|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Saul Landau
$10.20
By T.J. English
$18.45
$17
|
|
|
|
Eric Vernier (CC BY-SA 2.0)
|
Greeks are resisting a combination of government spending cuts and tax hikes—which some believe will result in an unemployment rate of 30 percent—imposed by international bailout creditors.
Posted on Feb 20, 2013
READ MORE 
|
Tax Credits (CC BY 2.0)
|
By Alex Kirby, Climate News Network —
Oil and gas multinationals could lose up to 60 percent of their market value if the world cuts its carbon emissions to limit climate change, according to the world’s second-largest bank.
Posted on Feb 2, 2013
READ MORE 
|
garryknight (CC BY-SA 2.0)
|
An alliance led by former Mexican President Felipe Calderon made a business case for the curbing of global warming to leaders at the World Economic Forum in Davos, Switzerland, this week, saying an unprecedented $14 trillion overhaul would be needed to ensure long-term growth that didn’t wreck the environment.
Posted on Jan 23, 2013
READ MORE
|
AP/Elizabeth Dalziel
|
By Chris Hedges — Humans must immediately implement a series of radical measures to halt carbon emissions or prepare for the collapse of entire ecosystems and the displacement, suffering and death of hundreds of millions of the globe’s inhabitants, according to a report commissioned by the World Bank.
Posted on Nov 26, 2012
READ MORE
|
watersecretsblog.com
|
The entire planet will be hurt by climate change, but a bleak new report says some of the poorest countries will feel its effects the most.
Posted on Nov 19, 2012
READ MORE
|
jmayrault (CC BY 2.0)
|
On the eve of a eurozone summit that will consider a unified continental budget, French President Francois Hollande said that his half of the Paris-Berlin crisis team will insist on an easing of German leader Angela Merkel’s hard push for “austerity and the surrender of national powers to tighten fiscal discipline,” The Guardian reports.
Posted on Oct 17, 2012
READ MORE
|
Flickr / U.S. Embassy New Zealand
|
At a regional conference this week, Secretary of State Hillary Clinton pledged almost $300 million to the governments of Central America during 2011 to aid in their efforts to oppose cartels and others involved in the region’s violent, illegal drug trade. (more)
|
Flickr / ILRI
|
American universities are reportedly using endowment funds to buy and lease vast tracts of African farmland, often for piddling prices, in deals that will reward foreign investors handsomely while separating tens of thousands from their homes and farms and providing little or none of the economic benefits promised them, California researchers say.
|
news.bbc.co.uk
|
With rising food prices and soaring unemployment wreaking havoc across the developing world, World Bank President Robert Zoellick has some dreary news, declaring that the world is “one shock away from a full-blown crisis.”
|
Jorge Andrés Paparoni Bruzual (CC-BY-SA)
|
Food prices shot up 36 percent in the last year, according to the World Bank, adding 44 million people to the ranks of the impoverished. For people who spend most of their money on food, it’s devastating when the price of maize, to take one example, goes up 74 percent as it did this year. (more)
|
guardian.co.uk
|
Other international emergencies have clearly occurred in the 10 days since the catastrophic earthquake and tsunami hit Japan, but the crisis hasn’t ended in one country just because the news cameras have roamed elsewhere in the meantime.
|
Wiki Commons / Steve Jurvetson
|
A World Bank report, held from public view for several months, finds strong evidence that increased production of biofuels such as ethanol has caused a sharp climb in the price of foodstuffs worldwide. “The report stands as a blistering rebuke to the Bush’s administration’s unchecked biofuel boosterism,” argues environmental writer Tom Philpott.
|
flickr.com
|
While supporters of the much troubled Doha Round of the World Trade Organization believe talks may have found their second wind, only the world’s largest economies seem to be breathing. The form of capitalism supported by these countries is resisted by poorer nations, which rightly fear WTO deregulations would disproportionately benefit the wealthy.
|
namtheun2.com
|
The World Bank is being criticized for a persistent lack of environmental focus in an internal review of its lending activities. The new report rails against the environmental degradation caused by many bank-funded projects in poor countries that harm local communities in the name of “development.”
|
treehugger.com
|
While environmentalists and opponents of foreign oil may have found common cause in the use of biofuels, a new, confidential World Bank report estimates that the recent increase in plant-based fuel production has actually contributed to a 75 percent rise in global food prices, sparking riots across the world and pushing millions beneath the poverty line.
|
picasaweb / gohaitimission
|
The U.S. is under heavy criticism by human rights groups for withholding funds for clean water projects in Haiti as leverage for U.S.-led political reform in the country. A total of $54 million in loans to Haitians—70 percent of whom already lack daily access to potable water—is being delayed.
|
blog.kir.com
|
By Mark Engler —
How has the Bush administration changed the world economically, and what it will mean for the next administration? Also, if Bush-style “imperial globalization” is rejected in January, what will American ruling elites try to turn to—Clinton-style economic globalization?
|
treehugger.com
|
Following the string of economic crises across the globe, financial elites are planning to meet in Washington this weekend to address how to resolve the problems of global capitalism. Notably missing from the proceedings is any representative from the developing world.
