24/10/2022
MADRID, Oct 24 2022 (IPS)* – European politicians continue to run in all directions to find a way out of their energy crisis. One of them – Simonetta Sommaruga, the Swiss Environment Minister, asked people to ‘shower together’. Others are competing to grant the business of transporting energy from the North of Africa to the continent.
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All this is not new.
European Union leaders struggle to find solutions for the energy crisis. Credit: Bigstock
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Posted in Africa, Climate Crisis, Latin America & Caribbean, Market Lords, Middle East, Mother Earth, Others-USA-Europe-etc., The Peoples, War Lords |
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24/10/2022
SYDNEY and KUALA LUMPUR, Oct 18 2022 (IPS)* – Preoccupied with enhancing their own ‘credibility’ and reputations, central banks (CBs) are again driving the world economy into recession, financial turmoil and debt crises.
Anis Chowdhury
Wall Street ‘cred’
Most CB governors believe ‘credibility’ is desirable and must be achieved by fighting inflation at any cost. To justify their own more harmful policies, they warn inflation is ‘damaging’.
They argue CBs need ‘independence’ from governments to pursue ‘credible’ monetary policy. Inflation targeting to ‘anchor’ inflation expectations is supposed to generate desired ‘confidence’. But CBs have been responsible for many costly failures.
The US Fed deepened the 1930s’ Great Depression, the 1970s’ stagflation and the early 1980s’ contraction, besides contributing to the 2008-09 global financial crisis (GFC). Hence, CB notions of ‘credibility’ and ‘independence’ need to be reconsidered.
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Posted in Africa, Asia, Latin America & Caribbean, Market Lords, Middle East, Mother Earth, Others-USA-Europe-etc., The Peoples |
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24/10/2022
From offshore dealings to right-wing think tanks, here’s our guide to the man who could become the UK’s richest PM.
20 October 2022 (openDemocracy)* — Prime minister Rishi Sunak – reportedly the richest MP in Parliament – would be a boon for the financial lobby, tax justice campaigners have warned.
As talk turns to the next Conservative leader, the man trounced by Liz Truss just weeks ago is now the favourite to replace her.
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Posted in Africa, Asia, Climate Crisis, Latin America & Caribbean, Market Lords, Middle East, Migrants and Refugees, Mother Earth, Others-USA-Europe-etc., The Peoples, War Lords |
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