Economics

15.05.2020

Sanders and Omar Lead 300+ Global Lawmakers in Call to Protect Developing Countries from Economic Ruin

Sanders and Omar Lead 300+ Global Lawmakers in Call to Protect Developing Countries from Economic Ruin

Sen. Bernie Sanders (I-Vt.) and Rep. Ilhan Omar (D-Minn.) led more than 300 international lawmakers across two dozen countries in a letter to the leadership of the World Bank and the International Monetary Fund (IMF) today, calling on the international financial institutions to cancel low-income countries’ debt in response to… »

14.05.2020

Those Who Have, Shall be Given

Those Who Have, Shall be Given

Corona crisis and corona relief measures reinforce inequality and the north-south divide within the EU. Germany consolidates its hegemony. Foreign policy experts in Germany and the EU’s Foreign Affairs Commissioner Josep Borrell are warning that Brussels’ corona relief measures could widen the EU’s economic gap. So far, the EU’s reaction… »

14.05.2020

National​ Shake Up Congress Protest and Car Parade​ on Saturday 5/16 Calls on Congress to Institute Monthly Stimulus Payments to the People

National​ Shake Up Congress Protest and Car Parade​ on Saturday 5/16 Calls on Congress to Institute Monthly Stimulus Payments to the People

Increasingly high numbers of Americans support monthly payments to the people during the Corona crisis, but Congress is not listening. ​As millions of Americans confront the economic reality of being out of work for months as a result of COVID-19 social distancing measures, ​bipartisan public support for the government to… »

13.05.2020

Universal basic income the right prescription for Latin America & Caribbean – UN report

Universal basic income the right prescription for Latin America & Caribbean – UN report

A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) unveiled on Tuesday, proposes that governments ensure immediate temporary cash transfers to help millions of people struggling to meet basic needs, as the massive fallout from COVID-19 ripples across the… »

12.05.2020

Women Taking Charge during COVID-19

Women Taking Charge during COVID-19

By Fairuz Ahmed As the COVID-19 mayhem carries on in most countries, the role of mothers, daughters, and female caregivers have been affected the most. Besides looking after the household and home schooling children, they are also working on the front lines, actively or… »

10.05.2020

What’s happening in Belarus, the only European country to not adopt social distancing

What’s happening in Belarus, the only European country to not adopt social distancing

In power for 26 years, president Lukashenko pokes fun at the risks of Covid-19 while trying to preserve the economy Praveen S. – Brasil de Fato Belarus is the only European country that did not adopt any social distancing measures during the pandemic. As of Saturday May 2nd, the country… »

09.05.2020

Why China is better prepared than other economic powers for any global crisis

Why China is better prepared than other economic powers for any global crisis

While the world’s second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis for a long time. RT talked to economists to find out if Beijing may have foreseen the economic crash and… »

09.05.2020

Time for the World Bank and IMF to Be the Solution, Not the Problem

Time for the World Bank and IMF to Be the Solution, Not the Problem

By Franciscka Lucien and Joel Curtain The World Bank and the International Monetary Fund (IMF) have a historic opportunity to help stabilize a world reeling from COVID-19. Doing so will require the institutions to change course and aggressively support poor countries’ ability to invest broadly in the government services their… »

08.05.2020

Coronavirus and the Universal Basic Income

Coronavirus and the Universal Basic Income

Molly Scott Cato Capitalism isn’t working. We need a Universal Basic Income as we come out of the coronavirus lockdown into the economic – and the climate – crisis. The furlough scheme was an extraordinary move from a Conservative government and an essential underpinning for the incomes of millions… »

07.05.2020

Money is Only Pieces of Paper

Money is Only Pieces of Paper

Money is only pieces of paper. It tears like paper, burns like paper. You can’t eat it, you can’t wrap things in it, you can’t write on it. It’s less useful. Money is a convention. It’s an agreement that, until recently, was linked to the physical presence of a wealth… »

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