Report Calls on New World Bank President to Change Course on Infrastructure

May 16, 2012 by

Infrastructure lending has once again become the World Bank’s core business. A new report by International Rivers reviews the Bank’s track record in the sector, and calls on the new Bank President to replace the top-down approach to infrastructure with a strategy that prioritizes the needs of the poor. In November 2011, the World Bank and the Group of 20 prepared new strategies for infrastructure development.

Paul Krugman’s Economic Blinders

May 16, 2012 by

Paul Krugman is widely appreciated for his New York Times columns criticizing Republican demands for fiscal austerity. He rightly argues that cutting back public spending will worsen the economic depression into which we are sinking. And despite his partisan Democratic Party politicking, he warned from the outset in 2009 that President Obama’s modest counter-cyclical spending program was not sufficiently bold to spur recovery.