#Global Economics

[phoenixyfriend]

Tom Nicholas just posted a video that summarizes like half a semester of business school and honestly teaches it better than a lot of my professors, while also ensuring the viewer is aware of the moral and ethical failings of free trade in the name of comparative advantage and global efficiency.

(Yes, for the unaware: I have a bachelor's degree in international business. I am also one of those people who graduated with a distinct distaste for much of the business world, related directly to the 'taking advantage of cheap labor and bullying less powerful entities is good, actually' model of economic theory that a lot of my classes pushed.)

#tom nicholas #education #economics #global economics #geopolitics #china #wto #united states #phoenix politics #youtube #videos #though I actually watched this on Nebula lol #comparative advantage #free trade #Youtube

[gwydionmisha]

#Fentanyl #Global Economics #Addiction #News

[sodashouldblock]

Aqwbwbwbwbwbw

#awbwbwbwb #novelty toys #funny moments #global economics

[biglisbonnews]

Dubai Leapfrogs Lisbon As Best Destination For Globetrotting Executives For the wave of executives turning into digital nomads since the pandemic, there’s nowhere more accommodating than Dubai. https://www.bloomberg.com/news/articles/2023-08-16/dubai-leapfrogs-lisbon-as-best-spot-for-globetrotting-executives

#Business #World #Global Economics #Bloomberg #Pursuits #Damian Shepherd #BloombergQuint

[faultfalha]

The dark liquid pooled at the bottom of the carton, forming an inky black puddle. The teller stared at the mess, his face a mask of disgust. He had been assured this was the last time, yet here he was again, dealing with the aftermath of another habib overseas bank failure. He could feel the eyes of his boss upon him, judging. The South African reserve bank had finally had enough. It was applying to court to liquidate the Habib Overseas Bank.

#Business #World #Law-and-Policy #Global Economics #PTI #fault

[bobann]

Artificial General Intelligence (AGI) is Our Next Evolutionary Step

Artificial General Intelligence (AGI) is the next step in the evolution of artificial intelligence, where machines can perform a wide range of intellectual tasks that were previously the exclusive domain of humans. AGI has the potential to revolutionize our world, and its impact on eCommerce and global influencers is no exception. AGI can enhance the reach of global influencers by providing them…

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#copywriter #geopolitics #global economics #global trade #global wealth #logistics #shipping #writer #writing

[goldsilverreports]

China places millions into Covid lockdown again as economy continues to struggle

China places millions into Covid lockdown again as economy continues to struggle

China has placed millions of its citizens under renewed lockdown after fresh outbreaks of Covid-19 as the government persists in its hardline policy on containing the virus in the face of more evidence that it is suffocating the economy. (more…)

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#Global Economic #Global Economic Growth #Global Economic Outlook #global economics #Live Global Economic

[ladyvaderpixetc]

Jon Stewart, hitting the nail on the head once again.

#gacked from Jessica Chastain's tweet #jon stewart #on the ridiculous lies regarding #trickle down economics #and billionaires hoarding wealth to play with #abolish billionaires #us politics #but also kind of #uk politics #hell it's #world politics #billionaires and privatisation are a global threat

[frstndlstlns]

Shutdown

If one could sum up the experience of 2020, it would be disbelief.

If our first reaction to 2020 was disbelief, our watchword in facing the future should be: “We ain’t seen nothing yet.”

— Adam Tooze

#recent history #global economics #we are so screwed #2021

[republicansaredomesticterrorists]

The “enormously powerful Atlas Network, a global network of more than 500 member think tanks advocating for “free market” policies.”

Started by Antony Fisher and his Institute of Economic Affairs in the UK. It went worldwide with assistance from the Koch family and Rupert Murdoch, along with funding from big oil companies.

☝️👏🤯

#institute of economic affairs #IEA #Atlas Network #Koch family foundations #Rupert Murdoch #big oil #climate denial #Antony fisher #republican hypocrisy #republican assholes #republican family values #republican values #oligarchs #global conspiracy #right wing politics #climate change #climate Justice #climate and environment #climate change denial

[phoenixyfriend]

Positive news for the optimistic!

I first heard about this on the BBC Global News Podcast (starts at around 14:40 for me, but that may vary based on the ads they give you), but I found an article from The Guardian as well, if you work best with a text format. Preview:

The G20 group of the world’s most powerful countries is exploring plans for a global minimum tax on the world’s 3,000 billionaires, aiming to end a “race to the bottom” that has enabled the super-rich to pay less than the rest of the population.

