Tag Archives: Pandemic

Despite growth projections, world economy is deeply unstable

By Tom Crean The devastation caused by the pandemic-triggered global downturn in 2020 is hard to overstate. It was the biggest economic contraction since the Great Depression of the 1930s. Across the world, working hours equivalent to 255 million jobs were lost. The World Bank estimates that the number of people in “deep poverty,” defined as living on less than ...

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Covid-19 and healthcare crisis — end the two-tier health service

By Robert Cosgrave  In the week ending 5 February there were 177 people suffering from Covid-19 in Intensive Care Units – well above half the total ICU capacity in public hospitals. This has put massive strain on hospitals which already suffer from overcrowding due to a lack of investment in hospital infrastructure and a policy of downgrading particularly regional hospitals as ...

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Covid-19: Capitalism Rushes to Re-Open as Pandemic Grows

By Bill Hopwood, ISA Canada Around the world, countries are lifting the restrictions that were introduced to contain the COVID-19 pandemic. People are being allowed to leave their homes, and workplaces, cafes and stores are re-opening. The sharp closures of society and the economy were needed to reduce the level of infection and death from the virus, only because of ...

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Billionaires profit from a pandemic!

By Haritha Olaganathan US billionaires saw their collective wealth increase by $282 billion in the first twenty-three days of lockdown. Facebook’s CEO Mark Zuckerberg is the biggest financial reaper, as shares in the social media company have surged by almost 60% over the past two months. Another profiteer includes CEO of Amazon Jeff Bezos, whose wealth has increased by $25 ...

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The mental health crisis and COVID-19

By Aislinn O’Keefe According to a 2018 OECD survey, one in six people across Europe are living with a mental health problem, and more than 50% of people will experience mental health issues over the course of their lifetimes. Of the 36 countries surveyed, Ireland ranked joint third for the most instances of mental illness in the country. In Ireland, ...

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