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Feature Article of Tuesday, 4 March 2014

Columnist: Ayamga, Elizabeth Alampae

Capital flight is a major way in which African Countries have been forced into poverty. According to Forum Syd, 2011, between US$ 1.26-1.44 trillion disappear from Africa every year ending up in tax havens facilitated by Multinational companies. The sum of money that leaves developing countries each year as unreported capital outflows, referred to as illicit capital, amounts to 10 times the annual global aid flows and twice the debt developing countries pay each year. Forum Syd is an international non-governmental organization working with people and peoples right. Some of the 15 African countries with the highest amounts of capital flight include Tanzania, Mozambique and Ghana. For example, between 2002-2006, Tanzania alone lost up to USD 660m per year in capital flight. In comparison, the health budget of Tanzania amounts to USD 7.6 million and women die every day while giving birth. These lost monies could significantly contribute to development by way of combating hunger, disease and reduce poverty. It is undeniable fact that lost tax revenue affects all countries, rich and poor, but the impact on developing countries is significantly higher. Developing countries face a set of common challenges; weak institutions, especially weak tax systems, large informal sectors, and corruption in governments. Collectively theses weaknesses serve as an incentive for citizens to pay tax, making tax collection difficult. Some members of the international communities compound these challenges through their machination. Many African countries come under pressure to adopt domestic policies that undermine their taxing rights. Tax competition results in either the lowering of tax rates to unbelievable levels or offering tax holidays for years on end in the hope of attracting Foreign Direct Investment (FDI). In addition to that, there is a lack of transparency and accountability regarding agreements signed between African governments and multinational companies, particularly in the extractive sector. The future of Africa looks bleak according to projections by some development experts; it is estimated that there will be more wars on the continent and poverty will be an everyday phenomenon in the next 25 years. But all is not lost. The young generation of Africa has a dream for Africa, a dream of a rich, self sustaining independent Africa. To quote the legendary Martin Luther King Jnr, We must accept finite disappointment but never lose infinite hope. It is true that the current rate of development on the continent leaves much to be desired, but we are not losing infinite hope for a better future for Africa. POLICY RECCOMENDATIONS The flight of capital from Africa and its absorption in western economies deserve same attention and require concerted efforts to deal with. In a Seminar at the Oslo House of Literature-Norway, as part of the Transparency and Accountability in the Extractive Industries (TRACE) Program, organized by Publish What You Pay (PWYP-Norway), participants from resources rich African Countries proposed the following policy recommendations: Improving governance and strengthening national capacity among African governments in managing extractive industries is the first and most important step. Africans should see it as a responsibility to fix their political systems, as Africans, for better resource governance; But its also the shared responsibility of the international community to work for greater transparency in the global financial systems. We can do this by: Positioning transparency and accountability at the Centre of African natural resource policies to secure a fair share of national resource revenues for African citizens. There should be automatic information exchange between tax authorities and sanctions on tax havens that do not cooperate. Multinational companies should declare their profits in countries where they operate as part of international financial reporting standards; Norway should be playing the role both as champion and mentor to expand on initiatives to deepen transparency, building on the EU and the US regulation. This can be done through extended country by country reporting; Together, we should urge companies to follow best practices in transparency and raise corporate standards; Urge civil society including PWYP to build capacity and continue holding governments and companies accountable; Most importantly, efforts should be made to ensure that flight capital is repatriated to Africa. This is out of a moral standpoint: large proportions of this money legitimately belongs to Africans and must be restituted to the legitimate claimants. But also for economic reasons, repatriation of capital flight will propel growth on the African continent on a higher sustainable path, while preserving its financial stability and reducing our dependence on aid and loans. Finally, if all developing countries could increase the amount of taxes raised to at least 15% of national income, an additional US$200 billion per year would be available to governments, according to Action Aid estimates.

