Does the greatest financial crisis since the Wall Street crash of 1929 mean that the 'capitalism as we know it' has reached its end? TNI panelists analyse the causes and consequences of the on-going global financial crisis and discuss its profound implications for a changed world order.

The European Space Agency´s (ESA) €10 billion budget, agreed by EU Ministers at a meeting in The Hague today, gives Europe´s misguided militarisation of space a further boost.

Obama’s historic victory breaks the conservative spell at this watershed moment in global affairs, but it would be wrong to pin too many hopes on him, writes Praful Bidwai.

This moment of collapse of banks and their total dependence on public authorities is the moment to turn them into public utilities, argues Hilary Wainwright.

In his first 100 days of presidency Obama should decisively get rid of two milestones – Iraq and Afghanistan, and clear the way for focusing on the truly gigantic task ahead, argues Walden Bello: to transform the American economy and the global economy.

A new US administration will provide an opportunity for change, but it will take a powerful, mobilized antiwar movement to hold a new administration accountable to promises made, argues Phyllis Bennis.

The aim of a US military base in Peru is not the war on drugs, argues Ricardo Soberon, but control over territory and the containment of the Bolivarian project in South America.

The expiration of the UN mandate at the end of the year should lead to an immediate recognition of the illegality of the US occupation of Iraq and the withdrawal of all US troops, says Phyllis Bennis.

After the UN decided to allow more efficient coal-fired power stations to gain carbon financing as an offset project, the carbon market is now being used to support new coal in the South as well as the North, writes Kevin Smith.

India’s counter-terrorism strategy, which has become deeply communalised and duplicitous, will only strengthen terrorism’s sources and roots, argues Praful Bidwai.