IPS REPORT SUGGESTS HIGH TAXES ON BILLIONAIRES
Published 06-05-2020 13:09 GMT-0000
WASHINGTON—Call it pandemic profits: A new report by the Institute for Policy Studies, the latest in its biannual series, shows the ultra-rich got ultra-richer in the months since the coronavirus pandemic hit the U.S. And the richest of them all, Jeff Bezos, profited big time from the ensuing crash.
CORONA CRISIS HAS AGGRAVATED BEIJING-WASHINGTON RIVALRY
Published 05-05-2020 10:23 GMT-0000
A Bengaluru techie’s email password is ‘Trump is King.’ He lays great emphasis on MAGA – Make America Great Again – and says he’ll change the password if Trump loses the 2020 US Presidential sweepstakes. But this time, MAGA is not the issue, China is! Not just for the Republicans but also for the Democrats. Covid-19 and China’s perceived role in the ‘making of coronavirus’ and contribution to its global spread have become election issues in the USA primarily because the American electorate agrees.
PUBLIC HEALTH SERVICES ENSURE ZERO DEATH MAKING A RECORD
Published 02-05-2020 11:09 GMT-0000
HANOI—Helicopters hovering over rice paddies, burning villages, and the sound of gunfire are the images many older Americans conjure when they hear the word Vietnam. Hollywood provides grist for our imagination about this country. For younger people, if they think of Vietnam at all, their images are those of a poor, developing country or elderly women wearing their nón lá (the traditional conical hat) and bicycling through the countryside.
SHOULD INDIA GIVE SECOND IT A SECOND CHANCE?
Published 02-05-2020 11:06 GMT-0000
With the outbreak of the coronavirus, China lost the aura of global supply chain. Eventually, it will lose its grip on ASEAN, which holds a bigger stake in RCEP (ASEAN 10 +6). China deployed economic splurges, in combination with soft and hard power to rein in power in the region. It used trade muscle to make the region over-dependent on it for export led economic growth. It launched BRI (Belt and Road Initiative) to reconnect the region to reduce geographical proximity and increase control in the region.
MUJIB’S KILLER HIDING IN BENGAL FOR YEARS CREATES TRUST DEFICIT
Published 02-05-2020 11:02 GMT-0000
Despite the hanging on April 12 of Abdul Majed – ex-Bangladesh army captain better known as ‘Mujib killer’ – in a Dhaka prison, people continue to ask probing questions about India’s role in South Asia during the turbulent seventies. This comes as a surprise for foreign policy experts in India, or at least it should. The present climate of opinion prevailing in Bangladesh does not endorse the facile conclusion currently being projected in sections of the Indian media---namely that bilateral relations have been strengthened by the relentless anti-terror drive launched by the Awami League.
CUBA AND KERALA ARE MODELS OF PROPER HEALTH CARE
Published 01-05-2020 09:58 GMT-0000
The history of the 21st century would be earmarked by COVID19 and the fight undertaken by the countries of the world to defeat the pandemic. The world has had to stand face to face with so many new situations in social life. The economics and politics behind these developments would also be deeply analysed in the coming days. The crisis that broke out in December 2019 still haunts humanity more than anything else. Such a pandemic in its aggressive magnitude is something new to the human kind. It was much more fierce than the world wars and pandemics like Spanish flu and cholera.
SCAPGOATING CHINA IS A BID TO HIDE HIS GROSS FAILURES
Published 01-05-2020 09:53 GMT-0000
The coronavirus global pandemic is still raging with its epicentre in the United States of America. It is during this time that President Trump and his administration have launched a frontal campaign against China, blaming it for the creation of the virus and its spread going to the extent of demanding compensation for the damage caused.
ILO REPORT PROJECTS A GRIM SCENARIO ON EVE OF MAY DAY
Published 30-04-2020 10:26 GMT-0000
On the eve of the historic May Day, International Labour Organisation (ILO) has come out with a grim global scenario stating that 1.6 billion workers, half of the world's active workforce, are in immediate danger of having their livelihoods destroyed by the economic impact of the Covid 19. The extent of the impact will however vary from country to country 'While in the major developed countries the existing social security measures will minimise the hardships, the situation will be worse in the developing and the poor countries where the governments have not ensured social security measures for the workers. The labour of the unorganised sectors will be facing the worst situation.
MEDICAL MISSION RECOMMENDED FOR NOBEL PRIZE
Published 30-04-2020 09:33 GMT-0000
Cuba’s medical mission has been recommended for this year’s Nobel Peace Prize in recognition of its efforts in the fight against the global Covid-19 pandemic.
IMF MUST EFFECTIVELY INTERVEBNE TO HELP VIRUS HIT POOR ECONOMIES
Published 29-04-2020 10:04 GMT-0000
There is an exodus of finance from the third world at present, far exceeding in scale what had occurred in 2008 after the financial crisis. Even more important than the actual outflow is the desire on the part of finance to pull out of the third world, including even the so-called “emerging markets”, and move to US dollars or dollar-denominated assets. This is resulting in a depreciation of a host of third world currencies vis-à-vis the dollar, of which the Indian rupee is an obvious example.