Friday, December 6, 2013

Obituary: Nelson Mandela - BBC NEWS

Obituary: Nelson Mandela


http://www.bbc.co.uk/news/world-africa-22892784

By Fergal Keane
A look back at the life of Nelson Mandela
To those who observed him closely, Nelson Mandela always carried himself as one who was born to lead.
As his former cellmate and long time friend, Ahmed Kathrada, said recently: "He was born into a royal house and there was always that sense about him of someone who knew the meaning of leadership."
The Mandela who led the African National Congress into government displayed a conspicuous sense of his own dignity and a self-belief that nothing in 27 years of imprisonment had been capable of destroying.
Although Mr Mandela frequently described himself as simply part of the ANC's leadership, there was never any doubt that he was the most potent political figure of his generation in South Africa.
Nelson Mandela shakes hands with FW De KlerkNo bitterness... Mandela and De Klerk
To the wider world he represented many things, not least an icon of freedom but also the most vivid example in modern times of the power of forgiveness and reconciliation. Back in the early 1990s, I remember then President, FW De Klerk, telling me he how he found Mandela's lack of bitterness "astonishing".
His fundamental creed was best expressed in his address to the sabotage trial in 1964. "I have fought against white domination, and I have fought against black domination," he said.
"I have cherished the ideal of a democratic and free society in which all persons live together in harmony and with equal opportunities. It is an ideal which I hope to live for and to achieve. But if needs be, it is an ideal for which I am prepared to die."
Born in 1918, Rolihlahla Dalibhunga Mandela was raised in the village of Mvezo in the Transkei in the Eastern Cape. He was one of 13 children from a family with close links to the royal house of the Thembu people.
Mr Mandela often recalled his boyhood in the green hills of the Transkei with fondness. This was a remote landscape of beehive-shaped huts and livestock grazing on poor land.
He was only nine when his father died of tuberculosis. Always closer emotionally to his mother, Mr Mandela described his father as a stern disciplinarian. But he credited his father with instilling the instincts that would help carry him to greatness.
Nelson Mandela with Oliver Tambo in Addis Ababa, in 1962Mandela met future ANC leader Oliver Tambo at university
Years later Mr Mandela would write that "my father possessed a proud rebelliousness, a stubborn sense of fairness…" His death changed the course of the boy's life.
The young Mandela was sent from his home village to live as a ward of the Thembu royal house, where he would be groomed for a leadership role.
This meant he must have a proper education. He was sent to a Methodist school, where he was given the name Nelson. He was a diligent student and in 1939 went to Fort Hare University, then a burgeoning centre of African nationalism.
Nelson Mandela
1918 Born in the Eastern Cape
1943 Joined African National Congress
1956 Charged with high treason, but charges dropped after a four-year trial
1962 Arrested, convicted of incitement and leaving country without a passport, sentenced to five years in prison
1964 Charged with sabotage, sentenced to life
1990 Freed from prison
1993 Wins Nobel Peace Prize
1994 Elected first black president
1999 Steps down as leader
2001 Diagnosed with prostate cancer
2004 Retires from public life
2005 Announces his son has died of an HIV/Aids-related illness
It was at Fort Hare that Mr Mandela met the future ANC leader, Oliver Tambo, with whom he would establish the first black law practice in South Africa. Both were expelled from the university in 1940 for political activism.
First as a lawyer, then an activist and ultimately as a guerrilla leader, Mr Mandela moved towards the collision with state power that would change his own and his country's fate.
The late 1950s and early 1960s were a period of growing tumult in South Africa, as African nationalists allied with the South African Communist Party challenged the apartheid state.
When protest was met with brute force, the ANC launched an armed struggle with Mr Mandela at its head.
He was arrested and charged with treason in 1956. After a trial lasting five years, Mr Mandela was acquitted. But by now the ANC had been banned and his comrade Oliver Tambo had gone into exile.
Nelson Mandela went underground and embarked on a secret trip to seek help from other African nations emerging from colonial rule. He also visited London to meet Tambo.
But soon after his return he was arrested and sentenced to five years in jail. Further charges, of sabotage, led to a life sentence that would see him spend 27 years behind bars.
Nelson Mandela revisiting his prison cell in 1994Nelson Mandela revisited his cell several times after his release
He worked in the lime quarry on Robben Island, the prison in Cape Town harbour where the glaring sun on the white stone caused permanent damage to his eyes; he contracted tuberculosis in Pollsmoor Prison outside Cape Town, and he held the first talks with government ministers while he was incarcerated at the Victor Verster prison farm.
In conversation, he would often say prison had given him time to think. It had also formed his habits in sometimes poignant ways.

