You Can’t Taper a Ponzi Scheme: Time to Reboot

One thing to be said for the women now heading the Federal Reserve and the IMF: compared to some of their predecessors, they are refreshingly honest. The Wall Street Journal reported on July 2nd: Two of the world’s most powerful women of finance sat down for a lengthy discussion Wednesday on the …

Frontline’s Astonishing Whitewash of the Crisis

‘YVES SMITH NAILS FRONTLINE!’ Friday, April 27, 2012 Frontline’s Astonishing Whitewash of the Crisis Several of my savviest readers wrote expressing disappointment and consternation with the Frontline series on the crisis, “Money, Power, and Wall Street.” The first two parts of the four part series have been released, and it’s …

Wall Street Confidence Trick: How Interest Rate Swaps Are Bankrupting Local Governments

Wall Street Confidence Trick: How Interest Rate Swaps Are Bankrupting Local Governments Ellen Brown http://WebofDebt.com/articles March 20, 2012 Far from reducing risk, derivatives increase risk, often with catastrophic results. — Derivatives expert Satyajit Das, Extreme Money (2011) The “toxic culture of greed” on Wall Street was highlighted again last week, …

European Parliament seals ban on ‘sovereign debt speculation’

News European Parliament seals ban on ‘sovereign debt speculation’ 15 Nov 2011 EUROPE – The European Parliament has voted into law a regulation to curb short selling and trading in credit default swaps (CDS). With the vote, naked CDS trading – the purchase of default insurance contracts without owning the …

Transforming Finance To Grow Green Sustainable Economies

TRANSFORMING FINANCE TO GROW GREEN SUSTAINABLE ECONOMIES By Hazel Henderson (*) SAINT AUGUSTINE, FLORIDA, Oct (IPS) “We recognize finance as part of the global commons,” affirms the Transforming Finance statement, signed by financial professionals worldwide critical of today’s casino capital markets. Financialization has produced the global debt bubble. Needed now …

Transforming Finance to Grow Green Sustainable Economies

SYNDICATED DISTRIBUTION TO 200 CLIENTS IN ASIA, EUROPE, LATIN AMERICA AND AFRICA. For information on subscribing to IPS Columnist Service, Rome, contact Pablo Piacentini at HYPERLINK “mailto:[email protected]” \o “blocked::mailto:[email protected][email protected], fax 39-06-4817877, or his assistant Francesca Buffo at [email protected]  For permission to syndicate or reprint contact: Pablo Piacentini at HYPERLINK …

SHIFTING CLIMATE POLICIES FROM CO2 EMISSIONS TRADING TO GREEN INVESTMENT

By Hazel Henderson The UN Framework Convention on Climate Change (UNFCCC) facing political inaction over rising carbon dioxide (CO2) levels from fossil fuel burning – sees solar, wind and other renewable energies as the way forward.  Successive stalemates at climate summits in Copenhagen (2009) and Cancun (2010) have led to …

AS KYOTO EXPIRATION NEARS, EMISSIONS TRADING SHOWN INEFFECTIVE

For InterPress Service, reprinted by special permission By Hazel Henderson © 2011    www.hazelhenderson.com The UN Framework Convention on Climate Change (UNFCCC) facing political inaction over rising carbon dioxide (CO2) levels from fossil fuel burning – sees solar, wind and other renewable energies as the way forward.  Successive stalemates at …