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The US has become a tax haven for the vile and the vicious
Oct 15, 2021 17:30America's most familiar super rich simply do not appear in the Pandora Papers coverage. No sign of Jeff Bezos or Elon Musk or Bill Gates or any of the other U.S. mega billionaires who top the just-released annual Forbes 400 list of America's richest.
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World’s growth cools and the rich-poor divide widens
Oct 14, 2021 16:31The International Monetary Fund has warned the emergency support provided by central banks and finance ministries during the COVID-19 pandemic has fuelled speculation and left the world vulnerable to another financial crisis.
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Three billion people cannot afford a healthy diet
Jul 16, 2021 15:21When healthy items are unaffordable, people are vulnerable to malnutrition and diet-related diseases.
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The real deadly global pandemic: Acute food shortages as the world panics over COVID-19
Mar 11, 2021 06:01As the pandemic continues to upend lives across the world, it has impacted the entire food supply chain.
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'Shameful': Millionaire senators vote against popular minimum wage raise that would lift millions out of poverty
Mar 09, 2021 15:42It is despicable and unacceptable that there is not unanimous support among Democrats in Congress for a $15 minimum wage.
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Trump signs pandemic relief bill after unemployment aid lapses
Dec 29, 2020 15:53President Trump on Sunday (27 Dec) abruptly signed a measure providing $900 billion in pandemic aid and funding the government through September, ending last-minute turmoil he himself had created over legislation that will offer an economic lifeline to millions of Americans and avert a government shutdown.
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Critics blast $600 stimulus checks that won’t cover 1 month’s rent for most Americans
Dec 24, 2020 16:52US Congressional leaders announced on Sunday, December 20 that a deal between Democrats and Republicans had been reached to provide significant aid to Americans struggling with the financial impact of the coronavirus pandemic.
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Fewer jobs, rising poverty: Scathing report finds Trump economic legacy 'one of the worst among all US Presidents'
Dec 24, 2020 16:48When US President Donald Trump departs the White House next month, he will leave in his wake a nation devastated by a pandemic he failed to confront and an economic scene characterized by rising poverty, widespread hunger, a looming eviction tsunami, and mass layoffs that have left the US with fewer jobs than when his administration began.
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The great divider: COVID-19 reflects global racism, not equality
Dec 24, 2020 16:37The COVID-19 pandemic has accentuated and, in fact, accelerated the sharp inequalities that exist in every society individually, and the world at large.
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Exchange rates have been stable in COVID crisis – are we heading for a storm?
Nov 20, 2020 16:27The second wave of the coronavirus is currently hitting Europe harder than the US, but this pattern may soon reverse as winter sets in, particularly if America’s post-election interregnum paralyses both health and macroeconomic policy. And although officials claim the US still has capacity to provide much-needed disaster relief to hard-hit workers and small businesses, the growing share of US public and corporate debt in global markets suggests longer-term fragilities.