Around 40% of British families will live in “fuel poverty” if the country’s authorities don’t take steps to lower energy prices, according to the head of the energy company E.ON, Michael Lewis, as quoted by The Independent. “Some people are at the edge and that will get worse,” Lewis said, …
Read More »Extreme poverty in India has been cut by half, World Bank says
Extreme poverty in India, the second-most populous country in the world, is estimated to have declined by 12.3 percentage points between 2011 to 2019, the Economic Times reported on Monday, citing a World Bank Policy Research Working Paper. According to the report, the count dropped from 22.5% in 2011 to …
Read More »EU has ‘sanctioned itself’ into fuel poverty or worse – UK ex-diplomat
By sanctioning Russia without a plan for replacement fuel, the European Union may have hurt itself more than Moscow in its drive to punish Russia over its invasion of Ukraine, former European diplomat Alastair Crooke told RT. NATO’s economic attack on Russia has split world powers into “two separate spheres,” Crooke explained …
Read More »How Ukraine’s ‘Revolution of Dignity’ led to war, poverty and the rise of the far right
The events that transpired in Ukraine in 2013-14, dubbed the Euromaidan, still resonate in people’s memory. While each side in the conflict views them differently, it’s clear to all that the Ukraine once familiar to everyone has changed beyond recognition since then. People’s revolution or coup d’état? The impetus …
Read More »Lee Camp: The silver bullet to ending poverty that we choose to ignore
This article was originally published by Scheerpost. Here’s how the world should operate in simple terms: A certain country or region or city or township or Hobbit hole tries something in order to help their society or group or hovel – if it works, other places then do it. If it …
Read More »Millions more Americans fell into poverty in 2020 as Covid-19 lockdowns wrecked the US economy, Census report shows
An estimated 11.4% of Americans, or around 37.2 million people, lived below the poverty line in 2020, up from 10.5% the previous year, the US Census Bureau said on Tuesday. Median household income dropped 2.9% to $67,521 a year, marking the first statistically significant decline since 2011. US poverty had …
Read More »UK Labour leader grills conservative govt for ‘inadequacy’ over child poverty during pandemic & pushes for £15bn recovery fund
Keir Starmer tweeted on Thursday that British children have lost over eight weeks of face-to-face teaching this year, and 14 weeks last year. “The Tories’ catch-up plan is so inadequate that their own catch-up tsar resigned,” he said. Starmer – the successor of far-left, anti-establishment former Labour leader Jeremy Corbyn …
Read More »Recession is over for the richest few, while billions will live in poverty for at least a decade – Oxfam
The report, called ‘The Inequality Virus’, was published on the opening day of the World Economic Forum in Davos, which is being held virtually this year. It showed that the 1,000 richest people on the planet recouped their coronavirus losses within just nine months, but “it could take more than …
Read More »Poverty is rising fast, but it’s part of a decades-long project which the lockdowns of 2020 will only accelerate
Don’t say you weren’t warned. While ‘centrist’ neo-liberals and faux-progressives lauded turbo-globalisation in the nineties, one ‘insider’ Sir James ‘Jimmy’ Goldsmith – a billionaire financier who never indulged in groupthink – told us that it wouldn’t end well. In his books The Trap and The Response, Goldsmith predicted that GATT and …
Read More »2mn UK families at risk of plunging into poverty with lockdowns projected to DOUBLE ‘destitution levels’, study finds
More than a million households totalling 2.4 million people were destitute in the UK at some point over the course of 2019, the research, published by the Joseph Rowntree Foundation (JRF), concluded. The sobering data marks a 35 percent rise in impoverished households compared with 2017. Some 550,000 children were …
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