19 Sept 2018

Report shows that US police militarization does not reduce crime

Erik Schreiber 

Militarizing police forces does not reduce crime or make police officers safer, according to a study published recently in the Proceedings of the National Academy of Sciences .
“On average, militarized police units do not appear to provide the safety benefits that many police administrators claim,” said Jonathan Mummolo, Assistant Professor of Politics and Public Affairs at Princeton University, the study’s author.
The results of Mummolo’s research may not seem surprising, but they directly contradict the assertions of law enforcement officials across the country, from the local to the federal level.
After police responded to the 2014 protests in Ferguson, Missouri with assault rifles and tanks, Col. John Belmar, the top police officer in the county, claimed that military equipment had kept civilians and officers safe during the protests. “Had we not had the ability to protect officers with those vehicles, I am afraid that we would have [had] to engage people with our own gunfire,” Belmar told USA Today. “I really think having the armor gave us the ability not to have pulled one trigger.” If the armor was necessary to prevent the police from firing, one wonders why they carried assault rifles in the first place.
At a 2016 press conference, Democratic Mayor Bill de Blasio announced that New York City would be providing $7.5 million worth of military helmets and vests to its police force. “An attack on our police officers is an attack on all of us,” he said. “And we have to make sure we’re taking every measure available to protect our officers with the latest gear, the latest technology, given the horrible scourge of guns in this country, and how we’ve seen these guns turned against law enforcement.”
Militarization of the police started in the 1990s under the Department of Defense’s Program 1033, which provides surplus military gear to federal, state, and local police under the guise of the War on Drugs. Examples of this war-making equipment included grenade launchers, armored vehicles and bayonets. These armaments flowed steadily to the police over the decades, with more than $5 billion in surplus gear transferred to date.
People around the world were shocked and outraged at the brutal response to the protests in Ferguson, and by the way that the police force had been transformed into an occupying army. As part of an effort to ease popular anger, the Obama administration slightly restricted, but did not eliminate, police departments’ ability to obtain surplus military gear.
“Those restrictions went too far,” said Attorney General Jeff Sessions when he addressed the 63rd Biennial Conference of the National Fraternal Order of Police last August. “We will not put superficial concerns above public safety.” Any reservations about turning police into soldiers who fight battles against citizens were thus “superficial,” in the eyes of the Trump administration. Sessions described the weapons as “life-saving gear” that are needed to fight “terrorism” and “crime.”
Mummolo’s research shows that such talk is no more than a pretense. For his research, he defined police militarization as “a continuum defined by a combination of equipment, tactics, and culture that centers on violent conflict.” It is difficult to categorize certain localities as militarized because the degree of militarization varies from place to place. Mummolo overcame this difficulty by focusing on special weapons and tactics (SWAT) teams, which are modeled on military special forces units and represent “a heightened commitment to the use of militarized equipment and tactics.”
Through a public records request, Mummolo obtained information about every SWAT deployment in Maryland over the five-year period from fiscal 2010 through fiscal 2014. Maryland agencies had recorded all SWAT activity uniformly because of a state law, since expired, that had required them to do so. There were approximately 8,200 SWAT deployments during the period that Mummolo studied.
To determine the extent to which police militarization affects crime and officer safety, Mummolo combined data from the federal Census of State and Local Law Enforcement Agencies surveys (which describe whether agencies provide SWAT services) with FBI data on violent crimes and the FBI’s Law Enforcement Officers Killed and Assaulted database.
Mummolo found that, far from fighting violent crime or terrorism, the purpose of approximately 91 percent of SWAT deployments was to serve search warrants.
Deploying a SWAT team for this purpose is to apply excessive and overwhelming force. The operation “often involves percussive grenades, battering rams, substantial property damage, and, in rare cases, deadly altercations stemming from citizens’ mistaken belief that they are experiencing a home invasion,” said Mummolo.
Less than 5 percent of deployments were responses to “barricade” scenarios, which involve an armed suspect who refuses to surrender to police. The data “show that the vast majority of SWAT deployments occur in connection with nonemergency scenarios,” said Mummolo. The soldiers-policemen enter homes forcibly in 68 percent of deployments and seize property in 84 percent of deployments. This shameless brutality can have no purpose other than terrorizing the working class.
The demographic makeup of Maryland’s localities varies in racial diversity. Mummolo found that the higher the percentage of black residents in an area, the greater the volume of SWAT deployments per 100,000 residents in that area. This correlation persisted after Mummolo controlled for local unemployment, education, household income levels and local crime rates. The data confirm that SWAT teams are used to attack the poorest layers of the population.
When he examined the data to evaluate the effect of a department’s use of a SWAT team on violent crime, Mummolo concluded that “there is no evidence that acquiring a SWAT team lowers crime or promotes officer safety…. Using the available data, the benefits of increased deployments [on crime and officer safety] appear to be either small or nonexistent.” These findings expose the claims of Belmar and Sessions as fraudulent.
The study uses its results to also suggest that if only greater care is taken by the authorities in the deployment of military gear, police-community relations will benefit. “…[P]olice may suffer reputational damage when they deploy militarized units,” said Mummolo. “These results suggest that the often-cited trade-off between public safety and civil liberties is, in the case of militarized policing, a false choice.” In other words, the aim is to convince the authorities to proceed with more caution as they continue their campaign to defend the status quo of record inequality and exploitation.
To examine how exposure to images of militarized police affects the public’s attitude toward law enforcement, Mummolo conducted two surveys. He concluded that viewing photos of militarized police decreased respondents’ support for police funding and decreased “confidence” in the police.
One illuminating result is that Mummolo found little evidence that race influenced people’s response to images of militarized police, despite lower baseline levels of confidence in the police among African-Americans. This result suggests that workers regardless of their race correctly identify the police as their antagonists.
The reputational costs of militarization to law enforcement are “troubling,” said Mummolo, “since prior work shows that negative views of police inhibit criminal investigations and are associated with stunted civic participation.”
Contrary to what the report suggests, however, the police are not interested in greater “civic participation” in working class communities. Riot gear, percussion grenades, and assault rifles are not intended to encourage civic engagement, but to suppress it. Police terror is a means of silencing the working class and sending the message that any resistance to deteriorating working and living conditions will entail a heavy cost.
The repeal of the very mild Obama-era restrictions on police acquisition of military equipment comes as the struggles waged by teachers, UPS employees, and other workers across the country are intensifying. The fight for a living wage, for adequate health care, and for a more human existence is the real “terror” that militarized police are intended to combat.

