Lurking on the east bank of the Hudson River, the frail Indian Point nuclear plant has made headlines before due to its faulty emergency cooling system that was deemed “…certain to fail” by nuclear engineers.  According to engineers, the head company Entergy has known about its mechanical issues and lackluster nuclear meltdown plan for over [...]

Researcher: Rachel Dzuck, St. Cloud State University Faculty Evaluator: Julie Andrzejewski The IDB (Inter-American Development Bank) is celebrating its 51st anniversary this month and governors are expecting a big birthday present – millions of dollars into their hands in recognition of their solutions to the global economic crisis in many regions of Latin America including, [...]

AIG’s bailout permitted the company’s use of $25 billion in government money to buy back toxic securities from Wall Street’s big banks. AIG was the world’s top player in the trade of credit default swaps - exotic instruments blamed for fueling the cascade of financial disasters in 2007 and 2008. The company ultimately received four separate federal bailouts [...]

The deadly trade in cluster bombs is funded by the world’s biggest banks who have loaned or arranged finance worth $20bn  to firms producing the controversial weapons, despite growing international efforts to ban them. HSBC, led by ordained Anglican priest Stephen Green, has profited more than any other institution from companies that manufacture cluster bombs. The British bank, [...]

The World Bank, funded by British taxpayers, has pledged an undisclosed amount of money to fund programs that avoid deforestation in the Amazon. However, it has recently been reported that the World Bank is also funding programs that are promoting the expansion of cattle ranching in the Amazon, which is the second leading cause of [...]

United Nations special rapporteur Raquel Rolnik reports that the wealthy United States citizens are ignoring the ever growing homeless crisis while pumping billions in bank rescues. Rolick claims that instead of spending money on other expenses the United States should be putting more money into lifting its people out of homelessness and substandard, overcrowded housing. [...]

President Obama used his sixth signing statement to negate provisions of US legislation that would have compelled the World Bank to strengthen labor and environmental standards.  Obama also refused to require the Treasury department to report to congress on the activities of the World Bank and the International Monetary Fund (IMF).  One section negated would have compelled US World Bank representatives [...]

Seventy-five percent of US companies in eight industries use forced arbitration. In most cases, consumers are stripped of their right to go to court over disputes when they open a bank or credit card account, obtain cell phone service, hire a stockbroker or buy a house. The same is true when consumers buy computers or obtain [...]