There is a great risk that one of the largest relief operations in history will be similar in nature to the tsunami relief efforts in 2004, unless a radically different approach to a reconstruction model is adopted.
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ICELAND BLOCKS BANK REPAYMENTS FOR FOREIGNERS
by
News Agencies
6 January 2010
The president of Iceland blocked a hard-fought $5 billion compensation deal with the British and Dutch governments on Tuesday, upending the precarious finances and politics of the island nation and further jeopardizing already frayed ties with Europe and international lenders.
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UNITED STATES : STATE BUDGET BLUES - LOOKING FOR FUNDS IN ALL THE WRONG PLACES
by
Marianne Hill
29 December 2009
Experts anticipate that federal dollars going to state programs will be scaled back, with funding levels increasing only in targeted areas such as health care and energy. So shortfalls in state budgets will continue for years to come unless states either enact more cuts or update their antiquated tax systems.
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THE LESSONS OF DUBAI
by
Nouriel Roubini
2 December 2009
Although Dubai World’s financing issues are not a surprise and are relatively small given global credit losses, they are a reminder that the vulnerabilities and imbalances that contributed to the credit crunch have not disappeared.
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HAVE THE RICH WON?
by
Sam Pizzigati
4 November 2009
A new approach to capping income at the top is starting to gain momentum. Today’s super rich are doing better, fantastically better, both before and after taxes. In 2006, the top 400 averaged an astounding $263 million each in income. These 400 financially fortunate paid, after loopholes, just 17.2% of their incomes in federal tax.
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NEW REPORT FINDS IMF AGREEMENTS HAVE INCLUDED POLICIES THAT COULD WORSEN ECONOMIC SLOWDOWN IN 31 OF 41 COUNTRIES
by
Mark Weisbrot, Rebecca Ray, Jake Johnston, Jose Antonio Cordero and Juan Antonio Montecino.
7 October 2009
A new discussion paper from the Center for Economic and Policy Research finds that 31 of 41 countries
with current International Monetary Fund (IMF) agreements have been subjected to pro-cyclical macroeconomic policies that, during the current global recession, would be expected to have exacerbated economic slowdowns.
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UNEMPLOYMENT COMPENSATION: A BROKEN SYSTEM
by
Marianne Hill
7 October 2009
Shifts in employment patterns and a tightening of eligibility requirements are behind the nationwide reduction in effective unemployment insurance coverage.
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G-20 MEETING IN PITTSBURGH : CASINO CAPITALISM AS USUAL
by
Mark Engler
3 October 2009
he Group of 20 (G20) meeting in Pittsburgh (Sept. 24-25 2009) brought together leaders from the most significant players in the global economy. Unfortunately, the changes left off the table at the summit were far more significant than the modest reforms actually debated, and the few alterations that did make it into the final agreement are likely to be further watered down in implementation.
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BANK OF THE SOUTH IS FORMALIZED
by
News Agencies
29 September 2009
Presidents of Argentina, Brazil, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela signed on September 26th. the foundational document on the sidelines of the Africa-South America Summit in Margarita Island, Venezuela, last night, after almost four years of attempts to form a regional financial institution.
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UNITED STATES- UNEMPLOYMENT COMPENSATION: A BROKEN SYSTEM
by
Marianne Hill
24 September 2009
Lower-income families have fewer assets to see them through rough economic times, and their extended families are also hard-pressed as demands upon them increase.
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