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Economics

Imagine a Hedge Fund Manager as U.S. President

In the late summer of 1998, in the wake of the Asian financial crisis, a group of German and French professors of economics organised at the University of Bremen in Germany a seminar to discuss ways to re-regulate the international…

Without Power and Aid, Low-Income Residents of NYC’s Lower East Side Struggle in Storm’s Aftermath

We speak with residents of the low-income and largely minority community of Manhattan’s Lower East Side who live in the shadow of a Consolidated Edison substation that flooded during Superstorm Sandy and has left thousands in the dark. With no…

The London New Putney Debates launch a new stage in the Occupy process

With presentations about the most pressing problems in the areas of Economy and (lack of) Real Democracy the New Putney Debates pick up the thread of revolutionary thinking that commenced in 1647, 365 years ago. The two weeks of sessions…

Unoccupy Wal-Mart says Occupy Tampa

At Wednesdays’ General Assembly members of Occupy Tampa, concerned citizens and Local Wal-Mart Associates met with Representatives from OUR Wal-Mart. We heard heartbreaking stories of people from all across the nation and even the world about the daily struggles that…

US Vultures flying over Argentinean naval ship stranded at Ghanaian port

The sailing Frigate Libertad is being held at a Ghanaian port by a US-based investment (vulture) fund in dispute over Argentinean debts. The Ghanaian high court has ruled on the case to determine whether the Libertad is allowed to sail…

Iceland’s Rock Bottom Approach to Debt Crisis: Let the Banks Fail

Let the banks fail 2008 was a year of financial disaster and near government collapse. The crisis has been deemed by economists as the worst financial crisis since the Great Depression of 1930s. But in the worldwide turmoil, the country…

Asian Countries Easing Access To Cheap Drugs

By Martin Khor* Recent government actions by Indonesia and India to issue compulsory licenses are extending the trend in Asia to increase access to cheaper medicines to treat serious ailments, especially HIV/AIDS, cancer and hepatitis B. The supply of generic…

Don’t owe, won’t pay, it depends on us!

The manifest: In recent months, the impact on our lives of the so-called crisis has intensified and politicians show no will or capacity to act upon it. So, we are building our own politics, we are taking the initiative, revealing…

India: Anti-Corruption Movement Withering Away

By Shastri Ramachandaran* As skeletons keep tumbling out of the cupboard of a government besieged by corruption charges, an agitated people may well despair that battling corruption in India’s officialdom is a Sisyphean task. Far from gaining in momentum, the…

Eurozone: Record Unemployment Rate Hurts Consumer’s Confidence

Record unemployment rates and budget cuts implemented by governments have caused a fall in consumer confidence within the Eurozone, the European Commission (EC) reported on Thursday. The indicator dropped to a negative 25.9 points from a negative 24.6 in August,…

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