Economic System – Avance Economico http://avanceeconomico.com/ Sun, 19 Sep 2021 01:35:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://avanceeconomico.com/wp-content/uploads/2021/07/icon-7.png Economic System – Avance Economico http://avanceeconomico.com/ 32 32 The Covid crisis is now also a garbage crisis http://avanceeconomico.com/the-covid-crisis-is-now-also-a-garbage-crisis/ Sun, 19 Sep 2021 01:28:00 +0000 http://avanceeconomico.com/the-covid-crisis-is-now-also-a-garbage-crisis/ All over Brazil, recycling plants have been inactive for months. In Uganda, a landfill is running out of reusable plastics. And in the Indonesian capital, disposable gloves and face shields are piling up at the mouth of a river. The increased consumption of plastics and packaging during the pandemic has produced mountains of waste. But […]]]>
All over Brazil, recycling plants have been inactive for months. In Uganda, a landfill is running out of reusable plastics. And in the Indonesian capital, disposable gloves and face shields are piling up at the mouth of a river.

The increased consumption of plastics and packaging during the pandemic has produced mountains of waste. But because COVID-19 fears led to work stoppages at recycling facilities, some reusable materials were thrown away or burned instead.

At the same time, high volumes of personal protective equipment, or PPE, have been wrongly classified as hazardous, according to solid waste experts. This material is often not allowed in normal garbage cans, so much of it is dumped in burn pits or as litter.

Experts say a problem in both cases is that an early fear – that the coronavirus could easily spread across surfaces – created a hard-to-shake stigma around handling perfectly safe waste. Many scientists and government agencies have since discovered that the fear of surface transmission is vastly exaggerated. But old habits die hard, especially in countries where waste disposal guidelines have not been updated and authorities are still concerned about tackling new epidemics.

“Because there is no route of transmission through recycling, say, we always find things that are burned rather than recycled because people are afraid” of surface transmission, said Anne Woolridge, who leads a medical waste working group for the International Solid Waste Association. “You are trying to educate the entire world population in less than a year. It’s impossible.”

As for PPE, Woolridge said, the sight of gloves and masks littering the world would have been unthinkable before the pandemic. “But because everyone is saying that anything that has to do with the pandemic is medical waste, it puts pressure on the system,” she said.

Recycling stops

Recycling rates fell sharply around the world last year, in part due to declining demand from manufacturers. In many countries where the recycling industry still focuses on manual sorting rather than machines, in-person work has been suspended for fear of viruses.

In Brazil, for example, the production of recyclable materials in cities increased by 25% in 2020, mainly due to an increase in online shopping, according to Abrelpe, a national association of sanitation companies. But recycling programs in several cities have suspended operations for several months anyway, citing fears of surface transmission.

This had obvious human and environmental costs. A recent study found that during the suspension period, at least 16,000 tonnes of recyclable material less than usual were in circulation, representing an economic loss of approximately $ 1.2 million per month. for associations of waste collectors.

Another study said that a month of suspensions was a missed opportunity to save the amount of electricity used by more than 152,000 households.

“The suspension highlighted the weaknesses of our system,” said Liane Nakada, co-author of the second article and researcher at the University of Campinas. She and her husband stored their recycling at home for months to avoid throwing it away inappropriately, but they were the exception.

A global divide

Recycling rates are gradually returning to pre-COVID levels in developed economies, said James Michelsen, solid waste expert at International Finance Corp.

“The numbers are getting back to normal, and we go from a discussion of COVID to one of ‘OK, let’s get back to circularity, sustainability, recycling plastics,” ”Michelsen said.

But in countries where recycling is driven by informal collectors, he added, lockdowns and epidemics still create major disruption.

Before a recent COVID outbreak hit Kampala, Uganda, hundreds of people gathered to collect plastics at a city dump. They then sold the plastics to middlemen, who later sold them to recycling companies.

But when the country went into lockdown this summer, movement restrictions prevented trucks from picking up trash in some neighborhoods. There were also fears of surface transmission; officials said COVID was on the rise because people had not washed their hands.

This month, only about a third of the usual number of waste pickers were at the Kampala city landfill, said Luke Mugerwa, a representative of a local pick-up group. Some manufacturers who came to collect reclaimed plastics were unlucky.

“Every day they are always on the lookout for plastics to buy,” Mugerwa said. “The demand is there, but the supply is very low.

Proliferating PPE

Another challenge is the used PPE that has flooded the world since the early days of the pandemic. About 8 million tonnes of plastics already enter the ocean each year, and experts fear the use of PPE and other waste will make the situation even worse.

Most PPE is not dangerous, but many countries still classify it as such, Michelsen said. This means that used gloves and masks are often lumped together with truly hazardous medical waste and either treated at great expense – a waste of money – or disposed of in other ways.

“If you have high volumes coming out of the back of your hospitals into these areas that don’t have the infrastructure, they’re just going to set them on fire,” Woolridge said.

