Lower interest rates and longer-term paybacks that match the pace of underlying social progress are key to successful development finance, writes Jeffrey Sachs.
The Poverty Trap
Category: COVID-19
15 Million in US Losing Public Health Benefits
The cuts are a result of Biden’s refusal to continue the Covid-19 public-health-emergency declaration, which ends Trump’s Medicaid pandemic coverage expansion.
No Billion-Dollar Bailouts For Africa
Despite the millions more people in Africa — particularly women — now engulfed by extreme poverty after Covid, Vijay Prashad notes the absence of urgent phone calls between world capitals or emergency Zoom meetings between central banks.
SCOTT RITTER: G7 vs BRICS — Off to the Races
An economist digging below the surface of an IMF report has found something that should shock the Western bloc out of any false confidence in its unsurpassed global economic clout.
How Canadians Are Losing Medicare
Dr. Susan Rosenthal describes the rise of Canada’s public health system during labor’s rebellious postwar period and the corporate profiteering by which it is now being destroyed.
SCOTT RITTER: Reimagining Arms Control After Ukraine
Having used arms control to gain unilateral advantage over Russia, the cost to the U.S. and NATO in getting Moscow back to the negotiating table will be high.
JOHN KIRIAKOU: Covid & the Way of Death in US Prisons
If we don’t care about prisoners on any normal day, then why would we care about them when a pandemic is spreading through the system?
Building a Public Future
The authors wave a red flag at public-private partnerships, which, despite major failures, continue to be promoted by institutions such as the World Bank to finance social services and infrastructure.
Cuba Blockade Hurts US Patients Too
The embargo is not only harming Cuban healthcare. It is also blocking Americans from life-saving Cuban treatments, Natalia Marques reports.
Bolsonarism Without Bolsonaro
The World Bank has sounded the alarm, but the forces of “centrism” — beholden to billionaires and the politics of austerity — refuse to pivot away from the neoliberal catastrophe, writes Vijay Prashad.