Elizabeth Alampae Ayamga cuteayamga@yahoo.com

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How Capital Flight is undermining Africas Development



Troll under the Mythos bridge at Islands of Adventure – Universal Orlando Resort
Did you know there's a troll that lives under the bridge near Mythos in The Lost Continent at Islands of Adventure? It seems as if they've recently turned up…

By: iThemePark

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Troll under the Mythos bridge at Islands of Adventure – Universal Orlando Resort – Video

African media leaders concluded a three-day conference in Ethiopia Friday, where press freedom was not on top of the conference agenda, even though many journalists on the continent face restrictions and repression.

Conference organizers said their core focus was on business development, technology innovation, and leadership and ethics. They believe discussions on the business side of media will automatically result in debates on press freedom.

Alison Bethel of the International Press Institute findsit worrisome that the African Media Leaders Forum did not prioritize the issue of press freedom.

There needs to be more time dedicated to the issue,” she said, “because besides from business models and licensing and other things that are crucial to the media here, press freedom also is a very, very important part of doing business.

There was a one-hour side event organized on the practices and challenges of press freedom in Africa. Journalists from different countries shared their experiences of being harassed, detained and threatened for trying to do their job.

The Committee to Protect Journalists urged the media leaders to address repression in Ethiopia, where the conference is being held. Last week, two Ethiopian journalists were detained for about six days without charges after reporting on local corruption.

More than 75 media publications have been closed in Ethiopia in the past 20 years and seven journalists are currently imprisoned on charges of terrorism.

Amare Aregwi, managing editor of Ethiopias largest English newspaper, The Reporter, says his media colleagues on the continent can also play a role in improving press freedom in Ethiopia:

They can advise you, share their experiences and train you in such things,” Aregwi said. “Sometimes, you dont find people or the government being ready to listen. On the other side also, some of the international media enjoy criticizing and ridiculing rather than helping.

Twenty-eight journalists died on the African continent in 2012, with Somalia being the deadliest country. Twelve African countries have passed freedom of information bills, but they include countries such as Ethiopia and Uganda, which are regularly accused of cracking down on media practitioners.

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For Africa Media Leaders, Press Freedom Isn't Top Concern



CROATIA Has The Best Natural Beaches Of Europe
Croatia is the newest member of the European Union and now boasts of being the best destination on the continent for the practitioners of naturism. The count…

By: MLTopVideos

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CROATIA Has The Best Natural Beaches Of Europe – Video



Lost continent' found beneath Indian Ocean! 2013
Hints of Lost Continent Found Beneath Indian Ocean Geological detectives are piecing together an intriguing seafloor puzzle. The Indian Ocean and some of its…

By: Endza50

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Lost continent’ found beneath Indian Ocean! 2013 – Video



Technique – Rasgueados, tremolo, pouce/pulgar/thumb
Cours de guitare flamenco avec Terry Fleming (Navarro Puente) à Paris. Traditional flamenco music – that's to say, no NWO, no FBI-CIA-NSA-ONI-TSA control freak bankstergangster Wall Set money junky Bilderberger illuminati puss merchants. NWO : KISS MY ASS ! QUOTATION : THOMAS JEFFERSON ONCE SAID… “If the American people ever allow private banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their father's conquered … I believe that banking institutions are more dangerous to our liberties than standing armies … The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs. The Constitution ? Gem in the middle of darkness shines Shines, invisible to all mindless minds A star in the abysse of hatred's designs A hope in the heart of a sacred prayer To Futur's children…and the weight they must bare !

