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Tuesday 27 September 2011

The trader who lifted the lid on what the City really thinks


One man reveals how economic disaster would let him and his colleagues profit 

By Tom Peck
Tuesday, 27 September 2011

The world may be teetering again on the precipice of economic disaster but those with any investment in the popularity of Alessio Rastani, a hitherto unknown "independent trader", had a worse day than most after his memorable appearance on television yesterday morning.

"I have a confession, I go to bed every night and I dream of another recession, I dream of another moment like this," he told dumbstruck BBC News presenter Martine Croxall, when asked if the proposed eurozone bailout would work.

The interviewer thanked the trader for his candour but told him that "jaws had dropped" around the BBC newsroom while they listened to his answers shortly after 11am.

"I'm a trader," he said. "We don't really care whether they're going to fix the economy, our job is to make money from it.

"The 1930s depression wasn't just about a market crash," he added. "There were some people who were prepared to make money from that crash. I think anyone can do that. It's an opportunity."

The three-minute clip quickly spread online, provoking outrage. In the interview, Mr Rastani went on to advise "everyone watching this" that, "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late."

He said it was "wishful thinking" to believe that governments could prevent another recession.

On his Twitter profile Mr Rastani describes himself as an "experienced Stock Market and Forex trader" who is "dedicated to helping others succeed".

Some were as quick to praise him as others were to damn him. Comments on his Facebook page included: "Great interview" and "talk about the truth," while others described Mr Rastani as a hero.

The current crisis bears considerable similarity to that which engulfed the world in 2008, though thus far it lacks the talismanic hate figure generously provided in the form of the former RBS chief Sir Fred Goodwin. The slick-haired, pink-tied and American-accented Mr Rastani may yet fill the void.

Quite how much he personally stands to gain should the financial world collapse again is unclear. The profile on his website, Leadingtrader. com, would suggest he is more reliant on "professional speaking" than his wizardry in the money markets to keep in him in hair gel. But after his performance yesterday it may just be that, like the eurozone, that particular sideline is beyond salvation.

"My belief is that anyone who wants to improve their income and achieve success in life, cannot afford to ignore learning how to trade," he says.

"Based on Alessio's sound advice, I pulled my money out of the markets just before the 2008 stock market crash. He saved me a fortune, not to mention my pension!" claims a client named as Maurice E.

Though Twitter users were quick to pick up on Mr Rastani's outburst, his dire forecast went mysteriously unnoticed by the wider financial markets. Shares in French and German banks rose by as much as 10 per cent, as traders analysed a proposed three trillion euro (£2.6 trillion) rescue package for the single currency.

AQA - Exam board to penalise private school pupils

By Richard Garner, Education Editor in The Independent
Tuesday, 27 September 2011

A controversial plan to rank all A-level students according to the schools they attend – which would allow universities to discriminate against pupils from private schools – is unveiled today by Britain's biggest exam board.

The radical proposal would allow universities to offer places to students from disadvantaged homes who showed potential but had performed less well in exams than their peers at better schools.

The plan by the exam board AQA (Assessment and Qualifications Alliance) provoked a storm of argument among academics and independent schools. There were immediate fears that candidates will be penalised simply because they achieve good A-level results at a good school. Independent schools are also alarmed that the approach could discriminate against disadvantaged pupils to whom they have offered scholarships.
Dr Tim Hands, headmaster of Magdalen College, Oxford, and co-chairman of the Independent Schools' Universities Committee, said: "It is extraordinary. It takes no account of home background or the amount of tutoring a pupil could have."

Professor Alan Smithers, head of the Centre for Education and Employment Studies at the University of Buckingham, added: "There must be concerns about the ranking the candidates are awarded. The possibility for errors is enormous." The plan is contained in a paper prepared for discussion by Dr Neil Stringer, senior research associate at the AQA Centre for Education Research and Policy, and being circulated at the party conferences for debate this month.

It advocates the drawing up of a national system for ranking both candidates’ achievements and the educational context in which they were taught.

