ibs cramping relief

RSA Animate – The Internet in Society: Empowering or Censoring Citizens?

Does the internet actually inhibit, not encourage democracy? In this new RSA Animate adapted from a talk given in 2009, Evgeny Morozov presents an alternative take on ‘cyber-utopianism’ – the seductive idea that the internet plays a largely emancipatory role in global politics.

Exposing some idealistic myths about freedom and technology (during Iran’s ‘twitter revolution’ fewer than 20,000 Twitter users actually took part), Evgeny argues for some realism about the actual uses and abuses of the internet.

Lagarde wants IMF job

French Finance Minister Christine Lagarde on Thursday made her case to become the next leader of the International Monetary Fund, vowing to promote reforms to make the power lender more representative of the global economy.

Lagarde said she had “productive” one-on-one meetings with IMF executive directors Wednesday and early Thursday in Washington, before a three-hour interview with the 24-member board in the afternoon.

The 187-nation Fund needs to “continue its shift towards responsive, even-handed and balanced action in support of global economic and financial stability, the better to serve the whole membership,” she said in a statement to the board.

“I am not here to represent the interest of any given region of the world, but rather the entire membership,” she said.

Lagarde is the front-runner in the race for the IMF top left vacant after managing director Dominique Strauss-Kahn resigned May 18 to fight sexual assault charges in New York. Strauss-Kahn denies the allegations.

Lagarde’s sole rival, Mexico’s central bank governor Agustin Carstens, admitted that Lagarde’s chances of being elected by the board “are quite high.”

Lagarde has the backing of Europe, which holds seven of the 24 seats on the executive board, and the board hopes to select the new managing director by consensus.

Under a tacit agreement between the United States and Europe, the leadership of the IMF has always gone to a European, while the top job at the World Bank has always gone to an American.

The United States, the largest IMF stakeholder with nearly 17 percent of the vote, has not publicly endorsed either Lagarde or Carstens, considered an emerging-market candidate.

Lagarde met with US Treasury Secretary Timothy Geithner Thursday morning before heading to the board interview.

Geithner “believes that Minister Lagarde’s strong leadership skills and experience makes her an exceptionally talented candidate for IMF managing director,” Treasury spokeswoman Natalie Wyeth said.

“He again reiterated his appreciation for the strong candidates who have come forward, particularly at this critical time for the global economy,” she said.

Lagarde emerged from IMF headquarters after the board audition looking relaxed.

“I believe the Fund should be more responsive, certainly more effective and more legitimate,” she told a gaggle of waiting reporters.

“And that really entails many potential improvements but also continuation of the reforms that have been undertaken by my predecessor,” she said, her choice of word for fellow countryman Strauss-Kahn suggesting she feels confident about her selection as the new boss.

Lagarde said the IMF was a “remarkable” institution with an “exceptional staff.”

“It should become more responsive, more involved, more legitimate with regard to the integration of its 187 members. In any case, that would be my goal,” she added. “It’s now for the membership to decide.”

The IMF board has set a tight deadline for filling the top job: June 30.

The executive board meets Tuesday with the aim of reaching a decision “by consensus,” according to the IMF, but in case of deadlock it will decide by majority vote.

The announcement of the new managing director could come before next Thursday’s deadline, IMF spokesman David Hawley said.

Lagarde’s interview with the board followed on the heels of Carstens’s two-day campaign at IMF headquarters. He also had a three-hour board interview Tuesday and the IMF issued his statement to the board.

Lagarde, 55, would be the first woman to head the Washington-based IMF, which oversees the global financial system and provides emergency lending to medium- and high-income member countries.

A lawyer by training, she would also be the first IMF managing director who was not an economist.

Her rival Carstens, 53, is an economist who has worked at the IMF, including a stint in the number-three position, deputy managing director, from 2003 to 2006.

Lagarde tackled head-on criticism that she, as a European, would have a conflict of interest in dealing with IMF involvement in the financial rescues of Greece, Ireland and Portugal.

“I am on record for having supported a selection process regardless of nationality. As a consequence, being French and being European should be neither an advantage nor a handicap,” she said in her statement to the board.

The IMF said no start date has been set for the next managing director.

 

 

Mkwanazi keeps his job

Mkwanazi keeps his job

Cabinet has decided not to replace Transnet chairman Mafika Mkwanazi as speculated; this was confirmed by government spokesman Jimmy Manyi during a post cabinet media briefing on Thursday.

Mkwanazi will continue in his post as well as being a member of the Eskom board, an appointment that took place earlier this month in what was seen as a prelude to his removal from his post of Transnet chairman.

The sudden changes to the leadership of state owned enterprises by Public Enterprises Minister Malusi Gigaba earlier this month caused concern in business and trade unions because it created instability and lacked consultation.

Cabinet also appointed Yasmin Forbes and Nisi Choubey to the board of Transnet for a three-year term.

Earlier this month Business Day reported that the chairmen of three of SA’s most powerful state-owned companies — Transnet, Eskom and Denel — are to be removed soon in a dramatic show of force by Public Enterprises Minister Malusi Gigaba, as the government tries to tighten its grip on the “commanding heights” of the economy.

While Gigaba, still relatively new in his position, is not seeking actively to control the state-owned enterprises , he wants much tighter shareholder oversight as the government tries to develop an economic model that fulfils its political promises to create millions of new jobs.

The boardroom changes follow hard on the heels of an effort by Gigaba to put meat on the bones of a new approach to the way in which the state-owned enterprises in his charge behave.

 

 

 

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