At this year's World Economic Forum in Davos, which closed its doors yesterday, one of the hot debates was that capitalism, in its current form, no longer fits the world around us. An obvious example of  capitalism going in the wrong direction is the project plan of the Russian state company OJSC "Northern Caucasus Resorts" to turn the Northern Caucasus Region into a $15 billion tourism cluster…read more >> | share >>

Administration deals a blow to Big Oil and its cronies in Congress, takes a stand for Americans' health and livelihoods, and a safe climate

Today, the Obama administration rejected the permit for the Keystone XL tar sands oil pipeline sought by Canadian oil firm TransCanada, determining that the project was not in the national interest.

"President Obama has shown bold leadership in…read more >> | share >>

European banks, pension funds and insurance companies are increasing global hunger and poverty by speculating on  food prices and financing land grabs in poorer countries, according to a  new report released today (January 12) by Friends of the Earth Europe. [1]

The report analyses the activities…read more >> | share >>

On the eve of Christmas, the Dutch TV program Zembla broadcast the documentary Trade in Hunger, focusing on the activities of Dutch financial institutions on the derivates market in staple foods such as corn, grains, and sugar. This TV programme is based on the new SOMO report ‘Food Markets in Dutch. Dutch banks and pension funds in agricultural derivatives markets', published today,…read more >> | share >>