Financial Crisis

Aid Not Effectively Reaching Africa’s Poor

Kenyan tea and coffee farmers remain disgruntled about the minimal profits they make selling their cash crops, the country’s leading foreign currency earners, as the government receives millions in funding for training and subsidies that most of these farmers are yet to see materialise.

SPAIN: Socialist Defeat Could Give Rise to a New Left

The crushing defeat suffered by Spain's governing socialist party may pave the way for the emergence of a new alterative left capable of standing up to the centre-right People's Party (PP), which won a landslide victory in Sunday's elections.

Occupy Oakland Rallies Amid Anger over Pepper-Spraying of Students

Twice evicted from its encampment just outside city hall, Occupy Oakland sprung back to life Saturday, erecting a new three-dozen-tent camp and defying multiple city warnings that lodging in public spaces would not be tolerated.

China Confronts its Own Greece

Europe has its Greece moment and China has its Wenzhou crisis. When European leaders were calling on China to step in and provide a lifeline to the eurozone by investing in its bailout programme, voices inside China were saying Beijing should save Wenzhou and forget about Europe.

U.S.: Occupy Movement Pushes Back in Coordinated Day of Action

Tens of thousands of people in hundreds of cities across the country flooded streets, public squares and university campuses in the largest nationwide action since the first group of occupiers set up its encampment in New York City exactly two months ago Thursday.

U.S.: Occupy Cal Students Revive Camp After Police Clubbing

Occupy Cal students were clubbed by baton-wielding university police Nov. 9 - with beatings captured on video - when they linked arms and refused to disband the tent camp they had erected on the University of California, Berkeley campus.

CHINA: Only Business Occupies Shanghai

As China's financial centre and a pinnacle of domestic wealth, Shanghai could have been in the forefront of a home-grown movement against income disparity of the like sweeping New York's Wall Street and London's City.

U.S.: Occupy Wall Street Activists Vow to Fight On

After two months of holding New York City's Zuccotti Park despite repeated threats of eviction, Occupy Wall Street (OWS) activists were forcibly removed from the site by hundreds of police in riot gear early Tuesday morning.

ECONOMY-PORTUGAL: Side Effects of IMF Medicine

A European Union economic forecast for 2012 indicates Portugal is the EU country that will grow the least.

A member of Occupy Oakland attempts to defuse a confrontation with police on Oct. 25, the afternoon after the first eviction. Credit: John Jernegan/IPS

U.S.: Divide Emerges over Bounds of Occupy Protests

On Nov. 2, the day of Occupy Oakland's General Strike, the streets were filled with chants and music and the sounds of people speaking in the many tongues of Oakland residents.

Nassir Abdulaziz Al-Nasser, President of the U.N. General Assembly, addresses the GA at the launch of the International Year of Cooperatives. Credit:  Devra Berkowitz/UN Photo

U.S.: Frustrated with Big Banks, More Turn to Cooperatives

The number of people flocking to cooperative banks has recently skyrocketed in the U.S., with 650,000 people joining credit unions just since late September. Their rationale: financial cooperatives offer a more secure and socially just alternative to big commercial banks – or a way for the 99 percent to fight the one percent.

Papademos Named Greek Prime Minister

Greek party leaders have agreed to name Lucas Papademos, a former European Central Bank vice-president, as prime minister of a new interim government until early elections, the president's office said.

Global Crisis Makes U.N. Reform Imperative

Reinventing the United Nations is crucial to protect the poorest inhabitants of the planet, at a time when the global economic crisis, the effects of climate change, and food insecurity are undermining development efforts.

China Looks at Life After Euro

If Chinese detractors of liberal democracy and unbridled market development ever needed more fodder for their attacks on the West, then last week's Greek farce provided plenty. But behind the headlines announcing "the collapse of Europe" there is little sense of ideological triumph. Instead Beijing is busy drawing up contingency pans for the break up of the eurozone and absorbing the lessons of welfare state excesses.

Activist Mary Clinton is looking ahead to the next stage of the movement and the critical issue of engaging young people. Credit: Sandra Siagian/IPS

U.S.: Occupy Activists, Union Leaders Find Common Cause

When Mary Clinton, 25, joined other activists to help organise the Occupy Wall Street movement on Sep. 17, she never imagined the gamble would turn into a "populist left movement of the 21st century".

Heraldo Muñoz Credit: José Domingo Guariglia/IPS

Q&A: “Reducing Inequality Should Be a Political Priority”

According to the Human Development Report 2011 released by the United Nations Development Programme (UNDP) this week, Latin America remains the region with the highest income inequality, even as the situation has improved in countries like Argentina, Brazil, Honduras, Mexico and Peru.

French honour guards at the G20 Summit at the Palais des Festivals in Cannes, France. Credit: UN Photo/Evan Schneider

At G20 Summit, Civil Society Demands ‘People First, Not Finances’

While the 20 heads of state of the Group of 20 (G20) industrialised and emerging countries gather in southern France to deliberate on the future of the global economy – particularly the crises unfolding in the Eurozone – pockets of activists are amassing around the summit to make their voices heard.

"Occupy Rio" protesters camping out in Cinelândia square.  Credit: Fabíola Ortiz

BRAZIL: “Occupy” Movement Rolls to Rio

Inspired by the movement for real democracy and people's power that has spread to hundreds of cities around the world, young Brazilians in Rio de Janeiro have created their own version of "Occupy Wall Street", dubbed "Occupy Rio".

Demonstrators take over downtown Oakland streets during one of many General Strike marches. Credit: Judith Scherr/IPS

U.S.: Occupy Oakland Shuts Downtown, Port Areas

The early morning sun bounced off of the 150 or so multicoloured tents that crowded into the re-populated Oscar Grant Plaza Wednesday, just one week and one day after police raided the Occupy Oakland camp and evicted its occupants using tear gas, batons and possibly rubber bullets.

Demonstrators surrounding Greek parliament in June to protest austerity plan. Credit: Bego Astigarraga/IPS

Greek Government on Verge of Collapse

The government in Greece is on the verge of collapse as opposition to the Greek prime minister's proposed referendum on more eurozone bailout funds grows.

Demonstrations against austerity measures in Athens in May 2010. Credit:  Nikos Pilos/IPS

GREECE: Austerity Measures Responsible For Athens’ ‘New Poor’

Harsh austerity measures and a struggling economy have given birth to the ‘new poor’ in Athens, a term used to describe those suffering the impacts of social exclusion and rapidly shrinking civic welfare institutions.

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