Critics Say I.M.F. Loan Fees Are Hurting Nations in Desperate Need

Democratic lawmakers say the global fund’s surcharges for emergency relief siphon away money that countries need to fight the pandemic.

#argentina, #coronavirus-2019-ncov, #credit-and-debt, #income-inequality, #international-monetary-fund, #politics-and-government, #third-world-and-developing-countries, #treasury-department

Checking Privilege in the Animal Kingdom

Researchers say the human concepts of intergenerational wealth and inequality are useful for studying some animals’ behavior.

#animal-behavior, #behavioral-ecology-journal, #income-inequality, #monkeys-and-apes, #research, #squirrels, #your-feed-animals, #your-feed-science

‘Davos Man,’ Marc Benioff and the Covid Pandemic

They stepped up in the pandemic “to save the world,” says Marc Benioff of Salesforce. Even as their tax practices and perches kept them above its troubles.

#benioff-marc, #content-type-personal-profile, #corporate-social-responsibility, #corporate-taxes, #davos-switzerland, #high-net-worth-individuals, #income-inequality, #philanthropy, #san-francisco-calif, #tax-shelters, #world-economic-forum

Economists Pin More Blame on Tech for Rising Inequality

Recent research underlines the central role that automation has played in widening disparities.

#acemoglu-daron, #antitrust-laws-and-competition-issues, #artificial-intelligence, #computers-and-the-internet, #economics-theory-and-philosophy, #income-inequality, #innovation, #labor-and-jobs, #productivity, #united-states-economy, #wages-and-salaries

‘Succession’ Actor Jeremy Strong Has No Chill. That’s Fine.

The actor’s ‘careerist drive’ was remarked upon in a recent profile. It’s an elitist attitude that I’ve encountered too.

#income-inequality, #schulman-michael-author, #strong-jeremy-1978, #succession-tv-program

Kazakhstan Shuts Internet as Government Offices Burn in Protests

Anger sparked by a gas price increase in the resource-rich Central Asian nation has swelled despite concessions from the ruling party and a strict state of emergency.

#almaty-kazakhstan, #demonstrations-protests-and-riots, #income-inequality, #kazakhstan, #oil-petroleum-and-gasoline, #tokayev-kassym-jomart

Leftists Are Ascendant in Latin America as Key Elections Loom

Growing inequality and sputtering economies have helped fuel a wave of leftist victories that may soon extend to Brazil and Colombia.

#arce-luis, #argentina, #bolivia, #boric-gabriel, #brazil, #castillo-pedro-1969, #castro-xiomara, #colombia, #coronavirus-2019-ncov, #da-silva-luiz-inacio-lula, #economic-conditions-and-trends, #elections, #fernandez-alberto-1959, #honduras, #income-inequality, #mexico, #peru, #politics-and-government, #socialism-theory-and-philosophy

The New Political Cry in South Korea: ‘Out With Man Haters’

After slow gains in women’s rights, the country is facing a type of political correctness enforced by young men angry at feminists, saying they undermine opportunity.

#metoo-movement, #demonstrations-protests-and-riots, #discrimination, #income-inequality, #men-and-boys, #people-power-party, #politics-and-government, #sexual-harassment, #south-korea, #women-and-girls, #womens-rights

The Missing Data in the Inflation Debate

Until we know how price spikes affect the poor, we won’t see their real impact.

#consumer-price-index, #income, #income-inequality, #inflation-economics, #interest-rates, #powell-jerome-h, #united-states-economy

In China, Bragging About Your Wealth Can Get You Censored

Online posts by users showing off their receipts, over-ordering food or scattering money have been deemed vulgar. Regulators say such content leads young people astray.

#beijing-kuaishou-technology-co-ltd, #blogs-and-blogging-internet, #china, #computers-and-the-internet, #douyin-bytedance, #dujiangyan-china, #income-inequality, #luxury-goods-and-services, #video-recordings-downloads-and-streaming

Why Bragging About Your Wealth In China Can Get You Censored

Online posts by users showing off their receipts, over-ordering food or scattering money have been deemed vulgar. Regulators say such content leads young people astray.