The United Nations Environment Program estimated last year that healthcare facilities around the world produced around 7.5 pounds of COVID-related medical waste per person per day globally. He said that in Jakarta, Indonesia, and four other Asian mega-cities, the overall rate of healthcare waste disposal has increased by about 500%.

Some of this waste inevitably ends up in litter.

In the Indonesian capital, surveys of pre-pandemic pollution of a local river mouth by the Center for Oceanographic Research did not reveal much PPE. But a recent survey found that equipment such as masks, face shields, gloves and hazmat suits accounted for around 15% of pollution.

“Even in Jakarta, which has the country’s largest budget for environmental management, waste continues to seep into the environment,” said Muhammad Reza Cordova, a scientist involved in river surveys. “What about other areas with smaller budgets? ”

On the hunt for syringes

One emerging concern is that as the influx of materials puts new pressure on local authorities, syringes and other truly dangerous medical waste can end up in the wrong places.

In the poorest countries of the world, this would pose a risk to the health of waste pickers. Tens of thousands of people are already rummaging in landfills in Bangladesh, for example. But only three or four of the country’s 64 districts have facilities to safely dispose of used syringes, said Mostafizur Rahman, a solid waste expert in the capital, Dhaka.

“These landfills are not safe or hygienic, so it’s really a concern in terms of environmental health and safeguards,” said Rahman, professor of environmental sciences at Jahangirnagar University.

And because syringes and vaccine vials are a precious commodity on the black market, criminal gangs are encouraged to steal vaccine supplies and resell them illegally through the health care system.

Late last year, Interpol warned that the pandemic had already “sparked unprecedented opportunistic and predatory criminal behavior” around the theft, tampering and illegal advertising of COVID and flu vaccines. The warning came even before most of the world’s population had received a COVID vaccine.

“It’s a real problem in the market,” Michelsen said. “These vials have enormous black market value because you can fill them with anything you want and sell them.”


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Government urged to review foreign investment policies to boost agricultural sector growth – Manila Bulletin http://avanceeconomico.com/government-urged-to-review-foreign-investment-policies-to-boost-agricultural-sector-growth-manila-bulletin/ Sat, 18 Sep 2021 08:39:00 +0000 http://avanceeconomico.com/government-urged-to-review-foreign-investment-policies-to-boost-agricultural-sector-growth-manila-bulletin/ The Secretary of the Department of Agriculture (DA), William Dar, urged the government to review and adjust foreign investment policies deemed “unsuitable” to the current needs of the country’s agricultural sector. DA Secretary William Dar (Photo courtesy of DA) Speaking at the 9th virtual session of the economic forums on September 17, Dar suggested that […]]]>

The Secretary of the Department of Agriculture (DA), William Dar, urged the government to review and adjust foreign investment policies deemed “unsuitable” to the current needs of the country’s agricultural sector.

DA Secretary William Dar (Photo courtesy of DA)

Speaking at the 9th virtual session of the economic forums on September 17, Dar suggested that the government needs to review and adjust policies to create an environment that would attract the most favorable foreign investment.

“Foreign investment is an integral part of an open and efficient global economic system, and a major catalyst for modernization and development,” said the AD chief.

“This is where decisive and immediate action is needed. Many laws and policies that currently govern FDI (foreign direct investment) in agriculture in this country no longer meet the current needs of the sector – unsuited to the demands of economic growth in times of national crisis, ”he said. added.

He added that there was also a need to develop a new, more conducive national policy framework to stimulate the flow of resources and improve government support for the provision of fiscal, financial, technical or technological investments.

Dar also said the department “will continue to develop and implement the policies necessary to create and mobilize capital for the agricultural sector,” noting that foreign direct investment is critical to this process.

“There should be a major effort to build and improve the physical infrastructure and digital connectivity that will make investments in remote and vulnerable areas of the country more viable,” said the head of the DA.

“We must respect these imperatives to extend and extend the benefits of foreign investments to local farmers and fishermen,” he added.


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Rural Indiana communities receive grants to improve water infrastructure and dilapidated properties http://avanceeconomico.com/rural-indiana-communities-receive-grants-to-improve-water-infrastructure-and-dilapidated-properties/ Fri, 17 Sep 2021 20:53:07 +0000 http://avanceeconomico.com/rural-indiana-communities-receive-grants-to-improve-water-infrastructure-and-dilapidated-properties/ Twenty-five rural Indiana communities have received more than $ 12.8 million in federal grants to upgrade water infrastructure and focus on dilapidated properties. “These grants are important for our rural communities to pursue their economic and community development,” Lieutenant Governor Suzanne Crouch said in a press release. “This funding not only helps tackle the plague […]]]>

Twenty-five rural Indiana communities have received more than $ 12.8 million in federal grants to upgrade water infrastructure and focus on dilapidated properties.

