Category: News (page 2 of 56)

May Day 2024: Trade Unions for Democracy

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 Myth of the Mobile Millionaire

The notion that rich taxpayers will flee if the state comes for their money is mostly fiction.

The Myth of the Mobile Millionaire – The Atlantic

WB-IMF Spring Meetings Wrap-Up

Despite mounting crises, persistent lack of political will to match rhetoric with action remains

Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains – Bretton Woods Project

Re-thinking the battle against homelessness

Eradicating homelessness starts with seeing beyond a one-size-fits-all approach to homeless people.

Rethinking the battle against homelessness (socialeurope.eu)

WB-IMF got it wrong

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 But instead of moving with the times, the lack of outcomes this week demonstrate just how outdated and ill-equipped these institutions are, making them unable to address the complex realities of the 21st century.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.

Reaction: IMF-World Bank Spring Meetings 2024 – Piecemeal ‘solutions’ to shore up countries hit by crises will not help in the long run – Eurodad

Charity Reform in the US

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

Wealthy donors pocket their own aid

  • 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

Poorest countries continue to lose out as wealthy donors pocket their own aid, according to latest OECD data – Eurodad

EU: 33 million euros per hour missing

EU governments are losing out on a staggering 286.5 billion euros in revenue annually, equivalent to 33 million euros per hour, due to their failure to fairly tax Europe’s wealthiest. This amount, equivalent to Finland’s GDP, represents what a European wealth tax of up to 5 percent could raise every year, according to Oxfam’s analysis.

EU governments miss 33 million euros per hour in unpaid taxes from Europe’s super-rich | Oxfam International

Social Security is a human right

Civil society organisations addressed the World Bank and the IMF at their spring meetings in order to promote social security world wide

2024-SpringMeetings-IMF-WBG-EDs-Letter-SS.pdf (socialprotectionfloorscoalition.org)

Free Trade Deception in Africa

The World Bank has exaggerated probable gains from the African Continental Free Trade Area (AfCFTA) to promote partial and uneven trade liberalisation that is unlikely to enhance development on the continent.

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