Economy

Exxon Scientists Accurately Forecast Climate Change back in the 1970s – What if it hadn’t been Covered up and We had Acted

By John Grant, Sheffield Hallam University | – Writers of speculative- and science-fiction often identify a key point in time and explore how a seemingly insignificant event might change the path of humanity. One of these moments came in the 1970s when oil giant Exxon chose to ignore its own commissioned research on the impact […]

Pentagon

Is America’s bottomless Corporate Welfare for Arms Industry actually Making us Less Safe?

William D. Hartung

( Tomdispatch.com ) – Late last month, President Biden signed a bill that clears the way for $858 billion in Pentagon spending and nuclear weapons work at the Department of Energy in 2023. That’s far more than Washington anted up for military purposes at the height of the Korean or Vietnam wars or even during […]

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% […]

Apartheid

Criticizing Israel: Letter to the President of Harvard University regarding Kenneth Roth

Committee on Academic Freedom

Committee on Academic Freedom | Middle East Studies Association of North America | Lawrence S. Bacow President, Harvard University president@harvard.edu Dear President Bacow: We write on behalf of the Middle East Studies Association of North America (MESA) and its Committee on Academic Freedom to express our grave concern about the July 2022 decision […]

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 […]

Employment

Why Many Turkish People who migrated to European Countries are worse off than those who stayed at Home

The Conversation

By Sebnem Eroglu, University of Bristol | – (The Conversation) – Many people migrate to another country to earn a decent income and to attain a better standard of living. But my recent research shows that across all destinations and generations studied, many migrants from Turkey to European countries are financially worse off than those […]

Employment

Child poverty rates highest in states that haven’t raised minimum wage

Minnesota Reformer

By Casey Quinlan | – ( Minnesota Reformer ) – Of the 20 states that have failed to raise the minimum wage above the federal $7.25 an hour standard, 16 have more than 12% of their children living in poverty, according to a States Newsroom analysis of wage and poverty data. Anti-poverty advocates say that’s […]