“These grants are important for our rural communities to pursue their economic and community development,” Lieutenant Governor Suzanne Crouch said in a press release. “This funding not only helps tackle the plague and water infrastructure issues, but is also a significant investment in improving the quality of life and the quality of the place for Hoosiers. “

The Wastewater / Drinking Water program aims to protect health and the environment, reduce utility prices for low to moderate income communities, and improve rural infrastructure to enable long-term economic growth.

• A total of $ 700,000 has been granted to the City of Cambridge to update the
water distribution system.

• Dale received $ 700,000 to modernize and improve the wastewater collection system.

• A total of $ 700,000 was provided to Dillsboro to upgrade the city’s drinking water system.

• Edinburgh received $ 700,000 to build a new dual media water treatment plant. This funding will also support the creation of new well drives, new motors and pumps, and the construction of a new water well.

• Elizabethtown received $ 700,000 for improvements to the city’s wastewater treatment infrastructure.

• A total of $ 700,000 has been allocated to Greencastle for the renovation of a main line. This work will also include the installation of new fire hydrants as well as new valves that will improve fire protection.

• Hazleton received $ 700,000 for improvements to the sewage system.

• Kingman received $ 700,000 for the rehabilitation of wastewater infrastructure.

• Kingsford Heights received $ 700,000 to replace 24 fire hydrants, 550 water meters and 24 fire hydrants.

• Patriot received $ 487,011 to replace a lift station, rehabilitate a lift station and remove a lift station.

• Randolph County received $ 600,000 to improve water infrastructure in the towns of Modoc and Losantville.

• Trafalgar received $ 700,000 for wastewater upgrades.

The Blight Clearance Program focuses on long-term community development and revitalization, job creation and the promotion of economic revitalization. Qualified work includes the removal of deteriorated or abandoned downtown buildings or unusable industrial sites.

• Cannelton received $ 500,000 to eliminate hazardous environmental conditions on the former Can-Clay Corp property.

• The amount of $ 75,000 was granted to the city of Francisco for the demolition and clearance of the old “IOOF” building located on State Road 64.

• Knox received $ 137,674 to demolish the old Moose Lodge building.

• Linton received $ 324,450 to remove the abandoned Eagles building located on Vincennes Street.

• $ 333,070 was awarded to Miami County to clean up a dilapidated and dangerous building that has a history of vandalism, lack of structural soundness and environmental problems associated with asbestos.

• Patoka received $ 100,000 for the demolition of the old Patoka School, located on South Main Street.

• Sharpsville received $ 255,100 to clear out a dilapidated structure known as the Cheese Factory.

• Silver Lake received $ 350,000 to eradicate the Lake Township School.

• A total of $ 500,000 was donated to Union City for the demolition of four commercial buildings.
The Stormwater Improvement Program aims to reduce flooding, lower stormwater treatment and energy costs, protect important rivers, lakes and landscapes, and create jobs to stimulate economic revitalization. Projects eligible for this funding include stormwater improvement, as well as demolition and / or clearance.

• $ 441,387 was awarded to Clinton to rehabilitate failed drainage systems and reduce flooding.

• The amount of $ 600.00 was awarded to Fountain City for improvements to the city’s stormwater system.

• Oolitic received $ 600,000 to reduce flooding.

• Walton received $ 509,155 to improve stormwater flow throughout the city.


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The belligerent plans for the German economy are full of holes http://avanceeconomico.com/the-belligerent-plans-for-the-german-economy-are-full-of-holes/ Thu, 16 Sep 2021 20:59:24 +0000 http://avanceeconomico.com/the-belligerent-plans-for-the-german-economy-are-full-of-holes/ “I I HOPE YOU I’ll never have to see it like that again, ”says Markus Quint, communications manager at Frankfurt’s Messe (exhibition center), as he inspects 440,000 square meters of empty halls from a 22nd-floor terrace. When the pandemic struck last spring, the Messe, which had welcomed nearly 2.5 million visitors in 2019, had to […]]]>


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True democratic freedom is impossible without economic equality http://avanceeconomico.com/true-democratic-freedom-is-impossible-without-economic-equality/ Wed, 15 Sep 2021 21:32:30 +0000 http://avanceeconomico.com/true-democratic-freedom-is-impossible-without-economic-equality/ Any functional system requires regular corrections. Otherwise, it accumulates unwanted tendencies. This applies to the larger democracy, which is often praised for holding “free and fair elections”. It is high time that we asked ourselves whether we have imbibed the democratic spirit and whether we exercise it without fear or favor. Democracy is above all […]]]>

Any functional system requires regular corrections. Otherwise, it accumulates unwanted tendencies. This applies to the larger democracy, which is often praised for holding “free and fair elections”. It is high time that we asked ourselves whether we have imbibed the democratic spirit and whether we exercise it without fear or favor.

