolitan elites and the working class. However, it is only by seeing this contradiction and taking control of its fallout that working class interests can be advanced. The White nationalist and violent ‘leftist’ hoodie-utionaries ultimately serve the same class interests. Workers should not be influenced by the reactionary ideology of either.
They are, in many respects, two sides of a Surkovian psyops ruthlessly conceived to maintain class domination.
Time to play Chess
In the Nineteenth century British imperial policy in Ireland consisted of co-opting the Irish to British power by granting them privileges and protection. The policy became known as ‘Killing home-rule with kindness’. The United States cannot afford to wage another catastrophic war of destruction against an emerging regional power like Iran.
Israel’s ‘rough ride’ under Trump will be a good thing if the Islamic Republic of Iran is sufficiently creative in its negotiations with Washington. Iran will need to tighten its alliance with Russia and China and correct serious foreign policy errors such as support for Zionist/Wahhabi agendas in South East Asia.
Iran should look towards strengthening its relationship with countries such as Hungary. Relations at present between Hungary and the Islamic republic of Iran are good. A Hungarian delegation recently visited Tehran and said that they hoped to make Budapest into Iran’s portal in Europe. Strengthening its diplomatic ties with nationalist countries in Europe and Russia, as well as constructive engagement with the Trump administration could contribute to the weakening of Zionism, the phoney war on terrorism and the Talmudic New World Order. Such policies will not bring the contradictions of capitalism to an end, but rather accelerate them. For those contradictions are systemic to the capitalist mode of production itself. But there is the possibility of a realignment of forces away from total war and destruction towards constructive change.
Toshiba boss quits over massive losses in nuclear power projects
RT | February 14, 2017
The chairman of Japanese multinational Toshiba, Shigenori Shiga resigned on Tuesday, taking responsibility for the company’s multi-billion dollar losses in the troubled US nuclear power business.
He will step down from the board but will remain a Toshiba executive.
According to Associated Press, Toshiba announced it is on track to report a net loss of $3.4 billion (390 billion yen) in the current fiscal year that ends in March 2017. It also warned the estimated loss may change “by a wide margin,” projecting a $6.3 billion (712.5 billion yen) loss for its nuclear business. That was related to the acquisition of a nuclear construction firm by its Westinghouse unit.
Toshiba stock tumbled eight percent in Tokyo trading after the announcement.
In December, Toshiba said it might write down billions of dollars in losses following Westinghouse’s announcement that costs had significantly surpassed estimates.
According to the Japanese company’s president Satoshi Tsunakawa, Toshiba won’t take on new projects to construct nuclear plants. He said the company was looking for potential partners to acquire a stake in Westinghouse.
Toshiba said it hopes to fix the situation by selling its flash memory business and other assets.
The Japanese conglomerate has been grappling with an accounting scandal in which it admitted doctoring financial results to meet unrealistic profit targets.
“It is so unfortunate that this has happened,” a company director Ryoji Sato told reporters about the company’s promises to come clean. “We must keep trying to do better.”
Founded in 1875, Toshiba employs almost 200,000 people. Its business includes household appliances, railways, hydrogen energy and elevator systems.
Europe’s United Market is a ‘Project for the Business Establishment’
Sputnik – February 11, 2017
The euro currency is a major factor accelerating the process of economic and political disintegration within the European Union, according to Belgian left politician Peter Mertens.
The European Union is now “disintegrating,” Paul Magnette, Minister-President of the Belgian French-speaking region of Wallonia, said in a recent interview with L’Echo.
“We are nearing a process of political disintegration, with some countries becoming ungovernable,” the politician said.
Magnette also criticized the euro currency as poorly thought-out, which accelerated “social and financial deregulation.”
Magnette has been known as a vocal critic of the Comprehensive Economic and Trade Agreement (CETA), a free trade deal between the EU and Canada. In the interview, he also spoke out for withdrawal from the bloc of such countries as Romania, Bulgaria, Poland and Hungary, following the Brexit example.
Magnette’s remarks are especially surprising, taking into account the fact that such criticism came from a left-wing and pro-European politician.
Peter Mertens, the leader of the Workers’ Party of Belgium, underscored that in Belgium criticism of the current state of European integration comes from left-wing political forces, not from the right, like in France or in the Netherlands.
“From the very beginning, the euro has been a problem. The currency was designed to serve the interests of Germany, Europe’s strongest economy. It was clear that the European united market was not people’s will. It was a project for the business establishment,” Mertens said in an interview with Sputnik French.
The politician shared Magnette’s suggestion that the eastward expansion of the European Union was not conducted properly.
“In 2007-2008, several Eastern European countries joined the EU. The main reason was that German companies were looking for a cheap labor force. At the same time, it was clear that such countries as Bulgaria and Romania were not as economically developed as Central Europe. As a result, now there are two polarities in the EU, between the north and the south and between the west and the east,” Mertens pointed out.
He also agreed with Magnette that the introduction of the euro only deepened the social and economic divisions within the EU.
“In my opinion, the euro currency system was built under Germany’s surveillance. And I think that to a certain extent the current EU is autocratic and authoritarian,” he said.
Nevertheless, Mertens warned that a withdrawal of Eastern European countries from the EU would not resolve the crisis.
“We should not forget that we need to protect those countries. Now, some political forces call for cooperation only with economically developed countries. But we should continue our cooperation with Poland and other Eastern European countries,” he said.
Mertens also said that criticism of the European Union should not be monopolized by right-wing political movements.
“These concerns [about the crisis in the EU] can be expressed in many ways. For example, criticism can be expressed by the nationalists or the far-rights, like in France and the Netherlands. But it can also come from the left, like in Spain or Wallonia. The common idea is that the current political elites do not represent their people anymore,” Mertens concluded.
Brazil’s Olympic Legacy Far from Fulfilled at Idle Game Venues
teleSUR | February 9, 2017
A lack of activity and upkeep is plaguing facilities including the site of swimming competitions, where craters from disassembled pools collect stagnant water.
Less than six months after Rio de Janeiro hosted the first-ever Olympics in South America, game venues sit idle and already in disrepair, raising questions about a legacy that organizers promised would benefit the Brazilian city and its residents.
A lack of activity and upkeep is plaguing facilities including the site of swimming competitions, where craters from disassembled pools collect stagnant water, and Rio’s famed Maracanã stadium, site of the opening and closing ceremonies.
The field there, one of the most iconic soccer pitches in the world, is giving way to dirt and scrub. Electricity was cut recently because of a financial spat between local officials and the contractor hired to manage the stadium.
Before the games, organizers touted the venues as facilities that could easily be repurposed in sports-crazed Rio. But little more than one beach volleyball tournament has been played at any of the venues — and even that drew criticism because it involved throwing sand on the Olympic tennis court.
Federal, state and local governments, along with private partners, paid more than US$12.8 billion to host the Olympics, about US$7 billion of which was for game venues and related facilities.

