The World Bank has put off a 90-million-dollar loan to Uganda, citing a new anti-gay law in the East African country that has already drawn criticism from the US and Europe, which control the global lending institution. “We have postponed the project for further review to ensure that the development objectives would not be adversely affected by the enactment of this new law,” claimed a... 

Tough austerity measures imposed by the Greek government have inflicted major damage to the health of the Greek population, leaving nearly one million of the country’s most vulnerable people without access to healthcare. As a result of a six percent cap on health spending imposed by the so-called Troika as part of austerity measures forced on the country, the Greek public hospital budget was cut... 

Many see German policy in the European Union as a forceful advancement of Germany’s interests at the expense of other countries – EU members. There are even suspicions that the crisis in the EU is a project of Germany designed to secure the economic recovery (the European Commission even started an investigation). Berlin is not going to stop in its plans. In late 2013 the European Commission... 

“The U.S. worked hard to create the American dream of opportunity. But today, that dream is a myth.” Economist Joseph Stiglitz, Financial Times If you follow the financial news, you already know that the American people are on an epic downer. Just check out some of these headlines I pulled up in a five minute Internet search and you’ll see what I mean: “Gloom and doom? Americans more pessimistic... 

Hundreds of British barristers, lawyers and law students are set to attend a protest gathering in London to express their opposition to proposed legal aid cuts. The protest gathering entitled ‘One Bar: One Voice – United for Justice’ has been organized by the Bar Council, which represents legal professions in England and Wales and will be held at Lincoln’s Inn in central London. Legal... 

Bosnia and Herzegovina was bracing itself for fresh nationwide rallies on Saturday amid warnings that public anger over the dire economic situation is pushing the country to the brinks. In a TV interview late on Friday, Interior Minister Fahrudin Radoncic cautioned the government that its indifference and inaction could trigger more unrest. He called for a large-scale campaign to uproot corruption... 

The escalation of the economic crisis in Argentina has forced the government to take drastic actions that had been rejected in the past, due to the impact they could have on the people. This time the Central Bank raised the interest rates by 3%. While the Argentine economy faces a complicated and serious agenda to solve, The problem is intensified by destabilizing moves of foreign firms, such as the... 

State hospital workers in Greece stage a strike in central Athens to protest at the government’s austerity measures. Greek state hospital doctors, nurses and administrative staff have held a strike to protest the government’s austerity measures which allegedly aim to make the healthcare sector “more efficient.” Hundreds of hospital workers congregated outside the parliament building... 

Fears of bank runs have escalated with the news that Russian lender ‘My Bank’ has banned all cash withdrawals until next week. “Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia.... 

Thousands of US military veterans face homelessness and chronic conditions like alcoholism and post traumatic stress disorder, despite millions of dollars in government spending on the group. The Department of Veterans Affairs (VA) has said it is extending a grant program designed to help reduce homelessness among veterans, making $600 million available over the next two years. The Department of Housing... 

An American economist says the country’s middle class population is being pushed further down the scale of economic capability. “…the income distribution has been severely hurt. It is so badly skewed now that all of the evidence is clear – a very small percent of the population receives almost the entire gain and income increases and the wealth is being concentrated in the top, is extremely... 

Nick Griffin, leader of the British National Party (BNP) Leader of the UK’s far-right political party, the British National Party (BNP), has been declared bankrupt. Appearing at Welshpool County Court in Wales on Thursday, Nick Griffin was declared insolvent. This came after Griffin was found to have been left with debts following a dispute with Gilbert Davies & Partners legal firm that represented... 

An Italian man reads job offers outside a recruitment agency in the city of Milan. Southern Italy has lost 600,000 jobs over the past six years and the area has lost some 43.7 billion euros of its gross domestic product (GDP) during the economic crisis, a report shows. The data was released on Friday by the country’s industrial employers’ association Confindustria. The association also said that... 

While US lawmakers spar over extending unemployment benefits, out-of-work Americans could wake up on December 28 to find themselves unable to afford life’s basic necessities. Barring last-minute action by Congress, the long-term unemployment insurance program will expire on Saturday, leaving 1.3 million Americans to fend for themselves as they continue to look for jobs in an economy that’s still... 

The Congressional Budget Office (CBO) says President Barack Obama’s plans for the US nuclear weapons complex will cost the country about $355 billion over the next decade. In a report on Friday, the CBO said the plans included the modernization of nuclear weapons, their delivery systems, and nuclear weapons production laboratories. According to the report, the cost is nearly $150 billion more than...