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Thursday, September 02, 2010 20:28 GMT

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US
New Banking Overhaul More Like An Under-Haul
By Matthew Cardinale
ATLANTA - On July 21, 2010, U.S. President Barack Obama signed into law the most sweeping financial industry regulatory reform since the Great Depression of the 1930s. But, experts point out that the bill does not address some of the real problems behind the structural instabilities of the U.S. economic system.
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Civil Society Watchdogs Crucial in New Global Order
By Beatrice Paez
MONTREAL, Canada - Six hundred delegates from more than 80 countries flocked to Montreal Aug. 20-23 for the CIVICUS World Assembly in search of innovative ways to approach global challenges like poverty and climate change.
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Q&A
"Democracy Deficit Is the Biggest Obstacle to Development"
Beatrice Paez interviews INGRID SRINATH, Secretary-General of CIVICUS
MONTREAL, Canada - Three scenarios were laid before the delegates here attending the CIVICUS World Assembly, a venue that attracts civil society, donors, government and business leaders from every region of the world.
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Q&A
"Women Are the First to Cook and the Last to Eat"
Kumari Karandawala interviews activists from the new INTERNATIONAL WOMEN'S ALLIANCE
NEW YORK - Three hundred women from more than 30 countries converged in Canada last weekend for the Montreal International Women's Conference 2010 (MIWC), with the aim of building a global militant women's movement in the 21st century.
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U.N. Targets "Lost Generation"
By Jennifer Leong
UNITED NATIONS - Even as the U.N. launched the International Year of Youth last week, one of its agencies was warning of a "lost generation" of disillusioned young workers who are unable to find decent jobs.
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ARGENTINA
Limits to Economic Growth Loom
By Marcela Valente
BUENOS AIRES - The Argentine economy is making a rapid recovery after the impact of the global financial crisis last year, but experts warn about the limits to growth, which will reach a ceiling shortly unless investments increase.
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ECONOMY
Rich Countries’ Farm Subsidies Benefiting Royals
By Julio Godoy
PARIS - Subsidies for agriculture in the industrialised countries of the world grew again in 2009, benefiting the largest companies and land owners, such as Prince Albert of Monaco and Queen Elizabeth of Britain.
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HUNGARY
Austerity Fatigue sends IMF Home
Analysis by Zoltán Dujisin
BUDAPEST - Hungarian Prime Minister Viktor Orbán has slapped IMF in the face, shocking an international community used to news of economic difficulties coming from this small Central European nation. But most Hungarians have welcomed it, at least so far.
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GREECE
Society Begins to Crack Under Harsh Measures
By Apostolis Fotiadis
ATHENS - Every working day, more than a hundred people crowd around the entrance of the merchant and passenger boats' reconstruction industry, well known as 'The Zone', in the southern suburb of Attiki.
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Brazilian Immigrants Weather Crisis in Spain
By Clarinha Glock
BARCELONA, Spain - Unlike so many immigrants who have come to Spain in search of jobs and a better standard of living, 39-year-old Flávio José Carvalho da Silva moved to this northeastern Spanish city from his home country of Brazil because he fell in love with a local woman.
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Chinese Show Europeans a New Face
By Antoaneta Becker
LONDON - German Chancellor Angel Merkel's weekend visit to China has put a positive spin on the increasingly complex economic relations between China and the European Union, but the flurry of deals signed has not disguised the fact that Beijing faces challenges over its EU policies both at home and abroad.
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No Sign of Financial Regulation
Analysis by Julio Godoy
BERLIN - More than three years after the start of the financial crisis that brought the world economy to the brink of collapse, the governments of industrialised countries are still struggling to reach a consensus on the minimum regulation required for the operations of international banks and hedge funds.
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AFRICA
Widening Tax Bases "Key to Development and Democracy"
By Julio Godoy
PARIS - African countries should deepen their tax bases to collect more revenues to finance their development, build state institutions and to improve national dialogue and, more generally, their social contracts with citizens.
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Banking panics, recession, loss of market value, deflation. Is the current financial crisis in any way comparable with the Great Depression of 1929? And more importantly, how is it affecting the weakest? IPS brings you worldwide coverage of the impacts of this crisis.