united-nations

Costar…

Government Properties Income Trust acquired 305 E. 46th Street in New York City from Extell Development Company for $114 million, or approximately $742 per square foot. The 16-story, 153,689-square-foot office building was built in 1928 and is located between First and Second Ave. in the United Nations submarket. The building currently houses the United Nations in a lease through 2018. James Gross of Williamson, Picket, Gross, Inc. represented…

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Government Properties Income Trust Acquires 305 E 46th for $114M

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Huffington Post…

It’s no secret that current account imbalances exist around the world. In many cases, these imbalances may be benign and merely reflect market-driven differences in savings and investment, or differences in stages of development. In other cases, persistent global imbalances may be unsustainable and may threaten growth in the long run. Thus, it’s no surprise that addressing imbalances has been a key focus in recent G-20 discussions. Nor is it surprising that the World Bank and IMF are working with key partners such as the Organization for Economic Cooperation and Development (OECD), International Labor Organization (ILO), World Trade Organization (WTO), and United Nations Conference on Trade and Development (UNCTAD) to provide technical inputs to help coordinate economic policy among the G-20 members. Despite a brief decline during the global financial crisis, current projections show that imbalances could widen again as the world economy recovers. In the most recent Economic Premise , the World Bank’s research series on good practices and key policy findings, author Zia Qureshi explores the relationship between global imbalances and growth. In his note, “Rebalancing, Growth, and Development in a Multipolar Economy,” Qureshi argues , “In a progressively multipolar world economy, the goals of global growth, rebalancing, and development are increasingly interlinked.” He continues, “Looking ahead, developing countries will likely continue to lead growth in the global economy.” Indeed, the increasing role of developing countries in fueling global growth is precisely what Marcelo Giugale and I highlight in our recent book , The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World. In the near future, we can expect to see a switchover in the drivers of global growth, with developing countries emerging as the new locomotives of growth. To be sure, in 2010, developing countries and emerging markets contributed close to one half of global growth. Against this background of global imbalances and the increasing economic power of developing countries, Qureshi highlights key policy recommendations that will ensure a win-win result for rebalancing and development. By investing in infrastructure in developing countries, ensuring consistent capital flows to emerging markets, pursuing financial sector reforms under the Basel III framework and supporting open trade, policy makers can better manage imbalances and augment development. This blog was originally posted on the World Bank Institute Growth and Crisis website .

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Otaviano Canuto: Managing Economic Policy in a Multipolar World

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Otaviano Canuto: South-South Trade Is the Answer

May 11, 2011

Istanbul is now at the center of the development action. In this splendorous city — where West and East converge — leaders from all over the globe have gotten together this week to assess the development results and challenges of the world’s poorest countries. One of the goals of the 4th United Nations Conference on Least Developed Countries is to reduce the number of these nations from the current 48 to 24 over the next decade. And one of the things we can do to ensure this is to increase trade and South-South trade in particular. Some skeptics point out that the over-dependence of low-income countries on commodities and natural resources has limited their economic prospects. Or that it was precisely through trade and financial integration that the 2008 financial crisis was transmitted to many emerging markets, while poorer and less integrated economies remained isolated from the worst of the crisis. But the reality is that in the recovery from the crisis, trade is becoming a powerful engine for economic opportunity. And not in the traditional way. South-South trade is becoming increasingly important. World Bank data shows that while demand in developed countries remains stagnant, trade among developing nations is growing. Between 1996 and 2006, South-South trade tripled and nearly half of imports to low- and middle-income countries now come from other countries like them. China is leading much of the recovery. While the OECD , a group of the wealthy nations, still accounts for most imports, its share has dropped from 69 percent to 59 percent in only eight years. China’s share, on the other hand, has increased from eight to 14 percent. The least developed countries can benefit from the South-South trend because countries like China, India, Brazil and other leading emerging economies are becoming new markets for their products. Beyond volume, poor countries often face significant non-price barriers to breaking into markets in high income countries — like meeting technical standards — so the barriers to entry to developing countries may be lower. And even if traditional barriers tend to be higher in the South than in the North, lowering these would provide an incredible boost to the exports of the least developed countries. In addition, South-South trade can promote diversification, which is key to offset the over-reliance on natural resource exports that many of the poorest countries face. But no matter what they do — whether they continue exporting to high income countries or diversify their exports by finding new markets in the South — the least developed countries need to reduce their trade costs. How? By improving trade logistics — the capacity to efficiently move goods and connect manufacturers and consumers with international markets–and trade facilitation, which goes from better infrastructure (like in ports and transportation corridors) to faster border agencies. It might sound daunting but it is possible. Development agencies like the World Bank are increasing their work on Aid for Trade and trade facilitation. High income countries have a lot to do too. In addition to keeping their markets open to the exports of poor countries, they should help pay for the infrastructure and other trade facilitation improvements in the South. If everyone recognizes that trade increases are at the core of the economic recovery from the global crisis, the benefits will also be global. This blog was originally posted on the World Bank Institute Growth and Crisis website .

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Big Banks Face Criticism For Their Speculative Role In Global Food Crisis

May 2, 2011

Today, rising food prices are reeking havoc in the developing world. While some blame overpopulation, and others ethanol, another culprit has emerged of late: banks and the role of speculative commodity indexes. The primary danger of the indexes, according to a new article by Frederick Kaufman in Foreign Policy , is that they fundamentally alter the food market by transforming key stapes into a financial asset that performs more or less like a stock. So while billions worldwide scramble to find money pay for food, food prices are often subject to intensified distortions of supply and demand from speculative markets. Since 1999, when the government first deregulated the commodities market, Kaufmann explains, investors have flocked to investing in food. The basis for that excitement is a Goldman Sachs-developed innovation known as the commodity index. Today, Kaufmann says, it’s a tool that has been replicated throughout the banking industry. The excitement over commodities trading has only picked up in the years since the financial crisis first brought the world economy — and the U.S. housing bubble — to its knees. That, Kaufmann says , was when this really kicked off: “The money tells the story. Since the bursting of the tech bubble in 2000, there has been a 50-fold increase in dollars invested in commodity index funds. To put the phenomenon in real terms: In 2003, the commodities futures market still totaled a sleepy $13 billion. But when the global financial crisis sent investors running scared in early 2008, and as dollars, pounds, and euros evaded investor confidence, commodities — including food — seemed like the last, best place for hedge, pension, and sovereign wealth funds to park their cash… In the first 55 days of 2008, speculators poured $55 billion into commodity markets, and by July, $318 billion was roiling the markets. Food inflation has remained steady since.” Criticism of this speculation has heated up in recent weeks, with the Asian Development Bank releasing a report critical of the trend and recommending the elimination of policies “that create hurdles in transferring food from surplus to deficit regions.” Last September, the United Nations Special Rapporteur On The Right To Food wrote that “a significant portion” of rising food prices was due to the role of speculation. And then last week, Barclays Capital, the United Kingdom’s biggest commodity trader according to World Development Movement , became the target of protests by anti-poverty groups. “First, it was sub-prime mortgages, now it’s food commodities,” Deborah Doane, director of the World Development Movement, said, according to the Guardian . “The lack of transparency in these markets bears worrying resemblance to the behaviour that led to the 2008 financial crash.” Regardless of the reason, there is no denying that rising food prices have had a tangible affect around the globe. In mid-April, the World Bank reported that with food prices rising 36 percent from last year, at least 44 million people worldwide have been pushed into poverty since last June. With 1.2 billion people living on less than $1.25 per day, even small food price shocks can be devastating. Read the full Foreign Policy piece here.

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Barbara R. Arnwine: Collective Bargaining Rights Are Key for Workplace Equality