Pupils at weak schools would get bonus points; those at elite schools could be penalised in comparison.
Dr Stringer cites the example of St George’s Medical School in London in support of his argument. It offers places to students with lower A-level grades (BBC rather than AAB) providing that their performance is 60 per cent better than the average for their school.

“St George’s reports that students from poorly performing schools who are accepted into medical school with lower grades do just as well as their peers with higher grades,” he adds.

“This strongly suggests that students admitted through the adjusted criteria scheme learned enough at A-level and are able enough learners to compete successfully with students who achieved higher A-level grades under more favourable.”

Under the blueprint he has devised, students would be awarded an exam score based on their best three A-level grades and then placed into different performance bands. They would then be given the ranking for their school.

Dr Stringer says the system could either be offered to universities individually – or drawn up centrally by an existing agency like Ucas, which is currently reviewing its A-level system.

The AQA believes it can be an an alternative to allowing students to apply to university after they have got their results – rather than be awarded places on predicted grades. This plan, under active consideration from ministers and said by some to be fairer towards disadvantaged students, has failed so far to get off the ground largely because of opposition from universities.

Professor Smithers added: “I would hope that any university worth its salt would look at the candidates’ achievement and inform their own view as to their potential.”

Dr Hands added: “Cambridge University, which features at the top of many a global league table, has recently published research that shows prior schooling is of insignificant effect with regard to degree outcome.

“The proposer of this scheme might like to bear this in mind.”

Brian Lightman, general secretary of the Association of School and College Leaders, which represents the majority of state secondary school heads, described it as “a step too far”. He said it should not detract from the need to provide all pupils with a good education in a good school.

Lee Elliott Major, of the education charity the Sutton Trust, which campaigns to get more disadvantaged young people into leading universities, said: “We support the use of so called contextual information when judging students’ potential and achievement.”

However, he added that the “bigger challenges” were in getting “more children with the grades at school to make university a realistic prospect and encouraging pupils to actually apply when they have the grades”.
Dr Stringer stresses in his paper: “The proposed system would not encourage or require universities to relinquish control of their admissions systems. It is not an issue of allocating students to universities on the basis of their respective rankings: admissions tutors would be free to make decisions.”

The AQA said the scheme could be considered as an alternative to Post Qualification Application – allowing students to apply to university after getting their results.

That, argued Andrew Hall, chief executive of AQA, would lead to a shorter teaching year if exams were brought forward.

“We have real concerns about the effect this could have on the performance of some students,” he added.
“So our Centre for Education Research and Policy have devised a different way to tackle the issue that doesn’t disadvantage any student and allows all applicants – from whatever their school type or background – to compete fairly for university places.”

* Meanwhile, plans to mark GCSE students on their spelling and punctuation and scrap most resits were published by Ofqual, the exam standards watchdog, yesterday.

It has launched a consultation on the proposals which would see teenagers – from 2012 – having to sit all their exams in the summer at the end of two-year courses rather than sit modules throughout the course.

They would also only be allowed to resit English and maths.

The reforms were first announced by Education secretary Michael Gove earlier this summer.

How the new system would work

Under the new system, a pupil at a weak school who got a lower grade than a rival pupil at a good school could still be given more university entrance points, writes Richard Garner.

The blueprint would work like this. James goes to a low-performing comprehensive in a disadvantaged area. He manages to get an exam score of 36 out of 40. However, he is entitled to bonus points as a result of his school's low ranking (it scores minus three in the rankings).

Adam, on the other hand, goes to a top performing independent school with no pupils on free school meals and got 38 for his exams. But he faces being penalised on his school's ranking (the school is given a "plus three" ranking).

It would, of course, be up to the individual university to decide what to do with this information but one way of using it will be to add three points to James's exam score because of the background he comes from and deduct three points from Adam. On that basis, the place would go to James.

The argument in the paper is that there are still vastly more points awarded for exam performance than education context and it is unlikely that any university would be as crude as to deduct the maximum ranking points from Adam and give the maximum three extra to James.

However, what is likely is that both Adam and James would be longlisted - something that would not have happened to James without the ranking system. Then James's potential would outweigh Adam's performance.

