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World Economy

A Clear Agenda for Reform in 2010

Gordon Brown | Posted 05.25.2011 | World
Gordon Brown

As the balance of economic power changes over the next two decades, new and stronger power-brokers may be less willing to embrace change. We must avoid this race to the bottom. Here is how.

World Job Market Showing Signs Of Recovery

The Guardian | Kathryn Hopkins | Posted 05.25.2011 | World

Britain's employers are reporting improved recruitment plans for the first time in three years, offering a "glimmer of hope" to jobseekers in the run-...

G-20 Promises Crackdown On Bankers' Pay

AP | JANE WARDELL and AOIFE WHITE | Posted 05.25.2011 | Business

LONDON — Top finance officials from rich and developing countries agreed Saturday to curb hefty bankers' bonuses, but the proposed crackdown on ...

Joshua Cooper Ramo: Surprise! Global Financial Crisis Could Turn China Into A Superpower

Diane Tucker | Posted 05.25.2011 | World
Diane Tucker

The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.

11 Economies That Are Worse Than Ours | Rick Newman | Posted 05.25.2011 | Business

When times are tough, one thing that tends to raise the spirits is knowing that somebody else has it worse. And as wretched as the U.S. economy seems,...

Stimulate This!

Christiana Wyly | Posted 05.25.2011 | World
Christiana Wyly

Without coordinated efforts by developed nations to help the world's poorest nations, 100 million people may fall into extreme poverty each year for the foreseeable future.

Let Us See if Italy Keeps Faith With the World's Poor

Bob Geldof | Posted 05.25.2011 | World
Bob Geldof

Italy has only done 3% of what Prime Minister Berlusconi personally and nationally promised to Africa in 2005. So it is quite proper to ask -- what legitimacy does Italy have to run the G8 this year?

Gasoline Prices Up $.25/Gallon in Two Weeks -- Time to Refocus on the Strategic Petroleum Reserve

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is time for the Obama administration to show it is cognizant of the creeping upward push of oil and gasoline prices and its impact on a still very fragile economy.

Iceland's First Left Majority Government: Plus Ça Change...

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Johanna and her partners have an incredibly difficult task ahead of them. However, forcing a quick referendum on EU membership should not be the cornerstone of our rebuilding effort.

Volcker: US, World In A 'Great Recession'

Bloomberg | Matthew Benjamin | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul Volcker said the global economic slump is one of the worst in history. "The U.S., along with the rest of the wor...

Ah So, China Is the Way to Go

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

What are the best ways to play China and other Asian markets, which should also benefit handsomely from the Chinese rebound?

IMF Global Financial Stability Report Puts Financial Losses At $4.1 Trillion

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Losses at financial institutions could approach $4.1 trillion worldwide, the International Monetary Fund said Tuesday as it urged c...

Is the IMF Helping Iceland?

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Why are the countries that have accepted IMF assistance in the past -- such as South Korea and Argentina -- so bitter over the experience?

G-20 Must Look To Needs Of Developing World: Commentary

Times Online | Wang Qishan | Posted 05.25.2011 | World

The global financial crisis that started last year has taken its toll on the world economy on an unprecedented scale. To cope with the crisis, a stron...

World Bank cuts China's 2009 growth forecast

AP | JOE McDONALD | Posted 05.25.2011 | Business

BEIJING — The World Bank cut its forecast of China's 2009 growth from 7.5 percent to 6.5 percent on Wednesday due to plunging exports but expres...

World Government

Scott Malcomson | Posted 05.25.2011 | World
Scott Malcomson

The FT columnist Gideon Rachman wrote a column a couple of months ago about the need for world government, and he got more and different readers than ...

G-20 Won't Call For More Stimulus

Wall Street Journal | GABRIELE PARUSSINI | Posted 05.25.2011 | Home

Finance ministers and central bank heads from the group of 20 leading economies won't make a joint call for further fiscal stimulus at the end of thei...

Brazil The One Country That Might Avoid Recession

Time | Tim Padgett and Andrew Downie | Posted 05.25.2011 | Business

Brazil is no stranger to economic crises. In the 1970s and '80s, Latin America's economic giant turned financial mismanagement into an art form. The c...

"I'm Sorry You're So Stupid:" Head of Iceland's Central Bank Refuses to Step Down

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

According to the Financial Times, this dispute is further damaging Iceland's standing in the eyes of foreign investors, and may endanger the IMF's plans for saving Iceland's economy.

Japanese Gang Members Feel Effects Of Recession

Globalpost | Justin McCurry | Posted 05.25.2011 | World

TOKYO -- Kazuhiro Yamada may describe himself as an innocent victim of the recession, but he is unlikely to win much sympathy. Until he lost his j...

It's Official: Iceland Has World's First Openly Gay PM

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

This is a milestone and another significant step towards the goal of judging our leaders on their abilities and their character, rather than on superficial distinctions.

Davos and Global Warming

Frances Beinecke | Posted 05.25.2011 | Green
Frances Beinecke

The cynical rule of thumb is that the will to strengthen environmental protections dissolves as soon as the economy hits a downturn. The conversations at Davos reveal a far more complex reality.

World Economy Deteriorating Faster Than Expected

Washington Post | Anthony Faiola | Posted 05.25.2011 | Business

The world economy is deteriorating more quickly than leading economists predicted only weeks ago, with Britain yesterday becoming the latest nation to...

What's Next for Iceland: Ensuring a Fair Election in May

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Our only hope now is a peaceful transition from a corrupt plutocracy to the responsible liberal democracy we had fooled ourselves into believing we already had.

Iceland Is Burning -- Day 2

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

The extensive protests that shook Iceland Tuesday have continued into Wednesday and are beginning to have an effect on one of the two political parties making up Iceland's coalition government.