GLOBAL ECONOMY: ‘Logistics an Essential Ingredient of Development’
Global Geopolitics Net Sites / IDN
BY RAMESH JAURA
IDN-InDepth NewsAnalysis
BERLIN (IDN) – Global development cooperation backed by financial grants or extremely low-interest and long-term loans, has for long been considered vital to overcoming the woes of middle-income and poor countries. But this can only be a drop in the ocean.
Of critical [...]
ECONOMY: Government Failures Feeding Next Financial Bubble
Global Geopolitics Net Sites / IPS
Analysis by Julio Godoy
BERLIN, Nov 24 (IPS) – Numerous failures by industrialised countries’ governments and central banks in managing the financial crisis are feeding the next bubble, which most likely will again provoke economic woes such as recession, unemployment, and poverty, according to economists and analysts.
The failures [...]
Giant holes in new banking rules
The Real News Network
November 20, 2009
Ferguson: Admin. asked for too little in the banking bill, nothing is preventing another banking crisis
More at The Real News
The Anatomy of Casino Capitalism – Part 8
The Real News Network
November 11-18, 2009
Jane D’Arista analyzes multiple aspects and dimensions of today’s financialized casino capitalism, what it means to the public, and what some of the available policy options are.
More at The Real News
FINANCE: Icelanders Question IMF Loan
Global Geopolitics Net Sites / IPS
By Lowana Veal
REYKJAVIK, Nov 18 (IPS) – After eight months of waiting, Iceland is finally back on the agenda of the IMF. The second instalment of the IMF loan was agreed at the end of last month and has now been transferred to Iceland.
But was the loan [...]
The Anatomy of Casino Capitalism – Part 6
The Real News Network
November 11-18, 2009
Jane D’Arista analyzes multiple aspects and dimensions of today’s financialized casino capitalism, what it means to the public, and what some of the available policy options are.
In this segment she analyzes the Federal Reserve system.
CHINA: Simmering Issues Boiling Up in Run-up to Obama Visit
Global Geopolitics Net Sites / IPS
By Antoaneta Bezlova
BEIJING, Nov 14 (IPS) – His victory speech is a smash hit on Internet sites; his image vies for popularity with those of communist China’s founding father Mao Zedong, and his book is a runway bestseller in this country’s big cities. But as China prepares to [...]
Anatomy of casino capitalism Pt.5
The Real News Network
November 11-18, 2009
Jane D’Arista analyzes multiple aspects and dimensions of today’s financialized casino capitalism, what it means to the public, and what some of the available policy options are.
In this segment she begins her explanation of the Federal Reserve system.
SRI LANKA: IMF’s 2.6-B Dollar Loan Deal in Peril if Opposition Wins
Global Geopolitics Net Sites / IPS
Feizal Samath
COLOMBO, Nov 10 (IPS) – With parliamentary and presidential elections just a few months away, conditions set by the International Monetary Fund (IMF) in an ongoing 2.6-billion U.S. dollar loan facility could be swept aside if Sri Lanka’s opposition captured power.
”We will not allow the IMF [...]
AFRICA: ‘Pick Up Your Money With Your Groceries’
Global Geopolitics Net Sites / IPS
By Paul Virgo
ROME, Nov 6 (IPS) – Of the many proposals on how to combat poverty in Africa, the United Nations’ International Fund for Agricultural Development (IFAD) is championing what must be one of the simplest – make it cheaper and easier for migrants to send money home. [...]
Low Road to High Finance: McClatchy Expose Reveals How Goldman Sachs Sold Off Billions in Mortgage Securities After Anticipating Housing Collapse
Democracy Now!
November 4, 2009
A five-month investigation by McClatchy Newspapers has revealed that Goldman Sachs made secret bets against the housing market while simultaneously selling off billions in soon-to-be worthless securities. In 2006 and 2007, the bank reportedly peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told [...]
U.S.: Secret Bailouts for Giant Failing Banks of the Future?
Global Geopolitics Net Sites / IPS
Adrianne Appel
BOSTON, Oct 30 (IPS) – Big banks will not be forced to downsize and the public will be the last to know when they fail, a controversial bill unveiled by U.S. Treasury Secretary Timothy Geithner and Congressman Barney Frank proposes.
The long-awaited ”too big to fail” legislation [...]
SRI LANKA: Newly Reopened IMF Office Launches Budget Probe
Global Geopolitics Net Sites / IPS
Feizal Samath
COLOMBO, Oct 16 (IPS) – The International Monetary Fund’s new resident representative in Sri Lankan is likely to receive his baptism of fire once he settles into his new post this week.
Newly minted IMF country representative Koshy Mathaiùwho arrived in this capital from Washington last weekendùwill [...]
FINANCE: IMF Rebuts Critical Report on Lending
Global Geopolitics Net Sites / IPS
Eli Clifton
WASHINGTON, Oct 15 (IPS) – The International Monetary Fund is on the defensive over a recent study which charged that a majority of countries with IMF agreements have been subjected to pro-cyclical fiscal or monetary policies during the global economic downturn, exacerbating the effects of the recession [...]
Chile squirrels away copper fortunes and spends prudently
worldfocusonline October 13, 2009 Correspondent Edie Magnus reports on how the Chilean government has prudently managed its windfall copper profits. Chile is now financing public works projects, creating jobs and doling out cash st…
FINANCE: Not Reforms, But Reformed
Global Geopolitics Net Sites / IPS
Analysis by Sanjay Suri
LONDON, Oct 7 (IPS) – The annual meetings of the International Monetary Fund and the World Bank have run into a predictable roadblock in setting out brave new directions: a roadblock called memory. What could have been an immensely sensible idea of turning the IMF into a [...]