Sunday 25 September 2011

Global finance has dysfunction at its heart

Sound fiscal policy alone won't solve this debt crisis. We need structural reform of the entire financial system

  • The world economy is in turmoil again. We have seen two weeks of near-universal falls in major stock markets, prompted by the spread of the eurozone crisis to Spain and Italy, the phony fiscal crisis in the US manufactured by the Republicans, and the economic slowdown around the world. The first ever downgrading of the US debt by Standard & Poor's last weekend has certainly added to the drama of the unfolding events.

    The debate focuses on how budget deficits should be controlled, with the dominant view saying that they need to be cut quickly and mainly through reduction in welfare spending, while its critics argue for further short-term fiscal stimuli and longer-term deficit reduction relying more on tax increases.

    While this debate is crucial, it should not distract us from the urgent need to reform our financial system, whose dysfunctionality lies at the heart of this crisis. Nowhere is this more obvious than in the case of the rating agencies, whose incompetence and cynicism have become evident following the 2008 crisis, if not before. Despite this, we have done nothing about them, and as a result we are facing absurdities today – European periphery countries have to radically rewrite social contracts at the dictates of these agencies, rather than through democratic debates, while the downgrading of US treasuries has increased the demands for them as "safe haven" products.

    Was this inevitable? Hardly. We could have created a public rating agency (a UN agency funded by member states?) that does not charge for its service and thus can be more objective, thereby providing an effective competition to the current oligopoly of Standard & Poor's, Moody's, and Fitch. If the regulators had decided to become less reliant on their ratings in assessing the soundness of financial institutions, we would have weakened their undue influence. For the prevention of future financial crises we should have demanded greater transparency from the rating agencies – while changing their fee structure, in which they are paid by those firms that want to have their financial products rated. But these options weren't seriously contemplated.

    Another example of financial reforms whose neglect comes back to haunt us is the introduction of internationally agreed rules on sovereign bankruptcy. In resolving the European sovereign debt crises, one of the greatest obstacles has been the refusal by bondholders to bear any burden of adjustments, talking as if such a proposal goes against the basic rules of capitalism. However, the principle that the creditor, as well as the debtor, pays for the consequences of an unsuccessful loan is already in full operation at another level in all capitalist economies.

    When companies go bankrupt, creditors also have to take a hit – by providing debt standstill, writing off some debts, extending their maturities, or reducing the interest rates charged. The proposal to introduce the same principle to deal with sovereign bankruptcy has been around at least since the days of the 1997 Asian financial crisis. However, this issue was tossed aside because the rich country governments, under the influence of their financial lobbies, would not have it.

    There are other financial reforms whose absence has not yet come back to haunt us in a major way but will do so in the future. The most important of these is the regulation of complex financial products. Despite the widespread agreement that these are what have made the current crisis so large and intractable, we have done practically nothing to regulate them. The usual refrain is that these products are too complicated to regulate. But then why not simply ban products whose safety cannot be convincingly demonstrated, as we do with drugs?

    Nothing has been done to regulate tax havens, which not only depriven governments of tax revenues but also make financial regulations more difficult. Once again, we could have eliminated or significantly weakened tax havens by simply declaring that all transactions with companies registered in countries/territories that do not meet the minimum regulatory standards are illegal.

    And what have we done to change the perverse incentive structure in the financial industry, which has encouraged excessive risk-taking? Practically nothing, except for a feeble bonus tax in the UK.
    A correct fiscal policy by itself cannot tackle the structural problems that have brought about the current crisis. It can only create the space in which we make the real reforms, especially financial reform. Without such a reform we will not overcome this crisis satisfactorily nor avoid similar, and possibly even bigger, crises in the future.

Friday 23 September 2011

A President who is helpless in the face of Middle East reality

Robert Fisk in The Independent:

Obama's UN speech insists Israelis and Palestinians are equal parties to conflict
 
Friday, 23 September 2011

Today should be Mahmoud Abbas's finest hour. Even The New York Times has discovered that "a grey man of grey suits and sensible shoes, may be slowly emerging from his shadow".

