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After the Second World War, in a growing number of Third World countries, policies diverged from those of the former colonial powers. This trend encountered firm opposition from the governments of the major industrialised capitalist countries whose influence held sway with the World Bank (WB) and the IMF. WB projects have a strong political content: to curtail the development of movements challenging the domination/rule of major capitalist powers. The prohibition against taking Continue reading
On Sunday, September 21st, a huge crowd will march through the middle of Manhattan. It will almost certainly be the largest rally about climate change in human history, and one of the largest political protests in many years in New York. More than 1,000 groups are coordinating the march Continue reading
A scandal is roiling Britain. The underlying facts speak to hideous violence and sexual exploitation perpetrated upon mostly working-class girls, some as young as eleven-years old. It is also a story of official indifference, malign neglect, and societal denial. More than anything else, the identity of the perpetrators has been offered by the media, many officials, and even some social workers as an explanation for the villainy. Normally the stuff of crime pages, the story, often sensationalized with prurient detail, has made the headlines throughout the English-speaking world.
Paul Singer, proprietor of NML Capital, has, without intending to do so, done a great favour for humanity. In two months, he has completely delegitimized the rules of existing International Financial Architecture (IFA), and in passing, has strengthened the support of most of the world in favour of Argentina. In this sense, the letter sent on August 25 2014, to the General Secretary of the United Nations Organization, Ban Ki-moon, signed by economists Joseph Stiglitz, Robert Solow, Dani Rodrik and José Antonio Ocampo, among others, and the former Prime Minister of Canada, Paul Martin, marks part of the beginning of a global campaign to transform mechanisms of restructuring sovereign debt. The other part is the initiative of the G-77 plus China group (made up of over 130 countries) to bring an initiative for reform to the General Assembly of the United Nations.
The top U.S. immigration court ruled last month that women from other countries fleeing domestic violence and fearing for their lives can now legally seek asylum in the United States.
Once again, US politicians and pundits are beating the drums of war, trying to get our nation involved in yet another conflict. A few years ago it was Iran, with Continue reading
The G77+China approved in the general Assembly on September 9, 2014 the proposal to create a UN based debt workout mechanism. When all G7 countries are highly indebted (using a World Bank definition of over 100% debt on GDP), this mechanism might come in handy way beyond only the emerging and developing economies, to all countries that subscribe to it. There is one year to construct the mechanism following the precepts of UNCITRAL on trade law. (http://www.un.org/News/Press/docs//2014/ga11542.doc.htm)
Working harder and making less isn Continue reading
Occupy has entered our DNA. It is in our forms of relating, organizing and being. And, just as during DNA replication, DNA unwinds so it can be copied, so Occupy has retained its essence while it has multiplied and changed form. Continue reading
We the undersigned call upon the United States Senate, House of Representatives, and President Obama to work together to introduce, promote, and pass legislation that puts a price on carbon pollution and returns revenues to the American people, either directly or by reducing taxes. Continue reading