Iran Sanctions Will Halve Oil Sales But May Still Not Succeed
By Julian Borger and Saeed Kamali Dehghan
Embargo has led to huge increases in price of staple foods, while currency has lost half its value since 2010. Continue
For Mexicans, It Was the Economy, Stupid: income per person in Mexico has grown by just 0.9 percent annually. This is terrible for a developing country, and less than half the rate of growth of the Latin American region during this period — which was itself not stellar. If we just look at per capita growth since the last election, in 2006, Mexico finishes dead last of all the countries in Latin America.
George Monbiot: We were wrong on peak oil. There's enough to fry us all: A boom in oil production has made a mockery of our predictions. Good news for capitalists – but a disaster for humanity
Economists: Austerity looms large for France: According to a report by France’s national audit office on Monday, Paris needs to come up with EUR 33 billion (USD 42 billion) in savings next year to meet its European deficit goal of three percent of gross domestic product.
The European Financial Transactions Tax: Robin Hood or Sheriff of Nottingham?: Germany, France, Italy, and Spain take time out from acute crisis talks to agree on a long term policy solution: taxing financial transactions.
As long as the rich can speculate on food, the world's poor go hungry: To overcome poverty we have to overcome the causes of poverty, and the big causes of poverty today are untouched by aid. Poor countries are still forced to pay off unpayable debts. The global poor are facing ever-higher food prices, driven by speculation. And climate change is already destroying lands and livelihoods.
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