26 Nov 2016

Japanese quakes highlight danger of new catastrophe

Mike Head 

Two earthquakes off Japan’s northwest coast this week—Tuesday’s 7.4-magnitude shock and Thursday’s 6.1-magnitude tremor nearby—triggered tsunami fears and injured some 20 people. Fortunately, they were much less devastating than the massive magnitude-9 quake that caused nearly 20,000 deaths and a nuclear disaster on the same coastline in March 2011.
Nonetheless, they point to the lack of remedial, planning and precautionary measures taken by successive Japanese governments since the 2011 tsunami tragedy and Fukushima nuclear plant failure. They also raise further critical questions about the potential impact of another huge earthquake and the lack of official preparations for such a catastrophe.
The two quakes, and numerous subsequent tremors, came just seven months after two major earthquakes and hundreds of aftershocks killed 42 people, injured about 1,000 and left a trail of destruction through the southern island of Kyushu in April.
All these events highlight the prevalence of earthquakes in the highly-populated country, which sits at the convergence of four tectonic plates.
Tuesday’s powerful earthquake generated a tidal wave of up to 1.4 metres at Sendai, about 70 kilometres north of Fukushima, with smaller waves hitting ports elsewhere along the coast, public broadcaster NHK said. Luckily, the tsunami was not larger. Official tsunami warnings were issued but some came too late or failed to reach people.
The first tsunami wave reached the coast of Iwaki, Fukushima Prefecture, at 6:29 a.m., 30 minutes after the earthquake. The Japan Meteorological Agency issued a tsunami warning for Fukushima Prefecture at 6:02 a.m. but not for Miyagi Prefecture until 8:09 a.m.
Some panic and confusion was observed during the evacuations. In Iwaki, severe traffic congestion occurred on roads, including the Kashima Kaido prefectural highway that connects the coastal district of Onahama with inland areas.
Wednesday’s Yomiuri Shimbun editorial questioned whether the authorities had learned the lessons from the 2011 disaster. “[S]ome municipalities issued such notices only after the tsunami reached their areas,” it reported. According to the newspaper’s tally, evacuation directives, advisories and preparation notices were issued for a total of more than 550,000 people in Aomori, Iwate, Miyagi, Fukushima, Ibaraki and Chiba prefectures. However, only about 12,000 people, or 2.2 percent of the total, actually evacuated to shelters.
The quake also temporarily caused a cooling system in the Fukushima Daini nuclear power plant to stop, leaving more than 2,500 spent uranium fuel rods at risk of overheating. The Tokyo Electric Power Company (TEPCO), the utility that operates the Fukushima plants, reported that it restored the cooling pump in about an hour and a half.
Doubts remain, however, about the reliability of TEPCO’s claims, given its long record of cover-ups of nuclear incidents. Two days, later, on Thursday, the company admitted that workers found large puddles of water in reactor buildings at the plant immediately after the quake. TEPCO said the puddles may have formed from water that spilled out of spent-fuel pools during the quake.
All four reactors at the Daini plant have been offline since the 2011 disaster. While the complex was engulfed by tsunami waves in 2011, it escaped a breakdown, unlike its sister Fukushima Daiichi plant. Three out of six nuclear reactors at Daiichi went into meltdown. TEPCO only admitted in February this year that it had known that a meltdown had occurred but waited two months before making the information public.
Despite TEPCO’s record, the previous Democratic Party of Japan government of Naoto Kan left the company in charge of the emergency and remediation operation, a situation continued by Prime Minister Shinzo Abe’s current administration.
Following Tuesday’s quake, nuclear experts reiterated concerns about the safety of the clean-up program at the Daiichi plant. The melted cores of three reactors have yet to be removed because they are still too radioactive for workers to approach. Since 2011, groundwater has seeped into the reactors daily. The water, contaminated by the melted fuel rods, is being treated and stored on site. So far, TEPCO has built more than 880 tanks of about 1,000 tons each.
To try to halt the flow of groundwater into the damaged buildings, the company has built an underground wall of frozen dirt more than a kilometre in length encircling the reactors. The wall is not yet fully frozen, though, and groundwater continues to ooze into the reactors. Scientists have also expressed doubts that the storage tanks or the sea walls being built around the plants could withstand a more damaging earthquake or tsunami.
All but two of the country’s 54 plants have remained closed since 2011, but the Abe government is pushing for most plants to be reopened, defying widespread public opposition. Currently, the owners of 24 other reactors are seeking restart approvals.
In Fukushima, an estimated 174,000 residents are still displaced, many living in cramped prefabricated temporary housing. The Abe government is gradually declaring sections of the 20-kilometre nuclear exclusion zone safe and habitable. But many people have refused to return to Fukushima’s atomic “ghost towns.” For example, four months after Naraha Town was declared safe in September last year, only 6 percent of former inhabitants had moved back.
The latest quakes are another warning of a possible future calamity. In 2013, Abe’s government released a study showing that an earthquake of between 8 and 9 magnitude was highly likely to occur within the next 30 years in the tectonic plate boundary called the Nankai Trough, which runs just south of Tokyo, home to nearly 14 million people.
The report warned that such a quake and an accompanying 30-metre tsunami could kill 323,000 people, destroy over two million houses and cause economic losses amounting to double the annual national budget. Abe simply called on the Japanese people to be “calmly and appropriately afraid.”
As the World Socialist Web Site explained in “Nuclear power, private ownership and the profit system” published in March 2011, the construction of nuclear plants in one of the world’s most seismically active regions on the planet demonstrates two things. One is the subordination of the safety of humanity and health of the environment to the drive for profit and enrichment of executives and big shareholders.
The other is the destructive consequences of capitalism’s division of the world into rival nation-states. Since its defeat in World War II, the Japanese ruling class has suppressed basic considerations of public safety in order to develop “energy self-sufficiency” through nuclear power. This industry also provides the essential capacity to quickly develop nuclear weapons, a possibility openly canvassed by US president-elect Donald Trump during the presidential election campaign.

