Tue12Jan LONDON Food Not Bombs co-founder Keith McHenry

Wed Jan 6 23:38:14 GMT 2010

 
> On the related theme  "eating the city" ( or was it right to the city ?)
> here is an interesting event in London next week ...
>
> ======BAKE GOODS NOT BANK BAILOUTS====================
>
> Responding to the economic crisis and global hunger.
> Tuesday 12th January 2010
> 7pm at LARC (62 Fieldgate St. Whitechapel E1 1ES)
> Admission is free
> Video and Presentation with Food Not Bombs co-founder Keith McHenry
>
> https://london.indymedia.org.uk/events/3577
>
> Food Not Bombs co-founder Keith McHenry will speak about the movements
> response to the global economic crisis and the increase in hunger. Food
> Not Bombs is an all volunteer global movement sharing vegetarian food
> with the hungry and working for peace and social justice. Keith has
> worked with Food Not Bombs groups all over the world and will share his
> experiences of cooking and feeding the hungry. Food Not Bombs chapters
> from Iceland to Chile are busy feeding those displaced by the global
> economic depression, planting Food Not Lawns community gardens,
> organizing Really Really Free Markets and housing the homeless in
> abandoned buildings with Homes Not Jails. Keith will also show a dvd
> about his work in Africa and talk about how to start a Food Not Bombs
> group.
>
>  
>> NeedOverGreed ... as part of "The Cafe of Equivalent$" exhibition
>> http://www.kennardphillipps.com/cafe-of-equivalent
>>
>>
>>
>> Worldï¿½s tallest tower opens in debt-hit Dubai
>> http://www.ft.com/cms/s/0/0679fde2-f894-11de-beb8-00144feab49a.html?nclick_check=1
>>
>> By Simeon Kerr in Dubai
>>
>> Published: January 3 2010 18:33 | Last updated: January 3 2010 18:33
>> Labourers work near the Burj Dubai tower
>>
>> Dubai will on Monday open the worldï¿½s largest tower as the city seeks 
>> to revitalise its economy after 2009ï¿½s annus horribilis was capped by 
>> a debt crisis and a second $10bn bail-out loan from neighbouring Abu 
>> Dhabi.
>>
>> The government hopes the unveiling of the 160-plus storey structure 
>> will pierce the cloud that has lingered over Dubai since it was 
>> forced to accept further financial support from the capital of the 
>> United Arab Emirates and investors turned their backs on the city, 
>> once the darling of international finance.
>>
>> Sheikh Mohammed bin Rashid al-Maktoum, after navigating the worst 
>> crisis in his four years as ruler of Dubai, will lead a day of 
>> celebrations to unveil the residential, hotel and office building, 
>> which offers views across the Gulf to Iran.
>>
>> For a city founded on superlatives, the achievement of delivering 
>> Burj Dubaiï¿½s half-mile high tower in six years is triggering a wave 
>> of hyperbole that has not been silenced by last monthï¿½s crisis of 
>> confidence over the cityï¿½s $100bn debt mountain. The official news 
>> agency called it ï¿½another unique achievement by Dubai to be added to 
>> the pages of humanityï¿½s modern historyï¿½.
>>
>> Shares in Emaar, the towerï¿½s developer, rose almost 8 per cent to 
>> Dh4.16 on the optimistic sentiment, helping Dubaiï¿½s bellwether stock 
>> recover to pre-crisis levels after plunging to Dh2.56 a month ago.
>>
>> About 90 per cent of units have been sold in Burj Dubai, which will 
>> welcome inhabitants to the Giorgio Armani-designed residencies from 
>> February, while the worldï¿½s first Armani Hotel will open in March.
>>
>> Prices in the tower ï¿½ which were the highest in the Dubai property 
>> market when the residences went on sale in 2007 ï¿½ have held up in 
>> spite of the 50 per cent crash across the city, including the 
>> surrounding developments of Downtown Burj Dubai.
>>
>> For Dubaiï¿½s defenders and critics, Burj Dubai is either an 
>> engineering marvel or a stark reminder of the commercial hubï¿½s excesses.
>>
>> Roy Cherry, analyst with Shuaa Capital in Dubai, said the truth lies 
>> somewhere between the two. ï¿½It is a fantastic building and a great 
>> achievement for Emaar, but Dubaiï¿½s dreams and challenges remain 
>> greater than any one building.ï¿½
>>
>> Last monthï¿½s bail-out loan eased default concerns, but Dubaiï¿½s 
>> reputation as a global financial centre remains tarnished after the 
>> sloppy restructuring of Dubai Worldï¿½s $22bn distressed debt pile, a 
>> process that will dominate much of the outlook for 2010.
>>
>> Economists say Dubai has fallen into a painful recession after years 
>> of 15 per cent growth came to a halt as the real estate bubble burst. 
>> The simultaneous rise in capacity, carried over from the cityï¿½s 
>> grandiose boom-time plans, is now squeezing margins and bringing down 
>> prices.
>>
>> That may be painful for investors who bought into the mirage of the 
>> cityï¿½s ever-ascending spiral, but hope can be found in a more 
>> affordable Dubai underpinning the cityï¿½s allure as a services hub for 
>> the affluent Gulf region.
>>
>> As the regionï¿½s prospects brighten with the rising oil price, Emaar ï¿½ 
>> which has retained 10 per cent of the towerï¿½s units for sale in the 
>> coming months ï¿½ is betting that Dubaiï¿½s infrastructure, epitomised by 
>> Burj Dubai and the newly opened Metro network, will allow it to ride 
>> a recovery and shake off its debt woes.
>>
>>
>> ------------------------------------------------------------------------
>>
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>>
>>
>>
>>   
>