Facebook expands censorship to photos and videos

Mike Ingram

A September 13 statement by Facebook Product Manager, Antonia Woodford, titled “Expanding Fact-Checking to Photos and Videos” marks a significant escalation of the company’s censorship efforts.
Under the pretense of combating so-called “fake news” and “Russian interference” the social media giant has spent the last two years assembling an army of censors and established partnerships with 27 so-called fact-checker partners in 17 countries. The partners, include the Associated Press, (AP) Agence France-Presse (AFP), Pagella Politica in Italy, Animal Politico in Mexico and others, together with fact checking sites such as Factcheck.org, PolitiFact and Snopes.com. At the end of last year, Facebook announced a partnership with the right-wing The Weekly Standard prompting widespread outrage.
As the WSWS reported, the role of this latest partnership was highlighted last week when The Weekly Standard flagged an article posted by ThinkProgress with the headline “Brett Kavanaugh said he would kill Roe v. Wade last week.” The article was flagged as false on the preposterous claim that the word “said” in the headline implied a direct quote, rather than the dictionary definition of “indicate,” “show,” or “communicate.” The ThinkProgress incident is only the latest indication of the political character of the censorship by Facebook.
It is unknown exactly how many posts have been flagged as false by Facebook or its fact checker partners since the program began two years ago. A false flag will reduce future traffic by 80 percent, according to CEO Mark Zuckerberg. Now the program is to be expanded to photos and video—a process that was first detailed in March this year.
The March statement headlined “Hard Questions: What is Facebook Doing to Protect Election Security?” by VP of Product Management, Guy Rosen, announced, “We’re fact-checking photos and videos, in addition to links. We’re starting in France with the AFP and will be scaling to more countries and partners soon.”
The global expansion of the censorship campaign to photo and video was announced in the September 13 statement. Woodford wrote, “We know that people want to see accurate information on Facebook, so for the last two years, we’ve made fighting misinformation a priority. One of the many steps we take to reduce the spread of false news is working with independent, third-party fact-checkers to review and rate the accuracy of content. To date, most of our fact-checking partners have focused on reviewing articles. However, we have also been actively working to build new technology and partnerships so that we can tackle other forms of misinformation. Today, we’re expanding fact-checking for photos and videos to all of our 27 partners in 17 countries around the world (and are regularly on-boarding new fact-checking partners).”
The statement says that Facebook has “built a machine learning model that uses various engagement signals, including feedback from people on Facebook, to identify false content.” The company then sends photos or videos to fact checkers, “or fact-checkers can surface such content on their own”, Woodford writes. “Many of our third-party fact-checking partners have expertise evaluating photos and videos and are trained in visual verification techniques, such as reverse image searching and analyzing image metadata, like when and where the photo or video was taken,” she continued.
Based on research conducted since March, Facebook claimed that photo and video “misinformation” falls into three categories, “(1) Manipulated or Fabricated, (2) Out of Context, and (3) Text or Audio Claim.”
The claim that Facebook is motivated by the need for accurate content was refuted in an analysis presented last month by one of the company’s other “partners”, the prominent military think-tank, the Atlantic Council.
After Facebook announced last month that it had shut down the event page for a counter-protest to a fascist demonstration called by the organizers of last year’s Nazi rally in Charlottesville, Virginia, during which left-wing demonstrator Heather Heyer was murdered by a right-wing extremist. The company also announced that it had shut down 32 other pages, including ones opposing police violence and defending immigrant rights.
The Atlantic Council issued a report which said that the shut down by Facebook targeted “the left of the political spectrum” and that the pages were an attempt to “infiltrate left-wing American communities.” The report said these pages “sought to promote divisions and set Americans against one another.”
The report stated that events created by “inauthentic” groups “have a very real, organic, and engaged online community” but that “the intent of inauthentic activity appeared to be designed to catalyze the most incendiary impulses of political sentiment.”
It is not so-called “inauthentic” groups that are the catalyst for incendiary political sentiment but the conditions of social inequality, police repression and war confronting millions of people throughout the world. Facebook’s attempt to suppress photo and video postings is an intensification of the company’s attempt to hide the true state of American and world society—and more importantly the mounting opposition to it—from the population.
Video footage of police killings has been the catalyst for demonstrations across the United States. A search in the video section of Google for “police shooting” yields 97 million results. The overwhelming majority of these are either bodycam or witness footage of unarmed victims of police violence.
Images of immigrant children sitting in cages after being torn from their mothers’ arms by immigration officers likewise provoke the justified outrage of millions of working people throughout the world.
Photographs of the body of three-year-old Alan Kurdî, who drowned in the Mediterranean See in 2015 after his family fled war torn Syria along with thousands of refugees trying to reach Europe were spread around the world, prompting international outrage.
These are the types of “incendiary” images Facebook is seeking to suppress. Over the past two years, Facebook, along with other technology giants such as Google and Twitter have become the self-appointed arbiters of “fake news” and “authoritative content.”
Working with the intelligence agencies and both Democrats and Republicans, the technology giants are seeking to effectively blacklist any viewpoint opposing that of the official political establishment. The main target of this blacklisting is left-wing and, in particular, socialist viewpoints.
The World Socialist Web Site has been in the forefront of the fight against Internet censorship, exposing the conspiracy to censor the Internet beginning with Google’s implementation of new algorithms in April 2017 that were aimed at blocking access to the WSWS and other anti-war and progressive web sites. Google’s actions resulted in a 70 percent drop in search traffic to the WSWS. Google was quickly followed by Facebook and Twitter. The latest action by Facebook is a further escalation of this and must be opposed.

