Ecological deterioration, landslides, accumulation of algae, vast islands of floating debris, cracks in surrounding areas: serious problems have surfaced in China’s massive Three Gorges Dam.
One dam in the southern province of Guangdong was so badly damaged by floods and on the verge of collapse that authorities had to make plans to demolish it. See CRIENGLISH.com report here. Continue reading »
A conference on building dams – and what more ‘appropriate’ venue than Sarawak, where a dam-building frenzy has gripped policy makers.
These days they have green-washed their image: they are calling it “Water Resources and Renewable Energy Development”.
Interesting story here from the gossip pages of the New York Post.
The Post links Low Taek Jho, a Penang boy who studied in Wharton, to UBG Bhd, a listed firm.
Curious, I looked up the UBG Annual Report for 2008 and found that there is a 27-year-old group advisor/non-independent non-executive director by that name. “He currently serves as group advisor of several international corporations, involved in global private equity, mergers and acquisitions, buyout, government-togovernment offset structured investments and financing, networking and financial aid, amongst others.”
Must be some 27-year-old. Check out his ‘stock pick’ from 2000.