Construction scaffolding collapses, killing 74 at Chinese power plant

Richard Phillips

At least 74 building workers were killed on November 24 after 70-metre high scaffolding collapsed inside a cooling tower at a state-owned power plant project at Yichun city in China’s Jiangxi province.
While no official statement has been released about what caused the disaster, the China Daily said a tower crane collapsed, triggering the disintegration of the entire construction platform at about 7:30 a.m., during a shift change.
According to news reports, 90 percent of the site’s workforce lost their lives in the disaster, China’s worst building accident in the past two years. Most victims were low-paid migrant workers from Hebei province in northern China. The youngest was just 23 years-old.
Video footage and photographs screened by CCTV, the state broadcaster, showed massive piles of twisted metal and debris, and scores of workers, many forced to use their bare hands, attempting to locate victims. Police have taken 17 people into custody over the accident but provided no information about their identities.
The cooling tower was part of a $US10 billion project to build two 1,000-megawatt coal-fired power units at the site. The state-owned Jiangxi Ganneng power company expected construction, which began in July 2015, to be completed by early 2018.
According to the China Daily, the Jiangxi Ganneng corporation launched a “Work Hard for 100 Days” campaign in September, urging workers to speed up construction. Thursday’s disaster came just over 70 days into the new productivity regime.
The GB Times web site reported that Hebei Yinen Tower Engineering Ltd, the principal contractor on the project, has been involved in several construction accidents in recent years. Unnamed experts suggested that the disaster was caused by the use of lower grade materials and the lack of proper safety inspections.
Tsinghua-Gammon Construction Safety Research Centre director Fang Dongping told the South China Morning Post today: “In China, you seldom see builders who are not rushing to get projects done. The faster companies promise to complete them, the more likely they are to be awarded the contracts.”
President Xi Jinping, Premier Li Keqiang and provincial government officials issued perfunctory statements calling for improved safety. China’s State Administration of Work Safety chief Yang Huanning said there would be an investigation and the lessons of the accident would be learnt to expose the “hidden dangers” in the workplace. Such comments, routinely issued after every industrial disaster, are worthless.
Tens of thousands of Chinese workers are killed in their workplaces each year. In 2015, over 66,000 people died in industrial accidents at an average of 181 deaths per day. This massive death toll is not simply the result of “accidents”—unpredictable and unavoidable events—but the deliberate avoidance of basic safety procedures in order to cut costs, boost output and drive up profits.
Corruption is rife, with health and safety rules largely ignored, and workplace inspections rare. Whenever a major accident occurs, a few officials or managers are scapegoated and the underlying reasons for the disaster are either censored or brushed aside, so that similar practices continue.
In August 2014, a metal dust explosion at a car parts factory in eastern China killed at least 75 people and injured more than 18 others. Last year, the Chinese port city of Tianjin was rocked by two massive blasts, killing at least 173 people and injuring hundreds of others.
Last month, an industrial explosion hit Xinmin township in Shaanxi province, killing over 14 people , injuring more than 150 and leaving a crater several metres deep. The blast was reportedly caused by improperly stored construction chemicals. Earlier this month, over 30 miners were killed in a series of mine explosions and cave-ins.
The deaths of more than 70 building workers at the Jiangxi power-station construction site occurred on the same day that former head of the State Administration of Work Safety, Yang Dongliang, was placed on trial for allegedly accepting bribes. Yang said in court he took bribes and gifts worth 28.5 million yuan ($US4.1 million) while head of the government’s “work safety” agency.
While Yang is to be made an example, his conduct is emblematic of the corruption and profiteering that riddles the entire capitalist regime in China.