Democracy is above all freedom. Rosa Luxemburg said that real freedom is the freedom to disagree. In a functional sense, democracy means discussion, debate and dissent. But in India, these are disappearing quickly. There is a deliberative deficit. Public space is shrinking. There are only a few spaces provided by political parties where discussions are directed and controlled. It’s a “give and take” exercise, leaders give and executives take – but not in the way we know it. Structurally, democracy must mean equality; but equality is only possible in a non-hierarchical situation.

In the case of India, inequality is the very basis of our culture, an unconditional acceptance of a “culture of inequality”. Democracy is not an end in itself; it is a means to an end which must be socially defined and determined. For example, development, in the democratic sense, must be inclusive, equitable and sustainable. People should be the primary agents in formulating, implementing, supervising and evaluating programs and projects. In the interventionist era, man was considered only as the object of development. Development ‘happened’ intransitively: roads were built for them and houses were built for them.

It is undeniable that India has an accommodating democracy. It accommodates socio-economic inequalities, regional and sectoral imbalances, and what not?

Within the framework of the much acclaimed democratic decentralization, what really happened is the devolution of certain functions, responsibilities and resources determined at the central level to lower levels of administration, without changing the structures of power – social, economic, political and religious.

Power, whether national, regional, local, corporate or family, always tends towards centralization. In this sense, power cannot be decentralized. In other words, the centralization of power is not the problem and its decentralization is not the solution. Power itself is the problem, because it is always used by the powerful against the powerless, by the strong against the weak, by the rich against the poor. History testifies that in a society divided into classes, the state, which embodies power, protects the rich and the powerful against or against the poor and the oppressed. Thus, the state is an instrument of oppression. The more unequal a society, the more authoritarian the state. Ideally, in an egalitarian system, state power has no place. Marx had said that in a classless society, the state would wither away. In India, because of the glaring and growing economic inequalities, the state is becoming more and more authoritarian. It is even claimed that India is in the process of becoming a democracy without freedom. The leaders fear freedom. Always and everywhere, rulers are enemies of freedom.

Leaders are an endangered species. We only have leaders. We have effective leaders, effective administrators and an effective police force. Democracy means efficient administration, strengthening and maintaining the status quo, and not changing the system. Stability and continuity are privileged. Challenging inequalities calls for draconian laws, reminding us of the statement made at the Madras High Court by famous lawyer and human rights activist Kannabiran: “Crime is defined by law, but the criminal is determined by law. State. Remember how migrant workers were treated during lockdown last year. Or the 2018 incident in which a starving Adivasi in Attappadi, Kerala was beaten to death for stealing food.

True democracy is economic democracy, as Ambedkar pointed out. A starting point is to ensure economic security for all, not through an income transfer program (universal basic income), but through the granting of universal property rights. The poor should not be treated as welfare thieves, but as consumers, active producers and potential entrepreneurs. This should be ensured by the new economic package put in place by the Modi government.

The MGNREGA allowance should be used not to create salaried jobs but to build the asset base of the poor, develop entrepreneurship (business and social) among them, build idea / idea centers. incubation and helping to undertake production / business units, individually or on a group basis. Let them pursue and explore fortunes on the fringes, such as CK Prahalad’s exhortation to explore “fortune at the bottom of the pyramid”. The founder of the Grameen Bank of Bangladesh, Muhammad Yunus, describes the poor as “natural entrepreneurs”. Treat the subclass not only as passive wage earners / recipients of social benefits, but as potential producers. Let us trust them. And build a democracy of “freely associated producers”.

The writer is an economist


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How To Solve Social Security Insolvency Problem http://avanceeconomico.com/how-to-solve-social-security-insolvency-problem/ Sat, 11 Sep 2021 17:30:00 +0000 http://avanceeconomico.com/how-to-solve-social-security-insolvency-problem/ A long-awaited government report on the future solvency of social security was finally released last week, and it predicted that the main trust fund that finances social security will run out in 2034, a year ahead of schedule. The Old Age and Survivors Insurance and Disability Insurance Trust Fund are expected to reach this unfortunate […]]]>

A long-awaited government report on the future solvency of social security was finally released last week, and it predicted that the main trust fund that finances social security will run out in 2034, a year ahead of schedule.

The Old Age and Survivors Insurance and Disability Insurance Trust Fund are expected to reach this unfortunate milestone in just thirteen years. This would require that benefits be reduced at that time.

“The trustees’ projections in this year’s report include the best estimates of the effects of the COVID-19 pandemic on the social security program,” Kilolo Kijakazi, acting social security commissioner, said in a statement released by the Social Security Administration.

“The pandemic and its economic impact have had an effect on social security trust funds, and the future course of the pandemic is still uncertain. Yet social security will continue to play a vital role in the lives of 65 million beneficiaries and 176 million workers and their families in 2021. “

However, that date may be pushed back if Congress takes action. The Philadelphia Investigator‘s Joseph N. DiStefano wrote on Wednesday about how this could happen.

