Risky Lenders Did More Aggressive Lobbying: IMF Report
Over the last few few decades, financial lobbying yielded an incredible return on investment for Wall Street -- albeit, in the form of taxpayer bailou...
Over the last few few decades, financial lobbying yielded an incredible return on investment for Wall Street -- albeit, in the form of taxpayer bailou...
Gordon Brown | Posted 12.23.2009 | World
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.
Georges Ugeux | Posted 12.16.2009 | World
Greece is, once again, on the verge of bankruptcy and, once again, is asking its European partners for help.
Joseph A. Palermo | Posted 12.16.2009 | Politics
Obama's Nobel lecture might have showed us that the US has reached a turning point: either the national security monster we've created is going to eat us alive by bankrupting the country or we're going to have to shift course.
Ellen Brown | Posted 12.17.2009 | World
Total financial collapse, once a problem only for developing countries, has now come to Europe. The International Monetary Fund is imposing its "austerity measures" on the outer circle of the European Union.
Times Online | Angela Jameson and Elizabeth Judge | Posted 11.23.2009 | Business
Dominique Strauss-Kahn told the CBI annual conference of business leaders that another huge call on public finances by the financial services sector w...
Jonathan Kim | Posted 12.07.2009 | Entertainment
What causes global poverty? Why do the countries of the northern hemisphere enjoy so much wealth while over a billion people in the southern hemispher...
Nassim Nicholas Taleb | Posted 11.05.2009 | Business
We need to build a society robust to charlatanism and expert-error, one in which Takatoshi Kato and his staff can be as incompetent as they want without endangering the general public.
Max Keiser | Posted 10.21.2009 | Business
Latvia should not pay back its loans to Sweden says renowned economist Dr. Michael Hudson. I interviewed him after reading his piece; The Specter o...
ft.com | Norma Cohen | Posted 10.07.2009 | Business
As the world's banking system teetered on the brink of collapse just about a year ago, there were widespread, heartfelt, calls for reform. Politici...
Barry D. Wood | Posted 10.05.2009 | Business
Four broad messages emerged last week from the annual gathering in Istanbul of the International Monetary Fund and the World Bank, including that the worst of the financial crisis is behind us.
Bloomberg | By Rainer Buergin and Simon Kennedy | Posted 12.03.2009 | Business
Group of Seven finance chiefs said they will meet less and issue fewer statements as the G-20 becomes the main arena for setting global economic polic...
GlobalPost | Posted 12.02.2009 | World
By Nichole Sobecki ISTANBUL, Turkey -- At the start of the financial crisis, Prime Minister Recep Tayyip Erdogan seemed confident that the troubles...
Ellen Brown | Posted 12.01.2009 | Business
The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems.
Georges Ugeux | Posted 12.01.2009 | World
This year, President Obama drove a very different agenda -- one focused on discussing how the world can form global governance and cooperate to stimulate the ailing economies.
AP | CHRISTOPHER TORCHIA | Posted 12.01.2009 | World
ISTANBUL — A student journalist threw a shoe at IMF Director Dominique Strauss-Kahn on Thursday and ran toward the stage shouting "IMF get out!"...
Marshall Auerback | Posted 11.29.2009 | Business
Government deficits are not an aberration; they are the norm. Our first (and possibly greatest) Treasury Secretary, Alexander Hamilton, called the national debt a "national blessing."
Mark Weisbrot | Posted 11.29.2009 | World
The expansion from the G-8 to the G-20 is mostly a symbolic move. Since the rich countries control the institutions with actual power, the G-20 is still mainly the G-7 with the other 13 countries sitting in.
Iris Erlingsdottir | Posted 11.28.2009 | World
This has been a very rough year for Iceland, and it's not likely to get better anytime soon. The public's anger continues to grow, and it would not be surprising if this winter sees a repeat of last winter's uprising.
Ann Pettifor | Posted 11.25.2009 | Business
To help the poor of the world, the G-20 shuffled the deckchairs on the board of the IMF. No doubt this will cheer up those families in drought-stricken Kenya whose babies were snatched by starving hyenas.
Mark Weisbrot | Posted 11.16.2009 | World
Supporters argue that the IMF has changed. But after depositing a large amount of money in Honduras -- the site of a recent coup -- it's looking more and more like the same old IMF on steroids.
Farahnaz Ispahani | Posted 11.10.2009 | World
A year after the election of Asif Ali Zardari, Pakistan's march toward democracy continues, and the decision to elect President Zardari is proving to have been the correct one.
Johann Hari | Posted 10.22.2009 | World
Naomi Klein's The Shock Doctrine is one of the most important political books of the past decade. But Michael Winterbottom's "adaptation" for film is garbled and mumbled to the point of meaninglessness.
Nathan Lewis | Posted 10.19.2009 | World
It's not about "conservative" and "liberal." It's about us against the banker imperialists. The IMF should be abolished.
Diane Francis | Posted 08.29.2009 | World
The bilateral talks, or G-2, between the U.S. and China have resulted in little substantive progress. This is because there is a continuing, inexplicable failure on the part of the U.S. with other countries to pressure China to curb its currency manipulation.
Posted 12.29.2009 | Business