Taxing the Wall Street Casino
Report looks at how speculation taxes might have changed the outcome of recent global financial fiascos
Report looks at how speculation taxes might have changed the outcome of recent global financial fiascos
For those of us who want the financial industry to serve people and the planet rather than dominate them, this is the most exciting reform under serious consideration on the world stage.
After one year, it’s hard to point to new global economic policies that are better for people and the planet. But the Obama administration has helped bust open the debate over globalization policies.
Selected quotes reflecting a range of views on the issue from U.S. officials and business leaders.
What does it mean for the global economy when even a city of oil-rich opulence can’t escape the recession?
Migrant workers form the fifth largest country in the world and produce profits equal to the third largest corporation. They should be at the center of any reform of the global economy.
We need to support countries in reducing the pressures that force immigration, and not the corporations that make conditions worse.
What is the G-20? How do their policies affect me? What can we do about it?
The G-20 promotes policies that put profits first through deregulation, privatization, and free trade. Their agenda has harmed working-class communities in the U.S. and around the world, causing job loss, lower wages, poverty, inequality, and environmental destruction.
As part of a five-event series scheduled around the G-20 summit in Pittsburgh, the Institute for Policy Studies, The Nation Institute, and the United Electrical, Radio and Machine Workers of America (UE) are co-sponsoring a panel discussion, featuring Nobel laureate economist Joseph Stiglitz.
Other panelists include:
Emira Woods, Institute for Policy Studies
Miriam Miranda, general coordinator of the Fraternal Organization of Afro-Hondurans (OFRANEH) and representative to the Resistance Front against the coup in Honduras.
Carl Redwood, Jr., Hill District Consensus Group
Rev. John Welsh, president of the Pittsburgh Interfaith Impact Network (PIIN)
Leo Gerard, president and international president of the United Steelworkers of America (USWA)
Moderators: John Nichols, Washington correspondent for The Nation magazineTammy Bang Luu, Labor/Community Strategy Center and Grassroots Global Justice Alliance (GCJ)
This event will be held in Pittsburgh.
The 16th annual Institute for Policy Studies “Executive Excess” report exposes this year’s windfalls for top financial bailout recipients.
Jeff Faux, the founding president of EPI who now lives part of the year in Mexico, and Manuel Pérez-Rocha, of IPS and the Mexican Action Network on Free Trade, will lead a brown-bag discussion on current U.S. economic policy toward our troubled neighbor to the south, the effects of neoliberalism and deregulation, and just alternatives.
Bring your lunch and join the conversation! No RSVP is required. For more information, call (202) 533-2555.
Jeff Faux, Founding President of EPI, now lives part of the year in Mexico Manuel Perez Rocha, Institute of Policy Studies (IPS) and Mexican Action Network on Free Trade
Like an injured German U-Boat, the global economy continues to sink. Columnist Walden Bello asks: Can the G-20 meeting bring it back to the surface before we all perish?
The South American country’s refusal to make ‘immoral and illegitimate’ payments exposes an international financial architecture glitch.
A New York Times editorial advises China to adopt an American-style mass consumer economy that would be a recipe for economic, environmental, and probably political, disaster.
With the world’s most impoverished people bearing the brunt of a crisis they had no role in creating, donor countries should come up with a $300 billion package to cushion the economic shock.
Without bothering to learn from the mistakes that until recently had it desperately seeking a new mission, the IMF again is turning into the world’s financial firefighter.