Incoming Berlin senate plans more deportations

Carola Kleinert 

At the beginning of November, the Social Democratic Party (SPD), the Left Party and the Green Party in Berlin held coalition negotiations over refugee policy. The three parties are expected to form the new state administration in the German capital of Berlin.
According to media sources, the parties have agreed on a change of course in refugee policy. The parts of the agreement that have been made public read like a humanitarian wish list. In most cases, however, they amount to nothing more than a statement of intent that will not cost any money or place in question the asylum laws of the federal government.
The attitude of the future “red-red-green” state government is already clear on one essential point: it will continue and intensify the existing deportation policy. However, it will take place under a new guise.
Under the heading “right of residence,” the Left Party reported in its Newsletter: “The coalition will rely to a greater extent on assisted return instead of a policy of deportation and will ‘strengthen’ existing programmes through a state programme as needed.”
The term “assisted return” is a typical Left Party smokescreen. The so-called “voluntary return” has already been put into practice and is an especially two-faced method of deportation.
In cases of “voluntary return,” refugees who have been turned down for asylum are informed that they must leave the country for a period of time, usually 30 days. Then, if they do not leave “voluntarily,” they are threatened with forcible deportation for which they are forced to pay, as well as a re-entry ban of ten years. If they agree to leave, then they are rewarded with the cost of departure, a small amount of cash, and possibly also entry into a reintegration program in their home country. This has become the favoured procedure of the authorities. The number of people who return “voluntarily” has increased throughout the country.
The “red-red-green” coalition favours this method of sending refugees back to their home countries. However, the Left Party claim that it has humanitarian motivations is false. Instead, this policy is favoured for concrete monetary reasons. As Bettina Jarasch, the state president of the Berlin Greens said after the coalition negotiations at the beginning of November, deportations are “more expensive.”
However, a red-red-green government will not advocate for an end to deportation and the right of refugees to stay in the country, even though this was an election promise made by several Left Party politicians. “In the end, this coalition will also have to deport in cases where nothing else is possible,” Jarasch said in a radio interview. However, this would supposedly be only a “last resort.”
An examination of the record in Thuringia, where the Left Party has already ruled along with the SPD and the Greens since 2014, shows the reality behind this supposedly humanitarian concept of “return.” Minister President Bodo Ramelow and Dieter Lauinger, the Green Party minister for migration, justice and consumer protection, have overseen a large number of “voluntary” repatriations. At the same time, they are notorious for brutal deportations.
According to the radio station Mitteldeutscher Rundfunk, by the end of July of this year, over 1,400 refugees, 41 percent of those obligated to leave, went “voluntarily.” Ten percent were forcibly deported. At 30.5 percent, Thuringia had the third highest percentage of migrants who were declared “obligated to leave” in the first half of 2016. In the conservative-ruled state of Bavaria the number was 39.9 percent. In Saxony, it was 35.2 percent.
Lauinger justifies the policy of “voluntary return” by saying: “We are convinced that the voluntary departure is also cheaper, faster, easier and more humane; these are all reasons why we should follow the way of voluntary departure before we—and I will say this quite clearly, if this way is not chosen—before we reach for deportation as a method.” It is noteworthy that “humane” comes last in the list of adjectives he uses to describe the policy.
The red-red-green coalition in Berlin shares this perspective. Above all, refugees who are denied asylum must leave the country. The only thing that distinguishes their policy from that of the far right Alternative for Germany slogan, “foreigners out,” is the humanitarian pretext. The fact that Sahra Wagenknecht, the head of the Left Party faction in parliament, demanded an upper limit on the number of refugees who can enter the country was no coincidence.
The other points of agreement that have come out of the Berlin coalition talks on refugee policy are nothing but window dressing. Supposedly, they want to house refugees more quickly, integrate them into the labour market and, in this way, exploit “latitude within state law.” They do not want to introduce the “residence requirement,” which is ineffective in Berlin anyway. In addition, they want to advocate for deportation custody “on a national level,” and “in the Federal Council” they want to advocate for more naturalization, the expansion of family reunion and against the expansion of the list of so-called safe countries of origin.
Who is supposed to take this seriously after the experience with the red-red government between 2002 and 2011? The government coalition of the SPD and the Green Party, which was led by Klaus Wowereit (SPD) also deported refugees and has not even closed the deportation prison in Berlin-Grünau.
In addition, every time asylum law is tightened, the SPD provides its support. In the case of the most recent expansion the list of so-called safe countries of origin from which refugees are not granted asylum, the Greens—with whom the Left Party wishes to rule—have given their support.
The Left Party and Green Party propaganda that claims they are preparing a change of course in refugee policy is intended above all to deceive those among their voters who actively support refugees and serve as a left-wing fig leaf for the federal election due in 2017.
Meanwhile, a new massive wave of deportations has been initiated. At the beginning of October, the federal government came to a readmission agreement with Afghanistan for rejected asylum applicants. Shortly afterwards, it also implemented a similar agreement in the EU. CDU Interior Minister Thomas de Maiziére claimed that there were “safe zones” in war torn Afghanistan. As demonstrated by the most recent attacks in Kunduz, this is pure cynicism. “This is the beginning of a brutalization of the deportation process,” commented Günther Burkhardt of the refugee advocacy organization Pro Asyl.
The Afghanistan agreement also carries the signature of the SDP, with whom the Left Party and the Greens want to enter a coalition. There is growing fear among Afghani refugees, and there have been protest demonstrations in Berlin, Hamburg and Munich.
In this context, the announcement of an increase in “voluntary” returns by the red-red-green government takes on an especially cynical coloration. The Left Party, the Greens and the SPD are offering to manage future mass deportations better and more efficiently.

