The Risk of Military Keynesianism

The global economy is taking a beating from the latest crisis. The United States, EU, and Japan expect growth of only 1.5% or so in 2009. The International Labor Organization forecasts a “global jobs crisis” that will add 50 million people to the ranks of...

IPS on the CEO Pay Caps

WASHINGTON – February 4 – Compensation experts with the Institute for Policy Studies (IPS) today called President Barack Obama’s $500,000 cap on executive pay at some bailed-out companies a “small, but very welcome first step toward ending...

Executive Pay and the Bailout

In recent weeks, two legislative initiatives have aimed to crack down on profiteering from the financial bailout. Both were prompted by evidence that the pay restrictions in the original bailout bill have proven largely toothless. Some of the recipients — most...

Arts Stimulus Plan

Programs that paid thousands of artists and writers comprised one of the most creative aspects of the New Deal. Thousands received relatively small outlays of funds for their work, and the nation’s artistic heritage was greatly enhanced. The same kind of...

Workshop: The Economic Crisis How Did We Get Here? How Do We Get Out?

Join local DC organizers, global experts and IPS’ own Sarah Anderson to talk about the current economic crisis, what it means for DC, the nation and the world, and what we can do about it. Get informed! Get involved! Get plugged in! RSVP to rcastel@dclabor.org...

Assessing the G-20 Declaration

The G-20’s “Summit on Financial Markets and the World Economy,” held in Washington on November 15, gave world powers a chance to coordinate their responses to the burgeoning international financial crisis and accompanying ills in real economies...

Bailouts Dwarf Spending on Climate and Poverty Crises

The financial crisis is only one of multiple crises that will affect every country, rich and poor alike. There’s also the global poverty crisis. Tens of millions of people across the developing world are expected to fall into extreme poverty and joblessness as a...

Response to Poverty and Empire: Denial

In the 1970s, Martin Agronsky, a weekend talk show host in Washington, finally invited the venerable I.F. (Izzy) Stone to join the establishment “pundits.” From the early 1950s through the early 1970s, Izzy had raised the basic issues to a readership...

Obama Faces Economic Disaster

If you ain’t got the do re mi, boys, You ain’t got the do re mi, You better go back to beautiful Texas, Oklahoma, Kansas, Georgia, Tennessee. California is a garden of Eden, a paradise to live in or see; But believe it or not, you won’t find it so...

The Crisis and the Environment

Given the magnitude and scope of the current economic crisis, the world will no doubt experience a significant economic downturn — of what degree and duration, no one can say — profoundly affecting all aspects of U.S. and international society. Of the many...

The Second Shockwave

While the economic contraction is apparently slowing in the advanced industrial countries and may reach bottom in the not-too-distant future, it’s only beginning to gain momentum in the developing world, which was spared the earliest effects of the global...