New police raids and Europe-wide manhunt against G20 opponents

Sven Heymanns

In a major raid in three federal states, police searched a total of 15 apartments yesterday morning and arrested one person. According to the police, the action was directed against suspects who were said to have participated in riots on the periphery of the G20 summit in Hamburg in July last year.
While the police have massively cracked down on the G20 demonstrators for over a year, even those suspected of merely having thrown a bottle, entire groups of neo-Nazis in Chemnitz, Köthen and other cities witch-hunt migrants, journalists and left-wingers and receive cover from the highest levels of the state apparatus.
On Tuesday, a 35-year-old man from Hamburg’s Winterhude district was arrested. He was supposedly known to the police before the G20 summit and involved in riots in the Schanzenviertel. According to the Hamburger Morgenpost, he is accused of having thrown stones and bottles 19 times and looted two supermarkets. Apartments were searched in Schleswig-Holstein and North Rhine-Westphalia, and also in Dortmund. However, there were no further arrests.
According to police, the searches involved more than 10 suspects. They are said to have participated in riots in the Schanzenviertel as well as in the “Welcome to Hell” demonstration. They are accused, inter alia, of serious breaches of the peace, resisting law enforcement officers, assault and the plundering of supermarkets. According to Hamburg police spokesman Timo Zill, all the suspects had long been in the sights of the investigators. The police confiscated computers and cell phones, among other things.
Yesterday, the Hamburg police also launched a pan-European search for four alleged “violent criminals.” They are said to have been involved in setting fire to cars on the Elbchaussee on July 7, 2017. Those being sought are three men and one woman; one of the men is suspected of living mainly in France. The head of the special commission “Black Block,” Jan Hieber, said that the suspects’ activities were a “commando action”—a term usually attributed to terrorists like the Red Army Faction.
Significantly, the police also published several photos that supposedly show the wanted persons. The police spokesman rushed to emphasize that their publication had been approved by the court following an application by the state prosecutor’s office. Last December, in cooperation with Bild newspaper, the police had already published photos of hundreds of demonstrators and thus massively infringed their personal rights. As the WSWS wrote at the time, “Nothing comparable has taken place since the founding of the German Federal Republic.” The action was so scandalous that even many bourgeois commentators declared the behaviour of the police “unlawful.”
The massive police crackdown on alleged rioters is completely disproportionate. It serves to justify the further massive increase in the powers of the security apparatus and to prepare for the persecution and suppression of all left-wing protests. The violence surrounding the G20 summit was largely provoked by the police and then exaggerated in the media. All the horror stories in the police reports, leaked unchecked by the media, turned out to be lies.
For example, no evidence has been found to support the claim that protesters sought to throw stones and Molotov cocktails from roof tops. Despite intensive searches and a forensic investigation, the police have not been able to present any such objects, and despite comprehensive video surveillance, they are not able to definitively document their use. In fact, many of those who were on roofs or scaffolding were found to be film crews or curious onlookers.
A few weeks after allegations that the police had had “masses of bottles, bollards, and firecrackers deliberately thrown at them” from the ranks of a demonstration, as the police report said, a police video was leaked that refuted the story completely. The video clearly showed that there was no use of force against the police, but that the police in turn ran towards the demonstrators, who were shot at from the rear with water cannons.
Meanwhile, it is also known that the police themselves had infiltrated numerous provocateurs into the counter-protests of the G20 summit. During a court case against a G20 protester in May, a plainclothes police officer from a Saxony Police Arrest Unit interviewed as a witness said he and three other colleagues had disguised themselves among the demonstrators of the “Welcome to Hell” demo. They had dressed in dark clothes and “pulled up a black scarf under their nose,” Der Spiegel reported from the trial. “We got a clothing subsidy for such garments from our employer,” the police officer told the court. The Hamburg head of the German police union, Joachim Lenders, described the infiltrating of plainclothes police officers into left-wing demonstrations at the time as “common practice.”
The “Welcome to Hell” demo took place five days before the G20 summit and was violently broken up by the police after only a few hundred metres because some of the participants had their faces covered. This procedure then served as a pretext for a brutal police crackdown on peaceful demonstrators at numerous other protests. In the style of a civil war exercise, more than 20,000 police officers from all over Germany had been gathered in Hamburg, turning the city into a veritable garrison and suspending numerous basic rights. Among other things, numerous journalists were briefly deprived of their accreditation.
In the weeks following the summit, these “acts of violence” by alleged “left-wing extremists” were then used as a pretext to prepare an unprecedented campaign against “left-wingers.” Among other things, Foreign Minister Heiko Maas, at that time still justice minister, had called for a “Rock against the left” concert. The fact that right-wing extremist groups such as the youth organization of the German National Party (NPD) and the “hooligans against Salafists” had called for participation in the protests—and numerous neo-Nazis had participated in them—did not come up.
The new “constitutional protection report” drawn up by the secret service, published a few weeks ago, makes clear that the narrative about supposed left-wing riots on the periphery of the G20 summit hides the real motive: to criminalize left-wing politics as being anti-constitutional and to portray the G20 protesters as fanatical left-wing extremists. “The emphases of left-wing extremist agitation” in 2017 were “decisively” influenced by the summit. The “violence against police officers and the extent of street crimes practiced there” are “striking examples of the attitude prevailing among violent left-wing extremists towards violence,” reads the introductory section on “Left-Wing Extremism.”
Since then, this portrayal of the G20 protests has been used to criminalize any left-wing opposition. This year, for example, the Sozialistische Gleichheitspartei (Socialist Equality Party) was named for the first time in the secret service report, even though there is no accusation it has been involved in any violent action. Just a few weeks after the G20 summit, the then-Interior Minister Thomas de Maizière had used the events in Hamburg as an opportunity to ban the left-wing website linksunten.indymedia.

