Debt crisis: paradox or plain wrong?
Guy Dauncey says we can dig ourselves out of the accumulating mountain of private debt but a lot needs to change. The Paradox of Debt is a new book by …
Debt crisis: paradox or plain wrong? Read MoreMoney
The International Monetary Fund: ‘Dollarization is not a substitute for a sustainable fiscal policy’
Latin America is suffering the economic effects of the post-pandemic period, but Chilean Rodrigo Valdés, 56, the economist responsible for the Western Hemisphere Department of the International Monetary Fund (IMF), …
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How Lebanon was plundered by its own central bank
Before the start of the economic crisis in Lebanon in 2019, the governor of the country’s central bank, Riad Salameh, had a strong reputation as one of the world’s best. But by the …
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Nigeria’s currency devaluation is a disaster for startups
In July, when Nigerian agritech startup Winich Farms shared its quarterly financial report with stakeholders, it reported all the figures twice. One version used the old official currency rate of …
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The US government’s debt has been downgraded. Here’s what to know
WASHINGTON (AP) — Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that …
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Revealed: Major US banks are funding anti-LGBTIQ groups
The Bank of America and Goldman Sachs have both been lauded for their LGBTIQ-friendly workplaces. But tax filings uncovered by openDemocracy show nonprofit foundations linked to the banks have also …
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World’s richest people added $852 billion to their fortunes in the first half of 2023
The world’s 500 richest people added $852 billion (about €780 billion) to their personal fortunes in the first half of the year, according to Bloomberg data. On average, each member …
World’s richest people added $852 billion to their fortunes in the first half of 2023 Read More
Public Pension Funds Have Lost Billions on Their Fossil Fuel Investments: New Analysis
For U.S. public pension funds, divesting from oil, coal, and gas would result in overall higher financial value. That is the key takeaway from a new study examining the past decade’s portfolio …
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Cost of living is driving one in four workers globally to look for new jobs
The rising cost of living is causing employed people to look for either higher pay with a new job or take on additional jobs, according to the recently released Global Workforce Hopes and …
Cost of living is driving one in four workers globally to look for new jobs Read More
How Emefiele, Nigeria’s powerful central bank chief lost his seat
Lagos, Nigeria – Last Friday Nigeria’s new President Bola Tinubu suspended the country’s Central Bank Governor Godwin Emefiele. On Saturday, Nigeria’s secret police confirmed the erstwhile top banker has been arrested …
How Emefiele, Nigeria’s powerful central bank chief lost his seat Read More