Economics

New York – A lack of job opportunities, inadequate education, vulnerable working conditions and insufficient government investment are some of the main concerns of young people around the world, according to a United Nations report on youth published yesterday.

Banks are lending very little to help the real economy – businesses and mortgages – but there are no shortages of bonuses for top executives. Huge payments to lobbying firms at home and in the US (whose activities are not covered by the Freedom of Information Act) have been used to influence policies that may curtail the financial sector’s licence to cream.

For innovative young folks, angels are by no means mythical beings or messengers of God as depicted in the Hebrew and Christian Bibles and the Quran. They are flesh-and-blood source of equity capital at the seed and early stage of company formation, particularly when banks are reluctant to lend.

Article by Ramesh Jaura

When an international commission headed by Willy Brandt drew attention to global economic interdependence in its report in 1980, the world was divided between rich North and poor South. More than 3 decades later, the IMF is asking what were until recently developing countries to help stave off the European financial crisis resulting in the global economy sinking like Titanic

“Countries throughout the world will experience an economic slowdown this year as the sovereign debt crisis in Europe continues to unfold,” says a UN report.

Montevideo – The World Trade Organization (WTO) has failed. In December, the Doha Round is turning ten years old, with nothing to celebrate[i]. Formal negotiations of the Round expired in 2005, without any agreement, and informal negotiations stalled in 2008. Indications in December too were that an agreement to liberalize trade among its 153 member countries was eluding.

During the last two centuries over 60 million of Europeans travelled to the Americas escaping the great wars or looking for a better life. When Latin Americans travelled back to Europe running away from military dictatorships and economic debacles the walls came up in “fortress Europe”. As the economic crisis in the Eurozone unfolds migration is again changing direction.

Press Release Posted on November 28, 2011 by OccupyLSX (Occupy the London Stock Exchange). Initial statement of Corporations Policy Group ratified by Occupy London’s General Assembly. Occupy London asks corporations to engage in dialogue working together to create a socially responsible and sustainable economic system.

Montevideo – In 2002, Anne Krueger, First Deputy Managing Director of the International Monetary Fund (IMF), floated the idea that countries can go bust, advanced her opinion about a possible international mechanism of sovereign debt restructuring, and when considering the obstacles to an orderly debt restructuring, explicitly mentioned the behavior of vulture funds.

The Occupy movement continues to expand its influence and develop awareness in different fronts. Harvard Economics students decide to raise the issue of what kind of models are taught and what has been the influence of such models in the creation of the present international crisis. Professor teaches “Neo-Kensyan”(!?) doctrine but students describe it as neo-liberal