Wall Street pay up 13 percent while workers’ wages stagnate

Barry Grey

The Office of the New York State Comptroller reported Monday that both profits and pay at Wall Street securities firms soared at double-digit rates last year and are continuing their spectacular rise in 2018. The report is the latest in a series of financial surveys showing that 10 years after the Wall Street crash of September 2008, the concentration of wealth at the very top of society continues to increase.
Announcing the release of the report, New York State Comptroller Thomas P. DiNapoli boasted, “Wall Street profited every year since the end of the recession in 2009, and compensation last year reached its highest point since the financial crisis.”
The average bonus paid to the stock traders and speculators in New York City rose by 17 percent last year to $184,220, the highest in a decade. The average salary, including bonuses, increased by 13 percent to $422,500, also the highest since 2008. This figure, well within America’s top 1 percent income bracket, is 5.5 times higher than the rest of the private sector in New York City.
Pretax profits in the securities industry totaled $24.5 billion in 2017, the highest level since 2010. This is an increase of 42 percent over 2016, which saw a 21 percent rise in profits. In the first half of 2018, profits totaled $13.7 billion, a rise of 11 percent and the highest level since 2010.
The “recovery” from the 2008 crash and the Great Recession engineered by both Republican and Democratic administrations (Bush, Obama and Trump) has been a systematic effort to utilize the crisis triggered by the criminal actions of Wall Street bankers and speculators to restructure the economy for the benefit of the financial oligarchs and at the expense of the working class.
By means of a vast transfer of wealth from the working class to the rich and the super-rich, the losses suffered by the financial elite in the global meltdown have not only been fully recouped, its wealth has been massively increased. In 2008, the 400 wealthiest people in America had a net worth of $1.5 trillion. That figure has since doubled to nearly $3 trillion.
Ten years ago, Amazon CEO Jeff Bezos, today the richest man in the world, had a net worth of $8.7 billion. It now stands at over $160 billion, an 18-fold increase.
Workers’ wages have stagnated or declined. Between 2016 and 2017 the wage of a typical US worker grew by a negligible 0.3 percent. This year, wages are barely keeping pace with inflation. Meanwhile, according to a report published last month by the Economic Policy Institute, average CEO pay at America’s 350 largest companies grew by 17.6 percent between 2016 and 2017. The typical chief executive received $18.9 million in compensation.
The average CEO in the US now makes 312 times what the typical worker makes, up from the 20-to-1 ratio that prevailed in the 1960s. This means that, on average, a CEO receives in a single day almost as much as the average worker makes in an entire year.
This vast diversion of wealth and resources to the bank accounts of a parasitic elite has untold human consequences. America is today a country where life expectancy is on the decline, infant mortality and maternal mortality are on the rise, drug abuse and suicide are at record highs, major storms routinely devastate entire regions lacking basic infrastructure, and millions of workers are forced to work two or three poverty-wage and often part-time or temporary jobs.
The baseline for workers is becoming the brutal sweatshop conditions of Amazon, which has grown massively since the 2008 crash by exploiting the systematic destruction of decent-paying, secure jobs. In 2018 America there is the growing phenomenon of the homeless Amazon worker.
The growth of social inequality is the result of a bipartisan assault on the working class. The redistribution of wealth was greatly accelerated under the Obama administration, which responded to the financial crash of 2008 by instituting a series of policies whose net result was the greatest transfer of wealth from the bottom layers of society to the top in history.
These policies included the multi-trillion-dollar bank bailout, near-zero percent interest rates and the money-printing operation known as “quantitative easing.” These measures pumped trillions of dollars into the financial markets and provided the banks and hedge funds with virtually free credit, enabling them to mount new speculative operations similar to those that triggered the financial meltdown and Great Recession in 2008.
The vast inflation of stocks and other financial assets was made possible by the continuing suppression of the class struggle and workers’ wages by the trade unions, which all but banned strikes in the aftermath of the Wall Street crash. Wage-cutting and the growth of low-paying part-time and temporary jobs dramatically lowered the social position of the working class. This was combined with cuts in healthcare, pensions, education, housing, food stamps and other vital social programs.
The orgy of self-enrichment of the financial oligarchy has continued and accelerated under Trump with the enactment last December of a multi-trillion-dollar package of tax cuts for corporations and the rich. Trump’s tax cuts have triggered a new round of mergers and acquisitions, stock buybacks and dividend payments that will increase the wealth of CEOs and investors by an estimated $2.5 trillion by the end of 2018.
Obama shielded the bankers whose fraudulent activities led to the Great Recession. In 2011, the Senate Permanent Subcommittee on Investigations issued a 650-page report on the Wall Street crash that documented the criminal practices of major banks and the collusion of rating agencies and government regulators. The chairman of the subcommittee, Michigan Senator Carl Levin, told a press conference that Senate investigators had found “a financial snake pit rife with greed, conflicts of interest, and wrongdoing.”
The report was a dead letter from the day it was released. Not a single top banker was criminally charged, let alone prosecuted and jailed. Instead, they were made even wealthier. JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO Lloyd Blankfein have both become billionaires, despite playing key roles in creating the sub-prime mortgage Ponzi scheme and then profiting off of its collapse in 2008.
The United States is ruled by a corporate-financial oligarchy, which controls both major parties and all of the official institutions—Congress, the courts, academia and the media. This year has already seen a resurgence of class struggle and a growth of anti-capitalist and pro-socialist sentiment in the working class, not just in the US, but around the world.
The response of the ruling class is two-fold. First is a turn to authoritarian forms of rule, seen both in Trump’s fascistic attacks on immigrants and encouragement of far-right political forces, and the Democrats’ promotion of the FBI, the CIA and the military as the supposed alternative to Trump. There is not a trace of democratic or progressive content in the ongoing political warfare in Washington. Both sides are pro-war, anti-democratic and anti-working class.
The Democrats, for their part, are opposing Trump on the basis of his supposed reluctance to confront Russia militarily and expand the US war in Syria. They are running dozens of former CIA agents and military officers in the midterm elections. Their heroes are the former CIA director and drone assassination mastermind John Brennan and the late war-monger John McCain. They are spearheading the censorship of left-wing and anti-war websites on the internet in the fraudulent name of combating Russian “meddling” and “fake news.”
The other prong of the ruling class response to the growth of working class militancy and anti-capitalist sentiment is the promotion of fake “progressives” and “socialists” such as Alexandria Ocasio-Cortez and Bernie Sanders, and organizations such as the Democratic Socialists of America, which are aligned with the Democratic Party and seek to channel working class opposition back behind that party of American imperialism.

18 Sept 2018

Ashinaga Fully-funded Undergraduate Scholarships for Orphans from Sub-Saharan African Countries 2019

Application Deadline: 16th December 2018

Offered annually? Yes

Eligible Field of Study: courses offered at candidate’s choice higher institution

To be taken at (country): Higher institutions outside of Africa, in countries such as Japan, US, UK etc

Eligible Countries: Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros, Côte d’Ivoire, Democratic Republic of Congo, Djibouti, Gabon, Guinea Conakry, Madagascar, Mali, Mauritania, Niger, Republic of Congo, Senegal and Togo.

About Scholarship: Ashinaga presents the “Ashinaga Africa Initiative” aiming to provide higher education to 20 brilliant students from Sub-Saharan African countries each year, some of which are among the poorest in the world, and encourage them to become leading professionals in their own countries.
We search and screen for potential candidates: orphaned or bereaved students with academic potential but who cannot afford to apply to university. We provide them with a concentrated study camp for six months at Ashinaga’s facility, Kokorojuku, in Uganda and Senegal, where they are given dedicated support and assistance with their study of various subjects and languages, as they prepare to apply to highly ranked universities around the world. We also provide them with a full scholarship and living expenses for four years during their studies abroad.
We expect to see these young, educated people go back to their own countries and establish democratic and fulfilled societies, bringing people a higher national income and high-quality education. This movement will eventually contribute to the overall wellbeing of Sub-Saharan countries by helping to break the cycle of poverty, even though the effects will not be immediate, as they are when food or equipment is donated.
There is a theory that the African population will expand to more than three billion by the end of this century. We believe if we can create a bright future for Africa, a continent with so much potential, humanity’s global prospects will be bright as well.