By: terfle1106

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Technique – Rasgueados, tremolo, pouce/pulgar/thumb – Video



Pierre Louis Costes – The Old Continent
YouRiding is proud to present you “The Old Continent”, a mini movie filmed and edited by Wonderland Prod featuring our team rider Pierre Louis Costes (2011 IBA World Champion) surfing some of the best waves ever surfed in Europe in countries like France, Portugal and the Canary islands. ▶ Play YouRiding here: bodyboarding.youriding.com ▶ More Action-sports videogames www.youriding.com Additional footage by France: Yannock Portugal: Miguel Nunes, Rrevolution. Canarias: Riraw Prod, Javier Fleitas, Alejandro Ramirez, Igor Sanchez

By: YouRidingGamesTV

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Pierre Louis Costes – The Old Continent – Video



Buleria Por Arriba – 2° – (Explications / Explanations).
Cours de guitare flamenco avec Terry Fleming (Navarro Puente) à Paris. Traditional flamenco music – that's to say, no NWO, no FBI-CIA-NSA-ONI-TSA control freak bankstergangster Wall Set money junky Bilderberger illuminati puss merchants. NWO : KISS MY ASS ! QUOTATION : THOMAS JEFFERSON ONCE SAID… “If the American people ever allow private banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their father's conquered … I believe that banking institutions are more dangerous to our liberties than standing armies … The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs. The Constitution ? Gem in the middle of darkness shines Shines, invisible to all mindless minds A star in the abysse of hatred's designs A hope in the heart of a sacred prayer To Futur's children…and the weight they must bare !

By: terfle1106

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Buleria Por Arriba – 2° – (Explications / Explanations). – Video

Brazil - Video

Islands Comments Off
Jan 252013



Brazil
One glance at a map of South America and it is immediately evident that Brazil occupies an enormous portion of the continent, with a powerful physical presence that includes thousands of miles of coastline, primeval wilderness and one of the most extensive river systems in the world. Brazil is the largest country in South America and fifth largest in the world. Its coastline is a staggering 7491 meters/4650 miles long. Rio de Janeiro's Copacabana Beach may likely be its most famous, but Brazil's beaches come in a wonderfully eclectic assortment. Some are like the historic old port of Salvador, steeped in the traditions of both European and African cultures. Others are like the laid-back, easy style of Buzios, the “St. Tropez of South America.” Beyond the coast, one of the last great wild places, the primal Amazon rainforest, covers almost half of the country and is home to some 67 indigenous tribes, many of whom are still isolated from the world beyond their territories. Pantanal, in the west, is the world's largest wetlands. Its southeastern Atlantic rainforests are 20 million years older than the Amazon ecosystem. Southern Brazil is grasslands, wetlands, pine forests and the grand Iguassu Falls. With all this natural bounty, Brazil still isn't finished. The only Portuguese-speaking country in South America, it offers a cornucopia of adventures. It is famous for its football (soccer) tradition and its world renowned Carnival in Rio de Janeiro, Salvador and Recife …

By: BigFiveTravel

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Brazil – Video

JOHANNESBURG (Reuters) – Liberty Holdings, Africa's third-largest life insurer by market value, posted an expected 43 percent rise in first-half earnings on Thursday and said it was looking for expansion opportunities in the western part of the continent. Liberty, majority owned by South Africa's Standard Bank, owns 50 percent on a Nigerian health insurer but wants more exposure to Africa's most …

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S.Africa's Liberty H1 profit up, eyes Ghana and Nigeria

By the time John Adams became president, Americans already had taken to noisy celebrations of Independence Day, of which he heartily approved.

“It ought to be celebrated by pomp and parade, with shows, games, sports, guns, bells, bonfires, and illuminations from one end of this continent to the other,” he wrote to his beloved Abigail.

That tradition continues, of course, to the point that not only Independence Day, but its underlying ideals and the sacrifices that made it possible, might be taken for granted.

Immigrants learn civics

The Center for the American Dream at Xavier University recently conducted a survey, asking native-born Americans any 10 of a group of 99 questions on the civics portion of the naturalization test taken by immigrants.

Whereas 97.5 percent of immigrants achieved a passing grade of 60 percent, only 65 percent of citizens born here passed. If the passing grade had been 70, the Xavier researchers reported, only 50 percent of the natives would have passed.

