|
The Global Financial System in Crisis |
|
|
|
|
by Walden Bello
Speech at the Seminar on "Dismantling Obstacles to Advancing Development Agenda and Accountability," People's Development Forum, Bahay ng Alumni, University of the Philippines, 25 March 2008.
I have been asked to address the issue of the international financial architecture that provides the context for aid flows.
My response is what architecture? In fact, we now stand on the brink of what former US Federal Reserve Chairman Alan Greenspan last week characterized as possibly the worst economic crisis since the Second World War because of the lack of architecture or structure to govern global capital flows. The so-called subprime mortgage crisis that has resulted so far in losses of some $400 billion and threatens a chain reaction of collapsing financial institutions globally is the end product of a process of deregulation of financial markets that began during the Reagan-Thatcher era. This is the latest of some 100 financial crises in the last 30 years, according to the count of the Brookings Institution.
|
|
Read more >>>
|
|
|
FOP 13 A Mother's Long Walk for Justice |
|
|
|
|
by Judy Pasimio, 17 December 2007
“Pasalubong ha?” said Alvin John, 4 years old, to his mother, Marylou. Pasalubong is a gift one usually brings home from a trip.
This was Marylou’s latest conversation with her only son, when she
called home with the help of Saligan, the law group assisting her.
“Namingaw na mi. (I miss home.) I want to go home now,” said teary-eyed
Marylou.
|
|
Read more >>>
|
|
|
FOP 12 JPEPA Ratification: Threat Economics |
|
|
|
|
by Reneo Ofreneo and Nepomuceno Malaluan, 20 November 2007.
This article was first published in Business World Yellow Pad Column as “Threat Economics”.
In their paper titled “JPEPA: Why the Need to Ratify”, economists Josef
Yap, Erlinda Medalla and Rafaelita Aldaba outlined the arguments in
support of the ratification of the Japan-Philippines Economic
Partnership Agreement (JPEPA). In brief, the arguments include the
following claims: a positive impact on gross domestic product (GDP),
generation of jobs, and poverty reduction. Such impact is expected to
result from greater access to the Japanese market in terms of trade and
movement of natural persons and from declining prices, rising incomes,
and increased Japanese foreign direct investment (FDI). Fail to ratify,
and we lose all these opportunities.
|
|
Read more >>>
|
|
|
FOP 11 Philippines: ’SOPs’ and the Grease Money Administration |
|
|
|
|
by Aya Fabros, 22 October 2007
The past couple of weeks, we’ve been bombarded with news of one
government scandal after another — from the ZTE-NBN deal and golf
meeting offers to the impeachment vote bribes, to the Malacañang brown
paper pabaons. These unfolding series brings together a cast from
various government units, as it bares exchanges among powerful players
including appointed and elected officials. It’s not just the scale of
corruption and the amount of bribes and kickbacks that make the cases
shocking and explosive. It’s also the way that the cases are insidiously
interconnected, rather than separate, isolated incidents. We bear
witness to a trail of kickbacks and bribes, one deal spawning,
requiring, demanding yet another, underscoring the critical engine that
actually drives this government: grease money.
|
|
Read more >>>
|
|
|
FOP 10 An acceptable presence: the new US basing structure in the Philippines |
|
|
|
|
by Herbert Docena
This article was published in three parts by the Philippine Daily Inquirer from 15-17 October 2007.
The Philippines' decision 16 years ago to close down a US
military base made history and marked a significant victory for
anti-base campaigners. But backdoor deals have delivered the largest
ever US military presence. Philippines illustrates the latest strategy of US imperialism to create agile, flexible forces to maintain dominance.
Sixteen
years ago, the Philippine Senate made the historic vote to shut down
what American analysts once described as probably the most important
basing complex in the world -- the US military bases in Subic and Clark, along with other smaller support and communications facilities in the country.
|
|
Read more >>>
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
| Results 55 - 63 of 168 |