Offered Since: 2014

Type: undergraduate

Eligibility: Applicants must:
  • Have lost one or both parents;
  •  Have completed 12 years of education (primary and secondary school) within the last two years;
  • Were born after 1st October, 1996;
  • Have an outstanding academic performance at high school and were amongst the top students in their class;
  • Be willing to return home, or to Sub-Saharan Africa, and contribute to society in Sub-Saharan Africa after graduating from university;
    (See the full list of requirements here)
Number of Scholarships: up to 20

Value of Scholarship: The Ashinaga (100-Year Vision) Scholarship provides a full scholarship that covers the cost of tuition, accommodation (during the terms and vacation), insurance, flight, and provides monthly stipend which covers food and necessary academic costs.

Duration of Scholarship: for the period of undergraduate studies

How to Apply: There are three ways to apply for the Ashinaga Africa Initiative, although the Program prefers online applications or those sent by email. There is no application fee, and you must never pay anyone to apply or to apply on your behalf.
  • Completed application form
  • Working email address and telephone number
  • Document proving the death of one or both parents, such as a death certificate
  • Proof of age, such as a birth certificate, national ID or passport
  • Secondary school/high school graduation certificate
  • Results from final national exams
  • Academic report cards from the last two years of high school/secondary school
  • Passport-style photo of yourself
It is important to go through the Application instructions in the Scholarship Webpage before applying.

Visit Scholarship Webpage for Details

Award Sponsors: Ashinaga.

Important Note: Please note that if you apply by post, all submitted documents will not be returned to you. Therefore, you must send copies of documents ONLY.
This application and the selection process are FREE. Any person requesting payment at any stage of the process, does against Ashinaga’s will, and should not be paid.

Washington Post Newsroom Internships for Students Worldwide 2019 – USA

Application Deadline: 12th October 2018

Eligible Countries: International

To be taken at (country): USA

About the Award: Come be a reporter, photographer, videographer, multiplatform editor or producer, news or digital designer, graphics reporter or developer, or social media producer. Apply for the Washington Post Newsroom Internships.
  • Reporters: Clear, concise, energetic writing is highly valued. Conventional coverage of news events should be demonstrated, but a higher value is placed upon enterprise reporting that shows creative, inventive or investigative skills. Writing for the web is also highly valued. Please indicate your reporting assignment preference: General Assignments (includes national and health/science), Foreign (assignments would be in the Washington newsroom), Arts, Entertainment and Culture, Local, Sports or Editorial. No more than three clips.
  • Visual Journalists: For digital photographers, candidates must be proficient in Photoshop CS, photo management software, and Mac and PC platforms. Your application must include a portfolio. Videographers must be proficient in all aspects of digital video/audio and editing software, including Final Cut Pro or Adobe Premiere. Experience with voiceover narration and HTML is helpful. Required portfolio must be attached. Please indicate your assignment preference: Photography or Video.
  • Multiplatform Editors: Successful editors must be able to edit for multiple platforms, writing headlines that are tailored for print and digital audiences. Editors must also have a keen understanding of style, grammar and sentence structure, and must be able to edit for clarity. We also value editors who can detect problems in stories and work with others to make them better. Writing captions for photo galleries, proofing pages and the ability to work calmly under intense deadlines are also requirements, as is strong news judgment. Include up to six examples of news or feature stories you have edited, preferably files that include a headline and caption(s) for web or print.
  • Multiplatform Producers: The producer will be responsible for updating the web and mobile sites with fresh content and making sure article pages have critical web elements. We are looking for interns with solid news judgment, the ability to write smart headlines and blurbs and experience at packaging web stories, photo galleries and videos. An ideal candidate also will be adept at analyzing traffic data and web trends, understanding search engine optimization, be a quick and effective problem solver and be able to quickly learn to use new web publishing tools.
  • News & Digital Designers: The designers craft the visual presentations of our content across platforms. We are looking for interns capable of creating innovative storytelling presentations and then tailoring them to all of our platforms. A candidate must be a strong visual designer, able to work well on deadline and have experience working well with photography and video. They should be proficient in HTML, CSS, JavaScript, Photoshop, and InDesign. Send a portfolio that includes five to 10 examples of your digital design work. The portfolio should be contained in one PDF or link on your application form.
  • Graphics Reporters and Developers : The graphics reporters and developers tell visual stories and present data on the web. A candidate should be able to utilize the entire storytelling toolbox — writing, reporting, charting, coding, mapping and data visualization — and know how to weave it all together to tell engaging stories. The candidate will create, or assist in creating, news applications such as data-driven maps, databases, social media apps, widgets and mobile tools that will either stand alone or be paired with other digital content. They will work closely with reporters and editors in the newsroom, either through mining existing data on the web, taking in feeds, or working with digital producers to imagine new ways to present information. They will work with the design and development team to indicate, design and help develop tools digital producers can use to enhance engagement. Candidates must be proficient in CSS(3), HTML(5), JQuery, JavaScript and must have experience in developing with databases, XML, JSON, PHP and/or Django. Send a portfolio that includes five to 10 examples of your work. The portfolio should be contained in one PDF or link on your application form.
  • Social Media Producers: The producers foster engaging and useful conversation on washingtonpost.com and social media platforms. We are looking for students who have an ability to identify and participate in online communities, big and small. Familiarity with web publishing and basic HTML is required. Please send at least one sample of an online discussion you’ve led and include links to your personal social media handles and/or accounts you have managed. The most successful candidates live and breathe the Internet and can write well, too.
  • Audio Producers: The producer helps record, write and edit audio stories for long-form and short-form podcasts, and works collaboratively with reporters and editors to find and bring to life Post reporting. The ideal candidate has a background in sound design, audio production or both. Our producers combine traditional journalistic skills with creative approaches to telling stories through sound. We also value a producer who brings creative approaches to promotion and community-building. Proficiency in either Adobe Audition or Pro Tools is required. Please include three links to audio clips with your application.
Type: Internship

Eligibility: To be eligible for the Washington Post Newsroom Internships,You must be a college junior, senior or graduate student enrolled in a degree program on Oct. 12, 2018. You must have had at least one professional news media job or internship.

Number of Awards: Not specified

Value of Award: The Washington Post Newsroom Internships are paid. For summer 2018, the salary was $750 per week.

Duration of Programme: 3 months

How to Apply: Complete the online application and attach all relevant materials, including résumé, work samples and autobiographical essay. All work submitted must be in English.

Visit Programme Webpage for details

Chivas Venture Accelerator Programme for Social Entrepreneurs (USD$1,000,000 Funding) 2019

Application Deadline: 31st October 2018

To be taken at (country): In each participating country.

