[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
Economics
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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
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Sri Lankan PM Resigns
Sri Lanka, where the government has granted emergency powers to its military and police forces after protests erupted in the capitol Colombo as the country … Sri Lankan PM ResignsRead more
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Global Billionaire Wealth Surges $4 Trillion Over Pandemic
As over 2.8 million people have died globally from COVID in the past year, the wealth of the world’s billionaires has surged. The planet’s 2,365 … Global Billionaire Wealth Surges $4 Trillion Over PandemicRead more
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Over 25 Years, World’s Wealthiest 5% Behind Over One-Third of Global Emissions Growth
As world leaders prepare for this November’s United Nations Climate Conference in Scotland, a new report from the Cambridge Sustainability Commission reveals that the world’s … Over 25 Years, World’s Wealthiest 5% Behind Over One-Third of Global Emissions GrowthRead more