|
|
Now that Paul Wolfowitz has resigned his post at the top of the World Bank— blaming the media for his ultimate downfall—President Bush has found his successor in former Deputy Secretary of State Robert Zoellick, who will take over as bank president at the end of June.
|
|
By Andy Borowitz — The satirist jokes that George W. Bush, recognizing Paul Wolfowitz’s uncanny ability to blow it, has decided to appoint the former Iraq war salesman and World Bank scandal magnet as the president of al-Qaida.
|
AP Photo / Sang Tan
|
With Paul Wolfowitz soon to be between jobs, the task of finding his successor as World Bank president is under way, and, according to at least one bank insider, outgoing British Prime Minister Tony Blair (above) may be a prime candidate.
|
nytimes.com
|
Paul Wolfowitz will resign as president of the World Bank, effective June 30. He continued to insist that he behaved ethically while arranging a major raise for his girlfriend, but an internal investigation at the bank found otherwise.
|
AP Photo/Mohammed Ibrahim
|
The Bush administration is pushing to save World Bank President Paul Wolfowitz’s job after a committee comprised of seven of the bank’s 24 board members released a 52-page report slamming Wolfowitz for his “questionable judgment and a preoccupation with self-interest,” primarily for using his position to advance that of his girlfriend.
|
|
By Andy Borowitz — The satirist reports that the World Bank president’s girlfriend no longer feels she can function effectively in that role and has decided to start seeing other banks.
|
AP Photo
|
By Robert Scheer — It’s no wonder that an administration that celebrated and rewarded liars and opportunists would produce the likes of Paul Wolfowitz, who followed up the Iraq disaster with a scandal at the World Bank, and George Tenet, who held his tongue until the price was right. But how do they sleep at night?
|
AP Photo/Pewee Flomuku
|
World Bank President Paul Wolfowitz’s job may hang in the balance after a panel made up of almost a third of the bank’s board members found him guilty of inappropriately pulling professional strings and lining up a hefty pay raise for his girlfriend, Shaha Ali Riza, two years ago.
|
|
Jon Stewart offers his take on Condoleezza Rice’s impending awkwardness with Iran and Paul Wolfowitz’s World Bank shenanigans.
|
|
By Joe Conason — By appointing corrupt and incompetent cronies to represent the United States, the Bush administration has damaged more than America’s reputation, weakening the international organizations the world depends on now more than ever.
|
|
By Andy Borowitz — The satirist writes that the most improbable aspect of the Wolfowitz scandal is that the World Bank president actually has a girlfriend.
|
|
Jon Stewart swings away at the Wolfowitz scandal: “Last week it was disclosed Wolfowitz had used his influence to get a promotion and a raise for his longtime paramour, World Bank employee Shaha Ali Riza—considered to be a foremost expert on the Middle East. Which means—you know what they say—opposites attract.”
Posted on Apr 18, 2007
READ MORE 
|
AP Photo / Charles Dharapak
|
By Robert Scheer — Paul Wolfowitz, the former deputy secretary of defense who helped sell a stupid war, now finds himself in a bit of trouble. As head of the World Bank, he secured a cushy pay raise for his girlfriend, lied about it and alienated his staff in the process. Not to worry—President Bush still thinks he’s doing a bang-up job.
|
|
What a difference a year makes! Let’s review: Here’s what Paul Wolfowitz said about ending corruption at the World Bank in early 2006, about 14 months before news of his very own corruption scandal broke.
|
|
As head of the World Bank, Paul Wolfowitz cut off funding to nations he deemed corrupt—but then corruptly rewarded his girlfriend, Shaha Riza, with a plum job. Now he’s feeling pressure to resign from higher-ups within the organization.
|
foei.org
|
Paul Wolfowitz has a girlfriend? Sorry, the real news story here is what she is being paid and whether she was improperly advanced at the World Bank, headed by Wolfowitz. The questions arise in the midst of an anti-corruption campaign launched by Wolfowitz at the World Bank.
|
warc.jalb.de
|
A new report by the World Bank’s Independent Evaluation Group criticizes the international lending organization for failing to alleviate global poverty with programs that focus too single-mindedly on growth. The bank estimates that 1.1 billion people subsisted on less than $1 per day in 2001. (h/t: Common Dreams)
|
AP / George Osodi
|
By Gbemisola Olujobi — As more women show up in Africa’s corrupt corridors of power, the beleaguered continent may end up benefiting from their particular brand of tough love.
|
From spiegel.de
|
Paul Wolfowitz, one of the architects of the Iraq war, has appointed many apparently unqualified Republican loyalists to high positions at the international agency. “The bank is stewing with discontent.” | story
|
|
Remember when that genius Paul Wolfowitz told Congress that Iraqi oil would more than cover the cost of the occupation? Oops, we need $120 billion more just to get through this year. And Bush made this guy the head of the World Bank? | story
Posted on Feb 3, 2006
READ MORE
|
View the most popular tags overall?
|
|
Quelle Surprise! Haiti on the Mend
Newsletter 
Like Us
Follow Us
Get Our Feed
