There is something deeply wrong with the world under Capitalism when the poorest countries in the world pay more out on debt servicing to loans that the wealthy countries have provided than they do on maintaining their health care services.
Bill Mitchell: The current inflationary period is not remotely like the 1970s
The problem is that central bankers keep referring to wage-price spirals and expectations to justify their decisions to hike rates. The reality is that those justifications are just smokescreens and there is no justification for […]
Axios: China’s unrivaled 70-day heat wave
The extreme heat and drought that has been roasting a vast swath of southern China for at least 70 straight days has no parallel in modern record-keeping in China, or elsewhere around the world for […]
VilaWeb: Nissan closes its factories in Catalonia and puts 20,000 jobs at risk
Over 3,000 people work in the factories of Japanese carmaker, which moves out after 40 years of activity. Read here
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