The Earthquake in Indonesia: How Collaboration Impacts the Global Water Crisis

SOUTH CAROLINA, USA, Oct 16 (IPS) – George C. Greene, IV is the President and Chief Operating Officer of Water Mission*, a nonprofit Christian engineering organization that designs, builds, and implements safe water, sanitation, and hygiene (WASH) solutions for people in developing countries and disaster areasOn Friday, September 28, the world first heard the devastating news out of Indonesia that a 7.5 magnitude earthquake had struck the island of Sulawesi. The quake caused substantial soil liquefaction — where the earth literally turned to liquid and started to flow — with entire homes sinking into the ground. It also triggered a tsunami, confirmed to be as high as 23 feet, that devastated the coastal areas.

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Another global financial crisis for developing countries?

SYDNEY & KUALA LUMPUR, Sep 18 (IPS) – George Soros, Bill Gates and other pundits have been predicting another financial crisis. In their recent book, Revolution Required: The Ticking Bombs of the G7 Model, Peter Dittus and Herve Hamoun, former senior officials of the Bank of International Settlements, warned of ‘ticking time bombs’ in the global financial system waiting to explode, mainly due to the policies of major developed countries.

Read the full story, “Another global financial crisis for developing countries?”, on globalissues.org

A golden lesson from the 2008 financial crisis

A golden lesson from the 2008 financial crisisTen years ago on Sept. 15, the financial firm Lehman Brothers filed for bankruptcy, triggering the worst global recession in decades. Largely unnoticed on this 10th anniversary, however, is the fact that it also awakened an improved culture of prudence in many financial firms as well as other companies. While financial crises are hardly new, the job of “risk manager” was invented only about two decades ago.