World Bank Whistleblower Reveals How The Global Elite Rules The World

“We have a system of “neo-feudalism” in which all of us and our national governments are enslaved to debt. “

Michael Snyder
By Michael Snyder
Karen Hudes

Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years.  In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel. She was in a unique position to see exactly how the global elite rules the world, and the

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World’s Financial Elite Get Lofty On ‘Inequality,’ But Critics Unimpressed

‘We need much bigger changes … not just speaking out against inequality and not just speaking out against contradictory policies, but actually making those policy changes’

Jacob Chamberlain
By Jacob Chamberlain

In reference to last week's "Spring Meetings" between the World Bank and the International Monetary Fund, critics are calling on the two financial giants to put their money where their mouths are and initiate policies that fight growing global inequality, rather than create it. In the build-up to the annual meetings between finance ministers,

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IMF Policies Pushing Poor Countries To The Brink

‘Truly shocking’ increase in austerity makes ‘debt situations far worse’

Jacob Chamberlain
By Jacob Chamberlain

Harsh austerity measures imposed by the International Monetary Fund have risen sharply over the last few years, causing mass struggle for poor countries, a report published Wednesday shows. According to the report published by the European Network on Debt and Development (Eurodad)—a debt and poverty watchdog network of 48 European NGOs—this

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For Companies, Investing In Women Can Mean Better Health, Education — And Business

But experts say there is still work to be done to translate good theories into results.

Elizabeth Stuart
By Elizabeth Stuart
Indigenous women of India’s north-eastern Arunachal Pradesh state

Ishrat Hussain’s decision to enroll in a Nestle job-training program that would kick-start a career in the dairy industry set her neighbors in rural Pakistan talking. For one month, the 20-year-old learned how to increase milk production through proper livestock feeding and care before Nestle helped her launch a veterinary business to service many

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IMF Loan To Ukraine Sparks Battle For Reform With US Congress

The U.S. is stalling on the approval of IMF reforms that could have huge implications for Ukraine, adding tension to the ongoing East vs. West battle over Kiev.

Frederick Reese
By Frederick Reese
Bulgaria

In a referendum that left Crimeans with only two choices -- join Russia or declare Crimea an independent nation -- an overwhelming majority of those that voted chose the former on Sunday. This has triggered a cascading array of new fights, complications and declarations, all of which threaten to redefine international economic policy for years to

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This Graphic Shows How Much Money Homophobia Is Costing Uganda

As worldwide governments pull foreign aid in response to its anti-gay law, Uganda is losing millions.

Simran Khosla
By Simran Khosla

  Since Uganda passed its harsh anti-gay law, the global community has struck back, cutting much-needed foreign aid. The law, signed by President Yoweri Museveni, says perpetrators of “aggravated homosexuality” will face life in prison. It also says that anyone “aiding homosexuality” could be imprisoned as well, which could be used

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