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Come with a Bang, Gone with a Whimper: Outcomes of the Group of 20 Summit

Rethinking Bretton Woods | Fri, Nov 25, 2011

Come with a Bang, Gone with a Whimper: Outcomes of the Group of 20 Summit

The recent summit of the Group of 20 in France was held against a backdrop of a deepening Eurozone financial crisis and the accompanying uncertainty in prospects for the global economy. In the first article in a series assessing the outcomes, Aldo Caliari argues that a minimalist approach was adopted to address failures of the international monetary system.

Share Thanksgiving Gratitude

Center of Concern | Mon, Nov 21, 2011

Share Thanksgiving Gratitude

Faith Leaders from all major faiths gathered Sunday opposite the White House to pray and demand justice for the poor.  As you enjoy Thanksgiving, think about sharing some of your abundance with those most in need - and let your Congressional representative know you are outraged with their lack of attention to those most vulnerable and in need.  Read more . . . .  Happy Thanksgiving.

Center of Concern | Mon, Nov 21, 2011

Center Focus, Issue 190 - Fall 2011

 In this issue:

  • What if... Reframing the Dream - Jim Hug, S.J.
  • Seeing Agriculture Anew - Maria Riley, O.P.
  • Work-Life Conflict in the United States - Julia Wartenberg
  • Why Language Has Moral - and Unpredictable - Effects - Kerry Danner-McDonald
  • Getting Our Focus Right - Jim Hug, S.J.
  • Center of Concern 40th Anniversary Campaign - Jim Hug, S.J.
Cidse Conference on Sustainable Development

Center of Concern | Tue, Nov 15, 2011

What is Sustainable Development?

On 13 and 14 September, representatives of CIDSE member and partner organisations, academics, institutions and the Church from around the world met in Brussels to discuss alternative models of development, which put people and the environment first. Watch a short video clip of participants answering the question, What is Sustainable Development?  You will find cameo appearances of the Center of Concern's Julia Wartenberg and Jim Hug.

Paul Volcker and the Vatican, on the same page

Center of Concern | Tue, Oct 25, 2011

Paul Volcker and the Vatican, on the same page

Washington DC October 25 - The distinction between ordinary credit and investment banking would allow “a more effective management of the 'shadow markets' which have no controls and limits,” according to a document released today by the Pontifical Office of Justice and Peace, an arm of the Holy See. This is one of a number of issues that the document considers should be part of bringing economy and finance back within the boundaries of their obvious responsibilities at the service of society ... Read the full press release.

Uphold Human Rights in Finance, organizations tell the G20

Rethinking Bretton Woods | Tue, Oct 25, 2011

Uphold Human Rights in Finance, organizations tell the G20

More than 190 organizations from over 53 countries demanded that the Group of 20 countries, meeting in Cannes on November 3-4, uphold their human rights responsibilities in financial decision-making. The statement calls for:

  • Endorsement of worldwide stimuli measures according to human rights principles;
  • Reforms to prevent speculative activity in financial markets from undermining the enjoyment of human rights;
  • Action to limit the damage to public funding of financial institutions that collapse due to excessive risk-taking
  • Regulations of bank capital requirements consistent with human rights standards;
  • Agreement to increase the relative fiscal pressure on the banking sector and to cooperate to increase transparency and mutual accountability in revenue mobilization;
  • An agreement to drastically reduce greenhouse emissions which contribute to climate change.

Read full statement.

Center of Concern | Fri, Oct 21, 2011

Strong Vatican Document on Financial Reform

In an article released October 21st, Tom Reese, S.J. of the Woodstock Theological Center alerts us to a new Vatican call for global financial reform that will be published October 24th.  Calling it "radical," he outlines some of the positions the document will underline.  A similar story appeared in CNS online.  This development supports the important work done by Aldo Caliari and his colleagues through the Center's Rethinking Bretton Woods Project.

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