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Tuesday, February 09, 2010 20:15 GMT

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FINANCE: Fighting Off Looters in the Ruins
Analysis by Peter Costantini
SEATTLE - Reckless greed on Wall Street is a dog-bites-man story. Still, the renewed feeding frenzy of the alpha dogs of finance in the embers of the bonfire of their own vanities has inspired amazement and disgust across the political spectrum.
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DEVELOPMENT: Crisis Could Open Doors for Change, Says UNCTAD
By Thalif Deen
UNITED NATIONS - As the financial crisis continued to threaten world economies last year, the White House chief of staff Rahm Emanuel famously declared: "You never want a serious crisis to go to waste."
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EUROPE: Poland's Pension Cuts - Cue for Former Eastern Bloc
By Pavol Stracancsky
WARSAW - Poland’s pension cuts on tens of thousands of former communist functionaries and secret police officers are adding fillip to campaigns in other East European states for similar legislation.
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PHILIPPINES: Street Kids Learn to Save in Times of Crisis
By Kara Santos*
MANILA - Since he dropped out of elementary school, 17-year old Cenen has been making a living for himself driving a borrowed motorised sidecar in the crowded streets of Binondo, a bustling business district in Manila, capital of the Philippines.
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PHILIPPINES: Economic Recovery Unfelt by Urban Poor – NGOs
By Kara Santos
MANILA - Every day, 60-year old Felisa scavenges for garbage around the bustling streets of Manila, the urban capital of the Philippines.
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DEVELOPMENT: Asia to Lead Global Economic Recovery, Says U.N.
By Thalif Deen
UNITED NATIONS - The United Nations is predicting that the world's developing nations will recover faster than industrial countries - even as they both try to struggle out of the post-2007 global financial crisis.
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U.S.: Obama Downplays Foreign Policy Agenda in Major Speech
By Matthew Berger
WASHINGTON - In laying out his priorities for the coming year before a joint session of Congress and millions of viewers Wednesday night, U.S. President Barack Obama made it clear that the focus of administration would be, more than anything else, on domestic issues – and the vital mission of job creation in particular.
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MIDEAST: Clean Energy Faces Tough Financial Climate
By Cam McGrath
CAIRO - Renewable energy projects in the Middle East could be scaled back or scuttled unless fresh sources of financing are found.
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WORLD SOCIAL FORUM: Crisis Could Usher In Another World
By Mario Osava
PORTO ALEGRE, Brazil - In the societies of the future, young people may not start to work until the age of 25, there will be lifelong education for everyone, with university graduation as the starting point rather than the end goal, while working hours could be reduced to 12 hours a week for all.
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LABOUR: North America's Long Winter of Discontent
By Peter Costantini
SEATTLE, Washington - In the wake of a blizzard of economic hardship across North America, native land of the financial crash of 2008 and ensuing Great Recession, the shapes of other possible worlds are emerging from the drifts. Some are frozen and dystopian, but others may harbour green shoots of hope.
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ECONOMY-EUROPE: Czechs Bank on Cooperatives for Revival
By Claudia Ciobanu
BUCHAREST - The Czech Republic’s strong heritage of cooperative movements, dating from the interwar period, is serving as inspiration for new initiatives in the post-communist era and acting as "harbingers of a new global economic system".
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RECESSION AND RECOVERY: Diamonds Are for the Poor – Part 3
By IPS Correspondents*
NEW DELHI - Diamonds haven't been among the first concerns at the World Social Forum these last 10 years. But through the recession and the still tottering recovery, a new sparkle in that business is pointing the way to a brighter world that is also better in a WSF sort of way.
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RECESSION AND RECOVERY: Cities Going One Way, Nations Another - Part 2
By IPS Correspondents*
RIO DE JANEIRO - Some signs are emerging of a new trend shown up by the recession: local governments (and the people) are going one way, national ones another.
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Banking panics, recession, loss of market value, deflation. Is the current financial crisis in any way comparable with the Great Depression of 1929? And more importantly, how is it affecting the weakest? IPS brings you worldwide coverage of the impacts of this crisis.