Global Financial Crisis News & Analysis
FLASH: IMF’s Post-2009 Financial Crisis Regulatory Report Card
The IMF’s latest report warns that the global financial system hasn’t yet fully learned the lessons of 2009.
Rising to the Challenge of Stagnant US Wages
Change must be embraced if the United States is to adapt to the new normal of globalized wealth.
Abe’s Latest Election Win in Japan: Economic Impacts
Examining what last week's elections mean for the future of Japan's economy.
Geopolitical Hotspots to Watch in 2013
Examining a few of the pressing global conflicts that will be making headlines in 2013.
QE3: The Ups and Downs of Gold
Following the announcement of the US Federal Bank's intention to begin a third round of quantitative easing in mid-September, the global price of gold skyrocketed.
Occupy Wall Street Protests Take Hold
Since September 17th the grey streets of the financial district in New York have become the centre stage of lively protests objecting social and economic inequality, corporate greed and the growing influence of corporate power in US government.
The Economics of Happiness
Ireland’s recent Quarterly National Household Survey may be evidence that happiness and economic hardship are not always mutually exclusive. The survey demonstrates that despite the deepening recession, record unemployment, and falling living standards; as many as four out of five Irish respondents answered to be happy all or most of the time. This brings to mind other countries’ growing interest in quantifying populations’ overall wellbeing.
Market Meltdown Redux?
Global markets stand on the precipice of another plunge into the now familiar territory of red and recession, though this time there won’t be the prospect of government stimulus spending to soften the blow.
The Fall of Strauss-Kahn: Europe Loses its Savior?
The arrest and subsequent resignation of former IMF chief Dominique Strauss-Kahn won’t just impact the Euro sovereign debt crisis, but the wider international monetary order as well.
Currency War or Business as Usual?
The recent passage of a US law that allows for the executive branch to enact trade sanctions on China for currency manipulation stands as a clear sign that the Obama administration is getting serious about the value of the yuan.
Greece Teeters on the Brink of Financial Collapse
Despite an announcement of a massive bailout, the future of the Greek economy- and by extension the entire euro zone as well- is now more at risk than ever.
2010 BRIC Countries Summit
Last week’s BRIC countries summit in Brasilia witnessed the beginning of what will surely become a trend over the next few decades: BRIC coordination against the United States on important issues in international society.
British Economic Crisis
Although the dust hasn’t even settled from last month’s Euro financial crisis in the PIGS countries, another sovereign wealth shock may be just around the corner.
Euro Financial Crisis
The financial crisis that began in Greece last month and spread to other ‘PIGS’ countries (Portugal, Ireland, Greece, and Spain) is raising old doubts about the long-term viability of the EU’s monetary union.
Bailout Blowback in the United States
The U.S. government’s swiftly arrived upon decision to pump massive amounts of money into a faltering banking system may come back to haunt policymakers as a trade-off between one disaster for another.
2008-2009 Israel-Hamas War
The 2008-2009 Israel-Gaza War enters its second week, with no signs of letting up any time soon.
Pakistan Taliban Taking Control of AfPak Border Areas
The resignation of hundreds of Pakistani police personnel due to fear of Taliban reprisals, and escalating tension along the Indo-Pak border eclipsing Islamabad's focus on militancy along its Afghan border, may result in Pakistan's NorthWest Frontier Province (NWFP) and Federally Administered Tribal Areas (FATA) falling to Pakistan Taliban control.
Wall Street in Crisis
If the financial crisis caused by Wall Street manages to diminish Washington’s prestige, ability to influence policy, and deters allies from following the US’ lead on foreign policy, it will achieve what 50 years of near nuclear confrontation with the Soviet Union failed to do—the dissolution of the American Empire.
Bear Stearns and US Bank Bailouts
The recent collapse of investment bank Bear Stearns, the lack of market liquidity and the sub prime mortgage crisis are all representative of more fundamental flaws in the financial system and American economy.
