Poverty

By Sam Pizzigati | ( Otherwords) – Ever since the middle of the 20th century, our history textbooks have applauded the reform movement that put an end to the child-labor horrors that ran widespread throughout the early Industrial Age. Now those horrors are reappearing. The number of kids employed in direct violation of existing child […]

Food Insecurity

Poor Iranians Sell Their Organs Amid Deepening Economic Crisis

Golnaz Esfandiari

One-third of Iran’s population reportedly lives in extreme poverty. Some people are so poor that they have resorted to selling their organs on the black market to make ends meet. (file photo) Share (RFE/RL ) – I’m RFE/RL correspondent Golnaz Esfandiari. Here’s what I’ve been following during the past week and what I’m […]

Epidemics

COVID Response opened a New Era of Social Generosity; Why Didn’t we Make it Permanent?

Liz Theoharis

( Tomdispatch.com) – I doubt I ever feel older or more passé than when I’m out in my city — New York — and I still put on a mask before stepping onto a bus, going into the subway, or entering a store. Increasingly, I find myself alone in a world of the unmasked with […]

Climate Crisis

As Tax Day Approaches: Is the Federal Budget Moral or Immoral?

H. Patricia Hynes

Greenfield, Mass. (Special to Informed Comment) – April, the month tax filings are due, prompts us to ponder what our income taxes pay for. Are they used to provide all citizens sufficient resources and public goods for human security and well-being – the core of our national security? How much of our taxes pay […]

Neoliberalism

The End of Renting? In Some Cities Affordable Housing is a Thing of the Past

Rebecca Gordon

( Tomdispatch.com) – In 1937, the American folklorist Alan Lomax invited Louisiana folksinger Huddie Ledbetter (better known as Lead Belly) to record some of his songs for the Library of Congress in Washington, D.C. Lead Belly and his wife Martha searched in vain for a place to spend a few nights nearby. But they were […]

Employment

Poverty amid Plenty: A World Fragmented by Inequality

Liz Theoharis

By Liz Theoharis | – ( Tomdispatch.com) – A few weeks ago, the world’s power brokers — politicians, CEOs, millionaires, billionaires — met in Davos, the mountainous Swiss resort town, for the 2023 World Economic Forum. In an annual ritual that reads ever more like Orwellian farce, the global elite gathered — their private jets […]

Featured

Billionaires Gobbled up 2/3s of New Wealth at $2.7 bn/ day, as 800 million go to bed Hungry: Oxfam

Juan Cole

Ann Arbor (Informed Comment) – Oxfam , the British charity, has released a new report finding that the global problem of wealth inequality is growing ever more threatening. Of all the new wealth the entire human race has produced in the past two years, the richest 1% gobbled up 66% of it. The less-rich 99% […]

Food Insecurity

Housing Unaffordable for Half of US Renters

Human Rights Watch

By Matt McConnell | Researcher, Economic Justice and Rights Division | – ( Human Rights Watch ) – New survey data released recently by the United States Census Bureau found that housing payments for about half of all US renters were unaffordable in 2021 under guidelines set by the US Department of Housing and Urban […]

Drugs

Big Pharma spent more on Stock Buybacks and Dividends than on Research and Development even during COVID

F. Douglas Stephenson

Gainesville, Florida (Special to Informed Comment) – The 14 largest publicly-traded pharmaceutical companies spent $747 billion on stock buybacks and dividends from 2012 through 2021 — substantially more than the $660 billion they spent on research and development. So argue economists William Lazonick, professor emeritus of economics at University of Massachusetts, and Öner Tulum, a […]