But this is nonsense. The colourless leader of the Palestinian Authority, who wrote a 600-page book on his people's conflict with Israel without once mentioning the word "occupation", should have no trouble this evening in besting Barack Hussein Obama's pathetic, humiliating UN speech on Wednesday in which he handed US policy in the Middle East over to Israel's gimmick government.

For the American President who called for an end to the Israeli occupation of Arab lands, an end to the theft of Arab land in the West Bank – Israeli "settlements" is what he used to call it – and a Palestinian state by 2011, Obama's performance was pathetic.

As usual, Hanan Ashrawi, the only eloquent Palestinian voice in New York this week, got it right. "I couldn't believe what I heard," she told Haaretz, that finest of Israeli newspapers. "It sounded as though the Palestinians were the ones occupying Israel. There wasn't one word of empathy for the Palestinians. He spoke only of the Israelis' troubles..." Too true. And as usual, the sanest Israeli journalists, in their outspoken condemnation of Obama, proved that the princes of American journalists were cowards. "The limp, unimaginative speech that US President Barack Obama delivered at the United Nations... reflects how helpless the American President is in the face of Middle East realities," Yael Sternhell wrote.

And as the days go by, and we discover whether the Palestinians respond to Obama's grovelling performance with a third intifada or with a shrug of weary recognition that this is how things always were, the facts will continue to prove that the US administration remains a tool of Israel when it comes to Israel's refusal to give the Palestinians a state.

How come, let's ask, that the US ambassador to Israel, Dan Shapiro, flew from Tel Aviv to New York for the statehood debate on Israeli Prime Minister Netanyahu's own aircraft? How come Netanyahu was too busy chatting to the Colombian President to listen to Obama's speech? He only glanced through the Palestinian bit of the text when he was live-time, face to face with the American President. This wasn't "chutzpah". This was insult, pure and simple.

And Obama deserved it. After praising the Arab Spring/Summer/ Autumn, whatever – yet again running through the individual acts of courage of Arab Tunisians and Egyptians as if he had been behind the Arab Awakening all along, the man dared to give the Palestinians 10 minutes of his time, slapping them in the face for daring to demand statehood from the UN. Obama even – and this was the funniest part of his preposterous address to the UN – suggested that the Palestinians and Israelis were two equal "parties" to the conflict.

A Martian listening to this speech would think, as Ms Ashrawi suggested, that the Palestinians were occupying Israel rather than the other way round. No mention of Israeli occupation, no mention of refugees, or the right of return or of the theft of Arab Palestinian land by the Israeli government against all international law. But plenty of laments for the besieged people of Israel, rockets fired at their houses, suicide bombs – Palestinian sins, of course, but no reference to the carnage of Gaza, the massive death toll of Palestinians – and even the historical persecution of the Jewish people and the Holocaust.

That persecution is a fact of history. So is the evil of the Holocaust. But THE PALESTINIANS DID NOT COMMIT THESE ACTS. It was the Europeans – whose help in denying Palestinian statehood Obama is now seeking – who committed this crime of crimes. So we were then back to the "equal parties", as if the Israeli occupiers and the occupied Palestinians were on a level playing ground.

Madeleine Albright used to adopt this awful lie. "It's up to the parties themselves," she would say, washing her hands, Pilate-like, of the whole business the moment Israel threatened to call out its supporters in America. Heaven knows if Mahmoud Abbas can produce a 1940 speech at the UN today. But at least we all know who the appeaser is.

Monday 19 September 2011

We know that to understand politics and the peddling of influence we must follow the money. So it’s remarkable that the question of who funds the thinktanks has so seldom been asked.


 
Nadine Dorries won’t answer it. Lord Lawson won’t answer it. Michael Gove won’t answer it. But it’s a simple question, and if they don’t know it’s because they don’t want to. Where does the money come from? All are connected to groups whose purpose is to change the direction of public life. None will reveal who funds them.

