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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 10.03.2009 | 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 10.02.2009 | 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 10.01.2009 | 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 10.01.2009 | 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 10.01.2009 | 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 09.29.2009 | 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 09.29.2009 | 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 10.01.2009 | 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 09.26.2009 | 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 09.18.2009 | 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 09.11.2009 | 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.
usnews.com | Rick Newman | Posted 08.10.2009 | 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,...
Rob Johnson | Posted 08.07.2009 | Business
We must recognize that we have been violated by experts and leaders. What's needed is a proper cleansing of social misdeed through outrage.
Norman Solomon | Posted 07.26.2009 | Politics
When approaching Iran, the Republican Party line and the Hugo Chavez line are running in opposite directions -- but parallel.
Chad Dobson | Posted 07.24.2009 | Business
Over the past five months, President Obama has made great strides in improving transparency within the USG. Mr. Zoellick and his team of experts over at the World Bank could stand to learn a thing or two from the U.S. Government.
Robert Naiman | Posted 07.13.2009 | World
The White House and the House leadership want progressive Democrats in the House to abandon their constituents, their commitments, and their principles and vote for the War/IMF supplemental. But when progressive Democrats tried to have input into the process earlier, they were locked out by the leadership, on orders from the White House and Treasury.
Heather Hurlburt | Posted 07.13.2009 | Politics
There's a decent chance that, in future, members of Congress from all sides will lose the ability to push unpopular projects through by tying them to money for the troops on the ground.
Mark Weisbrot | Posted 07.12.2009 | Politics
Obama and the House Democrats can't seem to muscle the votes they need to pass a $108 billion appropriation for the IMF. The stakes are high for both the administration, and the world.
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Nassim Nicholas Taleb | Posted 11.05.2009 | Business