All over the planet, large banks are massively overexposed to derivatives contracts.  Interest rate derivatives account for the biggest chunk of these derivatives contracts.  According to…

On Monday March 25, many African Government offices, businesses and banks grind to a halt in order to commemorate Africa Day. In schools up and…

Subsidies for fossil fuels that cause climate change have soared since 2013, a new study from the International Monetary Fund has revealed. Oil, gas and…

'Neoliberal capitalism is already global,' writes Buell. 'Resistance to it must itself be global and democratic.' Conservatives warn us that deficit spending will turn the…

The fossil fuel industry receives $5.3 trillion a year in government subsidies, despite its disastrous toll on the environment, human health, and other global inequality…

Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to…

Last year the vampires of finance bought themselves a Congress. I know it’s not nice to call them that, but I have my reasons, which…

We live in a truly messed up and Orwellian world if you will.  In many parts of Europe, interest rates are negative.  Savers “pay” for…

The death toll has now passed 3,300, and there is no telling how much farther it will climb. Search and rescue operations in Nepal entered…

This past week, April 24, European finance ministers met in Riga, Latvia. High on the agenda was the topic of Greek debt negotiations. Two months…

US citizens constitute 5 percent of the world’s population but consume 24 percent of global energy. On average, one person in the US consumes as much…

The annual spring meetings of the International Monetary Fund and World Bank held in Washington over the weekend comprised the treasurers and central bankers, together…