When she attempted to restrict abortion counselling, Nadine Dorries MP was supported by a group called Right to Know. When other MPs asked her who funds it, she claimed she didn’t know(1,2). Lord Lawson is chairman of the Global Warming Policy Foundation, which casts doubt on climate science. It demands “openness and transparency” from scientists(3). Yet he refuses to say who pays, on the grounds that the donors “do not wish to be publicly engaged in controversy.”(4) Michael Gove was chairman of Policy Exchange, an influential conservative thinktank. When I asked who funded Policy Exchange when he ran it, his office told me “he doesn’t have that information and he won’t be able to help you.”(5)

We know that to understand politics and the peddling of influence we must follow the money. So it’s remarkable that the question of who funds the thinktanks has so seldom been asked.

There are dozens of groups in the UK which call themselves free market or conservative thinktanks, but they have a remarkably consistent agenda. They tend to oppose the laws which protect us from banks and corporations; to demand the privatisation of state assets; to argue that the rich should pay less tax; and to pour scorn on global warming. What the thinktanks call free market economics looks more like a programme for corporate power.

Some of them have a turnover of several million pounds a year, but in most cases that’s about all we know. In the US, groups claiming to be free market thinktanks have been exposed as sophisticated corporate lobbying outfits, acting in concert to promote the views of the people who fund them. In previous columns, I’ve shown how such groups, funded by the billionaire Koch brothers, built and directed the Tea Party movement(6,7).

The Kochs and the oil company Exxon have also funded a swarm of thinktanks which, by coincidence, all spontaneously decided that manmade climate change is a myth(8,9). A study in the journal Environmental Politics found that such groups, funded by economic elites and working through the media, have been “central to the reversal of US support for environmental protection, both domestically and internationally.”(10)

Jeff Judson, who has worked for 26 years as a corporate lobbyist in the US, has explained why thinktanks are more effective than other public relations agencies. They are, he says, “the source of many of the ideas and facts that appear in countless editorials, news articles, and syndicated columns.”(11) They have “considerable influence and close personal relationships with elected officials”. They “support and encourage one another, echo and amplify their messages, and can pull together … coalitions on the most important public policy issues.” Crucially, they are “virtually immune to retribution … the identity of donors to think tanks is protected from involuntary disclosure.”(12)

The harder you stare at them, the more they look like lobby groups working for big business without disclosing their interests. Yet throughout the media they are treated as independent sources of expertise. The BBC is particularly culpable. Even when the corporate funding of its contributors has been exposed by human rights or environmental groups, it still allows them to masquerade as unbiased commentators, without disclosing their interests.

For the sake of democracy, we should know who funds the organisations which call themselves thinktanks. To this end I contacted 15 groups. Eleven of them could be described as free market or conservative; four as progressive. I asked them all a simple question: “Could you give me the names of your major donors and the amount they contributed in the last financial year?”. I gave their answers a score out of five for transparency and accountability.

Three of the groups I contacted – Right to Know, the International Policy Network and Nurses for Reform – did not answer my calls or emails. Six others refused to give me any useful information. They are the Institute of Economic Affairs, Policy Exchange, the Adam Smith Institute, the TaxPayers’ Alliance, the Global Warming Policy Foundation and the Christian Medical Fellowship. They produced similar excuses, mostly concerning the need to protect the privacy of their donors. My view is that if you pay for influence, you should be accountable for it. Nul points.

Civitas did fractionally better, scoring 1. Its website names a small number of the donors to its schools(13), but it would not reveal the amount they had given or the identity of anyone else. The only rightwing thinktank that did well was Reform, which sent me a list of its biggest corporate donors: Lloyds (£50k), Novo Nordisk (£48k), Sky (£42k), General Electric (£41k) and Danone (£40k). Reform lists its other corporate sponsors in its annual review(14), and earns 4 points. If they can do it, why can’t the others?

The progressives were more accountable. Among them, Demos did least well. It sent me a list of its sponsors, but refused to reveal how much they gave. It scores 2.5. The Institute for Public Policy Research listed its donors and, after some stumbling, was able to identify the biggest of them: the European Union (a grant of E800,000) and the Esmee Fairburn Foundation(£86k). It scores 3.5. The New Economics Foundation sent me a list of all its donors and the amount each gave over the past year, earning 4 points. The biggest funders are the Network for Social Change (£173k), the department of health (£124k) and the Aim Foundation (£100k). Compass had already published a full list in its annual report(15). The biggest source by far is the Communication Workers’ Union, which gave it £78k in 2009. Compass gets 5 out of 5.

