Fintechs and payday lenders are aggressively lending to gig economy workers even as banks and large non-bank financial corporations (NBFCs) become more conservative in the space. Fintech lenders saw demand for food and grocery delivery managers with various app-based platforms jump up to 40% in Q4FY22, industry executives said. HigherRead More →

Just a few space-loving billionaires. — Open democracy How long can billionaires keep amassing wealth while the world’s poorest struggle to buy food? request Paul Roger While it has long been clear that the global economic model is not working for everyone, the rate of wealth accumulation by a smallRead More →

Islam and Economics: An Introduction to Markets, Morality and JusticeBy Ali SalmanActon Institute, USAISBN: 978-1880595466160pp. Pakistani public scholar Ali Salman’s new book, Islam and Economics: A Primer on Markets, Morality and Justice, is a must-have, offering a slightly non-academic overview of Islamic economics. I found myself developing an interest inRead More →

The era of modern American business is defined by CEOs celebrated for their wild growth, wild personalities, and wild wealth. Why is it important: Leading my second company as CEO, I am increasingly convinced that this model of fame, growth at all costs and growth at all costs will notRead More →

Editor’s Note: Lee Enochs is a graduate student of the Mayborn School of Journalism and a graduate of Princeton Theological Seminary. At the risk of sounding like a gadfly or contradicting popular opinion, there seem to be good reasons why one should reject socialism as a viable economic system andRead More →

City Council approved a pilot program at its May 5 meeting to provide monthly payments of $1,000 to 85 households for an entire year. Once people are accepted into the guaranteed income pilot, they won’t have to “prove” they still need the help, as many government-run financial aid programs normallyRead More →

In an interview ahead of a conference in Budapest of the Conservative Political Action Conference (CPAC), Miklós Szánthó, the head of the Center for Fundamental Rights think tank, called the Hungarian right “the most successful political movement in Western Civilization”. ”. He told public radio that conservatives in the WesternRead More →

Socialist Register 2022New polarizations and old contradictions:The crisis of centrismEdited by Greg Albo and Colin Leys320 pages; 978-1-58367-937-1; $29 paper Reviewed by Seth Sandronsky Socialist Register 2022 provides a thought-provoking analysis of the factors and forces driving multiple polarizations in our world. They include nation and race identities, social classRead More →

Studies have long shown that high school students are woefully misinformed about personal finances and how to manage them. But the COVID-19 pandemic, which has revealed how many American adults are living on the financial edge, has spurred ongoing efforts to make financial literacy classes a school requirement. Seven statesRead More →

Even before the war in Ukraine and the severe Western sanctions imposed on Russia, the global economic and financial system was entering a period of transition, says an economic expert. This was elaborated by Sergey Glazyev, former Russian Minister for Foreign Economic Relations, in his book on the current situationRead More →

If Karl Marx and Friedrich Engels were somehow transported to the present day and given a newspaper, the apparent absence of class conflict would probably make revolutionaries believe they had won. They would see a society divided on all sorts of issues – from identity politics to the right COVID-19Read More →

US President Joe Biden has called the Trump movement “the most extreme political organization” to have existed in recent US history, deepening his criticism of the former president’s hold on the Republican Party at the following revelations about the likely conservative-led Supreme Court decision to eviscerate abortion rights. Biden’s commentsRead More →

Michigan residents without financial resources spend about $3,000 on bank charges each year. Governor Gretchen Whitmer and the Michigan Open Account Coalition (MOAC) announced a low-cost account available to Michigan residents who are unbanked or underbanked. A Federal Reserve Report 2019 found that 22% of American adults are either unbankedRead More →

The strategy adopted by central governments to manage the economic downturn of COVID-19 was simple: bail out the entire capitalist class. Governments in the industrialized world, including that of the United States, have spent billions of dollars providing subsidies to owners, multinational corporations and financiers throughout the pandemic. Although vaccinesRead More →

On January 26, the Consumer Financial Protection Bureau issued a “Request for Information Regarding Fees Charged by Providers of Consumer Financial Products or Services.” In a contemporary statement, CFPB Director Rohit Chopra described the request for information as the start of “a new effort to help American families save billionsRead More →