Moral Outrage
Whew! God help us!

Posts Tagged ‘World Bank

Rising Food Prices Push Millions More Into Poverty

February 18, 2011

A sharp rise in food prices since June has pushed 44 million people in developing countries into extreme poverty — having to live on less than $1.25 a day — according to a new study by the World Bank. The bank’s price index soared 29 percent from January 2010 to January 2011. Wheat, maize, sugar […]

Western banks and US Treasury the winners from IMF and World Bank moves

October 23, 2010

Revelations from Joseph Stiglitz, the World Bank’s former Chief Economist, include how the IMF and US Treasury fixed the Russian elections. Most ill-making for Stiglitz is that the US-backed oligarchs stripped Russia’s industrial assets, with the effect of cutting national output nearly in half, causing depression and starvation. Stiglitz also told me about his unhappy […]

Joseph Stiglitz on the hidden workings of the IMF, World Bank, and US Treasury

October 19, 2010

What is the often hidden workings of the IMF, World Bank –and the World Bank’s 51% owner, the US Treasury? How do they interact with various countries? According to insider Joseph Stiglitz, World Bank staff meet some begging, busted finance minister who is handed a ‘restructuring agreement’ pre-drafted for his ‘voluntary’ signature. The Bank hands […]

Who is Joseph Stiglitz and what are his credentials?

October 18, 2010

Joseph Stiglitz and Linda Bilmes, a public policy professor at Harvard University, have publicly defended their belief that the U.S. has barely begun to face the enormous financial bill for the wars underway. By their accounting U.S. has already spent $1 trillion on operations and related defense spending, with more to come–and it will cost […]

The American Empire that rules over all

May 30, 2010

According to the World Bank, there are 6.7 billion human beings on the earth. 308,108,741 of them live in the United States, about 4.6% of the total. Of these Americans, about 231,000,000 are of voting age. About half those eligible to vote actually do…115 million people. By brute force, this single, smallgroup set the agenda […]