The IMF: Import Mafia Fundamentalists

Before you study the economics, study the economists!

e-Con e-News 12-18 December 2021

The US has about 50% of the world’s wealth but only 6.3% of its population.

This disparity is particularly great as between ourselves and the peoples of Asia…

Our real task in the coming period is to devise a pattern of relationships

which will permit us to maintain this position of disparity over the peoples of Asia.

– George Kennan, 1st Director of Policy Planning, US State Department, 1948

Despite all jabberwocky about democracy, transparency, etc., the International Monetary Fund (IMF) remains a white bastion (controlled by the Gang of Seven – US, Japan, Germany, France, England, Canada, and Italy). The USA determines the IMF quota of major shareholders. And the IMF is another name for the US Treasury, which exercises virtual veto power over its analysis and decisions. What about the US Treasury?  A handmaiden of top US capitalists….

The IMF’s ‘Article IV’ delegation is in Colombo, December 7-20. The media will not tell us what this ‘Article IV’ exactly means, nor give the IMF delegates’ names nor which local informants they be talking shop with. Yet, the entire capitalist media and all their economists demand we kneel before IMF dictat.

     But we already do. Sri Lanka has long been ensnared in the world capitalist network, and bound hand and foot to the IMF since 1950, more so since 1977. In fact, the IMF has its own office in the Central Bank of Sri Lanka. No wonder our finance minister is in Washington to talk to their boss (see ee Focus).

• The IMF is tagged as the world’s financial traffic policeman, directing capital flows, telling capital where capital must go and where capital must not go, laying down the law, hectoring, fining and jailing minor miscreants. Even better, they cause multi-car crashes and pileups (Mexico, Brazil, Russia, Asia, and the whole world from 2008 onwards, etc.) while refusing to jail the mad driver: capitalism! Those mangled and murdered to sustain the unsustainable are not highlighted in the accounts, are never shown on viral videos. And truth be known, the mad driver is this policeman’s boss, the Great White Father, the grand importer-exporter plantation master.

• So, when the IMF policemen leave in a few days a sycophantic media will dress them up as Santa Clauses leaving gas cylinders as gifts under their thorn bushes camouflaged as Christmas Trees. ‘Let there be light!’ they shall holler, and millions of kitchen fires shall ignite like burning bushes in Exxon Sinai. Some people shall then sigh relief, and an amplified cry shall ring out giving thanks to the Great White Father in Washington. ‘We told you so,’ their puppet economists shall then echo, ‘You have to bow down.’

     Economists and media mavens see the IMF and the World Bank as very profitable career goals, with multimillion dollar pensions! No wonder then that every English news medium, opposition party economists, etc., are demanding the government submit to the IMF. Since, all IMF agreements are strictly confidential, the media happily repeats their ‘bland communiqués and meaningless statements’, while US-funded thinktanks (Advocata, Verité) mimic their demands to sell off national resources, garnering daily headlines (ee Focus).

• IMF Won’t Take its Own Medicine – The IMF, like Central Banks the world over, employ lots of economists, with expensive ‘compensation’ – like importing servants and free education for their children. But there are no IMF-type surveillance systems to measure the performance of IMF or other economists. If IMF performances are judged by their own ‘flexible labor’ criteria, they would be dismantled pronto. For they have no influence over the real risks to ‘global financial stability’ which come from their bosses – the USA’s massive current account deficit or EU’s powerful protectionism. 

     Several former colonial countries have been ignoring the IMF, prepaying debts to the institution, rejecting the IMF’s role as a debt arbiter, making swaps with regional countries – and good heavens – industrializing!

     Just as today, the IMF sabotaged the 1970-77 government’s even feeble economic policies, to ensure Sri Lanka not escape imperialism’s control. This involved ‘orchestrating the shift’ from import-substitution to export-oriented industrialization. Export, Export, Export is their mantra. (Random Notes)

     The Great White Father in Washington also acts as the world’s moral policemen and arbiter of ‘democracy’. They also carry a big stick to maketh us understand, big daddy is a jealous god: ‘Thou shalt have no other bankers of the last resort than me.’  The IMF thus threatens that, without them, new world wars will break out.

     After all, as the Soviet Union at great sacrifice were smashing the German Nazi machine, the US and England were already preparing the new world order under Washington dictat. The IMF was created as a ‘central multilateral’ institution to coordinate and discipline financial markets, by the ‘United Nations Monetary and Financial Conference’ at Bretton Woods in 1945.

     Yet industrialized countries quickly removed themselves from IMF dictat. They developed their own insurance systems, and a Gang of 10 set up the General Agreements to Borrow (GAB) in 1964. GAB undermined the IMF’s raison d’être for the industrialized countries. Then the IMF claimed to become a ‘developmental institution’, promising to financially stabilize developing countries, meddling in our domestic policies, crusading for poverty alleviation (not poverty elimination). Analyzing poverty for ever, they refuse to divulge how they got wealthy! There are no Centres for Wealth Analysis NGOs!

     The whites’ greatest fears are that regions will enhance economic cooperation to industrialize, hence the urgency and mania for NATO-waged wars from Africa’s Horn to the Gulf, from the Himalayas eastwards via Myanmar to China and its seas.

• Those wringing hands over ‘Chinese debt trap’, ‘default’, ‘gas explosions’ and ‘public sector corruption’ are also craving more IMF medicine. It is the IMF that has demanded privatization, liberalization and deregulation, destroying local industries. This has meant no regulations or ‘standards’ for the gas business, etc. Like the media and pharma mafias, the energy mafia regulate themselves, and like the media they do not care who gets blown up or killed, as long as they make a quickie profit. The IMF is a bloated white-supremacist institution, which does not imbibe its own medicines. Meanwhile, IMF demands to privatize the state sector and sack workers, while their echo-chamber orchestras – the Advocatas, the Verites, the AOG Harshas and Erans, the Sanderatnes and Wjiwardenas – hoot loud. But this is the irony. The state is already privatized. It serves a few leading multinational corporations and individuals already, even if the nameboards still proclaim ‘Sri Lanka’.

     Those who talk about ‘Chinese debt’ seem not to have heard about the IMF’s long-time structural adjustment programs that pushed countries into penury. Nor have they heard of The Debt Trap: the IMF & the 3rd World by Cheryl Payer, published almost 50 years ago. Instead, all of imperialism’s horrors are by saturated media sleight-of-hand piled on China’s lap: fraudulently placing their debts on someone else’s balance sheets.

• The Island newspaper ‘covering’ another student shooting in the US, portrays such gunplay as some pathology, blaming it on Republicans, not mentioning that such killings are merely retail versions of wholesale US foreign policy, part of their white-settler existence (ee Security, Republicans ask Santa to bring more ammunition).

     The New York Times lamented this week, wringing its pulpy hands, that no US ‘troops’ will be punished for a deadly drone strike, first claimed as killing Afghan terrorists. They now admit it was a ‘tragic mistake’. How magnanimous! Yet this story spread across its media hides NYT’s censorship in its own report on the mass murder of 200 people (those who had aided their invasion of Afghanistan) at Kabul Airport. The death squads responsible for the murders have been safely given passage to the US (ee Sovereignty, CIA Death Squads).

     When white media exposes a crime committed by one of their imperialist states, it’s usually to hide some greater crime. When they apologize for some past atrocity, they usually divert from their greater crime of imperialist underdevelopment.

A German warship Bayern started to cross the South China Sea on Wednesday midst hype by white media outlets, even as Germany begs China to pay as much attention to Europe as it pays to the US. The Bayern is due in Sri Lanka in January. The French frigate Auvergne entered the Black Sea this week, equipped with an Exocet missile system and cruise missiles…

• Across the Pond: 1000 US National Guardsmen from Virginia and Kentucky are being sent to Fort Bliss, Texas, preparing to invade the Horn of Africa by year end. Nearly half the troops in Afghanistan and Iraq were National Guardsmen (mainly white, used for urban battles against Black peoples inside the US, hence known as ‘the Ku Klux Klan in uniform’). A press release stated, it is ‘to support safety and stability in the region, to provide security for the forward operating bases maintained by the US Department of War to build partnerships with host nations.’ Some claim US troops are being sent to help evacuate US citizens in Ethiopia. US and English support for a terrorist group in that sovereign country, resembles what is transpiring in Sri Lanka. They are trying to overthrow Ethiopia’s government. Meanwhile, the US military is backing US mining corporations in the Congo (see Random Notes).

Contents:

A1. Reader Comments

• Speed of Moon vs Jetplanes • Blondes & Foreign Study • Memes & Multinationals • Anti-Industrialization Mafia • Nationalists Hoarding Dollars • Reductionism Anyone • SL Companies Win Most Global Awards

A2. Quotes of the Week

• Ceylon vs Sri Lanka Brand • Kadays & Multinationals • Instability Due to Deindustrialization • Brazil Expels IMF • Worst Cabinet in History • IMF’s Big 3 • Foreign Bondholders Love Repayment • Import Restrictions Inspire Creativity • EconomyNext thinks Colonial Economy was Best • Structure of Education • Faking China Debt Trap • Church & Usury

A3. Random Notes

• Seabed Up for Grabs • Dogwhistling, Foreign Gods & Land Grabs • Whites Prefer Kalu-Suddhas as Rulers • 226 Trillion Global Debt for What? • Sarvodaya Plays the Colombo Casino • Germans Love DFCC • SL Telecom Forget Wimalasurendra • UN Romance & Handicraft • UN Undermines Local Production with Love • NGOs, Underdevelopment & Revolution • ee‘s Fundamental Objective • US Military to Ethiopia • Congo & US Military Mining

B. ee Focus       

B1. The IMF Has No Clothesee

B2. The Urgency of Wage, Energy, Land Bank & Remittance Policies – Tennekone Rusiripala

C. News Index

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A1. Reader Comments

ee thanks Readers who send articles of interest. Please excerpt or summarize what is important about any news sent, or your comments, and place any e-link at the end. Email: econenews@gmail.com

• ‘Sometimes ee makes the head spin. Since it’s Unduvap Poya, remember, the moon moves 3,700 km/hour while airplanes fly at 900 kmph.

• ‘Has ee noticed how these big billboard ads for foreign universities usually show Black and Brown men with Blonde white girls, and Black and Brown girls with white boys?’

• ‘Sri Lanka’s next elections will be held in London or New York, for it is only they and their media who feel they can decide whether an election is free and fair?’ 

• ‘Twittering memes, televised ‘strikes’ and ‘revolts’, letters to the editor, opinion columns, ignite the media, opposing the recent organic policy, portraying it as a battle between indispensable toxic chemicals and utopian organic do-goodery. How much of this social muttering is via Unilever’s PR and Ad Agencies?’ 

• ‘ee has taught many people, especially to think about industrialization all the time, and more importantly, how to implement it despite an import merchant mafia.’

• ‘So “exporters hoarded proceeds in dollars hoping to weaken the rupee against the dollar”? Great nationalists we have?’

• Suddenly everybody is talking ‘economics.’ There was a time when ‘reductionist’ and ‘economistic’ was an insult aimed at those who usually sought to explain the world through economics and at best through the forces and relations of material production. But nobody is talking about modern industrial production.’

• ‘How many awards and prizes are there on planet Earth? Most of them appear to be have been won by Sri Lankan corporations. Check any media business news section. Why these superficial ads are even called news, we have absolutely no idea. As for the awards, prizes and trophies, there are large number of importers of such fake accolades, of course they too are manufactured elsewhere.’

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A2. Quotes of the Week__

‘This is a country that’s struggling with (a) brand image. We have 2 names, Ceylon and Sri Lanka.’ – see ee Business, SL vs Ceylon

• ‘30% of Fast-Moving Consumer Goods (FMCG) in retail stores are complete directly imported products, and 35% of local products are dependent on imported raw material. The remaining 35% only can be considered complete local produce. The Price Crisis is mainly with the first and second categories consisting of the most demanding essential goods, which is 65% of regular day-to-day consumer needs.’ – ee Economy, Price Gouging

• ‘Recurring monetary instability is due to lack of industrialisation and not because of money printing or budget deficits. Printing money is no longer fashionable… the key reason is the lack of industrialisation. Countless studies have revealed that foreign debt serving issues, and low economic growth are due to lack of industrialisation.’ – Howard Nicholas, ee Economists, Foreign

Brazil Expels IMF Office: ‘It has been years since they were needed here. They stayed because they like feijoada [black bean & meat stew], football, good conversation and, from time to time, to criticise and make wrong predictions,’ – Paulo Guedes, Brazil’s finance minister, ee Economists

• ‘There is a global economic crisis, and we are affected by it. Prices of most goods we import have gone up, and this is beyond our control. On the other hand, Covid-19 too has affected us immensely. Once production and transportation are affected prices go up… Most countries were simply printing money to overcome it. The USA had printed trillions of dollars during the last 2 years, and recently the US Congress increased its debt ceiling by another $2trillion… caused inflation in the US too. We are also facing inflation because we too have taken similar steps… China is the biggest lender to the US, and despite the ‘cold war’ between the 2 nations, Chinese are still buying most of the US bonds… China has the biggest dollar reserves in the world… over 4.5 trillion in dollar reserves. The reserves of the US are only 5th in the world. China has more US dollars than the US. Most people are blind to this fact; politicians have no clue and economists who know this don’t reveal it. So, we are doing the same things over and over again… The crisis in Sri Lanka was exacerbated by the fact that the country is ruled by the worst Cabinet in the parliamentary history of the country… The government did not know how to deal with the economic crisis… The government provided tax concessions to businessmen 14 times so far, aggravating the economic crisis.’ – DEW Gunasekera, ee Economists

• ‘If we approach the IMF, they will present 3 conditions before us. First, they will ask us to let the Rupee float. Secondly, they will say that they represent the free world market, and they will ask us to remove all the import restrictions we have placed and vehicles will be imported to Sri Lanka. Thirdly, they will ask the Government to reduce expenditure, limit appointments and cut down concessions. They will say that our state institutions will have to be converted to profit-making enterprises. These conditions will interrupt the lives of the general public’ – Anura Dissanayaka, ee Economy, Caution

• ‘The goal should not be to repay the debt to foreign bondholders who have already bought our debt at deep discounts of 20, 30, 40% and are getting windfall returns each time the government pays to maximise their benefit, but to minimise the pain for the Sri Lanka economy and Sri Lankans.’ – Verite de Mel, ee Economists, Foreign Bondholders

• ‘The closed economy policies of the then socialist government of Sri Lanka forced hoteliers, particularly chefs, to manage with many shortages of essential imported ingredients. The government banned importing many types of food items unless essential for general public. Most hoteliers were upset that food items such as European cheeses, stuffed olives, preserved maraschino cherries were not available any more. As all hotels were in the same boat, I personally did not worry about such scarcities. I considered these challenges as opportunities to be creative in using similar ingredients locally available.’ ee Business, Controls

• ‘Sri Lanka set up a money-printing central bank in 1950 in the style of several set up in Latin America under the tutelage of a US money doctor, and has depreciated the currency from 4.70 to 200 so far, impoverishing the people and triggering out-migration. Before the central bank was created Sri Lanka had a currency board without a policy rate, which kept the economy stable and reserves of 11 months of imports. Sri Lanka had free trade and was a net importer of labour. As money was printed after independence, using provisions of the monetary law, forex shortages led to licensing of remittances out.’ – ee Workers, Export 300,000 Workers

• ‘The structure of Sri Lanka’s higher education system comprises 3 major types of institutions: i. Universities and other Higher Education Institutes (HEIs) functioning under the Ministry of Higher Education (MoHE) Sector of the Ministry of Education. Under the MoHE is the University Grants Commission (UGC) which oversees 18 State universities and 21 State HEIs. There are 2 other State universities directly administered and managed by the MoHE and are not subject to UGC regulations: ii. 3 universities functioning under ministries other than MoHE which provide higher education at institutions established directly under their supervision. eg, Kotelawela Defence University (KDU) operates under the Ministry of Defence: iii Private universities and other private HEIs which include 3 categories: a. local degree-awarding institutes, 24 in number, which are established under the Companies Act No 17 of 1982; b. Cross-border Institutes registered under the Companies Act. Many operate as local affiliates of foreign universities and offer foreign university programs in Sri Lanka. Some students do part of the program in a foreign country. At present there are 46 such institutes; c. Professional bodies/associations established under different Ordinances or Acts which have regulatory powers in professional higher education, ie, degrees leading to a practice of a specific profession. eg, the Engineering Council of SL, SL Medical Council, the Council of Legal Education, etc. When a student is awarded a degree in a Professional degree program, they should obtain a certificate from the relevant professional body to practice certifying their ‘fitness to practice’. – ee Workers, Ensuring

• ‘A Washington Center for Global Development study shows that none of the Chinese Belt & Road Initiative projects have been the author of debt distress; of the 68 BRI projects, only 8 are in countries struggling with debt, but this struggle predates Chinese investment. Close studies of Chinese investment in the SL port of Hambantota (published in Atlantic) and in the African country of Djibouti (Globe&Mail) show there is no evidence of asset seizure in either case.’ – ee Sovereignty, Uganda

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A3. Random Notes (‘Seeing Number in Chaos’)_

• The International Seabed Authority (ISA) will quietly meet this week in Kingston, Jamaica. Capitalist mining corporations are targeting the deep sea to mine the ocean floor. The ISA gains no media attention here. The ISA was set up by the UN Convention on the Law of the Sea. – see ee Agriculture, Pacific

Lands in Sri Lanka to be sold to foreign countries headlines the UNP-offshoot SJB. ee suspects this is dog-whistling about China. Meanwhile, how much land and/or its produce does London-based Unilever, Ceylon Tobacco Co., the Anglican Church, Rome-based Catholic Churches, Saudi-based Mosques, etc, own or control?

