While the USA and Britain indeed face problems, many western-owned banks are in trouble for making loans available to Eastern-European and other developing countries. Who was whining at the WHO for loans and handouts just a few weeks ago?
By the way, South America as a continent is in deep shit, and so is - wouldja believe it - Switzerland.
Oh and on the global warming thing - South Africa is Africa's largest CO2 emitter and one of the world's largest. This is thanks to our extraordinary coal to liquids technology, and our penchant for burning coal to generate electricity.
Motlanthe perhaps needs to do a little research before making speeches. He's starting to sound like Mbeki on AIDS.
By the way, South America as a continent is in deep shit, and so is - wouldja believe it - Switzerland.
Oh and on the global warming thing - South Africa is Africa's largest CO2 emitter and one of the world's largest. This is thanks to our extraordinary coal to liquids technology, and our penchant for burning coal to generate electricity.
Motlanthe perhaps needs to do a little research before making speeches. He's starting to sound like Mbeki on AIDS.
clipped from www.sowetan.co.za The global financial crisis, which has seen “massive job losses”, could have been avoided if the US and Britain had exercised more control over banks in their countries. “What started off as a crisis among a few lending institutions has exploded into a global credit crunch, with severe consequences for production and trade,” Motlanthe said. He said “the world was now feeling the devastating impact” of the job losses. Motlanthe also said all the governments of the world needed to move fast to prevent further global warming.
ANC president Jacob Zuma, speaking at the same meeting, admitted that South Africa was the 14th largest producer of greenhouse gases in the world. The reason for this was South Africa’s “heavy reliance on coal” as its main source of energy. |
No comments:
Post a Comment