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Global Finance

Money Laundering Scourge of the World

Diane M. Francis | Posted 09.30.2016 | World
Diane M. Francis

A recent report by Washington think tank Global Financial Integrity reveals the fatal flaw in the world's globalized financial architecture: It has not been accompanied by a globalized governance and regulation system.

Getting Finance to Improve Women's and Children's Health Worldwide

Flavia Bustreo | Posted 07.17.2016 | Impact
Flavia Bustreo

On a very wet and rainy day in Ethiopia last week, I spent an inspirational morning crowded into the Salem Health Centre. Despite the miserable weather, the Centre was overflowing with women who had, in some cases, travelled long distances to have their babies vaccinated.

Protection Cannot Happen After the Event

Martyn Parker | Posted 06.05.2016 | Impact
Martyn Parker

The Nepal earthquake is yet another example of how the global financial system did not reach the places where it is needed and is failing to provide a financial safety net for people affected by natural catastrophes.

New China-Africa Development Fund Could Add Accountability, Transparency to Chinese Investments in Africa

Efraim Chalamish | Posted 08.02.2014 | Business
Efraim Chalamish

This surprising 10-year multilateral pact was described by Zhou Xiaochuan, the governor of China's central bank, as a supplement to his country's traditional lending to Africa, which has consisted mainly of bilateral grants and loans and infrastructure projects financed by Chinese state-owned banks.

CHART: America Is No Longer The World's Most Connected Economy

James Manyika | Posted 07.28.2014 | World
James Manyika

America is no longer the world's most connected economy--those laurels go to Germany. Germany ranks first, and the U.S. third, with two smaller economies--Hong Kong and Singapore--coming in second and fourth. The index shows that the trade intensity of the U.S.--the value of flows relative to the size of its economy--is only one-third the intensity of Germany and half that of China.

'Trade' Deals on the Ropes

Robert Kuttner | Posted 04.25.2014 | Politics
Robert Kuttner

The agenda of global finance, carried out via "trade" deals, has diverted attention from the real economic issues -- rising inequality and insecurity for ordinary people, the use of globalization as a battering ram to empower capital and weaken labor, and to prevent government interventions from averting financial speculation and collapse. Amid these real crises of neo-liberalism, enhanced trade has been portrayed as a deux ex machina, which will solve our problems if only we get rid of what's left of the mixed economy. It won't. The proposed deals would only make matters worse. The coming collapse of the quarter-century laissez-faire crusade that began with the 1986 Uruguay round, with its license for global financial speculation, is to be welcomed. If we can kill this diversion once and for all, maybe we can start paying more attention to the real economic issues.

Spain On The Brink

Reuters | Posted 08.05.2012 | Business

* Treasury minister says risk premium shows Spain shut out * Says Spanish banks should get European capital boost * Germ...

Converting to JPMorgan Chase

Rachel Havrelock | Posted 07.01.2012 | Religion
Rachel Havrelock

In early March, I received a letter from my bank informing me of an impending "Conversion Date" on May 4. As a Religious Studies professor, I read on eagerly wondering what aspects of my body or soul might change.

The Globalization of Finance: The Tide Turns

Jay Pelosky | Posted 02.06.2012 | Business
Jay Pelosky

The battle for the future of the global financial system has commenced. The two opposing forces: global liquidity and debt deleveraging, are on the battlefield.

Peter S. Goodman

Credit Rating Agencies, Not Honest Brokers, Now Hold World's Fate | Peter S. Goodman | Posted 09.21.2011 | Business

If global finance were anything like the rest of life, no one would be paying much mind to the credit rating agencies, who have been revealed to opera...

Happy Thanksgiving, Mr. President-Elect!

William Bradley | Posted 05.25.2011 | Politics
William Bradley

For Obama, the Mumbai attacks mean that we are on the verge of another major geopolitical crisis, with enormous implications for our already deeply troubled programs in Pakistan and Afghanistan.