#beijing-kuaishou-technology-co-ltd, #blogs-and-blogging-internet, #china, #computers-and-the-internet, #douyin-bytedance, #dujiangyan-china, #income-inequality, #luxury-goods-and-services, #video-recordings-downloads-and-streaming

What’s Better Than Charity?

Mutual aid fulfills needs, but it also builds stronger, more resilient communities.

#coronavirus-2019-ncov, #food-banks-and-pantries, #friendship, #income-inequality, #internal-sub-only-nl, #philanthropy

What Causes Inflation and Should I Worry About It?

What is inflation, why is it up, and who does it hurt? A run through common questions about the ongoing price burst.

#consumer-price-index, #federal-reserve-system, #hitler-adolf, #income-inequality, #inflation-economics, #interest-rates, #onion-the, #real-estate-and-housing-residential, #savings, #shortages, #united-states, #united-states-economy, #wages-and-salaries, #weimar-germany

A Student Was Murdered Near Columbia. What Should the University Do?

The murder of a student adjacent to Columbia’s ever-expanding campus renews questions about the school’s obligations to the surrounding communities.

#accidents-and-safety, #colleges-and-universities, #columbia-university, #crime-and-criminals, #giri-davide-d-2021, #income-inequality, #majors-tessa-d-2019, #manhattan-nyc, #morningside-park-manhattan-ny

Why Joe Biden Needs More Than Accomplishments to Be a Success

A theory of political time explains how he has become a prisoner of great expectations.

#adams-john-1735-1826, #carter-jimmy, #conservatism-us-politics, #democratic-party, #federal-state-relations-us, #filibusters-and-debate-curbs, #income-inequality, #jackson-andrew, #manchin-joe-iii, #new-deal-1930s, #organized-labor, #presidential-election-of-2016, #presidents-and-presidency-us, #reagan-ronald-wilson, #republican-party, #senate, #sinema-kyrsten, #skowronek-stephen, #supreme-court-us, #trump-donald-j, #united-states, #united-states-politics-and-government, #voting-rights-registration-and-requirements

Why Is There So Much Judgment About How We Feed Our Kids?

An interview with Priya Fielding-Singh, the author of “How the Other Half Eats.”

#diet-and-nutrition, #income-inequality, #internal-sub-only-nl, #parenting, #pregnancy-and-childbirth

American Families Are Drowning in Care Costs. Here’s How to Change That.

Ai-jen Poo on the economic potential of a public investment in child care, elder care and paid family leave.

#american-rescue-plan-2021, #child-care, #family-leaves, #income-inequality, #mcghee-heather-c-1980, #national-domestic-workers-alliance, #poo-ai-jen, #united-states, #united-states-economy, #wages-and-salaries

Billions for Climate Protection Fuel New Debate: Who Deserves It Most

The $1 trillion infrastructure law funds programs that tend to favor wealthy, white communities — a test for Biden’s pledge to defend the most vulnerable against climate change.

#federal-emergency-management-agency, #floods, #global-warming, #income-inequality, #infrastructure-public-works, #infrastructure-investment-and-jobs-act-2021, #united-states-politics-and-government

W.H.O. Scolds Rich Nations for Travel Bans and Booster Shots

As wealthy countries react to the new Omicron virus variant with travel bans and booster shots, the World Health Organization scolded them, calling the steps ineffective and unfair.

#africa, #california, #centers-for-disease-control-and-prevention, #coronavirus-2019-ncov, #coronavirus-delta-variant, #coronavirus-omicron-variant, #disease-rates, #europe, #great-britain, #guterres-antonio, #income-inequality, #tedros-adhanom-ghebreyesus, #travel-warnings, #world-health-organization

Antiviral Covid-19 Pills Are Coming. Will There Be Enough Tests?

The pills must be given early in the course of infection, which means access to timely, accurate test results will be crucial.

