The wealth tax proposals advanced by Democratic US presidential primary contenders have drawn vehement criticism from many who should be supporting them.
Category: Economy
WEF: Towards sustainability with neoliberal recipes?
The World Economic Forum has recognised intellectually that Scandinavian social models offer an alternative to rising inequality. It just can’t accept this ideologically.
Fears and hopes around future minimum wages
by Christine Aumayr-Pintar on 30th January 2020 @ChristineAumayr The proposal by the European Commission to legislate on fair EU minimum wages has excited contrasting attitudes among trade unions in member states.
New UN finance panel to push Global Goals (SDGs) forward
The President of the UN General Assembly on Tuesday encouraged Member States to support a new panel that has been set up to help make the Sustainable Development Goals (SDGs) a reality, by 2030.
Global inequality continues to grow: UNDESA report
By Samira Sadeque UN, Jan 23 2020 (IPS) – More than 70 percent of the global population is currently living in parts of the world where income inequality has grown, according to a World Social Report 2020 launched by United…
UN Report: Rising inequality affects more than 70% of Globe
NEW YORK, Jan 21 2020 (IPS) – Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can…
UN faces cash crisis in 2020—if member states don’t pay up
By Thalif Deen UN, Jan 22 2020 (IPS) – UN Secretary-General Antonio Guterres declared last week that the United Nations just “managed to survive its deepest financial crisis in a decade.”
Beyond ‘green growth’
by Frank Hoffer on 22nd January 2020 A serious discussion of ‘just transition’ must break with a social model based on individual utility maximisation—before it breaks the biosphere.
Climate change and financial risk
By Pierpaolo Grippa, Jochen Schmittmann, and Felix Suntheim WASHINGTON DC, Jan 16 2020 (IPS) – Climate change is already a reality. Ever-more-ferocious cyclones and extended droughts lead to the destruction of infrastructure and the disruption of livelihoods and contribute to…
BGMEA Bhaban demolition work starts
Dhaka, Jan 22 – The demolition work on the Bangladesh Garment Manufacturers and Exporters Association building (BGMEA Bhaban) formally started on Wednesday.
Belt and Road Initiative: The Bridge that Spans the World
By Peter Koenig The Belt and Road Initiative (BRI), also called the New Silk Road, is based on a 2,100-year-old trade route between the Middle East and Eastern Asia, called the Silk Road. It wound its ways across the huge…
HC makes Ibrahim Khaled director, chairman of ILFSL
Dhaka, Jan 21- To Protect the greater interest of the common shareholders and the depositors of the corporate sector of the country, the High Court has appointed Ibrahim Khaled, former deputy governor of the Bangladesh Bank, as an independent director…
Population: Pro-Growth Demographic Dogma
By Joseph Chamie NEW YORK, Jan 20 2020 (IPS) – Whenever the issue of population comes up, pro-growth demographic dogma invariably dominates. Governments, political parties, businesses, the media and many others typically praise population growth and lament population slowdown, stabilization…
Where is the ‘deal’ in the European Green Deal?
y Estrella Durá Ferrandis and Irina de Sancho Alonso on 14th January 2020 @estrella_dura The New Deal was a social contract with the American people. A European Green New Deal must likewise enshrine social alongside ecological aspirations.
Billionaires beware
By Anis Chowdhury and Jomo Kwame Sundaram Sydney and Kualalumpur, Jan 7 2020 (IPS) – The latest November 2019 UBS/PwC Billionaires Report counted 2,101 billionaires globally, or 589 more than five years before. Earlier, Farhad Manjoo had seriously recommended, ‘Abolish…
Tea boy loses Tk 65,000 to Bkash scam
Brahmanbaria, Jan 03 – Bkash scammers tricked a tea seller into sending them Tk 65,000 on Thursday night.
Bangladesh economy to outshine Malaysia, Singapore, Hong Kong
Bangladesh’s economy will surpass that of Malaysia, Hong Kong and Singapore with its presence as the 30th largest economy in the world by 2024, says a global report released by the Centre for Economics and Business Research (CEBR).
Eviction drive removes 300 illegal structures in Magura
About 300 illegal establishments were demolished in eviction drives at different parts of Sreepur upazila.
German SMEs downbeat about economic situation next year
Small- and medium-sized enterprises (SMEs) in Germany are “extremely pessimistic” about the country’s overall economic situation in 2020, showed a survey published by the German Association for Small and Medium-sized Businesses (BVMW) on Monday.
The ranks of the working poor
by Justine Doody on 19th December 2019 Despite rising employment in many western economies, poverty is not declining. What’s wrong with labour-market policies?
Billionaires’ existential threats to humanity?
By Anis Chowdhury SYDNEY, Dec 17 2019 (IPS) – The social utility of billionaires’ existence has come under increased scrutiny, especially during the Democratic Party primaries for the 2020 US Presidential election. Leading newspapers, such as The New York Times,…
Sustainability is social, environmental and economic
by Liina Carr on 16th December 2019 @liina_carr The principle of ‘sustainability first’ should become the golden thread unifying all EU actions. While recent Fridays for Future and Extinction Rebellion actions have heightened the focus on climate change, sustainability is…
Reconditioned vehicle importers for customs valuation reform
Dhaka, Dec 14 – Claiming that the existing customs valuation system for new and reconditioned vehicles is discriminatory, Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) on Saturday urged the government to reform it.
Global Community Commit $82 Billion to the Poorest Countries
Focus on jobs, gender, fragility, climate, and good governance Stockholm, December 13, 2019 — A global coalition of development partners announced today their commitment to maintain momentum in the fight against extreme poverty, with $82 billion for the International Development…
ADB trims growth forecasts as Asia’s biggest economies slow
Manila, Philippines (12 December 2019) — The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down…
Climate financing being undermined by rich nations, NGOs say
By Thalif Deen UN, Dec 11 2019 (IPS) – The successful battle against climate change – which has triggered a rash of natural disasters, including floods, droughts and rising sea levels— will be predicated largely on the availability of financing.
Padma Bridge’s 18th span installed
Around 2,700 metres of Padma Bridge became visible after the installation of the 18th span at Majher Char in Jajira upazila of Shariatpur on Wednesday.
People who coined the phrase ‘Leave no one behind’
Mostafa Kamal Majumder The Workability International Asia will have its next annual general meeting on in Dhaka in November 2020, it was decided at a board meeting of the organisation held on 25-26 November at the Bangladesh Pratibandhi Kalyan Samity…
Consolidating people’s power for development justice
Dhaka, Bangladesh, 7 December 2019 – We, the representatives of CSOs of South Asia convened the South Asia Peoples Forum on Sustainable Development 2019 in Dhaka, Bangladesh, on the occasion of Third South Asia Forum on the Sustainable Development Goals…
Sri Lanka to firmly support, Port City development: PM
Sri Lankan Prime Minister Mahinda Rajapaksa said on Saturday that his government will firmly support and accelerate the development of the Colombo Port City project constructed by China to ensure that it will emerge as a new business hub in…