About the Programme: The Venture is a global search to find and support the most promising startups with the potential to succeed financially and make a positive impact on the lives of others.
The most promising startups – one from each country participating in The Venture – will make it to the global final and have a chance to win a share of $1 million in funding.
In 2014, Chivas Regal launched The Venture, a $1million annual fund and global search to reward those who are using business to create positive change. Over the last two years we have invested $2 Million in a new generation of extraordinary startups, that do well by doing good, because we believe generosity and success go hand in hand.

Type: Entrepreneurship contest

Eligibility: The Venture is looking for exceptional startups that use business innovatively to transform communities and solve global challenges. Social businesses that are creating a better future. Whatever it is, if it’s brilliant and can create real, positive change then we want to hear from you.
  • The Venture is looking for social entrepreneurs who have a registered, for-profit startup or business.
  • The Venture is searching for businesses in seed stage (which means the product is still in prototype stage and the business is not yet generating revenue from customers or users yet), startup stage (which means the business has a working prototype of its concept, ideally with some demonstrable user traction, generating a maximum of US $500,000 – or local currency equivalent – in annual revenues and has been incorporated for no more than three years) or growth stage (which means the business is beyond the working prototype stage, and can show significant user traction and sales, generating a maximum of US $1 million – or local currency equivalent – in annual revenues and has been incorporated for more than three years).
  • You will have a strong vision, a compelling idea and a solid business plan.
  • You’ll also need to showcase how your business has a positive impact and articulate how funding would help to take your business to the next level.
  • You must be over 25 to enter The Venture.
Selection Process: Each country participating in The Venture will select one winner to go to the global final. The selection process will vary between countries so please be sure to check your local Terms & Conditions to find out more.

If you are successful at the national final, you will head to The Venture’s Accelerator Week; an intensive five days of learning, where finalists will receive world-class mentorship and support in preparation for the high stakes pitch in July. The week will involve expert trainers and inspirational mentors recruited by the Skoll Centre for Social Entrepreneurship.
After the Accelerator Week, you will have the chance to inspire the public to vote for your startup in order to receive funding. During the voting period, we will allocate $250,000 of the $1Million fund by giving people the chance to vote for their favourite startup.

Final Pitch: At an exclusive event in front of a live audience of business experts, influencers and changemakers, you will have the opportunity to pitch to The Venture’s global panel of judges, who will decide where the remaining share of the $1Million fund will be awarded.

Selection Criteria: Every submission will be judged on five criteria. These criteria are:
  • Market opportunity and size.
  • Demonstrable impact: measurable social or environmental impact and a model that can scale.
  • Sound business model and organizational strategy.
  • Financial feasibility and sustainability: can earn revenue.
  • Skills, experience and commitment of management team.
Number of Awardees: Not specified.

Value of Contest: 
  • A share of the $1 million fund!!!
  • finalists will also take part in a variety of intensive business master-classes at some of the world’s leading businesses to help them sharpen their skills.
  • business and pitching support
  • The global finalists will feature on The Venture website and crowdfunding site IndieGogo. Our international campaign will reach millions of people around the world, offering incredible exposure for your business.
  • The Venture is an international project with some of the participating countries offering additional prizes.
How to Apply: Apply now
It is highly important to go through the FAQ page before applying.

Visit Contest Webpage for details

Award Provider: Chivas Regal

UNHCR Albert Einstein German Academic Refugee Initiative (DAFI) Scholarship Programme for Undergraduate Refugee Students 2019

Application Deadline: Ongoing. Varies according to countries

Eligible Countries: 
  • Sub-Sahara Africa: Benin, Botswana, Burkina Faso, Burundi, Cameroon, Chad, Cote d’Ivoire, Eritrea, Ethiopia, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Mali, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, South Africa, South Sudan, Sudan, Tanzania, Togo, Uganda, Zambia & Zimbabwe.
  • Middle East & Northern Africa (MENA): Algeria, Egypt, Kurdistan Region of Iraq, Jordan, Lebanon, Mauritania, Morocco, Syria & Yemen.
  • Asia & Pacific: Bangladesh, India, Iran, Kyrgyzstan, Pakistan &Tajikistan.
  • The Americas: Ecuador.
  • Europe: Azerbaijan, Russian Federation, Turkey & Ukraine.
About the Award: he DAFI (Albert Einstein German Academic Refugee Initiative) scholarship programme offers refugee students the possibility to pursue an undergraduate degree in their country of asylum. Through the dedicated support of the German Government, and additional private donors, the programme has supported over 12,000 young refugees since 1992. The purpose of the DAFI Programme is to maintain and strengthen the level of capacity of refugees, enabling them to become more self-reliant and to actively contribute to the development of both refugee and host communities.
More generally, the DAFI Programme aims to encourage the development of qualified human resources who contribute to their family and host or home country communities’ self-reliance, thereby supporting greater peace and stability in the region.

Type: Undergraduate

Eligibility: In order to be eligible, a candidate must:
  • be a refugee with recognised refugee status;
  • have successfully completed secondary schooling to a high standard;
  • have no other means of support for university studies;
  • select a course of study that is likely to lead to employment in the country of origin with maximum three to four years duration;
  • not be older than 28 years at the beginning of studies;
  • have no other family member receiving a DAFI scholarship.
Selection Criteria: The DAFI Programme is targeting socio-economically disadvantaged and academically deserving refugee students in the first country of asylum. Priority will be given to:
  • students who had to interrupt their studies due to displacement, and who possess proof of previous university or college studies in their country of origin;
  • qualified refugees who have no means of financial support for university studies, or who are excluded from application for scholarships available to nationals;
  • refugee students who have proficiency in the language commonly taught at universities or colleges in their country of asylum;
  • students who interrupted their DAFI scholarship in the country of asylum due to repatriation to the country of origin. Subject to prevailing conditions and available funds, these students may be supported to continue and/or complete their studies in their country of origin;
  • students who choose shorter and inexpensive courses with high chances of employment (such as computer studies, paramedical and teaching professions, etc).
Other protection related aspects taken into account throughout the selection are:
  • gender-balance
  • individuals with special needs, such as physical disabilities;
  • students’ commitment to community support, voluntary work etc.
  • fair distribution of scholarships among urban and camp-based refugees
  • ethnic and religious diversity
Selection committees can agree/ prioritise a country specific selection criteria in accordance with the DAFI Guidelines.

