“Will Corporate Greed Prolong the Pandemic?”: Nobel Laureate Joseph Stiglitz on Global Vaccine Equity

Nobel Prize-winning economist Joseph Stiglitz says global vaccine inequity endangers everyone on the planet, including those in rich countries, and says the best way to solve the problem is to drastically increase production of COVID-19 vaccines. “As long as the disease is festering someplace in the world, there are going to be mutations,” Stiglitz says. “So it’s in our own self-interest that we get the disease controlled everywhere.” Source link

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Joseph Stiglitz: Ending Unemployment Benefits as Pandemic Rages Is Cruel & Hurts Economic Recovery

As unemployment benefits for millions of U.S. workers expired on Labor Day, with many states suffering the worst surge of the pandemic, economist Joseph Stiglitz says it’s “disturbing” federal aid was allowed to lapse. “This is going to feed into the problems posed by the Delta variant.” Stiglitz also talks about whether Federal Reserve Chair Jerome Powell should stay in the job, saying he has done a “reasonable job” during the pandemic but has a tendency “to side with Wall Street and engage in deregulation.” Source link

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Historic But Inadequate: Joseph Stiglitz on G7 Deal to Back a 15% Global Minimum Corporate Tax Rate

This is a rush transcript. Copy may not be in its final form.AMY GOODMAN: Finance ministers from seven of the world’s wealthiest nations have backed a plan to set a global minimum corporate tax rate of at least 15% on multinational companies. The agreement was reached during a meeting in Britain of the G7. That’s the Group of 7. U.S. Treasury Secretary Janet Yellen praised the agreement. TREASURY SECRETARY JANET YELLEN: G7 has taken significant steps this weekend to end the existing harmful dynamic, making commitments today that provide tremendous momentum towards achieving a robust global minimum tax at a rate of at least 15%. … That global…

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The End of Trickle-Down Economics? Joe Stiglitz on the "Transformational" $1.9T American Rescue Plan

President Biden has signed the $1.9 trillion COVID-19 relief package, which Democrats are hailing as the largest anti-poverty bill in a generation. It includes stimulus checks to most adults, expanded unemployment benefits and an overhaul of the child tax credit. One study projects the law will lift almost 14 million Americans out of poverty, including 5.7 million children. “This is transformational,” says economist Joseph Stiglitz. “It says, 'We are actually going to live up — try to live up — to our aspirations.'” Source link

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Joseph Stiglitz on the Pandemic Economy & Why He Backs Sanders’ Filibuster for $2000 Stimulus Checks

In these times of COVID-19, climate chaos and elections, independent news is more important than ever. You turn to Democracy Now! because you trust that when we're reporting on the pandemic or the uprisings against police brutality—or the climate crisis—our coverage is not brought to you by the fossil fuel, insurance or weapons industries or Big Pharma. We count on YOU to make our work possible. If everyone who visits our website gave just $8, we could cover our operating costs for 2021. Really—that’s all it would take. And today a generous supporter will double your donation to Democracy Now!, meaning your gift will go twice as far.…

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