This is a real populist movement–against our financial and political plutocracy Aricans who flew bombing missions in World War II had a saying: "You know you’re on target when you start getting a lot of flak." The protesters in today’s nascent "Occupy Wall Street" movement must really be on target, then, because–boy!–they’re enduring an unrelenting [...]
Microfinance Works – For the Rich
November 18, 2011 By
Global Geopolitics & Political Economy / IPS By Raquel Martinez VALLADOLID, Spain, Nov 18, 2011 (IPS) – Jesús Guerra, a volunteer at this week’s Fifth Global Microcredit Summit in this Spanish town, was nonplussed by the expensive gold watch sported by a banker from a developing country. "When I volunteered to help at the Summit [...]
CHINA: Only Business Occupies Shanghai
November 16, 2011 By
Global Geopolitics & Political Economy / IPS By Antoaneta Becker SHANGHAI, Nov 16, 2011 (IPS) – As China’s financial centre and a pinnacle of domestic wealth, Shanghai could have been in the forefront of a home-grown movement against income disparity of the like sweeping New York’s Wall Street and London’s City. Instead it remains a [...]
The Poor Need Insurance Too
November 16, 2011 By
Global Geopolitics & Political Economy / IPS By Inés Benítez VALLADOLID, Spain, Nov 15, 2011 (IPS) – Poor families are well aware of the devastating effects of unforeseen expenses on their lives. Microinsurance, a recent microfinance tool, has the potential to limit their vulnerability and combat poverty, experts say. The death of a family member, [...]
Lehman Three Years Later: What We Haven’t Learned
September 12, 2011 By
Global Geopolitics & Political Economy The Guardian Unlimited, September 12, 2011 See the article in its original form. Dean Baker As we prepare to celebrate the third anniversary of the Lehman bankruptcy and the ensuing financial crisis, it’s a good time to assess the situation and ask what has changed. The answer is not encouraging. [...]
U.S. Audit Faults Fed For $16 Trillion Secret Loans
August 15, 2011 By
Global Geopolitics & Political Economy / IDN By Jutta Wolf IDN-InDepth NewsReport BERLIN (IDN) – While the world held its breath in the long drawn political tug-of-war between the White House and Republican Party leaders until beginning of August 2011, Senator Bernie Sanders posted on his website startling findings of a top-to-bottom audit of the [...]
Debt Ceiling Charade a Move to the Right
July 9, 2011 By
The Real News Network July 9, 2011 Michael Hudson: Panic about debt ceiling used to attack social programs; no real need for more borrowing More at The Real News Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at [...]
Real Estate Saves Capitalism Then Bursts – China Next?
July 5, 2011 By
The Real News Network July 5, 2011 David Harvey: Chinese urbanization, construction and real estate speculation is saving global capitalism – will it burst as in the US? More at The Real News
Lagarde Takes Helm of IMF Amidst Multiple Crises
June 28, 2011 By
Global Geopolitics & Political Economy / IPS By Pam Johnson WASHINGTON, Jun 28, 2011 (IPS) – Two days ahead of a formal vote scheduled for Jun. 30, former French finance minister Christine Lagarde became the first woman to be appointed managing director of the International Monetary Fund (IMF), headquartered in Washington, Tuesday. Replacing former IMF [...]