Number of Awards: Not specified

Value of Award: Undergraduate refugee students are provided with scholarships that cover a wide range of costs, from tuition fees and study materials, to food, transport, accommodation and other allowances. To support their academic achievements and skill development, DAFI scholars receive additional support through close monitoring, academic preparatory and language classes based on students’ needs, as well as mentoring and networking opportunities.

Duration of Programme: The granting of scholarships is limited to students contemplating undergraduate courses of four, or fewer years’ duration, with high probability of employment. As funding is limited, and the programme seeks to offer as many scholarships as possible, full length university courses in medicine and similar courses will normally not be entertained. On an exceptional basis, scholarships can be granted, if refugees had to interrupt their education in their country of origin, require assistance for four years or less to complete their education in the country of asylum, and who are able to provide credible records of their previous studies.

How to Apply:  
  • Check if there is a current DAFI Programme in your country of asylum.
  • Check if you meet the above-mentioned criteria.
  • Contact the respective UNHCR country office to receive a country specific application form.
  • Complete the application form and submit as indicated on the form.
Visit Programme Webpage for Details

Important Notes: Please, do not submit your application to UNHCR headquarters in Geneva or Copenhagen.

NASA Hubble Fellowship Program (NHFP) for Recent Postdoctoral Scientists 2019

Application Deadline: 1st November, 2018, 7:00 PM EDT.

Eligible Countries: International

To be taken at (country): USA

About the Award: The NASA Hubble Fellowship Program (NHFP) supports outstanding postdoctoral scientists to pursue independent research which contributes to NASA Astrophysics, using theory, observation, experimentation, or instrumental development.  The NHFP preserves the legacy of NASA’s previous postdoctoral fellowship programs. Once selected, fellows are named to one of three sub-categories corresponding to NASA’s “big questions”:
  1. How Does the Universe Work? – Einstein Fellows
  2. How Did We Get Here? – Hubble Fellows
  3. Are We Alone? – Sagan Fellows
Type: Postdoctoral, Fellowship

Eligibility:
  • The NHFP is open to applicants of any nationality who have earned their doctoral degrees in astronomy, physics, or related disciplines on or after January 1, 2016, or who will receive their degree before September, 2019.
  • NHFP fellowships are tenable at U.S. host institutions of the fellows’ choice, subject to a maximum of two new fellows per host institution per year, with no more than five fellows being hosted by a given institution in any three-year period (where the cumulative count begins with the 2018 fellows).
Number of Awards: Contingent upon NASA funding, 24 new fellowships will be awarded for 2019.

Value of Award: The NHFP provides salary support plus benefits for up to three years, and an additional allowance for travel and other research costs.

Duration of Programme: 3 years

How to Apply: Apply Here

Visit Programme Webpage for Details

Accenture Firestarter Africa’s Top 30 Tech Start-ups for African Start-ups 2018

Application Deadline: 7th October 2018, 23:59:59 SAST

Eligible Countries: African countries

About the Award: We are looking for those start-ups founded by Africans, that are solving problems in business, government and civil society. We believe in championing start-ups, accelerating digital transformation, driving innovation and helping to unlock Africa’s abundance for all!

Type: Entrepreneurship

Eligibility: To enter, you must:
  • Be an *African start-up, founded by an African
  • Demonstrate innovation
  • Be a registered business
  • Be less than nine years old
Selection Criteria: We are looking for start-ups:
  • That are closing significant market gaps
  • Whose core businesses demonstrate innovation
  • That demonstrate exponential growth
  • Whose products or services are unconstrained by geography
  • The tech product must be market validated and at least have customers
  • The tech product must be piloted
  • Start-ups can be pre or post profit
Selection: Entries will be adjudicated by a diverse panel including: academics, corporate sector specialists and representatives from the innovation ecosystem. Survey findings will result in a study identifying success factors for African start-ups.

Number of Awards: 30

Value of Award: Globally, new ecosystems of diverse players are forming to solve social and business problems. Some of the most pivotal players in these ecosystems are disruptive new digital and specialised technology solution providers—they offer cheaper and faster development times, innovative products and services, and new paths to market. As a Firestarter, you will:
• Join the global Accenture Open Innovation network, membership to this network allows your tech product to be considered for other opportunities across the globe through Accenture.
• Gain media exposure as one of Africa’s Top 30 Tech Start-ups.
• Participate in an Accenture led corporate market access week in Johannesburg, where you will be exposed to pitching techniques, client co-creation sessions and speed dates.
• Be invited to Accenture led client workshops to co-create and pitch with Accenture’s project teams.
• Have the opportunity to house your tech innovation in the Accenture Liquid Studio in Johannesburg, where we host multiple corporate workshops per week.
• Network with corporates and key stakeholders in the entrepreneurial ecosystem at the exclusive awards dinner in Johannesburg February 2019.


How to Apply: Are you a Firestarter? If so, click here to enter and complete your application form.