Scottish government in crisis over Trump victory

Steve James

Formally congratulating Donald Trump on his election to the office of US President, Scottish First Minister Nicola Sturgeon conceded that his victory was “not the outcome I hoped for.”
“Many in America and across the world will also feel a real sense of anxiety,” she continued before appealing, absurdly, for the far-right billionaire to “be a president for everyone in modern, multicultural America.”
Sturgeon, making clear her own reliance on identity politics, praised Hillary Clinton’s defeated right-wing militarist campaign as “a major step forward for women in America and across the world.” According to Sturgeon, the corrupt corporate warmonger “is owed a deep debt of gratitude.”
Sturgeon’s remarks contrasted with British Prime Minister Theresa May’s gushing offer to “look forward to working with president-elect Donald Trump, building on these ties to ensure the security and prosperity of our nations in the years ahead.”
The difference in tone is more than packaging. Trump’s election threatens to sharply deepen the fault lines in a ruling class in Britain that is divided over the unknown duration and uncertain destination of Brexit, over the fate of the European Union (EU), and even the survival of the UK itself.
Trump favours Brexit. The first British politician to meet him was Nigel Farage, currently reinstated as leader of the UK Independence Party, and the man who Trump has now suggested should be UK Ambassador to the United States! Since her elevation to 10 Downing Street, May has repeatedly made clear that, despite the chaos and disarray surrounding all aspects of the Brexit process, she and much of the Conservative Party she leads are determined to press on with it. This includes the growing possibility of a “hard” Brexit, in which no agreement is reached at all on future British access to the European Single Market.
Sturgeon, on the other hand, and most of the Scottish National Party (SNP) she leads, along with a section of the British Labour Party, all the Liberal Democrats and sections of the Tories, consider Brexit an unmitigated disaster to be prevented at all costs. From the standpoint of attracting investment, exporting to the EU, and advancing the interests of the vast financial sector most dependent on Europe, EU membership is considered obligatory.
Sturgeon et al had anticipated a Clinton victory and were considering how best to utilise a Democrat-led administration’s opposition to Brexit to add weight and leverage to their case for a reversal of the June 23 EU referendum vote, in which a majority in Scotland voted to remain in the EU. The SNP has also been mooted as supportive of a “progressive alliance” of pro-EU parties seeking to overturn the result.
Trump’s election victory, therefore, pitches the SNP into a considerable crisis. A turn by the US to “America first” nationalism undermines every post-World War II institution underwritten by American power, foremost of which is the EU itself. Across the EU, the outcome has been greeted with alarm that both NATO and the hundred-year-long US engagement in European political affairs might come to an end.
Moreover, SNP leaders, supporting both NATO and the EU, have been unusually outspoken against a Trump presidency. For years now, Trump and the former SNP leader, Alex Salmond, now the party’s foreign affairs spokesman, have been conducting a public feud over the view from an Aberdeenshire golf course.
Salmond was initially happy to grovel to the billionaire tycoon, and glad to trample over local environmental concerns in pursuit of a lucrative development in Menie in Salmond’s own constituency. The relationship turned sour, however, when Trump went to court to prevent a £230 million wind farm project being built some miles off the coast of his development, arguing the windmills would spoil his wealthy guests’ view of the North Sea.
Speaking bitterly of Trump, Salmond recently informed a local radio station, “I’ve met him, I’ve spoken to him, and ... I absolutely tell you from what I know of this man’s character he is not fit to be President of the United States of America.” Salmond went on, “There are many sociopaths about, but they shouldn’t be in the Oval Office, they shouldn’t be president of the United States.”
Trump was recently stripped of his role as a GlobalScot business adviser and of his honorary degree from Robert Gordon University in Aberdeen because of his anti-Muslim rants.
The SNP’s stance against Trump was echoed by the Scottish Labour Party’s Kezia Dugdale, who not only supported Clinton but twice crossed the Atlantic to work for a Clinton victory. Dugdale, a right-wing Blairite, warned of “a dark day for those of us who believe in compassion, tolerance and equality.” Even the Scottish Tory leader Ruth Davidson complained that Trump’s election was not the one she wanted. Davidson has previously turned to Shakespeare, describing Trump on Twitter as a “clay-brained guts, a knotty-pated fool.”
Under these conditions, although the SNP is preparing legislation for a second independence referendum, the party’s overriding aspiration is for Scotland to remain in the EU by reversing the Brexit decision.
Last week, the UK Supreme Court ruled that both the Scottish and Welsh governments could take part in the legal case currently before the Supreme Court over Article 50, which initiates the process to leave the EU. The case is a legal challenge by the government to the High Court decision that triggering Article 50 will require parliamentary approval and cannot be done on the basis of the Royal Prerogative powers enjoyed by the prime minister. The Scottish government has argued, in line with the High Court ruling, that Article 50 would “lead to a fundamental alteration of the constitutional arrangements of the United Kingdom.”
After the High Court decision, Mike Russell, the Scottish government’s minister for Brexit, urged May to drop the appeal they have launched against it. “Parliament has the right to determine the triggering of Article 50,” Russell said.
Proposing the Welsh case, Labour’s Mick Antoniw, counsel general for Wales, explained that issues of “profound importance not only in relation to the concept of parliamentary sovereignty, but also in relation to the wider constitutional arrangements of the United Kingdom and the legal framework for devolution” were at stake.
Nevertheless, the Brexit debacle has also exposed divisions in the supposedly monolithic SNP. Over the last month, it emerged that former SNP government minister Alex Neil and a significant number of SNP voters had opted for Britain to leave the EU. According to Neil, “The EU is no longer the progressive force it used to be, especially in relation to its pursuit of a policy of severe austerity, which is doing so much damage to the people living in the poorest countries in Europe, like Portugal and Greece.”
Neil has formed a cross-party group in the Scottish Parliament with the Labour Party’s Neil Findlay. The pair issued a statement seeking to put a left gloss on Brexit, claiming, regardless of the trajectory of the British government, that there were now opportunities “to make our country much fairer, where social justice reigns supreme and where we end the dominance of and adherence to the market solutions.”
The extraordinary disintegration and disorientation expressed at all levels of official politics is a remarkable confirmation of the correctness of the stance taken by the Socialist Equality Party in calling for an active boycott of the June 23 referendum and in support of the struggle for the United Socialist States of Europe.