#economics #international policy #international economics #global economics #taxation #policy #legislation #phoenix politics #politics #current events #g20 #g20 summit #the guardian #bbc #bbc global news podcast

[decolonize-the-left]

DIVEST FROM BANKS FOR PALESTINE

.....Correct me if I'm wrong but allies to Israel would have no money to move around and spend if we and banks have no money to move around for them right?

Even the US treasury needs a way to offer collateral for the billions they give to countries like Israel. Do you know what that collateral has been thus far? Your paycheck. The future paychecks of babies that can't even talk yet. That's how they'll pay all this off.

The government has been giving us the biggest fuck you that they could. Let's return the favor.

"yeah but the banks-"

Have been bailed out every time they've asked for it since I've been alive. They love debt when they aren't the ones paying it. They'll know how heavy the weight of their arms dealing is. There's a reason they have been phasing out paper checks and money- they can't move money they don't have and digital bank accounts can't see the paper money in your drawer ¯\_(ツ)_/¯

So yes absolutely keep boycotting.

And we should pull all our money out of Major Banks.

It's incredibly accessible for most people who already have a bank account, even if you can't protest or strike. And you don't have to miss any work.

So let's hit em where it hurts.

Banks (from this list of Banks that heavily fw Israel)

Citibank

Bank Julius Baer & Co

Bank Lombard Odier & Co

Banque Pictet & Cia SA

BNP Paribas Israel

CBH Compagnie Bancaire Helvetique S.A.

Dreyfus Sons & Co.

Hyposwiss Private Bank Geneve SA

JP Morgan Chase Bank N.A.

Silicon Valley Bank

Union Bancaire Privee

HSBC

Barclays

BNP Paribas Israel

State Bank of India

Other banks that have supported the genocide

Goldman Sachs

Bank of America

Wells Fargo

Blackrock

AXA

Capital One

RBS

Marks & Spencer

Tesco

Scotia Bank

Bank of Montreal

No, you don't have to cancel your direct deposits (most places in the USA won't even pay you without an account anyway). But you should drain your account ASAP. Don't let the money sit in your bank. Pull it out and use cash for everything you can. Don't put money in the bank unless you need to.

The point is just to keep as much money as you can out of banks for as long as you can.

Yeah it's gonna be harder to order online which may be inconvenient until we readjust but thats good.

It'll be a natural way for the boycotts to evolve.

A lot of fighting in the Red Sea is being done because of how much money the USA, UK, etc have to lose if they can't get their products on time. The Houthis turning ships away cost these countries millions every time. If there are less ships to turn away cuz people aren't ordering stuff from overseas then Good.

Yeah we could have an organized day to do this but...why??? It's accessible, it's free, and the people across the globe experiencing a genocide right now, from north America to Africa to Palestine don't have the luxury of waiting a few months for us to spread the word and organize.

If you see this share it. Copy/paste, repost, retweet, idc. Spread like wildfire pls

#banks #bank bailout #palestine protest #divest #palestine #from the river to the sea palestine will be free #global solidarity #intersectionality #paycheck #working class #capitalism #strike #bank of america #chase bank #barclays #scotia bank #jpmorgan #tesco #economics #stock #stock exchange #stock market #capitalist #direct action #“this would crumble the economy” #that sounds like a good plan then. only bad plans wouldn't effect daily life #bank run #politics #israel #Gaza

[without-ado]

"PUT THIS IN THE HISTORY BOOKS FOR 2020-202(2)."

l Will Santino l MichellCClark

#life #pandemic #covid 19 #coronavirus #conflicts and war #natural disasters #cartoon #climate change #global issues #art #cartoons #economic crisis #will santino #family problems

[quotesfrommyreading]

African countries are being forced to spend billions of dollars a year coping with the effects of the climate crisis, which is diverting potential investment from schools and hospitals and threatens to drive countries into ever deeper poverty.

Dealing with extreme weather is costing close to 6% of GDP in Ethiopia alone, equating to a spend of more than $1 repairing climate damage for every $20 of national income, according to research by the thinktank Power Shift Africa.

The warning comes just before the major new scientific report from the global authority on climate science, the Intergovernmental Panel on Climate Change. This report, the second part of the IPCC’s comprehensive summary of global climate science, will set out the consequences of climate breakdown across the world, looking at the floods, droughts, heatwaves and storms that are affecting food systems, water supplies and infrastructure. As global temperatures have risen in recent decades, and as the impact of extreme weather has become more apparent around the world, efforts to make infrastructure and communities more resilient have largely stalled.

