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FINANCIAL CRISIS
Exclusive: “Without Aggressive Cash Conservation Measures,” UN Could “Default on Its Legal Obligations,” Warns Antonio Guterres
The severity of the liquidity crisis of the UN, first revealed by The Geneva Observer and outlined in a December 28, 2023, interoffice memorandum by the organization’s controller, has now been confirmed by a subsequent letter from the UN Secretary-General himself, dated January 25, 2024. Antonio Guterres’ note, obtained
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The UN’s Liquidity Crisis Should Not Obscure the Organization’s Value
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UN Liquidity Crisis Prompts Debate About the Organization Itself | Both US and Israel in Need of Demythologizing | AI: Backchannel Diplomacy and Systems of Oppression
The UN in Geneva: Please Leave the Lights Off
The UN is politically embattled these days. It is also seriously cash-strapped. The Palais des Nations will shut down from December 20 and reopen on January 7 in a cost-saving effort to offset increased electricity costs unaccounted for in its regular budget for 2023. “During that period, staff members will
Who Is to Blame for the New Banking Crisis?
William R. Rhodes and Stuart P.M. Mackintosh |In 2018, US lawmakers loosened banking regulations on the spurious grounds that smaller banks do not pose systemic risks to the stability of the financial system. Unfortunately, everyone will have to relearn the hard-won lessons of past banking crises.