Best of the BBC's archive

Nelson Mandela
I recall a breakfast with several other journalists, where Mr Mandela was briefing us on the latest political talks. The waiter approached with a bowl of porridge. Tasting it briefly, the ANC leader shook his head. "It is too hot," he said. The waiter went away and returned with another bowl. This too was sent back. The waiter was looking embarrassed as he approached for the third time.
Fortunately the temperature was now cool enough. The famous broad smile appeared. The waiter was heartily thanked and breakfast - and our questions - were able to continue.
"That was a bit fussy wasn't it," I remarked to a colleague afterwards.
My colleague pulled me up short with his reply. "Think about it. If you spent 27 years in jail, most of the time eating food that was either cold or at best lukewarm, you are going to end up struggling with hot food."
There it was, expressed in the most prosaic of realities, a reminder of the long vanished years of Nelson Mandela.
Prison had taken away the prime of his life. It had taken away his family life. Relations with some of his children were strained. His marriage to Winnie Mandela would end in divorce.
Left: A 1961 photo of Nelson Mandela (AP); Centre: Mr Mandela and his then-wife on his release from prison in 1990 (AFP); Right: Mr Mandela pictured in 2007 (AP)
But as I followed him over the next three years, through embattled townships, tense negotiations, moments of despair and elation, I would understand that prison had never robbed his humanity.
I remember listening to him in a dusty township after a surge of violence which threatened to derail negotiations. Fighting between ANC supporters and the predominantly Zulu Inkatha movement had claimed thousands of lives, mainly in the townships around Johannesburg and in the hills of Natal.
Man holding newspaper on the day Nelson Mandela was set freeHuge crowds greeted Nelson Mandela's release
In those circumstances another leader might have been tempted to blame the enemy alone. But when Mr Mandela spoke he surprised all of us who were listening: "There are members of the ANC who are killing our people… We must face the truth. Our people are just as involved as other organisations that are committing violence… We cannot climb to freedom on the corpses of innocent people."
He knew the crowd would not like his message but he also knew they would listen.
As an interviewee, he deflected personal questions with references to the suffering of all South Africans. One learned to read the expressions on his face for a truer guide to what Mr Mandela felt.
On the day that he separated from Winnie Mandela, I interviewed him at ANC headquarters. I have no recollection of what he said but the expression of pure loneliness on his face is one I will always remember.
But my final memory of Nelson Mandela is one of joy. On the night of 2 May 1994 I was crammed into a function room full of officials, activists, diplomats and journalists, struggling to hear each other as the music pulsed and the cheers rang out.
The ANC had won a comprehensive victory. On the stage, surrounded by his closest advisors, Nelson Mandela danced and waved to the crowd. He smiled the open, generous smile of a man who had lived to see his dream.

Thursday, December 5, 2013

Large Companies Prepared to Pay Price on Carbon - New York Times


Large Companies Prepared to Pay Price on Carbon




Michael Stravato for The New York Times
Shell, a co-owner of the Motiva oil refinery in Port Arthur, Tex., has added climate-related carbon taxes to its long-term budgets.
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WASHINGTON — More than two dozen of the nation’s biggest corporations, including the five major oil companies, are planning their future growth on the expectation that the government will force them to pay a price for carbon pollution as a way to control global warming.