• The English, when they have had little choice in their colonial domains, rather preferred to hand over ‘governance’ to Black-whites than to their own settler whites. This is because the Black-whites have no idea, or the popular base for, or simply fear, what true ‘governance’ means. Whereas the settler-whites know what white rule is all about: industrialization. They did what whites in the imperialist centres do, not what they say we should do. The Black-whites who took over here have kept the faith, feeding raw materials to their white motherland 

     Politicians before 1948 ‘independence’ may have supported industrialization, knowing the advances of the Soviet Union under later-demonized Joseph Stalin, but they feared an educated skilled electorate would end their wasteful privileges. 

     ee keeps arguing that the Sri Lankan government should immediately implement and go beyond the wartime measures enacted in Ceylon by the undemocratic English during their WW2 to save their colonial system. The present so-called crisis is but another peak in an untenable system. True independence in 1948 has been postponed by the bribing of an electorate with imported consumption. Kalu-suddhas have thus been able to play act like the short-term white man who ruled a non-settler colonial economy dedicated to providing raw materials to their industrial centres. Attempts to build industry were restricted and undermined. Now a 5th popular government (1956-59, 1960-64, 1970-77, 2005-15, 2019-?) has been undermined yet again by a powerful wannabe class massaged by the import-export export merchant mafia led by the multinationals, whose main job has been to reincorporate us into world capitalist bondage, under the tutelage of the whiteman’s international financial institutions.

• The IMF calculates the ‘global debt’ reached $226trillion in 2020 amidst the pandemic: but will not tell us exactly who this ‘debt’ is owed to, nor how much of it is to pay for imperialist industrial machineries and goods. The IMF warning comes along with the US Federal Reserve saying it would raise interest rates in 2022, to push up ‘global borrowing costs’…The Bank of England just raised rates. Get the picture?

• Sarvodaya Development Finance this week ‘debuted’ on the Colombo Stock Exchange, promising to use profits to develop villages. ‘Sarvodaya had committed over a billion rupees for development of 5,300 villages in which it operates. Though the company will be profitable, dividends from SDF will be put back into villages.’ The qualifier ‘though’ does seem curious.

     SDF was formed in 2010 as the economic arm of the 1958-established Rockefeller-linked Sarvodaya Movement, ‘one of the oldest NGOs in Sri Lanka’. All it has done is sell foreign (Indian, Japanese, US) machinery and goods to rural farmers (see ee 18 Sept 2021). For Sarvodaya, whose figurehead leaders affect Gandhist simplisms and wear national couture, development is not investment in modern industry or upgrading technical (scientific & artistic) skills of villagers to make those machines they lease and sell (ee Finance, SDF).

     Meanwhile the DFCC Bank, whose practices are anything but ‘development finance’ as their nameboards proclaim, has won Germany’s Karlsruhe Sustainable Finance Awards 2021. So why is Germany so interested in DFCC’s ‘financial sustainability’, when DFCC does not invest in modern industry? Karlsruhe’s banks do so, but internally. Germany’s largest oil refinery is in Karlsruhe. Technologieregion Karlsruhe promotes high-tech industries, employing over 22.000 workers, with 20% of the region’s jobs in research and development. EnBW, one of Germany’s biggest electric utility companies, is also headquartered there. As for DFCC, we understand it was President Premadasa’s refusal to allow DFCC and NDB to be, that further added to his death warrant.

SL Telecom Training Centre (SLTTC) engineering grads are obtaining England’s expensive Hertfordshire and Pearson Degrees! ee recalls Pearson’s earlier role as in undermining DJ Wimalasurendra and the Laxapana project  (Who’s Afraid of Wimalasurendra? ee 01 Aug 2020)

• Meanwhile in LaLa Land: Sri Lanka’s ‘Dumbara Weaving’ has been recognized as a ‘UNESCO World Cultural Heritage’, while JAT Holding and National Apprentice Industrial Training Authority are developing ‘woodcraft’. Ooh la la, the whites love our handicraft, woodcraft etc. But the children of Dumbara will not wait or follow the handicraft of their mothers and fathers, to live impoverished lives, with handicraft prevented from turning into modern industry. Instead, they’ll come to Colombo to lead impoverished lives (ee Industry).

The UN is heavily implicated in the multinational ‘charity’ and ‘donations’ fraud. UNFPA SL this week announced its ‘provision of essential equipment (Wheelchairs, Commode wheelchairs, Walking sticks, Air mattresses, Digital thermometers, Folding Beds, Emergency stretchers, BP meters – Electric, Glucometers, Walkers, Cooking Utensil sets, Folding Mattresses) to help elderly in Galle and Matara. Why doesn’t the UN consider supporting the production of these items in the south, rather than subverting such endeavors thru publicized philanthropy? Where is this equipment from? Which multinational will supply the parts for this magnanimity when repairs are needed? Our grovelling media refuses to ask such questions.

• To ensure their dominance, the capitalist nations embarked on ‘a forward-looking strategy to contain civil wars and revolution’ through controlled commitment to ‘development’ in our countries. The basis of investment and aid flows has been expanded and multilateralized so as to involve, besides private investors and governments, nonprofit-making organizations – NGOs.

     The US government’s State Department and its USAID have set up NGOs with academics, ‘civil society’, and corporate executives on its governing boards, to promote  ‘development strategies’ both among the US public and in non-settler colonial countries. Such NGOs were considered more suitable at ‘intervening effectively in the domestic affairs of a developing country’ to ‘counter the anarchy and subversion of a world seized by the revolution of rising expectations’.

     Analyzing employment creation, nutrition, and relieving poverty, promising ‘development’ as an alternative to revolution then came to ‘dominate the social science programs of institutions and individuals funded by the Western powers’ (adapted from SBD de Silva, The Political Economy of Underdevelopment).

Import substitution (IS) policies, adopted after nominal decolonization, were sabotaged in various ways. 1) IS policies were limited, producing mainly non-essential goods. 2) ‘Precapitalist agrarian relations’ (e.g., barter vs monetization or commercialization of harvests) limited the growth of a ‘home market’, preventing symbiotic growth between town and country. Merchant capital remained powerful enough to undermine the government’s efforts to foster industrial capital. Merchants resisted protectionist policies ‘with boundless ingenuity’. 3) IS policy was ‘subverted’ by exogenous forces mediating through agencies such as the IMF, World Bank and Asian Development Bank and a consortia of commercial banks. They utilized the debt crisis in the periphery to impose the preconditions for the entry of multinational capital.

     Transforming dominant merchant capital into industrial capital, requires several measures, political, economic and military. Import substitution is only one policy in itself, needing a number of other measures.

     The fundamental objective is to birth a new class – an industrial bourgeoisie, whose ethos and interests are totally different a dominant merchant bourgeoisie. ‘This class does not merely concentrate money wealth in its hands – like the landlord, the merchant and the usurer. The new class would capitalize this wealth within the capital-labour relationship. This metamorphosis of capital requires restructuring both internal class relations and the relation of the bourgeoisie as a whole with foreign interests.’

     Export-oriented industrialization and the accompanying policy package which exposes the economy to foreign competition, result in enervation and emasculation of indigenous industrial enterprises. Indigenous and foreign capital become involved in an unequal relation; when they are in partnership, the foreign interests control capital flows, technology and production proceeds, and marketing outlets, subserving a profit centre abroad (adapted from SBD de Silva, PEU).

• The ongoing US destabilization of Ethiopia involves the largest single-unit Virginia National Guard mobilization since WW2. The National Guard will be backing up the military contingency force, known as Horn of Africa CJTF – Combined Joint Task Forces – part of a wider US military bootprint in Africa, not just in the Horn.

     The US announced in March 2021, its national security strategy would be indistinguishable from plans for a new economic strategy at home and overseas. The US is grabbing mineral resources across the African continent and in the Arabian/Nubian Shield – hence, its more-deeply embedded bootprint in Africa.

     The US Department of War said it’s also focused on the potential for mass migration to Europe and North America, and to keep shipping routes and waterways ‘protected and open’.

     California Congressman Brad Sherman this week suggested blocking trade going in and out of Ethiopia and Eritrea thru the Red Sea and Gulf of Oman. Overreacting to a Chinese base, beside an older US base, in Djibouti, prepare for more white mischief.

     The US wants to overthrow the government of Ethiopia PM Abiy Ahmed. The constant media about Ethiopian genocide in Tigray, are ‘like those that usually precede US bombing campaigns, as they did in Libya and Syria’. The English Guardian also claims ‘genocide is imminent and we must act’. One of the Guardian authors was a former UNDP head, whom WHO Chief Tedros Ghebreyesus – former TPLF minister – had appointed to co-chair the WHO’s Independent Panel for Pandemic Preparedness & Response. Genocide claims have been debunked by UN and Ethiopian Human Rights Commission investigators. Yet many media outlets, most of all CNN and its foreign correspondent Nima Elbagir, are pushing the US to disregard the UN report and adopt a domestic designation of ‘genocide’.

     Disputes over the Grand Ethiopian Renaissance Dam, which US-ally Egypt opposes, diverts from regional economic cooperation. Meanwhile, a leaked video shows former and current western diplomats meeting a senior TPLF spokesperson, despite US neutrality claims. A so-called civil-society organization (Peace & Development Center Ethiopia – pdcethiopia.org – USAID/NED-funded) thus platformed a known leader of a nationally declared terrorist group, the TPLF – spokesperson Berhane Gebre-Christos, stating they wanted to create a ‘transitional government,’ to topple the legitimately elected Ethiopia government, and Western and former diplomats there agreed with him. Current and ex-diplomats joining a group plotting a coup!

     After the video was released, many so-called PDCE board and founding members very quicky claimed they had in fact not been playing the role suggested by the video and the organization’s website (see ee Sovereignty)

• For Sri Lanka, with its huge and largely untapped mineral & energy resources – eg, iron, graphite, the Mannar Basin – US strategy in Africa’s Congo provides valuable insight: ‘Cobalt, a key metallic element used in lithium batteries and other green technology, is sourced from exploited labor in the Congo.’ English media blame China, but the US Africa Command is indirectly policing mining operations to profit US corporations.

     More recently, US President Biden’s International Trade Administration declared: ‘With total mineral wealth estimated in the tens of trillions of dollars,’ what is now called the Democratic Republic of Congo (DRC) ‘offers opportunities for US firms with a high tolerance for risk.’ The role of the Africa Command is to reduce that risk. The US Dept of War says Africa ‘has a plethora of strategic materials… cobalt, chromium, tantalum, and more. African resources are critical to 21st century progress’ (read: US corporate dominance).

     English media and NGO reports against China omit that China’s Molybdenum is owned by US institutional investors: JPMorgan Funds, Vanguard Total International, Vanguard Emerging Markets, BlackRock, and others. Amnesty International traces the ‘downstream’ supply chain of Chinese-acquired cobalt to Asian, European and US corporations. (ee Industry, Africom)

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B. Special Focus__

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B1. The IMF Has No Clothes

‘Emerging Markets’ – a catchier brand than ‘Third World’

was coined by a former World Bank official setting up an ‘equity fund’…

When speaking of ‘market forces’, it’s important to know the dominant players in Asia are Japanese banks such as Sumitomo, Sakura, Mitsubishi, Fuji, Bank of Tokyo

Most countries have no control over the IMF. The IMF’s highest decisions are theoretically made by a Board of Governors (1 governor & 1 alternate governor for each of 184 member countries). But most policy is set by the Interim Committee, aka International Monetary & Financial Committee (IMFC) of 24 governors, who meet twice a year and direct the Executive Board (EB, of 24 directors & a Managing Director).

     Still, the visible power behind the IMFC and Board of Governors is the G7 Finance Ministers, the critical shareholders of the IMF. Voting power in the EB reflects the quota given to each member state. The US has the most votes, then Japan, Germany, France, England, Italy, Canada. These G7 countries hold almost 50% of the votes. The IMF does nothing without the G7, led by the US. Some decisions require a simple majority: eg, to approve loans, the EB in practice works by consensus; other decisions require 70% majority, where the G7 has veto power. Major decisions need 85% super-majority, eg quota increases, where the US has veto power!

Every year the IMF recruits about 100 new economists

from Harvard, Stanford, MIT, Chicago, Oxford, Cambridge, & London School of Economics.

The IMF employs 2,600 people, including lawyers, computer technicians, etc.

Economists number over 1,000, with tax-free salaries, flying business class, staying in deluxe hotels.

The IMF is in Colombo from December 7-20 to surveil (spy on) the Sri Lankan economy. IMF Mission Chief for SL Masahiro Nozaki said, a staff team will ‘conduct the 2021 Article IV consultation with Sri Lanka. The IMF has not received a request for financial support from Sri Lanka recently, but the staff stands ready to discuss options if requested.’

      When the Sri Lankan government submits to the IMF, the IMF will issue a ‘Letter of Intent’. This details the promises, governments have to make in exchange for a loan. This IMF letter is ‘confidential’ and cannot be viewed by anyone outside the IMF. Under Article IV of IMF’s Articles of Agreement, the IMF holds regular bilateral discussions with all member countries to review economic developments and policies; following approval by IMF Management, the IMF’s Executive Board discusses a Staff Report based on these discussions.’

     The media has not explained what Article IV exactly means, nor told us IMF delegates’ names and which countries and interests they represent. They will stay in expensive hotels and eat expensive foods, and Lankans, foreign reserves or no foreign reserves, will have to pay for the pleasure of them doing so, in dollars. The media also has not told us who this IMF A-IV delegation is meeting or what they discuss. So much for transparency!

     The IMF’s main functions are to spy (A-IV) and to loanshark (‘insurance’). The IMF’s most important function here, however, is to underdevelop Sri Lanka, restricting our role to supplier of raw materials to industrialized countries, whose interests the IMF represents. To ‘maintain the disparity’ as the US State Dept’s Kennan once asserted (ee intro).

     The IMF’s A-IV consultations, occurring at most only every 12-18 months, are ‘negotiated ex ante with the systemically important countries’. ‘Ex Ante’ means the US and the other Gang of 7 (G7) countries ‘exercise agenda control’. So what is the US agenda?