March 23, 2011

Women’s History Month is a very special time to reflect upon both the particular challenges that women continue to face in the workplace and upon the new opportunities that will arise for economic equity. It’s also a time is to appreciate the struggles of the Sheroes who came before us who opened the doors of opportunity. It is up to us to recognize the significance of being women and also the importance of being a part of a broader collective that lifts the stature of everyone — male and female. We must ask ourselves, how do we both acknowledge the persistent disparities and concerns of the past while also looking to the future for continued upward mobility for all? Gender-based issues of increasing unemployment, job silos, unequal pay, sexual harassment and the “Old Boys Network” continue to haunt the American workplace and denigrate the economic status of women. And this affects everyone. The fact is, it’s not quite time for “post-gender” thinking. Take the l atest unemployment figures . While we added some 192,000 jobs in February, the overall scenario for women was not rosy. The National Women’s Law Center notes that over the course of the recovery, women’s overall unemployment rate increased from 7.7 percent to 8 percent, while men’s dropped from 9.8 percent to 8.7 percent. Even more disheartening, between July 2009 and February 2011 unemployment rates increased for single mothers (from 12.6 percent to 13 percent) and African-American women (11.8 percent to 13 percent). Recently, we witnessed the crisis facing public workers in Wisconsin. Governor Walker’s actions are of immense importance to women and stand in direct contradiction to our continued progress. According to the Bureau of Labor Statistics , women comprise 52 percent of state-level public sector jobs and 61 percent at the local level. The impact on state and local job cuts in the public sector will be especially devastating to women at a time when the recession has already disproportionately impacted us. Women of color, already facing large pay gaps, are in danger of falling still further behind as bargaining rights disappear. Dr. Steven Pitts of UC Berkeley’s Center for Labor Research and Education notes that black women in the public sector earn a median wage of $15.50 an hour, while the sector’s median wage overall is $18.38 (white men make $21.24). This is not so surprising when you consider that African-American women comprise only 12.2 percent of labor unions. This data exemplifies the compelling need for workers to have the ability to bargain for equal rights in the workforce. The wage gap remains an important civil rights crisis for women. We have made gains in areas of education and employment, yet we know that we have not been fully acknowledged in the workplace when the paycheck arrives. This illustrates the distinction between the evolution of personal achievement and universal women’s emancipation. Barriers still confront women in many professions and prevent us from achieving true equality. While we should appreciate the success stories, such as women’s increased access to law firms, there are still challenges to overcome. The retention rate, for example, tells a bleaker story about how women fare in the legal profession. The attrition rate for white female attorneys within 55 months is 77 percent, while minority female attorneys at law firms have the highest attrition rate, at 41 percent within 28 months and 81 percent within 55 months. A Diversity and the Bar report notes that women of color often feel isolated in an “old boy’s network” environment. It appears that white male attorneys share a greater opportunity for advancement, perhaps because often times those in power (white males) are connected most with people like them. While it is critical that law firms fulfill their responsibility to systemically address these barriers to women’s achievement, women must also assist in advancing each other. This year marked the 100th Anniversary of International Women’s Day. The United Nations highlighted , as I have, that despite the gains made, much remains to be done to eliminate gender discrimination. Until these vast disparities are addressed and systematically dismantled, this country’s economic viability for the future will never be fully realized. The time for a level playing field is long overdue. As women, we must find our voices and be active in advocating for real equality in these times. And we must always look beyond the headlines to find “her” story. This originally appeared on New Deal 2.0 .

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Video: Hultman Sees Reassessment of Nuclear Energy: Video (Correct)

March 22, 2011

(Correct spelling of guest’s name.) March 22 (Bloomberg) — Nathan Hultman, a professor at the University of Maryland School of Public Policy and fellow at the Brookings Institution, and Bloomberg New Energy Finance’s Chris Gadomski talk about the damaged nuclear reactors in Japan and implications for global energy policy. The United Nations’ nuclear agency plans an emergency meeting to discuss the crisis at Japan’s Fukushima Dai-Ichi power plant as hundreds of cars streamed south of areas hit by last week’s earthquake and tsunami. Hultman and Gadomski spoke with Pimm Fox on Feb. 16 on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)

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Video: Libya Declares Cease-Fire After UN No-Fly Resolution

March 18, 2011

March 18 (Bloomberg) — Libya said it is ceasing all military action and will start talks with rebels, reacting the day after a United Nations vote cleared the way for strikes against leader Muammar Qaddafi’s regime. Bloomberg’s Lara Setrakian reports. (Source: Bloomberg)

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Video: Jason Schenker Says $20 Premium Built Into Crude Prices

March 18, 2011

March 17 (Bloomberg) — Jason Schenker, president of Prestige Economics, and Richard Falkenrath, a principal at the Chertoff Group and a Bloomberg Television contributing editor, discuss the outlook for crude oil prices after the United Nations Security Council voted in favor of military action against Libya. They speak with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” Schenker also talks about natural gas prices. (Source: Bloomberg)

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Video: Jason Schenker Says $20 Premium Built Into Crude Prices

March 18, 2011

March 17 (Bloomberg) — Jason Schenker, president of Prestige Economics, and Richard Falkenrath, a principal at the Chertoff Group and a Bloomberg Television contributing editor, discuss the outlook for crude oil prices after the United Nations Security Council voted in favor of military action against Libya. They speak with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” Schenker also talks about natural gas prices. (Source: Bloomberg)

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Video: Qaddafi Troops Face Possible Air Attack After UN Vote

March 18, 2011

March 18 (Bloomberg) — Muammar Qaddafi’s troops outside the rebel base of Benghazi may face air strikes from the U.S., France and other allies after the United Nations Security Council authorized the use of force against the Arab regime. The council’s resolution, approved yesterday 10-0 with five abstentions, allows “all necessary measures” to protect civilians. Bloomberg’s Hans Nichols reports. (Source: Bloomberg)

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Video: Blix Says Nuclear Energy Expansion Is a `Necessity’

March 15, 2011

March 15 (Bloomberg) — Hans Blix, former United Nations chief weapons inspector, talks about the impact of the Japanese nuclear plant crisis on the future expansion of the nuclear energy industry. Blix speaks with Andrea Catherwood on Bloomberg Television’s “Last Word.” (Source: Bloomberg)

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Team Trev Successfully Crossed the Finish Line of Zero Race at the United Nations Palais de Nations

February 25, 2011

Team Trev Successfully Crossed the Finish Line of Zero Race at the United Nations Palais de Nations

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Video: Luescher Says UN `Hopeful’ G-20 to Address Food Security

February 12, 2011

Feb. 11 (Bloomberg) — Bettina Luescher, spokesperson for the United Nations World Food Program, talks about global food security. She speaks with Carol Massar on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

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Video: Ban Ki-Moon Calls U.S. `Most Important Partner’ for UN

January 21, 2011

Jan. 21 (Bloomberg) — United Nations Secretary-General Ban Ki-moon talks about UN relations with the U.S. and global diplomatic challenges. He spoke with Tom Keene yesterday in an interview broadcast on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)

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Video: Abbassian Says Global Food Prices May Keep Rising

January 13, 2011

Jan. 13 (Bloomberg) — Abdolreza Abbassian, senior economist at the United Nations’ Food and Agriculture Organization, discusses global food prices. The Rome-based FAO said last week that its world food-price index rose to a record in December, topping a previous all-time high set in June 2008. Abbassian speaks from Rome with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)

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Raymond Baker: As Anti-Corruption Day Passes, a Look Back at 2010

December 13, 2010

In October 2003, the United Nations General Assembly adopted the UN Convention Against Corruption (UNCAC) and designated December 9th as International Anti-Corruption Day . With Anti-Corruption Day now in the rear-view mirror, Global Financial Integrity looks back on the past year to see how anti-corruption efforts fared. Overall, 2010 featured promising action and an overall strong focus on anti-corruption work by the U.S., UK, G20, and private sector entities. However, there still remain some significant challenges to anti-corruption efforts, not the least of which is the U.S. Chamber of Commerce’s efforts to weaken the U.S.’ flagship anti-bribery law. Scroll down to see some of the year’s most significant moments in anti-corruption, and vote for the slides you feel represent the biggest challenges or advances.

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Ron Ashkenas: How Companies Can Give More Than Just Thanks

November 24, 2010

Many cultures around the world celebrate a yearly thanksgiving festival, a time when we express our gratitude for a successful harvest. While observances and timing vary considerably based on different crops, climates, religions, and histories, the common thread is that we should set aside time to thank a higher power — or nature — for providing us with another year of sustenance. Although it’s common knowledge that effective food production is critical to our survival and worthy of a yearly ” thank you ” (especially in light of recent food recalls ), most of us in the modern, developed world take the annual harvest for granted. Although we are aware of droughts, floods, and fires that may affect food production in various parts of the globe, producing food for most of us is no longer a miracle — it’s an established industry . As a result, the Thanksgiving holiday, particularly in the United States , has become more about football and parade floats than the availability of food. The reality is that malnutrition and starvation have not been eradicated , even in the developed world, and may only worsen as the population expands. The food agency of the United Nations, the FAO, estimates that there are 925 million undernourished people in the world , largely because the calories produced worldwide (which should be sufficient) are not effectively utilized and distributed. So while there is abundance in some places, there are shortages in others. The FAO also reports that food production needs to rise by 70% in the next 40 years to meet population growth, while there will be less available land due to urbanization and climate change. According to their study, hitting this target will require a 50% annual increase in agricultural investment starting now. Clearly these macro-economic and developmental problems cannot be solved by any one person or organization alone. However, the Thanksgiving holiday (which comes this week in the United States) is a good time to think about what each one of us can do, both as individuals and as members of organizations . Here are a few ways to promote giving throughout the year: 1. Make giving easy. Talk to your leadership team about making it convenient for you and your colleagues to make charitable contributions beyond just the yearly United Way campaign. Due to the recession, donations to the 400 largest charities in the U.S. (including the United Way) dropped by 11% in 2009 . At the same time, contributions by people making over $200,000 per year fell by 35% . So, in these tough times when many aid organizations have fewer resources, it is all the more important to mobilize larger numbers of people to contribute. Obviously organizations cannot (and should not) force employees to give — but they can make giving easy by setting up payroll reduction plans, putting links to vetted charities on company websites, and providing forums for educating employees about social and community issues. 2. Cut back to give back. Consider ways of redirecting some of the lower-value items in your budget to community or social activities. For example, one company realized that it was supplying three biscuits (as well as coffee, tea, and soft drinks) for every person attending meetings in the headquarters building. By reducing the biscuit allocation it was able to save hundreds of thousands of dollars per year, some of which could be shifted to corporate giving. Another opportunity is to either reduce the luxury level of corporate offsites, and/or spend a portion of each offsite with your team doing community service. This not only benefits the community, but also develops the team . 3. Work together to give your time. Use the Thanksgiving holiday to talk with your team about doing or sponsoring a social service project together (again on an optional basis). Find out what kind of project they would feel good about, and tap into their interests and passions. Set a goal for what you want to accomplish, and then keep it going throughout the year. Although it may not be apparent, individuals and organizations can make a difference — especially if we all increase the giving that goes along with our thanks. How can your company give more? Cross-posted from Harvard Business Online .

