ECONOMY-LATAM: Crisis Means Slower Growth Ahead

The financial crisis shaking the United States will have repercussions in the rest of the world, which means "tough times lie ahead for Latin America," the permanent secretary for the Latin American Economic System (SELA), José Rivera, told IPS.

U.S.: Obama Solidifies Lead Amid Turmoil in Washington

With just five weeks before the Nov. 4 presidential elections, Democratic candidate Sen. Barack Obama has built a strong lead that his rival, Republican Sen. John McCain, could find difficult to reverse.

DEVELOPMENT: No "Bailout" for the World's Poorest

As a spreading financial crisis threatens to deepen the economic recession in the United States, the news of an unprecedented 700-billion-dollar bailout package reverberated through the corridors of the United Nations last week as over 100 world leaders gathered in New York for the annual talk-fest: the 63rd session of the General Assembly.

Q&A: Brother, Can You Spare 700 Billion Dollars?

As the U.S. Congress debates the George W. Bush administration's proposed massive bailout of the nation's precarious financial system, the astringent analysis of economist Dean Baker has enjoyed a high profile in the news, the opinion pages and the blogosphere.

BRAZIL: Reform of Global Financial System Needed, Says Minister

A new international financial architecture, based on different rules, is a reform that has long been demanded by different sectors and is now "inevitable" in the face of the "universal and systemic crisis" originating in the United States, says Brazilian Finance Minister Guido Mantega.

ECONOMY-US: National Protests Erupt Over Bailout Plan

The George W. Bush administration's plan to spend hundreds of billions of dollars to rescue giant Wall Street firms from their current financial meltdown has unleashed a spontaneous wave of protests across the United States.

POLITICS: Financial Crisis Likely to Further Erode U.S. Influence

While the White House and U.S. lawmakers hash out final terms of a proposed 700-billion-dollar Wall Street bailout, foreign policy analysts are warning that the current financial crisis could very well hasten the decline of U.S. power and influence overseas.

EUROPE: Uncertain over Containing 'Crazy' Markets

The turmoil in the financial markets and the resulting slump in the global economy has highlighted the stark inequality in the European Union.

ECONOMY: Global Investment Feels Impact of Crisis

The international turmoil and economic slowdown triggered by the U.S. financial crisis are having a major impact on global investment, which will drop 10 percent this year from last year’s record level of 1.8 trillion dollars.

ECONOMY-US: Only Real Fix Is Regulatory, Analysts Say

The blood flowing this week from Wall Street, spilling over into the homes of most citizens and the economies of other countries, raised urgent calls for stricter regulation of major players in the U.S. economy.