Forces driving down funds, which include the pandemic and fewer people contributing to the system, say “Congress and the President may have to do something painful – raise Social Security taxes, or cut payments, raise retirement age, or do it all at once. What they have done in the past: notably in 1983, when President Ronald Reagan joined the Democrats in a deal to raise contributions a bit, and slowly raise the “normal” retirement age to 67, making it the system more solvent, at least until this generation of Washington politicians is safely dead. ”

The proposals, the author says, include raising the retirement age to 69, reducing annual increases in social security and increasing payroll taxes. DiStefano also noted that two senators, Joe Manchin (D-WV) and Mitt Romney (R-UT) have “called for a national commission of social security experts” to study the issue and make recommendations.

“The longer we wait, the less money will be left in the program. Wait until it is about to go bankrupt, and the cuts will have to be much bigger, or the bailout a lot more expensive, or we’ll have to repeat it very frequently, ”the editorial said. “Can’t we just borrow money? It may be a way out. But the system is currently excluded from deficit financing. Changing that would override another of the guiding and popular principles of the system – that it is a pay-as-you-go system, not welfare, but a system in which people have earned their payments. ”

Stephen Silver, Technology Writer for The National Interest, is a journalist, essayist, and film critic who also contributes to The Philadelphia Inquirer, Philly Voice, Philadelphia Weekly, the Jewish Telegraphic Agency, Living Life Fearless, Backstage magazine, Broad Revue de rue and splice today. Co-founder of the Philadelphia Film Critics Circle, Stephen lives in the suburbs of Philadelphia with his wife and two sons. Follow him on Twitter at @StephenSilver.

Image: Reuters.


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Childcare is “the highway to economic recovery” http://avanceeconomico.com/childcare-is-the-highway-to-economic-recovery/ Wed, 01 Sep 2021 22:01:00 +0000 http://avanceeconomico.com/childcare-is-the-highway-to-economic-recovery/ One of the industries that was deeply affected by the pandemic was the child care industry in New York City. More than 1,200 child care operators closed permanently during the COVID-19 crisis. “This has been a challenge for child care providers,” said Peter Nabozny of The Children’s Agenda in Rochester. Capital tonight. “Due to fixed […]]]>

One of the industries that was deeply affected by the pandemic was the child care industry in New York City. More than 1,200 child care operators closed permanently during the COVID-19 crisis.

“This has been a challenge for child care providers,” said Peter Nabozny of The Children’s Agenda in Rochester. Capital tonight. “Due to fixed costs and personnel, they suffered heavy losses. Mostly the smaller, home-based providers who are disproportionately located in urban areas and run by black and brown women.

The good news? Thanks to several federal funds, $ 2.4 billion is earmarked for the stabilization of child care centers, child care waivers for families and the reinvention of the state child care system.

In addition, there is more good news for the besieged sector. Governor Kathy Hochul has been deeply involved in child care issues.

While still Lieutenant Governor, Hochul chaired the Child Care Availability Working Group with Labor Commissioner Roberta Reardon and Commissioner of the Office of Children and Family Services (OCFS ) Sheila Poole.

Just this week, Hochul announced that the state has disbursed $ 89 million of the $ 1.1 billion in stabilization funds for child care services to child care providers as part of a program launched ago. less than a month.

Capital tonight asked Poole how the funding is intended to help the sector.

“[Providers] are able to use these funds in a very flexible way, whether it is to make improvements to their program to improve social distancing, to purchase new equipment, to replenish PPE, to help with rent, utilities, mortgages – challenges they may face as a result of the pandemic, ”Poole explained. “Frankly, this is a game-changer for suppliers. “

Advocates, including Nabozny of The Children’s Agenda, praised the OCFS web portal, saying it is very simple and easy to use, which Poole acknowledged.

“Often in less than three weeks vendors receive thousands and thousands of dollars directly deposited into their accounts,” said Poole. “If they want to, it’s really amazing.”

Unfortunately, not all of the federal money that went through the OCFS was so easily disbursed.

In late July, Dede Hill, policy director of the Schulyer Center for Analysis and Advocacy, said Capital tonight that the first round of federal funding took a long time to reach providers and parents.

“New York State has made many mistakes in providing CARES Act child care funds to child care providers and parents,” Hill said. “But it seems there are lessons learned.”

Poole said she “appreciated the sense of advocacy from advocates for the state to move with agility and speed,” but the funding from the CARES Act, which was released in March 2020, was the first pot of federal funding in pandemic case that the OCFS had to distribute.

“We definitely made a few missteps, for sure,” Poole added.

Another area the state can improve, advocates say, is the child care subsidy system.

Poole says the OCFS is working on it.

“This [funding] goes through local social service departments, ”said Poole. “And so we had to issue regulations, we had to issue guidelines, which we did, and these subsidy provisions will come into effect next month, at the end of October.”