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Video: Chhibber Says India Must Make Firing Employees Easier

November 15, 2010

Nov. 15 (Bloomberg) — Ajay Chhibber, a United Nations assistant secretary-general, talks about the prospects for industry in India absorbing millions of young people entering the labor market in the next five years. He speaks with David Tweed on Bloomberg Television’s “The Pulse.”

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Video: Malpass Says U.S. Duties on China Imports Will Hurt Both: Video

September 23, 2010

Sept. 24 (Bloomberg) — David Malpass, president and founder of Encima Global, talks about the prospects for the U.S. Senate to pass legislation which allows manufacturers to increase duties on imports from China to compensate for the effects of a weak yuan. President Barack Obama and Chinese Premier Wen Jiabao pledged their countries to closer cooperation on economic issues to foster the global recovery. In remarks to reporters before a meeting at the United Nations in New York, the two leaders didn’t directly address the friction points between China and the U.S., including China’s currency valuation and trade. Malpass talks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)

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Video: Ted Turner Sees UN Foundation Progress Against Polio: Video

September 23, 2010

Sept. 23 (Bloomberg) — Ted Turner, philanthropist and founder of CNN, and Tim Wirth, president of the United Nations Foundation, discuss the work of the foundation, which was established to disburse the $1 billion Turner pledged to the UN. Turner and Wirth talk to Betty Liu on Bloomberg Television’s “In the Loop.” They speak at the Clinton Global Initiative in New York. (This is an excerpt of the full interview. Source: Bloomberg)

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Jeffrey L. Sturchio: Using Business Skills to Solve Social Ills

September 22, 2010

When the world’s leaders gather in New York next week at a special summit on achieving the Millennium Development Goals (MDGs) by 2015, the United Nations will call on the global community to accelerate progress over the next five years. The MDGs require governments — in partnership with business, NGOs, faith-based groups and other stakeholders in civil society — to eradicate extreme poverty and hunger, achieve universal primary education, promote gender equality and empower women, reduce child mortality, improve maternal health, combat HIV/AIDS, TB, malaria and other infectious diseases, ensure environmental sustainability and develop a global partnership for development, all by 2015. We believe the role of the private sector, too often overlooked in international development, is critical — even indispensable — to speeding up progress on the MDGs. Some companies are already engaged, but many more can and will join the MDG effort. By aligning their business objectives and social investments with the MDG targets, corporations large and small can help move millions out of poverty. While the eight MDGs are interdependent, all depend on the success of Goal 1 (eradicating extreme poverty and hunger) and Goal 8 (forging a global partnership for development). Without achieving MDG 1 — which focuses on poverty alleviation through growth and economic development and on improved nutrition — we simply won’t have the rise in incomes needed to have a long-term sustainable impact. This is arguably the most important business of business. The rise of public-private partnerships (PPPs) shows what can be done when business collaborates creatively with other stakeholders to solve social problems — using business skills to solve social ills. The GAVI Alliance, established in 2000, exemplifies the creative potential of such partnerships in its work to achieve MDG 4 for child health — a two-thirds reduction in the number of deaths in children under the age of five by 2015. Governments, private sector philanthropies such as the Bill & Melinda Gates Foundation, the financial community, vaccine manufacturers, research and technical institutes, civil society organizations and multilateral organizations combine efforts to accelerate access to existing vaccines, introduce new technology and strengthen health systems in 72 developing nations to prevent millions of deaths from vaccine-preventable illnesses worldwide. Central to GAVI’s strategies are innovative financing mechanisms such as advance market commitments, in which donor money is used to guarantee a market for vaccine companies if they undertake development of vaccines for poor countries, or if the companies agree to build extra capacity to supply those markets with an existing vaccine. How did GAVI actually achieve success? It leveraged the market capabilities of corporations. It created incentives for research, development and new vaccines at a time when there was little commercial interest in vaccines for development. And it experimented with new means of creating markets for new technologies for the poor. The same principles that contributed to the success of GAVI can be applied to many of the other MDGs. By doing so and taking the resulting programs to scale, we would see much more rapid progress across a broad front. It’s been striking to see how, once the British government and the UN Development Programme issued their Business Call to Action in support of the MDGs, the response was extraordinarily positive among many diverse companies. The response was not only from senior management: even more impressive are the efforts by employees on the front lines in many of the countries facing the greatest MDG challenges. They recognize that the same core business capabilities that create profits can also advance social goals such as the MDGs. This co-creation of value sparks creativity and passion at all levels in the private sector to do even more to help achieve the MDGs. The ultimate test of the UN Summit’s success will be to re-energize efforts to achieve MDG 8 — a commitment to build a more secure and prosperous world through partnerships for global development. No single sector alone can fight poverty, hunger and disease, but the private sector can and should join forces with governments and other civil society stakeholders to bring hope and help to the world’s poorest people.

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Video: FAO’s Abbassian Says Food Price Increases Not a `Crisis’

September 6, 2010

Sept. 6 (Bloomberg) — Abdolreza Abbassian, senior grains economist at the United Nations’ Food and Agriculture Organization, talks about the outlook for food prices. He speaks on Bloomberg Television’s “The Pulse” with Andrea Catherwood.

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Video: UN Members Increase Pledges of Aid for Pakistan Floods

August 20, 2010

Aug. 20 (Bloomberg) — Bloomberg’s Simin Demokan reports on the Pakistan flood and the pledges of international aid from members of the United Nations including the U.S., U.K. and the European Union.

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Video: Mubashar Says Over 6 Million People Need Aid in Pakistan: Video

August 17, 2010

Aug. 18 (Bloomberg) — Oxfam International’s Mubashar Hasan speaks from Islamabad about aid efforts for victims of Pakistan’s floods. More than 3 million children are at high risk of deadly water-borne diseases in Pakistan, making them the most vulnerable victims of one of the worst natural disasters in history, the United Nations Children’s Fund said. Mubashar speaks with Linzie Janis on Bloomberg Television’s “Global Connection.” (Source: Bloomberg)

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UNFPA Inks 15-Year Deal, Following Complex Negotiation

August 1, 2010

The United Nations Population Fund (UNFPA) has agreed to a 130,740-square-foot lease at 605 Third Ave. in Manhattan, following a complex negotiation involving four separate parties. The UNFPA, a humanitarian organization that works to reduce poverty…

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Rep. Pete Stark: Currency Tax — A Way to Invest in Our Future

July 20, 2010

Each day, $4 trillion dollars of currency are traded. For international businesses and travelers, trading dollars for other currencies serve a legitimate purpose. However, nearly 80% of these transactions are undertaken by a handful of major banks. Experts agree that most of these transactions are made for purely speculative purposes. Wealthy traders and big financial institutions make huge bets on the fluctuations in currency value and they can make massive profits if their bets are correct. This type of speculation helped to worsen the recent financial crisis and serves no purpose other than making a few people and institutions even richer . Today, I introduced H.R. 5783, the Investing in Our Future Act. My legislation would simply impose a small tax — of five thousandths of one percent, or 0.005% — on these currency transactions. The money raised would be put toward investments in children, global health, and climate change mitigation. For the average person or business, this small tax will hardly be noticed. But, due to the extreme speculation that takes place, it would raise significant funds. Studies estimate that a worldwide 0.005 percent tax on dollar transactions would raise $28 billion a year and reduce currency speculation by 14 percent. Here at home, the funds from this fee would be used to improve the quality and affordability of childcare. This funding would provide more childcare options, so that working families can obtain the quality care their children need to begin school ready to learn. Internationally, the bill would create a U.S. fund to assist developing countries with the impacts of global warming. At the United Nations Climate Change Conference in December, President Obama pledged to fund our country’s commitment to mitigating the effects of climate change. This bill would make that promise real. Finally, the legislation would create a Global Health Trust Fund to fight HIV/AIDS, Malaria, Tuberculosis and other diseases that kill millions of people each year in developing nations. This money will fund treatments and prevention for these diseases, as well as research aimed at eradicating them altogether. For too long the needs of the financial industry have trumped initiatives that will help lift people out of poverty and give children a healthy start. The Investing in Our Future Act will aid in getting our priorities back in order, and reduce financial speculation by Wall Street. You can help – please call your Member of Congress and tell them to sign on as a co-sponsor of H.R. 5783. Find your member at http://house.gov

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U.S. Says It Stands by South Korea Amid Push for Sanctions Against North

June 16, 2010

By Bomi Lim June 17 (Bloomberg) — U.S. envoy Kurt Campbell appeared alongside South Korean Foreign Minister Yu Myung Hwan in Seoul today in a show of unity as the United Nations Security Council began discussing allegations North Korea torpedoed one of the South’s warships. “We are determined to show that our alliance is standing very firmly together during an absolutely critical period of time,” Campbell, the assistant secretary of state for East Asia, said at the beginning of talks with Yu. North Korea’s Ambassador to the UN, Sin Son Ho, warned this week his nation will respond militarily to any accusation by the UN Security Council of complicity in the March 26 sinking of the 1,200-ton Cheonan. Backed by the U.S. and Japan, South Korea is asking for Security Council condemnation of Kim Jong Il ’s regime for the attack, which killed 46 sailors. The multinational team that said on May 20 a North Korean torpedo caused the sinking briefed the Security Council on its evidence on June 14. China and Russia, which have veto power on the council, have resisted criticizing Kim’s regime for the attack. To contact the reporter on this story: Bomi Lim in Seoul at blim30@bloomberg.net

