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Tag Archives: IMF

Come September

Transcription of Arundhati Roy and Howard Zinn Lensic Performing Arts Center Santa Fe, New Mexico 18 September 2002 Howard Zinn: Well, thank you. [Applause]. This is a very nice crowd. [Laughter] Thank you Patrick Lannan for that introduction. I almost recognized myself. [Laughter] I’m here to introduce Arundhati Roy. I say this in hushed tones. Really, [...]

Jamaica: Government and CIA options

In the 1970s, Cheryl Payer set out the typical IMF Structural Adjustment Programme (The Debt Trap, 1974). It included, privatisation, trade liberalisation, foreign exchange liberalisation, removal of subsidies, wage freezes, public sector layoffs, and increased taxation. We spent a lot of time last year arguing about whether the IMF had changed or not. The style [...]

America’s Business Law Protects International Crime

Exposing this entirely legal labyrinth of ownership took years of interagency pick-and-ax work. In the end it demonstrated how nefarious activity — even as high profile as this — can go on for years, right under authorities’ noses. It’s also meant that tenants of the prestigious Manhattan property have been paying millions in rent to [...]

Journalist Kim Ives on How Western Domination Has Undermined Haiti’s Ability to Recover from Natural Devastation

Shortly after Haiti was hit by a 6.1 aftershock on January 20, 2010, Amy Goodman and Kim Ives of Haiti Liberté report from the Port-au-Prince airport. Amy and Kim discuss how centuries of Western domination of Haiti has worsened the impact of the devastating earthquake, from the harsh reaction to Haiti’s independence as a republic [...]

IMF Clarifies Terms of Haiti’s Loan

Today, the IMF put out an announcement clarifying the terms of its new loan to Haiti–it’s “an interest-free loan of $100 million in emergency funds.” A spokesman for the IMF emailed me to confirm that “the US$100 million loan does not carry any conditionality. It is an emergency loan aimed at getting the Haitian economy [...]

Watch out for ‘shysters’

Meanwhile, the IMF has typical neo-liberal conditions attached to its $100 million dollar loan, and TransAfrica founder Randall Robinson told Democracy Now! that Bush himself was responsible for “destroying Haitian democracy” when he backed the violent coup to overthrow President Aristide in 2004. via Bush warns: Watch out for ’shysters’ | Raw Story. Shysters, inDEED. We speak [...]

“If there is one lesson that we can learn it’s this: We cannot return to business as usual.”

[youtube]http://www.youtube.com/watch?v=ayAOqX4XWq0[/youtube] As the President continues to work on immediate job creation, he discusses his proposal for a new fee on the largest financial institutions to ensure that every cent of taxpayer assistance gets paid back. Saying that, “we’re not going to let Wall Street take the money and run,” he goes on to discuss the [...]

IMF to Haiti: Freeze Public Wages

What the world should be pondering instead is: What is Haiti owed? Haiti’s vulnerability to natural disasters, its food shortages, poverty, deforestation and lack of infrastructure, are not accidental. To say that it is the poorest nation in the Western hemisphere is to miss the point; Haiti was made poor–by France, the United States, Great [...]

Economic Royalists on Wal*Street — Where’s FDR When You Really Need Him?

FDR became a charismatic folk hero, in no small part because he defined himself as the scourge of Wall Street: Roosevelt offered himself as the leader in a fight against the “economic royalists” who, he charged, “had concentrated into their own hands an almost complete control over other people’s property, other people’s money, other people’s [...]