Subjects Archives: Financialization

An invoice for advance payment of $45 million raised by the offshore partner of Bharat Biotech is certain to become the reason for the impending cancellation of the contract.

Canadians won’t settle for a return to how things were before the pandemic.

The report doesn’t show illegal activity; that’s what makes it so damning.

In this timely book, Matthew Brown and Rhian E. Jones explore new forms of democratic collectivism across the UK, writes Hilary Wainwright.

recent article in the New York Times takes aim at ‘How Big Tech Won the Pandemic’, highlighting how in the last year alone, Amazon, Apple, Google, Microsoft, and Facebook posted a combined revenue of more than $1.2 trillion.

Last week, the largest rich countries, home to most major transnational corporations (TNCs), agreed to a global minimum corporate income tax (GMCIT) rate. But the low rate proposed and other features will deprive developing countries of their just due yet again.

We face many big challenges. And we will need strong, bold policies to meaningfully address them. Solving our child-care crisis is one of those challenges, and a study of World War II government efforts to ensure accessible and affordable high-quality child care points the way to the kind of bold action we need. 

Fueled by pandemic restrictions and a glut of qualified applicants, competition for internship slots is growing fiercer all the time.

U.S. foreign policy is increasingly promoted by billionaire-funded foundations. The neoliberal era has created individuals with incredible wealth who, through “philanthropy,” flex their influence and feel good at the same time.

African leaders had come to recognize the various factors that hinder the continent’s development and seriously jeopardize the future of its peoples. The Abuja Treaty was put in place to increase economic self-reliance, promote self-sustained development, and raise the living standard of African peoples.

Money on the Left speaks with Sibel Kusimba, Associate Professor of Anthropology at University of South Florida, about her work on mobile money and digital finance in Kenya. In her recently published book with Stanford University Press titled Reimagining Money: Kenya in the Digital Finance Revolution, Kusimba both theorizes and critiques Kenya’s thriving M-Pesa mobile phone-based payment system as a constitutive component of Kenyan social life.

International cooperation must ensure significantly more official foreign exchange financing to supplement innovative domestic financing for urgently needed spending for relief, recovery and reform.

The cost and time involved in validating Bitcoin transactions makes it unusable in retail transactions. So they will always be foreign currencies, where you have to trade in and out of them into a real world currency.

Chinese cryptocurrency businesses mine two-thirds of all Bitcoin. But for how long will they remain welcome in the country?

ON October 2, 2020, even before any vaccines against COVID-19 had been approved, India and South Africa had proposed to the WTO that a temporary patent waiver should be granted on all such innovations.

A group of anti-war veterans said President Joe Biden’s spending priorities indicate that he thinks “preserving apartheid is more important than fighting climate change.”

In Sub-Saharan Africa, where health spending and human development levels are in a dramatic state, there is a stronger case than ever for unilateral suspensions of debt payments based on arguments recognized in international law; such as state of necessity and fundamental change of circumstances.

The series continues with analyses of how indebtedness developed in other regions of the Global South.

What is new with contemporary (global) leading corporations? If gigantic monopolies are a repeated phenomenon in capitalism’s history, why all the fuss we see every day regarding high concentration?

U.S. President Joe Biden’s $1.9 trillion rescue package is one of the most ambitious measures to revive the U.S. and, with it, the world economy.