Gainesville, Florida (Special to Informed Comment) – The 14 largest publicly-traded pharmaceutical companies spent $747 billion on stock buybacks and dividends from 2012 through 2021 — substantially more than the $660 billion they spent on research and development. So argue economists William Lazonick, professor emeritus of economics at University of Massachusetts, and Öner Tulum, a […]
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Health
Child poverty rates highest in states that haven’t raised minimum wage
By Casey Quinlan | – ( Minnesota Reformer ) – Of the 20 states that have failed to raise the minimum wage above the federal $7.25 an hour standard, 16 have more than 12% of their children living in poverty, according to a States Newsroom analysis of wage and poverty data. Anti-poverty advocates say that’s […]
Sen. Warnock’s Triumph Thwarts GOP Plans to gut the Social Security that 65 mn. Americans Depend on
By Nancy J. Altman | – ( Otherwords.org ) – Social Security was on the ballot in Georgia’s December 6 run-off election. Senator Reverend Raphael Warnock’s re-election victory there should be good news for Gold Star families, paralyzed veterans, seniors, and indeed all of Social Security’s over 65 million beneficiaries. It’s bad news for the […]
Parasitic Private Equity is Consuming U.S. Health Care from the Inside Out
Gainesville, Fl. (Special to Informed Comment) – Private equity has succeeded in depicting itself as part of the productive economy of health care services. even as it is increasingly being recognized as being parasitic. The essence of this toxic parasitism is not only to drain the host’s nourishment, but also to dull the host’s brain […]
As Climate Change Provokes Mental Health Crisis, Psychiatrists call for Better Government Support
By Carolina Kyllmann | – ( Clean Energy Wire ) – The “Climate and Psyche” taskforce of the German Psychiatry and Psychotherapy Association (DGPPN) has called for better political support for mental health care through the climate crisis. In a report examining the direct effects of climate change on the psyche, the DGPPN found global […]
8 billion people: Four Ways Climate Change and Population Growth combine to threaten Public Health, with Global Consequences
By Maureen Lichtveld, University of Pittsburgh | – There are questions that worry me profoundly as a population- and environmental-health scientist. Will we have enough food for a growing global population? How will we take care of more people in the next pandemic? What will heat do to millions with hypertension? Will countries wage water […]
The “Rules-Based International Order” Has a Priorities problem, stressing War over Food Security and Climate
( Todmispatch.com ) – Washington’s vaunted “rules-based international order” has undergone a stress test following Russia’s invasion of Ukraine and here’s the news so far: it hasn’t held up well. In fact, the disparate reactions to Vladimir Putin’s war have only highlighted stark global divisions, which reflect the unequal distribution of wealth and power. Such […]
Whatever you Think of the Taliban, the Afghan People Desperately Need Help, not Broad Sanctions
By Ed Corcoran | – ( Foreign Policy in Focus) – The Taliban waged an impressive military campaign and removed the prior government in August 2021. They know how to fight, but they clearly do not know how to run a government. The new Islamic Emirate of Afghanistan has not been able to get international […]
If Government wants to Significantly Reduce Poverty, it Can: Census Data Proves It
By Shailly Gupta Barnes | – ( Otherwords.org) – The U.S. Census Bureau recently reported that poverty dropped notably in 2021. Amid a pandemic and widespread economic pain, this is a significant accomplishment. There are three lessons here — about government programs, about how we measure poverty, and about how far we have left to […]