Worst Recession in 100 Years
January-February 2009

A minister and close confidante of British premier Gordon Brown had warned that the current recession is worse than the 1930s Great Depression, while the US Congress passed a US$787bil stimulus package containing a strong protectionist element.

Cover Story

Worst recession in 100 years?

A minister and close confidante of British premier Gordon Brown had warned that the current recession is worse than the 1930s Great Depression, while the US Congress passed a US$787bil ...

News

Number of poor Filipinos likely to rise by 4 million in 2009
BON Foundation, Inc.

Using even the government’s unrealistically low poverty line, the number of poor Filipinos will likely increase by 4 million this year from 2006, according to research group IBON Foundation. 

Recession expels migrant workers worldwide
Supachai Panitchpakdi

DECEMBER 2008 (IPS) - As the global financial crisis evolves, more and more migrants will lose their jobs. Because migrants are a key component of the workforce in both developed ...

The economic folly of Charter Change
IBON Media

Cha-cha proponents argue that removing the Constitution’s nationalist provisions is key to reviving foreign investment flows into the country. Yet this is a weak argument for an effort that is ...

International forum pushes radical measures to counter global economic crisis
BON Europe

Amsterdam, 30 January – As corporate CEOs and heads of states gather in Davos, Switzerland for the World Economic Forum, an international panel of experts on political economy and a ...

Globalization Issues

The massacre in Palestine and the threat of a wider war
by Shamus Cooke, Global Research

Yet another Israeli led and U.S. backed massacre is taking place as the world watches in horror. The western media, is desperately trying to peddle the puny rockets of Hamas as ...

Power plays: Reviving the opposition to the Bataan Nuclear Power Plant
by Dr. Giovanni Tapang, AGHAM National Chairperson; Spokesperson, Network Opposed to the BNPP Revival

Thirty three years after the EDSA I People Power Revolution, hundreds of militant activists from Manila once again held a protest caravan against the revival of Bataan Nuclear Power Plant ...

Unemployment to increase dramatically due to economic crisis
by Kanaga Raja, Third World Network Features

The employment outlook for the year is grim as the global economic crisis kicks in. The global economic crisis is expected to lead to a dramatic increase in ...

Philippine labor situation review: Massive layoffs signal global depression
by Ecumenical Institute for Labor Education and Research, Inc. (EILER)

The current deep recession that is expected to lead into a severe depression has began to kick into high gear in the Philippines in the first few weeks of the ...

Special Features

World crisis serious, impact on the Philippines, severe - economist
Ronalyn V. Olea, Bulatlat

“The seriousness of this crisis is such that we cannot expect any solution within the system and certainly not from the US administration, certainly not from the G-20 because within ...