The International Monetary Fund (IMF) on Tuesday downgraded its 2021 economic growth forecast for Asia after the Covid-19 delta variant caused a spike in cases in parts of the region. The IMF said it expects Asia’s economy to grow by 6.5% in 2021, compared with its April forecast for a 7.6% expansion. “The global COVID-19 pandemic is still ravaging the region,”[Read More...]
Interview with Prof. Arun Kumar by Mohd. Nuashad Khan What’s your take on the free fall of the GDP? Is it because of the pandemic or something else? I am surprised that the decline in GDP in Q1 is given as 23.9 per cent. It should have been much more because the unorganised sector which is 45 per cent[Read More...]
by Thomas Klikauer and Nadine Campbell In a great workplace, most people would work independently of their immediate boss, and they might even like what they do. Having enough time and being flexible is increasingly more important to many employees in Germany. Even before the Coronavirus pandemic, there were more and more German companies that started to realise that the[Read More...]
The House passed a pandemic relief package 4 months ago. There is no doubt it would pass the Senate as well because all the Democrats and several Republicans would vote for it. But McConnell and his GOP cronies have refused to allow it to come to a vote. Is there a solution? Absolutely-- defeat McConnell and every Republican senator running for reelection in November.
The plague doctor cometh, and he don't cometh cheap.by Thomas NeuburgerA re-elected Trump will almost certainly be welcomed with a General Strike. —Yours trulyCynic that I am, I'm convinced that Biden will betray us the minute he's in office. OK, not the exact minute, but pretty soon thereafter.His current campaign promises include...
Congress is filled with multimillionaires representing the interests of their own class. This past April, OpenSectrets.org entitled a news piece by Karl Evers-Hillstrom Majority of lawmakers in 116th Congress are millionaires. It skewers policy drastically in favor of the status quo and in favor of the rich and against the working class. And not all the multimillionaires are Republicans-- not by a long-shot.
The COVID-19 pandemic has taken a massive toll on the economy: broken supply chains, record unemployment, failing small businesses. Much the same way it is affecting people with pre-existing health conditions more strongly, so is the pandemic-triggered economic crisis exposing vulnerable communities to greater distress. The pandemic has frozen the wheels of economy and affected every aspect of life. Lockdowns[Read More...]
Tattoo alleged to identify a murderous band of Los Angeles County sheriff’s deputies who many in the community "see as a criminal gang within law enforcement" (source; photo: Sweeney Firm / Glickman & Glickman)by Thomas NeuburgerIt's not news that a subset of almost every police and sheriff's department in the country is
Donald Trump announcing executive orders to provide Covid economic reliefby Thomas NeuburgerThere's so much going on right now that it's hard to focus in just one place. At least four stories are simultaneously shaking our world. Covid is taking us all down the garden path, us Americans of course, thanks to our failed-state government, a government that simply cannot govern, at least with respect to the virus.