#antibodies, #coronavirus-2019-ncov, #drugs-pharmaceuticals, #income-inequality, #merckcompany-inc, #pfizer-inc, #tests-medical, #your-feed-health, #your-feed-science

In Their 80s, and Living It Up (or Not)

Two octogenarians have different reactions to an essay, “Living My Life Again.” Also: “Illiberal democracy”; housing in the Bronx; rich vs. poor

#bronx-nyc, #coronavirus-2019-ncov, #deaths-fatalities, #democracy-theory-and-philosophy, #elderly, #homeless-persons, #human-rights-and-human-rights-violations, #hungary, #income-inequality, #income-tax, #legal-aid-for-the-poor-civil, #orban-viktor, #real-estate-and-housing-residential

The Humble Beginnings of Today’s Culinary Delicacies

Many of our most revered dishes were perfected by those in need, then co-opted by the affluent. Is that populism at play, or just the abuse of power?

#caviar, #food, #holiday-issue-2021, #income-inequality, #lobsters, #luxury-goods-and-services, #poverty, #seafood, #spam-canned-meat

Spending as if the Future Matters

Public investment, including spending on children, is a worthy American tradition.

#american-families-plan-2021, #american-jobs-plan-2021, #biden-joseph-r-jr, #education-k-12, #income-inequality, #infrastructure-public-works, #infrastructure-investment-and-jobs-act-2021, #united-states-politics-and-government

Build Back Better May Not Have Passed a Decade Ago

President Barack Obama barely muscled his health law through the House. But income inequality, economic stagnation and a pandemic propelled an even more ambitious bill.

#american-families-plan-2021, #american-jobs-plan-2021, #biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #house-of-representatives, #income-inequality, #law-and-legislation, #patient-protection-and-affordable-care-act-2010, #united-states-economy, #united-states-politics-and-government

In the Fight Against Climate Change, Young Voices Speak Out

Five participants in a Generation Climate program convened by The New York Times gave us their thoughts on the issues, why they became involved and what steps make a difference.

#adler-meredith-activist, #agriculture-and-farming, #alternative-and-renewable-energy, #de-smet-michiel, #environment, #global-warming, #greenhouse-gas-emissions, #income-inequality, #jose-john-paul, #land-use-policies, #nakate-vanessa, #rodriguez-bruno, #sustainable-living, #weather

Liberal Hypocrisy Is Fueling Inequality

Why do states with democratic majorities fail to live up to their values?

#affordable-housing, #california, #capital-gains-tax, #democratic-party, #equal-educational-opportunities, #illinois, #income-inequality, #income-tax, #taxation, #washington-state

What a $50 Million Donation Did for One H.B.C.U.

At Prairie View A&M, one of the historically Black colleges and universities where MacKenzie Scott donated millions, the mood is cautious optimism.

#black-people, #colleges-and-universities, #endowments, #george-floyd-protests-2020, #houston-tex, #howard-university, #income-inequality, #philanthropy, #prairie-view-am-university, #race-and-ethnicity, #scholarships-and-fellowships, #scott-mackenzie, #simmons-ruth-j, #texas, #united-states

Elon Musk’s Extraterrestrial Capitalism

Billionaires, having read stories of world-building as boys, are now rich enough, as men, to build worlds. The rest of us are trapped in them.

#bezos-jeffrey-p, #books-and-literature, #capitalism-theory-and-philosophy, #high-net-worth-individuals, #income-inequality, #musk-elon, #science-fiction, #silicon-valley-calif, #south-africa, #space-and-astronomy, #star-trek-tv-program, #the-hitchhikers-guide-to-the-galaxy-movie, #writing-and-writers, #zuckerberg-mark-e

The Life-Altering Differences Between White and Black Debt

The sociologist Louise Seamster discusses America’s student debt crisis and how higher education contributes to the racial wealth gap.

#colleges-and-universities, #income-inequality, #klein-ezra, #mcmillan-cottom-tressie, #sociology, #student-loans, #united-states, #united-states-economy

Europe Fears That Rising Cost of Climate Action Is Stirring Anger

Memories of the Yellow Vest movement are prompting officials to ensure that spiking energy prices don’t fuel inequality or populist discontent.

#alternative-and-renewable-energy, #economic-conditions-and-trends, #europe, #france, #global-warming, #greenhouse-gas-emissions, #income-inequality, #le-maire-bruno, #yellow-vests-movement

Pressure Grows on G20 Nations to Get Covid Vaccines to the Poor

The world’s leaders are focusing on preventing future pandemics, but experts say rich nations are not doing enough to help the poor survive the current one.

