The pashmina bubble that buoyed the garment industry in the late 1990s has burst. Fashion trendsetters have moved on, leaving a glut of cheap Chinese knock-offs in their wake.
In April 2000, some 30,000 activists came to Washington to protest the spring meetings of the IMF and World Bank. The fall meetings are an even more important target for protests: instead of a few hundred bankers and bureaucrats, about 20,000 usually descend on Washington for the annual meetings.
Under a strong summer sun and a broad political proclamation that "Another world is possible," tens of thousands of activists from around the world are arriving here for the second annual World Social Forum. The host, like last year, is Brazil's southernmost major city, capital of the state of Rio Grande de Sul.
The mining industry has a worldwide image problem. In developing and developed countries alike, the public tends to regard mines as dirty, dangerous and disruptive - and those who stand to profit from them as greedy despoilers.
Worries by Brazil's government over plans by a grassroots movement to hold a plebiscite on the country's huge debt costs gathered steam this week as the vote aiming to force attention on deep social inequalities approached.
BUENOS AIRES-- Leaders of Protestant churches of Latin America, tired of alleviating social problems that they blame on neo-liberal free market policies, have decided to advance their own alternative proposals to governments and the multilateral lending institutions.
Bank of America leads the list of companies that have paid over $1 billion in penalties and fines to the U.S. government in the last six years. Violation Tracker, a new corporate misconduct database maintained by Good Jobs First, estimates that the North Carolina bank has paid $56 billion.
Disappointment at the World Bank's decision to finance the controversial Chad-Cameroon pipeline had hardly subsided when the ramifications of an International Monetary Fund (IMF) structural adjustment program in Cameroon risks creating Africa's latest crisis.
Hundreds of protesters in Palu, Central Sulawesi, threw rocks at the provincial headquarters of President Megawati Sukarnoputri's political party. Police fired off at least two rounds of warning shots. There have been daily protests since the government increased fuel prices by 22% a fortnight ago as part of a package of economic reforms approved by the International Monetary Fund.
MASERU, Lesotho -- Advocates of corporate accountability are pointing to the sweeping implications of a landmark verdict delivered Tuesday by the High Court in the tiny kingdom of Lesotho that a Canadian multinational company was guilty of paying bribes to win contracts on a dam project.