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Debt and Unemployment: Is Global Capitalism Responsible? – Part I

April 23, 2010
Global capital markets have been footloose and fancy free since the 1980s, boosted by rapid globalization in transportation, communication and technology industries. Prowling for profits, investors leap boundaries in an instant, manipulating growth, jobs and industries. In this series, two...

Nikkei Asian Review: Brexit Moment of Truth

March 22, 2017
Britain will give formal notice March 29 on exiting the European Union. “Britain has suddenly become a place of uncertainty for investors – from Asia and the rest of the world,” explains Humphrey Hawksley for Nikkei Asian Review. “Already, thousands of Asian companies that are integral to the...

South American Tomato Moth Is Stoking Food Security Fears in Nigeria

May 30, 2016
Nigeria struggles with declining oil prices and currency devaluation, but agriculture, representing 30 percent of the Nigerian economy, is also taking a hit: “Africa’s largest economy is facing a food crisis as major tomato fields have been destroyed by a moth, leading to a nationwide shortage and...

In Nouveau Riche India, Even the Poor Show Off

June 11, 2007
A nation that once relied on castes to categorize its citizens can now use possessions to reflect self-worth. Enjoying exploding income growth, consumers in India seek out the latest technology to reflect status. This trend emerges across all socioeconomic levels, with a recent study showing that...

N Korea 'Admits' Nuclear Weapons Programme

October 17, 2002
Confronted with US evidence, North Korea has admitted to developing a nuclear weapons program. The country's admission shows a blatant disregard of a 1994 agreement in which it promised to halt nuclear weapons research, and the issue poses a serious set-back for the global effort to prevent...

Korea Unveils Road Map to Curb Carbon Emissions

December 6, 2016
South Korea has released a detailed action plan to reduce carbon emissions and “boost incentives for renewable energy and cleaner power plant projects,” reports Shin Hyon-hee for the Investor. “It intends to raise the share of renewable sources in its portfolio to 7 percent from the existing 6...

Handling Coronavirus and No Zero Risk: USA Today

February 18, 2020
The world has more than 70,000 confirmed cases of Covid-19. All but a few hundred are in China. The emergence and rapid spread of the new coronavirus, in the same family as the common cold, has alarmed public health officials. Authorities apply a range of controls: Quarantines separate those...

Global Financial System and the Abyss: Bloomberg

March 29, 2020
The United States, with more confirmed COVID-19 cases than other country in the world and a patchwork approach to testing and emergency closures, has not set a good example in slowing the disease's spread. On the other hand, the US Federal Reserve has led in preventing a global economic...
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