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Economics

Bolivia nationalizes Spanish company

Bolivian President Evo Morales has nationalized a Spanish company that operates the country’s three main airports. Morales said on Monday he had instructed the country’s ministry of public works, services and housing to take “full operational control” of SABSA, a…

Bolivia reducing the gap between rich and poor by 60 since 2006

The Bolivian Minister of Economics and Public Finances, Luis Arce reported yesterday that since 2006 the gap between the incomes of the richest and poorest in the country has reduced significantly. Arce reported that during the previous neoliberal governments the…

Cooperatives: Egypt’s Farmers Sow the Seeds of an “Agricultural Revolution”

“Agriculture will be critical to future economic growth in Egypt,” says the International Labour Organization (ILO), “but only if the laws on farmers’ cooperatives are reformed.” While the political reverberations of the 2011 revolution continue to resound throughout Egypt, many…

UK workers earn lowest in a decade

The real value of British workers’ wages has fallen back to 2003 levels in 2012, raising fresh concerns at the time of the country’s ailing economy, a new report suggests. According to figures released by the Office for National Statistics…

Some Multinationals Pay as Little as 5% in Corporate Taxes; Smaller Businesses Up to 30%

Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills, according to a new report. An OECD (Organisation for Economic Co-operation and Development) study commissioned by the…

Elderly Spanish couple commits suicide over debts

A retired Spanish couple has committed suicide after receiving an order to evict their home on the Mediterranean island of Mallorca due to unpaid debts. Authorities said the 68-year-old man and the 67-year-old woman, who took an overdose of prescription…

Argentina and the region with less unemployment than the USA and Europe

Argentina and the other countries that make up the Union of South American Nations (UNASUR in its Spanish initials) closed the year 2012 with unemployment rates lower than developed nations with an average for the region of 6.1 per cent…

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…

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