Financial Crisis

Crisis Fuelled Resurgence of Horse-Drawn Carriages in Cuba

Up and down the streets of towns and cities in Cuba go horse-drawn carriages with black leather tops and large back wheels, alongside more simple carts, operating as public transportation.

OPINION: Rousseff Re-elected President – What Lies Ahead for Brazil?

The tight race between incumbent President Dilma Rousseff of Brazil’s Workers’ Party and her opponent, Aecio Neves from the centre-right Brazilian Social Democracy Party (PSDB) party, ended on Sunday, Oct. 26 with the re-election of Rousseff.

The Invisible Reality of Spain’s Homeless

“It’s easy to end up on the street. It’s not because you led a bad life; you lose your job and you can’t afford to pay rent,” says David Cerezo while he waits for lunch to be served by a humanitarian organisation in this city in southern Spain.

Zimbabwe’s Rich Fuel Inequality Through Illicit Financial Flows

Zimbabwe has lost 12 billion dollars in illicit financial flows over the last three decades and experts say this illegal practice is perpetuating social inequalities and poverty in this southern African nation.

Put People Not ‘Empire of Capital’ at Heart of Development

President Rafael Correa Delgado of Ecuador does not mince words when it comes to development. ”Neoliberal policies based on so-called competitiveness, efficiency and the labour flexibility framework have helped the empire of capital to prosper at the cost of human labour,” he told a crowded auditorium at the 15th Raul Prebitsch Lecture.

Central Asia Hurting as Russia’s Ruble Sinks

Pensioner Jyparkul Karaseyitova says she cannot afford meat anymore. At her local bazaar in Kyrgyzstan’s capital, Bishkek, the price for beef has jumped nine percent in the last six weeks. And she is not alone feeling the pain of rising inflation.

OPINION: Europe is Positioning Itself Outside the International Race

The new European Commission looks more like an experiment in balancing opposite forces than an institution that is run by some kind of governance. It will probably end up being paralysed by internal conflicts, which is the last thing it needs.

Mass Deportations Don’t Squelch Migration Dreams of Hondurans

The clock marks 9 AM when a bus coming from the Mexican city of Tapachula reaches Corinto, on the border between Honduras and Guatemala. It is the first bus of the day, carrying children and their families sent back from a failed attempt at making it across the border into the United States.

Criminalisation of Homelessness in U.S. Criticised by United Nations

A United Nations panel reviewing the U.S. record on racial discrimination has expressed unusually pointed concern over a new pattern of laws it warns is criminalising homelessness.

Will Climate Change Denialism Help the Russian Economy?

The recent call from Russian Prime Minister Dmitry Medvedev for “tightening belts” has convinced even optimists that something is deeply wrong with the Russian economy.

Amid Crisis, Puerto Rico’s Retirees Face Uncertain Future

A feeling of insecurity has overtaken broad sectors of Puerto Rican society as the economy worsens, public sector debt spirals out of control, and the island's creditworthiness is put in doubt.

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt.

Going Back to the Farm in Cuba

Scattered houses amidst small fields of vegetables and other crops line the road to the La China farm on the outskirts of the Cuban capital. This is where Hortensia Martínez works – a mechanical engineer who has been called crazy by many for deciding to become a small farmer.

Child Malnutrition Doesn’t Take Vacation in Spain

It’s two in the afternoon, and María stirs tomato sauce into a huge pot of pasta. School is out for the summer in Spain, but the lunchroom in this public school in the southern city of Málaga is still open, serving meals to more than 100 children from poor families.

Cuba’s Balsero Crisis Still an Open Wound, 20 Years On

Tears, silence and evasive responses are the reactions from Cubans when they are asked about the “balseros” or rafters crisis; two decades after an exodus without parallel in Latin America, it remains a taboo subject in this Caribbean island nation.

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