A brand new World Bank report, The Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate (TNC) profit repatriation, thus maintaining the looting.
Brazil’s unions have planned a day of struggle to protest Temer’s proposed social security reform bill. The president is already very unpopular in Brazil; polls show voters want him to be accountable for alleged corruption [Xinhua]
Brazilian President Michel Temer is facing a tide of opposition regarding his promise to reform the social security program.
Many among his supporters see the reform initiative as damaging to their relection bids in the general election next October.
The World Economic Forum (WEF) in Davos has come and gone, and nothing has really changed. The wonderful people of the world struck again – blowing hot air to the four corners of the world. When in reality the poor get poorer, the rich get richer, wars and conflicts are on the rise – and humanity, at least in the western world, is ever more exposed to propaganda lies and mind manipulations, of which then WEF is just one tiny, miserable example.
Major cities in Brazil, China and India are witnessing rapid urbanization [Xinhua]
The Malaysian capital of Kuala Lumpur will next week host the Ninth Session of the World Urban Forum to discuss the challenges societies as more people move to the cities.
The forum titled, Cities 2030, Cities for All: Implementing the New Urban Agenda, will focus on the efforts of major countries, such as China, India, and Brazil to overcome the challenges posed by rapid urbanization.
Temer is trying to push a package of spending cuts through parliament and other measures to lift Brazil out of its worst recession in decades [Xinhua]
Despite ongoing political turbulence following a slew of corruption charges aimed at sitting and previous leaders and lawmakers, Brazil’s economy appears to have bandaged itself and started to grow again.
Economic growth forecasts for 2018 have been ratcheted higher as data exceeds expectations
Growth rates in BRICS nations such as China and Russia have exceed expectations of the IMF and other forecasts [Xinhua]
The news that China’s GDP growth in 2017 was 6.9 per cent as opposed to the government target of 6.5 per cent and the January 2017 international Monetary Fund (IMF) projection of 6.5 per cent is merely the latest in a sequence of economic data releases that has pushed economists to play catch-up with economic reality.
One would think that, now that the despised 14-year long United Nations Mission for the (de)Stabilization of Haiti (MINUSTAH) has been forced to shut down, Haiti would be on the road to some modest, sustained, recovery from the devastating January 12, 2010 earthquake. It is not. The Republic of Haiti has never been in greater danger than it is now.
On 21 September 2017, the Supreme Leader of the Iranian Islamic Revolution, spoke to the head and the members of the Assembly of Experts with kind of a State of the Nation Speech.
The other day I was in a shopping mall looking for an ATM to get some cash. There was no ATM. A week ago, there was still a branch office of a local bank – no more, gone. A Starbucks will replace the space left empty by the bank. I asked around – there will be no more cash automats in this mall – and this pattern is repeated over and over throughout Switzerland and throughout western Europe. Cash machines gradually but ever so faster disappear, not only from shopping malls, also from street corners. Will Switzerland become the first country fully running on digital money?
This week on the New World Next Week: the World Bank helps ring in the technocratic future with climate financing; pigs fly as the Pentagon gets an audit; and Facebook rolls out machine-learning suicide prevention bots.