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North Korea Threatens to Strike South&rsquos Loudspeakers

June 12, 2010

By Jungmin Hong June 12 (Bloomberg) — North Korea warned of an “all-out military strike” to destroy South Korean loudspeakers and other propaganda tools along their fortified border, according to the North’s state-run Korean Central News Agency. South Korea’s preparation for psychological warfare, is a “direct declaration of a war” against the North, the general staff of the communist state’s military said today in a statement on KCNA. The North’s military retaliation may turn Seoul into “a sea of flame,” the statement said. The South has already installed loudspeakers in 11 places along the border and is attempting to set up electronic displays, according to the statement. South Korea hasn’t detected any abnormal activities near the border area with the North, Yonhap News said following the KCNA report today, citing South Korea’s Joint Chiefs of Staff . Tensions have risen on the Korean peninsula since an international panel concluded on May 20 that the North was behind a torpedo attack that sank the Cheonan warship, killing 46 of the South’s sailors. South Korea’s president Lee Myung Bak has taken the case to the United Nations Security Council, backed by the U.S. and Japan, to seek a resolution condemning North Korea. The North says the allegations are fabricated and has threatened to retaliate over any punitive action taken against it. South Korea will resume anti-North broadcasts across the border after the United Nations Security Council makes a determination about the sinking, Yonhap News reported yesterday, citing South Korea’s defense minister. To contact the reporter on this story: Jungmin Hong in Seoul at jhong47@bloomberg.net

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Legally Binding Climate Deal Unlikely Untio 2011, UN’s Yvo De Boer Says

June 10, 2010

By Alex Morales June 10 (Bloomberg) — An international treaty to fight climate change is likely to take shape during United Nations talks in December and be completed a year later, the UN’s top climate official Yvo de Boer said. The main ingredients of the accord may be set at a two-week summit in November and December in Cancun, Mexico, he told reporters today in Bonn. Countries likely will give legal form to the deal in late 2011, said de Boer, who failed in his attempt to marshal more than 190 countries into completing a treaty at talks last December in Copenhagen. “We really should have got a deal in Copenhagen,” de Boer said today in the German city, where almost two weeks of negotiations are taking place. “We really should have given the world that clarity last year.” De Boer, who announced his resignation in February and will leave his post next month, cast his vote in a poll of climate talks participants run by the environmental group WWF to ask when a deal is likely to be reached. He ticked two boxes, for the Cancun meeting and for the subsequent summit in South Africa at the end of 2011. “Countries want to know what they’re signing up to before they sign it,” de Boer said. “In Cancun we can get a fully functioning architecture” that includes deforestation, climate aid, greenhouse gas cuts and the transfer between countries of green technologies, he said. “That functioning architecture will give countries enough confidence to say we want to turn this into a binding treaty. That will come in South Africa.” To contact the reporter on this story: Alex Morales in Bonn at amorales2@bloomberg.net .

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Iran Sanctions Approved in UN Council Vote Turkey, Brazil Opposed Measure

June 9, 2010

By Bill Varner June 9 (Bloomberg) — The United Nations Security Council voted to impose new sanctions on Iran that restrict financial transactions, tighten an arms embargo and authorize the seizure of cargo linked to its nuclear or missile programs. The 15-nation Security Council voted 12 to 2, with one abstention, to adopt a resolution that freezes the assets of 40 companies, banks and government agencies, and bars the foreign travel of Javad Rahiqi, head of a branch of the Atomic Energy Organization of Iran. Turkey and Brazil voted against the measure, and Lebanon abstained from the vote. The new round of sanctions is aimed at blocking Iran’s ability to develop nuclear weapons and pressuring the country to join international talks. Iran says its nuclear development work is intended for energy production. To contact the reporter on this story: William Varner in New York at wvarner@bloomberg.net

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Obama Plans November Trip to `Rising Power’ India as Ties Widen

June 4, 2010

By Nicole Gaouette June 4 (Bloomberg) — President Barack Obama said he will visit India in early November as he works to deepen U.S. ties with the Indian government on issues ranging from nuclear proliferation to trade. Obama, speaking at a reception in Washington for the visiting Indian delegation led by Foreign Minister S.M. Krishna , said yesterday that India is “indispensable” to the future the U.S. seeks. India is “a rising power and a responsible global power,” Obama said at the State Department. He described the nation as one of the “21st century centers of influence.” Krishna and Secretary of State Hillary Clinton , who joined Obama at the event, are leading the inaugural set of strategic talks on relations between the world’s two largest democracies. The so-called strategic dialogue will also encompass agriculture, education and environmental and clean-energy technologies, an area where Krishna said the U.S. and India should collaborate. Krishna praised a decision to deepen cooperation on trade and moves to liberalize U.S. export controls that apply to India. In 2009, $66 billion in trade flowed between the U.S. and India, more than 10 times the trade level in 1990. “India’s rise is a defining storyline of the early 21st century,” Clinton said as she began the talks with Krishna yesterday. The nation’s rise required the U.S. to reassess global governance institutions and “will certainly be a factor in any future consideration of reform of the United Nations Security Council,” Clinton said. Logical Step The opening session of the talks touched on the Mumbai terror attacks in November 2008, with Krishna saying it would be a “logical next step” for the U.S. to allow India access to individuals detained in connection with the assault. Krishna also pledged to continue Indian support for development in Afghanistan, where Obama is widening U.S. military involvement in an attempt to weaken the Taliban and bolster the elected government. The U.S. and India work closely on counter-terrorism measures, Clinton said. She said they would work to better share intelligence, train first responders and increase military cooperation. The U.S. military holds more joint exercises with India’s armed forces than with any other military in the world, Clinton said. She said that both nations agreed that service-level exchanges, security dialogues and technology transfer should be further strengthened. The two sides also recognized “the scope for enhancement of defense trade between both countries to the mutual benefit of both sides,” according to a State Department fact sheet. To contact the reporter on this story: Nicole Gaouette in Washington at ngaouette@bloomberg.net .

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David Isenberg: There is More Than One Way to Use a Maritime PSC

May 30, 2010

On May 27 I wrote about the pros and cons of using private security contractors to fight piracy. But that article considered just the use of putting armed guards aboard ship. That is not the only way, or even the best way, private security firms can be involved in fighting pirates. Using private contractors help provide security against pirates is an increasingly popular notion. Congressman Rep. Ron Paul (R-Tex.) called on Congress to “issue letters of marque and reprisal, deputizing private organizations to act within the law to disable and capture those engaged in piracy.” Indeed, this idea is grounded in the U.S. Constitution, which expressly invests Congress with authority to define piracy on the high seas and to issue letters of marque. (Art. I, § 8, cls. 10, 11). For detail let’s consider the article ” Reconsidering the Letter of Marque: Utilizing Private Security Providers Against Piracy ” by Maj. Theodore Richard, which was published in the Spring issue of the Public Contract Law Journal. Richard is an Air Force Judge Advocate and is currently serving as trial attorney in the Air Force Commercial Litigation Division in Washington, As Richard notes, piracy thrives in coastal regions where people are drawn towards criminality by desperate circumstances combined with an absence of law-enforcement authorities. The pirate scourge originated in the failure of the rule of law and international institutions to prevent exploitation of Somali waters. The now sophisticated and aggressive pirate operations are thought to have morphed out of a self-help police or military function into piracy earlier this decade. Somali fisherman started out trying to deter illegal dumping and fishing and graduated from attacking vessels to seizing them for ransom, with the Hawiye clan, based around Haradere in central Somalia, emerging as the dominant group of pirates in 2004. When the short-lived Union of Islamic Courts government took over the Haradere area in 2006, they suppressed local piracy, so the Darod clan, with strongholds around the east coast of Somalia and in the semi-autonomous Puntland region on the Gulf of Aden, took over the piracy role. By 2008 a United Nations report described the pirates as “loosely organized and poorly trained,” with a fluid membership. The report described two significant overlapping networks: one in Puntland, mainly consisting of the Majerteen clan, and another in central Somalia, mainly consisting of the Habar Gidir clan. Puntland’s current president, Abdirahman Mohamed Farole, has made fighting piracy a priority. During a meeting with an international delegation in February 2009, President Farole explained that military operations against the pirates would not be sufficient to end the piracy problem. Instead he “strongly suggested that the world must first address the root causes of piracy, including illegal overfishing and toxic waste dumping.” It is not excuse for piracy to point out that it is not well realized that illegal fishing by foreign vessels is a significant concern for Somali leaders: a United Nations Secretary General report lamented the “pillage of Somali Indian Ocean and Red Sea waters by literally hundreds of vessels from a variety of nationalities” and expressed concerns of overfishing and depletion of fish stocks. In 2005 some of the intruding vessels attacked local Somali fishermen and destroyed their boats and equipment. It should be no surprise that another United Nations report described the Somali fishery situation as resembling “naval warfare”: “Fishing boats are typically mounted with heavy anti-aircraft canons and many of the crews are armed.” This analogy has become even more appropriate in recent years, with reports of international naval vessels firing on local fisherman and protecting their own vessels illegally fishing in Somali waters. Richard points out that Puntland has employed a number of different security contractors since 2000, meeting with various levels of success. It first contracted the British company Hart Security (“Hart”) from 2000 to 2001. Hart was hired “mainly to protect Puntland’s maritime resources against illegal foreign fishing by providing training as well as on-ship support to the local Coast Guard.” The company’s force consisted of one boat and seventy men, primarily Somalis with a balanced composition from the local clans. Hart was financed through the sale of fishing licenses. “Hart was very successful: the frequency of piracy declined, and the nucleus of a relatively efficient coast guard was formed with its spine consisting of British advisors and British-trained Somali militia acting as boarding parties. Hart successfully tapped British legal resources to settle international disputes. For example, when the Somali coast guard detained a Spanish ship for illegal fishing, Hart contacted a British law firm and resolved the matter through arbitration. Hart did not simply ransom the vessel, but made use of a legal international dispute resolution forum, strengthening Puntland’s legal authority. Hart stood apart from its successors by respecting the rule of law; it actively sought legal advice and followed fisheries guidelines. Internal conflicts within Puntland ultimately doomed the Hart Group. Other companies — such as SOMCAN, Al Hababi Marine Services, TopCat Marine Security, Northbridge Services Group, Secopex, Odyssey Consulting SA — that followed Hart did less well, for a variety of reasons; some their own fault, and others beyond their control. The point here is that maritime security contractors can be hired for a variety of purposes. Putting armed guards aboard ships is just one of them. As that is a defensive measure it is inherently a reactive, rather than a proactive one. In medical terms it is a cure and not a preventive measure. Using contractors to help provide a comprehensive coast guard force is likely a better way to go. If governments, rather than commercial shipping companies, hired private security contractors for that purpose we might see real progress in fighting pirates. But that, as Richard notes “must be centrally organized and controlled.” In that regard letters of marque might be a useful tool. Richard concludes that: Littoral governments should reconsider letters of marque to license and control privatized maritime security. The letters can be used to license defensive weapons on merchant vessels, and could even be used to authorize active anti-piracy operations. Furthermore Somali governments can use the letters to deputize their security contractors. Maritime security contractors can be part of the solution to piracy–especially if they are properly licensed and regulated through letters of marque.

