News and Features
The Swedish Academy bestowed this year's Nobel Peace Prize to Muhammad Yunus, the father of microcredit. It's easy to believe Yunus's low-interest loans to the poor are a silver bullet against global economic injustice. But it's not that simple.
As election day approaches, don't expect a reasoned discussion of
economic policy between the two parties. A barrage of
quips and one-liners have taken the place of detail and fact in
Every person on this year's Forbes 400 list of America's richest people is a billionaire, who collectively possess about $1.25 trillion. Imagine how many Congressmen that will buy.
As China's economy surges forward, so does the pileup of social
contradictions: pollution, migration, crime and family dysfunction.
Before the storm, neoliberalism shaped the social and economic
inequities of New Orleans; after Hurricane Katrina, it worsened them
by making government the tool of corporations and investors.
Unless something changes soon, New Orleans will prove to be a glimpse
of a dystopic future, a future of disaster apartheid in which the
wealthy are saved and everyone else is left behind.
What does it mean to be from a place? In Monica Ali's new novel, Alentejo Blue, the collision of locals, expatriates and tourists shatters any simple answers to the question.
The former Treasury Secretary speaks candidly on the inherent
inequities of globalization and the political, social and economic
challenges that lie ahead.
Is Former Treasury Secretary Robert Rubin's new "conceptual
framework" of economic reform an acknowledgment of neoliberalism's
failures or simply a repackaged version of Clintonomics?
Back in Washington's day, Congress printed money to fight the Revolutionary War without collecting taxes to back it up--and paid the price in inflation: History repeats itself today.