The picture we see, with the striking exception of Reform, is of secrecy among the rightwing groups, creating a powerful impression that they have something to hide. Shockingly, this absence of accountability – and the influence-peddling it doubtless obscures – does not affect their charitable status.

The funding of these groups should not be a matter of voluntary disclosure. As someone remarked in February 2010, “secret corporate lobbying, like the expenses scandal, goes to the heart of why people are so fed up with politics … it’s time we shone the light of transparency on lobbying in our country and forced our politics to come clean about who is buying power and influence.”(16) Who was this leftwing firebrand? One David Cameron.

I charge that the groups which call themselves free market thinktanks are nothing of the kind. They are public relations agencies, secretly lobbying for the corporations and multi-millionaires who finance them. If they wish to refute this claim, they should disclose their funding. Until then, whenever you hear the term free market thinktank, think of a tank, crushing democracy, driven by big business.

www.monbiot.com

Saturday 17 September 2011

The biblical foundation for a celibate priesthood is flimsy, and now cracks are beginning to show in the Catholic church's ban on marriage for those in holy orders

The troubled history of priests, sex and the church may be at a turning point



  • In a new autobiography published this week, Father Edward Daly, former bishop of Derry and the handkerchief-waving priest of the famous Bloody Sunday photograph, has called for an end to the celibacy rule for Catholic priests. Pointing to the severe decline in numbers of serving clergy (while the worldwide Catholic population has almost doubled since 1970, the number of priests has remained virtually static), Daly believes crisis could be averted by allowing priests to marry. Many see clerical celibacy as fundamental to the church, but in fact it is a religious tradition rather than a strict scriptural prohibition, and it has been far from universally observed throughout its history.

    The biblical foundation for a celibate priesthood is flimsy. While Saint Paul recommended celibacy, he thought anyone who cannot "contain themselves" should marry, "for it is better to marry than to be burnt" (1 Corinthians 7:9). Further, the Gospels spoke of apostles who were married, with no hindrance to their ministry. But the model of Christ's own celibacy (emulated by the priest acting "in persona Christi") marked it out as a higher calling, and ultimately an unmarried priest would be more committed to his religious duties, his celibacy giving him the "power to attend upon the Lord, without impediment" (1 Corinthians 7:35).

    The first official attempt to impose celibacy on those in holy orders was made at the Council of Elvira (c 306), and efforts to enforce it followed throughout the middle ages. But how it played out in practice varied enormously, and stories of married clergy and fornicating popes abounded. Pope John XII was accused by a 10th-century synod of having "fornicated with the widow of Rainier, with Stephana his father's concubine, with the widow Anna, and with his own niece, and he made the sacred palace into a whorehouse".

    Unperturbed by such examples, the First and Second Lateran Councils in the 12th century decreed that clerical marriages were invalid, but Thomas Aquinas asserted a century later that this was not the decree of God, but merely church law, reversible by papal or conciliar authority. Indeed, in the middle ages the prohibition of marriage had less to do with spiritual concerns than the conservation of church property. Married priests meant legitimate heirs and the loss of church assets through inheritances – something that couldn't be countenanced.

    The 16th-century Council of Trent confirmed the celibacy rule (just as the Church of England was abolishing it), but it was only in the 20th century that priestly celibacy, along with all matters of sexual morality, became an obsession for the church hierarchy. Following the reforms of the Second Vatican Council, Pope Paul VI issued the encyclical Sacerdotalis Caelibatus, reaffirming the fundamental value of celibacy as allowing "a closer and more complete relationship with the mystery of Christ and the Church for the good of all mankind".

