Economic crisis to put 1 Billion 3rd world people into poverty-1/2

Martin Khor on the Global Economic Meltdown: "We Could Have One Billion More People in the Developing World Plunging into New Poverty Because of this Crisis"

President Obama is scheduled to sign the $787 billion economic stimulus plan into law at a ceremony in Denver today. Tomorrow in Phoenix, Obama is expected to tackle the home mortgage crisis and roll out a plan to stem the huge rise in foreclosures. While there has been much discussion in the media on the state of the US economy, what about the rest of the world? From Greece to Guadeloupe, from Italy to Indonesia, from Chile to China, from Egypt to India, countries across the globe are feeling the heat of the recession that started over a year ago in the United States. We speak to economist Martin Khor of the Third World Network based in Malaysia. [includes rush transcript]

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News & Politics

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• martin
• khor
• economic
• crisis
• poverty
• democracy
• now

[starmanskye]

Goddamn asshole -- his 'silver lining' of the lower oil prices in 2009 will be 'hurtful' to Venezuela; What fuckin clueless Zombie war-monger Globalist puppets these scum are. STILL the fatcat banks that caused an unprecedented theft of public wealth have gone unpunished, even gloating at billions in bonuses! Madness! Faux-democracy triumphs again! Setting the stage for another global war, HuzzAH!

[ihyottha]

its the near end of the world

[tonylee1973]

I don't think the problem is a lack of oil. There is a plenty of oil out there. Even cheap oil. If oil went down to zero we would still have the same problems.

[Chhaylin]

She looks like Noam Chomsky.

She sounds like Noam Chomsky.

Is she his wife?

[nota2cdtime]

Petroleum energy was the substance enjoyed for the past 100 years. What comforting words can one say when he or she observes the withdrawal effect on a global scale? "Man has dominated man to his injury?"

[silversalvo]

Thanks for the upload. Has always , "Democracy now" is a most welcomed source of information. Keep up the good work.