John Cavanagh has been director of the Washington-based Institute for Policy Studies since 1998. IPS has recently released the new report Barely Making the Grade: Obama’s First Year. Cavanagh has written 13 books on the global economy, most recently (with Robin Broad),  Development Redefined: How the Market Met its Match.  He is on the boards of the International Forum on Globalization, the new foundation of the Congressional Progressive Caucus, and several other groups. He has been involved in coalition-building efforts on economic justice from the anti-NAFTA fights of the early 1990s to the coalitions around the WTO and debt and, most recently, the work against the bailout of Wall Street.