Morals and the COVID-19 vaccine market japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
Inequity in access to Covid-19 vaccines abets second wave
Kaushik Basu
More than one billion vaccine doses have now been administered worldwide, but vast disparities remain.
As the second wave of the Covid-19 pandemic outstrips the severity of the first, a clear global bifurcation is emerging. The pandemic is abating, gradually and unevenly, across richer countries, but flaring up in several developing and emerging economies, most notably India, but also to varying degrees in countries such as Bangladesh, Pakistan, Turkey, the Philippines, Ethiopia, and Kenya.
There are many reasons for this divide, but uneven access to health care particularly the glaring inequity in access to Covid-19 vaccines is impossible to ignore. On January 18, the director-general of the World Health Organisation, Tedros Ghebreyesus, noted that more than 39 million doses of Covid-19 vaccine had been administered in at least 49 higher-income countries. By contrast, he said, “Just 25 doses have been
Yves here. This is a fascinating, if also deeply disturbing account of how a prosperous black community was attacked after North Carolina blacks also were starting to get political power by teaming up with white populists and Republicans. And you’ll see that “coup” is indeed the correct description.
The fact that the Wilmington coup was a durable success and no perp was held to account was proof that the white backlash against rising blacks would go unchecked.
If you were a Black person in America in the 1890s, you wanted to live in Brooklyn.
Not Brooklyn, New York. No, you wanted to be in the bustling Brooklyn district of Wilmington, North Carolina. At that time, 25,000 people lived in the thronging Cape Fear River port, the state’s largest city. More than half of them were Black. In Brooklyn, you could meet Black seamstresses, stevedores, cobblers, restauranteurs, shop owners, artisans, midwives, merchants, doctors, lawyers, bankers, and police officers. The federal cu
Covid Is Hitting Workers Differently Than the Financial Crisis nakedcapitalism.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nakedcapitalism.com Daily Mail and Mail on Sunday newspapers.
Yves here. This post makes an important follow-on to Michael Hudson’s discussion of how China and America are pursuing markedly differing economic strategies.
While the IMF is extremely unpopular in Asia due to its heavy-handed management of the late 1990s currency crises, it’s not clear that China can yet step in. The reason that dollar swap lines are valuable is that most trade transactions are denominated in dollars. Any bank that aspires to be an international bank has to be able to clear dollars, which means having banking operations in the US. Foreign banks typically have the ambition to do more than just provide foreign exchange services, which leads them to try to offer lots of other dollar based financing and transaction services. As we saw in the crisis, that can lead to a world of hurt when they wind up holding dollar denominated dreck like CDOs that collapses in value on their balance sheets. But to get bailed out, they had to go to the regulator of their parent, who