By BENJIE OLIVEROS Bulatlat perspective The world economy is nowhere near recovery from the last economic implosion in 2007-08, even as governments and their economists would want us to believe so. While articles about the lingering crisis are scant, one could read through several news articles and recognize the signs pointing to it. 1. Growth…
By Satur C. Ocampo At Ground Level | The Philippine Star This week in Cannes, France, the Group of 20 biggest economies or G-20 – representing 85 percent of the world’s economy, 80 percent of trade, and two-thirds of population — holds its sixth summit meeting since 2008 to deal with the global financial-economic crisis.…
By INA ALLECO R. SILVERIO
The Migrant Heritage Commission said it is high-time for the government to change its development paradigm, especially in the wake of reports that 1,000 Filipino teachers in Prince Georges County and Baltimore in Maryland are facing deportation.
By BENJIE OLIVEROS Bulatlat.com In 2008, when the economic crisis hit the US, newly elected President Barack Obama unveiled a stimulus package that bailed out the erstwhile “too big to fall” financial investment houses and banks. This went on for years with the US government implementing two rounds of quantitative easing measures. But these have…
Looking at the more credible indicators of secured employment, incomes, percentage of the population receiving adequate social services, poverty incidence, the number of hungry population, etc. shows that the global crisis is not yet over. By JENNY GUSTE Ibon Features Posted by (Bulatlat.com) Ibon Features — Amid news that capitalist countries are on the road…
Contrary to President Arroyo’s statement that the ratification of Japan-Philippines Economic Partnership Agreement (JPEPA) will protect the country from the global financial crisis, it will make the country more vulnerable to economic shocks. BY IBON FOUNDATION Posted by Bulatlat Contrary to President Arroyo’s statement that the ratification of the Japan-Philippines Economic Partnership Agreement (JPEPA) will…
We must go further in fixing the financial sector – most importantly by downsizing it. The financial sector accounted for more than 30 percent of corporate profits in 2004. Back in the 1950’s and 1960’s, the country’s period of most rapid growth, the financial sector accounted for less than 10 percent of corporate profit. BY…
Time for a Marxist interlude. Inherent contradictions of capitalism, anyone? Intrinsic instability? Or perhaps we could risk the simple rhetorical questions Herr Marx somehow forgot to ask. To wit: have you ever seen a poker game in which no-one can ever lose? And would you, in your right mind, ever trust such a game? BY…