Daily Archives: April 9, 2014

Philippines: UN seeks debt relief to support typhoon recovery

Posted: April 9, 2014 at 12:40 am

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New York, Apr 8 : Voicing concern that the Philippines' post-typhoon reconstruction and recovery efforts could be undermined by its heavy debt load, a United Nations independent human rights expert on Monday issued a strong call on international creditors to cancel the country's debt and to provide unrestricted grant aid instead of new loans.

"Grant aid, not new loans, is needed to overcome the impact of the tropical cyclone which struck the country five months ago," said Cephas Lumina, the independent expert tasked with monitoring the effects of foreign debt on the enjoyment of all human rights, particularly economic, social and cultural rights.

Of great concern, he stressed, was that reconstruction, development and realization of economic and social rights will be undermined if the high debt stock of the country is further enlarged to unsustainable levels.

Noting the international support provided the Philippines in the aftermath of Typhoon Haiyan, Lumina underscored that more than USD 22 million leaves the country daily to pay off overseas debts.

"While around USD 3 billion has left the country to serve its debt since the typhoon struck, the country has received so far only USD 417 million for its strategic response plan by international and private donors, about half of the total relief requested," the expert stressed.

Although over one fourth of its population lives in poverty, the Philippines is classified as a lower Middle Income Country and therefore has been disqualified from international debt relief programmes. This year alone, the Philippines is supposed to pay USD 8.8 billion debt.

To date, the World Bank has provided a USD 500 million support loan and a USD 480 million loan for rebuilding infrastructure and social services while the Asian Development Bank has offered nearly USD 900 million of assistance. However, most of this was in the form of new loans and only USD 23 million was given in grants.

In theory, loans for reconstruction cannot generate returns to allow the debt to be paid. For his part, Lumina highlighted the importance of cancelling debt by international lenders to ensure that the Country can recover.

"The disaster should rather serve as an opportunity for lenders to acknowledge that odious debts emanating from the rule under Ferdinand Marcos should be cancelled," Lumina underscored.

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Philippines: UN seeks debt relief to support typhoon recovery

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NVidia Shield PPSSPP DJ Max Futurism – Video

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NVidia Shield PPSSPP DJ Max Futurism

By: Deenox Don

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NVidia Shield PPSSPP DJ Max Futurism - Video

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Damn Right 'It's Album Time': House Whiz Todd Terje Drops a Booty Bomb

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Release Date: April 8, 2014 Label: Olsen

For the last decade, Oslo DJ/producer Todd Terje has indulged scholarly fetishes for '60s lounge music, '70s disco/prog/jazz-fusion, '80s TV show themes, and '90s electronica, yet his buoyant output resists the weight of history: The dude rocks a party with rollicking flair. He's got the sensibility to impress serious music heads his 2012 EP It's the Arps was performed exclusively on vintage ARP synths, the sort favored by '70s jazzbos yet his sunny mutant grooves remain fundamentally fun. While much EDM keeps getting more automated and commoditized, Terje's countless singles, EPs, remixes, and re-edits have grown more articulated, better played, and, most importantly, increasingly individuated: Terje's particular house music emphasizes its humanity.

With one notable exception, his long-awaited long-playing debut It's Album Time is solely instrumental, but always feels as though Terje [pronounce it Terr-YEAH] is singing via his sounds. His compositional voice is playful, but exacting, like an eccentric, joke-cracking professor who nevertheless schools well. On track after track, Terje dances to his own drum not in that hokey put-your-hands-in-the-air way, but as if pop-locking breakdance kids had hooked up with Bob Fosse's Broadway babies to reinvent the funky robot for the 21st century.

