Social Watch News
Published on Fri, 2016-02-26 12:56
The debate about regulatory versus voluntary reporting that should be required of financial institutions is very much alive. This is one of the messages coming out of the Transparency and Accountability in the Financial Sector study done by the international civil society network Fair Finance Guide International (FFG). |
| Published on Thu, 2016-02-25 23:00 |
Published on Thu, 2016-02-25 13:05
The global supply chains of 50 companies employ only six per cent of people in a direct employment relationship, yet rely on a hidden workforce of 94 per cent of their labour needs, according to new research from the International Trade Union Confederation. “Just 50 companies including Samsung, McDonalds and Nestle have a combined revenue of $3.4 trillion and the power to reduce inequality. Instead they have built a business model on a massive hidden workforce of 116 million people,” said Sharan Burrow, ITUC General Secretary. The ITUC report, Scandal: Inside the global supply chains of 50 top companies released on the eve of the World Economic Forum in Davos exposes an unsustainable business model, with a global footprint that covers almost every country in the world and profiles 25 companies with headquarters in Asia, Europe, and the United States. |
Published on Thu, 2016-02-25 12:56
Ministers and senior officials of developed countries agreed mid-February major changes to what can be counted as Official Development Assistance (ODA, or ‘aid’), opening the door for greater use of aid to subsidise private companies. A push by some states for greater aid spending on military and security costs was partly rebuffed, after strong campaigning from civil society organisations, while discussions on how to reduce the huge amount of foreign aid being diverted to cover spending in donor countries to support refugees will culminate later this year. |
Published on Wed, 2016-02-24 13:43
Civil society organizations have an opportunity to feed into an official but independent evaluation of the IMF policies and their impact on social protection in the coming weeks. The Bretton Woods Project (a UK-based NGO acting as a watchdog of the IMF and World Bank) will host a consultation with the Independent Evaluation Office of the IMF on the key issues. "This is an invaluable opportunity to influence how the IMF's record over the last decade on social protection will be evaluated in a report to the IMF executive board that is independent" explains the BWP in its newsletter. In the draft issues paper the IEO quotes from ILO work, indicating an appetite to critically examine the IMF's record. |
Published on Fri, 2016-02-19 10:39
During the 2015 federal election campaign, the Liberal party campaigned vigorously on a promise to tackle inequality and substantially reduce child poverty. Proposals such as the Canada Child Benefit and 10% increase to the Guaranteed Income Supplement (GIS) for low-income seniors are certainly steps in the right direction. However, the fight to eliminate poverty and inequality is far from over. These proposals in and of themselves are inadequate to accomplishing the task. This paper, which expands upon a chapter on poverty and inequality in the upcoming 2016 Alternative Federal Budget, proposes the terms of a comprehensive federal poverty reduction plan. If the government is serious about its campaign pledge to bring real economic opportunities to more people, the practical and affordable policy tools outlined here will take them some way toward that goal. |
| Published on Thu, 2016-02-18 23:00 |
Published on Thu, 2016-02-18 09:00
The widening rich-poor gap is recognised as a major social and political problem, but what measures can be taken nationally and internationally to address this issue? Economic inequality is now identified as one of the biggest challenges of our time. |
Published on Thu, 2016-02-18 07:48
The Paris Agreement adopted by the 21st Conference of Parties (COP21) under the United Nations Framework Convention on Climate Change (UNFCCC) on 12 December, was the outcome of major battles on a multitude of issues, especially between developed and developing countries. Developing countries by and large had these negotiating objectives. They wanted to (a) defend the Convention and not let it be changed or subverted; (b) ensure that the Agreement is non-mitigation centric with all issues (including adaptation, loss and damage, finance and technology, besides mitigation) addressed and in a balanced manner; (c) ensure differentiation in all aspects be reflected, with the principles of equity and common but differentiated responsibilities and respective capabilities; (d) ensure that developed countries enhance the provision of finance and technology transfer’ (f) ensure that ‘loss and damage’ is recognised as a separate pillar apart from adaptation and for (g) legally binding provisions, especially on the developed countries. |
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Published on Wed, 2016-02-17 12:46
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