From a Catholic point of view, there is good reason to look askance at some of the “false promises” coming out of Davos, including the idea that better technology and the economic system as it is can deal with global poverty, inequality and care of creation.
(OSV News) Greedflation is a hot economic topic, raising serious questions about whether or not inflation has indeed been worsened by corporate profiteering, and if American families will ultimately pay the price.
On May 25, The Wall Street Journal reported that first quarter earnings suggested companies are using inflation as an excuse for big price increases, padding profit margins even as the amount of goods they sell has slowed.
Anthony Annett, a visiting scholar at New York s Columbi
(OSV News) As the U.S. recuperates from the unprecedented multiyear consequences of the COVID-19 pandemic complicated by Russia s war on Ukraine and lingering supply chain issues fiscal indicators point to future contraction for the nation s economy, if not eventual recession. Inflation also remains persistent, and interest rates for various kinds of debt have risen.
But the further suggestion by some authorities that almost 2 million Americans could potentially lose their jobs impa
A blog post from a senior fellow from the Council on Foreign Relations attacking the pope's diagnosis of the causes of African underdevelopment doesn't tell the whole story says Jesuit Fr. Thomas Reese.