Thursday, March 8, 2007

Bush is a Moops

Our president landed in San Paulo, and to the great surprise of absolutely no one...

some 10,000 people spilled out along one of the city's broadest avenues, in
the heart of the financial district, banging drums, waving red flags
and carrying banners reading "Bush Go Home".
At least 20 people were hurt in clashes between demonstrators and riot police.
Demonstrators
threw rocks, fireworks and homemade "potato bombs" - made from
gunpowder wrapped in foil - at some of the 4,000 police patrolling the
streets during Mr Bush's visit.

Riot police responded by firing tear gas and lashing out with their batons.


So why all the fuss? Is it Iraq?

Yes,
in part, but it's also about (what else?) fuel. Together with Columbia,
Brazil produces 70% of the world's supply of ethanol (bio-fuel) which
powers 8 out of 10 cars in the country. The accord Bush is pushing
would make ethanol an internationally traded commodity and promote its
production in Central America and Caribbean.

Sounds ok so far....

But the cultivation of sugar cane which is used to make ethanol is water intensive and responsible for stripping the Amazonian rainforest. Plus, the production process is concentrated in the hands of a few powerful families and corporations.

I
was wondering how Bush jumped so suddenly (like a gazelle, one might say) and
absolutely behind bio fuel recently. This article and the Brazilian
response to his first of several stops in that part of the world make
it fairly evident that this is just one more opportunity to control
supplies of wealth abroad by oppressing foreign citizens and the last of our natural resources.

Ok,
I have to get back to a paper about another gem brought to us by The
Administration of Destruction. It's on the Restatement (1st) of Archaic
Corporate Law, Only Tweaked a Little to Pad the Paychecks of Accountants
and Lawyers and to Drive Small Businesses Under Act of 2002 (commonly
referred to by its acronym:SOX).

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