     In 1941, one week after Japan’s Pearl Harbor attack, US Treasury Secretary Henry Morgenthau Jr ordered his international affairs assistant, Harry Dexter White, to establish a fund for the whites to ‘provide the basis for postwar international monetary arrangements’. White then joined English economist John Maynard Keynes to draft the plan to create the IMF and the World Bank – approved at a 1944 conference in Bretton Woods, New Hampshire.

     The IMF’s anchor is the US dollar, whose value was pegged to gold. Upon joining, each member deposited money called a ‘quota’, into the Fund, 25% in gold or hard currency. For a country to change its foreign-exchange rate by more than 1%, it needed IMF consent, and could draw hard currency from the IMF.

     When the US fell into inflation, making the gold price a bargain, the US removed the gold peg. After 1973, with the world’s major currencies moving according to ‘market forces’, the IMF changed its rules to allow each member to determine rates. With the death of the fixed-rate system, the IMF found new roles. During the 1970s oil shocks, the IMF ‘recycled’ revenues from petroleum-producing countries to developing countries, and during the 1980s it became heavily involved in resolving the Latin American debt crisis.

     The IMF, etc, are controlled by the US Treasury, Federal Reserve, World Bank, US State Dept and National Security Council, and their counterparts in other governments belonging to the G7 major industrial countries. But the US Treasury dominates them all on behalf of its capitalist class.

     The US Treasury used the IMF, WB and World Trade Organization to ‘liberalize, deregulate and privatize’ capital flows and world markets. International trade in many goods and multinational manufacturers’ investment in overseas factories, were declared ‘free’. The IMF’s globalizers then demanded elimination of national barriers to foreign funds. Countries had to establish modern stock and bond markets to finance their industries instead of relying on banking systems. Money poured into ‘emerging markets’, most of it ‘hot’ – sold or withdrawn quickly by portfolio managers, commercial bankers or currency traders in faraway offices – by hitting a computer key.

     The ‘Electronic Herd’ – mutual funds, pension funds, commercial banks, insurance companies, and other professional money managers – dominated capitalist interactions; when they failed, demanded state bailouts.

     The US Treasury undersecretary for international affairs flew into Seoul in 1997 to deliver US government dictat. The main goal was to prevent the ‘Asian Contagion’ from melting down the US economy. Mexico, South Korea, Brazil, were bailed out twice; in 2008, despite all the laissez-faire claims, US banks and corporations were also bailed out, and continue to live off government welfare. The US Treasury is described as a handmaiden of Wall Street. But Wall Stt itself is the handmaiden of its biggest capitalists.

     The Sri Lankan economy is now rated also by many biased corporate entities (including US-state-regulated and private-bank-funded ratings agencies – Fitch, Moody’s-ICRA, S&P, financial analysts and bought-off economists), who provide more frequent and updated data on both sovereign and private debt to their clients. Yet like the IMF, whose claims to be ‘independent’ and free of political control are just not true, all these agencies have severe conflicts of interest.

     Friendly critics advise the IMF to separate surveillance and lending functions to dilute charges of conflict of interest. This would enhance ‘the independence and credibility of the Fund’s technical judgment’.

     Yet, the white G7 finance ministries, in particular the US Treasury, still control the IMF agenda, as the IMF’s dominant ‘shareholders’. Despite all talk of ‘democracy, transparency’ etc, the IMF remains a white bastion (controlled by the G7). In fact, the IMF is another name for the US Treasury, which exercises virtual veto power over its analyses and decisions.

     These ‘guardians of global financial stability’ have been noted for ‘scrambling, floundering, improvising, and striking messy compromises’. These compromises ‘are driven often by incentives to rescue the creditors of industrial countries’. This was most evident in 1997:

The ultimate nightmare was default, meaning the government, the nation’s banks, and virtually all the major corporate names in Korea Inc, eg Hyundai, Daewoo, Samsung, would not be able to obtain enough dollars to make payments due to foreign creditors and suppliers.

The other aspect: the IMF does not wish to allow regional financial alliances to develop, and have opposed ‘regional branches acting as the principal regional institutional mechanisms for coordination and surveillance, leaving a smaller central core to focus on global systemic issues’.

     The US and its NATO allies are meanwhile waging deadly wars at crucial nodes (East Africa, Red Sea, Gulf, Afghanistan, Myanmar, North Korea) to prevent regional economic, industrial and alternative financial linkages in Asia and the Indian Ocean.

• IMF the IMF! – The IMF is itself guilty of all the bad economic practices and ‘corruption’ it accuses our countries of. Much of its income is from ‘rents’, ie, because of its monopoly on providing loans, especially by preventing loans from other major sources, and then extracting political concessions such as privatization, deregulation, liberalization.

     The IMF thus operates like a loanshark, and depends on countries not repaying debts immediately, getting into further debt, then not being able to find lenders:

For most developing countries, the Fund’s insurance role – short-term balance-of-payments support during times of crisis, when countries cannot avail of any other sources of external finance – has been its most important function. That’s when the Fund has most power, and where controversy over its use…most manifest

     The IMF (& its puppets) hate when countries pay back loans quickly. A shrinking customer base means falling revenues. This is why their puppet economists have been poo-poohing ‘swaps’ between regional banks, etc. The IMF’s own budget depends on delayed payments, etc. Several countries have prepaid their IMF debts, causing the IMF’s loan book to sink to its lowest in the past quarter century. Worse, countries have pursued industrialization, which the IMF opposes.

The IMF’s personnel expenses amount to at least 70% of its budget. Attempts to reform the IMF pension plan were scuttled by its industrialized countries Executive Directors, who said they bowed to pressure from white staff, since: ‘few nationals from their countries would be willing to join the IMF if the compensation package were less attractive. This means that developing countries are subsidizing the ability of rich countries to have their nationals on the IMF staff. The IMF could easily reduce the costs of IMF loans and interest it charges, by reducing its administrative costs.’

     ‘The IMF like the IBRD is cost-plus lender and therefore has had little incentive to make the sorts of hard choices that are forced on its clients.’ Instead, the IMF has increased the cost of borrowing, ‘and along with high administrative expenditures, the financial costs of IMF loans are high’. This does not include the political costs incurred by governments forced to swallow IMF medicines.

     ‘The Fund collects rents that it enjoys as a monopolist. These advantages are however dissipating as alternative sources of insurance and counter-cyclical flows become available to developing countries.’

     The IMF demands countries take standard cost-cutting steps ‘to overhaul compensation policies, develop more flexible (internal) labour markets, greater decentralization and outsourcing to lower cost locations’.

     Yet IMF staff are paid huge salaries & generous expatriate benefits: home leave, education, the G5 (medical, disability, life insurance, pensions & retirement benefits, paid time-off, + fringe benefits), and the ability to ‘import’ domestic help. IMF staff receive major benefits in non-monetized form, from education for children to home-leave travel allowances. The IMF meanwhile tells governments to monetize all benefits so that they are clear and transparent. A comparison between IMF employees and Sri Lanka’s public servants would be quite revealing:

     The 2007 value of a pension due to an IMF staffer retiring after ~25 years: ~$5-6million. While the IMF demands countries ‘move from defined benefit-regime to defined contribution-system’, its own compensation policy remains wedded to a defined benefit pension system, one of the last bastions in the world.

     The IMF’s standard prescription is to argue for ‘wage decompression’ to allow more flexibility to hire staff with special skills, especially at senior levels. Yet the IMF has failed to follow its own advice. Unlike most of its member states, senior IMF staff are highly compensated.

     Our ruling class is so deep in the pocket of the whites, they refuse to explore alternatives outside the IMF which could give us ‘greater bargaining leverage with the Fund but also, by increasing competition, spurring the institution to better performance’.

     Most IMF’s functions can be carried out through alternative institutional arrangements. Underdeveloping countries can develop alternative insurance mechanisms, from a higher level of reserves, to regional co-insurance facilities, to remittances as a counter-cyclical source of foreign exchange.

     There are huge political costs that ensue from IMF loans. Decades of terror and war should have taught us this by now. But the merchants refuse to remove their claws and suckers out the veins of Sri Lanka, to allow an industrial class to emerge. (info from: Beyond the IMF, Devesh Kapur)

_____________

B2. The Urgency of Wage, Energy, Land-bank & Remittance Policies – Tennekone Rusiripala

People who come to power with thumping majorities think there cannot be anything opposing their fancies. Hence, the springing of the Yugadanavi agreement and the fiasco following it.

     There are many facets to the dispute surrounding the Yugadanavi affair. Engineers of the Ceylon Electricity Board are up in arms on the line of Trade Union opposition, attributing national interest. Certainly trade unions are forerunners in instances of new policy enunciations. Their role in such regard falls within the scope of ‘unions are partners of social progress’. But in this instance their protest actions against the Yugadanavi devolve into other grievance areas, such as the plan contemplated for restructuring the CEB administration.

     For those viewing the matter from outside, it appears that the urgent measures CEB invariably introduce to reorganise its operations run into havoc, causing a huge debt as a liability to the State and thereby to the people. We may need to write several chapters to explain this state of affairs properly but it would suffice for the current purpose to state that the Treasury, State banks and the domestic debt position are all severely affected due to the operational maladies of the CEB over a long period of time.

     Therefore, the concerns of the CEB Engineers Union against the restructuring plan have to be more fully explained before they engage in any protest campaigns. Otherwise there can be misreckoning regarding their objectives and national interests. Since there are many experiences of unions vociferously opposing reorganisation plans because of their rights and privileges which they would like to safeguard at any cost to the nation or otherwise.

     Then come our representatives in Parliament. Some are opposing anything and everything. Certain others oppose something to secure their precarious standing to prevent the fall of the Sword of Damocles hanging over their head, because of the situation they’re facing, for something very bad could happen to some of them without the favour of Government. The Easter Sunday fracas is still hot!

     Then there are others who truly want to defy anything that happens bypassing them. This agreement, according to the news, has been brewed, manipulated and entered into disregarding the existence of many whom they presume are important pillars in the Government structure. They have chosen to oppose it knowing very well that it is as risky for them as for the Government to overlook them. It is also possible that they are a part of a power struggle inside, best known to them and so prompted.

     There’s also a group hell-bound to provoke the elimination of appendages of the Government by inciting them to oppose the agreement so they will be stronger in Government once the victims leave.

     The grand finale was the tabling of a copy of the agreement hitherto remaining behind closed doors by JVP Leader Anura Kumara Dissanayake in the Parliament during the Budget debate.

     But what transpired was not as dramatic as it was expected to be. Other than to pinpoint one major aspect relating to this agreement of a non-disclosure clause, he failed to highlight any adverse terms or conditions embodied in the agreement, harmful to the nation or the national interest.

     This is not the first time that the Government has entered into agreements with international companies as investors on 49-51% sharing basis. There cannot be anything so detrimental in that. But what is important is if there are any conditions that are against the sovereign rights of the country or going against the broader public interest. The failure to highlight any of those leaves us with many questions unanswered.

     Foreign-exchange crisis & reserves position – Many critics from the Opposition kept on hitting at the fact that the country’s foreign reserves have reached an unprecedented low. But here again they failed or ignored to spell out alternate options except to reiterate their ex-boss’s view of suggesting to seek solace in the IMF.

     Wickremesinghe is well known to have no qualms about the matter because of his inclinations to the West, come what may. But there’s no logic in trying that as the remedy of the last resort, when we can effect or attempt to effect some measures with long-term benefits through possible inward domestic adjustments. If we can use our bilateral arrangements to sort out matters, no one can blame.

     But the CBSL has to review the foreign remittances from those employed abroad by offering meaningful incentives to promote official inward remittances. An incentive will be effective and attractive only if it provides concessions out of the normal. There is no logic in pushing them to chase behind Rs8 or 10 more when the sharks outside are ever ready to offer about Rs30-40 per US$.

     Laws and restrictions play a secondary role; as we are aware, orderliness has to be in place before everything else. In this modern world with digital operations, people have many avenues if they do care about how they should transact or deal with their hard-earned earnings. It was a welcome move by the Governor to explain the current requirement of converting foreign-exchange balances in the accounts of local banks which the commercial banks have been mishandling. The need to convert the balances applies only to export earnings & investment funds. Even in the case of export earnings there is leeway for the exporters to utilise the monies for their raw materials etc for future productions.

     We remember the time NM Perera as the Minister of Finance introduced the Convertible Rupee Account System. If you bring in 100 net you are entitled to use 25 without any restrictions at your wish. This was a good scheme because it provided some relief to genuine foreign-exchange earners.

     Our public service is one of the most poorly paid sectors. It is also ipso facto a most poorly performing sector. If the country has to move forward what is required is not to fatten this white elephant any more but to make full use of it, looking after their welfare as well as improving their performance. I for one hail and appreciate the concerns expressed by the Finance Minister about this need and look forward to immediate drastic action in this regard. I trust that the Government will seriously address the National Wage Policy issue and bring some uniformity in the salary structures of all public sector bodies without any distinction of whether they make profits or not.

     Government Service – …The public sector of this country is badly in need of a complete revamping… I once met a President and told him there is a big need for a National Wage Policy because of certain serious irregularities in the wages and salaries structures in the country. I mentioned a few places where wages and salaries were extremely disproportionate with the rest of the State sector although they too were SOEs (highly loss-making). To my extreme delight and surprise this President complemented my view by mentioning a few other places that he knew to have this aberration. I requested he initiate some action during his tenure. But, alas, what was happening happened.

     We have a Land Reform Commission owning 10,000s of acres of land idling for several decades, the exact locations of which are not clear even to some of the officials. It is a national treasure which cannot be valued. If developed we need not import any agricultural products into this country. The actual plight is investors will have to go round or go through a broker who will find land for them. BOI was deaf and blind about these ground realities. Problem with them was they are not sensible and practical people having their feet on the ground. Recruiting specialists paid millions will have hardly any effect. You can never develop this country without addressing the resource base specially our invaluable wealth in land.

     Investments & BOI – We noted an ongoing fracas in the Board of Investment, the institution created to monitor, promote and develop (Foreign Direct/FDI) investments in the country. The entire Board of Directors tendered resignations but we also heard that the resignations were not accepted… We do not know why the Government wants them to continue, but the public view and the performance record available to the country is far from satisfactory. The BOI is one place which has miserably failed in the basics to revamp the country’s economy. Its failure became obvious and visible during the period of the pandemic. The agricultural produce, the transport systems & distribution mechanisms, non-availability of large-scale well-organised agricultural products & producers caused havoc and continuing to affect the livelihood, inflationary trends and basically the food security of the country.

     There is a wide spectrum and a multifaceted scope which the BOI never addressed looking at the future of the country. I have witnessed many times investors being sent away or discouraged due to the want of land for development. Despite repeated requests being made in this regard the BOI has failed to date to provide a Land Bank Database that is available for development.

     Once at a meeting several years ago when I heard a prospective foreign investor being told that the BOI was unable to provide his land requirement, I had to jump in and challenge the sitting authorities, ‘Give me one week, I will give you thousands of acres of land suitable for development activities within a radius of 50 miles from Colombo.’

     The actual plight is investors will have to go round or go through a broker who will find land for them. BOI was deaf and blind about these ground realities. Problem with them was they are not sensible and practical people having their feet on the ground. Recruiting specialists paid millions will have hardly any effect. You can never develop this country without addressing the resource base specially our invaluable wealth in land.

     Instead of focusing only on the highly-sophisticated areas, let there be new thinking and a new approach to study, examine and implement development programs in keeping with our culture, environment and future human trends.

     To make a long story short, the President’s announcement of looking into the prospects of harnessing and developing the higher-education system with private sector investments is a welcome move to address many of our present-day as well as future needs. But he will need the services of some who are living with a common touch to successfully implement such a program. Otherwise the same fate that befell the fertiliser issue will be repeated.

– ft.lk/columns/Kings-cabbages-et-al/4-727684

__________________________________________________________

C. News Index______________________________________________

ee News Index provides headlines & links to make sense of the weekly focus of published English ‘business news’ to expose the backwardness of multinational, corporate controlled ‘local media’:

C1. Sovereignty

(ee is pro-politics, pro-politician, pro-nation-state, anti-corporatist, anti-expert, anti-NGO)

ee Sovereignty news emphasizes sovereignty as economic sovereignty – a strong nation is built on modern (machine-making) industrialization fueled by a producer culture.

