Financial Crisis

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.

Did Argentina Default or Not? It’s More Than Semantics

Argentina’s supposed “default”, an unprecedented case in the history of world capitalism, sets a legal, political and financial precedent that indicates the need for concrete measures regarding the fine line between legal, ethical business activities and criminal usury.

Food – Thou Shall Not Waste

“Only two years ago, the soup kitchen was serving 50 meals a day. Today the number has almost doubled and, what is even more worrying, we have started receiving families with children,” says Donatella Turri, director of the Caritas Diocese of Lucca.

Human Development Report Finds South Asia’s Poor on a Knife’s Edge

Millions still live in poverty and even those who have gained the security of the middle-income bracket could relapse into poverty due to sudden changes to their economic fortunes in South Asia, the latest annual Human Development Report by the United Nations Development Programme (UNDP) revealed.

BRICS – The End of Western Dominance of the Global Financial and Economic Order

The sixth BRICS Summit which has just ended in Brazil marks the transition of a grouping based hitherto on shared concerns to one based on shared interests.

Food Insecurity a New Threat for Lebanon’s Syrian Refugees

A declining economy and a severe drought have raised concerns in Lebanon over food security as the country faces one of its worst refugee crises, resulting from the nearby Syria war, and it is these refugees and impoverished Lebanese border populations that are most vulnerable to this new threat.

BRICS Forges Ahead With Two New Power Drivers – India and China

The Sixth BRICS Summit which ended Wednesday in Fortaleza, Brazil, attracted more attention than any other such gathering in the alliance’s short history, and not just from its own members – Brazil, Russia, India, China and South Africa.

North’s Policies Affecting South’s Economies

Since the onset of the crisis, the South Centre has argued that policy responses to the crisis by the European Union and the United States has suffered from serious shortcomings that would delay recovery and entail unnecessary losses of income and jobs, and also endanger future growth and stability. 

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