Daily Archives: January 18, 2022

2022-01-18: News Headlines

Dean Baker (2022-01-18). Is the US Economy Operating Above Its Capacity? cepr.net If we can get the pandemic under control, the supply problems we are now seeing (along with pretty much every other wealthy country) will dissipate over the course of the year.

WSWS (2022-01-18). Oxfam report highlights widening pandemic inequality in Asia. wsws.org Like other similar reports, the Oxfam analysis is marked by the stark contrast between the devastating facts and figures it presents and the empty policy prescriptions it advances.

WSWS (2022-01-18). Oxfam report "Inequality Kills": Billionaires racked up wealth while millions died during the pandemic. wsws.org The latest briefing from the charity paints a devastating picture of the world capitalist order reporting that the unprecedented accumulation of wealth by the world's elite is contributing to the death of one person every four seconds.

S. Arutchelvan (2022-01-18). Think of the many — don't worry for the few. greenleft.org.au Oxfam International revealed that Asia's billionaires have increased their wealth by 74% while 148 million others in the region have been pushed into poverty since the start of the COVID-19 pandemic, writes S. Arutchelvan.

WSWS (2022-01-17). UK income inequality worsens during pandemic. wsws.org UK average earnings for full-time work fell between 2019 and 2021 and soaring inflation and utility prices are reducing wages and living standards further.

Staff (2022-01-17). Covid kills poor as rich get richer — report. rt.com Oxfam says that the poor have died from vaccine inequality and a lack of access to treatment | Oxfam, a charity confederation, has said that while the wealth of the world's top 10 richest people has doubled during the pandemic, the poor around the globe continue to suffer due to a dearth of vaccines and treatment. | In a report published on Monday, Oxfam

ecns.cn (2022-01-17). China's surveyed urban unemployment rate drops in 2021. ecns.cn China's job market remained generally stable in 2021, with the surveyed urban unemployment rate standing at 5.1 percent, 0.5 percentage points lower than the same period in the previous year, data from the National Bureau of Statistics (NBS) showed Monday.

_____ (2022-01-17). Are Western Countries Determined To Starve The People Of Afghanistan? popularresistance.org On January 11, 2022, the United Nations (UN) Emergency Relief Coordinator Martin Griffiths appealed to the international community to help raise $4.4 billion for Afghanistan in humanitarian aid, calling this effort, "the largest ever appeal for a single country for humanitarian assistance." This amount is required "in the hope of shoring up collapsing basic services there," said the UN. If this appeal is not met, Griffiths said, then "next year [2023] we'll be asking for $10 billion." | The figure of $10 billion is significant. A few days after the Taliban took power in Afghanistan in mid-August 2021, the US gove…

Sarah Anderson (2022-01-17). Student Debt Cancellation Is a Racial Justice Issue. zcomm.org Presidential executive action to cancel up to $50,000 in student debts would increase Black wealth by 40 percent…

sputniknews (2022-01-17). Wealth of 10 Richest Men Doubled During Pandemic, Incomes of 99% of Humanity Drop, Oxfam Says. sputniknews.com MOSCOW (Sputnik) – The first two years of the COVID-19 pandemic have helped doubling of fortunes of the world's ten richest people, who now are six times wealthier than the poorest 3.1 billion people, Oxfam, international charitable NGO, reported on Monday, ahead of the World Economic Forum's Davos from 17-21 January.

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