Meanwhile, Moscow once again boasts more billionaires than New York City.
Putin’s Extravagant Proposal to Abolish Visas Echoes Gorbachev and Nukes
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financial flows
Mexico’s Hot Money Challenge
The headlines out of Mexico these days are dominated by the fiery violence related to the war on drugs. Mexico’s economy is also heating up in ways that are extremely dangerous to the future of the country.
True Reason for China’s Appeal to American Industry Even More Shameful Than Low Wages
The real story of why American industry moves to China may never be told in the mainstream media.
Development Aid: Enemy of Emancipation
Kenyan scholar Firoze Manji gives his thoughts on the ‘aid industry’, an industry which hampers Africans’ recovery of their continent, made rotten with corruption and the pillaging of natural resources.
Poverty Capitalism: Interview with Ananya Roy
The last decade of officially celebrated growth left behind a vast underclass. The world’s richest 500 people, hardly enough to fill a movie theater, command more wealth than the bottom 416 million. From the varied vantage points of affluence, the poor are many things — victims, citizens, objects, profit opportunities. Ananya Roy’s recent book Poverty Capital brilliantly captures a growing global consensus about poverty, and a brave new world of ideas aiming to fulfill oft repeated declarations of “making poverty history.”
Tahrir Square a Product, in Part, of the Perversion of Microcredit
Microcredit’s odd link to police brutality.
Republican Calls to Drain the Pentagon Swamp Provide Window for Democrats to Climb Through
Citing canard that moderates are more inclined to respect Republicans on national security matters, libertarians and Grover Norquist call for defense cuts than Democrats.
WikiLeaks XXVIII: Organized Crime Squeezing the Life Out of Bulgaria
Organized crime in Bulgaria dates its inception to the demise of communism, but has already become a tradition.
Inspiring Story of Tunisian Protests Ignored by Washington
Even though President Ben Ali and his wife have used privatization as an excuse to buy up state property at bargain basement prices, the U.S. still supports them.
Recovery Recedes, Convulsion Looms
The dominant mood in liberal economic circles as 2010 drew to a close, in contrast to the cautiously optimistic forecasts about a sustained recovery at the end of 2009, was gloom, if not doom. Fiscal hawks have gained the upper hand in the policy struggle in the United States and Europe, to the alarm of spending advocates like Nobel laureate Paul Krugman and Financial Times columnist Martin Wolf who see budgetary tightening as a surefire prescription for killing the hesitant recovery in the major economies.