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The Latest Breaking News from Joseph Stiglitz

Did Central Banks Break Inflation? Some Economists Have Doubts

Central bankers who orchestrated the wave of interest rate hikes over the past two years, hoping to avoid a painful inflationary spiral, are now facing an uncomfortable question: Were their moves helpful?

International Business Times

What happened in the Russia-Ukraine war this week? Catch up with the must-read news and analysis

The soldier who escaped from Azovstal – after it fell to the Russians; the argument for seizing Russian funds

The Guardian - AU

EU-funded report calls for wealth of super-rich to be taxed, not income

Wealthiest 3,000 working on ‘edge of legality’ using shell companies to funnel dividends and own property to avoid income tax, says study

The Guardian - UK

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Rich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enough

Just like the Yom Kippur war 50 years before, the current conflict represents a grave threat to an already fragile global economy

The Guardian - UK

IMF should give poor countries $300bn a year to fight climate crisis, says Joseph Stiglitz

Developing nations need equivalent of US Inflation Reduction Act, says Nobel prize-winning economist

The Guardian - UK

Was the Radical Left Correct About the IMF and World Bank?

Alex Gladstein on how "monetary colonialism" has crippled the Third World

Reason

SVB collapse proves global financial system needs rethink, says Nobel economist

After Silicon Valley Bank collapsed, shaking world markets, Nobel economics prize winner Joseph Stiglitz says US authorities "did the right thing" by providing federal money to protect deposits. But the economist also says the financial system needs a rethink to properly bring it into the digital era.

Radio France Internationale

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Why Silicon Valley Bank’s collapse put the spotlight on Trump

The 2018 partial rollback of US’s Dodd-Frank is under renewed scrutiny following the failure of California-based lender.

Al Jazeera

Joseph Stiglitz: tax high earners at 70% to tackle widening inequality

Nobel prize-winning economist calls for new top rate of income tax and 2-3% wealth tax on fortunes

The Guardian - UK

After Neoliberalism

All economics is local.

Foreign Affairs

International economists ask Biden to release Afghan central bank funds

More than 70 economists and experts, including Nobel Laureate Joseph Stiglitz, called for Washington and other nations to release Afghanistan's central bank assets in a letter sent to U.S. President Joe Biden on Wednesday.

Reuters

In New Zealand wages are growing. Will Australian workers' pay packets get a bump?

There are hints that wages are going up — helping workers meet the cost of soaring inflation for food, fuel and essentials. But you might have to quit your job to get a raise.

ABC News

Biden, Republicans spar over impact of Dems' economic plan

Democrats call it the “Inflation Reduction Act.”

The Independent UK

After 2008’s financial crisis, life went back to normal. Will it this time?

A few short years after the financial crash, oil, food and flights were affordable again. But this downturn looks much darker

The Guardian - UK

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The Guardian - AU

Soaring gas prices help Origin Energy net $1.59bn from Queensland pipeline

Revenue at Australia Pacific LNG doubles in 2021-22, prompting renewed calls for a windfall tax

The New Daily

Alan Kohler: Small government and free markets – ideology or greed?

A desire to pay less tax is part of the conservative mindset, which will make it more persistent even if Professor Stiglitz is right about government.

The Guardian - UK

Leading figures urge drugs firm to lower price of ‘game-changing’ HIV prevention drug

Signatories including Olly Alexander, Stephen Fry and Joseph Stiglitz issue a letter asking ViiV to make cabotegravir affordable to low- and middle-income countries

The Guardian - AU

Woodside and Santos reap bumper profits as Ukraine war drives energy prices higher

Oil and gas companies’ record sales figures come as Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax

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The New Daily

Nobel Prize winner’s pitch deals with power companies profiting as prices soar

A Nobel Prize-winning economist is calling for a tax on the windfall profits power companies have generated while consumers are hit with surging prices.

The Guardian - AU

Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax in Australia

Tax is a ‘no-brainer’ after companies’ huge profits during Covid but corporate influence makes it ‘politically difficult’, Stiglitz says

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