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By Eugene Jarecki
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By Chris Abani
$11.70
$22
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epicharmus (CC BY 2.0)
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On the occasion of the collapse of the European emissions trading scheme, Guardian environment correspondent George Monbiot explains why markets are no substitute for governments, especially when it comes to avoiding global warming, one of the worst mass disasters humankind will yet see.
Posted on Apr 23, 2013
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AP / Wong Maye-E
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In a spare-no-one, off-the-cuff critique, former Federal Reserve Chairman Paul Volcker delivered a blistering analysis of the nation’s financial system Thursday, criticizing banks, regulators, business schools, the Fed and money-market funds in a “plea for structural changes in markets and market regulation.”
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Debra Satz’s new book, “Why Some Things Should Not Be for Sale,” raises timely and morally difficult questions about capitalism and free choice and collective and individual rights.
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Flickr / eflon
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Coming only a year too late to the party, Fed Chair Ben Bernanke has asserted that regulators must be “significantly tougher” on the large financial firms, arguing that the perception of those institutions as “too big to fail” threatens competition in the financial markets.
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foxnews.com
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With all the negativity in the ether regarding the stability of the world economy, it’s surprising that the International Monetary Fund took so long to throw its two cents into the fray. Never the fund to disappoint, the IMF issued a report Wednesday that warns of a pending global downturn following the U.S. credit crisis, as confidence falters in finance and credit markets around the world.
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boston.com
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The World Trade Organization talks in Geneva finally imploded Wednesday, as negotiations over farm subsidies and labor standards collapsed into an immovable standstill between wealthy and poorer countries. The talks, defended heavily by the “developed world,” are seen by critics as an instrument to serve corporate interests.
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news.bbc.co.uk
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Stock markets across the world Monday suffered the worst losses since Sept. 11, 2001. The drop prompted analysts to theorize that investors have major doubts about the ability of the proposed stimulus package to mend the American economy.
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The company’s motto is “Don’t be evil,” but analysts say Google’s cash-motivated actions translate into Chinese as “Don’t be poor.” | story
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After Oklahoma Disaster, Give Thanks to Government
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