financial flows
Europe Taking Lead on Speculations Tax

Europe Taking Lead on Speculations Tax

Out of the ashes of the 2008 financial crisis, an idea that progressives have been kicking around for decades – a financial transactions tax (FTT) – took on new life. There were high hopes that the G-20, which had declared itself the “premier forum for international economic coordination,” would take up the proposal as a way to raise massive revenues to pay for the costs of the crisis and also discourage reckless short-term financial speculation. 

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Greece on the Verge

Greece on the Verge

On June 29, the Greek parliament ignored the huge protests in Syntagma Square and approved the austerity program. But the Greek movement that has emerged to challenge this unpopular loan package is not going away.

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Review: Free Burma

Review: Free Burma

In his new book Free Burma: Transnational Legal Action and Corporate Accountability, sociology professor John Dale challenges the basic assumption underlining “constructive engagement” policies that continued trade with Burma will help bring about political reform in the country. Dale argues that, instead of promoting democracy, constructive engagement poses a threat to Burma’s political and economic development.

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Timor: Where Has All the Aid Gone?

Timor: Where Has All the Aid Gone?

When Indonesia withdrew from Timor-Leste (TL) in 1999, governments all over the world expressed their sympathy for the Timorese. Donor governments promised to assist TL to build a viable state, with lasting peace and stability. Early on, the United States also committed to help TL move toward a democratic society. Secretary of State Hillary Clinton recently reiterated this commitment in her meeting with TL’s Prime Minister Xanana Gusmao. 

After 11 years, the rhetoric is still the same. But the reality on the ground has not changed much.

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