With the release of the Child Care Availability Task Force report in May, the OCFS along with providers and advocates have a roadmap to follow in order to reinvent child care in the world. New York State.

“There is no doubt that the task force was incredibly robust, passionate and ambitious,” said Poole. “Child care is, metaphorically, the highway to economic recovery.”

Poole continued, saying the state is moving towards universal child care.

“Now is the time, I believe, for childcare in our country,” she said.


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Taliban prepare to form new cabinet as US evacuation draws to a close http://avanceeconomico.com/taliban-prepare-to-form-new-cabinet-as-us-evacuation-draws-to-a-close/ Sat, 28 Aug 2021 21:00:00 +0000 http://avanceeconomico.com/taliban-prepare-to-form-new-cabinet-as-us-evacuation-draws-to-a-close/ Taliban spokesman Zabihullah Mujahid speaks at a press conference in Kabul, Afghanistan, August 17, 2021. REUTERS / Stringer Aug.28 (Reuters) – The Taliban said on Saturday they were preparing a new cabinet as the US evacuation drew to a close and expected the sharp drop in currencies and economic turmoil to come to an end. […]]]>

Taliban spokesman Zabihullah Mujahid speaks at a press conference in Kabul, Afghanistan, August 17, 2021. REUTERS / Stringer

Aug.28 (Reuters) – The Taliban said on Saturday they were preparing a new cabinet as the US evacuation drew to a close and expected the sharp drop in currencies and economic turmoil to come to an end. after their takeover of Kabul two weeks ago would abate.

Zabihullah Mujahid, the movement’s main spokesperson, made the comments to Reuters as the US military ended its mission to evacuate vulnerable US citizens and Afghans and withdraw troops from Kabul airport before the August 31 deadline set by President Joe Biden.

Mujahid condemned a nighttime US drone strike on Islamic State militants following Thursday’s suicide bombing near the airport as a “clear attack on Afghan territory.”

But he called on the United States and other Western countries to maintain diplomatic relations after their withdrawal, which he expected to be completed “very soon.”

The exact timing of the formation of a new cabinet remained uncertain. Reuters initially quoted Mujahid as saying the announcement would be made within the next week, but in a voicemail message later he said the composition of the new cabinet would be approved “in a week or two.”

Responding to a question on whether women would be included in the new cabinet, he said it would be up to the leaders to decide and he could not anticipate what their decision would be.

There is growing frustration in Kabul over the severe economic hardship caused by the falling currency and rising food prices, with banks still closed two weeks after the city fell to the Taliban.

On Saturday, a Taliban statement said banks had been ordered to reopen with a weekly withdrawal limit of $ 200 or 20,000 Afghanis.

Mujahid said officials have already been appointed to head key institutions, including the ministries of public health and education and the central bank.

United Nations officials have warned that Afghanistan faces a humanitarian disaster, with large parts of the country suffering from extreme drought conditions.

The economy, wiped out after four decades of war, is also facing the loss of billions of dollars in foreign aid following the withdrawal of Western embassies from the country.

Mujahid said the economic problems encountered would be alleviated once the new government was in place.

“The fall of the Afghani against foreign currencies is temporary and it is because of the situation which has suddenly changed, it will return to normal once the government system starts to function,” he said. .

Reporting by Rupam Jain; Writing by James Mackenzie; Editing by Frances Kerry and Daniel Wallis

Our Standards: The Thomson Reuters Trust Principles.


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Shortages make the United States look like the USSR http://avanceeconomico.com/shortages-make-the-united-states-look-like-the-ussr/ Wed, 25 Aug 2021 11:37:32 +0000 http://avanceeconomico.com/shortages-make-the-united-states-look-like-the-ussr/ A famous Cold War true story tells of how Soviet leader Boris Yeltsin’s unexpected visit to a Houston-area grocery store contributed to the fall of communism. Yeltsin stopped by the grocery store after visiting the Johnson Space Center. Still, “it wasn’t all of the screens, the dials and the wonder of NASA that blew her […]]]>

A famous Cold War true story tells of how Soviet leader Boris Yeltsin’s unexpected visit to a Houston-area grocery store contributed to the fall of communism.

Yeltsin stopped by the grocery store after visiting the Johnson Space Center. Still, “it wasn’t all of the screens, the dials and the wonder of NASA that blew her skirt up, it was the unplanned trip to a nearby Randall store,” Stefanie Asin of the Houston Chronicle reported in September 1989.

According to a 2017 Chronicle retrospective:

Yeltsin, then 58, “walked through Randall’s aisles nodding in astonishment,” Asin wrote. … ‘Even the Politburo has no choice. Not even Mr. Gorbachev, he said. When told through his interpreter that there were thousands of items for sale in the store, he couldn’t believe it. He had even thought that the store was a stage, a spectacle for him. Little did he know there were countless stores like this all over the country, some with even more stuff than the Randall’s he visited.

