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Archive | October, 2009

Regarding the Further Measures in Afghanistan

  Notes of Anatoly S. Chernyaev Gorbachev: My intuition tells me — something is worrisome.  I am afraid we are losing time!  Everybody is getting used to it.  I guess they say, well, there is a war going on, everything in its turn, such is life.  “The strange war!” — soon they will attach this […]

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Iran: Reform of Energy Subsidies

At long last and after decades of talking about doing something about the subsidies, there is a bill before Iran’s majlis to target (but not remove) subsidies.  I could not locate the bill itself but my impression is that it only addresses energy subsidies and not other subsidies such as food and medicine.  So far […]

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Agreement to Restore Zelaya, If Honored, Will Be a Victory for Democracy in the Hemisphere, CEPR Co-Director Says

Washington, D.C. — News of a deal that would effectively end the coup d’etat in Honduras and restore democratically elected President Manuel Zelaya to office would be a “victory for democracy in the hemisphere” resulting from the continued resistance of the Honduran people and pressure from Latin American governments, Center for Economic and Policy Research […]

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Personal Income

Personal Income and Outlays: September 2009

Personal income decreased $0.1 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $0.2 billion, or less than 0.1 percent, in September, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) decreased $47.2 billion, or 0.5 percent.  In August, personal income increased $17.4 billion, or 0.1 percent, DPI increased $14.1 […]

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Ecuador and Bolivia Show That Even Small Developing Countries Can Pursue Independent Economic Policies, Stand Up for Their Rights, and Win

Among the conventional wisdom that we hear every day in the business press is that developing countries should bend over backwards to create a friendly climate for foreign corporations, follow orthodox (neoliberal) macroeconomic policy advice, and strive to achieve an investment-grade sovereign credit rating so as to attract more foreign capital. Guess which country is […]

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Trumka on Israel

“And tonight, let me tell you that, so long as I’m president, you will never have a stronger ally than the AFL-CIO.  That’s why we’re proud to stand with the JLC to oppose boycotting Israel.” — Remarks by Richard L. Trumka, President of the AFL-CIO, Jewish Labor Committee 2009 Annual Human Rights Dinner, October 27, […]

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Government Price Supports Create Mini-Bubble

The August Case-Shiller 20-City index showed a 1.0 percent rise in house prices for the month.  The index has now risen at a 12.7 percent annual rate over the last three months.  Prices rose in 16 of the 20 cities in the index, with only Charlotte, Cleveland, Las Vegas, and Seattle registering price declines for […]

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UN Calls for End to US Embargo on Cuba

The UN General Assembly on Wednesday voted overwhelmingly to call for an end to the US embargo on Cuba. The vote was cast at the 192-member General Assembly with 187 in favor, three against and two abstentions. This is the 18th year that the General Assembly voted to urge an end to the US embargo. […]

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A War of Terror in Pakistan: Interview with Saadia Toor

Saadia Toor is an assistant professor at Staten Island College, author of a forthcoming book on Pakistan from Pluto Press, and part of the group Action for a Progressive Pakistan. The Pakistani Army has launched a major offensive against Taliban forces in the province of Waziristan.  What is behind this assault, and what impact will […]

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