Friday, October 2, 1998

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  • The Story of the Hurricanes

    The United States announced aid totaling $47 million to Haiti and the Dominican Republic to help them recover from the devastation wrought by Hurricane Georges last week.

  • Sado-Monetarism: The IMF

    Today in Washington, DC, members of the U.S. Network for Global Economic Justice are gathering for a conference and series of demonstrations. The organization has mounted a "50 Years is Enough" campaign, aimed at the International Monetary Fund and the World Bank. The theme is Sado-Monetarism: The Other Capitol Punishment, the IMF and World Bank in the Global Economic Order.

  • Fed Bails Out the Rich

    The Federal Reserve Board came under attack from congressmembers yesterday for its unprecedented role in orchestrating the $3.5 billion bail-out of the hedge fund Long-Term Capital Management. The Fed was accused of helping organize an anti-competition cartel between international banks and LTCM, which would wield more power than any single central bank.

  • Int’l Campaign to Ban Landmines Unveils Initiatives

    A constellation of leaders in the worldwide movement to ban antipersonnel landmines gathered at the United Nations this week to announce new initiatives in the ban effort. Just two weeks ago, Burkina Faso became the 40th nation to ratify the 1997 Mine Ban Treaty. The treaty will now enter into force on March 1, 1999 — faster than any major treaty in history.

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Full News Hour


    Juan González on How Puerto Rico’s Economic "Death Spiral" is Tied to Legacy of Colonialism
    Could Puerto Rico become America’s Greece? That’s a question many are asking as the island faces a devastating financial crisis and a rapidly crumbling healthcare system. Puerto Rico owes $72 billion in debt. $355 million in debt payments are due December 1, but it increasingly looks like the U.S. territory may default on at least some of the debt. Congress has so far failed to act on an Obama administration proposal that includes extending bankruptcy protection to Puerto Rico and allocating more equitable Medicaid and Medicare...


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