News
"Green" tariff law in Ukraine did not accomplish its goals
May 28, 2009Ukraine stimulates usage of alternative energy sources with revised green tariff rules Last September Ukraine's parliament adopted the first law in the country designed to stimulate use of alternative sources of energy through introduction of the so...
Barroso Unveils Plan to Stem Future Financial Crises
May 28, 2009By Lisa Bryant The European Union's executive arm has proposed far-reaching financial reforms to help prevent future financial crises, like the one now pummelling Europe and the rest of the world. European officials hope to put the reforms in place...
- May 28, 2009
By Lisa Bryant OPEC members have decided to keep the cartel's production unchanged following a ministerial meeting in Vienna. The decision is based on expectations that the world may soon recover from its economic slump. OPEC's decision to keep...
ILO Paints Bleak Picture of Global Jobs Crisis
May 28, 2009By Lisa Schlein The International Labor Organization is predicting between 210 million and 239 million people around the world will be unemployed in 2009. That corresponds to global unemployment rates of 6.5 and 7.4 percent respectively. The organization...
Ending economic crisis simply and easily, in America and globally
May 28, 2009Ending economic crisis simply and easily, in America and globally (Part I) By Stephen Lendman Some of the best ideas are often the simplest. When applied to the global economic crisis, the solution is easier than imagined. What's hard, in fact a Gordian...
Russia Rejects Ukraine Gas Proposal, Talks Stall
May 22, 2009Russia has rejected a Ukrainian proposal to defer payment on up to $5 billion in gas storage payments as energy talks between the prime ministers of the ex-Soviet neighbors ended in stalemate. Russian Prime Minister Vladimir Putin dismissed the proposal...
Ukraine Political Infighting Impacts Economy
May 22, 2009By Anya Ardayeva Ukraine's constitutional court has postponed the date of presidential elections from October until January - a move that buys more time for President Viktor Yuschenko who is likely to face a tough re-election challenge. The ruling...
Russian Gas Pipeline-Project Runs Over Laws, Environment
May 19, 2009By Paul Goble Even as ecologists were celebrating a rare victory in the Russian Supreme Court, reports from the Komi Republic show that Gazprom’s construction of a 1100-kilometer pipeline from the Yamal peninsula involves “the crudest...
1,100 GM Dealerships Closing in U.S.
May 15, 2009General Motors on Friday told about 1,100 of its dealers, some 20 per cent of the total number, will be closed by late next year. Dealers across the nation are awaiting word from the company on whether they will be fired. The GM dealerships will be...
789 Chrysler Dealerships Closing in U.S.
May 15, 2009Chrysler filed a motion in the US Bankruptcy court in New York where it said it intends to close down 789 dealerships (see map with locates) by June 9 because most of the dealers were reporting low sales and the major bulk of sales were coming from 5...