Economics

08.12.2012

Over 40 UK Uncut actions across UK successfully target Starbucks over tax avoidance and impact of government cuts on women

Over 40 UK Uncut actions across UK successfully target Starbucks over tax avoidance and impact of government cuts on women

– 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 and transform Starbucks into refuges, crèches and homeless… »

21.11.2012

Churches Express Solidarity with Greece

Churches Express Solidarity with Greece

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 as the Deputy Foreign Minister Constantinos Tsiaras. They were told… »

16.11.2012

Rolling Jubilee: Buying Up Distressed Debt, Occupy Offshoot Bails Out the People, Not the Banks

Rolling Jubilee: Buying Up Distressed Debt, Occupy Offshoot Bails Out the People, Not the Banks

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 people who incurred the debt in the first place then… »

15.11.2012

Humanist International supports 14N strike

Humanist International supports 14N strike

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. That transfer of power to big capital has been dismembering… »

15.11.2012

Glenn Greenwald: Starting with Fiscal Cliff, Obama’s 2nd Term Rests on Organizing, Not Cheerleading

Glenn Greenwald: Starting with Fiscal Cliff, Obama’s 2nd Term Rests on Organizing, Not Cheerleading

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 the so-called “fiscal cliff” of expiring tax cuts and automatic… »

11.11.2012

Creditors’ Stalemate Brings Greece to Knife Edge

Creditors’ Stalemate Brings Greece to Knife Edge

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 was promised 40 billion dollars… »

10.11.2012

China Expected to Replace U.S. as World’s Largest Economy by 2016

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. [/media-credit] Source: OECD calculationsDivergent long-term growth patterns lead to radical shifts in the relative… »

08.11.2012

Kenya – No Trees in The Forest

Kenya – No Trees in The Forest

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 economy of 5.8 billion shillings ($68 million) in 2010… »

03.11.2012

Imagine a Hedge Fund Manager as U.S. President

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 financial markets. The theme could not have been timelier: The… »

02.11.2012

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

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 sign of help from the city or the Federal Emergency… »

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