• Allegation that US Envoy intervened unethically in Yugadanavi deal

– themorning.lk/allegation-that-us-envoy-intervened-unethically-in-yugadanavi-deal/

• Yugadanavi deal: SJB challenges Vasu, Udaya and Wimal to leave Cabinet

– island.lk/yugadanavi-deal-sjb-challenges-vasu-udaya-and-wimal-to-leave-cabinet/

• Public service to be slashed for IMF loan? – Government Officers’ Trade Union Association

– nation.lk/online/public-service-to-be-slashed-for-imf-loan-150348.html

• To IMF or not to IMF

– nation.lk/online/to-imf-or-not-to-imf-147096.html

• Approaching the IMF needs to be done with great caution: JVP

– themorning.lk/approaching-the-imf-needs-to-be-done-with-great-caution-akd/

• Anura Kumara says IMF will present 3 conditions

– themorning.lk/anura-kumara-says-imf-will-present-3-conditions/

• Political controversy over selling national assets

– economynext.com/sri-lanka-not-getting-foreign-investments-as-fast-as-expected-finance-minister-88799/#modal-one

• Sri Lanka hasn’t signed agreement to implement a global corporate tax rate of 15%

– island.lk/reasons-why-2021-saw-an-increase-in-global-cooperation/

• SJB: Prorogation of Parliament aimed at handing over Trinco oil tank farm to India

– island.lk/sjb-prorogation-of-parliament-aimed-at-handing-over-trinco-oil-tank-farm-to-india/

• India working on urgent economic package to aid Sri Lanka, report says

– lankaweb.com/news/items/2021/12/12/india-working-on-urgent-economic-package-to-aid-sri-lanka-report-says/

• JVP mobilizing against Adani wind power proposal in Mannar

– island.lk/jvp-mobilizing-against-adani-wind-power-proposal-in-mannar/

• Indian Trawler rams into local fishing boat in Sea of Sri Lanka

– newsfirst.lk/2021/12/16/indian-trawler-rams-into-local-fishing-boat-in-sea-of-sri-lanka/

• Indian poaching: Devananda meets US envoy

– island.lk/indian-poaching-devananda-meets-american-envoy/

• Dangerous to call for foreign intervention to pressurize SL Govt – TULF Leader

‘Tamil Media should stop the practice of conveying decisions taken by a few as unanimous decisions, leaving some concerned parties out.’

– dailymirror.lk/latest_news/Dangerous-to-call-for-foreign-intervention-to-pressurize-SL-Govt-TULF-Leader/342-226891

• Sri Lanka, Cambodia And Bangladesh Under US Sanctions: The Limits Of The US Decision

– lankaweb.com/news/items/2021/12/13/sri-lanka-cambodia-and-bangladesh-under-us-sanctions-the-limits-of-the-uss-decision/

• Rejuvenation of SL-US dialogue initiated by Lankan expatriates; Amb counters US resolution

– island.lk/rejuvenation-of-sl-us-dialogue-initiated-by-lankan-expatriates-amb-counters-us-resolution/

• Human Rights Watch urges US to ratchet up pressure on SL

– island.lk/hrw-urges-us-to-ratchet-up-pressure-on-sl-2/

• HRW: UN Experts urge reform of Sri Lanka’s counterterrorism Law

– island.lk/hrw-un-experts-urge-reform-of-sri-lankas-counterterrorism-law/

• UN Assistant Secretary-General pays courtesy call on Speaker

‘Kanni Wignaraja, UN Assistant Secretary-General and Assistant Administrator of the UN Development Programme (UNDP) and Regional Director of UNDP’s Regional Bureau of Asia and the Pacific…Robert Juhkam, Resident Representative, UNDP’

– island.lk/un-assistant-secretary-general-pays-courtesy-call-on-speaker/

• Former Chairperson of Sevalanka Foundation, is SL’s new High Commissioner to Canada

– ft.lk/news/Sri-Lanka-s-new-High-Commissioner-to-Canada-presents-credentials/56-727657

• Foreign Ministry closes Misions in Frankfurt, Cyprus, Nigeria

– newsfirst.lk/2021/12/17/sri-lanka-closes-three-foreign-missions-to-cut-costs/

• Netherlands ready to support SL in implementing commitments to UNHRC

– dailymirror.lk/opinion/The-Netherlands-ready-to-support-SL-in-implementing-commitments-to-UNHRC-Ambassador-of-the-Netherlands-Tanja-Gonggrijp/231-226833

• Govt-Civil Society imbroglio

‘The Civil Society Forum (SLCSF) of 30 organisations, includes Families of the Disappeared, Centre for Policy Alternatives, IMADR – Asia Committee, Right to Life Human Rights Centre, Women and Media Collective, Rights Now for Collective Democracy, Centre for Society and Religion, Women’s Action Network, Mothers and Daughters of Lanka, Centre for Women and Development – Jaffna, Law and Society Trust, AHAM Humanitarian Resource Center (AHRC), Trincomalee, Rural Development Foundation, Institute for Social Development, Janawabodha Kendraya, Web Journalist Association of Sri Lanka, Eastern Social Development Foundation, Human Elevation Organisation, National Fisheries Solidarity Movement, National Fisher Women’s Federation, Mannar Women’s Development Federation, Malarum Mottukal Women’s Collective, Alliance for Minorities, Rule of Law Forum, Food First Information and Action Network – Sri Lanka, International Centre for Ethnic Studies, Mannar Social and Economic Development Organisation, Citizens Committee Human Rights Centre – Gampaha, Sri Vimukthi Fisher Women Organization and Centre for Human Rights and Development.

SLCSF leaders are Paikiasothy Saravanamuttu, Gehan Gunatilleke, Nimalka Fernando, Mario Gomez, Sakunthala Kadirgamar, Rohan de Silva, Britto Fernando, K. S. Ratnavale, Shreen Saroor, Ambika Sathkunanathan, Philip Dissanayake, Kumudhini Samuel, Godfrey Yogarajah, Prabodha Ratnayake, Ameer Faaiz, Thilak Kariyawasam, Saroja Sivachandran, Aruna Shantha Nonis, Bhavani Fonseka, Ruki Fernando, Periyasami Muthulingam, Gowthaman Balachandran, Sudarshana Gunawardana, Freddy Gamage, Abdul Ramees, Sumika Perera, Marreen Srinika Nilasini, Asanka Abeyrathna, Mahaluxmy Kurushanthan, Herman Kumara, Jehan Jegatheesan, Yartan Figurado, Shantha Pathirana, A.D. Rajani, M. Kusum Silva and Vinoth Anthony.’

– island.lk/govt-civil-society-imbroglio/

• Chinese Ambassador to visit North

– newsfirst.lk/2021/12/14/analysis-india-china-jockey-for-position-at-ailing-sri-lankas-expense/

• In a rare gesture, Chinese Amb. visits historic Nallur Kovil, respects Jaffna Tradition

– newsfirst.lk/2021/12/16/in-a-rare-gesture-chinese-amb-visits-historic-nallur-kovil-respects-jaffna-tradition/

“How far away is India from here”?, Chinese Ambassador at Point Pedro.

– newsfirst.lk/2021/12/15/analysis-how-far-away-is-india-from-here-chinese-ambassador-at-point-pedro/

• “This is just the beginning”, says Chinese Ambassador as Jaffna visit ends

– newsfirst.lk/2021/12/17/this-is-just-the-beginning-says-chinese-ambassador-as-jaffna-visit-ends/

• A long way still to go to retain GSP Plus: USAID’s National Peace Council

– island.lk/a-long-way-still-to-go-to-retain-gsp-plus/

• Sri Lanka (Sinhaladeepa) is Not a Multi Ethnic Country

– lankaweb.com/news/items/2021/12/12/ref-sri-lanka-sinhaladeepa-ls-not-a-multi-ethnic-country/

• Indo-Lanka Accord, 13th Amendment and the Tamil March of Folly – Jeyaraj

– dailymirror.lk/dbs-jeyaraj-column/Indo-Lanka-Accord-13th-Amendment-and-the-Tamil-March-of-Folly/192-227196

• PM officially declares 2022 as ’Navalar Year’ for Tamils

– dailymirror.lk/latest_news/PM-officially-declares-2022-as-Navalar-Year-for-Tamils/342-227156

• ChildFund SL & Adventist Development and Relief Agency in Batticaloa with water, sanitation

‘I am very pleased that New Zealand has been able to provide these donations – Zealand High Commissioner to Sri Lanka Michael Edward Appleton’

– ft.lk/news/ChildFund-Sri-Lanka-transforms-lives-of-communities-in-Batticaloa-with-water-sanitation-facilities/56-727783

• CIA’s Afghan death squads in the guard towers caused the Kabul Airport massacre

– moonofalabama.org/2021/12/the-fall-of-kabul-story-misses-some-damning-details.html

• TLP are invaluable levers for the Pakistani Army – Indian General

– island.lk/blasphemous-reality/

• Recent US sanctions on Bangladesh: US should look at human rights situation at home first!

– lankaweb.com/news/items/2021/12/13/the-recent-us-sanctions-on-bangladesh-the-us-should-look-at-the-human-rights-situation-in-its-territory-first/

• Birth of Bangladesh – Somasundaram

– island.lk/birth-of-bangladesh/

• Blinken in futile attempt to drive wedge in SE Asia

– globaltimes.cn/page/202112/1241506.shtml

• China warns U.S. it will strike back for latest sanctions

– radiohc.cu/en/noticias/internacionales/279740-china-warns-us-it-will-strike-back-for-latest-sanctions

• US sees new ambassador Burns off with 3 attacks against China: Global Times editorial

– globaltimes.cn/page/202112/1241755.shtml

• Germany seeks more attention from China with Navy frigate Bayern crossing South China Sea

– globaltimes.cn/page/202112/1241706.shtml

• French delegation’s Taiwan visit an ‘insignificant’ stunt

– globaltimes.cn/page/202112/1241477.shtml

• US Anti-China Campaign in Uganda

– asiatimes.com/2021/12/propaganda-campaign-to-make-china-look-bad-in-uganda/

• Secret U.S. unit launched thousands of strikes on Syria

– radiohc.cu/en/noticias/internacionales/279714-secret-us-unit-launched-thousands-of-strikes-on-syria

• Week after Biden-Putin meeting, crunch time is coming

‘Russia has learnt a bitter lesson the hard way that the Westerners verbal assurances have no sanctity’

– indianpunchline.com/week-after-biden-putin-meeting-crunch-time-is-coming/

• Russia-China alliance at the tipping point

– indianpunchline.com/russia-china-alliance-at-the-tipping-point/

• A Sino-Russian military alliance is gratuitous (as of now)

‘Washington’s track record on the sanctity of international treaties is highly dubious. Therefore, how all this pans out remains to be seen. The Russia-China alliance is inextricably linked to that.’

– indianpunchline.com/a-sino-russian-military-alliance-is-gratuitous-as-of-now/

• Ukraine-Russia Makes Serious Demands, Warns Of ‘Confrontation’

‘Instead of reining in their Ukrainian protégés, NATO countries are pushing Kiev towards aggressive steps.’

– moonofalabama.org/2021/12/ukraine-russia-makes-serious-demands-warns-of-confrontation-.html

• The Maidan Massacre in Ukraine: Revelations From Trials and Investigations

– newsclick.in/The-Maidan-massacre-Ukraine-revelations-trials-investigations

• Humanitarian Hawks Demand War on Ethiopia, National Guard Deploys to the Horn

– blackagendareport.com/humanitarian-hawks-demand-war-ethiopia-national-guard-deploys-horn

• How the Left Can Get Ethiopia Right: The Good, the Bad, and the Ugly with #NoMore

– blackagendareport.com/how-left-can-get-ethiopia-right-good-bad-and-ugly-nomore

• 2021: Uprising in the Islands of Guadeloupe and Martinique

– blackagendareport.com/2021-uprising-islands-guadeloupe-and-martinique

• Deportations of Haitian asylum seekers are in violation of US law

– blackagendareport.com/internal-document-shows-dhs-officials-advised-against-haitian-deportations-fearing-they-could

• Frederick Douglass and US Empire in Haiti

– blackagendareport.com/frederick-douglass-and-american-empire-haiti

• ‘A Radical Turning Point’? Democracy in Honduras

– socialistproject.ca/2021/12/radical-turning-point-democracy-in-honduras/

• Honduran Dreams, Yankee Realities

‘the Biden administration will continue to flood the country with uncharted billions in ‘humanitarian’ and ‘development’ aid’

– newleftreview.org/sidecar/posts/honduran-dreams

• Rafael Correa denounces U.S. ambassador’s interference in Ecuador

– radiohc.cu/en/noticias/internacionales/280029-rafael-correa-denounces-us-ambassadors-interference-in-ecuador

• Spectre of war is haunting Europe

– indianpunchline.com/spectre-of-war-is-haunting-europe/

• They’re Killing Him: Assange’s Stroke Reveals The Western Version Of The Saudi Bone Saw

– newsclick.in/they-re-killing-him-assange-stroke-reveals-western-version-saudi-bone-saw

• Voluntourism and Canadian Imperialism /w Shreya Ghimire

– socialistproject.ca/podcast/voluntourism-and-canadian-imperialism-w-shreya-ghimire/

• US military has killed thousands of civilians in 20 Years

– island.lk/democracy-and-hellfire/

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C2. Security (the state beyond ‘a pair of handcuffs’, monopolies of legitimate violence)

ee Security section focuses on the state (a pair of handcuffs, which sposedly has the monopoly of legitimate violence), and how the ‘national security’ doctrine is undermined by private interests, with no interest in divulging or fighting the real enemy, whose chief aim is to prevent an industrial renaissance as the basis of a truly independent nation.

• Coca-Cola, McDonald’s, Nestlé, & PepsiCo exploited the public-health emergency

– sundaytimes.lk/211212/sunday-times-2/stopping-the-for-profit-pandemic-465081.html

• Sri Lanka’s moratorium on executions on 45th year now

– newsfirst.lk/2021/12/18/sri-lankas-moratorium-on-executions-on-45th-year-now/

• Armed forces committed to ensuring national security, development: Defence Secy.

– ft.lk/news/Armed-forces-committed-to-ensuring-national-security-development-Defence-Secy/56-727655

• Your outcome should justify every cent spent on you, Shavendra tells army officers

– themorning.lk/your-outcome-should-justify-every-cent-spent-on-you-shavendra-tells-army-officers/

• Inter-Parliamentary Union adopts unanimous decision on arrest of Rishad Bathiudeen

– island.lk/inter-parliamentary-union-adopts-unanimous-decision-on-arrest-of-rishad-bathiudeen/

• Defence Secretary dismisses allegations against Head of SIS

– island.lk/defence-secretary-dismisses-allegations-against-head-of-sis/

• Fatwa against Sufi by Gvoernment Bill – Nalin de Silva

– kalaya.org/?p=4811

• State law, Common law and Religious law – Nalin de Silva

– kalaya.org/?p=4808

 • Dr. Shihabdeen not acquitted from charges against him: Ven. Rathana

– dailymirror.lk/latest_news/Dr-Shihabdeen-not-acquitted-from-charges-against-him-Ven-Rathana/342-227159

• Easter Attacks: SIS Chief apologized for not sharing intel, says Ruwan

– newsfirst.lk/2021/12/14/easter-attacks-sis-chief-apologized-for-not-sharing-intel-says-ruwan/

– island.lk/ex-state-minister-of-defence-informs-court-sis-chief-apologised-for-not-alerting-him/

• Release of 10 PTA detainees on bail – Collective for Consensus

– lankaweb.com/news/items/2021/12/13/release-of-10-pta-detainees-on-bail-must-become-part-of-process-of-positive-change/

• Resolution of disputes is the central function of the judiciary.

