The International Monetary Fund and the World Bank have long been criticized for the onerous influence they exert over the domestic policies of many states. … The Rotten Roots of the IMF and the World BankRead more
Economics
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World Wealth Inequality post Covid-19 pandemic
[youtube https://www.youtube.com/watch?v=PFwIOJc2a3Y&rel=0&feature=relmfu]
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Married mothers who earn more than their husbands take on an even greater share of the housework
While new mothers frequently take on a greater share of housework than their spouses, this effect is even more pronounced in mothers who earn more … Married mothers who earn more than their husbands take on an even greater share of the houseworkRead more
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Desperate Indians used up their savings, took loans to survive COVID-19 pandemic
[youtube https://www.youtube.com/watch?v=q_ah7WZYTiY&rel=0&feature=relmfu] dollars/day : pre-post covid-19 13.4 crore. Increase happened only for poor $2.01 – 10 : low income. 119.7 -> 116.2 crore $10.01 – … Desperate Indians used up their savings, took loans to survive COVID-19 pandemicRead more
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US corporate profits hit new record
As the death toll from the pandemic continued to mount, US corporations enjoyed the widest profit margins in more than 70 years during the second … US corporate profits hit new recordRead more
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There Are Better Ways for Societies to Address Inflation Than by Hiking Interest Rates
“As usual, the profit-driven concerns of big business and their result—a remarkably selective historical amnesia—fuel the silence about alternative anti-inflation policies. So too do the … There Are Better Ways for Societies to Address Inflation Than by Hiking Interest RatesRead more
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Based on Islamic socialism
[youtube https://www.youtube.com/watch?v=HvGWGsy7SKU&rel=0&feature=relmfu] Behrooz Ghamari-Tabrizi. The World Today
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719 Billionaires Now Own Four Times More Wealth Than Poorest 165 Million Americans Combined
After seeing their fortunes surge during the deadly coronavirus pandemic, America’s 719 billionaires are now collectively worth $4.56 trillion—making them over four times wealthier than … 719 Billionaires Now Own Four Times More Wealth Than Poorest 165 Million Americans CombinedRead more
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Billions Stolen From Black Families by Predatory Lending
[youtube https://www.youtube.com/watch?v=GlwcAx9aVTM&rel=0&feature=relmfu] Bill Black
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10% of the U.S. richest hold 69% of the country’s entire household wealth
The wealthy class in the United States has experienced significant gains in their fortune, dwarfing the cumulative household wealth of the lower class. The U.S. … 10% of the U.S. richest hold 69% of the country’s entire household wealthRead more