User: flenvcenter Topic: Economics and Jobs-National
Category: Development :: International Development
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Oxfam reaction to EU Summit: Copenhagen & G20 20.3.2009 Oxfam International RSS main feed

EU heads of state and government met on 19-20 March in Brussels to agree Europe’s position for the upcoming G20 summit in London as well as for the international climate talks

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Stimulus Packages Fail To Charm G-20 15.3.2009 NPR: Sunday
Finance ministers and central bankers from the world's 20 most important economies met in the south of England this weekend, laying out the agenda for next month's G-20 summit in London. The U.S. used the forum to encourage all the major industrialized nations to use stimulus packages to kick-start the world economy, but officials remained cool to the push for more coordinated government spending.
Stimulus Packages Fail To Charm G-20 15.3.2009 NPR News
Finance ministers and central bankers from the world's 20 most important economies met in the south of England this weekend, laying out the agenda for next month's G-20 summit in London. The U.S. used the forum to encourage all the major industrialized nations to use stimulus packages to kick-start the world economy, but officials remained cool to the push for more coordinated government spending.
Rebuttal to Chris Hedges: Stop the Tired Overpopulation Hysteria 14.3.2009 AlterNet.org: Discuss
Raising alarms about overpopulation distracts us from the real environmental tasks at hand and legitimizes top-down punitive policies that hurt women.
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Tax haven crackdown could deliver $120bn a year to fight poverty 13.3.2009 Press releases

Developing countries miss out on up to $124 billion every year in lost income from offshore assets held in tax havens, international agency Oxfam said today ahead of the

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Economist Ha-Joon Chang on "The Myth of Free Trade and the Secret History of Capitalism" 10.3.2009 Democracy Now!
The US government has poured hundreds of billions of dollars into the US economy in the wake of the financial crisis. But what steps are being taken to address the crisis on a global scale? The worldwide financial crisis is forcing some to rethink the neoliberal policies widely blamed for the financial collapse. We speak with University of Cambridge economist Ha-Joon Chang, author of Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism. [includes rush transcript]
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Breakingviews.com: HSBC's rights issue is in place but the timing turns out to be unfortunate as share price drops 10.3.2009 International Herald Tribune: Business
No one falls harder than a hero. HSBC shares plunged 24 percent on Monday in Hong Kong, coming to rest uncomfortably close to the price at which the bank wants investors to buy $18 billion of new shares.
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US Downturn Dragging World Into Recession 9.3.2009 Truthout.com

People wait in an unemployment line in Madrid.

People wait in an unemployment line in Madrid. More individuals are being affected by the financial crisis as the world's economies continue to decline. (Photo: Reuters)

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Global recession could spur unrest, report warns 9.3.2009 Boston Globe: Business
WASHINGTON - The world is falling into the first global recession since World War II as the crisis that started in the United States engulfs once-booming developing nations, confronting them with massive financial shortfalls that could turn the clock back on poverty reduction by years, the World Bank warned yesterday.
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Recession spreads across globe 9.3.2009 MSNBC

Candidates seeking employment tussle for enrolment forms during a job fair, in Hyderabad, India, on Wednesday, Feb. 18.World Bank report predicts the global economy will shrink for the first time since World War II.


Recession hitting poorer nations hard, report says 9.3.2009 San Jose Mercury News: World
The world is falling into the first global recession since World War II as the crisis that started in the United States engulfs once-booming developing nations, confronting them with massive financial shortfalls that could turn the clock back on poverty reduction by years, the World Bank warned Sunday.
Poor nations' gains at risk in global recession 9.3.2009 LA Times: Business
Needs exceed funds of multilateral lenders, World Bank reports. Concerns mount over political stability. The world is falling into the first global recession since World War II as the crisis that started in the U.S. engulfs once-booming developing nations, confronting them with massive financial shortfalls that could turn the clock back on poverty reduction by years, the World Bank warned ...
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World Bank Finance Report Grim 9.3.2009 Washington Post
Developing nations face budget shortfalls of up to $700B in 2009 due to global finacial crisis.

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Developing world may need $700 billion: World Bank 8.3.2009 Boston Globe: Latest
Developing countries could face a financing gap of $270-$700 billion -- equivalent to the latest U.S. economic rescue package -- to help deal with the effects of the global crisis, the World Bank said Sunday.
Financial Leaders Call for Adaptation Resources 7.3.2009 Environmental News Network
Leaders from the world's top development banks acknowledged yesterday that significant research and funding gaps are preventing developing countries from adequately adapting to climate change. Sustainable development initiatives often do not factor for climate change, and without greater resources as part of an international climate agreement, developing countries will not be able to finance climate change adaptation plans, representatives of the World Bank,Asian Development Bank, and Inter-American Development Bank said.
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Financial Leaders Call for Adaptation Resources 6.3.2009 worldwatch.org
Leaders from the world's top development banks acknowledged yesterday that significant research and funding gaps are preventing developing countries from adequately adapting to climate change. Sustainable development initiatives often do not factor for climate change, and without greater resources as part of an international climate agreement, developing countries will not be able to finance climate change adaptation plans, representatives of the , , and said. "We really have to get our acts together," said Ursula Schäfer-Preuss, vice president of knowledge management and sustainable development with the Asian Development Bank, at a climate change summit hosted by the Inter-American Development Bank on Thursday. "Migration in low ...
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A Planet at the Brink 25.2.2009 Truthout.com

    The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife.

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Economic Brushfires for a Planet at the Brink 25.2.2009 Commondreams.org Views

The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife. Someday, perhaps, war may follow.

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A Pandemic of Economic Violence 25.2.2009 Mother Jones
Islands, , are more vulnerable to species extinctions than continents. Could the same be true with economic extinctions? After all, as Rebecca Solnit at this site, the small North Atlantic island of Iceland (pop. 320,000) went bust first in this ongoing, roiling economic crisis. Its economy had been riding high on speculative funny money for years when, in little more than a week in October, all three of its major banks cratered and the country's currency essentially ceased to have value. Not long after, Icelanders hit the streets of their capital, Reykjavik, launching protests, which have . Soon after, the government fell. Just this Saturday, Ireland, another suddenly shaky island, whose economy had been riding high on funny money, saw mass ...
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Too Big Not to Fail? 25.2.2009 Commondreams.org Views

Even if a global economic recovery still eludes us, has President Obama's new team already achieved a stunning turnaround in US economic policy? Or has the administration just been fighting the last war, paying far too much attention to ancient history, special interests and political correctness in its programs to stimulate the economy, fix the banks and providing debt relief to homeowners?

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