financial flows
Lessons of the Obama Debacle

Lessons of the Obama Debacle

The problem with us progressives as this time of crisis is not that we lack an alternative paradigm to pit against the discredited neoliberal paradigm. No, the elements of the alternative based on the values of democracy, justice, equality, and environmental sustainability are there and have been there for sometime, the product of collective intellectual and activist work over the last few decades.

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Cuba: New Corporate Utopia?

Cuba: New Corporate Utopia?

On the list of America’s most-hated leaders, Fidel Castro gets the award for longevity.  Outlasting ten U.S. presidents, from Eisenhower through George W. Bush, Castro has managed to maintain his high ranking for over five decades. Though the 84-year-old ex-president of Cuba is unlikely to drop off the list during his lifetime, the persistent image of Cuba as communist dystopia may be on the verge of changing–that is, if the dreams of American big business come true. 

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Global Solidarity Levy Urgently Needed

Global Solidarity Levy Urgently Needed

When world leaders gather for the Summit on Millennium Development Goals on September 20, the reports and the speeches will be largely predictable. True, there has been some progress made against global poverty. But particularly in Africa, the international community will likely fall far short of meeting the goals by the target year 2015. And even if the goal of reducing the poverty rate by half is achieved, about one billion people will still be living on less than $1.25 a day.

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60-Second Expert: The Political Consequences of Stagnation

Two years after the collapse of the global economy, prospects for economic recovery remain distant. Despite modest upturns at the end of 2009, the end of public stimulus spending in the United States, China, and other states has renewed fears of a double-dip recession. All major sectors in the economy remain cautious; firms are not investing, banks are not lending, and consumers are not spending. Partly to blame for the continued mess is a lack of coherent, focused, and directed government action.

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Dodging World Bank Schizophrenia: The Looting of Africa Continues?

The continent’s own elites, together with the West and now China, are still making Africans progressively poorer, thanks to the extraction of raw materials. Reinvestment is negligible and the prices, royalties and taxes paid are inadequate to compensate the wasting-away of Africa’s natural wealth. Anti-extraction campaigns by (un)civil society are the only hope for a reversal of these neocolonial relations.

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The Political Consequences of Stagnation

The Political Consequences of Stagnation

My apologies to T. S. Eliot, but September, not April, is the cruelest month. Before 9/11/2001, there was 9/11/1973, when Gen. Pinochet toppled the Allende government in Chile and ushered in a 17-year reign of terror. More recently, on 9/15/2008, Lehman Brothers went bust and torpedoed the global economy, turning what had been a Wall Street crisis into a near-death experience for the global financial system.

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Greece: Same Tragedy, Different Scripts

Greece: Same Tragedy, Different Scripts

Cafés are full in Athens, and droves of tourists still visit the Parthenon and go island-hopping in the fabled Aegean. But beneath the summery surface, there is confusion, anger, and despair as this country plunges into its worst economic crisis in decades.

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The Scramble for East Africa

The East African Community has accelerated negotiations with Europe for an Economic Partnership Agreement (EPA). The race is on for negotiators and lobbyists to either let Europe in or keep it out. And so far, influential EPA advocates are in the lead, according to Yash Tandon, former head of the South Centre and critic of African EPAs with Europe. As corporate proponents advance the trade deal, negotiations threaten East African unity at a critical time in its still early development.

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Donating to Haiti and Beyond

Donating to Haiti and Beyond

Media coverage of humanitarian crises appears to influence charitable giving. Using internet donations after the 2004 Indonesia tsunami as a case study, Philip Brown and Jessica Mintyof The William Davidson Institute at the University of Michigan, show that media coverage of disasters has a dramatic impact on donations to relief agencies. According to Brown and Minty, an additional minute of nightly news coverage increases donations by 13.2 percent of the average daily donation for the typical relief agency. Similarly, an additional 700-word story in The New York Times or Wall Street Journal raises donations by 18.2 percent of the daily average.7

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