#biden-joseph-r-jr, #blinken-antony-j, #coronavirus-2019-ncov, #deaths-fatalities, #demonstrations-protests-and-riots, #draghi-mario, #drugs-pharmaceuticals, #foreign-aid, #francis, #group-of-twenty, #income-inequality, #international-trade-and-world-market, #pfizer-inc, #philanthropy, #politics-and-government, #poverty, #rome-italy, #sullivan-jacob-j-1976, #third-world-and-developing-countries, #united-states-politics-and-government, #vaccination-and-immunization, #world-health-organization

Book Review: ‘Time for Socialism,’ by Thomas Piketty

Piketty’s “Time for Socialism” is a collection of recent pieces criticizing the maldistribution of wealth in the West and tracing his own political evolution.

#books-and-literature, #capital-in-the-twenty-first-century-book, #capitalism-theory-and-philosophy, #europe, #income-inequality, #piketty-thomas, #socialism-theory-and-philosophy, #time-for-socialism-dispatches-from-a-world-on-fire-2016-2021-book

Who Are America’s Billionaires, Anyway?

They are tech titans, entertainment moguls and heirs to great fortunes. Their ranks grew during the pandemic, changing the political conversation around taxing the wealthy.

#american-jobs-plan-2021, #bankman-fried-sam, #bezos-jeffrey-p, #high-net-worth-individuals, #income-inequality, #manchin-joe-iii, #musk-elon, #occupy-wall-street, #taxation, #united-states-politics-and-government, #wyden-ron

How Democrats Would Tax Billionaires to Pay for Their Agenda

The plan stakes out new territory by putting levies on unrealized gains in the value of billionaires’ liquid assets, such as stocks, bonds and cash.

#capital-gains-tax, #democratic-party, #federal-taxes-us, #high-net-worth-individuals, #house-of-representatives, #income-inequality, #income-tax, #law-and-legislation, #senate, #sinema-kyrsten, #united-states-politics-and-government

Tax the Rich, Help America’s Children

Democrats’ plans aren’t “Marxism.”  They’re as American as apple pie.

#american-families-plan-2021, #biden-joseph-r-jr, #children-and-childhood, #corporate-taxes, #income-inequality, #inheritance-and-estate-taxes, #republican-party

Proposed Tax on Billionaires Raises Question: What’s Income?

Democrats are homing in on unrealized capital gains raises as a way to help fund their social spending bill.

#biden-joseph-r-jr, #capital-gains-tax, #federal-taxes-us, #high-net-worth-individuals, #income-inequality, #income-tax, #united-states-politics-and-government, #wyden-ron

The Unvaccinated May Not Be Who You Think

Science can find a cure for our diseases, but not for our societal ills.

#anxiety-and-stress, #coronavirus-2019-ncov, #disease-rates, #health-insurance-and-managed-care, #income-inequality, #rumors-and-misinformation, #rural-areas, #united-states, #vaccination-and-immunization

Of Four Family Policies in Democrats’ Bill, Which Is Most Important?

We asked 18 academics what they would choose if they could pick only one, as Senator Manchin has reportedly advised.

#child-care, #child-tax-credits-and-stipends, #education-pre-school, #families-and-family-life, #income-inequality, #manchin-joe-iii, #parenting, #united-states-politics-and-government

World’s Growth Cools and the Rich-Poor Divide Widens

The International Monetary Fund says the persistence of the coronavirus and global supply chain crisis weighs on economies.

#factories-and-manufacturing, #income-inequality, #inflation-economics, #international-monetary-fund, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #shortages, #shutdowns-institutional, #united-states-economy, #world-bank

Moderna, Racing for Profits, Keeps Covid Vaccine Out of Reach of Poor

Some poorer countries are paying more and waiting longer for the company’s vaccine than the wealthy — if they have access at all.

