Shorn of the debt
Peter Manley describes the horrors of walking dead companies and the dangers in killing them off. The Coronavirus pandemic has put much of the world’s economy on financial life support, …
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Coronavirus may trigger debt emergency across Africa, new study finds
Many African countries could default on debt payments due to increasing repayment costs, precipitated by weak currencies, a ripple effect of the pandemic. But it may also spark digitalization across …
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Revenge Capitalism
From the publisher: Capitalism is in a profound state of crisis. Beyond the mere dispassionate cruelty of ‘ordinary’ structural violence, it appears today as a global system bent on reckless …
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Split: Class Divides Uncovered
From the publisher: In 1990, John Major hailed ‘the classless society’; in 1997, New Labour announced that ‘we’re all middle class now’, yet we live in an age where food …
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US: Fighting coronavirus-induced debt with two trillion-dollar supercoins?
Nations are going through trying times, and they have to get creative in the fight against the coronavirus pandemic. In the United States, Democratic Congresswoman Rashida Tlaib is among those who …
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Africa’s web of creditors complicates coronavirus debt relief
Africa is crying out for debt relief to weather a perfect storm of coronavirus, plummeting oil and commodity prices, mounting budget deficits and weaker currencies. But delivering the relief that …
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Accentuate the positive
It all started with hope. Now we have viral infection. But there is still hope. I came up with “hope” as the theme for this issue in the autumn. I was …
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African countries aren’t borrowing too much: they’re paying too much for debt
There is renewed concern about the sustainability of rising debt levels in many African countries. Much of this debt is being incurred through foreign currency denominated Eurobonds issued on international …
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Mozambique sues in UK to cancel debt in secret loan case
Case brought by the government of Mozambique also seeks damages from Credit Suisse and shipbuilding company Privinvest Credit Suisse given deadline of 21 January to file and serve their defence …
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Beware Brits bearing myths
Greece’s slide into depression became a cautionary tale told by Tories to get the UK to do its austerity duty. But a decade on, where there is now hope in …
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