The natives tended to do well on questions related to geography, national symbols and holidays, but poorly regarding principles and ideas.

About 96 percent knew that the Statue of Liberty is in New York Harbor, for example, and 100 percent knew that each star on the U.S. flag represents a state. About 99 percent knew that Barack Obama is president, but only 71 percent correctly identified Joe Biden as vice president; 38 percent could name the governor of their state or the speaker of the U.S. House, and only 37 percent could name one of their state’s two U.S. senators.

Only 7 percent knew that the Constitution has 27 amendments; 8 percent could name any of the authors of the Federalist Papers: John Jay, Alexander Hamilton and James Madison.

The right not to know

Excerpt from:
Give nation civics lesson for birthday Third of native-born citizens fail naturalization test

More than half of the residents of the Magdalen Islands are without electricity after a powerful winter storm.

High winds and freezing rain knocked down about 150 Hydro-Québec power poles, leaving 3,600 homes and businesses without power, said Helene Fauteux, a reporter with the community radio station, CFIM.

She said no one was injured, but it's predicted the temperature will drop to –17 C, with wind chills over the next day or so making it feel like –26 and –31.

“The municipality is having generators coming in from the continent. They should arrive tomorrow or through the night with the Hydro Quebec poles to replace the broken poles,” Fauteux said.

In the meantime, she said, the Emergency Measures Organization is advising people without generators or wood stoves to go to friends, family or neighbours to stay warm.

Ruth Stevens left the Magdalen Islands to live in Glace Bay, N.S., 25 years ago, but many of her sisters and brothers still live there.

Stevens, 61, called them Saturday night, and she said her brother-in-law was very nervous “on account of the high winds.”

“His house was creaking really bad and he was scared,” Stevens said.

She said her family is well equipped for power outages, but she is concerned for others who may not be.

The Magdalen Islands, located in the Gulf of St. Lawrence, is part of the province of Quebec. According to the 2006 census, 13,091 people lived on the islands.

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Magdalen Islands residents left without power

The red laces on two pairs of relatively new hiking boots signify a commitment to a cause that Kimberly Bradley and Holly Harris are just beginning to learn about, but have enough faith in to follow to another continent.

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Two prepare to take on Mount Kilimanjaro in Freedom Climb

After a joint Franco-Italian letter to the European Commission asking for the possibility of restoring border checks in exceptional circumstances, Westerwelle said travel freedom was one of the continent’s cherished policies. …

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Germany warns against curbing Europe travel freedom – timesofmalta.com

By James K. Boyce, who teaches economics at the University of Massachusetts, Amherst.

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Jim Boyce: Tax Havens or Financial Sinkholes? | eWallstreeter

The broad brush — and this is a simplication of the overall argument — is that tax havens enable the flight of scarce capital from Africa to other regions, stunting the continent’s ability to develop on a range of fronts. …

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Do tax havens contribute to African poverty? » Tax Research UK

Europe has hundreds or thousands miles of coastline. All along, the continent has some breathtaking beaches . Some of them are on the banks of Mediterranean.

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Best Beaches In Europe – Top Ten Beaches In Europe & Best Europe …

The Kei islands are part of Wallacea, the group of Indonesian islands that are separated by deep water from both the Asian and Australian continental shelves, and were never linked to either continent. Located directly under the “bird …

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white sand beaches of the island kei | Tourism Indonesian at …

This summer, a group of activists will be walking across America to achieve more freedom and liberty . Our pioneer forefathers trekked across the continent from the east to the west to find a better life for themselves. …

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Cheap Domain Names › Walk For Liberty Day 91 – Women's Periods …

As an Australian, I live on an island continent. But in a land where the horizon stretches as far as the eye can see across plains and mountains, it’s hard to remember that it is actually an island . It’s only when you see our continent …

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On islands | The Resident Judge of Port Phillip



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Pierre Teilhard De Chardin




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