Economy News

Global food prices set record in 2011

Children in Madagascar. Seventy percent of Malagasy people suffer from malnutrition. Photo by: Rhett A. Butler. Last year saw the highest average food prices since recording began in 1990, according…

Top 20 banks that finance big coal

A new report from civil and environmental organizations highlights the top 20 banks that spend the most money on coal, the world's most carbon-intensive fossil fuel. Released as officials from…

Civilization shifting: a new leaderless era

Self-organizing networks and open-source ventures in the age of global disruption "The American Empire, and the global political economy it has spawned, is unraveling—not because of some far-flung external danger,…

Tea party versus Madagascar’s forests

Children in Madagascar. Photo by: Rhett A. Butler. The Tea Party and the African island-nation of Madagascar are having dueling concerts over the issue of illegal logging, reports the Associated…

Germany backs out of Yasuni deal

Germany has backed out of a pledge to commit $50 million a year to Ecuador's Yasuni ITT Initiative, reports Science Insider. The move by Germany potentially upsets an innovative program…