Rage, Ignorance and Prejudice — Global Issues

Reserve Bank of Australia Review Fails Ordinary Australians — Global Issues

ByNews Polite

Opinion by Anis Chowdhury (sydney) Monday, May 15, 2023 Inter Press Service SYDNEY, May 15 (IPS) – The Reserve Bank of Australia (RBA)’s latest interest rate hike comes before the ink of the much-awaited review of the RBA, released on 20 April, has dried. The threat of more increases to come…

Rage, Ignorance and Prejudice — Global Issues

Australia Leads Against Large Multinational Corporations Tax Dodging — Global Issues

ByNews Polite

Opinion by Anis Chowdhury, Kate Lappin (melbourne and sydney) Monday, February 06, 2023 Inter Press Service MELBOURNE and SYDNEY, Feb 06 (IPS) – Australia is set to become the first country or jurisdiction to require large multinational corporations (MNCs), with a global consolidated income of at least AU$1 billion, to publicly…

Rage, Ignorance and Prejudice — Global Issues

The Year of Debt Distress and Damaging Development Trade-Off — Global Issues

ByNews Polite

Opinion by Anis Chowdhury (sydney) Friday, January 27, 2023 Inter Press Service SYDNEY, Jan 27 (IPS) – As the year 2022 drew to an end, the United Nations Conference on Trade and Development (UNCTAD) warned, “Developing countries face ‘impossible trade-off’ on debt”, that spiralling debt in low and middle-income countries (LMICs)…

Rage, Ignorance and Prejudice — Global Issues

The Year of Inflation Exposes Dogma and Class Bias — Global Issues

ByNews Polite

Opinion by Anis Chowdhury (sydney) Tuesday, January 17, 2023 Inter Press Service SYDNEY, Jan 17 (IPS) – Inflation worries topped Ipsos’s What Worries the World survey in 2022 overtaking COVID concerns. The return of inflation caught major central banks, e.g., the US Federal Reserve (Fed), Bank of England, European Central Bank…

Rage, Ignorance and Prejudice — Global Issues

Developing Countries Need Monetary Financing — Global Issues

ByNews Polite

Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and dakar) Tuesday, November 01, 2022 Inter Press Service SYDNEY and DAKAR, Nov 01 (IPS) – Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure….

Rage, Ignorance and Prejudice — Global Issues

Macroeconomic Policy Coordination More One-Sided, Ineffective — Global Issues

ByNews Polite

Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, October 25, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 25 (IPS) – Widespread adverse reactions to the UK government’s recent ‘mini-budget’ forced new Prime Minister Liz Truss to resign. The episode highlighted problems of macroeconomic policy coordination…

Rage, Ignorance and Prejudice — Global Issues

Stop Worshiping Central Banks — Global Issues

ByNews Polite

Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, October 18, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 18 (IPS) – Preoccupied with enhancing their own ‘credibility’ and reputations, central banks (CBs) are again driving the world economy into recession, financial turmoil and debt crises. Wall…

Rage, Ignorance and Prejudice — Global Issues

Central Bank Myths Drag down World Economy — Global Issues

ByNews Polite

Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Monday, October 10, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 10 (IPS) – The dogmatic obsession with and focus on fighting inflation in rich countries are pushing the world economy into recession, with many dire consequences, especially for…