IT is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment. The recession is caused by a deficiency of aggregate demand. To overcome it what is necessary is an increase in demand which...
All recent economic indicators point almost unambiguously to a new global recession, one which threatens to be more severe and prolonged than the 2007 crisis. While the epicentre of this developing crisis is located in the metropolitan countries, specifically the EU...
KAMPALA – An increase in heat waves is almost certain, while heavier rainfall, more floods, stronger cyclones, landslides and more intense droughts are likely across the globe this century as the Earth’s climate warms, U.N. scientists said on Friday.The...
May brought home to the world evidence of the popular rejection of the irrational pursuit of austerity amidst recession in Europe and elsewhere. One telling signal was the victory of Francois Hollande in the French Presidential run-off, making this the first...
The ANC heads to its policy conference in June, after being South Africa’s ruling party for almost two decades. There are many ideas and policy perspectives up for discussion but the ‘big idea’ framing the discussion is the notion of a ‘second transition’. A whole...
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