Growing concerns in Europe over Trump agenda

Nick Beams

The “America first” economic agenda announced by President-elect Donald Trump and its implications for the stability of the global economy have sparked concerns in European ruling circles over the prospect of trade conflicts and financial turbulence. These fears are reflected in the Financial Stability Review issued by the European Central Bank earlier this week, in advance of a crucial meeting of the bank’s governing council on December 8.
The meeting will review the ECB’s program of quantitative easing, under which it purchases €80 billion worth of bonds each month in an effort to keep interest rates at historic lows and maintain financial stability. While the program officially ends next March, the ECB had been expected to extend it and keep up the flow of ultra-cheap money.
But its planning has been thrown awry by the spike in bond yields in the US following the election of Trump. Billions of dollars have moved out of government debt into the share markets on the prospect that Trump’s program, based on economic nationalism and large tax breaks, through both privatised infrastructure projects and direct cuts in corporate tax rates, will provide a major boost for profits.
The ECB now faces the prospect that its efforts to hold down interest rates in the euro region will collide with a movement in the opposite direction in the US.
But more is involved than concerns over the immediate movements in the money markets. While the ECB does not directly name Trump, the fears of the European financial elites about the implications of his election victory and what it signifies about the turn by the American ruling class more broadly are reflected throughout its report.
An ECB press release stated that “risks to euro area financial stability related to possible global asset corrections [a reference to the spike in bond yields produced by the outflow from the government debt market and the fall in bond prices] have intensified.”
The report continued: “The financial stability implications for the euro area stemming from changes in US economic policies are highly uncertain at this point. The euro area may be directly impacted via trade channels and by possible spill over effects from the higher interest and inflation rate expectations in the US.”
It added that “vulnerabilities” were significant for euro area banks, with profitability prospects remaining low across the region because of a “subdued economic growth environment.”
The non-bank financial sector could also be adversely affected, with many investment funds, which have “grown rapidly in recent years”—largely on the back of the ultra-cheap money policies pursued by the ECB—now exposed to “liquidity mismatches.” In other words, funds that have gambled on the maintenance of a low-interest rate regime could find themselves scrambling for cash as US interest rates begin to rise.
The ECB report noted that global bond valuations declined by the equivalent of €1 trillion in the week after the US presidential election. While the immediate outlook was uncertain, “more volatility is likely and the potential for an abrupt reversal remains significant amid heightened political uncertainty around the globe and underlying emerging market vulnerabilities.”
Emerging markets are in the firing line because rises in US interest rates and the dollar—now at its highest level in 13 years—increase the value of their dollar-denominated loans and the debt burden they impose.
The shift in US economic policy, exemplified in the Trump agenda of economic nationalism, is also compounding the problems faced by the ECB in seeking to contain the mounting crisis of the Italian banking system. Italian banks have on their books some €360 billion of bad debt, of which €200 billion is classified as non-performing loans.
The scale of the financial breakdown is indicated by the share values of two major banks in the Veneto region, one of the more prosperous areas of the country, reported by the Financial Times this week. In the case of one of the banks, the share price had fallen from €40.75 in 2014 to 10 cents today. In the other, the share price crashed from €62.50 to 10 cents.
The country’s banking system could suffer further destabilisation if Prime Minister Matteo Renzi loses a constitutional referendum on December 4. The “no” vote is being championed by right-wing populist parties that will have been strengthened by the Trump victory in the US. There are fears that if the “no” vote prevails and Renzi resigns, as he has threatened, this will lead to a political crisis, sparking financial instability.
But the Italian crisis is only one manifestation of a very large financial ice-berg. As the ECB report noted, “[T]he main structural challenges for bank profitability continue to be related to the large stock of non-performing loans in a number of countries,” coupled with “overcapacity in some euro area banking sectors.”
This is a legacy of the decision taken by the European financial elites following the 2008 financial crisis not to carry out a purge of the banking system and instead seek to contain the problems through central bank intervention, in the hope that higher economic growth would enable the financial system to gradually recover. That growth has not occurred and the financial malaise has been compounded.
Concerns over where the economic turn by the US under a Trump presidency could lead are not confined to financial markets, but extend to the area of trade. While Trump’s opposition to the Trans-Pacific Partnership was well known before the election, his decision to place its scrapping front and centre in his brief video announcement last Monday sent a broader message: a new era in world trade relations, based on the aggressive pursuit by the US of its interests, has arrived.
The driving force of this agenda and the support it is receiving in US ruling circles are rooted in economic processes. This year, world trade growth will be barely 3 percent, less than half the level it reached in the years leading up to the 2008 global financial crisis, continuing a downward trend that began in 2011. The struggle for global markets and profits is becoming more intense.
In a press conference on the Financial Stability Review, ECB Vice-President Vitor Constâncio voiced his concerns over trade, declaring, “We are in a new phase of weaker world trade. If, on top of that, there would be a wave of protectionist measures, world trade and world growth would suffer.”
As history, especially of the 1930s, has demonstrated, such economic turmoil prepares the conditions for war. While the full extent of the Trump agenda has yet to be revealed, the backing he has received from the American financial and political establishment signifies that his aggressive “America first” agenda is the expression of a far-reaching reorientation by the US ruling class.

