Topic: Finance and debt
A decade after the Lehman Brothers’ collapse, finance remains a major risk
Blog / 14th September 2018On 15 September, it will be ten years since the collapse of Lehman Brothers opened a Pandora’s Box. Movements across Europe are commemorating the date with acts of disobedience to relaunch our struggle to rebuild democracy, which can only be done by controlling finance, writes Susan George.
Warnings of a new global financial crisis
Article / 13th June 2018There are increasing warnings of an imminent new financial crisis, not only from the billionaire investor George Soros, but also from eminent economists associated with the Bank of International Settlements, the bank of central banks.
Tax evasion isn’t just for the west: it conspires to keep Africa poor too
Article / 31st May 2018A new report reveals how western banks and governments turn a blind eye to billions of pounds’ worth of wealth, generated across west Africa, that is squirrelled away offshore, often out of sight of the tax authorities. By Phillip Inman.
$1.7 Trillion Global Spending on Military in 2017: Highest since End of Cold War
Article / 31st May 2018According to the latest report by the Stockholm International Peace Research Institute (SIPRI), in total, countries around the world spent $ 1.739 billion on arms in 2017. Although there was a marginal increase of 1.1 percent rise in real terms on 2016, the total global spending in 2017 is the highest since the end of the cold war.
New figures show debt crises are growing across the globe
Blog / 17th May 2018Thirty-one countries across the world are now in debt crisis, with a further 82 at risk, according to new figures released by the Jubilee Debt Campaign on 16 May. The figures are being released on the 20th anniversary of the G8 meeting in Birmingham (UK) 1998, when 70,000 people formed a human chain around the summit and called for unpayable developing country debt to be cancelled.
Annual Report for 2018: Share The World’s Resources
Report / 4th May 2018Throughout 2017 STWR continued to strengthen and promote our case for global economic sharing, particularly in relation to our core advocacy position as an organisation. All of our work related to the need for a united people’s voice that speaks on behalf of the least advantaged, giving the highest priority to the prevention of extreme human deprivation across the world.
Climate change aid to poor nations lags behind Paris pledges
Report / 3rd May 2018Finance for poor countries to help them reduce their greenhouse gas emissions and deal with climate change is lagging behind the promises of rich countries, an Oxfam report finds.
Un discorso sulle credenze, ideologie e sugli “ismi”
Article / 29th April 2018Come possiamo creare la consapevolezza che la condivisione è la soluzione alla crisi planetaria, e la nostra speranza per recuperare un mondo diviso? Il nocciolo di questa domanda è il problema degli “ismi”, che sono l’intellettualizzazione del nostro auto-compiacimento che così giustifica e normalizza la sua esistenza.
The fallacy of endless economic growth
Article / 27th March 2018There’s enough stuff to go around, enough for everyone to share in a decent life, so long as we all agree not to want too much. But that implies a process of social maturation on a scale never before seen. Because in order to retain our humanity in the face of limits, we have to confront inequality head on, writes Christopher Ketchammay for Pacific Standard.
Developing countries at risk from US rate rise, debt charity warns
News / 19th March 2018The expected rise in US interest rates will increase financial pressures on developing countries already struggling with a 60% jump in their debt repayments since 2014, a leading charity has warned.