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Hatoyama Discusses North Korea With Obama, Plans Okinawa Base Announcement

May 27, 2010

By Takashi Hirokawa and Sachiko Sakamaki May 28 (Bloomberg) — Japan’s Prime Minister Yukio Hatoyama spoke with President Barack Obama today ahead of announcing his plan to relocate a U.S. military base in Okinawa that has outraged local residents and caused dissension in his Cabinet. Hatoyama this week said he had “no choice” but to relocate the Futenma Marine Air Base within Okinawa, abandoning a campaign pledge to move it elsewhere. He cited security threats from countries such as North Korea, which has cut off ties with South Korea and threatened war after a report said it was behind a deadly attack on a South Korean naval ship. “We’ll present our conclusions today,” Hatoyama told reporters in Tokyo. He said Obama expressed his appreciation for resolving an eight-month dispute that had frayed ties. The two leaders discussed North Korean aggression and said they would respond through the United Nations Security Council, he said. The decision to keep the base on Okinawa is opposed by Japan’s Social Democratic Party , a minority member of Hatoyama’s Democratic Party of Japan -led government. SDP leader and Cabinet minister Mizuho Fukushima said she won’t support the agreement, and today reiterated that it is up to Hatoyama whether to fire her. To contact the reporters on this story: Takashi Hirokawa in Okinawa at thirokawa@bloomberg.net ; Sachiko Sakamaki in Tokyo at Ssakamaki1@bloomberg.net

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Kim Jong Il Ordered Military to Prepare for Combat Last Week, Group Says

May 24, 2010

By Bomi Lim May 25 (Bloomberg) — North Korean leader Kim Jong Il ordered the country’s military to get ready for combat in a message broadcast nationwide last week following South Korea’s announcement that North Korea torpedoed the South’s warship. The message was broadcast on May 20 by O Kuk Ryol, vice chairman of the National Defense Commission, according to the website of North Korea Intellectuals Solidarity , a Seoul-based group run by defectors from the communist country. Yonhap News agency reported on the group’s posting earlier today. While Kim doesn’t want war, North Korea is ready to counter any attacks from South Korea, O said in the message, according to the group, which cited an unidentified person in the country. North Korea Intellectuals Solidarity is one of the Seoul-based agencies to first report on North Korea’s currency revaluation late last year. Officials at South Korea’s Defense Ministry weren’t immediately reachable for comment. The South Korean won declined as much as 4.3 percent to 1,272.45 against the dollar after the Yonhap report. South Korean defense-related stocks rallied. Speco Co., a military installation parts developer, rose 12 percent to 5,360 won. Victek Co., which makes electronic warfare equipment, surged 7.8 percent to 4,420 won. South Korea’s President Lee Myung Bak said yesterday the country will push for United Nations censure against North Korea for the March 26 sinking of a naval ship, which killed 46 sailors. A multinational team concluded on May 20 that North Korea fired a torpedo to split apart the 1,200-ton Cheonan. Tensions are rising in the Korean peninsula following the report, with both sides threatening counter-measures should they come under attack. South Korea plans to define North Korea as its “main enemy” when it maps out military strategy, Yonhap reported today, citing a government official it didn’t identify. To contact the reporter on this story: Bomi Lim in Seoul at blim30@bloomberg.net

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Kim Jong Il Ordered Military to Prepare for Combat Last Week, Group Says

May 24, 2010

By Bomi Lim May 25 (Bloomberg) — North Korean leader Kim Jong Il ordered the country’s military to get ready for combat in a message broadcast nationwide last week following South Korea’s announcement that North Korea torpedoed the South’s warship. The message was broadcast on May 20 by O Kuk Ryol, vice chairman of the National Defense Commission, according to the website of North Korea Intellectuals Solidarity , a Seoul-based group run by defectors from the communist country. Yonhap News agency reported on the group’s posting earlier today. While Kim doesn’t want war, North Korea is ready to counter any attacks from South Korea, O said in the message, according to the group, which cited an unidentified person in the country. North Korea Intellectuals Solidarity is one of the Seoul-based agencies to first report on North Korea’s currency revaluation late last year. Officials at South Korea’s Defense Ministry weren’t immediately reachable for comment. The South Korean won declined as much as 4.3 percent to 1,272.45 against the dollar after the Yonhap report. South Korean defense-related stocks rallied. Speco Co., a military installation parts developer, rose 12 percent to 5,360 won. Victek Co., which makes electronic warfare equipment, surged 7.8 percent to 4,420 won. South Korea’s President Lee Myung Bak said yesterday the country will push for United Nations censure against North Korea for the March 26 sinking of a naval ship, which killed 46 sailors. A multinational team concluded on May 20 that North Korea fired a torpedo to split apart the 1,200-ton Cheonan. Tensions are rising in the Korean peninsula following the report, with both sides threatening counter-measures should they come under attack. South Korea plans to define North Korea as its “main enemy” when it maps out military strategy, Yonhap reported today, citing a government official it didn’t identify. To contact the reporter on this story: Bomi Lim in Seoul at blim30@bloomberg.net

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South Korea to Take North to UN, Halt Trade Over Sinking of Navy Warship

May 23, 2010

By Bomi Lim May 24 (Bloomberg) — South Korea will seek United Nations Security Council action against North Korea and halt trade with its communist neighbor over the deadly torpedoing of one of its warships in March, which killed 46 sailors. North Korea shipping will also be banned from South Korean waters, President Lee Myung Bak said in Seoul today. North Korea last week threatened “all-out war” against any move to punish it, including any more UN sanctions. A multinational team concluded last week that North Korea was behind the March 26 torpedoing of a South Korean warship that killed 46 sailors. The attack was the deadliest blamed on Kim Jong Il ’s regime since the 1987 explosion of a South Korean airliner with the loss of 115 lives. U.S. Secretary of State Hillary Clinton on May 22 urged international action in response to the attack. Clinton, in Beijing for the second annual U.S.-China Strategic and Economic Dialogue, has made it clear to Chinese officials that the U.S. supports every step that South Korea will take, a U.S. official said yesterday. North Korea is already under UN sanctions after its second nuclear test in May 2009. Those sanctions led North Korea’s international trade to shrink 9.7 percent last year, while its dependency on China for goods increased, South Korea’s Korea Trade-Investment Promotion Agency said today in Seoul. South Korea and North Korea remain technically at war since their 1950-53 conflict ended in a cease fire, which was never replaced by a peace treaty. To contact the reporter on this story: Bomi Lim in Seoul at blim30@bloomberg.net

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Iran Sanctions Draft Accord Reached at UN on Nuclear Program, Clinton Says

May 18, 2010

By Viola Gienger May 18 (Bloomberg) — U.S. Secretary of State Hillary Clinton said the permanent member states of the United Nations Security Council have reached a draft accord on sanctions designed to pressure Iran over its nuclear program. “This announcement is as convincing an answer to the efforts undertaken in Iran in the past few days as any we could provide,” Clinton told the Senate Foreign Relations Committee when asked to react to a deal with Iran brokered by Brazil and Turkey. To contact the reporter on this story: Viola Gienger in Washington at vgienger@bloomberg.net