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The development is a striking departure from conservative orthodoxy and a reflection of growing divisions between the Republican Party and its business supporters.
A new report by the environmental data company CDP has found that at least 29 companies, some with close ties to Republicans, including ExxonMobil, Walmart and American Electric Power, are incorporating a price on carbon into their long-term financial plans.
Both supporters and opponents of action to fight global warming say the development is significant because businesses that chart a financial course to make money in a carbon-constrained future could be more inclined to support policies that address climate change.
But unlike the five big oil companies — ExxonMobil, ConocoPhillipsChevronBP and Shell, all major contributors to the Republican party — Koch Industries, a conglomerate that has played a major role in pushing Republicans away from action on climate change, is ramping up an already-aggressive campaign against climate policy — specifically against any tax or price on carbon. Owned by the billionaire brothers Charles and David Koch, the company includes oil refiners and the paper-goods company Georgia-Pacific.
The divide, between conservative groups that are fighting against government regulation and oil companies that are planning for it as a practical business decision, echoes a deeper rift in the party, as business-friendly establishment Republicans clash with the Tea Party.
Tom Carnac, North American president of CDP, said that the five big oil companies seemed to have determined that a carbon price was an inevitable part of their financial future.
“It’s climate change as a line item,” Mr. Carnac said. “They’re looking at it from a rational perspective, making a profit. It drives internal decision-making.”
Companies do not know what form a future carbon price would take. Congress could one day vote to directly tax emissions. President Obama is moving forward with plans to regulate carbon pollution from coal plants, with or without action from Congress — and states could carry out those regulations by taxing carbon polluters. At climate change talks at the United Nations, State Department negotiators have pledged that the United States will cut its carbon emissions 17 percent below 2005 levels by 2020, and 80 percent by 2050.
Mr. Carnac said: “Companies see that the trend is inevitable. What you see here is a hardening of that understanding.”
Other companies that are incorporating a carbon price into their strategic planning include Microsoft, General Electric, Walt Disney, ConAgra Foods, Wells Fargo, DuPont,Duke Energy, Google and Delta Air Lines.
During the 2012 election, every Republican presidential candidate but one, Jon Huntsman, questioned or denied the science of climate change and rejected policies to deal with global warming. Opponents of carbon-pricing policies consider them an energy tax that will hurt business and consumers.
Mainstream economists have long agreed that putting a price on carbon pollution is the most effective way to fight global warming. The idea is fairly simple: if industry must pay to spew the carbon pollution that scientists say is the chief cause of global warming, the costs will be passed on to consumers in higher prices for gasoline and electricity. Those high prices are expected to drive the market away from fossil fuels like oil and coal, and toward low-carbon renewable sources of energy.
Past efforts to enact a carbon price in Washington have failed largely because powerful fossil-fuel groups financed campaigns against lawmakers who supported a carbon tax.
In 1994, dozens of Democratic lawmakers lost their jobs after Al Gore, who was vice president at the time, urged them to vote for a climate change bill that would have effectively taxed carbon pollution. In 2009, President Obama urged House Democrats to vote for a cap-and-trade bill that would have required companies whose carbon-dioxide emissions exceeded set levels to buy emissions rights from those who emitted less. The next year, Tea Party groups spent millions to successfully unseat members who voted for the bill.
But ExxonMobil, which last year was ranked by the Fortune 500 as the nation’s most profitable company, is representative of Big Oil’s slow evolution on climate change policy. A decade ago, the company was known for contributing to research organizations that questioned the science of climate change. In 2010, ExxonMobil purchased a company that produces natural gas, which creates less carbon pollution than oil or coal.
ExxonMobil is now the nation’s biggest natural gas producer, meaning that it will stand to profit in a future in which a price is placed on carbon emissions. Coal, which produces twice the carbon pollution of natural gas, would be a loser. Today, ExxonMobil openly acknowledges that carbon pollution from fossil fuels contributes to climate change.
“Ultimately, we think the government will take action through a myriad of policies that will raise the prices and reduce demand” of carbon-polluting fossil fuels, said Alan Jeffers, an ExxonMobil spokesman.
Internally, ExxonMobil now plans its financial future with the expectation that eventually carbon pollution will be priced at about $60 a ton, which Mr. Jeffers acknowledged was at odds with some of the company’s Republican friends.
“We’re going to say and do what’s in the best interest of our shareholders,” he said. “We won’t always be on the same page.”
It remains unlikely that any climate policy will move in today’s deadlocked Congress, but if Congress does take up climate change legislation in the future, Mr. Jeffers said ExxonMobil would support a carbon tax if it was paired with an equal cut elsewhere in the tax code — the same policy that Mr. Gore has endorsed. “ExxonMobil and many other large companies understand that climate change poses a direct economic threat to their businesses,” said Dan Weiss, director for climate policy at the Center for American Progress, a liberal research group with close ties to the Obama administration. “They need to convince their political allies to act before it’s too late.”
Koch Industries maintains ties to the Tea Party group Americans for Prosperity, which last year campaigned against Republicans who acknowledged the science of climate change. The company also contributes money to the American Energy Alliance, a Washington-based advocacy group that campaigns against lawmakers that it claims support a carbon price. This year, the American Energy Alliance says it has spent about $1.2 million in ads and campaign activities attacking candidates who it says support a carbon price.
Robert Murphy, senior economist at the American Energy Alliance, said his group was not concerned that it had taken a different position from the major oil companies. “We’re not taking marching orders from Big Oil,” he said.
In fact, Koch has a longtime resentment of the biggest oil companies.
According to company history, Koch’s founder, Fred Koch, the father of Charles and David, invented a chemical process to more efficiently refine oil but was blocked from bringing it to the market by John D. Rockefeller, the owner of Standard Oil — the company that was later broken up to make some of the major oil companies of today, including ExxonMobil.
People at Koch say sore feelings remain to this day.

