Category: Economy

The IMF’s ‘Austerity Drive’

Oxfam estimated that “for every $1 the IMF encouraged a set of poor countries to spend on public goods, it has told them to cut four times more through austerity measures.”

Lula Goes to China

The Brazilian president is joined by a major delegation this week as more than 20 agreements are expected to be signed with the Amazon country’s largest trading partner.

The Billionaire Bailout Society

The collapse and bailout of Silicon Valley Bank shows little has changed for reckless financial actors, writes Les Leopold. If financial institutions are so interconnected that we can’t let them fail, they should be run as publicly owned utilities.