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Erdogan Will Meet With Lula, Ahmadinejad in Iran as Nuclear Sanctions Loom

May 16, 2010

By Ladane Nasseri and Steve Bryant May 16 (Bloomberg) — Turkish Prime Minister Recep Tayyip Erdogan unexpectedly left for Tehran today to join talks on Iran’s nuclear program that may be a last opportunity to avoid tougher international sanctions on the Islamic Republic. Brazilian President Luiz Inacio Lula da Silva earlier today met with his Iranian counterpart, Mahmoud Ahmadinejad . Neither leader mentioned nuclear talks in their statements to the press. The foreign ministers of Turkey, Brazil and Iran met for 2 1/2 hours today to discuss the nuclear issue, Turkey’s state-owned Anatolia news agency reported. “UN Security Council sanctions were a possibility because of Iran’s nuclear program,” Erdogan said in Izmir, according to Anatolia. “The talks have delayed that a little. God willing we’ll be able to overcome these difficulties with the steps that will be taken.” Russian President Dmitry Medvedev said on May 14 that Lula’s trip “may be the last chance” for a negotiated solution before the United Nations Security Council considers new sanctions. U.S. State Department spokesman Philip J. Crowley said on May 13 that if Lula fails, efforts to negotiate with Iran should end and pressure for sanctions should intensify. The U.S. and its allies accuse Iran of seeking to develop nuclear weapons under cover of its atomic energy program. Iran rejects the claim and says its activities are solely civilian. Turkey, which borders Iran to the west, opposes additional sanctions against the country and says diplomacy must be pursued. Turkish officials have several times stated their readiness for their country to serve as a venue for a swap of low-enriched uranium for nuclear fuel that can be used in a Tehran reactor for medical purposes. Bomb Core Uranium enrichment is at the center of world powers’ concern with Iran’s nuclear program. The material can fuel a reactor or, enriched to higher degrees, form the core of a bomb. Ahmadinejad, speaking at the UN on May 5, said a lack of trust in the U.S. and other Western powers is the principal reason Iran is pursuing its own enrichment program and hasn’t concluded a fuel swap agreement. “If the swap is to take place in Turkey, we thought we should go,” Erdogan said today, according to Anatolia. Under a plan put forward in October, Iran would ship low- enriched uranium to Russia and France for further processing into reactor-grade fuel. Iran has earlier said it was willing to adopt the proposal, provided the exchange is simultaneous and takes place on Iranian soil. The U.S. and its allied didn’t agree to the condition. Further UN sanctions may penalize Iranian banking, shipping and insurance industries. Business Executives Lula, in a speech to Iranian and Brazilian business executives, said he hopes for trade and investment between the two countries to advance, especially in capital-intensive industries like oil and telecommunications. He and Ahmadinejad signed an agreement to finance up to 1 billion euros of Brazilian food exports to Iran in the next five years. Air connections between the two countries should also expand, he said. Brazilian business executives from the oil, construction and agricultural industries accompanied Lula to Tehran. Trade with Iran has more than doubled to $1.2 billion since Lula took office in 2003. To contact the reporter on this story: Ladane Nasseri in Tehran at lnasseri@bloomberg.net .

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David Isenberg: Keep the Peacekeepers, but Outsource the Support Functions

May 11, 2010

Ever since the days when South African-based Executive Outcomes defeated UNITA rebel forces in Angola, thus helping to do what UN forces had long been unable to do, i.e., bring an end to the long running civil war there, people periodically bring up the idea of having private military and security firms supplement or even replace UN peacekeeping operations. Others, such as the trade association IPOA, say its goals “are better supervision of private companies operating under the umbrella of UN or government-led operations and better coordination between private organizations, government, NGOs and international organizations.” It is no secret that while UN peace operations may be necessary, even desirable, nobody goes around saying they are models of efficiency and cost-effectiveness. This is for a variety of reasons, not all of them the fault of the UN. Still, given the stakes in terms of lives saved anything that can be done to improve them is worth consideration. One of the more recent studies on the subject examined the use of private security organizations in a peacekeeping role as a cost-effective and efficient alternative to United Nations peacekeepers, and developed an outsourcing scorecard for the UN. The article which appeared last November in the South African Journal of Industrial Engineering surveyed forty national and international organizations through questionnaires, a review of relevant literature, and records. It found that outsourcing of support functions would lead to major cost savings in UN peacekeeping operations. Conceptually, outsourcing UN peace operations is less of a leap than most people think. Every UN peace operation is in and of itself outsourced, as it depends on other nations providing troops for peacekeeping operations, since the UN does not have a standing military army or police force. And currently the specialized activities such as facilities maintenance, catering, and IT are services that are currently outsourced by all UN peacekeeping operations. The article ” Outsourced United Nations Peacekeeping Roles and Support Functions ,” by K.A. Charles and C.E. Cloete found that outsourcing support functions would ensure more effective, efficient, and expeditiously managed peacekeeping operations. There are some caveats. The authors note that not all outsourcing is equal. They write that it is essential that top management possess a variety of negotiation and relationship management skills, as well as strategic planning expertise – which are lacking in the UN. Thus, the recruitment of the right personnel is essential, and the objective must be to ensure that outsourcing adds value to the organization What exactly can be outsourced? The authors write: The UN has vast assets, from thousands of vehicles to aircraft managed by the integrated support section, with a staff strength of 758 (Chart 2). However, when all support and logistics functions are outsourced, the number of support personnel in the section should be reduced from the original 758 people to just 14 (Chart 3). Thereafter, logistical support to peacekeepers should be undertaken by troop contributing nations and/or the service providers, while all operational functions would be handled by the office of the Force Commander. The most important cost-saving aspect of outsourcing peacekeeping would be the closure of the logistical base at Brindisi, Italy. The expected cost saving would be around $1.29 billion – i.e. $4.47 billion less $3.18 billion, as per the approved budget for peacekeeping operations for the period from 1 July 2004 to 30 June 2005 (which includes the logistics base at Brindisi) (Table 2). When equipment maintenance and the rental of facilities are also removed, the cost reduction would be considerable. It is important to note that outsourcing would also re-engineer staff in the political offices from 200 to 30, because most functions would be outsourced to NGOs, UN agencies, and the local authorities as outlined earlier. Therefore, 30 personnel would run the political office: six persons per office from each of the four remaining political offices under the Deputy SRSG [Special Representative of the Secretary-General]; and an additional six from the office of the SRSG. The reduced administrative and support services sections would act as QA evaluator for the facilities management office. Therefore, a grand total of 58 staff members -22 QAs [Quality Assurance] and 36 political officers – would be required to run a peacekeeping operation when all non-core functions were outsourced. When this is compared to an average of 1,200 who are usually required to run a peacekeeping operation at full strength, there would be a major saving in reduced overhead and administrative costs. In sum, “outsourcing the activities and functions of the integrated support section and the administrative services section would lead to a 98% reduction in staff strength, or 1,142 personnel including local nationals. This represents a saving in fixed costs – i.e., salaries, allowance, medical pension subsidies, and gratuities. The reduction of staff strength on peacekeeping operations would mean that the size of the DPKO would be reduced, since there would be fewer logistics services to provide. In all, considerable savings in staff remuneration would be recouped.”

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Aron Cramer: Bankers You Can Believe In

May 8, 2010

With their brethren parading to Capitol Hill to explain themselves and their industry to skeptical lawmakers and an angry public, three bankers at this week’s CERES Conference in Boston may revive faith in a profession that is sorely in need of respect. I had the privilege of chairing a plenary discussion of innovative financial solutions that, with a little luck, may create a path to low-carbon prosperity. These days, seeing the word “innovation” paired with “financial products” is a good way to clear the room (or spur a call to the Feds). But the three very different bankers on my panel are, in fact, pioneering new ways to invest in forest preservation, invent disruptive technologies needed for a clean energy system, and create a price on carbon. Despite his elegant banker’s suit, Abyd Karmali is somewhat of an accidental financier. After two decades consulting for private firms and the United Nations, Karmali was recruited two years ago (interesting timing) to head Bank of America’s carbon markets division. His vision is to spread carbon pricing throughout BofA’s products. As he points out, carbon trading will only do so much if we don’t find ways to incorporate coverage of environmental improvements into all financial services. He proposes, for example, that banks use mortgages not only to help people pay off their houses, but also to encourage clean-energy investments that would otherwise require capital beyond the reach of most homeowners. If Karmali is aiming to green today’s economy, Macquarie Capital’s Bill Green is trying to shape tomorrow’s. His impatience with doom-and-gloom scenarios is exactly what you would expect from a Silicon Valley veteran who previously led investments in the solar power company Bright Source and Shai Agassi’s electric car system for the venture capital powerhouse VantagePoint. Green’s contrarian nature is best revealed by the kind words he had for Lehman Brothers, which he credited with providing financing for tax-equity deals that stoked clean-technology investments before the financial crisis hit in 2008. He sees this week’s investment by Google in two North Dakota wind farms as evidence that Lehman’s strategy was sound, and is poised to be revived. But the most theatrical member of this trio was Australian Dorjee Sun, hailed by Time magazine as a “Hero of the Earth” in 2009. Sun has built a business, Carbon Conservation, by arranging financing to avoid deforestation across Asia. His efforts are credited with saving a sizeable amount of forest, which he’s done by buttonholing forestry executives, smallholders in Borneo, and the president of Mongolia. Sun’s vision – and humor – makes a potent combination. These three clearly showed that innovation in the financial services sector is not always a dirty word. In fact, focused properly, it’s exactly what we need if we are going to marry healthy financial returns with a healthy planet. With due respect to Lloyd Blankfein, Goldman Sachs may not be doing “God’s work,” but these three bankers can plausibly make that claim.

