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China working to expand ties with Latin America
Nov 18, 2020 17:41Over the past two decades, China has emerged as one of the most important markets for Latin American countries. China has developed three distinct pillars for its policy on Latin America: purchases of Latin American goods, Chinese investment in Latin America, and Chinese political solidarity with key Latin American governments.
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Trump freezes wages of farmworkers following election day
Nov 12, 2020 19:14Just days after U.S. voters went to the polls, the Trump administration issued a little-noticed rule freezing the wages of farm laborers working under H-2A visas, a move that could severely harm low-wage guest workers who have already been hit hard by the coronavirus pandemic.
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Billionaires now collectively hold a record-breaking $10 trillion in wealth
Oct 20, 2020 21:44Billionaire wealth increased to $10.2 trillion through the end of July, setting a new record amid the coronavirus pandemic even as millions of unemployed people fall into poverty.
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Global billionaire wealth surged to record $10.2 trillion amid COVID-19 catastrophe
Oct 13, 2020 20:36While COVID-19 has taken the lives of over one million people across the globe and exacerbated economic precarity for millions more, the combined wealth held by the world's 2,189 billionaires has skyrocketed—increasing by 27.5% between April and July 2020 and reaching a record high of $10.2 trillion.
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Tens of millions more expected to lose employer-based insurance in US by 2021
Oct 04, 2020 20:12The New York Times has recently reported that although some small businesses across the US were able to use funds from the Paycheck Protection Program (PPP) to cover their employees' health benefits, nearly a third of employers reported to Harvard Business School researchers in August that they didn't think they'd be able to pay for premiums this month and going forward.
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How the pandemic deepened the poverty pit
Sep 29, 2020 20:08From about 1990, ever more families acquired a safety net. That might be bank savings, a sibling in New Delhi or New York sending money home or a state clinic providing free basic health care. They were crossing the great human divide that separates the defenseless from the protected. Then came this year’s unprecedented shock. Because COVID-19 is global, it often shreds all a family’s safety nets at once.
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Curb climate fear to tackle other priorities
Aug 28, 2020 16:01One survey of 28 countries shows that almost half of all people believe climate change will likely lead to the extinction of the human race. Global warming is a real challenge and a problem we need to tackle. But the alarmism makes it difficult for us to think smartly about climate solutions, and it swamps our attention away from the many other important global issues. Even before the coronavirus pandemic, this panic was vastly exaggerated.
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Coronavirus impact could compare to Great Depression
May 08, 2020 19:23The current coronavirus pandemic will cause individual economies to plunge into recession; businesses will close down and jobs will be lost at similar levels to that of the Great Depression. Moreover, the pandemic is impacting both industrial and developing countries; whereas the Great Depression was largely concentrated in industrial countries.
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‘We’re going down, down, down, down, down’
Apr 17, 2020 18:45The federal government of the United States is struggling to deliver financial aid to faltering employers — and workers are suffering the consequences. Roughly 10 percent of American workers filed for unemployment benefits in the past three weeks, a wave of job losses that has no precedent in modern American history. Millions more are struggling to submit unemployment claims to overwhelmed state agencies. And still more face the loss of their jobs in the coming weeks.
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Economic experts warn climate crisis could spur financial crash like 2008 in US
Mar 18, 2020 18:39With markets currently in turmoil due to the coronavirus pandemic, US experts testified on Thursday that there is high risk for an even larger economic crisis absent urgent climate policy. A panel of economic experts brought this message to a handful of senators on Capitol Hill during a March 12 hearing convened by the Senate Democrats’ Special Committee on the Climate Crisis.