– sundaytimes.lk/211212/sunday-times-2/resolution-of-disputes-the-way-forward-464934.html

• No change in “rich and varied” personal laws specific to Muslims, Kandyans & Tamils

– sundaytimes.lk/211212/columns/foreign-minister-says-no-change-in-rich-and-varied-personal-laws-specific-to-muslim-kandyan-and-tamil-communities-465165.html

• Presidential Task Force on Archaeological Heritage Management in the Eastern Province.

– sundaytimes.lk/211212/columns/foreign-minister-says-no-change-in-rich-and-varied-personal-laws-specific-to-muslim-kandyan-and-tamil-communities-465165.html

• Sri Lanka president makes two key appointments to human rights commission

– economynext.com/sri-lanka-president-makes-two-key-appointments-to-human-rights-commission-88826/#modal-one

• Sri Lanka to amend laws on capital punishment for minors

– economynext.com/sri-lanka-to-amend-laws-on-capital-punishment-for-minors-88817/#modal-one

• US ready to counter China with a Senate approved $777.7Bn defence budget

– newsfirst.lk/2021/12/17/us-ready-to-counter-china-with-a-senate-approved-777-7bn-defence-budget/

• Republicans ask Santa to bring more ammunition

– island.lk/republicans-ask-santa-to-bring-more-ammunition/

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C3. Economists (Study the Economists before you study the Economics)

ee Economists shows how paid capitalist/academic ‘professionals’ confuse (misdefinitions, etc) and divert (with false indices, etc) from the steps needed to achieve a modern industrial country.

• DEW says most countries struggling to overcome worst-ever economic crisis

– island.lk/dew-says-most-countries-struggling-to-overcome-worst-ever-economic-crisis/

• Brazil expels IMF office over growth forecasts

– ft.com/content/5708a07a-11ce-4eb7-8e39-bd575e96ca03

• Why we need a Marketing Department right now – Karunaratne

– lankaweb.com/news/items/2021/12/11/why-we-need-a-marketing-department-right-now/

• How did we Lose Dollars – Nalin De Silva

– kalaya.org/?p=4797

• We need a Plan – Nalin De Silva

– kalaya.org/?p=4794

• The way out from severe health and food crisis facing Sri Lanka – Vitharana

– island.lk/the-way-out-from-severe-health-and-food-crisis-facing-sri-lanka/

• Black, White & Grey Markets: The dynamics of foreign exchange & remittances – Weeraratne

‘Future efforts to increase remittances should not underestimate the resilience of informal remittance channels crafted along the centuries-old method of Undiyal or Hawala’

– island.lk/black-white-and-grey-markets-the-dynamics-of-foreign-exchange-and-remittances-in-sri-lanka/

• Need for a professional administrator as Treasury Head Parts 1 & 2

– lankaweb.com/news/items/2021/12/16/need-for-a-professional-administrator-as-treasury-head/

– lankaweb.com/news/items/2021/12/16/need-for-a-professional-administrator-as-treasury-head-part-02/

• No option but to turn to the IMF: Rockefeller Pathfinder perspective

– lankaweb.com/news/items/2021/12/16/pulling-back-from-the-precipice-a-pathfinder-perspective/

• Foreign bond-holders bought debt at discounts get windfall returns each time government pays

– sundaytimes.lk/211212/business-times/strong-call-for-realistic-government-policy-464580.html

• IMF assistance is the least costly and most advantageous – Sanderatne

– sundaytimes.lk/211212/columns/will-indian-assistance-resolve-lankas-balance-of-payments-crisis-465089.html

• IMF is the option, but it is too late now – Wijewardena

– ft.lk/columns/Falling-forex-reserves-and-policy-errors-When-will-our-policy-leaders-come-to-their-senses/4-727405

• Problem is denying 2 main sources of foreign exchange earnings: Exports & FDI –Abeyratne

– sundaytimes.lk/211212/business-times/remembering-the-gala-time-464592.html

• From handout to handout, Lanka’s hand-to-mouth life

‘Govt. snubs IMF succour and opts to bend knee to India and China’

– sundaytimes.lk/211212/columns/from-handout-to-handout-lankas-hand-to-mouth-life-464926.html

• Broad SOE reforms urged for SL to regain confidence of external creditors – R. Samarajiva

– dailymirror.lk/business__main/Broad-SOE-reforms-urged-for-SL-to-regain-confidence-of-external-creditors/245-226748

• The Urgency of State Owned Enterprise Reforms’ – US Advocata Institute

‘527 SOEs and 55 of them are classified as SOEs of strategic importance by the Treasury.’

– dailymirror.lk/business__main/Broad-SOE-reforms-urged-for-SL-to-regain-confidence-of-external-creditors/245-226748

– ft.lk/front-page/Time-to-bring-SOE-privatisation-to-the-policy-table-Advocata-panel/44-727716

• Sri Lanka is presently mainly focusing on economic diplomacy – Foreign Secretary

– adaderana.lk/technology/79227/sri-lanka-is-presently-mainly-focusing-on-economic-diplomacy-foreign-secretary

• Asian Development Bank lowers SL’s growth outlook in 2022

– ft.lk/front-page/ADB-lowers-SL-s-growth-outlook-in-2022/44-727785

• Fitch downgrades Sri Lanka sovereign rating to CC

– economynext.com/fitch-downgrades-sri-lanka-sovereign-rating-to-cc-88922/

• Sri Lanka’s international standing suffers another blow with Fitch rating downgrade

– timesonline.lk/news-online/Sri-Lankas-international-standing-suffers-another-blow-with-Fitch-rating-downgrade/2-1136287

• Elevated prices to persist through next few months: ICRA Moody’s

– dailymirror.lk/business__main/Elevated-prices-to-persist-through-next-few-months/245-227186

• Sri Lanka was [sic!] rich in resources – Korean Ambassador

‘Korea without any such resources was developed to the status of the 12th developed country in the w – dailymirror.lk/print/front_page/Sri-Lanka-was-rich-in-resources-Korean-Ambassador/238-226637orld’

• US Inflation can Have Disastrous Effects in India

– newsclick.in/american-inflation-can-have-disastrous-effects-india

• China & Russia step up trade network to reduce reliance on US-led financial system

– scmp.com/news/china/diplomacy/article/3159941/china-and-russia-pledge-step-efforts-build-independent-trade?utm_source=Twitter

• “Ten crises: The political economy of China’s development” – Wen Tiejun

‘The new leadership was dedicated to the long-term goal of developing China into a modern, industrialized, socialist economy’

– mronline.org/2021/12/12/ten-crises-the-political-economy-of-chinas-development/

• Japan admits overstating some Government economic data for years

– ft.lk/news/Japan-admits-overstating-some-Government-economic-data-for-years/56-727725

• Turkey’s Inflation Is Erdogan’s Hail Mary Move To Save Himself From IMF Interference

‘In 2013, at the hight of his success as politician and shortly before he became president, Turkey was immensely proud to have paid back its last IMF loan’

– moonofalabama.org/2021/12/turkeys-inflation-is-erdogans-hail-mary-move-to-save-himself-from-imf-interference.html#comments

• Brazil: The End of Bolsa Familia, Lula’s New Alliance, & Sergio Moro’s bid for the Presidency

– socialistproject.ca/2021/12/brazil-end-of-bolsa-familia/

• The central bankers’ dilemma – Roberts

‘the profitability of capital accumulation in all the major economies remains depressed and near all-time lows despite a recovery in 2021’

– thenextrecession.wordpress.com/2021/12/16/the-central-bankers-dilemma/

• Global debt reaches record 226 trln USD in 2020 amid pandemic: IMF

– news.cn/english/2021-12/16/c_1310374991.htm

• US jobs growth falls far short of economists’ predictions

– dailymirror.lk/business-news/US-jobs-growth-falls-far-short-of-economists-predictions/273-226743

• US Fed to follow John Law for time being as inflation hits records in the US and Sri Lanka

– economynext.com/fed-to-follow-john-law-for-time-being-as-inflation-hits-records-in-the-us-and-sri-lanka-88844/

• US inflation bubble fired in March 2020, Fed cannot stop it in a hurry: Steve Hanke

– economynext.com/us-inflation-bubble-fired-in-march-2020-fed-cannot-stop-it-in-a-hurry-steve-hanke-88853/

____________________________________________

C4. Economy (Usually reported in monetary terms)

ee Economy section shows how media usually measures economy by false indices like GDP, etc., in monetary terms, confusing money and capital, constantly calling for privatization, deregulation, moaning about debt & balance of payments, without stating the need for modern industrial production.

• Price-gouging, a double whammy to consumers

‘Most people have reduced their usual consumption due the high cost of living. We are even struggling to operate our factories and it’s a question how we could continue to run the business and remunerate our factory workers and it’s time to retrench staff and cut down our overheads’

– island.lk/price-gouging-a-double-whammy-to-consumers/

• More than 80% canteens, hotels to be closed due to gas issue

– dailymirror.lk/latest_news/More-than-80-canteens-hotels-to-be-closed-due-to-gas-issue/342-227140

– ft.lk/front-page/Gas-shortage-shuts-canteens-bakeries-countrywide/44-727794

• Pandemic’s toll on economy estimated at Rs.2.5 Trillion a year

‘Out of the 8.03 million employed population in Sri Lanka, the informal sector accounts for 57.4%’

– dailymirror.lk/business/Pandemics-toll-on-economy-estimated-at-Rs-2-5tn-a-year/215-227025

• Pandemic pains Western, Northern Provinces most affected

– ft.lk/top-story/Pandemic-pains-Western-Northern-Provinces-most/26-727795

• Piloting post-Presidential prorogue and COPE-BOI Dispute

‘The Chairman and three Board of Directors of BOI resigned early this month over differences of opinion on the findings of COPE chaired by MP Prof. Charitha Herath as well as unionised employees’

– ft.lk/top-story/Piloting-post-Presidential-prorogue/26-727511

– lankaweb.com/news/items/2021/12/13/sri-lanka-president-gotabaya-rajapaksa-suspends-parliament-goes-singapore/

• Remittance securitisation could offer better terms and rates for borrowing country: ICRA

– dailymirror.lk/business-news/Remittance-securitisation-could-offer-better-terms-and-rates-for-borrowing-country-ICRA-Lanka/273-226907

• Finance Secretary and CB Governor summoned to Cabinet meeting

– lankaweb.com/news/items/2021/12/12/finance-secretary-and-cb-governor-summoned-to-cabinet-meeting/

• Cabraal denies being summoned to Cabinet meeting to discuss IMF

– lankaweb.com/news/items/2021/12/13/cabraal-denies-being-summoned-to-cabinet-meeting-to-discuss-imf/

• Very little progress made on CBSL road map: ICRA

– themorning.lk/very-little-progress-made-on-cbsl-road-map-icra/

• CBSL requests Banks to sell 20% of such currency converted into rupees on a weekly basis

– ft.lk/front-page/CBSL-issues-operating-instructions-to-banks-on-forex-at-hand-of-customers/44-727509

• CBSL issues bank regulatory framework on technology risk management & resilience

– ft.lk/front-page/CBSL-issues-directive-on-regulatory-framework-on-technology-risk-management-and-resilience-for-banks/44-727448

– economynext.com/sri-lanka-in-bid-to-draw-domestic-dollar-notes-to-banks-10-pct-surrender-rule-88821/#modal-one

• BASL goes to court against forced currency conversions

– newsfirst.lk/2021/12/14/basl-goes-to-court-against-forced-currency-conversions/

– island.lk/basl-petitions-court-of-appeal-to-protect-their-dollar-earnings/

• Sri Lanka in bid to draw domestic dollar notes to banks, 10-pct surrender rule

– ft.lk/front-page/Bar-Association-files-petition-against-CBSL-Gazette-on-repatriation-of-export-proceeds-rule/44-727525

• Dollar crisis sends imported food prices soaring for festive season

– sundaytimes.lk/211212/news/dollar-crisis-sends-imported-food-prices-soaring-for-festive-season-465191.html

• No gas, no milk powder no kerosene oil for first time in country’s history – Champika

– dailymirror.lk/breaking_news/SL-confronts-its-worst-ever-financial-crisis-Patali/108-226985

• Economy contracts after 4 quarters of growth

– ft.lk/top-story/Economy-contracts-after-4-quarters-of-growth/26-727619

• Sri Lanka’s economy contracts in 3rdQ 2021-DCS

– timesonline.lk/news-online/Sri-Lankas-economy-contracts-in-3rdQ-2021-DCS/2-1136277

• Sri Lanka’s registered taxpayers decreased by 33%

– lankaweb.com/news/items/2021/12/12/sri-lankas-registered-taxpayers-decreased-by-33/

– dailymirror.lk/opinion/Karma-is-hunting/172-227013

• Central Bank sells US$ 372mn in Nov. to defend rupee

– dailymirror.lk/business-news/Central-Bank-sells-US-372mn-in-Nov-to-defend-rupee/273-226742

• Sri Lanka sells Rs120bn bonds, yields marginally up

– economynext.com/sri-lanka-sells-rs120bn-bonds-yields-marginally-up-88809/#modal-one

• Sri Lanka Treasury bill yields rise at auction, Rs9bn unsold

– economynext.com/sri-lanka-treasury-bill-yields-rise-at-auction-rs9bn-unsold-88839/

• Central bank has advanced about 160 million US dollars to domestic state banks

‘This is not counted as foreign reserves because the asset is domestic’

– economynext.com/sri-lanka-investors-hold-us170mn-in-january-sovereign-bond-cb-governor-88805/#modal-one

• Sri Lanka overnight injections top Rs400bn amid sterilized interventions

– economynext.com/sri-lanka-overnight-injections-top-rs400bn-amid-sterilized-interventions-88901/

• Sri Lanka investors hold US$170mn in January sovereign bond: CB Governor

– economynext.com/sri-lanka-investors-hold-us170mn-in-january-sovereign-bond-cb-governor-88805/

• India’s Exim Bank eyes more lending to Sri Lanka amid diplomatic tussle with China

– economynext.com/indias-exim-bank-eyes-more-lending-to-sri-lanka-amid-diplomatic-tussle-with-china-88814/

• There is only one solution, and that is to seek IMF assistance: MP Harsha de Silva

– dailymirror.lk/print/main_image/Economic-shutdown-likely-next-year-due-to-minus-reserves-MP-Harsha-de-Silva/346-226639

– ft.lk/ft_tv/Economy-at-rock-bottom-Dr-Harsha/10520-727479

• South Asia poised to move forward while Sri Lanka to languish

– dailymirror.lk/business-news/Rest-of-SA-poised-to-move-forward-while-Sri-Lanka-to-languish/273-227102

• Myanmar to include yuan in settlement currency for border trade with China

– globaltimes.cn/page/202112/1241529.shtml

• Asian Development Bank revises developing Asia growth outlook down slightly

– ft.lk/front-page/ADB-revises-developing-Asia-growth-outlook-down-slightly/44-727790

• Argentinean protesters reject deal with IMF on debt

‘any deal to have Argentina repay $45 billion in loans to the IMF would require austerity measures that would hurt working people’

– radiohc.cu/en/noticias/internacionales/279734-argentinean-protesters-reject-deal-with-imf-on-debt

• Bank of England becomes first major central bank to raise rates since pandemic

‘BoE had felt compelled to stop recent jump in prices from becoming a longer-term problem’

– dailymirror.lk/business-news/BoE-becomes-first-major-central-bank-to-raise-rates-since-pandemic/273-227103

• England signs free trade deal with Australia

‘For Australia, the deal eliminates tariffs from 99 percent of its exports and makes it easier for Australians to live and work in England’

– dailymirror.lk/business-news/UK-signs-free-trade-deal-with-Australia/273-227183

_________________________________________________________________________

C5. Workers (Inadequate Stats, Wasteful Transport, Unmodern Plantations, Services)

ee Workers attempts to correct the massive gaps and disinformation about workers, urban and rural and their representatives (trade unions, etc), and to highlight the need for organized worker power

• India’s HCL Tech accused of wage theft, underpaying H1-B visa holders by US$95mn annually

– dailymirror.lk/business-news/Indias-HCL-Tech-accused-of-wage-theft-underpaying-H1-B-visa-holders-by-US-95mn-annually/273-226846

• Sri Lanka targets export of 300,000 workers as policy rate depletes reserves

– economynext.com/sri-lanka-targets-300000-expat-workers-as-policy-rate-depletes-reserves-88773/#modal-one

• Are Sri Lankan expatriates’ rights harmonised for country’s economic interest?

