The truth is that as in Iraq and Afghanistan, the US and its NATO allies are jumping at the opportunity presented by the internal strife in Libya to control the latter’s oil resources by deposing Kadafi and installing a more friendly and pliant regime. Libya has the largest confirmed oil reserves in Africa, three times that of the US and nearly one tenth of the world total.

The urgent challenge for the new Aquino administration is to increase revenues, but research group IBON urges government to place the burden of adjusting to the fiscal crisis on those that have the greater capacity to pay.
The new Aquino administration is faced with a serious fiscal crisis that could deteriorate rapidly or compel severe austerity if the revenue effort does …

By Mike Whitney
Global Research
The EU banking system is in big trouble. Many of the Union’s largest banks are sitting on hundreds of billions of euros in dodgy sovereign bonds and non performing real estate loans. But writing down their losses will deplete their capital and force them to restructure their debt. So the banks are concealing their losses through accounting …

Ibon urged President Benigno “Noynoy” Aquino III, who as Tarlac representative voted against the EPIRA in 2001, to take steps in repealing the “pro-corporation law.”

Amid calls for additional revenue measures to address the country’s budget deficit, Ibon Foundation has called on the new administration to look into alternative fiscal solutions instead of resorting to new taxes.

MANILA, Philippines, June 28, 2010—The Philippines did not make the list of the top 20 countries cited for their overall progress in achieving the Millennium Development Goals (MDGs), a report released by the Overseas Development Institute (ODI) and the United Nations Millennium Campaign revealed.
The MDGs are a set of time-bound, concrete and specific goals to reduce extreme poverty, illiteracy and …

The disturbing divergence between the fortunes of a few and the welfare of the many is the most troubling legacy that the Arroyo presidency leaves behind — and among the greatest challenges that the incoming administration has to confront to deliver any real change.
By Sonny Africa
Ibon Foundation

MANILA — The Arroyo administration will be remembered for lost ground on important …

While government remains optimistic that remittances and Christmas spending will help pick up the economy after weak third quarter growth, research group IBON said there is no reason to be certain that the economy is going to achieve its projected full-year growth rate of as much as 1.8 percent.

If left unchallenged, Executive Order 839 could become a precedent in policy making.