World Archives - Page 26 of 107

25Oct

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Politics, USA, World

IMF Warns of Unstable Financial System

Organization Profile: Jubilee USA NetworkContact: Phone: 202.783.3566Email: coord(at)jubileeusa.org WASHINGTON - The International Monetary Fund warns of growing financial instability as a result of high debts and risky investing in the release of the IMF 2019 Global Financial Stability Report. The report raised fears that developing countries are borrowing too much."The Fund is recommending more transparency and greater surveillance of corporate and country debt," shared United Nations debt expert and Jubilee USA Director, Eric LeCompte. "While these recommendations are good, they fall short of the policies we need to prevent the next financial crisis. We need a global bankruptcy process. We need global laws on responsible lending and borrowing." Yesterday, the ...

12Oct

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World

Bretton Woods Institutions’ Neoliberal Over-reach Leaves Global Governance in the Gutter

By Prof. Patrick Bond Global Research This week, the annual meeting of the World Bank and International Monetary Fund will again be held in Washington, DC, with back-slapping now that the Bretton Woods twins have reached age 75 (they were founded at a New Hampshire hotel in 1944). And with more passion than in recent years, there will be protests, especially climate activists on Friday at noon with a strong set of messages, to “end all funding for fossil fuels!” One voice will be especially loud: Trevor Ngwane’s. A leading activist from Soweto, he was last at a Washington protest in April 2000, amidst 30,000 demonstrators. That week, he co-starred – along with World Bank board chairperson Trevor Manuel – in a documentary, Two Trevors Go to Washington. (Regrettably, youn...

19Sep

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World

Who Owns the Sea?

By Vanessa Baird Global Research, The coming months are critical if we are going to stop the damaging free-for-all that is the current status quo and save the world’s oceans for our common future. Vanessa Baird examines the prospects. *** There’s a cartoon that oceanographer Lisa Levin uses in her lectures. It shows a group of women having coffee. One is saying: ‘I don’t know why I don’t care about the bottom of the ocean, but I don’t.’ It’s from The New Yorker, dated 1983, and it’s safe to say it probably reflected the feeling of the vast majority of people at the time. Whatever has happened in the intervening decades, that, at least, may have changed. It’s so much easier today to feel for the seas. We now know that the vast, once seemingly empty, body...

4Jul

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World

End of Globalization with Western Characteristics

NOVANEWS By Prof. Fabio Massimo Parenti Global Research Western, US-driven globalization is defunct, but not globalization per se. A higher degree of economic and cultural interdependence has found favor in the form of new regionalism since the 1990s. Recently, The Economist interviewed Michael O’Sullivan, former banker and economist at Princeton University, on the end of globalization and the emergence of a multipolar world, the thesis of his recent book. In the short interview and book’s excerpt, a macroscopic forgetfulness can be noticed: The idea and historical evolution of globalization is treated without any geopolitical characterization. In this discussion, globalization is taken for granted as a natural state of affairs that comes and goes. It is assumed that globaliza...

18May

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Europe, World

1919 Winnipeg General Strike: Lessons for Creating a Better World in 2019

NOVANEWS 4 guests assess the legacy of the Winnipeg General Strike and its meaning for today By Michael Welch, John Clarke, and Leo Panitch Global Research “The worker must get a more equitable share of the wealth of the world. And this Strike has already demonstrated the ability of the workers to get his if he consolidated their forces. Withdraw your labour power from the machine, said he, at once profits cease.” – published in Western Labor News, Strike Buletin (May 20, 1919). [1] LISTEN TO THE SHOW Click to download the audio (MP3 format) The period following the end of the first World War was one of considerable labour unrest in North America and around the world. [2] Revolutions had sprung up in Russia, Germany and Hungary. One in five wage labourers in the United States ...

8May

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Europe, USA, World

Victory Day Reminds the World About the Evils of Fascism

NOVANEWS By Andrew Korybko Global Research Russia, most of the countries of the former Soviet Union, and Israel all celebrate the end of World War II on 9 May, with this year’s commemoration in Moscow being the 74th in history. This solemn day marks the victory of freedom over fascism and is practically regarded as sacred for the survivors and their descendants. It serves as a reminder to the world of the evils of fascism and the horrible consequences that have befallen tens of millions of civilians at the hands of a genocidal ethnonationalist supremacist ideology. There are serious concerns that these terrifying ideas that were thought to have been defeated once and for all are experiencing a revival in modern-day Europe, which makes this year’s Victory Day events more rele...

7Apr

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World

Syariah Law Matters: The Kingdom of Brunei’s Stoning Affair

NOVANEWS By Dr. Binoy Kampmark Global Research From time to time, celebrities recoil and, in anger, seek to march for a change to the status quo. Much of is never intended to alter much, but they can count their names among the indignant luminaries and say they tried to do something. The recent imposition of Syariah law in the Kingdom of Brunei, a tiny speck of territory wedged between Sabah and Sarawak, was enough to enrage George Clooney, Sir Elton John, and a few others concerned that their moral credentials might be hurt by the move. In incensed words penned for Deadline, Clooney’s moral advisory noted that, “Every single time we stay at or take meetings at or dine at any of these nine hotels we are putting money directly into the pockets of men who choose to stone and ...

30Jan

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World

Global Economy on the Brink as Davos Crowd Parties On

NOVANEWS By Dr. Jack RasmusOn the eve of this year’s World Economic Forum gathering, some of the most powerful, wealthy, and more prescient capitalists have begun to speak out to their capitalist cousins, raising red flags about what they believe is an approaching crisis. Read more... WMD Take Two: Chemical Weapons Claims in Syria By Prof. Tim AndersonHow do we know that every single allegation of Syrian Government use of chemical weapons use (2013 to 2018) was a fabrication? By ignoring, so far as possible, the propaganda storm of the warring parties and focusing on independent evidence and admissions. Read more... UN: 254 Palestinians Killed, 23,000 Injured in Gaza Protests By Middle East MonitorMore than 250 Palestinians have been killed by Israeli army fire and over 23,000...

26Jan

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World

Tribal nationalism vs global unity

NOVANEWS By Graham Peebles Change, discontent and uncertainty are some of the most prominent characteristics of the times. These interconnected terms are routinely used to describe global affairs and are key factors animating the global protest movement as well as the growing tide of nationalism. Both movements arise from the same seed, one is progressive and in harmony with the new, the other is of the past and seeks to obstruct and divide. These are transitional times, as humanity moves out of one civilisation imbued with certain ideals, values and beliefs to a new way of living based on altogether different principles. They are times of unease and insecurity certainly, but also times of great hope and opportunity. “The pervading uncertainty is being exploited by the reactionary forc...

13Nov

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World

World War I Centenary: “War Is a Racket”. Unlimited Imperialism

NOVANEWS By Prof. Francis Boyle Ten Million People died for nothing. Smedley D. Butler had it right. War is a Racket. And Woodrow Wilson murdered 116,000+ Americans in that war. The American People and Congress did not want to fight in that God-forsaken war. Wilson lied, tricked, deceived, maneuvered and finagled us into that war. Read more... Bitter US-European Tensions Mark Centenary of World War I Armistice in Paris By Alex Lantier This weekend, heads of state from 70 countries met in Paris to mark the centenary of the end of World War I, amid rising conflicts between the great powers and growing popular anger. Despite the ritualistic criticisms of nationalism and calls for peace, it is clear that none of the “world leaders” in Paris had any plan to halt the accelerating collapse of in...