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Thailand’s Army Warns Protesters That `Time Is Running Out’ to End Protest

April 21, 2010

By Daniel Ten Kate and Supunnabul Suwannakij April 22 (Bloomberg) — Thailand’s army warned anti- government protesters camped in central Bangkok that soldiers plan to disperse them soon, raising tensions after a failed crackdown earlier this month left 25 dead. “I would like to warn protesters at the Ratchaprasong area that your time is running out,” Army spokesman Sansern Kaewkamnerd told reporters in Bangkok, referring to the area of luxury shopping malls and hotels. “We are waiting for an appropriate time to take back the area.” About 14,000 opponents of Prime Minister Abhisit Vejjajiva joined the demonstration last night and about 6,000 remained this morning, Sansern said. Anyone found inside the encampment will be subject to legal action, he said. The fresh threat comes days after soldiers with assault rifles took up positions in a business district adjacent to the demonstrators, prompting them to erect walls of bamboo sticks and rubber tires in defense. An attempt to disperse the group near Government House on April 10 left more than 800 injured in addition to the fatalities. The army is also negotiating with protesters after they blocked a train carrying weapons and soldiers yesterday in northeastern Thailand, Sansern said. Authorities are stepping up security at oil refineries, power plants and other infrastructure after an affiliate of PTT Plc , Thailand’s biggest energy company, was struck with grenades, Energy Minister Wannarat Charnnukul said. Resume Talks Rally organizers in Bangkok say they are willing to resume talks with the government provided troops vacate areas surrounding their base. Signs that crowds were dwindling after a canceled march on April 20 helped stocks surge the most in 15 months. The SET index advanced 0.7 percent as of 11:37 a.m. “First take away the gun and then we can talk,” Weng Tojirakarn , a protest leader who participated in televised negotiations with the prime minister last month, said in an interview yesterday. He plans to lead 2,000 protesters today to the United Nations building in Bangkok to submit a letter to Secretary-General Ban Ki-moon requesting a peacekeeping force to protect them. Immediate Election Abhisit has rejected demands from the mostly lower-class protesters to call an immediate election and pledged to enforce the law. Demonstrators who largely support fugitive ex-leader Thaksin Shinawatra have defied emergency rule since April 7 and ignored previous government warnings to avoid certain areas. Abhisit said yesterday the protesters are armed with “war weapons,” a charge organizers deny. The prime minister has blamed “terrorists” within the rallies for violence and said the movement wants to “change the country’s political system.” Such allegations suggesting that demonstrators are disloyal to King Bhumibol Adulyadej are being used as a justification to break up the protest, another leader, Jaran Ditapichai , said April 20. Abhisit backers clashed with his opponents in the early morning today, with both sides hurling bottles, marbles, rocks and small bits of metal. A pro-government group that plans to gather at a separate location in Bangkok this afternoon is pushing for 100,000 supporters to join them at a rally tomorrow, organizer Tul Sittisomwong said by phone. “Those protesters don’t want democracy, they are only trying to destroy our king,” said Suwit Aroonwejkul, 43, an Abhisit supporter who scuffled with his opponents. “We can’t compromise on this. It may be a civil war.” To contact the reporter on this story: Daniel Ten Kate in Bangkok at dtenkate@bloomberg.net

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Global Housing Foundation Appoints Robyn Frank as Director of International Board

April 12, 2010

NEW YORK, NY–(Marketwire – April 12, 2010) –  The Global Housing Foundation (GHF) President, Sharon Young, is pleased to announce the appointment of Robyn Frank of New York City as Director serving on the International Board. Daughter of GHF Founder, E. Rene Frank, Robyn brings her extensive experience in human shelter issues to support the challenge from the United Nations HABITAT to forge a public-private partnership to help solve the housing crisis around the world. “My sisters Debbie Petersen and Colette Fraenkel and I are pleased to serve on the Board and have the opportunity to stand behind such a noble endeavor. The Global Housing Foundation was our father’s brainchild and a legacy that needs to be preserved. Rene Frank’s daughters will carry on and grow our father’s dream,” she explained.

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North Korea Sentences U.S. Citizen to Eight Years Labor on Illegal Entry

April 6, 2010

By Bomi Lim April 7 (Bloomberg) — North Korea sentenced a U.S. citizen to eight years of hard labor for illegally entering the country in January, risking tension as the Obama administration seeks to persuade the regime to resume nuclear disarmament talks. Aijalon Mahli Gomes, 30, confessed to all charges, the official Korean Central News Agency reported today. Officials from the Swedish embassy, which represents U.S. interests in North Korea, attended yesterday’s trial, it said. Former President Bill Clinton traveled to Pyongyang last August to win the release of two American journalists who were arrested in March 2009 close to the border with China. In February, North Korea released an American missionary, Robert Park, it detained in December on the same charge. “North Korea may be seeking to use the American’s conviction as a bargaining chip to engage in direct talks with the U.S.,” said Yang Moo Jin , a professor at the University of North Korean Studies in Seoul. North Korea has said Gomes, a Boston resident, was captured Jan. 25 for illegally crossing its border with China. He was born on June 19, 1979, KCNA said March 22. Kim Jong Il ’s regime is under growing pressure to return to stalled international disarmament talks on its nuclear weapons program after conducting a second nuclear test last year that resulted in tougher United Nations sanctions. The U.S. yesterday singled out North Korea and Iran for violating “non- proliferation obligations.” Fine Imposed Gomes previously taught English in South Korea, according to Agence France-Presse. Gomes, who had taken part in anti-North Korean rallies in South Korea, may have been inspired by the U.S. missionary’s actions, AFP said, citing a human rights activist in Seoul. KCNA said Gomes was also fined 70 million North Korean won. There have been various reports on the exchange rate since the country revalued the currency late last year. South Korea’s Unification Ministry said North Korea’s official exchange rate would put the dollar value of the fine at $700,000. The market rate was about 600 per dollar in Pyongyang between March 26 and April 1, according to Seoul-based Daily NK . Aaron Tarver, a spokesman at the U.S. embassy in Seoul, didn’t answer calls to his office or mobile phone today. The six-party talks on North Korea’s nuclear weapons ambitions also involve China, Japan, Russia, South Korea and the U.S. The forum last met in December 2008. To contact the reporter on this story: Bomi Lim in Seoul at blim30@bloomberg.net

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Bhutto Assassination Report Delayed by UN at Request of Pakistan’s Zardari

March 30, 2010

By Peter S. Green March 30 (Bloomberg) — A United Nations report on the 2007 assassination of former Pakistani Prime Minister Benazir Bhutto will be held back two weeks at the request of Pakistan’s president, a United Nations spokesman said today. The report by an independent commission was to have been released today. UN Secretary-General Ban Ki-moon received a request overnight from Pakistani President Asif Ali Zardari , Bhutto’s widower, to delay the report until April 15, UN spokesman Martin Nesirky said in New York. “The commission has completed its work; the report is ready to be delivered,” Nesirky said. “The intention is that the report will not be seen by the government of Pakistan” before its release. Nesirky said he was looking into reports that UN offices in Pakistan had been ordered to shut for fear the report’s release could provoke retaliation. Bhutto, a two-time prime minister, was killed in a suicide bombing at a rally of her Pakistan Peoples Party in Rawalpindi on Dec. 27, 2007. Her widower, Asif Ali Zardari, was elected president in 2008. Zardari pressed for a UN probe even after London’s Metropolitan Police said its investigation showed Bhutto died from a head injury sustained when the force of the blast threw her against her vehicle’s sunroof. The report rejected allegations that she was shot dead. No Autopsy No autopsy was performed on Bhutto’s body, and the crime scene was cleaned shortly after her death, prompting suspicions of a cover-up and Zardari’s demand for the UN investigation. The government last year asked Ban to “establish an international commission for the purpose of identifying the culprits, perpetrators, organizers and financiers behind the assassination of Shaheed Mohtarma Benazir Bhutto with a view to bring them to justice.” Ban decided instead on a “fact-finding” panel. A spokesman for Pakistan’s UN mission, Mian Iqbal, said he had no information on why his government asked to delay the report. “The fact that Zardari himself intervened doesn’t mean he was the target of the investigation,” said Marvin Weinbaum , a scholar in residence at the Middle East Institute , a policy group in Washington, and a former U.S. State Department analyst for Afghanistan and Pakistan. Neither the London police nor the UN investigators had significant access to evidence or key players in Pakistan, suggesting that the report may not contain any explosive revelations, Weinbaum said. Rather, it may simply show that the Army or intelligence services failed to adequately protect Bhutto. “Zardari may have reached a modus vivendi with the military, and might not at this time be anxious to see some kind of resentment on their part that they had not intervened,” Weinbaum said. To contact the reporter on this story: Peter S. Green in New York at psgreen@bloomberg.net

