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On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face.
Zimbabwean names often reflect the mood of a family to the arrival of the new member. At a rural mission school I taught Blessing, Charity and Unique Faith. Penniless Ngwenya was the best and brightest of my students.
To address the problem of Third World debt, citizens of developed countries need to place the satisfaction of human needs at the heart of government policy. A history of poor governance, greed, and cultural imperialism are at the core of the Global North’s exploitation of the South.
The new Vatican Secretary of State, Cardinal Tarcisio Bertone, has described IMF and World Bank conditional loans to Third World countries as usury.
Encouraging the North–South relationship offers the best hope for North Korea and the world
Dr Seuss’ books, Peace under fire, The good life, Sidney Nolan
Professor Saeed and Fr Madigan make religious dialogue look easy. You would almost wonder what is the problem.
David Ferris on the mysteries of the global economy.