News Archives » financial crisis
G20: Prioritize the Needs of the Poor April 7th, 2009
On April 2, the Group of Twenty (G20) World leaders met in London to discuss the global financial crisis and explore ways to address the situation. Created in 1999, the G20 is a meeting of Finance Ministers on matters of global finance. It is composed of a group of seven (G7) wealthy nations, namely Germany, the United States, Britain, Japan, Canada and Italy; 12 members from Argentina, Australia, Brazil, China, India, Indonesia, South Korea, Mexico, Russia, Saudi Arabia, Turkey and South Africa (the only Africa nation in the G20) and representatives from the World Bank, the International Monetary Fund (IMF) and the European Union.
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The Spring 2009 issue of JPIC Report now available March 18th, 2009
The Spring issue of JPIC Report is now available, with hyperlinks to email addresses and websites mentioned in the text. (Download PDF)
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Foreclosure Prevention and Job Stimulus Plans Presented to Rep. Howard Berman of California February 4th, 2009
The Oblates of Mary Immaculate staff three parishes in the Los Angeles area. They are active supporters and participants in an effort to address the acute challenges facing homeowners and others hit by the severe economic downturn in their area.
Two proposals to stem foreclosures and stimulate job training were presented recently to the area’s Congressional representative, Howard Berman, a senior democrat in Congress. Presentation took place on January 25 at an assembly of more than 500 people from churches, synagogues and unions in San Fernando CA.
One LA Job Training Plan (PDF)
Europeans Call for a Moral Economic System January 22nd, 2009
Non Governmental Organizations meeting in Paris issued a declaration on the financial crisis that those working with the poor will find very useful. It is a concise and clear call for engagement in the forthcoming debate on the financial system, its purpose and governance.
Paris Declaration (PDF available in English, Spanish, French, German, Italian)
European leaders have stressed the need for Europe to play a significant role in the G20 Summit scheduled for April in London. There, the group of leading and emerging countries will hammer out ways of reinforcing the architecture of global regulation. Speaking at a conference in Paris on the future of capitalism, the leaders of the EU’s powerhouse member states agreed on the need to make long-term changes to the old financial order, which Sarkozy said had been “perverted” by an “amoral” form of unbridled finance capitalism.