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Video: Wyclef Jean Discusses Haiti Earthquake Relief Efforts: Video

February 12, 2010

Feb. 12 (Bloomberg) — Wyclef Jean, Grammy Award-winning musician and producer, talks with Bloomberg Television about Haiti earthquake relief efforts. Haiti faces a major food crisis due to a lack of support for farmers who begin planting in March for a harvest that usually produces 60 percent of the nation’s grains, fruits and vegetables, the United Nations said. Bloomberg’s Matt Miller also speaks. (Source: Bloomberg)

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Iran Says It Will Enrich Uranium for Tehran Reactor, Invites UN Inspectors

February 8, 2010

By Ladane Nasseri Feb. 8 (Bloomberg) — Iran tomorrow will begin enriching uranium to the level needed to power a Tehran medical-research reactor and has invited United Nations inspectors to monitor the process, the government said. Iran officially informed the UN’s International Atomic Energy Agency of the decision in a letter today, the state-run Islamic Republic News Agency said, citing Ambassador Aliasghar Soltanieh, the country’s envoy to the IAEA. “IAEA inspectors have been invited to be present at the location as Iran carries out its activities under the agency’s supervision,” Soltanieh said, according to the report. President Mahmoud Ahmadinejad asked Iran’s Atomic Energy Organization yesterday to start processing low-enriched uranium to reactor grade. The UN Security Council’s permanent members proposed in October that the uranium be exported for enrichment and returned as fuel rods suitable only in the Tehran reactor, a plan aimed at ensuring the material isn’t used for weapons. Iran has denied allegations by the U.S. and its major allies that it is using a nuclear-energy program to disguise weapons development. Reports that Iran is planning to enrich some of its uranium fuel to a 20 percent level are a matter of serious concern, a British government spokesman said yesterday. U.S. Defense Secretary Robert Gates said yesterday that the international community needs to “stand together and bring pressure” on the Iranian government. International Proposal Iran’s intention to increase enrichment starting tomorrow was announced late yesterday by the head of the country’s Atomic Energy Organization, Ali Akbar Salehi , according to state-run Press TV. The proposal for the export of Iran’s enriched uranium for further processing was made by the five permanent members of the UN Security Council — the U.S., the U.K, France, Russia and China — along the Germany. Iran has yet to formally accept the deal. Uranium enriched above a 20 percent concentration is defined as highly enriched, which can set off the chain reaction seen in a nuclear explosion. Most modern atomic weapons contain around 25 kilograms (55 pounds) of the heavy metal enriched to 90 percent. To contact the reporter on this story: Ladane Nasseri in Beirut at lnasseri@bloomberg.net .

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Ken Sternad: Disaster Relief: Why Corporations Need to Give More Than Cash

February 6, 2010

The earthquake in Haiti has sparked a remarkable global outpouring of generosity. But the relief effort’s success depends on more than donations of cash and goods; it hinges on the consistent and efficient distribution and management of food, medicine, shelter and other life-saving supplies. Relief agencies, the United Nations, the military and local organizations have put together a basic supply chain to deliver materials to newly established food distribution stations and camps. But their resources are stretched thin as the need for help is so great, and the nation’s infrastructure is so broken. As the global community continues to respond to Haiti and prepare for potential future disasters, it’s critical for the private sector to step up to the plate in ways that far exceed financial donations. There’s a compelling need for corporations to match their dollars with expertise and skilled volunteers to help save lives and rebuild communities after disaster strikes. Companies bring a lot to the table in terms of management expertise, technology, financial acumen and other business skills. At UPS, we apply the same supply chain management skills we use for multinationals every day to help NGOs establish efficient relief operations. In the early days of a catastrophe, NGOs must activate a global supply chain within hours. Needs must be assessed, goods must be located, collected and shipped from around the world. Tents must be built, and feeding stations must be assembled and manned. But as we’ve all seen on television, the journey of donated goods to earthquake victims is a circuitous one — fraught with bottlenecks, delays, paperwork, theft and chronic inefficiency. Piles of supplies (both wanted and unwanted) sit in warehouses and on airport tarmacs, waiting for people to pick them up or transport them those last few miles to the people of Haiti. Over the last few years, UPS has been working to bring our logistics expertise to bear in the wake of a disaster. We have assigned logistics experts to study the disaster relief supply chain and have sent UPSers to Indonesia, Chad, Honduras, Haiti, Thailand and China. It’s part of our $9 million pledge to help relief organizations respond better to global emergencies. That pledge – which we just boosted by another $1 million specifically for Haiti relief – also includes in-kind transportation and support for the American Red Cross, CARE, UNICEF and the World Food Programme. But beyond dollars and expertise, a company’s best contribution to a relief effort can be the human spirit of its people. For us, volunteers like UPSer Craig Arnold embody this spirit. Craig was volunteering on the ground in Haiti soon after the quake hit, using his logistics knowledge to establish food distribution centers for the Salvation Army, which currently serves more than 10,000 people. He and others like him have made a meaningful difference by providing on-the-ground help during actual disasters. So before the next disaster strikes, companies should consider matching financial contributions with their business expertise and the skills and passions of their people. The world will thank them.

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North Korea to Release American Missionary in Sign of Improved Relations

February 4, 2010

By Bomi Lim Feb. 5 (Bloomberg) — North Korea said it will release an American missionary who was detained in December for illegal entry, an indication the communist country is seeking to maintain improved relations with the U.S. North Korea decided to release Robert Park after his “sincere repentance of his wrongdoings,” the state-run Korean Central News Agency said today. Park was detained on Dec. 24 for illegally crossing into the country from China, KCNA said on Dec. 29. No details were given on his release. Park’s release came after U.S. President Barack Obama two days ago decided to keep North Korea off the government’s list of states that sponsor terrorism. North Korean leader Kim Jong Il left open the possibility of a possible return to six-nation nuclear disarmament talks after U.S. envoy Stephen Bosworth traveled to Pyongyang in December. The United Nations has described Park as an American missionary who entered North Korea to protest the country’s prison system. The country is holding another American, who KCNA has said was detained on Jan. 25 for illegal entry. The second detainee’s identity remains unknown. KCNA issued a statement from Park saying: “I seriously repented of the wrong I committed.” Thawing Relations Former U.S. President Bill Clinton traveled to Pyongyang in August to secure the release of two American journalists who were arrested in March 2009 near the border with China. Clinton’s trip, which included a meeting with Kim, helped thaw relations between North Korea and the U.S., leading to Bosworth’s visit. Kim’s regime remains under UN Security Council sanctions for carrying out tests of missiles and nuclear devices in 2009. North Korea has said it won’t return to the six-party talks aimed at getting the country to abandon its nuclear program until the sanctions are lifted, something the Obama administration has ruled out. North Korea doesn’t meet the criteria for being included on the U.S. government’s list of states sponsoring terrorism, Obama wrote in a letter to congressional leaders on Feb. 3. Inclusion automatically imposes sanctions. North Korea, which had been on the list since 1988, was removed in 2008 after it agreed to inspection of sites suspected of being part of a nuclear program. To contact the reporter on this story: Bomi Lim in Seoul at blim30@bloomberg.net

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Kim Jong Il Doubles North Korea Factory Visits to Prop Up Failing Economy

February 1, 2010

By Bomi Lim Feb. 2 (Bloomberg) — North Korean leader Kim Jong Il has doubled the number of trips he makes to factories and power stations, signaling his regime’s growing efforts to prop up a failing economy hit by United Nations sanctions. Half of the 20 visits Kim made in January were to economic projects, more than double the four economy-related trips he made a year earlier, according to South Korea’s Unification Ministry . Kim made a total of 13 outings in January 2009. “It clearly shows how Kim Jong Il wants to show his people his eagerness to overcome economic difficulties,” said Kim Yong Hyun, professor of North Korean studies at Dongguk University in Seoul. “He wants to tell them the leader himself will be at the forefront of improving their livelihoods, which have obviously got worse.” North Korea, which releases no economic data, is hobbled by UN Security Council sanctions on cross-border financial transactions, curbs that were toughened after Kim’s government carried out tests of missiles and nuclear devices in 2009. South Korea’s central bank estimates the North’s 2008 gross domestic product at 21.5 trillion won ($18.4 billion). Kim, 68, braved temperatures of minus 30 degrees Celsius (minus 22 degrees Fahrenheit) to tour a power station under construction in Huichon, North Korea’s official Korean Central News Agency said on Jan. 3 in reporting his first trip of the year. He visited a flour-processing factory in Pyongyang and ordered that machinery be modernized to enable increased production of bread, biscuits and noodles, KCNA said Jan. 23. 1990’s Famine Kim makes what his regime calls “field guidance” trips to military units, factories, farms and other sites to demonstrate his leadership. The Unification Ministry in Seoul tallies Kim’s public appearances by monitoring North Korean media reports. North Korea has been reliant on outside handouts to feed its 24 million people since the mid-1990s when famine caused by floods, drought and economic mismanagement is estimated to have killed about 2 million people. The North Korean government in December revalued its non- convertible currency for the first time in 17 years, targeting a black market that has challenged the ruling party’s control. Laws have also been changed to favor foreign investors, officials told a U.S. business delegation, when the officials also asked for economic contributions and investment. To contact the reporter on this story: Bomi Lim in Seoul at blim30@bloomberg.net

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