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May 2009: The Global Economic Crunch: A Crisis?
The “global financial crisis” has been receiving lots of attention in the mainstream media lately, but there remains confusion about its nature: Is it a recession, a depression, a credit crunch or a self-correction of the market? Some think the crisis has been exaggerated, pointing out that developing nations have been faring much worse for decades than the developed nations are doing at present. Some governments have responded fast, bailing out large industries like banking and automakers.
featured writing
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Finding balance in a stormy sea by Mike, Uganda
Today, one US dollar costs 2160 Uganda shillings. A little petrol costs 2240 Uganda shillings, which is a dollar and some cents. That means that the prices of all other consumer items are skyrocketing in this part of the world.
While not so many people have lost their jobs in Uganda, their wages (unchanged despite high inflation) cannot buy them food and leave...
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Fair Trade- from the jungles of Latin America to the stores of North America by Samantha, Canada
I walked through the jungle that day in June, looking at Freddy’s farm and all it contained. When he proudly showed me his coffee plants, I was unaware that he was one of the few organic certified farmers in this remote area of Ecuador. He then took me to see the cacao plants. That day, in the middle of the forest in the Esmeraldas province of Ecuador, Freddy, a local...
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The poor man's cry by NUXE DANIEL THOMAS, Liberia
We can’t reject their constant pleas,
Betrayed by time, we bear their suffering with no hope.
Our children are taken as slaves
And ceaselessly toil, enriching their dinner tables.
In their house of justice we are denied the very fruit for which we labored:
Equal rights and privileges.
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Oliver Twist by Edionseri Endurance Omorogiuwa, United Kingdom
O my boy!
O my courageous boy!
You weren't wrong to ask for more.
In truth, you needed more,
But sometimes the rules are fixed.
Though cruel, for you they can't be bent.
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