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international / economics and finance / news report Friday May 31, 2019 22:10 by Kate Zeller
The disaster relief bill with support for Puerto Rico failed for a third time in the US House of Representatives. Eric Lecompte, Executive Director of Jubilee USA, responded. read full story / add a comment
international / economics and finance / press release Friday April 19, 2019 21:02 by Jubilee USA Network
After months of negotiations and four days of formal meetings, the United Nations voted on development policies at the fourth UN Financing for Development Forum. The UN meetings convene world leaders, ministers, governments, the IMF, World Bank and development groups. The annual process attempts to implement the 2015 Addis Ababa Action Agenda, an international agreement that includes policies on debt, tax, trade, transparency and aid. read full story / add a comment
international / economics and finance / press release Friday April 12, 2019 04:06 by Kate Zeller
In Somalia, 60 percent of the 15 million person population lives in extreme poverty. According to the United Nations Development Programme almost 10 million people live in extreme poverty or close to poverty in Somalia while the war-torn African nation wrestles with a $4.6 billion debt. On Friday, Somalia's Finance Minister Abdirahman Beileh will call for debt cancellation for humanitarian assistance. read full story / add a comment
international / economics and finance / press release Wednesday April 10, 2019 18:07 by Jubilee USA Network
For the second day in a row, the International Monetary Fund raised concerns of pending financial crisis. Ahead of the Spring IMF and World Bank meetings, the IMF released the Global Financial Stability Report, warning of "vulnerabilities" in corporate debt, house values and sovereign (country) debt. read full story / add a comment
international / economics and finance / news report Wednesday March 13, 2019 17:40 by Kate Zeller
The House of Representatives is holding hearings on legislative initiatives to deter corruption and secrecy in the global financial system. read full story / add a comment
international / economics and finance / press release Tuesday February 05, 2019 18:41 by JubileeUSA Network
Judge Laura Taylor Swain approved a deal to restructure $17 billion of Puerto Rico's $72 billion debt on Monday. Court approval was the last hurdle creditors and the island's oversight board needed for a plan to address sales tax backed debt or "COFINA" debt. read full story / add a comment
international / economics and finance / press release Friday January 18, 2019 18:11 by Kate Zeller
On Thursday, Judge Laura Taylor Swain delayed approval of a $17 billion debt deal between Puerto Rico "COFINA" creditors and the island's oversight board. read full story / add a comment
international / economics and finance / press release Wednesday January 16, 2019 21:18 by Kate Zeller
Through Thursday, the judge presiding over Puerto Rico's bankruptcy process will hear testimony about a debt deal to restructure about $17 billion of the island's $72 billion debt. read full story / add a comment
international / economics and finance / press release Friday July 27, 2018 19:28 by Lydia Andrews
This week the US Department of Education proposed new student "borrower defense" rules. read full story / add a comment
international / economics and finance / press release Wednesday July 25, 2018 18:56 by Lydia Andrews
New Senate legislation offers additional options for Puerto Rico to cut its debt. Senators Elizabeth Warren (D-MA), Bernie Sanders (I-VT), Kirsten Gillibrand (D-NY), Ed Markey (D-MA) and Kamala Harris (D-CA) introduced the US Territorial Relief Act. If Congress passes the act, US Territories that experience natural disasters could qualify for debt relief. read full story / add a comment
international / economics and finance / press release Friday July 20, 2018 19:29 by Lydia Andrews
The US Treasury is calling for greater scrutiny into the use of "anonymous" shell companies. Last week, Treasury Secretary Steven Mnuchin urged Congress to quickly pass legislation to make the identity of shell company owners available to law enforcement. read full story / add a comment
international / economics and finance / press release Friday June 22, 2018 22:17 by Lydia Andrews
European Finance Ministers endorse a new Greece debt agreement that provides financing in exchange for maintaining austerity policies and economic reforms. read full story / add a comment
international / economics and finance / press release Friday June 01, 2018 19:28 by Lydia Andrews
Washington DC - On the first day of the 2018 hurricane season, G7 Finance and Development Ministers are reviewing proposals for debt relief and “innovative financing” when islands are hit by natural disasters. Also focusing on empowering women in the economy, the group meets in Whistler, Canada, through Sunday. These meetings will help prepare outcomes for the upcoming G7 Ministerial meeting that President Trump attends later in June. read full story / add a comment
international / economics and finance / press release Friday May 18, 2018 01:38 by Lydia Andrews
The Vatican released an official assessment on global economics entitled, "‘Oeconomicae et pecuniariae quaestiones" or "Considerations for an ethical discernment regarding some aspects of the present economic-financial system." The document calls for improvements in global finance policies on debt resolution, taxation, financial crisis prevention and transparency. read full story / add a comment
international / economics and finance / press release Tuesday April 24, 2018 20:47 by Jubilee USA
Officials from governments, the IMF, World Bank, the private sector and NGOs meet this week at the United Nations for the Financing for Development (FFD) Forum. read full story / add a comment
international / economics and finance / press release Friday January 19, 2018 19:05 by Lydia C. Andrews
As the Senate and White House struggle to avert a government shutdown, US disaster victims from Puerto Rico to Texas worry a deal on relief and recovery aid will continue to be delayed. read full story / add a comment
international / economics and finance / other press Monday January 01, 2018 14:18 by 1 of indy
 2 comments (last - tuesday january 02, 2018 14:26)
This is a repost of an important topic that doesn't get enough coverage by Peter Koenig for the Saker blog and is about the rapid move towards a cashless society which is being sold to us as only positive. This is highly unlikely to be the case. The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by the bank. I asked around – there will be no more cash automats in this mall – and this pattern is repeated over and over throughout Switzerland and throughout western Europe. Cash machines gradually but ever so faster disappear, not only from shopping malls, also from street corners. Will Switzerland become the first country fully running on digital money? read full story / add a comment 
international / economics and finance / other press Monday December 04, 2017 23:21 by 1 of indy
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This is a repost of an recent article (Dec 1st) by economic analyst and trade unionist Michael Taft on www.tasc.ie covering the good news trend where there is now a trend in Europe of reversing privatisations. And that is certainly something positive.
There is a spectre haunting Europe – the spectre of de-privatisation, re-municipalisation, and re-nationalisation. Local, regional and national Governments throughout Europe and in other countries - fed up with high costs, low investment, deteriorating quality and poor working conditions – are taking services back into public control and ownership. For many, privatisation has produced poor results; now they are starting to reverse that process. Public ownership is back on the agenda. read full story / add a comment
national / economics and finance / press release Monday December 04, 2017 20:25 by ddci
New report analyses developments across Europe and finds: European governments are leading a race to the bottom which will see average global corporate tax rates hit zero by 2052. A detailed analysis of 17 EU member states and Norway reveals 12 governments have either just cut their corporate tax rate, or are planning to do so in the near future. Ireland receives a 'red card' in the report, as one of only two countries to receive all red in a traffic light ranking scoring a number of measures identified by civil society as key steps to bring an end to tax dodging. Half the countries analysed, including Ireland, are found to have harmful tax practices, which can be used by multinational corporations to avoid taxation. read full story / add a comment
international / economics and finance / press release Thursday November 30, 2017 22:07 by Lydia Andrews
As the Senate pushes tax reform, the head of a religious development group expressed concern over parts of the House and Senate proposals that could harm low income people in the United States and people in the developing world. read full story / add a comment |
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