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pdf The Hole in the Pocket

291 downloads

pocket 50This report from ActionAid looks at unpaid corporate taxes as the missing link in development finance. "Christian Aid estimates, on the basis of figures quoted by the World Bank, that corporate evasion through abuses of trade pricing costs developing countries around $160bn each year - which if spent according to current patterns would, among other things, avert the deaths of around 1,000 children under-five every day." Alex Cobham of Christian Aid and Anna Thomas of ActionAid continue: "Our analysis also shows that the same lack of transparency and use of tax havens that make these abuses possible are also responsible for the financial crisis which is now hitting the poorest hardest."

pdf Economic Greed is a Spiritual Crisis

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greed 50This is a 2008 article by Ann Pettifor, published in the Guardian, and used by Micah Challenge as a prayer issue in November 2008

pdf A New Debt Crisis

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crisis 724x1024As the financial crisis leads us into a deep recession at home, what impact is the economic downturn having on the world’s poor, and in particular what might be the consequences for developing country debt? This report is intended as a wake-up call to anyone who thinks the developing world debt crisis has been resolved.

In recent years refugee issues have dramatically increased. Whether it is the surge of refugees trying to get into Europe, the flow of refugees from some of the war zones of the Middle East, the Rohingyas fleeing from Myanmar into Bangladesh or Australia’s issues with blocking refugees and putting boat...
By the middle of last week the warnings were going out: A major cyclone is heading up the Bay of Bengal. Cyclone Fani (pronounced “Foni”) was classified as a “very severe cyclonic storm”, and was going to hit first the coastal areas of Odisha State (the Indian State to the south west of West Bengal), and...
Recently I went into one of our big retail stores to buy a pair of jeans. I walked out without even trying on a pair. Why? Because the jeans that I saw were so cheap that I could not believe that the Bangladesh garments workers involved in their manufacture could possibly have been paid a fair wage. Now...