By LIZ ALDERMAN and JACK EWING PARIS ? Its membership in the euro currency union hanging in the balance, Greece continues to receive billions of euros in emergency assistance from a so-called troika of lenders overseeing its bailout.
By Busani Bafana IPS interviews SAMEER DOSSANI, ActionAid International advocacy coordinator BULAWAYO, May 31, 2012 (IPS) – It is vitally important that governments and civil society organisations start transitioning to a more sustainable global food system in order to achieve… Continue Reading
By Giuliano Battiston FLORENCE, May 2012 (IPS) – Though the current global economic and financial crises are undoubtedly devastating much of the world, they present the perfect opportunity for remodeling our economic system, according to participants at the ninth annual… Continue Reading
by GABRIEL KOLKO* – Counterpunch Both Europe and the United States confront great crises; while they are different in certain regards they have important similarities too. America?s crisis is both military and economic; they are interrelated because America has a… Continue Reading
Nick Dearden – guardian.co.uk In Niger, the IMF’s loans have done more harm than good as ordinary people have had to pay the price for reckless lending Christine Lagarde’s crass comments on Greece have caused an understandable furore in that… Continue Reading
By ROSS DOUTHAT – The New York Times THERE were two grand illusions about the American economy in the first decade of the 21st century. One was the idea that housing prices were no longer tethered to normal economic trends,… Continue Reading
Corriere TV See and listen to Victoria Grant, the anti-banks little girl : http://video.corriere.it/victoria-grant-ecco-bimba-anti-banche/1501e56a-a81d-11e1-988e-2cac10a9ea60
By Manipadma Jena IPS interviews ACHIM STEINER, executive director of the United Nations Environment Programme (UNEP) YEOSU, South Korea, May 26, 2012 (IPS) – As thousands gear up for the 2012 Earth Summit, Rio+20, scheduled to kick off in Brazil… Continue Reading
By THOMAS B. EDSALL – The New York Times Political Dividends Four years after the 2008 collapse, the finance industry has regained its dominant position in American politics. Perhaps the development of deepest significance is an absence: the failure of… Continue Reading
By Ernest Corea* IDN-InDepth NewsAnalysis WASHINGTON (IDN) ? Support for nuclear disarmament and non-proliferation suffered a set-back when Republican Senator Richard Lugar was defeated at a pre-election primary (May 8) in the state of Indiana. He was eliminated by a… Continue Reading
ROBERT B. REICH* Imagine a country in which the very richest people get all the economic gains. They eventually accumulate so much of the nation?s total income and wealth that the middle class no longer has the purchasing power to… Continue Reading
Jan Kavan* Europe in the 21st Century: Challenges and Opportunities – New Policy forum, Luxembourg May 18-19, 2012 Panel 1: Threats to the prevailing political and socio-economic consensus Following the collapse of Communism after 1989 the majority of citizens in… Continue Reading
By AMARTYA SEN* – The New York Times Cambridge, Mass. IF proof were needed of the maxim that the road to hell is paved with good intentions, the economic crisis in Europe provides it. The worthy but narrow intentions of… Continue Reading
Matt Stoller* – naked capitalism In a hearing last week titled ?Examining the Settlement Practices of U.S. Financial Regulators?, various regulators tried to justify their practice of settling with financial firms and not requiring them to admit wrongdoing. In that… Continue Reading
Other News In order to verify the decline of both politics and the current ruling class, it is useful to read the speech of former German Chancellor Helmut Schmidt, aged 94, at the congress of German Social Democracy (SPD) on… Continue Reading
Human Wrongs Watch By Alejandro L?pez (WSWS*) 21 May ? The latest available statistics on bank deposits show that ?50 billion euros have left Spain since January last year. This was announced as the German news agency DPA reported that… Continue Reading
By Stephen Leahy * UXBRIDGE, Canada, May 22, 2012 (Tierram?rica) – Mexico and Central America look like they are covered in dried blood on maps projecting future soil moisture conditions.
By Pepe Escobar* – Asia Times A specter haunts Europe. No, it’s not communism; it’s US rating agencies. Greece is bankrupt; the eurozone is about to crack; JP Morgan makes billion-dollar “mistakes”; there’s no (jobs) future for the new generations.… Continue Reading
Human Wrongs Watch A group of United Nations (UN) independent experts today called on the European Union (EU) to take the lead in promoting the adoption of a global financial transaction tax that would offset the costs of the current… Continue Reading
By Adam Morrow and Khaled Moussa al-Omrani CAIRO, May 18, 2012 (IPS) – More than 15 months after Egypt’s Tahrir Square uprising and four months after free parliamentary polls, many Egyptians say that daily living conditions are worse now than… Continue Reading
