Finance

Moving forward with speculation reforms

The food price crisis and global financial meltdown had many causes, but it would be hard to overstate the role of the deregulation and privatization policies that had taken root in the 1990s and 2000s. Globalization and financial “innovations” pushed by speculative investors also mean that when U.S. food and energy prices rise, they affect prices around the world.

The Story of Broke

Led by the budget-slashing Super Committee, most eyes in Washington are focused on how to cut government programs. Right now, the Agriculture Committee Chairs are in the late stages of a secret negotiation on how much farm and food programs will be cut. With the rising budget deficit, what choice to we have? So, the Beltway story goes.

"Perfectly just is not going to happen here"

"The perfect cannot be the enemy of the good. What we needed is 'good enough.' And 'good enough' is not 'perfectly just.' 'Perfectly just' is not going to happen here." These are the words yesterday of Ethiopia's Prime Minister Meles Zenawi at an event here in Cancún presenting climate finance options to governments at the U.N. global climate talks.

UN Advisory Group on Climate Finance report falls flat

A new report on climate change financing options released today by a U.N. Advisory Group unwisely emphasizes carbon markets and other private finance options, while irresponsibly advocating an increased role for multilateral development banks (MDBs).