‘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
Economics
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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
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Conservation or Land Grab? The Financialization of Nature
Just in time for the UN’s policy push for “30 x 30” – 30% of the earth to be “conserved” by 2030 – a new … Conservation or Land Grab? The Financialization of NatureRead more
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Amid Covid-19 and Nationwide Protests, America’s Billionaires Got $79 Billion Richer
An analysis released Thursday by the Institute for Policy Studies finds that the combined wealth of U.S. billionaires surged by $565 billion between March 18 … Amid Covid-19 and Nationwide Protests, America’s Billionaires Got $79 Billion RicherRead more
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The richest billionaires became vastly richer during pandemic
A new report reveals that American billionaires have seen their fortunes increase by $434 billion since the start of the pandemic, although at least one … The richest billionaires became vastly richer during pandemicRead more
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The Great Depression, Coronavirus Style
Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the ghosts of the … The Great Depression, Coronavirus StyleRead more
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Economists helped Big Oil obstruct climate action for decades
For more than a decade, researchers and journalists have tried to lay bare the PR machine employed by fossil fuel companies to delay climate action. … Economists helped Big Oil obstruct climate action for decadesRead more
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‘Unconscionable Profits,’ Monopolies, and Low Taxes for Covid-19 Vaccine Makers
The People’s Vaccine Alliance on Wednesday called out BioNTech, Moderna, and Pfizer for “reaping astronomical and unconscionable profits due to their monopolies of mRNA Covid … ‘Unconscionable Profits,’ Monopolies, and Low Taxes for Covid-19 Vaccine MakersRead more
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Cashing in on the pandemic
On 26 March 2020, Italy’s coronavirus death toll surpassed 8,000 – then over twice the number seen anywhere else in the world. Morgues were overflowing … Cashing in on the pandemicRead more