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Economics

U.N. Treaty on Corporate Rights Abuse Sees New Momentum

By Carey L. Biron for IPS WASHINGTON, May 7 2014 (IPS) – Some 500 global groups are calling for action by governments next month to jumpstart the process of drafting an international treaty to address rights abuses by multinational corporations,…

Creation of Multinational Observatory Promoted in Ecuador

Quito, May 6 (Prensa Latina) Representatives of 11 Latin American countries promoted here today to the creation of a regional observatory that will allow nations defending against arbitrations and litigation with TNCs. As explained by the Ecuadorian Foreign Minister Ricardo…

Disposable Consumer Goods At High Human Costs

By Julio Godoy* | IDN-InDepth NewsAnalysis BERLIN (IDN) – Hundreds of thousands around the world demonstrate for better working conditions and fair wages on the International Labour Day. However, when May 1 is over, many of these demonstrators go back…

Ukraine Gov. Admits Loss of Control over East; IMF Approves Bailout

The Ukraine government says it has lost control of the restive east as pro-Russian separatists continue to expand their reach. On Wednesday, Ukraine’s acting president, Oleksandr Turchynov, blamed what he called “inactivity, helplessness and even criminal betrayal” among Ukrainian forces…

Obama Leaves Malaysia Empty-Handed

Kuala Lumpur, Apr 28 (Prensa Latina) U.S. President Barack Obama, left Malaysia today with no clear sign of having convinced the government to sign the proposed trade association for the Asia-Pacific region known as the Trans-Pacific Partnership (TPP), the main…

Obama Fails to Seal Deal on Secretive TPP Trade Pact in Japan

President Obama has left Japan without sealing a deal on the Trans-Pacific Partnership, a secretive pact among Pacific Rim countries to establish a free-trade zone encompassing nearly 40 percent of the global economy. The deal has faced mass protest in…

The third flaw in the economic system

Over the last few days, Daily Pickings highlighted two of the fundamental flaws in the economic system, exclusive land ownership rights and interest on money. The third fundamental flaw is that the means to life is conditional on paid employment.…

London Tube Workers Plan 5 Days Strike

London, 17 Abr (Prensa Latina) London Tube workers are due to stage a 5 days strike, because almost one thousand workers will loose their jobs. Commuters in London face a further period of heightened transport misery after tube workers announced…

Still not loving ISDS: 10 reasons to oppose investors’ super-rights in EU trade deals

By the Corporate Europe Observatory, April 16th 2014 At the end of March, the European Commission launched a public consultation over its plan to enshrine far-reaching rights for foreign investors in the EU-US trade deal currently being negotiated. In the…

The Commons: People power beyond the state

The activist and author David Bollier tells Deutsche Welle why what he calls the Commons will change the way we live our lives and our system of politics. DW: Can you define in a nutshell what you mean by the…

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