Spending so much on fossil fuel subsidies compared to other programs seems indefensible when up to 80% of the US could be powered by renewables, in principal.
$11 Million Every Single Minute Goes To Subsidize The Global Fossil Fuel Industry: IMF Report
“The IMF report is a sobering reading, pointing to one of the major defects of the global economy,” said Maria Pastukhova from the thinktank e3g.
Trump Was Going To Appoint Ivanka President Of The World Bank Until Mnuchin Stopped Him
“It would be the worst kind of exercise of U.S. power,” said Scott Morris from the Center for Global Development in D.C.
IMF Warns Of Unrest In A Skewed Global Economic Recovery Where The “Poor Get Poorer”
Vaccine inequality is cited as a chief driver in the widening gulf between recoveries in more developed and less developed economies.
Corporate debt levels hit record highs, and that has experts worried
Corporations have almost $10 trillion in debt on their balance sheets, equivalent to 47% of the entire U.S. economy. Peaks in corporate debt levels have historically coincided with recessions.