Two months later, in November 1989, the Berlin Wall collapsed and the fall of Soviet communism became a stunt. Later, in his autobiography, Yeltsin wrote that this trip to an American grocery store was what ultimately destroyed his belief in communism. “Two years later, he quit the Communist Party and started making reforms to reverse the economic trend in Russia,” the Chronicle notes.

The New York Times wrote about this visit in its 2007 obituary for Yeltsin:

During a visit to the United States in 1989, he became more convinced than ever that Russia had been ruined by its centralized, state-run economic system, where people lined up to buy the most basic needs. of life and most often found the shelves bare. He was overwhelmed by what he saw in a Houston supermarket, by the kaleidoscopic variety of meats and vegetables available to ordinary Americans.

Leon Aron, quoting an associate of Yeltsin, wrote… “For a long time, on the plane to Miami, he remained motionless, his head in his hands. “What have they done to our poor people? he said after a long silence. He added: “On his return to Moscow, Yeltsin would confess the pain he felt after the excursion to Houston:” pain for all of us, for our country so rich, so talented and so exhausted by endless experiences. ” ‘

He wrote that Mr. Yeltsin added: “I think we have committed a crime against our people by making their standard of living so incomparably lower than that of Americans. A collaborator, Lev Sukhanov, reportedly said that was when “the last vestige of Bolshevism collapsed” inside his boss.

It wasn’t just Yeltsin – those who managed to flee Communist-ruled states had similar revelations in American grocery stores. Some people cried the first time they entered the United States. A Jewish man recorded in an oral history project tells how, under Soviet communism, to get foods like sausages, you had to know someone with inside information.

“In America, when we went to a supermarket like King’s Sooper, it was overwhelming to see so many products,” emigrant Yankl Garelik told the interviewer in Russian. “It was like a vacation for us to go shopping for food and stuff.”

In 1989 in Moscow, supermarkets looked like this:

I heard about the phenomenon of communist grocery stores a few years ago, and it occurred to me recently while shopping here in the heart of the United States. In America, I see things that remind me of those stories from the USSR: empty shelves, understaffed staff, exhausted managers, shortages.

In one store, the manager who checked me over and over again apologized profusely for the understaffing, saying that she couldn’t hire anyone. While checking me out, she got a call from a customer asking for out-of-stock items, telling the caller she didn’t know when they might get them.

From people across the country, I hear similar stories.

“The lady who helped me load my couch into the back of my van told us she hired 39 people at a time,” writes a colleague from a western state of buying new furniture . “Some of them showed up for orientation, and most of those who went for orientation never came back. They have signs like every 12 feet in the store saying they’re hiring.

“I spent 10 minutes in a CVS looking for someone to unlock the soap case before I gave up and left,” wrote another person on the East Coast.

“I was at the hardware store last night, and they were completely out of a ton of basic plumbing fittings,” wrote a correspondent in the South. “The restaurants are all understaffed. Nobody can dig a well because they cannot find people to operate the platforms. It’s a mess. In the rural areas around us, businesses advertise job openings calling them twice a month for economic stimulus payments. “

Employers and other producers attribute the shortages to the aftermath of lockdowns, government subsidies to keep people out of work, and now vaccine mandates forcing workers to quit or be made redundant. CNN Reports New Car Shortages Due to Lack of Computer Chips; Coffee; jet fuel due to blockages and lack of tanker drivers; and school supplies.

Forbes notes that this is due to blockages and FUBARing unemployment benefits global supply chains: “The problem is only with shipping containers. They’re stuck in the wrong places with empty containers in ports where they can’t be filled and sent back to ports where they can. This container shortage results in a doubling or tripling of the cost of shipping the product. “

Hospitals everywhere are hungry for employees. The emergency services too. The high gas prices caused by the anti-energy policies of the Biden administration affect everything because everything has to be transported. And this will continue at least until 2022, with prices likely to continue to rise as a result.

“To make matters worse, the costs of shipping containers are increasing dramatically – three to 10 times higher than before COVID – due to demand. Small importers and retailers face limited availability as some large retailers pre-purchase container space in anticipation of the holidays, ”Newsday reports. “… For retailers, the bad news is that they have to buy more products so they don’t run out, but the“ good news is they can charge more ”. “

In other words, people and businesses need to keep stocking, and it helps to know a guy who can get you supplies. Just like people did in the USSR.

Another worrying echo from the USSR is the attempts to enact vaccination blockades that will certainly not stop being entry papers related only to an injection of COVID-19. The goal is for vaccine passports to become a comprehensive social credit system. That the acceptance of socially demanded behaviors can determine access to employment or schooling is another dynamic endemic to communist countries like the USSR and China today.

We don’t want these social or economic systems here. Americans are throwing away the lessons of the atrocities of communism at our peril.