25 Nov 2016

JFUNU Scholarships for PhD Students from Developing Countries 2017/2018

Application Deadline: 28th April 2017 | 
Offered annually? Yes
About Scholarship: The Japan Foundation for United Nations University (JFUNU) Scholarship is available for outstanding applicants from developing countries who can demonstrate a need for financial assistance, and they will be considered as candidates for the award of the scholarship.
The programme addresses pressing global issues of sustainability, climate change, development, peace-building, and human rights through an innovative interdisciplinary approach that integrates the natural sciences, social sciences, and humanities. The programme is intended for recent graduates, professionals, and practitioners, offering the unique opportunity to study at a global university within the framework of the United Nations. It provides students with the knowledge and skills to make important contributions towards solving global issues, whether through employment by UN agencies, other international organizations, governments, civil society, or the private sector.
Type: PhD Scholarship
Selection Criteria and Eligibility
  1. Applicants must be from developing countries who can demonstrate a need for financial assistance.
  2. Applicants who are currently living in Japan under a working visa are NOT eligible for the scholarship.
  3. Applicants who want to pursue a second PhD degree at UNU-IAS are not eligible for the scholarship.
Scholarship benefits: The JFUNU scholarship covers the full tuition fees, and provides a monthly allowance of 150,000 JPY for living expenses for a maximum of 24 months. Travel costs to and from Japan, visa handling fees, and health/accident insurance costs must be covered by the student.
Duration of sponsorship: For the maximum of 24 months
Eligible Countries: Citizens of developing countries  listed in the latest OECD DAC list
To be taken at (country): United Nations University ISP Japan
How to Apply: Apply Online
Visit the Scholarship Webpage for Details
Sponsors: The Japan Foundation
Important Notes: Please note that the JFUNU scholarship is highly competitive and offered to a very small number of students who are granted admission to UNU-ISP. Thus, applicants are strongly encouraged to apply for other funding opportunities from the government of their own country, private foundations, or international funding agencies.

