The Fed has options for countering the record inflation the U.S. is facing that are more productive and less risky than raising interest rates. The … The Real Antidote to Inflation: Stoking the Fire Without Burning Down the BarnRead more
Economics
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Pfizer, BioNTech, and Moderna Are Raking in $3.9 Million in Profits Per Hour
Moderna, Pfizer, and BioNTech—the makers of the two most successful coronavirus vaccines—are raking in a combined $65,000 in profits every minute as they refuse to … Pfizer, BioNTech, and Moderna Are Raking in $3.9 Million in Profits Per HourRead more
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What’s really driving inflation?
Last week, the Fed’s policy committee announced it would both end its bond-buying program and likely raise interest rates sooner than had been expected. “Inflation … What’s really driving inflation?Read more
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Top 8 Pfizer & Moderna Investor’s profit
As nations brace for new surges of coronavirus cases as the omicron variant spreads, vaccine manufacturers are seeing their profits soar. A new report by … Top 8 Pfizer & Moderna Investor’s profitRead more
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Richest 1% Took 38% of New Global Wealth Since 1995
In the nearly three decades since 1995, members of the global 1% have captured 38% of all new wealth while the poorest half of humanity … Richest 1% Took 38% of New Global Wealth Since 1995Read more
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40% of Indian Middle Class is Now Poor
[youtube https://www.youtube.com/watch?v=zzayzbZIoq8&rel=0&feature=relmfu]
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Omicron variant made $10 billion in a week for top eight Moderna and Pfizer shareholders
Big pharma executives and shareholders saw their wealth skyrocket in the week after the Omicron variant was discovered, with just eight top Pfizer and Moderna … Omicron variant made $10 billion in a week for top eight Moderna and Pfizer shareholdersRead more
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How currency power constrains climate action
‘Climate finance’ commitments are woefully inadequate while inequalities in currency power force Global South countries to extract environmentally costly goods, and export them to the … How currency power constrains climate actionRead more
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The Worst Instincts at the Very Wrong Time
US President Joe Biden faces a critical decision: whom to appoint as chair of the Federal Reserve—arguably the most powerful position in the global economy. … The Worst Instincts at the Very Wrong TimeRead more
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When Profits and Politics Drive Science
More than 100 companies are competing to be first in the race to get a COVID-19 vaccine to market. It’s a race against time, not … When Profits and Politics Drive ScienceRead more