Stagflation: From Tragedy to Farce

SYDNEY and KUALA LUMPUR, Aug 16 (IPS) – Half a century after the 1970s’ stagflation, economies are slowing, even contracting, as prices rise again. Thus, the World Bank warns, “Surging energy and food prices heighten the risk of a prolonged period of global stagflation reminiscent of the 1970s.” In March, Reuters reported, “With surging oil […]

A World in Crisis Needs Both Trade and Aid

GENEVA, Aug 16 (IPS) – We are in the toughest period the world economy has faced since the creation of the multilateral system more than three-quarters of a century ago. A quadruple shock of COVID, climate change, conflict and cost-of-living has undone years of hard-fought development gains. Read the full story, “A World in Crisis […]

Humanitarian funding still needed for ‘pure catastrophe’ situation in Afghanistan

Although $4.4 billion is required to fund humanitarian operations in Afghanistan, $1.8 billion has been received so far, or roughly 40 per cent, a senior UN official told journalists in New York on Monday, warning of the dire consequences as winter approaches.  Read the full story, “Humanitarian funding still needed for ‘pure catastrophe’ situation in […]

Journalism Under Attack by Neo-Populist Governments in Central America

SAN SALVADOR, Aug 15 (IPS) – Practicing journalism in Guatemala, Nicaragua and El Salvador is becoming increasingly difficult in the face of the persecution of independent media outlets by neo-populist rulers of different stripes, intolerant of criticism. Read the full story, “Journalism Under Attack by Neo-Populist Governments in Central America”, on globalissues.org → find more […]