Full-fee Development Africa Scholarships at Loughborough University 2017/2018 – UK

Application Deadline: 30th April 2017
Offered annually? Yes
Eligible African Countries: All African Countries
To be taken at (country): Loughborough University UK
Accepted Subject Areas: Masters Taught Courses offered at Loughborough University
About Scholarship: Towards the end of each year, Loughborough University, UK announce its full-fee scholarships for international full-time taught postgraduate students who are currently domiciled (permanently living) in Africa. The Loughborough University Graduate School Development Trust Africa Scholarships covers 100% of the course fees for your chosen postgraduate taught course for one year (replacing any Departmental or Loughborough University scholarships or bursaries you may already have been awarded).Loughborough University UK
Selection Criteria: For 2017 entry the scholarship application procedure is an open competition. Students may only apply for the scholarship after an offer for a place has been made. Students who are in possession of an offer (conditional or unconditional) of a place on a postgraduate taught course can apply for the scholarship using the application form which will be provided from the link below.
Who is qualified to apply? The selection panel will use the following eligibility criteria when assessing applications:
  • Currently domiciled (permanently living) in Africa
  • Evidence of exceptional academic achievement (normally a 1st Class Honours Degree)
  • Commitment to return to their home country on completion of postgraduate programme
  • Evidence of the ability and commitment to making a significant contribution to their home country on their return
  • Full understanding of the costs involved in coming to study and live in the UK
  • Evidence of strong motivation and initiative to secure funds to cover the remainder of the costs involved
How Many Scholarships are available? The University will award a limited number of scholarships
What are the benefits? The scholarship will cover 100% of the course fees. Students will be expected to fund their travel and maintenance costs through other sources.
How long will sponsorship last? Financial award will last for the full duration of the postgraduate taught degree programme
How to Apply: 
Visit Scholarship Webpage for details
Sponsors
The scholarships are being funded through a combination of generous external funding and Loughborough University funds UK.
Important Notes:
  • Note that scholarship applications will not be considered unless the applicant is holding an offer or a place at the time of submission (this offer may be conditional or unconditional).
  • Do not submit your scholarship application until you have received your offer letter.
  • Applications will be initially shortlisted and the final decision on the awards will be made by a selection panel of senior staff of the University.
  • All those applying will be notified of the outcome of their application by email by the end of May at the latest.

This Online Course Will Change what you think about Economics of Money and Banking

Enrolment: 05 December (+ take on-demand)
Timeline: 13 weeks of study, 5 hours/week
Skill Level: Beginner
Certificate offered? Yes
Course of Study: Economics & Finance| 
Course Platform: Coursera
Created by: Columbia University
Cost: Free
About the Course
The last three or four decades have seen a remarkable evolution in the institutions that comprise the modern monetary system. The financial crisis of 2007-2009 is a wakeup call that we need a similar evolution in the analytical apparatus and theories that we use to understand that system.
Modern money cannot be understood separately from modern finance, nor can modern monetary theory be constructed separately from modern financial theory. That’s the reason this course places dealers, in both capital markets and money markets, at the very center of the picture, as profit-seeking suppliers of market liquidity to the new system of market-based credit.
Eligibility requirement
This course was designed originally for upper level undergraduate economics majors at Barnard and Columbia, in New York City.
But the course works for a much broader group as well: people who work in banks or finance but have no background in economics or finance (IT folk, lawyers), graduate students in economics and also other social sciences (history, international political economy, anthropology), and adult learners who sense the importance of the subject and want to find out how to think more deeply about it.
Because the instructor teach in New York, which is the center of world dollar money markets, the course is focused on those markets, but it works well even for learners from around the globe.
How to Enrol

Got Passion for Fashion? Take this Online Course on Innovation in Fashion Industry

Enrolment: Ongoing (Take on demand)
Timeline:  2 weeks @ 2 hours per week
Skill Level: Beginner
Course of Study: Fashion | Course Platform: FutureLearn
Created by: University of Leeds
Certificate offered? Yes
Cost: Free
About the Course
The course introduces a case study showing how Marks & Spencer has been a key innovator in fashion, introducing new fabrics that make our lives easier and more comfortable. You will see how M&S continues to drive innovation to bring consumers new and better products. You will also consider your own clothing and its innovation story, producing and sharing with other learners your research and findings on how a favourite item of clothing is the result of innovative developments in the industry.
Eligibility requirement
No previous knowledge or experience of business or innovation is required, just an interest in innovation and/or fashion.
How to Enrol
Important Notes: This course is part of a collection from the University of Leeds which have been specifically designed for those studying at school or college. All of the courses will help to enrich and extend your knowledge in a specific topic and develop your transferable skills. These courses will help you with making decisions about which subject to study at university and will give you examples and evidence when developing your university application.

DRD/DAAD Masters & PhD Full Scholarships for Africa (Study in South Africa & Germany) 2017/2018

