For about a week after the Dubai crisis broke, international financial markets chose to ignore it. Stock-markets climbed, commodity prices rose and the dollar continued to be beaten down. It is not too difficult to explain this initial indifference. For one, the magnitude of the Dubai crisis appeared piffling, at first glance, compared to the “subprime” crisis or the meltdown following “Lehman’s bust”. When global banks had run up losses...

One-third of India is starving. In fact, this population has been in a state of chronic hunger, a factor which should be taken into account while evaluating the poverty situation, human rights activist and eminent doctor Binayak Sen said in a lecture at the Tata Institute of Social Sciences here on Monday. As a physician, “it’s been my privilege to read the politics of the bodies of my people,” said Dr....

The world’s biggest industrial disaster took place in Bhopal on December 3, 1984 taking a toll of 20,000 lives and affecting 5.69 lakh people. The twentyfifth anniversary of that massive mishap at the Union Carbide plant in the city is being observed across the country today. That disaster is a crying shame for all our citizens. Why? For three reasons. First, the real culprit behind the mishap, the Union Carbide management,...

In energy infrastructure alone, the transformational ambitions the Copenhagen meet is expected to set will cost more than $10 trillion in additional investment.  If negotiators reach an accord at the climate talks in Copenhagen it will entail profound shifts in energy production, dislocations in how and where people live, sweeping changes in agriculture and forestry and the creation of complex new markets in global warming pollution credits. So what is...

Worthies such as Ratan Tata who have been lobbying the government to go easy on Union Carbide Corporation (http://www.indiaenvironmentportal.org.in/files/5_27.pdf) would do well to read Carbide’s useful FAQs on the 25th anniversary of the Bhopal gas tragedy, which claimed over 10,000 lives. Worse, over 5 lakh humans, including those born after the disaster, are still suffering the consequences of the gas leak. Even now, Carbide refuses to accept any kind of...