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Economics

Egypt’s Economy Falters as Clashes Continue

By Shahira Amin* A protester was shot dead and several others were injured when a rally outside Al Ittihadeya Presidential Palace in Cairo turned violent on Friday. A mob of young men, some of them masked, hurled rocks and Molotov…

Six Trillion Dollars Stolen from Poor Nations

By Jaya Ramachandran Crime, corruption, and tax evasion recorded near-historic highs in 2010, with illicit financial outflows costing the developing world $859 billion in 2010, just below the all-time high of $871.3 billion in 2008, the year preceding the global…

The values of a new humanist economy

Humanists look at the world economy in despair.  A huge proportion of the world’s population lives in absolute poverty; living in order to survive, hoping that today they don’t get sick. On the other hand there are a tiny, tiny…

Why don’t you shut up?

A few weeks ago the ABC newspaper in Spain headlined the imminent death of Hugo Chavez Frias.  And today, 24th of January, after the El Pais newspaper published a picture of him intubated on its front page it had to…

Think, Eat, Save: UNEP, FAO and Partners Launch Global Campaign to Change Culture of Food Waste

Consumers, Food Industry and Government All Have Role to Play in Reducing 1.3 Billion Tonnes of Food Wasted or Lost Each Year Geneva, 22 January 2013 – Simple actions by consumers and food retailers can dramatically cut the 1.3 billion…

Annual Income of Richest 100 People Enough to End Global Poverty Four Times Over

By Oxfam International – An explosion in extreme wealth and income is exacerbating inequality and hindering the world’s ability to tackle poverty, Oxfam warned in a briefing* published on 19 January 2013 ahead of the World Economic Forum in Davos. The $240…

Environmental Storm and Economic Storm on Collision Course

IRIN* The World Economic Forum has released its eighth annual Global Risks Report, which lists top global threats identified by a survey of over 1,000 experts. As in last year’s report, 2013’s risks were topped by economic and financial concerns,…

When buying cheap turns out expensive

Three, two, one, zero… The sales are now on.  Offers, discounts, % off… fill the shop windows of the high streets and the shopping centres.  It is the time to buy and to buy cheaply.  But… Is what we’re buying…

Nowhere left to run for factory owners in Asia

When the cost of labour started to rise in China a few years ago, many manufacturers thought it would be a smart move to decamp to smaller Southeast Asian countries such as Cambodia where wages were a lot lower and…

Bolivia: Evo’s government gathers 24% more tax than last year

The Bolivian Tax Office (SIN in its Spanish acronym) has closed the 2012 period with a total tax collection of 37,459.5 million bolivianos (5,421.34 million US dollars), a total which represents an increase of 24% with respect to what was…

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