Of course, the full force of National Socialism as it happened in the Soviet Union is much worse than not being able to get your child’s backpack in the color they want or paying twice as much. for milk. But we’re talking about noticing signs that we’re on a path that might end in a very, very dark place. We have to turn around.

Our ruling class maintains beliefs in central planning and secularism that are just as strong and unnatural as those of the Politburo. And they are increasingly imposing poor and middle class lifestyles on the United States that are just as foreign to our freedoms and creativity. It’s up to us to look around those grocery shelves and say, “COVID is no excuse to allow this to happen more. “


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Lebanon struggles to form government as economic crisis rages across country – World Peace Organization http://avanceeconomico.com/lebanon-struggles-to-form-government-as-economic-crisis-rages-across-country-world-peace-organization/ Sun, 22 Aug 2021 20:00:47 +0000 http://avanceeconomico.com/lebanon-struggles-to-form-government-as-economic-crisis-rages-across-country-world-peace-organization/ On August 16, following a nationwide fuel shortage caused by the economic crisis that has plagued the country for years, Lebanese President Michel Aoun said steps were finally being taken to form a functioning government. in the next few days. As of August 20, no government had yet been formed, indicating a potential continuation of […]]]>

On August 16, following a nationwide fuel shortage caused by the economic crisis that has plagued the country for years, Lebanese President Michel Aoun said steps were finally being taken to form a functioning government. in the next few days. As of August 20, no government had yet been formed, indicating a potential continuation of the Lebanese government’s trend of political inaction that has crippled the country in recent years. This trend has kept him from recovering from the economic collapse that plunged more than half the country into poverty.

Lebanon has slowly collapsed economically over the past two decades, with the crisis starting in earnest in the fall of 2019 and intensifying dramatically following the notorious Port of Beirut explosion in August of last year. Since the civil war that took place in the 1990s, Lebanon has experienced widespread corruption in government, with senior officials using public funds and national bank reserves to finance their personal expenses for decades. The central bank was able to support this spending for several years after the economy was restructured to be based on foreign investment and the disincentive to labor productivity in the country. However, according to American University of Beirut economics professor Nisreen Salti in an interview with Democracy Now !, this has concentrated the majority of the country’s money in the hands of a “very small class of commercial interests. , namely import cartels and bank owners. and real estate developers, [people] closely linked to a political class. This resulted in devastating income inequality and a national debt, “and the minute the inflows of dollars ceased, which happened in the fall of 2019 when the crisis began, the whole system collapsed. “.

This collapse devastated the Lebanese economy. According to the Middle East Institute, “GDP is estimated to contract by 25% in 2020, with a further 10-15% decline expected for the remainder of 2021. Measured in USD, the Lebanese economy could eventually shrink. of $ 60 billion. in 2018 to $ 15 billion in 2021. Given the human costs, “an extreme form of wealth destruction is underway, with the Lebanese people de facto losing the majority of their bank savings. Meanwhile, four in ten Lebanese are out of work and half of the population is below the poverty line. Now, with widespread fuel and water shortages, Lebanese citizens are struggling to cope. Confidence in the government has declined dramatically, and if the crisis continues, there is likely to be a mass exodus of young skilled workers leaving Lebanon over the next few years, further depriving a potential government of any economic influence or bargaining power.

Nothing can be done to deal with the crisis in the long term if Lebanon does not soon form a functioning government. However, government officials have a track record of “malicious negligence,” which is an approach that has been taken in an attempt to prevent the political class from taking responsibility for any economic issues for fear of angering the political class. affairs that control them or further polarize the various sects that exist within the government. As a result, the country has not had a cohesive government body since the start of 2020, and this trend does not appear to be stopping anytime soon.

The Middle East Institute has identified probable scenarios of how this crisis could play out in the coming months. Lebanon has long fallen back on the idea that foreign countries will come to save it from its economic crises, as has been the case in recent years. Even now, the United States and Hezbollah are rushing to see who can provide the fuel, and therefore political power, in Lebanon. There isn’t much foreign powers can do to support a collapsing country, however, and that can’t serve as a long-term plan.

The best scenario, according to the Middle East Institute, would be for the country to reach a “political consensus around a comprehensive economic program, on the basis of which a credible and independent government with emergency legislative powers can be formed.” This government could then strike a deal with the International Monetary Fund (IMF) to take out a loan, then form a three-year plan to restructure the debt allocation and corrupt banking sector and put the country on the road to recovery. . However, given the extensive internal struggles within the entrenched political class as well as the long-term economic commitment required to facilitate this, the likelihood of this happening is incredibly low.

The most likely scenario would be a ‘muddle’ approach which, with the resources of Hezbollah, the United States and the IMF, would seek to cripple the economic crisis until the national elections of 2022, where a new government could be put. in place, and more. solid economic plans could be discussed. However, all of this centers on the assumption that a Lebanese government can be formed in the near future, and the economic crisis must remain the main focus as political negotiations unfold in the coming weeks.


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