Application Deadlines:
  • the MA in Development Studies (next deadline 15 July 2017, online application will be available from mid April 2017 only!)
  • the Master in Public Administration (next deadline 15 July 2017, online application will be available from mid April 2017 only!)
  • the MA in Development Management (Bochum Programme, next deadline 31 December 2017)
  • the different PhD options at the centre (PhD UWC) (next deadline 15 July 2017, online application will be available from mid April 2017 only!)
Offered annually? Yes
Eligible Countries: Sub-Saharan Africa
To be taken at (country): School of Government, University of the Western Cape, South Africa and Ruhr-University of Bochum, Germany
Eligible Field of Study: Scholarships are available for full-time students of
  • MA in Development Studies
  • Master in Public Administration
  • PhD options at the CDR
About Scholarship: In order to adequately prepare the next generation of leaders through research-oriented training it is not sufficient to have the possibility to award scholarships to promising candidates from all over Sub-Saharan Africa, but it is also necessary to maintain a strong research focus on the work of the centre and to cooperate closely with other leading universities in the region.
Type: Masters & PhD
Selection Criteria and Eligibility: Requirements for application and application procedure
  • Applicants should be from Sub-Sahara Africa
  • Applicants should have an outstanding academic record – at least 70% of your last degree
  • Applicants should apply within 6 years of having completed their previous degree
  • The study must have been completed at an internationally recognized university
  • The previous degree (Baccalaureus or Master) should have been an academic discipline which is related to Development Studies or Public Administration
  • South African students are required to have an honours degree in order to be admitted to a Masters degree course. Other students need the equivalent of a 4 year undergraduate degree
  • Applicants must provide evidence of proficiency in English, both written and spoken. This can be TOEFL test or a similar standard test or a letter from an academic institution
  • Work and/or voluntary experience in your field of interest would be a recommendation
  • Women are encouraged to apply
  • Applicants must be able to study fulltime at the UWC for the required period.
  • South African students are encouraged to apply
Number of Scholarships: not specified
Value of Scholarship: Scholarships include monthly allowances of 650 Euro plus travel allowances for Master candidates and 900 Euro plus travel allowances for PhD candidates. More information about requirements for application and application procedure is provided in link below.
Duration of Scholarship: for period of the programme
How to Apply: You will have to fill in an electronic application form As the e-form can only be submitted once, please make sure that your application is complete before submitting it!
Essay
MA applicants will have to write a one page paper about 1 of the following 4 topics:
  1. François Bourguignon, a former Chief Economist of the World Bank referred to the “poverty growth inequality triangle”: Discuss this comment, critically evaluating the role of inequality in the current study of development in Africa.
  2. Write critically on perceptions about governance in Sub Saharan Africa.
  3. It has been claimed that climate change could potentially interrupt progress toward a world without hunger. Consider the evidence for this claim and discuss how climate change might impact on food security.
  4. Discuss the relationship between social movements and civil society in a specific SSA country of your choice.
Visit scholarship webpage for details
Sponsors: DAAD

University of Nottingham Commonwealth Shared Scholarship 2017/2018 for Masters Students

Application Deadline: 10th March 2017.
Eligible Countries: Commonwealth countries
To be taken at (country): UK
Eligible Fields of Study: 
  • Advanced Nursing MSc
  • Assisted Reproduction Technology MMedSci
  • Cancer Immunology and Biotechnology MSc
  • Clinical Microbiology MSc
  • Microbiology and Immunology MSc
  • Molecular Genetics and Diagnostics MSc
  • Molecular Medical Microbiology MSc
  • Oncology MSc
  • Public Health MPH
  • Public Health (International Health) MPH
CSSS-group2-2
Type: Masters
Eligibility: An interested candidate can apply for this scholarship if they:
  • are a Commonwealth citizen, refugee or British protected person permanently resident in a developing Commonwealth country (please see the CSC’s webpage in link below for a list of eligible countries) AND;
  • are classed as an overseas student for fee purposes AND;
  • have not studied or worked for one (academic) year or more in a developed country AND;
  • are unable, either yourself or through your family, to pay to study in the UK AND;
  • are not currently studying at a University of Nottingham campus or are not a University of Nottingham graduate AND;
  • by August 2017, hold a first degree of either first or upper second class (2:1) classification, or lower second class (2:2) classification plus a relevant postgraduate qualification (usually a masters degree) AND;
  • hold an offer to start a full-time masters degree programme at Nottingham in September 2017 in the Faculty of Medicine and Health Sciences on one of the following courses above
Selection Criteria:
  • You must hold an offer to study at The University of Nottingham in September 2017 to apply for this scholarship so you should apply for your chosen course in the first instance (click the links above to apply).
  • Application for admission to study at Nottingham must be received at least six weeks before the scholarship closing date to allow time for our Admissions office to process the application and confirm your offer, before you can apply for the scholarship.
Number of Awardees: 6
Value of Scholarship: Fully-funded scholarships for students from developing Commonwealth countries:
  • 100% of tuition fees;
  • return airfare to the UK;
  • a maintenance award and additional allowances
Duration of Scholarship: Duration of program
How to Apply: 
  • Any application for admission to study submitted later than six weeks before the scholarship closing date is not guaranteed to be processed in time.
  • There is no separate IELTS requirement for this scholarship. Applicants must meet the requirements of their course. Further information on The University of Nottingham’s English requirements is available here
  • You must make your scholarship application using the CSC’s Electronic Application System (EAS).
Award Provider:  University of Nottingham, UK Department for International Development (DFID) and the Commonwealth Scholarship Commission UK (CSC)