Press Clip

Rethinking Bretton Woods | Tue, Oct 1, 2013

Credit Rating Reform Overlooks Developing World

Inter Press Service New Agency (IPS) quotes Aldo Caliari, Center of Concern's director of Rethinking Bretton Woods Project in its September 15, 2013 article, "Credit Rating Reform Overlooks Developing World." The article notes that even in countries not issuing debt, credit ratings serve as "benchmarks for bonds issued by firms in  the country." Caliari says, "This bias incentivises developing countries to adhere strictly to rules dictated by CRAs." According to article author, Samuel Oakford, "Emerging markets began to be rated by CRAs in the 1980s and 90s, a period that overlapped with the rise of market-based antidotes to the economic ills of the developing world. The mutually influential mix was not always fortuitous for borrowers."  Caliari says, "The standards imposed by CRAs can favour austerity and punish countries that increase social spending, without regard to growth. That ratings are meant to predict a very narrow occurrence, sovereign defaults, is part of the problem. Many incorrectly assume that ratings reflect the overall health of an economy."

Education for Justice | Fri, Sep 27, 2013

Institute for Advanced Catholic Studies Conference Explores Post-Vatican II Catholic Intellectual Life

Director of Center of Concern’s Education for Justice Project Patrick Finan pauses with statue Center of Concern's co-founder Very Rev. Pedro Arrupe, S.J. on display at the University of San Francisco. Finan returns from Lógos of Love Conference, organized by the Institute for Advanced Catholic Studies at the University of Southern California, with new insights on the future of Catholic intellectual life. Finan says, “The Conference brought together scholarly representatives from a vast array of disciplines, including theology, philosophy, science, history, literature, fine arts and music. Speakers focused on the promise and predicament of Catholic intellectual life in a post-Vatican II environment. Discussions raised concerns over the need for Catholic tradition and thought dedicated to ecumenism and interreligious dialogue." 

Global Women's Project | Fri, Sep 27, 2013

Mythologies of Women's Identities Complicate Contemporary Empowerment

Deva Kemmis, Ph.D., Director of Center of Concern's Global Women's Project, speaking at the American Goethe Institute, Washington, D.C., says that contemporary women must still work to overcome misleading stereotypes that limit their empowerment in the global workforce. Kemmis researches women's historical identities that perpetuate the obstacles to women securing their place as entrepreneurs and leaders. Incorporating literary, political, and historical references and images in her presentation, Kemmis's work asks that viewers investigate the visual presentation of women today. She asks, "What is really going on when women's identities are portrayed as mythological creatures such as sirens and mermaids and how do those images complicate women's progress?" 

A 'Flawed' Doing Business Report (May 2013)

Rethinking Bretton Woods | Mon, May 20, 2013

A 'Flawed' Doing Business Report (May 2013)

In an op-ed appeared on the Wall Street Journal (May 15 2013), Aldo Caliari discusses the Doing Business report and the associated rankings that the World Bank issues year after year. “The conceptual flaw Doing Business suffers from is the illusion that a universal numerical ranking can capture the evolution of variables whose significance for development (and even for businesses themselves) are bound to be quite different country to country, ” he says.