

The world’s richest 1% captured over two-third of all wealth created by humanity since 2020, leaving just one-third for the other 99% of the population, claims a report published by Oxfam on Monday, January 16.
The report, titled ‘Survival of the Richest,’ notes that the richest 1% of the world’s population captured over USD 26 trillion (nearly 63%) of the USD 42 trillion created since 2020, nearly twice the USD 16 trillion (37%) that went to the rest of the population.
Oxfam notes that the rate of the concentration of wealth has been faster in the first two years of the new decade than ever before. In the previous decade the super-rich had expropriated nearly 54% of the total wealth created.
Departing showrunner Chris Chibnall is heading to LA to join Jodie Whittaker at Gallifrey One! Gallifrey One has always been a convention that celebrates the whole of Doctor Who, right from the 23rd of November 1963 to the present day. And the 33rd edition of the biggest Doctor Who convention in the world, happening in […]
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There was a Financial Times article recently (January 8, 2023) – Monetary independence is overrated, and the euro is riding high – from Martin Sandbu which strained credibility and continues the long tradition of pro-Euro economists attempting to defend the indefensible – fixed exchange rate, common currency regimes. He claims that the Euro is a better system in the modern era for dealing with calamity than currency independence. However, as I explain below, none of his arguments provide the case for the superiority of the Eurozone against currency-issuing independence. Currency-issuing government can certainly introduce poor policy – often because the policy makers refuse to acknowledge their own capacity and think they have to act as if the nation doesn’t have its own currency. But the negative consequences that flow from testify to the poor quality of the polity rather than any disadvantages of the currency independence. The Euro Member States are being bailed out by the central bank and if that stopped the system would demonstrate the inherent dysfunction of its monetary architecture and nations would fail....Bill Mitchell – billy blog
One question for Paul Sutter, a theoretical cosmologist at Stony Brook University.
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