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Can Banks Drain Your Account To Pay For Their Investment Losses?

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Written by: Ellen Brown, Public Banking Institute

Can Banks Drain Your Account To Pay For Their Investment Loses?

On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking.

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What Will The Next Financial Crisis Look Like and Are We Ready?

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Written by: Barry Eichengreen, University of California, Berkeley

What Will The Next Financial Crisis Look Like And Are We Ready?

The subprime crisis and the subsequent failure of Lehman Brothers came as such a shock – and the repercussions were so severe that when the time came to mount a response, policy makers were as surprised as the rest of us and woefully unprepared.

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Which Is The Best Country To Grow Old In?

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Written by: Asghar Zaidi, University of Southampton

Which Is The Best Country To Grow Old In?

It’s no secret that the global population is ageing. We’re living longer than ever and are healthier until much later in life. But we’re still struggling to adapt to this changing demographic – and some are struggling more than most.

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Global Supply Chains Link Us All To Shame of Child and Forced Labor

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Written by: Martijn Boersma, University of Technology, Sydney

Global Supply Chains Link Us All To Shame Of Child And Forced Labour

The fragmentation of global production has dramatically increased the length and complexity of supply chains. The Organisation for Economic Co-operation and Development (OECD) estimates that more than half of the world’s manufactured imports are intermediate goods.

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How the U.S. Government Could End the Student Debt Crisis Today

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Written by: Raúl Carrillo, YES! Magazine

How the U.S. Government Could End the Student Debt Crisis Today

Instead of loaning students money, the federal government could just pay for their tuition, without causing any significant economic problems. Last month, Lower Saxony became the final state in Germany to abolish tuition for all students at public universities.

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The Incarceration of the American Consumer

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Written by: Ralph Nader

The Incarceration of the American Consumer

How do corporate attorneys sleep at night considering that with the power of their large corporate clients, they often crush the freedoms of workers, consumers and small communities who are trying to break out of a complex web of shackles?

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We Need To Employ A New Economics For The Occupy Generation

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Written by: Wendy Carlin, University College London

We Need To Employ A New Economics For The Occupy Generation

After the global financial crisis in 2008, economics was in disarray. Even the Queen was moved to chide economists for failing to warn about the build-up of debt in households and banks in the major economies and the threat this posed to the global economy.

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200-year Review: Societies Are Richer But Not Always Better Off

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Written by: Daniel Sage, University of Stirling

200-year Review Finds Societies Are Richer, Healthier But Not Necessarily Better Off

Despite enormous economic growth over the past 200 years, developed and developing countries alike are failing to tackle crime and environmental problems, a major report from the OECD has concluded.

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It's Actually The Middle Class and The Poor Who Are The Job Creators

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Written by: Robert Reich

middle class2

Contrary to the dire predictions of opponents, the minimum-wage hike won’t cost Seattle jobs. In fact, it will put more money into the hands of low-wage workers who are likely to spend almost all of it in the vicinity. That will create jobs.

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How China Teaches Her Children Math So Well

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Written by: Zhenzhen Miao and David Reynolds (University of Southampton)

chinese students small

There has been much publicity in recent years about China and its teachers. After the most recent results from the Program for International Student Assessment (PISA) were published in 2013, considerable discussion has focused on the reasons why Chinese students’ test results are more than 100 points above the PISA average.

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Men Need To Get Flexible If New Rules Are To Help Fight For Equality

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Written by: Laura Radcliffe, University of Liverpool

Men Need To Get Flexible If New Working Rules Are To Help Fight For Equality

Since June 30 2014, all UK employees have been granted the right to request flexible working. It is clearly an important step in the battle to achieve some form of balance between our work and non-work lives, but it looks like a tricky battle. Research still shows that there are gaps between the idealised outcomes and realities...

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How Should Social Security Benefits Respond in an Economic Collapse?

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Written by: InnerSelf Staff

How Should Social Security Benefits Respond to an Economic Collapse?

Many people nearing retirement saw much of their savings disappear as the stock market collapsed, house prices plummeted and they lost their jobs during their peak savings years. This meant that millions of workers had to draw down their savings at a point where they had planned to be accumulating wealth for retirement.

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It Ain't Obamacare or Skills: Full Time Nonsense on Part Time Employment

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Written by: Dean Baker, Center for Economic and Policy Research

It Ain't Obamacare or Skills: Full-time Nonsense on Part-Time Employment

Involuntary part-time employment has fallen by 670,000 over the last year, however it's still up by almost 3 million from its pre-recession level. While there would seem to be a very simple and obvious explanation for this one -- weak demand in the economy -- you can't employ many people saying the obvious. Hence we see a lot of nonsense in the media on the topic.

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The Financial Lesson of The Ages Is We Haven’t Learned From History

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Written by: Bob Swarup, The Conversation

The Financial Lesson Of The Ages Is We Don’t Learn From History

In the 4th century BC, Athens and nine other Greek city states defaulted on their loans from the Temple of Apollo at Delos. It was the first recorded financial crisis. Nearly 25 centuries of human evolution, progress and technological advancement later, the modern nation of Greece defaulted in 2012 as a sovereign debt panic seized Europe.

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Can Walkable Urbanism Boost the Economy?

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Written by: Anna Bergren Miller

Can Walkable Urbanism Boost the Economy?

Has the United States finally reached peak sprawl? Recent research, including a new study out of the George Washington University School of Business, suggests that the end of the era of automobile-oriented suburban growth is upon us.

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Poverty Is Not Inevitable: What We Can Do Now to Turn Things Around

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Written by: Dean Paton, YES! Magazine

Poverty Is Not Inevitable: What We Can Do Now to Turn Things Around

Having poor people in the richest country in the world is a choice. We have the money to solve this. But do we have the will? Inequality and poverty are suddenly hot topics, not only in the United States but also across the globe.

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5 US Cities Begin Building Cooperative Economies

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Written by: Community Wealth

5 US Cities Begin Building Cooperative Economies (Jacksonvile, FL)

Recently we have seen, at the level of city government, all around policies designed to build community wealth and encourage the growth of cooperative local economies. The work of grassroots developers, local foundations, community activists, and field builders is beginning to gain a foothold in the world of municipal policy...

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How America's Largest Worker Owned Co-Op Lifts People Out of Poverty

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Written by: Laura Flanders, YES! Magazine

cooperative home sml

Cooperative Home Care Associates has 2,300 workers who enjoy good wages, regular hours, and family health insurance. With an investment of $1.2 million into the cooperative sector, New York City is hoping to build on the group's success.

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4.7 Trillion Is The Estimated Cost Of Ignoring Our Youth

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Written by: The Journalists Resource

4.7 Trillion Is The Estimated Cost Of Ignoring Our Youth

The summer employment rate for U.S. teens held steady at around 50% from 1950 to 2000, but began to decline dramatically in the 21st century. By 2009, it had fallen below 33%. The decline has been most pronounced for more educated and economically advantaged teens.

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Latest Plan to Privatize Post Office Hits Unexpected Obstacle: Customers

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Written by: David Morris, On The Commons

Latest Plan to Privatize Post Office Hits Unexpected Obstacle

The United States Postal Service (USPS) management just ran into a possible game-changing obstacle to its shameful pursuit of a fully privatized post office: labor solidarity.

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New Cooperative Refinances Student Debt with Community Funds

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Written by: Kelly McCartney, Shareable

student debt2

Over the past two decades, the amount of money a college student must borrow to pay for their education has doubled. The graduates of 2014 now sit at the top of the class in student debt. Tuition fees have risen dramatically as household incomes have stagnated, at best, causing some 70 percent of students to fund their higher educations through loans.

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