Economics

In cahoots Link to the World Development Movement research published by Critical Thinking Published on Sunday, 26 January 2014 12:48 Defined as: colluding or conspiring together secretly, “in cahoots” exactly describes the unholy alliance between the UK government and the City…

By Nelsy Lizarazo for Pressenza Ecuador – President Correa Press Conference. With these words, President Rafael Correa responded to today’s question by Pressenza IPA during the press conference held with members of the foreign press. The question revolved around the…

Published on Thursday, 23 January 2014 00:39 by Critical Thinking The World Economic Forum at Davos this week is discussing inequality. NBC News declared: “With the global economy slowly getting back on its feet, 2,500 delegates gathered in Davos, Switzerland…

By Jutta Wolf | IDN-InDepth News Analysis BERLIN (IDN) – Austerity policies in several countries around the world are denying work to millions of people and leaving vast production opportunities unused, says a new study by the German-based World Future…

By Tom Lines for New Internationalist. Reproduced with permission. A few times a year – we don’t know exactly how often – 52 people meet in a room in London. We think they meet in the Guildhall. While most ordinary…

Pressenza Note – The US is in the process of signing Free Trade Agreements: Trans Pacific and with the EU. Both have been highlighted as disasters waiting to happen in [9terms of the potential to increase inequalities, destroy local economies,…

By Fabiana Frayssinet for IPS BUENOS AIRES, Jan 10 2014 (IPS) – Record temperatures at the start of the southern hemisphere summer in Argentina have been accompanied by highs on the thermometer of social discontent, as consumption peaks left thousands without electricity and…

The financial giant JPMorgan Chase will pay $2.6 billion to settle allegations it failed to disclose suspicions of fraud in what turned out to be a massive Ponzi scheme by Bernie Madoff. Senior executives at JPMorgan Chase had serious doubts…

Anyone reviewing the data is likely to conclude that there must be some mistake. It doesn’t seem possible that one out of twenty American families could each have made a million dollars since Obama became President, while the average American…

The Dow Jones Industrial Average and the S&P 500 both hit record highs on Thursday while the NASDAQ surged to its highest level in over 13 years. The year-end rally is expected to add a boost to the massive bonuses Wall Street…