BOOKS: “The End of Loser Liberalism” and the Free Market Myth

The top one percent of earners in the United States now controls over 40 percent of the nation's wealth, their income steadily rising while much of the country earns less than what it did a decade ago and an all-time high of 46 million Americans now live below the official poverty line.

Barroso: Greece Will Remain in the Eurozone

Greece will remain in the eurozone but must meet its reform commitments in full, Jose Manuel Barroso, the head of the European Commission, has said.

How to Nurse the Unemployment Epidemic

At a meeting in the suburb of Carthage, just outside of Tunis on Nov. 18, 2008, the former head of the International Monetary Fund (IMF) Dominique Strauss-Kahn applauded the economic efforts of the now deposed Tunisian dictator Abidine Ben Ali, calling his policies "sound, the best model for emerging countries".

Emerging Markets Hit Economic Stage Like a Tonne of BRICS

Headlines this week have been saturated with protests against unaffordable food, unfair taxes and unsustainable austerity measures, with one distinct difference setting these stories apart from countless others in recent history.

MALAWI: Markets Torched Ahead of Cancelled Protests

Soot and ash filled the air the day after a fire gutted Malawi's Blantyre Market. Men and women merchants wore solemn expressions as they shovelled piles of debris from the site on Tuesday.

ROMANIA: Fixing the Economy, Not Lives

The economic crisis has led Romanian authorities to take some of the toughest austerity measures in Central and Eastern Europe. While no big opposition movement emerged as a result, a special kind of protest has taken place: some have committed suicide to get their messages across.

World Bank, IMF Face Shifting Development Paradigm

Amid a global financial crisis that has shown little signs of reversing, next week's fall meetings of the International Monetary Fund and World Bank are crucial in setting the tone for rebounding world markets, to which leaders of the Bretton Woods institutions offered optimistic, yet ultimately vague, solutions in speeches this week.

SWAZILAND: No Fees No School

The future education of Swazi children remains uncertain, as public schools across the country have not reopened for the new term because government has not been able to pay for their upkeep.

DEVELOPMENT: France Steps Up Support for Financial Transaction Tax

If governments could find trillions of dollars to support banks and the global financial system in 2009, why can't they raise enough money to help eradicate extreme poverty? This is the question that supporters of a financial transaction tax (FTT) are asking in France, as lawmakers debate introducing such a levy to help fund development at home and abroad.

U.S. Residents Poorer, Earning Less, and Less Insured in 2010

According to data released Tuesday by the U.S. Census Bureau, 2.6 million more people slipped into poverty in 2010, placing the number of U.S. residents living below the poverty line at 15.1 percent.

MALAWI: Government Becomes a One-Man Show

For the last two weeks, Malawi’s president has been running the country’s 22 ministries on his own after firing his entire cabinet. But political and economic analysts say that his delay in appointing a new cabinet is detrimental to the country’s development. Some analysts say government has come to a standstill because of this, while others say the situation shows that the president has lost control.

EUROPE: Some Rich Want to Get a Little Less Rich

In the face of the severe sovereign debt crisis in most industrialised countries, some extremely rich people are urging governments to increase taxes on wealth.

First Federal Reserve Audit Reveals Trillions in Secret Bailouts

The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations.

China, India Score With Untied Aid

Armed with a smile, Don Marut exposes the pitfalls of Western aid to developing countries. At a conference here, the Indonesian recalled the story of how 40 electric-train carriages were sent from Germany to his country for a journey to nowhere.

KENYA: Poor Struggle as Inflation Soars

As Kenya's inflation rate reached 15.53 percent, compared to 3.18 percent in October 2010, the country's poor have been struggling to afford the most basic of essentials. In some areas families can no longer rely on regular meals and have reduced them to one a day, others mostly eat potatoes to get by, and in one Rift Valley slum, poor families now buy toothpaste by the drop.

ECONOMY-ZIMBABWE: Good Policies Make for Good Business

With effective political and economic policies, Africa can be a haven for multinational companies (MNCs) even in the continent's least developed countries.

MALAWI: Giving Up on Tobacco

Malawi is reducing the production of tobacco following huge losses by smallholder tobacco farmers and commercial estates trading the crop on the country’s only official tobacco markets, the auction floors.

GHANA: Guidelines for Unregulated Microfinance Sector

When Andrew Poku's mother passed away he needed help to pay for her funeral. So the 35-year-old teacher from Accra turned to one of the country's several loan companies for a 670-dollar loan.

AFRICA: Emerging Trend Towards Establishing Offshore Tax Havens

As several African governments examine the possibility of setting up their own "offshore" financial centres, the trade name for tax havens, campaigners are calling for transparency and fair tax regimes.

SWAZILAND: Disagreement on How South African Loan Should be Spent

Despite the 2.4 billion emalangeni (342 million dollar) loan from the South African government to its cash-strapped neighbour, Swaziland is sinking deeper into debt.

Eurozone Crisis Could Spill Over into Developing World

When the global economy was hit by a severe recession in 2008- 2009, the negative fallout impacted heavily on the world's developing nations, hindering the U.N.'s key development goals, including plans for the elimination of extreme poverty and hunger worldwide by 2015.