#coronavirus-2019-ncov, #drugs-pharmaceuticals, #government-contracts-and-procurement, #income-inequality, #johnsonjohnson, #moderna-inc, #pfizer-inc, #third-world-and-developing-countries, #vaccination-and-immunization

Debate Looms Over I.M.F.: Should It Do More Than Put Out Fires?

As the International Monetary Fund gets set for its annual meeting, economists ask if it’s time to update its mandate as the world’s financial crisis responder.

#banking-and-financial-institutions, #georgieva-kristalina-ivanova, #income-inequality, #international-monetary-fund, #international-trade-and-world-market, #labor-and-jobs, #poverty, #republican-party, #united-states-economy, #wilmer-cutler-pickering-hale-and-dorr-llp, #world-bank

Benefits for All or Just the Needy? Manchin’s Demand Focuses Debate

As Democrats ponder cutting a $3.5 trillion social safety net bill down to perhaps $2 trillion, a proposal to limit programs to the poor has rekindled a debate on the meaning of government itself.

#american-families-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #child-care, #child-tax-credits-and-stipends, #democratic-party, #income-inequality, #manchin-joe-iii, #republican-party, #senate, #united-states-economy, #united-states-politics-and-government, #welfare-us

Two Authors View America From Above and Below, and Are Not Happy With What They See

Evan Osnos’s “Wildland” and Alec Ross’s “The Raging 2020s” take different paths to arrive at the same worrisome conclusion about the country’s future.

#books-and-literature, #corporate-taxes, #income-inequality, #osnos-evan, #ross-alec-author, #social-conditions-and-trends, #the-raging-2020s-companies-countries-people-and-the-fight-for-our-future-book, #united-states, #united-states-politics-and-government, #wildland-the-making-of-americas-fury-book

What’s Changed in 13 Years of Writing About the Wealthy

For one thing, they’ve gotten wealthier. But there are still things the wealthy do that other investors can do, too.

#content-type-service, #high-net-worth-individuals, #income-inequality, #internal-revenue-service, #personal-finances, #taxation

The Pandora Papers and the Power of Shame

Technology and public opinion are shifting the balance against elites’ use of offshore financial services.

#corruption-institutional, #high-net-worth-individuals, #income-inequality, #panama-papers, #paradise-papers, #tax-evasion, #tax-shelters, #united-states, #whistle-blowers

‘Squid Game,’ the Netflix Hit, Taps South Korean Fears

The dystopian Netflix hit taps South Korea’s worries about costly housing and scarce jobs, concerns familiar to its U.S. and international viewers.

#credit-and-debt, #games, #income-inequality, #labor-and-jobs, #netflix-inc, #seoul-south-korea, #south-korea, #squid-game-tv-program, #television, #unemployment, #wages-and-salaries, #youth

Worried About Low Interest Rates? Jane Austen Can Help.

What Jane Austen can teach us about monetary policy.

#austen-jane, #economics-theory-and-philosophy, #england, #income-inequality, #interest-rates, #internal-sub-only, #pride-and-prejudice-book, #sense-and-sensibility-book

‘The Moratorium Saved Us. It Really Did.’

With the eviction moratorium over, the road to more opportunity and less inequality runs through affordable housing.

#affordable-housing, #american-rescue-plan-2021, #centers-for-disease-control-and-prevention, #cleveland-ohio, #evictions, #foreclosures, #homeless-persons, #income-inequality, #landlords, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states-politics-and-government

Americans Need a Government Bold Enough to Help

For decades, politicians have rewarded wealth over work, putting big corporate interests above working families. That has to stop. 

#american-families-plan-2021, #house-of-representatives, #income-inequality, #inflation-economics, #senate, #united-states-economy, #united-states-politics-and-government

Five Years After Peace Deal, Colombia Is Running Out of Time, Experts Say

A treaty with rebels in 2016 called for the end of a decades-long war. But that is not the same as achieving peace, and the window for doing so may be closing.

#coca-plant, #cocaine-and-crack-cocaine, #drug-abuse-and-traffic, #duque-ivan, #income-inequality, #land-use-policies, #peace-process, #revolutionary-armed-forces-of-colombia, #rural-areas, #war-crimes-genocide-and-crimes-against-humanity