The UK Government has made an ad about the deepening cost of living crisis, and it’s surprisingly honest and informative.
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The UK Government has made an ad about the deepening cost of living crisis, and it’s surprisingly honest and informative.
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The Sri Lankan government turned to the IMF for a near $3 billion bailout to repay loans provided by India and Japan, as well as international sovereign bonds issued by foreign creditors such as BlackRock. Dr. Asoka Bandarage, sociologist and author of Crisis in Sri Lanka and the World, suggests that Prime Minister Rajapaksa’s declaration of bankruptcy in 2022 and the subsequent IMF bailout under Prime Minister Wickremesinghe was not an absolute necessity, but an attempt to shift Sri Lanka further under the umbrella of Western and Indian institutions, and away from Chinese loans.
Economist Bob Pollin says government stimulus and higher wages are not the primary drivers of today’s inflation. Higher interest rates are not the solution. Bob joins Paul Jay on theAnalysis.news.
Jomo K.S. warns U.S. policies are driving the world towards war and depression, leaving developing countries with a strong vested interest to reconvene a new non-aligned movement and strengthen democratic institutions of global governance. Lynn Fries interviews Jomo K.S. on GPEnewsdocs.
Katrina vanden Heuvel joins Paul Jay to discuss Biden’s attempts at bipartisanship and the need for progressives, inside the Democratic Party and the movement outside, to mount massive pressure for real reform.
Noam Chomsky discusses the history of nuclear agreements and arms control treaties, highlighting their gradual dismantling by successive U.S. administrations. He criticizes the U.S. for its withdrawal from treaties and the deployment of military assets near Russian borders. Chomsky also expresses concerns about the dangers of artificial intelligence and the need to address larger-scale threats while working on immediate issues. He emphasizes the importance of understanding the world as it is and taking tactical decisions to achieve tangible progress.
Renaud Lambert, journalist at Le Monde diplomatique, discusses the nationwide anti-pension reform protests in France, which have consisted of over a million people taking to the streets on more than one occasion. He underscores how French President Emmanuel Macron’s tax cuts for the wealthy have increased the current deficit, exposing how workers will now need to work longer to make up for the decreases in government revenue.