Wednesday, December 4, 2013

Why work so hard? - Financial Times

Why work so hard?

http://www.ft.com/intl/cms/s/2/2244c266-4c5d-11e3-923d-00144feabdc0.html#axzz2kzwTQnwX

November, 15, 2013

By Harry Eyres
‘Keynes predicted that by the early 21st century the working week would be cut to 15 hours’
What do the Bushmen of the Kalahari have in common with John Maynard Keynes? In a visionary essay entitled “Economic Possibilities for our Grandchildren” (1930), Keynes made two prophecies: first, that the Great Depression would prove to be “only a temporary period of adjustment” and that prosperity would increase for the next two generations and more. On this his prediction that living standards “one hundred years hence will be between four and eight times as high” was correct; we are five times better off than our grandparents or great-grandparents were in 1930 and our children may be eight times better off than them by 2030.
His second prediction was that by the early 21st century the working week would have been cut to 15 hours. Here he was dead wrong. The number of hours worked in both the US and Europe has remained pretty steady for decades, at more than 40 hours a week, with Americans working much harder than Europeans. But the 15-hour working week is not a pure pipe dream; for millennia, until the possibilities for their hunter-gatherer lifestyle were taken away, the San (Bushmen) people of southern Africa thrived, with a good diet (2,500 calories a day), on little work (two to three hours a day) and much play.
This provocative comparison was made by the anthropologist Dr James Suzman in a recent lecture for Protimos, a charitable organisation committed to providing legal assistance to marginalised communities in the developing world. The traditional lifestyle of the San, he argued, represented a kind of “primitive affluence”. Our narratives of progress, starting with Hobbes’s lines about life in the state of nature being “nasty, brutish and short”, have assumed a steady improvement in the human lot as hunter-gathering, under threat from sabre-toothed tigers, has given way to farming and then industry (under threat from sabre-toothed bosses).
For some time now anthropologists and others have cast doubt on this over-simple story. Farming did not immediately bring improvements in health and longevity. Indeed, in 1987 the geographer Jared Diamond wrote an article outlining why agriculture was the “Worst Mistake in the History of the Human Race”. With it came “the gross social and sexual inequality, the disease and despotism, that curse our existence”. Skeletons uncovered in Greece and Turkey show that the average height for men dropped from 5ft 9in at the end of the last Ice Age to 5ft 3in in 3000BC, after the invention of agriculture.
So the myths of a golden age were not just nostalgic fantasy. Unfortunately, the San do not live in a golden age. Their condition is, in Suzman’s words, “truly grim”; they have been enveloped as governments and other entities have acquired ownership of what was once their land, turned into indentured serfs and ravaged by ill health and alcoholism. The lecture, introduced by Lord Justice Laws, had the ulterior purpose of raising funds for a legal centre dedicated to protecting the San’s intellectual property rights, which are in effect their only assets.
Helping to protect the San certainly seems a worthy cause: perhaps the most amazing moment in the evening was some footage from the BBC’s Life of Mammalsshowing the hunting of a kudu by a lone San hunter. The coup de grâce seemed to have a kind of grace, as an act of love as well as killing.
The lecture got me thinking – as it was designed to – not just about the San but about matters closer to home; that is, about supposedly advanced societies in the early 21st century. Why are we all so addicted to work? Why do we assume that working harder and harder is an unquestionable virtue?
This tendency reached its apogee in the recent Tory party conference in the UK with its motto “for hardworking people” (though I liked the Private Eye cover with a speech-bubble coming out of David Cameron’s mouth saying, “I thought of the slogan while I was on holiday” – Cameron being famed for his skill at chillaxing). For “hardworking” you might read “desperately overworked”. Madeleine Bunting’s disturbing 2004 book Willing Slaves revealed an epidemic of work-related stress and depression among British white-collar workers. One correspondent described the effects of “work overload” as “poor sleep quality, an inability to engage in evening conversation, a ‘Fuck it’ attitude to bills, shopping, parent phoning, friend phoning, eating and sex.” But the addiction to work goes deeper than the very real external compulsion as workforces are squeezed. There is also, as Bunting recognises, a voluntary aspect to the plague of overwork; people associate work with status and money, though if they work all the time when will they have time to enjoy it?
At the Geneva Congress in 1866, the International Association of Working Men set down its demand for an eight-hour day: “We require eight hours work, eight hours for our own instruction and eight hours for repose.” Cultivating ourselves and caring for others is also a kind of work.

