The ITUC demands substantial changes in global financial strategies to better meet the Sustainable Development Goals (SDGs), after the conclusion of the United Nations’ Financing for Development Forum (FfD Forum).
In a number of swing states in the US people agree to have a billinaire tax pay for better social security
Billionaire tax to bolster Social Security popular in swing states | The Hill
The directive has already changed the landscape on setting minimum wages and extending collective bargaining.
Not done yet—applying the minimum-wages directive (socialeurope.eu)
There is no democracy without trade unions – that’s the message of the global trade union movement this May Day.
May Day 2024: Trade unions For Democracy – International Trade Union Confederation (ituc-csi.org)
The notion that rich taxpayers will flee if the state comes for their money is mostly fiction.
Despite mounting crises, persistent lack of political will to match rhetoric with action remains
Eradicating homelessness starts with seeing beyond a one-size-fits-all approach to homeless people.
Rethinking the battle against homelessness (socialeurope.eu)
This week’s IMF and World Bank Spring Meetings kicked off celebrations marking 80 years since they were created at the Bretton Woods Conference. But instead of moving with the times, the lack of outcomes this week demonstrate just how outdated and ill-equipped these institutions are, making them unable to address the complex realities of the 21st century.
Instead of addressing their structural problems, they have reaffirmed the same failed recipes.
The initiative is called ‘Donor Revolt’. You can find it on www.donorrevolt.com
Americans are a generous people, donating billions of dollars every year to sustain a vibrant independent nonprofit sector. But as wealth has concentrated in fewer hands over the last forty years, philanthropy has become less democratic. Giving by low- and middle-income donors has declined while the ultra-wealthy have come to dominate philanthropy in America. The result has been less money getting to the causes that desperately need it.
Why does this happen? Because wealthy donors are more likely to give through intermediaries like private foundations, which are required to pay out just 5% of their assets each year, and donor-advised funds (DAFs), which have no payout requirements. This stifles the flow of funds to charities on the ground, preventing them from delivering their unique good.
www.donorrevolt.com
- New figures published today by the OECD show that hosting refugees in donor countries accounts for more than US$31 billion (equivalent to 13.8 per cent of total ODA)
- Despite a small rise in ODA across all wealthy countries in 2023, in the EU aid fell by a shocking 7.7 per cent, with only a few members reporting increases
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