The Global Citizen: financial crisis

What the World Needs to Handle the Financial Crisis

Citizens for Global Solutions | December 4th, 2008
Topics: Other

By Daniel Turner

Let National Leaders Inspire in Financial Turmoil

Citizens for Global Solutions | November 11th, 2008
Topics: Other

On November 15, world statesmen are gathering in Washington, DC to debate about global recession and a much needed change in the global financial architecture. This fall's summit, which should impose a new Bretton Woods order, is not the first international response to the financial crisis. Much has already been discussed in the UN, the IMF, the World Bank, the Financial Stability Forum, the Basel Committee for Banking Supervision, G7, and G20. Besides negotiating, actual measures showing international generosity and solidarity have been taken.

WORLD FINANCIAL CRISIS PROVIDES OPPORTUNITY FOR GLOBAL COOPERATION

Citizens for Global Solutions | October 24th, 2008
Topics: Other

This month's near-breakdown of the global financial system is a classic example of a pattern that has occurred periodically since the eighteenth century, though not at this magnitude since the Great Depression - an unsustainable investment bubble followed by inevitable collapse and panicky selling of depreciating assets. The results are massive debt, banks (those which have survived) reluctant to lend, job availability plummeting, and 401K retirement plan balances shrinking.