Monday, December 2, 2013

China lifts IPO ban and relaxes rules - CNN

China lifts IPO ban and relaxes rules

http://money.cnn.com/2013/12/02/investing/china-ipo/index.html

  @CNNMoneyInvest December 2, 2013: 4:41 AM ET
china ipo
A replica of the Wall Street bull on display in Shanghai.
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China is ending a year-long moratorium on IPOs and relaxing the rules governing the way companies are approved for public trading on stock exchanges.

Released by the China Securities Regulatory Commission over the weekend, the new guidelines suggest that up to 50 companies will be ready to go public by the end of January.
The new listings should break the logjam of firms lining up to issue shares in China. There are currently almost 800 companies waiting for an IPO -- a list that has grown over the past year as Chinese regulators tried to support floundering equities markets by suspending new offerings.
Beleaguered mainland stocks have largely missed out on the global rally, with the benchmark Shanghai Composite losing more than 22% of its value over the past three years. Since the IPO moratorium was put in place, the index has risen about 10%.
China also said it was moving away from its approval-based IPO scheme -- an onerous and time consuming process that favors state-backed enterprises over small and mid-sized companies.
It slices, it dices, it's a noodle robot!
Instead, regulators will evaluate future listings using a registration-based system. Under this system, widely used outside China, companies that meet basic requirements can register for a listing -- with the market left to evaluate viability and future earnings potential.
The promised change to the rules is the first major example of regulators following through on the ambitious blueprint for reform that was released at the conclusion of last month's meeting of the Communist Party.
Echoing the spirit of that document, the CSRC said that the new process will provide greater transparency for consumers, and allow market forces to play a larger role in equities trading.
Beijing's grand reform plan, which addresses social and economic trouble spots from polluted air to land rights, include 60 specific tasks that should guide economic priorities in China over the next decade.
In addition to some social reforms, the roadmap seeks to roll back government control of state-owned enterprises and allow for greater competition with private firms.
China's consensus-driven approach to policymaking could make for slow progress in translating the principles into real change for private companies, consumers and foreign investors. To top of page


Sunday, December 1, 2013

Black Friday Shopping Breaks Records in Stores and Online - TIME.

Black Friday Shopping Breaks Records in Stores and Online

http://business.time.com/2013/11/30/black-friday-shopping-breaks-records-in-stores-and-online/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+timeblogs%2Fcurious_capitalist+%28TIME%3A+Business%29


$1 billion spent online on Thanksgiving Day alone


china_gdp_1018
Tomohiro Ohsumi / Bloomberg via Getty Images
Shoppers and pedestrians walk along a shopping street in Wuhan, China, on Oct. 17, 2013

Despite protests against Walmart and a national backlash over stores opening for customers on Thanksgiving day, this year’s Black Friday sales hit record-highs both in stores and online.
IBM reported that Black Friday online sales were up 20% over the same time last year, reaching record-breaking levels, according to Tech Crunch. Mobile consumption continued to rise with a 34% increase in traffic over last year’s Black Friday, with sales also improving and accounting for 21.8% of the day’s total online sales, a 43% increase year-over-year.
A record-breaking $1 billion was spent online on Thanksgiving day, according to an analysis by Adobe Systems, which examined 180 million visits to more than 1,000 retail sites. Sales on eBay.com shot up 35% through noon EST compared to the same time last year on Black Friday, according to e-commerce firm ChannelAdvisor. Amazon.com sales jumped 25% over the same period, USA Today reports.
Meanwhile, Walmart reported its best Black Friday ever, processing approximately 10 million register transactions during a four-hour window on Thursday night, CEO of Walmart USA Bill Simon announced, with in-store traffic and sales remaining strong throughout Friday. Online, the company claims it received 400 million pageviews. Walmart has been mired in controversy since workers rallied against the company for meager pay and remaining open on Thanksgiving. Protesters are asking for $25,000 as an annual minimum wage.


Read more: Black Friday Holiday Shopping Breaks Records Online and at Walmart | TIME.com http://business.time.com/2013/11/30/black-friday-shopping-breaks-records-in-stores-and-online/#ixzz2mEaHAJzt