The Alchemy of value
An excerpt from Serious Money: walking plutocratic London by Caroline Knowles Quant seems apprehensive as he arrives at the trendy east London Shoreditch bar, Looking Glass, where I am waiting, …
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Inclusive banking – a teller’s tale
Tony learnt his trade in banks starting from the shop floor. He then decided he wanted to create a bank that helped small enterprises in Nigeria who were excluded by …
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Dearth and taxes
Paul Frijters suggests it’s time to stop relying on accounting to get the rich and powerful to pay their dues. The Romans extracted tributes from their provinces, such as regular …
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Rich countries are illegally exporting plastic trash to poor countries, data suggests
At the beginning of last year, 187 countries took steps to limit the export of plastic trash from wealthy to developing countries. It’s not working as well as they hoped. …
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Survey says billionaires ‘should pay for climate action’
Wealthy individuals must pay higher taxes to cover the costs of mitigating and adapting to climate breakdown, according to 70 percent of the public as revealed in a survey of …
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The child poverty rate in the U.S. is down
Inflation schminflation. Amid all the bad news about prices going up—to say nothing of supply chain woes, a still-raging delta variant, and climate change havoc—there’s a ray of economic light. …
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Fraught G20 meeting highlights divisions
G20 environment ministers in Naples, Italy, concluded a “hard-fought summit” yesterday, reports the Financial Times, which “at times appeared to be on the brink of disintegrating”. The newspaper continues: “In the …
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Global South countries come together
The Summit brings together Global South governments, political leaders, healthcare workers and vaccine manufacturers from more than twenty countries and follows criticism of the G7’s plan by U.N. aid chief …
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G7 Tax Reform for the 1%—Not the 99%
Despite the recent G7 agreement on corporate taxation, global leadership requires going beyond national interests to ensure that all countries have sufficient resources to develop healthier post-pandemic economies. This will …
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GDP Numbers Not What They Seem
GDP growth appears positive The World Bank has added its voice to those predicting the global economy will recover faster from the pandemic than previously thought. According to its latest report, …
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