The World Bank and its ‘new’ Poverty Approach Francine Mestrum* ‘We should strive to eradicate absolute poverty by the end of this century’ said World Bank President Robert McNamara in 1973 at the annual meeting of the Bretton Woods Institutions. As we know, at …
Towers Watson, EIOPA, PKA, IMF, John van Markwijk, Environment Agency, Credit Suisse, Townsend
Dear Dr Hazel Henderson Today’s top stories Brussels unlikely to base IORP on any of three QIS scenarios, says Towers Watson EUROPE – Consultancy notes differing impact of scenarios, with one resulting …
Winner Takes All: The Super-priority Status of Derivatives
Posted on April 9, 2013 by Ellen Brown Cyprus-style confiscation of depositor funds has been called the “new normal.” Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including …
New Bretton Woods Update (No.85) March/April 2013 out now
Bretton Woods Update No. 85 March/April 2013 PDF version Please find below the highlights of the Bretton Woods Update No. 85(March/April 2013). BRICS challenge IFIs: Out of the frying pan into the fire? Large middle-income countries jointly initiated alternatives to the World Bank and IMF in March, but advocates are …
How Congress Could Fix Its Budget Woes, Permanently
How Congress Could Fix Its Budget Woes, Permanently Ellen Brown http://WebofDebt.com/articles February 8, 2013 As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn’t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and …
New Bretton Woods Update (No.84) Jan/Feb 2013 out now
Bretton Woods Update No. 84 January/February 2013 PDF version | At Issue PDF | text version Please find below the highlights of the Bretton Woods Update No. 84(January/February 2013). We have also launched a new At Issue briefing, The World Bank on Jobs: a “significant departure” or “business as usual”? by Public World’s Brendan Martin. forest …
January Update – New Rules for Global Finance
New Rules Newsletter January 2013 This year begins with promising rhetoric from the IMF managing director and the Financial Stability Board (FSB) Plenary meeting – outlining the goals and challenges of macroeconomic policy and global financial regulations. At the IMF’s press briefing for the new year, Christine Legarde identified several …
New World Bank president: what’s on the agenda?
Bretton Woods Update No. 80 March/April 2012 New World Bank president: what’s on the agenda? An unprecedented competition for the presidency of the World Bank, with two highly experienced developing country candidates nominated in addition to the US candidate, has raised demands for reform of the Bank’s approach to middle-income …
What the Greek Rescue is Really About
The Daily Reckoning Presents What the Greek Rescue is Really About Dan Denning In today’s Daily Reckoning, we’ll do something we can barely stand to do: we’re going to write one more time about Greece. If you can stand to read it, you may come to the same conclusion we …
Capital Account Regulations for Stability and Development: A New Approach
New Rules Spotlight on a New Report Capital Account Regulations for Stability and Development: A New Approach By Kevin P. Gallagher, Stephany Griffith-Jones and José Antonio Ocampo November 2011 In the wake of the financial crisis numerous emerging market and developing countries have been deploying what have traditionally been referred …