Calls for radical rethink of derivatives body

Ethical MarketsReforming Global Finance

By Gillian Tett Published: August 26 2010 19:45 | Last updated: August 26 2010 19:45 Five years ago, the International Swaps and Derivatives Association held a lavish 20th anniversary dinner among the dinosaur skeletons in London’s National History Museum. The mood was triumphant. No wonder: back then the derivatives market …

Fiscal Austerity and “Third World America”

kristyReforming Global Finance

By Simon Johnson My testimony to the Senate Budget Committee on these issues is available here: http://baselinescenario.com/2010/08/05/its-hard-to-take-the-fiscal-hawks-seriously/. There are three main views of the financial crisis and recession of 2008-9. In the first two views, the debate over the fiscal deficit is quite separate from what happened in the crisis. …

Leading Brazilian Futurist Sees a Shift to a Feminine Economy

kristyReforming Global Finance

By Mario Osava IPS interviews Brazilian feminist ROSE MARIE MURARO RIO DE JANEIRO, Aug 17, 2010 (IPS) – It is necessary to move from a “masculine” economy based on competition and a win-lose mentality to a “feminine” win-win economy based on the concept of collaboration, says writer Rose Marie Muraro, …

Which Party Poses the Real Risk to Social Security’s Future?

kristyReforming Global Finance

Hint: it’s not Republicans. Social Security remains one of the greatest achievements of the Democratic Party since its creation 75 years ago. Although Republicans have historically fulminated against the program (Ronald Reagan once likened it as something akin to “socialism”), they have actually made little headway in touching this sacred …

Homeowners’ Rebellion: “Produce The Note” Defense Picks Up Steam

kristyReforming Global Finance, Community Development Solutions

Ellen Brown August 13, 2010 www.webofdebt.com/articles In a Newsweek article a year ago called “Too Big to Jail: Why Prosecutors Won’t Hit Wall Street Hard in the Subprime Scandal,” Michael Hirsch wrote that we were unlikely to see trials and convictions today like those seen in the savings and loan …

Global Footprint Network: Time for Action is Now

kristyReforming Global Finance, Global Citizen

“GLOBAL ECOLOGICAL FOOTPRINT INDICATOR GAINING TRACTION WORLDWIDE, we congratulate our longtime colleague, Mathis Wackernagel, featured on our TV series in “Redefining Success!” – Hazel Henderson, Ed. This past year has been one of the most exciting in Global Footprint Network’s history. Seven years since our organization’s founding, our efforts to …