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Economics

An Insight into Alliance of Sahel States: Challenges and Future Prospects

In this interview, Antoine SOMDAH, former ambassador of Burkina Faso to the Russian Federation, an expert in international law and nuclear law, and a member of the United Nations Security Council (2008 and 2009), critically assesses the importance of the…

California Passes First U.S. Clothing Recycling Law

California is tackling the problem of textile and fashion waste with the country’s first law that requires clothing companies to implement a recycling system for the garments they sell. By Cristen Hemingway Jaynes Governor Gavin Newsom recently signed SB 707, the Responsible Textile Recovery Act. The new law…

Decoding Russia’s Indivisible Working Relationship With IMF 

After several years of mounting fierce criticisms over the operations and performance of the International Monetary Fund [IMF] and consistently advocating for its structural reforms, Russia has reversed its position to get back into and strengthen its position with this…

World’s Top 1% Own More Wealth than 95% of Humanity, as “the Shadow of Global Oligarchy Hangs over UN General Assembly – Oxfam

The richest 1 percent have more wealth than the bottom 95 percent of the world’s population put together, new Oxfam analysis of UBS data reveals today ahead of the annual UN High-Level General Debate. Billionaires are exerting new levels of…

Oil energy holding co-piloted by Russia and China?

Since alternative energies still need huge subsidies to be viable in developing countries, the practice of fracking (a kind of panacea that will solve the energy problems of humanity) Environmental concerns, and the inertia of oil assets will not allow…

The massive appropriation of labor from the Global South allows for high consumption in rich countries

Press release from the AUTONOMOUS UNIVERSITY OF BARCELONA. Bellaterra (Cerdanyola del Vallès), July 29, 2024 The high levels of consumption enjoyed by the rich countries of the global North are only possible thanks to the massive appropriation of labor from…

The shadow of Black Thursday hovers over Wall Street?

The real possibility of a new stock market crash would have gone unnoticed for most rating agencies due to the disconnection with reality that would lead them to justify the irrational exuberance of markets, thus fulfilling the famous phrase of…

What Does Arming Israel Cost Us?

To end U.S. support for Israel’s genocide in Gaza, cold, hard calculations about war spending versus domestic programs could have greater resonance in an election year. By Sonali Kolhatkar What will it take to end Israel’s genocide in Gaza? That’s…

When financial values make no sense, expressing nothing, the absurd.

The financialization of the economy in the age of AI Here’s a staggering piece of news that appeared yesterday on the website of Kotaku, a news/com company specialising in the games sector: ” Nvidia has just grown by $329 billion…

Costa Rica: “The banana strike, a sign of class identity”.

90 years after the historic protest against “Mamita Yunai” in Costa Rica On July 16, the National Commission for the Commemoration of the National Day of Banana Workers held a forum as part of the agenda of initiatives for the…

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