– ft.lk/columns/Are-Sri-Lankan-expatriates-rights-harmonised-for-country-s-economic-interest/4-727760

• Postal, railway, health workers in Sri Lanka threaten island wide strikes

– economynext.com/postal-railway-health-workers-in-sri-lanka-threaten-island-wide-strikes-88823/#modal-one

• Strikes galore, public inconvenienced – Times

– timesonline.lk/news-online/Strikes-galore-public-inconvenienced/2-1136265

• Railway Drivers’ Association on strike

– newsfirst.lk/2021/12/15/railway-personnel-on-strike-from-noon/

• Trade union action brings train services to a standstill

– dailymirror.lk/latest_news/Trade-union-action-brings-train-services-to-a-standstill/342-226973

• Train strike called off; train services to resume

– dailymirror.lk/latest_news/Train-strike-called-off-train-services-to-resume/342-226975

• Over 500,000 letters held up at Central Mail Exchange

– newsfirst.lk/2021/12/15/over-500000-letters-held-up-at-central-mail-exchange/

• CEBEU escalates trade union action to ‘Level 2’

– island.lk/cebeu-escalates-trade-union-action-to-level-2/

• Engineers’ fight at CEB heading for showdown

– island.lk/engineers-fight-at-ceb-heading-for-showdown/

• 23 Postal unions to commence token strike

– dailymirror.lk/breaking_news/Postal-unions-to-commence-token-strike-from-4-pm-today/108-226783

• GMOF accuses GMOA of acting illegally

– island.lk/gmof-accuses-gmoa-of-acting-illegally/

• Pilots’ Guild claims UL Chairman’s callous attitude puts national carrier at risk

– ft.lk/front-page/Pilots-Guild-claims-UL-Chairman-s-callous-attitude-puts-national-carrier-at-risk/44-727792

• Cardamom plucking women lost in Sinharaja return home

– themorning.lk/cardamom-plucking-women-lost-in-sinharaja-return-home/

• Thondaman alleges ‘slavery’ in plantation sector

– themorning.lk/thondaman-alleges-slavery-in-plantation-sector/

• “Private sector pension scheme a necessity”: Chandra Schaffter, Janashakthi Insurance

‘I am not against unemployment benefits. I am simply of the view that it is unviable’

– ft.lk/columns/Private-sector-pension-scheme-a-necessity-Chandra-Schaffter/4-727562

• Circular issued on extending public sector employees’ retirement age

– lankaweb.com/news/items/2021/12/15/circular-issued-on-extending-public-sector-employees-retirement-age/

• Public Services Ministry undecided on retirement age

– timesonline.lk/news-online/Public-Services-Ministry-undecided-on-retirement-age/2-1136283

• PUCSL upgrade plumbers with NVQ-3 qualification at no cost to them

‘Sri Lanka has approximately 10,000 plumbers and most of them do not hold any qualification’

– island.lk/pucsl-upgrade-plumbers-with-nvq-3-qualification-at-no-cost-to-them/

• Permanent appointments for all 51,000 graduates in Jan. and April

– ft.lk/front-page/Permanent-appointments-for-all-51-000-graduates-in-Jan-and-April/44-727788

• Higher National Diploma (HND) students protest

– themorning.lk/heavy-traffic-on-darley-road-in-colombo/

• Korean language exam as part of university entrance exams from 2023: Envoy

– dailymirror.lk/latest_news/Korean-language-exam-as-part-of-university-entrance-exams-from-2023-Envoy/342-226982

• 10th Generation of Agriculturists from Uva Wellassa University

– dailymirror.lk/news-features/10th-Generation-of-Agriculturists-from-Uva-Wellassa-University/131-226672

• Ensuring quality higher education in Sri Lanka: College of Surgeons, Parts 1 &2

‘Nearly 54 % were still unemployed or underemployed, two years after graduation’

– ft.lk/columns/A-journey-towards-ensuring-quality-higher-education-in-Sri-Lanka-Part-1/4-727392

– ft.lk/columns/A-journey-towards-ensuring-quality-higher-education-in-Sri-Lanka-Part-2/4-727473

• Genetic factors & cultural conditions account for superiority of Tamil & Muslim students

– ft.lk/columns/Vowels-and-consonants-rich-dads-and-poor-dads/4-727543

• World Human Resources Congress 2021 concludes in SL

‘CIPM Sri Lanka President Jayantha Amarasinghe, World HR Congress 2021 Chairman Dhammika Fernando, World HR Congress 2021 Co-Chairman Prof. Ajantha Dharmasiri, CIPM Vice President Ken Vijayakumar, CIPM Sri Lanka Hony. Secretary Priyankara Seneviratne, CIPM Sri Lanka council members, past presidents of CIPM Sri Lanka and CIPM Sri Lanka CEO U.A.C. Obeysekera’

– dailymirror.lk/business-news/World-HR-Congress-2021-concludes-after-2-days-of-high-value-deliberations/273-227037

• Why are English Indian voters abandoning Labour?

‘The Indian diaspora in England – now the largest immigrant group in the country – is young, fast-growing, and relatively well educated’

– theguardian.com/commentisfree/2021/nov/18/british-indian-voters-labour-diaspora-political

– carnegieendowment.org/2021/11/18/britain-s-new-swing-voters-survey-of-british-indian-attitudes-pub-85784

• Non-religious reason for the murder in Pakistan

– lankaweb.com/news/items/2021/12/12/common-threads-in-lynching/

• Comfort food and Uncomfortable Histories: Women and Reparations in Sri Lanka

– dailymirror.lk/press-releases/Comfort-food-and-Uncomfortable-Histories:-Women-and-Reparations-in-Sri-Lanka/335-227002

• Gender-based violence often shrouded in silence

‘62% of homicides – out of the studied sample of 243 killings between 2013 and 2015 – were perpetrated by intimate partners, ex-partners and family members.’

– island.lk/gender-based-violence-often-shrouded-in-silence/

• United Nations Population Fund (UNFPA) now moves to help marginalised elderly

‘Sri Lanka has the fastest growing ageing population in South Asia, with 1 in 5 Sri Lankans expected to be over the age of 60 by 2030’

– island.lk/unfpa-now-moves-to-help-marginalised-elderly/

• Eleven Indonesian workers dead, 27 missing in Malaysia boat sinking

‘Indonesians looking for work sometimes try to enter neighboring Malaysia illegally’

– radiohc.cu/en/noticias/internacionales/279956-eleven-indonesians-dead-27-missing-in-malaysia-boat-sinking

• The misunderstood – & misrepresented – Zero Covid policy in China

– defenddemocracy.press/the-misunderstood-and-misrepresented-zero-covid-policy-in-china/

• Black Misleadership Class Obfuscates Carceral State Correlation with Bogeyman of “white wokeness”

– blackagendareport.com/black-misleadership-class-attempts-obfuscate-their-carceral-state-correlation-bogeyman-white

• How the Black Education Movement Took on the Racist Schools System

– blackagendareport.com/how-black-education-movement-took-racist-schools-system

• Is Austerity Dead In Canada? An Interview With Jim Stanford

– readpassage.com/p/is-austerity-dead-in-canada-an-interview-with-jim-stanford/

• Canadian High School Students Walk Out: Saying Yes to Palestine Solidarity and No to TDSB

– socialistproject.ca/2021/12/high-school-students-walkout-palestine-solidarity/

• Health costs during pandemic pushed over half a billion people into poverty

– ft.lk/news/Health-costs-during-pandemic-pushed-over-half-a-billion-people-into-poverty/56-727440

• Club for Growth pushes for privatization of Social Security; destruction of workers’ rights and unions; and deregulation of dangerous industries

– wallstreetonparade.com/2021/12/the-senate-banking-committee-has-subpoena-power-so-why-has-senator-elizabeth-warren-been-left-to-investigate-on-her-own/

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C6. Agriculture (Robbery of rural home market; Machines, if used, mainly imported)

ee Agriculture emphasizes the failure to industrialize an agriculture that keeps the cultivator impoverished under moneylender and merchant, and the need to develop the rural home market, monetization and commercialization, to produce, rather than import, agricultural machinery.

• Hela Medicine & Hela Farming

– kalaya.org/?p=4791

• Northeast monsoon establishing over the island: Met. Dept.

– dailymirror.lk/breaking_news/Northeast-monsoon-establishing-over-the-island-Met-Dept/108-226710

• Weather wreaks havoc on vegetable cultivations

‘Heavy rains in many agricultural hubs and the farming is going slow. Mahaweli H Zone, Puttalam, Embilipitiya are among the main zones of agriculture in the low country’

– island.lk/weather-wreaks-havoc-on-vegetable-cultivations/

• Seed imports for seven crops to be restricted

– themorning.lk/seed-imports-for-seven-crops-to-be-restricted/

• Wholesale price of imported rice decreases: Importers

– dailymirror.lk/breaking_news/Wholesale-price-of-imported-rice-decreases-Importers/108-226707

• Task force to be formed to study effects of chemical pesticides & fertilizers on humans

– lankaweb.com/news/items/2021/12/16/task-force-to-be-formed-to-study-effects-of-chemical-pesticides-fertilizers-on-humans/

• State fertiliser subsidy bills to private sector fertiliser companies escalate to Rs.27 b

‘CIC Agribusinesses, A. Baur, AgStar PLC, Hayleys Agro Fertilizers, Allied Commercial Fertilizers, Diesel & Motor Engineering Lanka Industrial Estate Ltd and Asia Commercial Fertilizer’

– sundaytimes.lk/211212/business-times/state-fertiliser-subsidy-bills-escalate-to-rs-27-b-464616.html

• Chemical fertilizer traders behind farmers’ agitations

– dailymirror.lk/opinion/INSULTING-INTELLIGENCE-OF-THE-MASSES-EDITORIAL/231-226835

• Fertilizer shortage: Are we seeing the results?

– newsfirst.lk/2021/12/18/fertilizer-shortage-are-we-seeing-the-results/

• Sri Lanka tea, rubber plantations still without agrochemicals – Planters’ Association

– economynext.com/sri-lanka-tea-rubber-farms-still-without-agro-chemicals-88754/

• Sri Lanka cuts tea export tax, abolishes regulation on promotions

– economynext.com/sri-lanka-cuts-tea-export-tax-abolishes-regulation-on-promotions-88866/

• Green Agriculture Centre to operate through merged state fertiliser firms

– sundaytimes.lk/211212/business-times/green-agriculture-centre-to-operate-thro-merged-state-fertiliser-firms-464589.html

• Sri Lanka’s Plunge Into Organic Farming Brings Disaster

‘Three-quarters of Sri Lanka’s farmers relied heavily on chemical fertilizers, while just about 10 percent cultivated without them. Almost all major crops grown in the country depend on the chemicals. For crops crucial to the economy like rice, rubber and tea, the dependence reaches 90 percent or more’

– nytimes.com/2021/12/07/world/asia/sri-lanka-organic-farming-fertilizer.html

• Chemical fertilizers cost farmers more than 30% extra

– lankaweb.com/news/items/2021/12/17/chemical-fertilizers-cost-farmers-more-than-30-extra/

• ICRA Lanka identifies 5 key issues plaguing Plantations

– dailymirror.lk/business-news/Plantation-industry-at-inflection-point-ICRA-Lanka/273-226746

• Hingurana sugar consortium takes billions of loans at soaring interest rates from own affiliates

‘run jointly by the Government and private entities Brown & Company and Lanka ORIX Leasing Company (LOLC)’

– sundaytimes.lk/211212/news/hingurana-sugar-consortium-takes-billions-worth-of-loans-at-soaring-interest-rates-from-its-own-affiliates-465187.html

• Fate of COPA investigation on #SugarScam ?

– newsfirst.lk/2021/12/15/fate-of-copa-investigation-on-sugarscam/

• Analytical labs to test imported and local fertiliser

– sundaytimes.lk/211212/news/analytical-labs-to-test-imported-and-local-fertiliser-465171.html

• Lanka will be compelled to pay US$ 8.3 Mn even without using Chinese Fertilizer – JVP

– island.lk/lanka-will-be-compelled-to-pay-us-8-3-mn-even-without-using-chinese-fertilizer-jvp/

– ft.lk/front-page/Govt-agrees-to-pay-Chinese-fertiliser-firm/44-727502

– newsfirst.lk/2021/12/14/ag-tells-to-solve-chinese-fertilizer-issue-via-terms-that-can-be-agreed-by-both-parties/

– island.lk/heads-china-wins-tails-lanka-loses/

– dailymirror.lk/latest_news/Let-Mahindananda-pay-Chinese-Fertilizer-Company-Anura-slams-Govt/342-227070

• Blockchain Tracified Technologies to certify origins of Sri Lanka farmers exporting to EU

‘secured a project to promote Sri Lankan handicrafts in socially responsible ventures industries, engaging with Selyn and Kantala in a USAID funded project

– economynext.com/sri-lanka-farmers-exporting-to-eu-gets-blockchain-tech-to-certify-origins-88807/#modal-one

• Govt. permits planting coconut in uncultivated paddy lands: Amaraweera

– dailymirror.lk/latest_news/Govt-permits-planting-coconut-in-uncultivated-paddy-lands-Amaraweera/342-227138

• Sharp increase in pepper imports from Sri Lanka caps Indian domestic prices

– ft.lk/front-page/Sharp-increase-in-pepper-imports-from-Sri-Lanka-caps-Indian-domestic-prices/44-727627

• Poultry leader Prima’s Ceylon Grain Elevators announces price increase for corporates

– dailymirror.lk/business-news/SLs-poultry-industry-leader-announces-price-increase-for-corporate-customers/273-227029

• Chinese Ambassador visits controversial Sea Cucumber Hatchery

– newsfirst.lk/2021/12/16/pictures-chinese-ambassador-visits-controversial-sea-cucumber-hatchery/

• Trenches against wild elephants – tried, tested and failed, say experts

– sundaytimes.lk/211212/news/trenches-against-wild-elephants-tried-tested-and-failed-say-experts-464983.html

• World Agro-forestry (ICRAF) Institute based in Nairobi, Kenya

– island.lk/world-renowned-scientist-to-help-sl%e2%80%88sort-out-environmental-issues/

• Central Environmental Authority moves to tackle wastewater from laboratories

– island.lk/cea-moves-to-tackle-issue-of-wastewater-from-laboratories/

• Elevated Expressway via Thalangama Wetland Govt. speeding past environmental roadblocks?

– dailymirror.lk/news-features/Elevated-Expressway-via-Thalangama-Wetland-Govt-speeding-past-environmental-roadblocks/131-227006

• We used to be a part of Antarctica until about 120 million years ago.

‘no one had attempted to build a model of how all these processes affected our biodiversity’

– sundaytimes.lk/211212/plus/a-veteran-naturalist-and-a-young-zoologist-go-fishing-to-map-out-our-biogeography-464800.html

• Japan must not dump nuke wastewater as Fukushima radioactivity reaches Arctic Ocean

– globaltimes.cn/page/202112/1241599.shtml

• Mining Corporations Grab the Pacific while International Seabed Authority (ISA) meets

– defenddemocracy.press/as-corporations-fight-to-control-the-pacific-biden-must-act-to-protect-it/

• A lifestyle reporter became a labour reporter, without ever leaving the food beat

– canadaland.com/radicalization-of-food-writer-corey-mintz/

_____________________________________________________________________

C7. Industry (False definitions, anti-industrial sermons, rentier/entrepreneur, etc)

ee Industry notes the ignorance about industrialization (versus handicraft and manufacture), the dependence on importing foreign machinery, the need to make machines that make machines, build a producer culture. False definitions of industry, entrepreneur, etc, abound, and the need for a holistic political, economic and military strategy to overcome domination by merchants and moneylenders.

