The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...

Missing job cards, fudged muster rolls and diversion of NREGS funds through fake bills. What the Rajasthan social audit has revealed is the tip of the iceberg.  Bhilwara-2009 invited a swift and strong backlash — the government backed off realising it had stepped into a quagmire of corruption The battle being fought in the panchayats, streets, offices, and courts of Rajasthan is not just about social audit To understand why civil society...

The global drive to eradicate malaria is beginning to show dividends, with more than a third of the most affected African nations slashing the number of cases of the deadly infection by half, according to a new United Nations health agency report released today. The 2009 World Malaria Report, produced by the World Health Organization (WHO), said that funding to fight the mosquito-borne disease had more than doubled, from $730...

Paul A. Samuelson (May 15, 1915 — December 13, 2009) has often been described as the foremost academic economist of the 20th century. Randall E. Parker, the economic historian, has called him the “Father of Modern Economics”. All this may be hotly disputed in Chicago, but in any case, Samuelson was the first American to receive the Nobel prize in economic sciences. The Swedish Royal Academy’s citation stated that he...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...