Financial Crisis

Q&A: U.S. Women’s Commissions Under the Budget Axe

State and local Commissions on the Status of Women (CSW) are facing shrinking budgets and even total elimination at a time when women are some of the hardest hit by the financial crisis, says Susan Rose, vice chair of Human Rights Watch's Santa Barbara Committee.

Swaziland’s Cooperatives No Threat to Banks

Nomsa Tsabedze is one of the many people at the Bunye Betfu, Buhle Betfu Credit and Savings Cooperatives waiting to apply for a loan to pay for her children’s school fees.

Anger Boils Over as Ranks of Jobless Youth Swell

When images of North London's gutted and burning buildings, broken shop windows and refuse-lined streets appeared on TV screens and front-page headlines during the four-day Tottenham riots last August, many dismissed the damage as the work of "hoodlums" and "delinquents".

Cameroon’s Economy Suffers as Boko Haram Infiltrates Country

Ahmadou Lamine has been forced to close his business selling fuel imported from Nigeria, known locally as "zoa-zoa", because of the Islamic extremist group Boko Haram.

EUROPE-DEVELOPMENT: The “Indignados” Still Have Wind in Their Sails

Months of protest across the European Union, sparked by ‘indignant’ youth demanding an end to the brand of free market capitalism that has blighted the continent with an unemployment epidemic, finally bore fruit on Jan. 30 when Jose Manuel Barroso, president of the European Commission, proposed an ambitious jobs scheme.

New Rule Puts Brakes on U.S. Public Housing Demolitions

Earlier this week, the U.S. Department of Housing and Urban Development (HUD) announced the publication of a new notice which significantly tightens its procedures for the processing of public housing demolition applications by local housing authorities.

UNICEF Funding Falls Short Leaving Millions of Children at Risk

If the United Nations Children’s Fund (UNICEF) had 1.28 billion dollars it could help 97 million people around the world.

Malawi’s Consumers Have a Right to Fuel and Forex Black Market

The black market for foreign exchange and fuel is booming in the midst of an acute scarcity in Malawi. The shortage is so severe that even the Consumer Association of Malawi, an influential consumer rights body, has come out in support of the black market.

Political and Economic Turmoil Threaten Women’s Progress

As UN Women celebrated its first birthday, its executive director Michelle Bachelet stressed that political upheveal and shrinking budgets are no excuse to push back the hard-won gains made by the women's movement globally.

Once a Food Chain, Now a Corporate Supply Chain – Part 2

While Indian retailers are losing sleep over the possible entrance of multinationals like Walmart into the dense South Asian consumer market, very little thought has been given to the Indian small farmer, who stands to lose even more at the hands of the world's biggest commercial food retailer.

Occupy DC Protesters Stay Put Amid Eviction Threats

Two days after some 400 people were arrested during a protest organised by Occupy Oakland on the U.S. west coast, members of Occupy DC say they have no plans to leave despite the threat of police action.

PORTUGAL: Going Underground in Hard Times

The underground economy in Portugal is booming thanks to the steep increases in taxation and prices demanded by a "troika" of international creditors to address the country's economic crisis.

ICELAND: Recovering Dubiously From the Crash

Three years ago, thousands of Icelanders were standing outside Iceland’s parliament building chanting "incompetent government" in an attempt to bring down the conservative government that had been seen as responsible for the collapse of the country’s banking system.

ZIMBABWE: To Yuan or Not to Yuan, That is the Question

From downtown shops that stock cheap clothing and shoes that fall apart after one wear, to mining concessions in platinum, gold and diamonds - the Chinese finger is now in virtually every Zimbabwean pie.

U.S.: “Money Isn’t Speech, Corporations Aren’t People”

In most mainstream media the words "corruption" and "election fraud" accompany images of makeshift polling stations manned by armed guards in Burma or burning tires beside tattered ballot boxes in South Sudan – the insidiousness of stolen elections and a crumbling democracy is very seldom associated with the United States.

U.S.: A Credit Union to Bail Out People, Not Big Banks

Occupy activists from Wall Street to San Francisco's financial district have dramatised their anger with big financial institutions by blocking JP Morgan Chase Bank doorways, dancing atop Wells Fargo counters, pitching a tent in a Bank of America lobby, hanging banners across Citibank windows, and accompanying the actions with the now-familiar chant "Banks got bailed out, we got sold out."

U.N. Predicts One Billionth Tourist Arrival in 2012

The United Nations, which commemorated the birth of the world's seven billionth baby last October, is predicting the arrival of the one billionth tourist later this year - perhaps in Europe, the United States, South America or Asia.

GREECE: Austerity Plan Breaches Last Line of Defence of Greek Workers

As the Eurozone falls deeper into its sovereign debt crisis, the labour movement in Greece is being cudgelled to its knees by an austerity programme that has so far failed to bring any positive change for the crumbling Mediterranean country.

Woe Betide the Return of the Zimbabwean Dollar

Tinashe Zuze’s story is a typical one of Zimbabwe’s professionals who have shunned formal employment. Instead of working for someone else, Zuze left his job as a bank teller and entered into the world of "wheeling and dealing" in illegal foreign currency.

DEVELOPMENT: Little Tobin, Less Robin

Europe’s apparent failure to forge broad agreement on introducing a financial transactions tax marks the latest setback for organisations counting on a similar worldwide fee to fund development aid in austere times.

HUNGARY: Civil Society Steps in as Opposition

The massive overhaul of Hungary’s political system by the conservative Fidesz party is raising fears the country’s days as a liberal democracy may be numbered. With opposition parties powerless, it is civil society that has awakened to support a more participatory democracy.

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