• “We have to help entrepreneurs make product here” – Finance Minister

– economynext.com/sri-lanka-eye-wheelbarrows-as-money-printing-deplete-forex-reserves-88777/#modal-one

• Govt. nod for 27 industrial projects; Rs. 4.5 b investment

– ft.lk/front-page/Govt-nod-for-27-industrial-projects-Rs-4-5-b-investment/44-727621

• Selected investors secure land parcels in 15 regional industrial estates

– dailymirror.lk/business-news/Selected-investors-secure-land-parcels-in-15-regional-industrial-estates/273-227096

• Supreme Court commences hearing into Yugadanavi power plant cases

– dailymirror.lk/latest_news/Supreme-Court-commences-hearing-into-Yugadanavi-power-plant-cases/342-227154

• Yugadanavi petitions: Ministers’ affidavits unconstitutional, AG tells court

– lankaweb.com/news/items/2021/12/17/yugadanavi-petitions-ministers-affidavits-unconstitutional-ag-tells-court/

• No minster has seen questionable New Fortress Cabinet paper – Wimal

– island.lk/no-minster-has-seen-questionable-new-fortress-cabinet-paper-wimal/

• Signing LNG agreement would be detrimental to SL: Wimal

– newsfirst.lk/2021/12/16/signing-lng-agreement-would-be-detrimental-to-sl-wimal/

• Yugadanavi mess: Group led by Ministers stepping up campaign, won’t heed SLPP warnings

– lankaweb.com/news/items/2021/12/17/yugadanavi-mess-group-led-by-ministers-stepping-up-campaign-wont-heed-slpp-warnings-2/

• Explosive disclosure on power plant deal

– sundaytimes.lk/211212/news/explosive-disclosure-on-power-plant-deal-465197.html

– sundaytimes.lk/211212/columns/secret-pact-jvp-leaders-bombshell-expose-deals-more-blows-to-govt-465146.html

– island.lk/karu-seeks-clarification-from-govt-about-jvp-leaders-revelation

– ft.lk/front-page/Karu-says-Govt-s-secrecy-relating-to-Yugadanavi-deal-undermines-people-s-sovereignty/44-727504

• Same witness signed on behalf of Govt. and US Company: JVP

– lankaweb.com/news/items/2021/12/15/same-witness-signed-on-behalf-of-govt-and-us-company-jvp/

• Yugadanavi dispute: Govt. ready for dialogue with dissidents

– island.lk/yugadanavi-dispute-govt-ready-for-dialogue-with-dissidents/

• CEB GM grants more powers to Electrical Superintendents; engineers see red

– island.lk/ceb-gm-grants-more-powers-to-electrical-superintendents-engineers-see-red/

• CEB Engineers snub PUCSL

– island.lk/ceb-engineers-snub-pucsl/

• Water spillage from reservoirs: Is CEB to blame? Let’s examine facts

– island.lk/water-spillage-from-reservoirsis-ceb-to-blame-lets-examine-facts/

• Sri Lanka’s daily Kerosene demand spikes to 600 MT – CPC

– newsfirst.lk/2021/12/17/sri-lankas-daily-kerosene-demand-spikes-to-600-mt-cpc/

• Laugfs says not enough dollars for gas imports

– island.lk/laugfs-says-not-enough-dollars-for-gas-imports/

• Litro Gas officials lied to the public

– island.lk/bring-them-to-justice/

– island.lk/sri-lankas-gas-tragedy-the-untold-story/

• No SLSI standard for LP gas – Litro Gas Company

– dailymirror.lk/latest_news/No-SLSI-standard-for-LP-gas-Litro-Gas-Company/342-226972

• Petroleum, lubricants: PUCSL introduces new system to handle grievances

– dailymirror.lk/breaking_news/Petroleum-lubricants-PUCSL-introduces-new-system-to-handle-grievances/108-226750

• Sri Lanka’s gas tragedy: the untold story

– lankaweb.com/news/items/2021/12/13/sri-lankas-gas-tragedy-the-untold-story/

• Sri Lanka’s mysterious gas explosions become nobody’s baby

– economynext.com/sri-lankas-mysterious-gas-explosions-become-nobodys-baby-88920/

• Sri Lanka’s Resus Energy to sell Rs1.2bn in A+(lka) debentures

‘Resus sells power to state-run Ceylon Electricity Board’

– economynext.com/sri-lankas-resus-energy-to-sell-rs1-2bn-in-alka-debentures-88837/

• Water spillage from reservoirs: Is CEB to blame?

– island.lk/water-spillage-from-reservoirs-is-ceb-to-blame/

• Indians inspect $441.42 mn Polgahawela & Aluthgama Integrated water supply projects, etc.

‘The project at Polgahawela is being executed by VA Tech Wabag Ltd and the project at Aluthgama by Ion Exchange (India) Ltd.’

– island.lk/usd-441-42-mn-funding-indian-team-here-to-inspect-projects/

• Tokyo Cement special arrangements to import 12,000 metric tonnes (MT) of cement

– sundaytimes.lk/211212/business-times/tokyo-cement-tackles-cement-shortage-with-low-price-product-464585.html

• Colombo port is the best connected-port in South Asia – UNCTAD

– timesonline.lk/news-online/Colombo-port-is-the-best-connected-port-in-South-Asia-UNCTAD/2-1136273

• Medicinal drugs and medical equipment to be produced locally

– dailymirror.lk/breaking_news/Medicinal-drugs-and-medical-equipment-to-be-produced-locally/108-227133

• Govt. intervention paramount to import 50 electric buses: Private Bus Owners’ Association

– dailymirror.lk/latest_news/Govt-intervention-paramount-to-import-50-electric-buses-LPBOA/342-226797

• New vehicle imports will cost 60%-70% more than pre-pandemic prices

– dailymirror.lk/business_247/New-vehicle-imports-will-cost-60-70-more-than-pre-pandemic-prices/395-226881

• Leasing companies not audited, Fin. Min. to blame: Leasing and Debt Instalment Payers

‘over 500,000 vehicles on the roads currently do not have revenue licences, as the leasing companies do not provide a copy of the book and the insurance certificate required to obtain it… vehicle prices are being artificially increased to take advantage of the import restrictions’

– ft.lk/front-page/Leasing-companies-not-audited-Fin-Min-to-blame-Leasing-and-Debt-Instalment-Payers/44-727625

– themorning.lk/cbsl-silent-despite-violations-by-leasing-companies-asanka-ruwan-pothupitiya/

• Sri Lanka to identify and declare urban areas within Pradeshiya Sabha limits

– economynext.com/sri-lanka-to-identify-and-declare-urban-areas-within-pradeshiya-sabha-limits-88820/#modal-one

• Sri Lanka to lease land from 15 industrial estates targeting regional development

– economynext.com/sri-lanka-to-lease-land-from-15-industrial-estates-targeting-regional-development-88819/#modal-one

• Producers continue to contend with surging prices across supply chains

– dailymirror.lk/business-news/Producers-continue-to-contend-with-surging-prices-across-supply-chains/273-226744

• Industrial production picks up in tandem with easing restrictions

– dailymirror.lk/business-news/Industrial-production-picks-up-in-tandem-with-easing-restrictions/273-226843

• To facilitate export-oriented factories in the industrial zones in the Port of Hambantota

– ft.lk/business/Weerawansa-calls-for-strategic-projects-to-attract-FDIs-smart-approval-systems/34-727489

• Passport printing contract award to Govt. Printer raises feasibility issues

– sundaytimes.lk/211212/business-times/passport-printing-contract-award-to-govt-printer-raises-feasibility-issues-464613.html

• Sathosa Motors brings genuine Isuzu spare parts to Kandy with opening of its 9th branch

– island.lk/sathosa-motors-brings-genuine-isuzu-spare-parts-to-kandy-with-opening-of-its-9th-branch/

• SLT Training Centre (SLTTC) engineering grads obtain Hertfordshire and Pearson Degrees

– island.lk/another-batch-of-beng-degree-holders-and-hnd-diplomates-graduate-from-slt-training-centre-with-admirable-results/

• JAT Holding and National Apprentice Industrial Training Authority to develop woodcraft

– island.lk/jat-holding-partners-with-naita-to-support-and-develop-sri-lankan-woodcraft/

• Sri Lanka’s ‘Dumbara Weaving’ recognized as a ‘Unesco World Cultural Heritage’

– newsfirst.lk/2021/12/14/sri-lankas-dumbara-weaving-recognized-as-a-unesco-world-cultural-heritage/

– timesonline.lk/news-online/Sri-Lankas-traditional-craftsmanship-of-making-Dumbara-Rat%C4%81-Kal%C4%81la-recognized-by-UNESCO/2-1136274

• Chinese firm’s copper mine project in Afghanistan hasn’t started, despite Taliban’s push

– globaltimes.cn/page/202112/1241686.shtml

• Vietnam Singapore park gets billion dollar Denmark LEGO factory

‘VSIP, a joint venture with Singapore based SEMBCORP and Vietnam’s Becamex IDC, was a pioneer industrial zone operations which began in 1996 with a 500 acre park in Binh Duong which has grown into an industrial hub’

– economynext.com/vietnam-singapore-park-gets-billion-dollar-lego-factory-88787/#modal-one

• China needs to break blockade by US-led supply chain alliance

‘US, Australia and Japan announced on their joint funding of an undersea communication cable connecting three Pacific countries’

– globaltimes.cn/page/202112/1241389.shtml

• US Africa Command indirectly policing mining operations that profit US corporations

– blackagendareport.com/china-not-colonizing-africa

• Why it’s hard to bring manufacturing back to US

‘After being industrialized or semi-industrialized, many countries have reversed course and begun de-industrialization’

– globaltimes.cn/page/202112/1241553.shtml

• The Biden administration’s China chip conundrum

‘China’s largest chip foundry, Semiconductor Manufacturing International Corp, dropped 6.2% in overnight trading in Hong Kong, after news that Washington might impose tighter controls on US exports of chip-making equipment to the world’s fifth-largest chip fabricator’

– asiatimes.com/2021/12/the-biden-administrations-china-chip-conundrum/

• Harvard and Google warn of China’s tech dominance

– asiatimes.com/2021/12/harvard-and-google-warn-of-chinas-tech-dominance/

• US AFRICOM, Corporations Plunder Congo for “Climate-Friendly” Materials, Blame China

– blackagendareport.com/backed-africom-corporations-plunder-dr-congo-climate-friendly-materials-and-blame-china

• South Africa delivers some positive news on the omicron

– moonofalabama.org/2021/12/omicron-update.html

• Cuba aspires to generate all its electricity from domestic sources

– radiohc.cu/en/noticias/nacionales/280100-cuba-aspires-to-generate-all-its-electricity-from-domestic-sources

______________________________________________________________________

C8. Finance (Making money from money, banks, lack of investment in modernity)

ee Finance tracks the effects of financialization, the curious role of ratings agencies, false indices, etc., and the rule of moneylenders, preventing investment in modern production.

• Credit card industry suffers rare cancelations

– ft.lk/front-page/Credit-card-industry-suffers-rare-cancelations/44-727450

• Managed by NDB Bank, Sarvodaya Development Finance debuts on CSE today

‘Sarvodaya Development Finance is a licensed finance company formed in 2010 as the economic arm of the 1958-established Sarvodaya Movement one of the oldest NGOs in Sri Lanka.’

– ft.lk/front-page/Sarvodaya-Development-Finance-debuts-on-CSE-today/44-727501

• Sarvodaya Finance to develop villages thru Stock Exchange

‘Sarvodaya had committed over a billion rupees for development of 5,300 villages in which it operates. Though the company will be profitable, dividends from SDF will be put back into villages’

– economynext.com/sri-lankas-sdf-starts-trading-88833/

• Sanasa Development Bank appoints Niranjan Thangarajah as new Deputy CEO

‘Thangarajah was the Head of Business Banking at Standard Chartered Bank’

– themorning.lk/sdb-bank-appoints-niranjan-thangarajah-as-new-deputy-ceo/

• Constituent changes to the S&P Sri Lanka 20 Index

– island.lk/constituent-changes-to-the-sp-sri-lanka-20-index/

• S&P Sri Lanka 20 index led by Chevron, includes Commercial Leasing, LOLC Finance

– economynext.com/sp-sri-lanka-20-index-includes-commercial-leasing-lolc-finance-88921/

• Cargills Ceylon infuses Rs.1.5bn into Cargills Bank

– dailymirror.lk/business-news/Cargills-Ceylon-infuses-Rs-1-5bn-into-Cargills-Bank/273-227097

– ft.lk/front-page/Cargills-invests-Rs-1-5-b-in-banking-subsidiary/44-727708

• Sri Lanka shares down for second session; Foreigners exit amid depreciation concern

– economynext.com/sri-lanka-shares-down-for-second-session-foreigners-exit-amid-depreciation-concern-88898/

– economynext.com/sri-lanka-shares-recover-after-two-session-fall-amid-foreign-continued-exit-88919/

• Finco exits from Hayleys at hefty profit; HNWIs enter

– ft.lk/front-page/Finco-exits-from-Hayleys-at-hefty-profit-HNWIs-enter/44-727713

• Two Carson Group companies announce share buybacks

– dailymirror.lk/business-news/Two-Carson-Group-companies-announce-share-buybacks/273-227099

• Ceylon Guardian Investment Trust Group announces share buyback worth Rs. 200 m

– ft.lk/front-page/Ceylon-Guardian-Investment-Trust-Group-announces-share-buyback-worth-Rs-200-m/44-727710

• DFCC Bank recognized at the Karlsruhe Sustainable Finance Awards in Germany

– island.lk/dfcc-bank-recognized-at-the-karlsruhe-sustainable-finance-awards-in-germany/

• Senate Banking Committee Chair Says Stablecoins May Be “Outright Fraudulent”

– wallstreetonparade.com/2021/12/senate-banking-committee-chair-says-stablecoins-may-be-outright-fraudulent/

• Nasty Public Battle Raging Over Control of the US Federal Agency that Insures Bank Deposits

– wallstreetonparade.com/2021/12/theres-a-nasty-public-battle-raging-over-control-of-the-federal-agency-that-insures-bank-deposits/

• Nasdaq Plunge Provides a Sobering Look at What’s to Come

– wallstreetonparade.com/2021/12/nasdaq-plunge-provides-a-sobering-look-at-whats-to-come/

___________________________________________________________________________________

C9. Business (Rentierism: money via imports, real-estate, tourism, insurance, fear, privatization)

ee Business focuses on the rentier diversions of the oligarchy, the domination by a merchant mafia, making money from unproductive land sales, tourism, insurance, advertising, etc. – the charade of corporate press releases disguised as ‘news’

• Leader of Bohra Community Loves Sri Lanka

– ft.lk/news/Leader-of-Bohra-community-meets-President/56-727436

• We are killing Pettah

‘During the Dutch and the British periods, Pettah had emerged as the country’s main trading hub’

– ft.lk/columns/We-are-killing-Pettah/4-727542

• Sri Lanka vs Ceylon

‘“This is a country that’s struggling with (a) brand image. We have two names Ceylon and Sri Lanka,”’

– sundaytimes.lk/211212/business-times/sri-lanka-vs-ceylon-464599.html

• CID probes elaborate hoax to blacklist competing company

– sundaytimes.lk/211212/news/cid-probes-elaborate-hoax-to-blacklist-competing-company-465179.html

• 2.3 billion sticks of cigarettes and about three billion sticks of Beedi old

– dailymirror.lk/breaking_news/NATA-has-failed-in-carrying-out-its-duty-well-Oppn-MP-slams/108-226751

• Centre for Advancement of Resource Mobilisation seminar “Global trends in Philanthropy”

‘Raghavendra formerly worked with the American India Foundation, UK-based Common Purpose and Washington DC-based Ashoka: Innovators for the Public, and Safe Water Network.’