Like Daft Punk, Terje looks to the past's version of futurism to transcend today's numbed-out consensus beats. "Intro (It's Album Time)" sets the tone with a sci-fi title sequence's sense of expectation and wonder as multiple synths tinkle, twitter, and ultimately soar to the heavens. He comically undercuts this auspiciousness with "Leisure Suit Preben," which starts out lumbering with a trudging synth bassline and scattered wah-wah quacks but suddenly turns lyrical and foreboding, as if a femme fatale had ensnared our spy hero. The harmonies grow lush and overripe, delightfully evoking a bygone European soundtrack composer's florid impression of African-American jazz not the real thing, for Terje never forgets that he's generations and oceans removed from his sources. With "Preben Goes to Acapulco," he sends his homegrown protagonist hustling south of the border via '70s-squeaky synths and tightly wound syncopations.

In the credits, Terje lists his equipment with a gearhead's glee "ARP 2600 with St. Eric Mods" (an old synth refurbished by a contemporary Dutch lab), "NI Abbey Road Drums" (new drum software engineered to sound old), and "my brother's double bass." He's both analog and digital, synthetic and acoustic, and playing most everything himself, but the result still swings. Taking a tip from his countrymen in Mungolian Jetset, he offsets psychedelic quirks with dazzling technique on "Svensk SAS," which features layers of scatting grunts intertwined with a deliriously tropical melody.

Terje's inspirations may largely be retro, but he's one of the leading lights of a current Scandinavian scene that's essentially neo-Balearic the 21st century version of '80s Ibiza's melodic, anything-goes DJ approach, the one that thrived before Brit jocks colonized the Spanish Mediterranean island. It's this dubby but joyous vibe that he brings to his fleet-footed numbers. He even calls one "Oh Joy," which re-imagines synth icon Jean Michel Jarre with a hi-NRG makeover. For three minutes he teases a suspenseful, sequencer-driven build out of keyboards soloing in harmony like the Miami Vice version of Thin Lizzy. Then, finally, those Abbey Road drums enter, and the rest just rockets into dancefloor ecstasy once again proving that as nerdy as Terje gets, the guy can jam the fuck out.

He nevertheless hedges his bets on It's Album Time by rightfully including some single and EP tracks that deserve a broad audience, one that doesn't collect pricey import 12"s and scattered mp3s. It's the Arps's "Inspector Norse" and both parts of "Swing Star" reappear in slightly tweaked form along with a condensed edit of last year's "Strandbar" that judiciously reduces its "disko" mix's nagging piano chords, thereby maximizing their impact. New cuts "Delorean Dynamite" and "Alfonso Muskedunder" strike with similar stealth: Terje spices up the former's space disco motif by riffing Nile Rodgers-style on his Fender Tacocaster (yes, that's a real guitar). On the latter's speedy samba, he lets his multi-instrumentalist skills fly and nimbly recreates the wordless vocal razzmatazz of bygone sibling harmony group the Free Design.

Nearly every EDM pan-flasher has launched their debut disc with a teen-accessible vocalist, typically with crass results. Terje takes the high road by enlisting Bryan Ferry, whose solo and Roxy Music classics he's already remixed. But whereas his re-imaginings of "Don't Stop the Dance" and "Love Is the Drug" emphasize rhythmic uplift, Ferry and Terje's cover of late crooner Robert Palmer's originally spritely "Johnny and Mary" is so willfully lethargic it resists both club and radio play.

Palmer's depiction of a woefully mismatched couple is that singer's career highlight, a canny distillation of the doomed love games Ferry still embodies. Here, the 68 year-old Casanova whispers it with a vocal apparatus so worn by cigarettes, late nights, and a bajillion supermodels that he can barely sigh the air out of his lungs. Terje casts Ferry in what feels like a Fellini dream sequence playing at a nightmarish fraction of its intended speed, as if Marcello Mastroianni can no longer leave his bed, much less lure vixens to it. Terje can make an aging gigolo's commentary on the folly of his misspent youth the centerpiece of his otherwise invigorating dance album because he's the rare crowd-pleasing DJ whose musical skills trump his proven ability to move butts.

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Damn Right 'It's Album Time': House Whiz Todd Terje Drops a Booty Bomb

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