Without sovereign control of their country’s debt, the Greek people are being punished with extortion by the ECB and IMF Greece’s general strike this week in protest against the government’s austerity programme prompted angry scenes outside the parliament in Athens. Photograph: Louisa Gouliamaki/AFP/Getty Images Imagine that in its worst year of our recent recession, [...]

Introduction: The recent rash of civilian killings by NATO forces in occupied Afghanistan raises several basic questions:  Why do US – NATO air and ground forces kill so many civilians, so persistently, over such long stretches of time, in regions throughout the country?  Why have the number of civilians killed, increased in the course of [...]

There is a growing chorus of voices, including former Latin American presidents, as well as Mexicans fed up with the war paradigm, who assert that military responses to drug traffickers are only making the problem worse. The question is, how will civil society in Latin America and the United States respond to the growing U.S. [...]

Libya is the front line of the European and American counter-revolution. The chain of command reaches to Paris, London and Washington. Benghazi has reverted to the colonial outpost that it was when the Italians ruled – only now, in the 21st century, all of the Europeans plus the Americans get to lord over the Libyans, [...]

Director-General Juan Somavia opened the historic 100th International Labour Conference with a call for an urgent commitment to a new era of social justice and economic growth based on sustainable development to address mounting “turmoil” in the world of work. Press release | June 1, 2011 GENEVA (ILO News) — Director-General Juan Somavia opened the [...]

Challenges  confronting the 100th Session of the International Labour Conference,1-17 June 2011. Inefficient growth shares out gains unevenly, thereby eroding social cohesion q Income inequality has risen in most countries, with incomes at the very top running away from average incomes. In developed economies, income inequalities have translated into wealth inequalities and may undermine social [...]

Fed policy is no solution.what these people are ignoring is that the greatest danger to the financial system, including themselves, is deflation, because deflation means, conversely with inflation, that the value of the dollars is going up, the value of the dollar is going up. So that means that debt holders—it’s going to be more [...]

Greece ? Ireland ? Portugal ? Spain ? Italy ? UK ? ? The leading monetary economist told the Wall Street Journal that this was not a liquidity crisis, but an insolvency crisis. She said that Bernanke is fighting the last war, and is taking the wrong approach (as are other central bankers).the government’s attempts [...]

Towards a very serious breakdown of the world economic and financial system At the heart of the global systemic crisis since its inception, the United States is, in the coming months, going to demonstrate that it is, once again, in the process of leading the economy and global finances into the « heart of darkness [...]

The recognition of currency war, which has been going on for years, reflects the failure of international cooperation and the failure the G-20 to find a solution of the beggar-thy-neighbor policies of almost every nation. The result has been growing geopolitical dislocation, which G-20 has yet to find a solution for. These efforts, until recently, [...]