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
Economics
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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
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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