– sundaytimes.lk/211212/business-times/seminar-on-global-trends-in-philanthropy-464567.html

• Raja Edirisooriya appointed Chairman of Sri Lanka BOI

‘He was Chairman of Urban Settlement Development Authority, and then Executive Project Management Director at Colombo Port City’

– economynext.com/raja-edirisooriya-appointed-chairman-of-sri-lanka-boi-88816/#modal-one

– island.lk/new-head-at-boi-following-controversy/

– ft.lk/front-page/New-BOI-chief-urges-employees-to-work-collectively-to-revive-economy/44-727620

• Buhardeen ups stake in Shaw Wallace Investments (KZOO) to 10%

‘the second largest shareholder of Shaw Wallace Investments, control (51%) is held by Renuka Enterprises…KZOO holds stakes in JKH, HNB, Melstacorp, Ceylon Hospitals, Watawala Plantations.’

– ft.lk/front-page/Buhardeen-ups-stake-in-Shaw-Wallace-Investments-to-10/44-727529

• Four more MoUs by next week to lease state lands

– themorning.lk/four-more-mous-by-next-week-to-lease-state-lands/

• UDA seals deals worth US$ 1b.

– sundaytimes.lk/211212/news/uda-seals-deals-worth-us-1b-465195.html

• Lands in SL to be sold to foreign countries: SJB

– dailymirror.lk/breaking_news/Lands-in-SL-to-be-sold-to-foreign-countries-SJB/108-227132

• Condominium Management Authority presents annual report to State Minister

‘Since 2003 CMA established 1,126 management corporations to monitor and regulate individual condominiums in the country which amounts to approximately 38,573 apartment units.’

– ft.lk/business/Condominium-Management-Authority-presents-annual-report-to-State-Minister/34-727534

• SL Telecom to divest SLT Campus for Rs. 410mn

‘Tempest PE Partners lead SLT Campus acquisition’

– economynext.com/sri-lankas-tempest-pe-partners-lead-slt-campus-acquisition-88830/#modal-one

– dailymirror.lk/business/SLT-to-divest-SLT-Campus-for-Rs-410mn/215-226901

– timesonline.lk/news-online/SLTC-divests-from-SLT-in-management-buy-out/2-1136278

• Controls, desserts, strikes and bets – Part 27

– island.lk/controls-desserts-strikes-and-bets-part-27/

• Lanka-America Chamber of Commerce inaugurated in Las Vegas with Congress blessings

‘Directors: Arushan Yogalingam, Shashinie Perera, Sujanie Abayakoon Yoojin Lee-Sedera, Ruchika Ranasinghe. Daya Gamage, Lalaindra Wickremaratne, Piyal Jayasankha, Sanje Sedera (President), Aruna Abayakoon, Douglas Perera and Pradeep Perera’

– island.lk/lanka-america-chamber-of-commerce-inaugurated-in-las-vegas-with-congress-blessings/

• Keells Properties reports soaring demand for real-estate at Victoria Golf and Country Resort

– island.lk/john-keells-properties-reports-soaring-demand-for-real-estate-at-vgcr/

• Jacqueline and family received luxury gifts from conman

– dailymirror.lk/latest_news/Jacqueline-and-family-members-received-luxury-gifts-BMW-Porsche-from-Sukesh-Chandrashekhar-ED-chargesheet/342-226964

______________________________________________________

C10. Politics (Anti-parliament discourse, unelected constitution)

ee Politics points to the constant diversions and spectacles and the mercantile and financial forces funding the political actors, of policy hijacked by private interests minus public oversight.

• Govt. denies prorogation of Parliament aimed at dissolving watchdog committees

– island.lk/govt-denies-prorogation-of-parliament-aimed-at-dissolving-watchdog-committees/

– dailymirror.lk/opinion/Parliamentary-prorogation-a-move-to-removeheads-of-COPE-COPA-PFC/231-227012

• Fate of COPE investigations?

– newsfirst.lk/2021/12/16/fate-of-cope-investigations/

• Proposed ‘postponement of PC polls’: State Minister may have erred – EC Chief

– island.lk/proposed-deferment-of-pc-polls-state-minister-may-have-erred-says-ec-chief/

• Draft reforms to NGOs Secretariat by mid-2022

– themorning.lk/draft-reforms-to-ngos-secretariat-by-mid-2022/

• CBK draft constitution torn up and burnt inside the chambers

– dailymirror.lk/opinion/Brawls-Boycotts-Blasts-and-Batty-Buffoonery-Remnants-of-Yesteryears-Full-serials/231-226716

• One Country One Law – Nalin de Silva

– kalaya.org/?p=4802

• JVP urges people to rally behind it to be liberated

– island.lk/jvp-urges-people-to-rally-behind-it-to-be-liberated/

• JVP: People are realising two groups that ruled country have failed them

– island.lk/jvp-people-are-realising-two-groups-that-ruled-country-have-failed-them/

• A challenge to the SJB and JVP sincerity

– dailymirror.lk/opinion/A-challenge-to-the-SJB-and-JVP-sincerity/172-227189

• USA stands at the helm of the world’s democratic camp – Jayatilleka

– island.lk/existential-contest-between-democracy-and-autocracy-where-does-sl-stand/

• Call for an India-led Asian Marshall Plan in Sri Lanka – Jayatilleka

– ft.lk/columns/Intermediate-option-for-crisis-management-Indian-backstop/4-727635

• Undiplomatic secrets – Jayatilleka

‘UNHRC’s Bachelet report of March 2022 will activate universal jurisdiction and international prosecutions, while providing caches of evidence for cases. These will dissuade foreign investors and tourists while shrinking demand for our products in Western markets’

– island.lk/undiplomatic-secrets/

• SLFP moves to revive UPFA, PA amid growing rift with ruling alliance

– sundaytimes.lk/211212/news/slfp-moves-to-revive-upfa-pa-amid-growing-rift-with-ruling-alliance-465193.html

• Reconstructing the SLFP

– island.lk/reconstructing-the-slfp/

• Pradeshiya Sabha flare amidst tabling 2022 budgets

– newsfirst.lk/2021/12/16/pradeshiya-sabha-flare-amidst-tabling-2022-budgets/

• Let’s play party-games with Marx

– island.lk/lets-play-party-games-with-marx/

• December 20 the United Nations marks the International Human Solidarity Day

– dailymirror.lk/opinion/Solidarity-Whither-goeth-Sri-Lanka/172-227188

• Down with the 225 who have failed to agree on united response to Sialkot barbarism!

– island.lk/down-with-the-225-who-have-failed-to-agree-on-united-response-to-sialkot-barbarism/

• Universal Declaration of Human Rights and its relevance to our lives

– island.lk/universal-declaration-of-human-rights-and-its-relevance-to-our-lives/

• National Movement for Social Justice Proposals for a New Constitution – Parts 1, 2, 3 & 4

– island.lk/nmsj-proposals-for-a-new-constitution-part-i/

– island.lk/nmsj-proposals-for-new-constitution-part-ii/

– island.lk/nmsj-proposals-for-a-new-constitution-part-iii/

– island.lk/nmsj-proposals-for-a-new-constitution-iv-electoral-reforms/

• Understanding Lenin

– redsails.org/understanding-lenin/

• Trotsky on “State Capitalism” (1922)

– redsails.org/trotsky-on-state-capitalism/

• U.S. democracy run by oligarchy, says former UN independent expert

– lankaweb.com/news/items/2021/12/13/interview-u-s-democracy-run-by-oligarchy-says-former-un-independent-expert/

• Western Liberal Democracy: Mise en Scène Like Nobody Cares

‘Caught up in Cold War manoeuvres, the United States never pauses to consider why liberal democracies vote ‘freely’ for autocrats and state suppression’

– newsclick.in/western-liberal-democracy-mise-en-sc%C3%A8ne-nobody-cares

• Much of what’s called “The Left” is fixated on nonsensical debates and revising history

– blackagendareport.com/bar-book-forum-william-c-andersons-nation-no-map

• Lynch Law in the USA, Ida B. Wells-Barnett, 1900

– blackagendareport.com/essay-lynch-law-america-ida-b-wells-barnett-1900

• On the Fundamental Differences Between Capitalist “Democracy” and Socialist Democracy

– blackagendareport.com/fundamental-differences-between-capitalist-democracy-and-socialist-democracy

• How might Interagency Resources be Rebalanced? – Interim US National Security Strategic Guidance, March 29, 2021

Since 2001, the US Department of Defense (DOD) and US military have taken on missions beyond traditional warfighting responsibilities (including, but not limited to, providing more security assistance and assisting with international disease responses). The State Department, the US Agency for International Development (USAID), the US Trade Representative, and other agencies provide critical national security capabilities, but possess narrower authorities and command fewer budgetary and personnel resources ‘

– crsreports.congress.gov

__________________________________________________________

C11. Media (Mis/Coverage of economics, technology, science and art)

ee Media shows how corporate media monopoly determines what is news, art, culture, etc. The media is part of the public relations (corporate propaganda) industry. The failure to highlight our priorities, the need to read between the lines. To set new perspectives and priorities.

• The Execution of Julian Assange

– blackagendareport.com/execution-julian-assange

• Why We Must Defend Julian Assange

– blackagendareport.com/why-we-must-defend-julian-assange

• Lankan Bhikkunis spread the Bhikkuni Order far and wide – Unduwap Poya

– dailymirror.lk/news-features/Lankan-Bhikkunis-spread-the-Bhikkuni-Order-far-and-wide/131-227195

• Interesting facts about the first Dagaba in Sri Lanka – Mahiyangana Miyugunaseya

– dailymirror.lk/news-features/Interesting-facts-about-the-first-Dagaba-in-Sri-Lanka/131-227192

• Anecdotes about Kalasuri Arisen Ahubudu

– island.lk/anecdotes-about-kalasuri-arisen-ahubudu/

• Alongside the struggle for freedom was a pride in being part of the Empire

– sundaytimes.lk/211212/plus/a-royal-visit-and-another-side-to-ceylon-as-a-colony-464890.html

• Platform to unite digital media professionals launched

‘Action Committee of Digital Media Movement included Manjula Samarasekara (Convener), Keshayinie Edmund (Joint Secretary), Ms. K.M. Rasool (Joint Secretary), Miss. Yoshitha Perera, Rizwan Segu Mohideen, Sandun Arosh Fernando, V. Priyatharshan, Dinesh De Alwis, Mrs. Yasara Chathurani, L. Thevathiran, Kamila Begam, Chathuranga Pradeep Kumara, T. Saranya. Members of the Expert Panel included Lasantha De Silva (Convener of FMM), Seetha Ranjani (FMM ExCo Member), Ananda Jayasekara (Senior Journalist and Media Trainer), Lakshman Gunasekara (Former Editor-in-Chief of Daily News), Sukumar Rockwood (CEO of Press Complain Commission of Sri Lanka), Kamal Liyanarachchi (Complain Officer – Sinhala Medium at Press Complain Commission of Sri Lanka) and C. Dodawatta (FMM ExCo Member, Former Editor in Chief of Dinamina)’

– themorning.lk/platform-to-unite-digital-media-professionals-launched/

• Civil society organisations concerned about Right to Information Commission Chair

– ft.lk/front-page/Civil-society-organisations-concerned-by-appointment-of-RTI-Commission-Chairperson/44-727784

• University of Kelaniya signs MOU with Ogilvy Digital for new Digital Marketing Degree

‘Ogilvy to develop the curriculum for the degree…and be an advisor to the content and assessment methods of the programme and function as a member of the Certified Professional Marketing Graduate Program’s (CPMG) Accreditation Committee.’

– sundaytimes.lk/211212/business-times/university-of-kelaniya-signs-mou-with-ogilvy-digital-for-new-digital-marketing-degree-464576.html

– island.lk/ogilvy-group-wins-big-at-campaign-asias-agency-of-the-year-awards-2021/

• Retd. SC judge Abeyratne and others appointed to new Right to Information Commission

– sundaytimes.lk/211212/news/retd-sc-judge-abeyratne-and-others-appointed-to-new-rti-commission-465185.html

• The passing of an iconoclast – Nihal Ratnaike

– island.lk/the-passing-of-an-iconoclast/

– island.lk/fun-times-at-the-observer-with-nihal-ratnaike/

• Journalist with the best in work and write

– island.lk/journalist-with-the-best-in-work-and-write/

• Heard at the club

– island.lk/heard-at-the-club-4/

• Noel Crusz was Director of the ‘Catholic Hour’ for Radio Ceylon

– sundaytimes.lk/211212/plus/appreciations-7-464812.html

• Kandy Chiefs took Christian names and converted to seek favour from the English

– dailymirror.lk/news-features/Former-President-Sirisena-made-Keppetipola-and-others-heroes/131-226832

• Local art to get a global clientele with Kathbitha.Com

– island.lk/local-art-to-get-a-global-clientele-with-kathbitha-com/

• Cash from Taiwan island into US think tanks results in tougher rhetoric on China

‘”When it wanted better relations with Beijing in the 1970s, the US turned its back on Taiwan, showing that its friendship is fickle,”’

– globaltimes.cn/page/202112/1241244.shtml

• NYT editors, or Aikins on ‘friendly advice’ took out detailed description of Kabul Mass Murder

– moonofalabama.org/2021/12/the-fall-of-kabul-story-misses-some-damning-details.html

• In China, most media organizations are under the ministry of education

– bizenglish.adaderana.lk/to-dig-a-deep-well-you-begin-with-a-shallow-pit-chinese-media-continue-the-long-march-2/

• China berates U.S. over double standards on free speech after Julian Assange verdict

– radiohc.cu/en/noticias/internacionales/279854-china-berates-us-over-double-standards-on-free-speech-after-julian-assange-verdict

• U.S. Corporate Media Watch: An Interview with Richard Medhurst

‘The United States and its European allies love pretending they are civilized, “true democracies,”’

– blackagendareport.com/us-corporate-media-watch-interview-richard-medhurst-0

• Pioneering Black feminist and writer, bell hooks, dies at 69

– radiohc.cu/en/noticias/internacionales/280031-pioneering-black-feminist-and-writer-bell-hooks-dies-at-69

• If the internet were a country, it would be the sixth biggest user of electricity.

– newsclick.in/Why-Internet-Itself-Major-Environmental-Problem

• Record 488 journalists imprisoned, 46 killed in 2021: Reporters Without Borders

– ft.lk/front-page/Record-488-journalists-imprisoned-46-killed-in-2021-RSF/44-727791

• 6ixBuzz pits communities against each other

– torontolife.com/city/the-secret-life-of-6ixbuzz/

– canadaland.com/reporting-on-6ixbuzz/

• RCMP make political and ideological determination of who is and who isn’t a journalist

– canadaland.com/amber-bracken-michael-toledano-press-freedom

• Which media were included in Trudeau’s $10 million top-up fund

‘Government subsidies for selected news organizations keep growing’

– canadaland.com/media-in-trudeaus-10-million-top-up-fund/

• Over Troubled Rogers

– canadaland.com/rogers-family-succession-kelly-pullen/

• Amazon Web Services that Knocked Out Large Swaths of East Coast Internet Services

– wallstreetonparade.com/2021/12/americans-know-very-little-about-amazon-web-services-that-knocked-out-large-swaths-of-east-coast-internet-services-on-december-7/

• From Bob Dylan to Bruce Springsteen: Why Song Rights Sales are Booming

‘Selling rights has also become necessary in the brave new world of online music streaming, where revenues are much lower than traditional hard copy record sales.’

– newsclick.in/From-Bob-Dylan-Bruce-Springsteen-Song-Rights-Sales-Booming

_________________________________________________

email: econenews@gmail.com

blog: eesrilanka.wordpress.com

_________________________________________________

Published by ee ink.

This site is inspired by the dedicated scholarship and work of S.B.D. de Silva, author of "The Political Economy of Underdevelopment"

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