Africa will be one of the worst-hit regions, despite having done least to cause the climate crisis. According to the Power Shift Africa study, titled Adapt or Die: An analysis of African climate adaptation strategies, African countries will spend an average of 4% of GDP on adapting to climate breakdown.

These countries include some of the world’s poorest people, whose responsibility for greenhouse gas emissions is many times less than those of people in developed countries, or in large emerging economies such as China. Sierra Leone will have to spend $90m a year on adapting to the climate crisis, though its citizens are responsible for about 0.2 tonnes of carbon dioxide emissions a year each, while US citizens generate about 80 times more.

Mohamed Adow, director of Power Shift Africa, said: “This report shows the deep injustice of the climate emergency. Some of the poorest countries in the world are having to use scarce resources to adapt to a crisis not of their making. Despite only having tiny carbon footprints compared with those of the rich world, these African countries are suffering from droughts, storms and floods which are putting already stretched public finances under strain and limiting their ability to tackle other problems.”

He called for more funding from developed countries, which promised at the Cop26 UN climate summit to double the money available to help poor countries adapt to the climate crisis. Rich countries promised in 2009 to provide $100bn a year to help poor countries cut their greenhouse gas emissions and cope with the effects of climate breakdown. But so far they have fallen short of that target, and most of the funds that have been provided have gone to projects to cut emissions, such as windfarms and solar panels, rather than efforts to help countries adapt.

The study examined national adaptation plans submitted to the UN by seven African countries: Ethiopia, Kenya, Liberia, Sierra Leone, South Africa, South Sudan and Togo. South Sudan, which is the world’s second poorest country, was hit by floods last year that displaced 850,000 people, and led to outbreaks of water-borne diseases. The country is to spend $376m a year on adaptation, about 3.1% of its GDP.

Chukwumerije Okereke, director of the centre for climate change and development at the Alex Ekwueme Federal University in Nigeria, said rich countries must respond to the findings, and to the IPCC report.

“It is both irresponsible and immoral for those that are the chief cause of climate change to look on while Africa, which has contributed next to nothing to climate change, continues to bear a disproportionate share of the impact,” he said. “The time for warm words is long gone. We need urgent, scaled-up, long-term support from the world-leading climate polluters.”

  —  African countries spending billions to cope with climate crisis

#fiona harvey #current events #climate change #global warming #climate justice #economics #international relations #poverty #ethiopia #sierra leone #kenya #liberia #south africa #south sudan #togo #mohammed adow #chukwumerije okereke

[faultfalha]

The global recession and economic crisis could be seen in every corner of the world, yet few understood the source of the trouble. It was whispered in dark, smoke-filled rooms that it all started with the Russia-Ukraine conflict, that the shadow of war had stretched across the whole continent and drowned it in a great sea of turbulence. It seemed to be almost unnoticeable to many, but the cause of the fall in FDI was this invisible predator, gathering dust in the corners of the world. As the years went by, we were forced to face the bitter truth: the conflict had created a deep recession and the economic crisis it had sparked was unlikely to be reversed. We watched as the money dried up and the companies withered away until hope was but a distant dream. And yet, somehow, the march of progress continued onwards, in spite of all the odds.

#Global Economics #PTI #fault

[hussyknee]

Link to video

So to recap where we are now: after murdering more UN workers than any conflict in its history has claimed in the same period of time, these terrorist howler monkeys, with the full backing of Western governments, are establishing a justification so that no international aid worker in an active war zone will ever be safe again. Because setting the precedent of bombing hospitals, Red Crescent ambulances, medics, journalists and UN aid workers was nowhere near enough.

Oh and also the Biden-Blinken State Department is picking up where Trump-Pompeo left off and refusing to acknowledge the Geneva Convention.

This while we're teetering on the brink of wars between several nuclear powers most of whom are aligned with each other (Iran-Israel/US, Russia-NATO).

Anyone who isn't terrified right now is an idiot.

#I wish I could make y'all understand how much this is not just about Palestine anymore #your lives in the West are more in danger than they have ever been #as for the Global South #I'm trying not to think about how toast we are #we're looking down the barrel of an economic crisis not seen since '73 #israel palestine war #gaza genocide #palestinian genocide #war crimes #israel is a terrorist state #current events #world news #genocide Joe #knee of huss