The Financial Crisis Inquiry Report


Book Description

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.




Building from the Rubble


Book Description

Building from the Rubble is the latest volume to trace the history of Zimbabwes labour movement, following Keep on Knocking (1997) and Striking Back (2001). Even though it focuses on the period between 2000-2017, the analysis reviews the changes in trade unionism throughout the post-colonial era. For much of this period, the unions faced massive challenges, including state violence and repression, funding limitations, splits, factionalism, and problems of organising at factory level. Perhaps the greatest challenge was the massive structural change in the economy. Deindustrialisation and the informalisation of work decimated the potential membership of the unions and redefined the trajectory of the movement. The growing precarity of work and the loss of formal employment placed the future of trade unions in great jeopardy. Notwithstanding these challenges, the importance of the labour movement continued to resonate with workers. The editors conclude that the unions needs to reconnect with their social base at the workplace, and rebuild structures and alliances in the informal economy, the rural sector, and with residents associations and social media movements. This they write is a critical post-Mugabe agenda that should be seized by the labour movement at all levels, from shop-floor to district, regional and national spaces.




Building from the Rubble


Book Description

Building from the Rubble is the latest volume to trace the history of Zimbabwe’s labour movement, following Keep on Knocking (1997) and Striking Back (2001). Even though it focuses on the period between 2000-2017, the analysis reviews the changes in trade unionism throughout the post-colonial era. For much of this period, the unions faced massive challenges, including state violence and repression, funding limitations, splits, factionalism, and problems of organising at factory level. Perhaps the greatest challenge was the massive structural change in the economy. Deindustrialisation and the informalisation of work decimated the potential membership of the unions and redefined the trajectory of the movement. The growing precarity of work and the loss of formal employment placed the future of trade unions in great jeopardy. Notwithstanding these challenges, the importance of the labour movement continued to resonate with workers. The editors conclude that the unions needs to reconnect with their social base at the workplace, and rebuild structures and alliances in the informal economy, the rural sector, and with residents’ associations and social media movements. ‘This’ they write ‘is a critical post-Mugabe agenda that should be seized by the labour movement at all levels, from shop-floor to district, regional and national spaces.




Beyond the Enclave


Book Description

Beyond the Enclave sets out to unravel the contradiction of a country, Zimbabwe, where a rich, diverse resource base co-exists with endemic poverty. One reason lies in the colonial economy, which was predicated on an ideology of white supremacy, creating an enclave formal economy employing one-fifth of the labour force. Yet over three decades after independence, the non-formal segment has become even more entrenched. This book assesses Zimbabwe's economy through three main phases: 1980- 0 when a strong social policy framework proved difficult to sustain due to erratic growth, and 1991- 6, when "structural adjustment" demanded a market-driven approach to development. The third phase is characterized by crisis-management leading to policy inconsistencies and reversals. Not surprisingly, such incoherence saw the economy descend into hyperinflation and paralysis in 2007- 8, leading to the signing of the Global Political Agreement in September 2008. In the absence of formal dollarization, economic recovery after the adoption of the multi-currency regime has remained fragile, leaving an estimated 70 per cent of the population outside the banking system. This has further entrenched uneven (enclave) growth as the economy remains locked in a low-income poverty trap. There is a need to facilitate transition towards formality to promote decent jobs. Furthermore, a strategic, developmental role for the state in the economy is now widely recognized as vital for development. Beyond the Enclave argues for a new approach to development in Zimbabwe based on pro-poor and inclusive strategies, which will contribute to the well-being of all of its citizens and wise stewardship of its resources. It offers suggestions on policy formulation, implementation, monitoring and evaluation in all sectors, designed to promote inclusive growth and humane development.




AIDS


Book Description

In one short decade, the politics of AIDS has become the politics of survival. In a world whose social order is changing before our eyes, AIDS insistently brings new meaning to the age-old question of what it is we must do to survive-as individuals, as families, as communities, as nations, as members of an interdependent world. This book brings together a collection of articles that frankly discuss what it will take to stop the AIDS epidemic and deal with the devastation it has already wrought.




Everyday Forms of Peasant Resistance


Book Description

Peasant rebellions are uncommon. "Everyday Forms of Peasant Resistance" explores peasants' foot dragging, feigned ingorance, false compliance, manipulation, flight, slander, theft, arson, sabotage, and similar prosaic forms of struggle. These kinds of resistance stop well short of collective defiance, a strategy usually suicidal for the subordinate. The central argument about peasant resistance is presented in the opening chapter by James Scott in which he summarizes and extends the thesis of his book on Malaysia's peasantry, "Weapons of the Weak". Scott's ideas are employed and refined in the ensuing seven country studies of peasant resistance: Poland, India, Egypt, Colombia, China, Nicaragua and Zimbabwe.




Macroeconomic and Structural Adjustment Policies in Zimbabwe


Book Description

The policy relevant analysis of this volume examines nearly twenty years of Zimbabwe's macroeconomic and structural adjustment experiences since independence. Part One analyses the impact on economic growth, inflation, employment and labour markets. Part Two deals with financial liberalization, and the financial turmoil and currency crisis experienced in the wake of reforms. Part Three examines trade liberalization and its impact on investment and income distribution. Part Four gives sectoral perspectives on the agricultural, manufacturing and health sectors.




Zimbabwe


Book Description

Dashwood argues that it was the class interests of the ruling elite of Zimbabwethat explains the failure of the government to devise a coherent, socially sensitive development strategy in conjunction with market-based reforms.




Poverty


Book Description

This book addresses the long-standing global issue of poverty. An introductory chapter explores concepts and definitions of poverty, the subsequent chapters providing detailed examinations of poverty in ten different countries: UK, USA, Australia, Canada, Hong Kong, Ireland, Malta, The Netherlands, The Philippines and Zimbabwe. Each chapter follows a consistent format, to facilitate comparison and focuses on the following issues:- * the socio-economic and historical context within which poverty exists * the extent and nature of poverty its causes * the measures that have been taken to mitigate it. This book will be essential reading for students of social policy and administration as well as development studies and anthropology.