    Yet the encyclical also permitted the possibility of married clergy from other Christian traditions being ordained as Catholic priests, and cracks began to show in the edifice. Although Pope Benedict rejected the idea of married priests in 2006, he has since taken up Paul VI's baton by allowing defecting married Anglican ministers to enter the church.

    The absolute prohibition on married Catholic priests has gone, and with suggestions (of debatable credibility) of a link between the church's child abuse crisis and celibacy, last year's plaintive call for the abolition of the rule from Italian women romantically involved with priests, and the proliferation of groups advocating a married priesthood, a new chapter in the troubled history of priests, sex and the church may be opening.

Why the Pope must face justice at The Hague

We survivors of clergy sex abuse have brought our evidence to the ICC so that the Vatican might finally account for its cover-up
  • Members of SNAP, including Barbara Blaine, protest at the ICC in The Hague about clergy sex abuse
    Members of Survivors Network of those Abused by Priests (Snap), including Barbara Blaine (third from right), at the International Criminal Court (ICC) in The Hague, 13 September 2011. Photograph: Rob Keeris/AP

    When it comes to holding the Catholic Church accountable for sexual abuse of children by members of the clergy, all roads lead to Rome. That is what my organisation, Survivors Network of those Abused by Priests (Snap), concluded after years of seeking justice in other venues and being turned away.

    On 13 September, we travelled to the Hague to file an 84-page complaint and over 20,000 pages of supporting materials with the International Criminal Court, documenting our charge that the Pope and Vatican officials have tolerated and enabled the systematic and widespread concealing of rape and child sex crimes throughout the world.

    Holding childhood photographs that tell a wrenching story of innocence and faith betrayed, and joined by our attorneys from the New York-based Center for Constitutional Rights, we stood up and demanded the justice that has so long been denied. The New York Times called the filing "the most substantive effort yet to hold the pope and the Vatican accountable in an international court for sexual abuse by priests".

    No doubt, many people of faith are shocked that we would accuse a world church leader of crimes against humanity – a man considered by many to be infallible. But the man who is infallible must also be accountable.

    By the Vatican's own account, "only" about 1.5-5% of Catholic clergy have been involved in sexual violence against children. With a reported 410,593 priests worldwide as of 2009, that means the number of offending priests would range from 6,158 to 20,529. Considering that many offenders have multiple victims, the number of children at risk is likely in the tens, or even hundreds, of thousands.

    We believe the thousands of pages of evidence we filed this week will substantiate our allegations that an operation has been put in place not only to hide the widespread sexual violence by priests in all parts of the world, but also to obstruct investigation, remove suspects out of criminal jurisdictions and do everything possible to silence victims, discredit whistleblowers, intimidate witnesses, stonewall prosecutors and keep a tighter lid than ever on clergy sex crimes and cover-ups. The result of this systematic effort is that, despite a flood of well-publicised cases, many thousands of children remain vulnerable to abuse.

    While many pedophile priests have been suspended in recent years, few have been criminally charged and even fewer defrocked. Worse, no one who ignored, concealed or enabled these predators has suffered any consequences. At the head of this hierarchy of denial and secrecy is the Pope, who has served as an enabler of these men. We believe the Vatican must face investigation to determine whether these incidences have been knowingly concealed and clergymen deliberately protected when their crimes have come to light.

    I know this story well, because I was sexually abused by a parish priest, from my time in junior high school until graduation. Because of the shame and trauma, several years passed before I was able to tell anyone. By that time, it was too late to file criminal charges. Church officials refused to restrict that priest's access to children or take action against him for several more years, despite other victims coming forward.

    Indeed, powerful factors prevent all but the most assertive, healthy and lucky victims from seeking justice. Many others succumb to drugs, anorexia, depression or suicide when the pain of innocence betrayed becomes too much to bear. A recent investigation in Australia revealed a case in which 26 among the numerous victims of a particular priest had committed suicide.

    For the safety of children and the prevention of yet more heinous wrongdoing, the International Criminal Court may be the only real hope. What other institution could possibly bring prosecutorial scrutiny to bear on the largest private institution on the planet?

    Our journey for justice has been a long one, and it's not over yet. But we know where it must end: with justice at The Hague.