Mobile Version
Free Internet Press
  Uncensored News For Real People


FIP Year In Review

FIP Month in Review

FIP Archive Search




2014-07-09
R.I.P. William 'Bill' Herbert Kelder - Intellpuke

2013-11-28
Gamers Donate 37,500 Pounds Of Food To Needy

2013-09-30
Statement From The Whitehouse Regarding The Government Shutdown

2013-09-29
An Open Response To 'Organizing for Action'

2013-08-26
Bayou Corne: The Biggest Ongoing Disaster In The U.S. You Have Not Heard Of

2013-04-21
Boston Mayor Hopes Feds 'Throw the Book' at Marathon Bombing Suspect

2013-04-19
Boston Police Closing In On Suspects

2013-04-15
2 Explosions At Boston Marathon. 2 Dead, Many Injured.

2013-01-03
The Press vs Citizens Rights and Privacy - Act 3

2012-12-30
CBS News - Year In Review 2012

Nature.com - 366 Days: 2012 In Review

The Guardian - 2012 In Review: An Interactive Guide To The Year That Was

TruTV - The Biggest Conspiracy Theories of 2012

Colbert Nation: 2012: A Look Back

FIP Year In Review(s?)

2012-12-25
Happy Holidays

2012-12-21
Welcome To A New Era!

2012-12-16
An Open Letter To United Health Care, Medcom, And The Medical Insurance Industry In General

2012-11-17
Whitehouse Petition To Remove "Under God" and "In God" From Currency And The Pledge.

2012-11-15
December 21, 2012

2012-11-11
If Hillary Clinton Ran For President, She Would Probably Be The Best-prepared Candidate In American History

2012-11-10
CIA Director David Petraeus Resigns After FBI Investigation Uncovers Affair With High-Profile Journalist

FIP Format Update

2012-11-07
Thank you for voting.

2012-11-06
Live Election Results

2012-09-30
FIP In Hiatus

2012-09-18
U.S.-Afghan Military Operations Suspended After Attacks

Iran Nuclear Chief Says IAEA Might Be Infiltrated By 'Terrorists And Saboteurs'

Romney Stands By Gaffe

2012-09-17
President Obama Says China Trade Practices Harm American Auto Parts Workers


IMF Chief Legarde Warns World Risks Triple Crises
2012-06-13 02:39:34 (111 weeks ago)
Posted By: Intellpuke
Christine Legarde, the head of the International Monetary Fund, warned that the world risks a triple crisis of declining incomes, environmental damage and social unrest unless countries adopt a more sustainable approach to economic growth.

Ahead of the Rio+20 Earth summit later this month, she said the rich should restrain their demands for higher incomes while there are still 200 million people worldwide looking for a job and poverty is on the rise.

Giving her clearest backing yet to green taxes and a range of measures to protect the environment, she argued for taxes on petrol-guzzling cars among a range of green measures to tackle climate change.

"It has been 20 years since world leaders first went to Rio to commit to the noble goal of protecting the planet for future generations. And now, 20 years on, we will be journeying back to Rio to affirm our commitment to sustainable development - the idea that we should strive for economic growth, environmental protection and social progress at the same time," she said in a speech in Washington on Tuesday.

"The idea that different economic, environmental and social objectives can be seen as distinct aspects of a single vision, essential parts of a connected whole."

She also said the current economic crisis in Europe and slowing growth worldwide, coupled with the growing threat from climate change and social tensions could wreck the efforts of leaders to chart a more sustainable future.

"Over the past four years, we have been mired in the worst economic crisis since the Great Depression. And we are not out of it yet.

"In fact, tensions are on the rise again, and financial stability risks have once more moved front and center. Great uncertainty hangs over global prospects.

(story continues below)




"Too many regions today are still stuck in a trap of low growth and high unemployment," she said.

"Right now, 200 million people worldwide cannot find work, including 75 million young people trying to take their first step on the ladder of success.

"So we need a strategy that is good for stability and good for growth – where stability is conducive to growth and growth facilitates stability."

Lagarde, a right-wing former French finance minister, recently caused a storm of controversy after she accused Europeans of blocking progress to end the current financial crisis. Asked if she sympathized with Greeks impoverished by austerity measurers demanded by Brussels, she said the children of Niger were more her concern. It also emerged that Lagarde pays no tax on her $467,940 (£298,675) a year salary.

Ahead of the summit, she said taxes on petrol and other carbon fuels could raise billions of dollars for green investment projects. "Right now, less than 10% of worldwide greenhouse gas emissions are covered by formal pricing programs. Only a handful of cities charge for the use of gridlocked roads. Farmers in rich countries are undercharged – if charged at all – for increasingly scarce water resources."

She added: "Many countries continue to subsidize polluting energy systems. These subsidies are costly for the budget and costly for the planet. Countries should reduce them. In doing so, they must protect vulnerable groups by tightly focusing subsidies on products used by poorer people, and by strengthening social safety nets."

Intellpuke: You can read this article by Guardian Economics correspondent Phillip Inman in context here: www.guardian.co.uk/business/2012/jun/12/imf-world-risks-triple-crisis-christine-lagarde


Email To A Friend
Email this story to a friend:
Your Name:
Their Email:
 
Readers Comments
Add your own comment.
(Anonymous commenting now enabled.)

Creative Commons License
Free Internet Press is licensed under a Creative Commons Attribution 3.0 United States License. You may reuse or distribute original works on this site, with attribution per the above license.

Any mirrored or quoted materials may be copyright their respective authors, publications, or outlets, as shown on their publication, indicated by the link in the news story. Such works are used under the fair use doctrine of United States copyright law. Should any materials be found overused or objectionable to the copyright holder, notification should be sent to editor@freeinternetpress.com, and the work will be removed and replaced with such notification.

Please email editor@freeinternetpress.com with any questions.

Our Privacy Policy can be viewed at https://freeinternetpress.com/privacy_policy.php

XML/RSS/RDF Newsfeed Syndication XML/RSS/RDF Newsfeed Syndication: http://freeinternetpress.com/rss.php

XML/RSS/RDF Newsfeed Syndication XML News Sitemap