Economics

After years of talking about abandoning the U.S. dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first…

We need immediate and comprehensive RENT RELIEF. We strongly support legislation that will be introduced to the New York State Assembly by Assembly Member Harvey Epstein. After listening to our concerns and heeding our input, Assembly Member Epstein drafted a…

By Vijay Prashad and Alejandro Bejarano On July 24, 2020, Tesla’s Elon Musk wrote on Twitter that a second U.S. “government stimulus package is not in the best interests of the people.” Someone responded to Musk soon after, “You know…

Viewpoint by Jonathan Power* There is “Magic Money” around in case you didn’t know. Not quite made out of thin air, but getting on that way. This is a phrase invented by the economic writer, Sebastian Mallaby, in the new…

By Richard D. Wolff In January 2020, the NASDAQ stock market’s index stood just under 10,000. In the March crash, it fell to 7,000. As of July 10, 2020, it hit 10,600. The U.S. government’s economic policies produced a “recovery”…

Of course we all know that a lot has to change on this earth so that humans and animals have a viable future on this planet. In order to achieve this goal, you can and must bring about a system…

Response measures have forced coastal communities in South Asia to choose between a super cyclonic storm or shelters with no physical distancing. South Asia, one of the world’s poorest and populous regions of the world, is struggling with control measures as Covid…

The U.S. House of Misrepresentatives on Tuesday voted 324 to 93 (with 13 not voting) to defeat a proposal to move a mere 10% of military spending to human, environmental, and health needs. The 324 people who voted the wrong way on…

Challenges, Opportunities and the Way Forward By Kester Kenn Klomegah As already known, BRICS is an association of five major emerging economies: Brazil, Russia, India, China and South Africa. South Africa joined the association in 2010. The BRICS has a…

As Chile gets convulsed by the aggravating effects of the Covid-19 pandemic, the structural brutality of copper mining is being starkly outlined. At Codelco or the National Copper Corporation of Chile, approximately 3,000 workers have been infected with Coronavirus and…