Fifty years ago, a US president closed the gold window, ended capital controls, and launched a new era of globalized finance. The “Nixon Shock” reshaped the international monetary system overnight, and then gradually changed the status of central bankers. Instead of acting as servants of the domestic economy, monetary policymakers have become masters of the globalized and financialized world economy. And this development bears directly on our ability to tackle the problems of climate change and biodiversity loss.
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Colin McCarthy: Winter heatwave smashes records
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Reuters: EU watchdog slams Germany for lapses in Wirecard fraud
November 4, 2020
Mathew D. Rose
Corruption, EU politics, EU-Institutions, Finance, Financial Institutions, National Politics
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The German government is not sweeping the dirt under the carpet, it is shovelling it, especially SPD finance minister and chancellor candidate Olaf Scholz. Read here
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Daily Sabah: UK on brink of recession as economy unexpectedly shrinks in August
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