Archive for July 8th, 2024

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08/07/2024

Gaza: “Another day. Another month. Another UN school hit” by the Israeli Forces

Human Wrongs Watch

By Daniel Johnson*

The war in Gaza passed the nine-month mark on Sunday with humanitarians left assessing the damage of a fresh Israeli airstrike on a UN school.

Some 190 schools and other facililities run by the UN agency for Palestinian refugees, UNRWA, have been severely damaged in Israeli airstrikes since war erupted on 7 October.
© UNRWA/Mohammed Hinnawi | Some 190 schools and other facililities run by the UN agency for Palestinian refugees, UNRWA, have been severely damaged in Israeli airstrikes since war erupted on 7 October.

Posted in Asia, Genocide, Market Lords, Middle East, Migrants and Refugees, Mother Earth, Others-USA-Europe-etc., The Peoples, War Lords | Leave a Comment »

08/07/2024

US Fed- Induced World Stagnation Deepens Debt Distress

Human Wrongs Watch

By Jomo Kwame Sundaram

KUALA LUMPUR, Malaysia, Jul 8 2024 (IPS)* ––For some time, most multilateral financial institutions have urged developing countries to borrow commercially, but not from China. Now, borrowers are stuck in debt traps with little prospect of escape.

Jomo Kwame Sundaram

Jomo Kwame Sundaram

More debt, less growth since 2008: The last decade and a half has seen protracted worldwide stagnation, with some economies and people faring much worse than others.

The 2008 global financial crisis and Great Recession have recently been worsened by the Covid-19 pandemic, US Federal Reserve Bank-led interest rate hikes and escalating geopolitical economic warfare.

Following Reagan-inspired tax cuts, ostensibly to induce more private investments, budget deficits have loomed larger. Instead of enabling rapid recovery, greater fiscal austerity is now demanded, as in the 1980s.

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Posted in Africa, Asia, Latin America & Caribbean, Market Lords, Middle East, Others-USA-Europe-etc., The Peoples | Leave a Comment »

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