Is Puerto Rico Going the Way of Greece and Detroit?

Puerto Rican society has been shaken to its foundations by the announcement in February by Standard & Poor's and Moody's credit rating agencies that they had downgraded the island's creditworthiness to junk status.

Soaring Child Poverty – a Blemish on Spain

“I don’t want them to grow up with the notion that they’re poor,” says Catalina González, referring to her two young sons. The family has been living in an apartment rent-free since December in exchange for fixing it up, in the southern Spanish city of Málaga.

Colombia’s Breadbasket Feels the Pinch of Free Trade

“Things are getting worse and worse,” Enrique Muñoz, a 67-year-old farmer from the municipality of Cajamarca in the central Colombian department of Tolima, once known as the country’s breadbasket, said sadly.

Wanted: Foreign Investment in Cuba

A new law opening Cuba up to foreign investment and a shift in the country’s relations with the European Union are aimed at seeking outside support to overcome the chronic crisis plaguing the country since the early 1990s.

U.S. Ukraine Aid Frustrated by IMF Reform Debate

Despite pressure from the Barack Obama administration, Ukraine’s new prime minister, and a veritable who’s who in Washington’s foreign policy and financial establishment, Congress adjourned Friday for a 10-day recess without approving emergency assistance for an increasingly beleaguered and economically bereft Ukraine.

The Rich Complain That we do not Love Them

F. Scott Fitzgerald famously said “The rich are different from you or me”, yet in his days, in the early years of the 20^th century, the rich were not subject to public scrutiny, and were generally an object of envy, not resentment.

New Economic Crisis Engulfing Developing Countries

Several developing countries are now being engulfed in new economic crises as their currency and stock markets are experiencing sharp falls, and the end is not yet in sight.

Emerging Economies – From Easy Money to Hard Landing?

Before the world economy has been able to fully recover from the crisis that began more than five years ago, there is a widespread fear that we may be poised for yet another crisis, this time in emerging economies.

Arab NGOs Warn IMF Against Sharp Cuts to Subsidies

Civil society activists from five Arab countries are urging the International Monetary Fund (IMF) to ease pressure on their governments to reduce food and fuel subsidies until stronger social-protection schemes and other basic reforms are implemented.

New Discontent Surfaces in Bosnia

Thousands of people have rallied in streets of major Bosnian cities since last week, demanding social justice, decent living conditions and resignation of top officials who they openly blame for unprecedented poverty and the country's economic decline.

Recession and Repression Fuel Anger

As Ukraine’s capital experiences the worst violence in its post-Soviet history, some protestors are warning that the festering discontent with the regime which led to the current crisis is unlikely to disappear overnight even if a solution to the current impasse is found.

Troika Becomes the Villain in a Greek Tragedy

A humanitarian crisis is unfolding in Greece and other recession-hit European countries as they undergo harsh austerity measures in exchange for a bailout. At the heart of it is the Troika, say trade unions, civil society and rights activists.

Elites Will ‘Consider Inequality’

With no acute crisis on the radar, this year's Annual Meeting of the World Economic Forum (WEF) will move away from the response mode of the past years and “look for solutions for the really fundamental issues,” its founder Klaus Schwab said at the pre-meeting press conference.

Zimbabwe’s Rocky Economic Start to 2014

Evelyn Mhasi, a qualified nurse, has not worked in her profession for the last seven years. Hiring in several Zimbabwean government sectors, including nursing, remains frozen despite colleges churning out skilled professionals each year.