Visit Programme Webpage for Details

The Roots of Haiti’s Movement for PetroCaribe Transparency

Kim Ives

Haitians worldwide, both in Haiti and throughout its international diaspora, have been demonstrating over the past two months to demand: “Where is the PetroCaribe money?”
They are referring to a fund established in Haiti a decade ago by Venezuela, in conjunction with the Haitian government, which was supposed to finance projects to benefit the Haitian people. A November 2017 Haitian Senate investigatory report found that some $1.7 billion from the PetroCaribe Fund was either lost, squandered, or embezzled from 2008 to 2016. Its management “was marked by serious anomalies, irregularities, acts of malfeasance and fabrication,” the report said. Today, analysts estimate that some $3.8 billion of PetroCaribe money is missing or misspent.
The fund’s establishment was a remarkable act of international solidarity initiated by the late Venezuelan President Hugo Chavez, and it was bitterly opposed by Washington. Under an accord signed in 2006 but not finalized and implemented until 2008, Venezuela agreed to provide Haiti with cheap petroleum products – some 20,000 barrels a day – when oil was selling for about $100 per barrel. Furthermore, Haiti only had to pay 60% of its oil bill to Venezuela up front. The remaining 40% of petroleum revenues went into the PetroCaribe Fund, repayable to Venezuela after 25 years at only 1% interest.
But what happened to this fund which could have provided so much development to the Haitian people? In short, it was largely stolen. It happened like this.
Two years after the PetroCaribe accord began, Haiti was hit by the devastating 7.0 magnitude earthquake of Jan. 12, 2010. Washington used the disaster to virtually wrest control of Haiti from President René Préval. It rammed through the Interim Haiti Recovery Commission (IHRC), which made former U.S. President Bill Clinton Haiti’s de facto ruler and treasurer. Clinton and his acolytes decided how the $13 billion in post-quake international assistance to Haiti was to be spent.
Préval passively resisted, increasing Washington’s dismay with him. After the first-round of Haitian presidential elections were held in November 2010, then U.S. Secretary of State Hillary Clinton forced out Préval’s candidate, Jude Célestin, who had won a spot in the run-off, and replaced him with U.S.-friendly neo-Duvalierist candidate Joseph Michel Martelly, a pro-coup konpa musician known as “Sweet Micky.” Martelly won the Mar. 20, 2011 election with less than 23% of the electorate voting, the lowest turnout for a presidential election in not just Haitian but Latin American history until then (Haiti’s 2016 election would beat that record.)
In the short space of five years from May 2011 to January 2016, President Martelly, with different prime ministers, burned through about $1.256 billion (74% of all the money the Haitian government took over a decade from the PetroCaribe Fund) to finance projects which were either not finished or not real. Martelly’s close friend and longest-serving Prime Minister Laurent Lamothe himself declared, before the Haitian people chased him from office in December 2014, that 94% of his government’s projects were financed by the PetroCaribe Fund.
The 2016 Haitian presidential election was nominally won by Jovenel Moïse, Martelly’s protégé. With the largest campaign coffers (thanks to the PetroCaribe fund), he came into office under indictment for laundering millions of dollars through his banana exporting business Agritrans (money that many analysts believe came from the PetroCaribe fund).
As part of its growing war against Caracas, the Trump administration last year imposed financial sanctions on Venezuela, including limiting bank transactions. As a result, the PetroCaribe program in Haiti was stopped in October 2017 because the Bank of the Republic of Haiti (BRH) could no longer make payments in foreign currency. This has been a tremendous blow to the Haitian economy.
Over the last seven years, Martelly and Moïse let Haiti’s payments for Venezuelan petroleum fall into arrears, and Haiti now reportedly owes over $2 billion in addition to the $1.7 billion withdrawn from the PetroCaribe fund. In 2010, Venezuela forgave some $295 million that Haiti owed it. That represented about a quarter of Haiti’s total $1.25 billion foreign debt. In November 2017, Venezuela allowed Haiti to use $82 million of the debt it owes Venezuela for social projects in Haiti. In return, Haiti is to reimburse Venezuela with food products.
So during the five years from 2006 to 2010, we saw President Préval sign and begin a very promising oil and development program in conjunction with Venezuela. But from 2011 to 2018, we’ve seen Washington hijack the Haiti state, using two subservient administrations to plunder the PetroCaribe Fund and create the political and economic crisis Haiti faces today.
From Jul. 6-8, 2018, tens of thousands of Haitians took to the streets of Haiti, burning stores and stopping all activity, because the International Monetary Fund (IMF), Washington’s sheriff for neo-colonial finances, had ordered the Moïse government to slash oil price subsidies, drastically hiking fuel prices, up to 51% in the case of kerosene.
History has shown that it is unwise to try to take back a gain won by the Haitian people.
The Haitian people rose up and formed Latin America’s first independent nation in 1804 after Napoleon tried to reestablish slavery in the colony of St. Domingue.
They rose up again, after overthrowing dictator Jean-Claude Duvalier in 1986, when Washington tried to reestablish a neo-Duvalierist military dictatorship. That uprising culminated in the 1990 election of former anti-imperialist priest Jean-Bertrand Aristide, the first time modern U.S. election engineering was foiled in Latin America.
Today, again, the Haitian people are again rising up to demand a reckoning after the governments of Martelly and Moïse, in cahoots with Washington, France, and Canada, fronted by the IMF, try to take back the oil and development wealth that the Venezuelan people gave to Haiti, thanks to Hugo Chavez’s internationalist spirit.
Demonstrations are growing and spreading in Haiti, Montreal, and New York. A “Petro-demo” will took place in Miami on Sep. 15. Demonstrators know that they will never get the truth about or justice for the theft of PetroCaribe funds from the Moïse government. That would be asking a thief to arrest himself.
But the call for transparency and restitution are fueling people’s growing conviction that the only way to break Haiti’s downward spiral of corruption and impoverishment is with a revolutionary movement to take back the government and treasury stolen from them in stages since the U.S.-backed coup d’état against President Jean-Bertrand Aristide in February 2004.
Starting in 2005, Venezuela established the PetroCaribe alliance with 17 nations, mostly in the Caribbean. In many of those countries, the program has been curtailed in recent years under pressure from Washington’s aggressive sanctions and low worldwide oil prices.

Is China Springing Debt Traps or Throwing a Lifeline to Countries in Distress?

Gerry Brown

Tales spun by Western corporate media and politicians about China devastating economies in Global South by luring them into debt traps have increasingly worn thin and become threadbare. The latest episode to debunk such false narrative is China giving a fresh loan of $5 billion to Venezuela on President Maduro’s visit to Beijing last week.
The loan is a timely lifeline to Caracas, which has experienced hyperinflation over the last two years as a result of falling oil prices and America’s economic sanctions and sabotage against the Maduro government. Inflation rate in Venezuela smashed past 46,000% from January to April, with IMF forecasting an eye-popping 1 million % by year-end! The dire situation is similar to the hyperinflation in Zimbabwe in the first decade of the new millennium and Germany during the 5 years immediately following the end of the First World War.
According to press reports, the grace period for repayment for some of China’s $19 billion loans to Venezuela expired in April 2018. Instead of declaring loan defaults and demanding immediate repayment, as IMF and western banks are wont to do, China has agreed to lend another $5 billion to Venezuela.
China also helped its “Iron Brother” Pakistan last month by providing a  $2 billion loan to avert Islamabad’s balance of payment crisis. In 2016, Beijing came to the rescue of Egypt by lending $1 billion to its central bank and entering into a currency swap agreement worth $2.7 billion. This financial package enabled Cairo to obtain $12 billion loan in three tranches from IMF.
Half of China’s foreign aid goes to Africa.  China’s growing largesse to the Global South is fast catching up with America. With Trump taking a sharp knife to foreign aid, China is set to surpass the US as the largest donor by 2020. In addition, the Middle Kingdom has forgiven $3 billion debts owed by some African states over the past two decades. At the recent China-Africa Cooperation Forum in Beijing, President Xi Jinping announced that China would write off more soft loans extended to the most impoverished nations on the continent.
So, where are the debt traps sprung by China on unsuspecting developing countries in Africa, Latin America, Central Asia, South Asia and Southeast Asia? China is no Shakespearean Shylock, demanding to exact a pound of flesh on some hapless and helpless defaulters, or the Economic Hit Man from IMF.