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Grassroots Power and Non-Market Economies

There are primarily two factors behind the current spike in people's mobilization. One is the level of crisis that people around the world are facing, economically and environmentally. Second is the Internet, through which movements have been able to communicate and unite to a degree that is historically unprecedented. Some of the qualitative changes are, now there are people organized across many sectors that have never chosen to step out into the popular movement before.

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The Virtues of Deglobalization

The current global downturn, the worst since the Great Depression 70 years ago, pounded the last nail into the coffin of globalization. Already beleaguered by evidence that showed global poverty and inequality increasing, even as most poor countries experienced little or no economic growth, globalization has been terminally discredited in the last two years. As the much-heralded process of financial and trade interdependence went into reverse, it became the transmission belt not of prosperity but of economic crisis and collapse.

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Unhappy Labor Day

Source: The Progressive

It’s Labor Day and the American worker doesn’t have a lot to celebrate.

Unemployment stands at 9.7 percent-that’s 15 million people out of work, officially, and millions more unofficially.

“Nearly one in six workers are now unemployed or underemployed,” notes the Economic Policy Institute.

Many of those who are lucky enough to still have work have seen their hours and benefits cut back, or have been forced to take unpaid furloughs. Twenty percent of companies have suspended their contributions to 401(k) plans or other pensions. read more

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IMF May Withhold $164 Million Allocated to Honduras

Source: CEPR

IMF spokesperson Bill Murray indicated today that the Fund may not allow the de facto government of Honduras to have access to $164 million dollars that it was allocated on August 28.

Rebeca Santos, Finance Minister for the constitutional government of President Manuel Zelaya of Honduras, told CEPR that their government had received assurances from the IMF that the de facto government would not be allowed access to these funds.

When asked if he could confirm this, Mr. Murray indicated that he could not officially do so, but also said "you should go with what you were told" by the Finance Minister. read more

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The Soy Republic of Argentina

March Against Soy
The increasing export of genetically modified crops is part of a regional trend with Argentina, Brazil, Paraguay and Uruguay now adopting a soy-based economic model. Argentina has made a radical shift toward soy, which has displaced cultivation of many grains and vegetables and even its beef production, the nation's diet staple and renowned around the world. Once a highly industrialized nation and agriculturally diverse, Argentina now uses more than half of its total arable land for monoculture soy.

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The Secret History of Hurricane Katrina

Source: Mother Jones

Confronted with images of corpses floating in the blackened floodwaters or baking in the sun on abandoned highways, there aren’t too many people left who see what happened following Hurricane Katrina as a purely "natural" disaster. The dominant narratives that have emerged, in the four years since the storm, are of a gross human tragedy, compounded by social inequities and government ineptitude-a crisis subsequently exploited in every way possible for political and financial gain. read more