Economics

We are saved —so our politicians tell us —from a plunge off the fiscal cliff. In all reports, however, it is mentioned that President Obama settled for a slice of what he claimed to be after, which was to raise…

Germany and Switzerland: two solid financial rocks in the EU crisis or just fantastic at “social maquillage”? (with thanks to Mr. Kundera). These days the EU is going through serious growing pains. The economic disciplining is in full motion and…

– UK Uncut successfully targets Starbucks over tax avoidance and impact of government cuts on women – Over 40 protests across the UK take place at Starbucks shops today, in UK Uncut’s biggest day of action – Protesters stage sit-ins…

By R. Nastranis Church leaders from around the world have expressed solidarity with the much pooh-poohed and crisis-ridden Greece in a two-day visit to the country during which they met Archbishop Ieronymos II of Athens and All Greece as well…

An offshoot of Occupy Wall Street has launched a new movement called “Rolling Jubilee” to buy distressed debt from financial firms, often for pennies on the dollar, and then canceling it so that borrowers do not have to repay. The…

Press release EUROPE IN CRISIS: HUMANIST INTERNATIONAL SUPPORTS 14N STRIKE The current crisis that we are living through in Europe is the crisis of a System which is driven by those institutions that are the holders of transnational finance capital.…

President Obama will open deficit reduction talks on Friday with a call for a $1.6 trillion tax hike on corporations and the wealthiest Americans over the next 10 years. Obama and House Speaker John Boehner are sitting down to avert…

By Apostolis Fotiadis Ignoring the thousands of protestors gathered outside the Greek parliament on Wednesday, the government voted in public spending cuts amounting to 17 billion dollars in an economy already on its knees from a lacerated budget. The government…

The balance of economic power is expected to shift dramatically over the next half century, with fast-growing emerging-market economies accounting for an ever-increasing share of global output, according to a new OECD report. Divergent long-term growth patterns lead to radical…

A landmark study of Kenya’s high-elevation forests shows that the economic cost of deforestation in the East African country exceeds national gains from forestry and logging by more than four-to-one, the United Nations Environment Programme (UNEP) reported. “Deforestation deprived Kenya’s…