-The Guardian 'Pathway for a sustainable future' declared, but Greenpeace says summit was failure of epic proportions Amid doubt, disappointment and division, the world's governments came together in Rio on Friday to declare "a pathway for a sustainable century". At the close of the Rio+20 Earth Summit, heads of state and ministers from more than 190 nations signed off on a plan to set global sustainable development goals and other measures to...
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Rio+20: Earth summit dawns with stormier clouds than in 1992-John Vidal
John Vidal, who was in Rio for the '92 Earth summit, looks back at that momentous event, and how the 2012 version compares Helicopters thundered up and down the chic Copacabana and Ipanema beaches. Tanks guarded the bridges and tunnels. The favelas were in lockdown, schools closed and supermarkets stood empty. Unexpectedly, George H W Bush, the 41st US president, flush with success at the collapse of communism, had arrived in...
More »Asia's increasing rich-poor divide undermining growth, stability - ADB report
-Daily News Asia's rapid growth is leaving millions behind, causing a widening gap between rich and poor that threatens to undermine the region's stability, according to a new report from the Asian Development Bank (ADB). "Another 240 million people could have been lifted out of poverty over the past 20 years if inequality had remained stable instead of increasing as it has since the 1990s," said ADB's Chief Economist Changyong Rhee. The Asian...
More »ADB urges Asia to tackle rising income gap
-AFP The Asian Development Bank (ADB) Monday urged regional governments to tackle rising income inequality with more urgency, warning any delay could undermine social cohesion and economic growth. Rajat Nag, ADB's managing director-general, said failing to address the problem now could spark further dissatisfaction and lead governments to resort to populist measures to appease their citizens. But populist measures like fuel subsidies and cash grants are taxing on state coffers and could result...
More »Give us growth and we’ll handle the inequality-Manas Chakravarty
Deng Xiaoping, the architect of modern China, had a sharp, snappy way of putting across what he wanted to say. Some of his eminently quotable quotes include: “It doesn’t matter if the cat is black or white so long as it catches mice” and “Poverty is not socialism. To be rich is glorious”. But there’s another, less well-known and even more controversial quote also attributed to him: “Let some people...
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