STWR - Share The World's Resources

If the US economy crumbles, it will drag most countries with it - and the world still awaits the fatal sting of the crisis

A lack of international cooperation defines the current financial crisis - which bears comparison to the situation in 1929

There is a crisis in free market ideology - but the movement towards state intervention won't last

March 12.  Crude oil for April delivery hit $110 per barrel.  The US dollar fell to a new low against the Euro.  It now takes $1.55 to purchase one Euro. These new highs against the dollar are the ongoing story of the collapse of the US dollar as world reserve currency and corresponding collapse of American power.

America's so-called gross domestic product is an enormous number and an important number, but is it the right number? That's the question that comes before the US Senate Wednesday in an unusual hearing on the far from perfect science of measuring economic activity.

Neo-liberalism is slowly fading away - that is, if we define neo-liberalism as an ideology that steadily wants to reduce and belittle the role of government and promote ever freer markets. 

Middle Eastern sovereign wealth funds are bestriding the global economy, gobbling up assets, and private equity 'locusts' are grabbing a share of industry. But Europe has its own, taxpayer-backed investment bank, which has quietly doled out a mind-boggling €200bn (£150bn) over five years in loans. Now campaigners say it is time for the Luxembourg-based European Investment Bank to step out of the shadows.