The Joe Biden administration in the United States should be pushing for a transit fare holiday—and a windfall profit tax on fossil revenues—not a gas tax holiday, a measure critics are panning as anti-climate action that will do nothing to help consumers cope with inflation.
It’s not rising workers’ wages that are causing spiraling inflation — it’s corporate profiteering.
Anyone observing the political debate about inflation in the UK could be forgiven for thinking that rising prices were being driven by rising wages. Politicians and technocrats from across the political spectrum have taken it upon themselves to chastise workers for demanding wage increases in line with inflation.
Hundreds of blue, green and grey tents are pitched under the sun’s searing rays in downtown Phoenix, a jumble of flimsy canvas and plastic along dusty sidewalks. Here, in the hottest big city in America, thousands of homeless people swelter as the summer’s triple digit temperatures arrive.
The chickens, cattle, goats — livestock that provides sustenance for people — starve, drown or perish from disease.
Next, the babies.
Children under five are most vulnerable to malnourishment, dehydration and illness. Their deaths are a bellwether of the devastation brought by famine, drought, flood and disaster.
Hundreds of workers at a Toronto warehouse belonging to The Bay, a subsidiary of Hudson’s Bay Co., have gone on strike, demanding a retroactive pay increase for working in grueling conditions during the COVID-19 pandemic, and in the midst of inflation that is now soaring.
With China and India buying the Russian oil shunned by the West in an effort to force an end to the Ukraine invasion, Moscow is earning more now than it did before the war.
SEOUL — When the United States and European Union moved to curtail purchases of Russian fossil fuels this year, they hoped it would help make the Russian invasion of Ukraine so economically painful for Moscow that President Vladimir V. Putin would be forced to abandon it.
