Asia – Page 27 – Desdemona Despair

Distribution of major tax cuts for the rich across OECD nations, 1965-2015. This figure visualizes the resulting binary variable that picks out years in which taxes on the rich were reduced substantially. In total, we identify 30 country-year observations where taxes on the rich were significantly reduced. Governments enacted major tax reforms in all countries in our sample and across the whole observation period. Many countries implemented major tax cuts for the rich in the late 1980s. Furthermore, the identification of tax cuts is also in line with previous studies that have focused on income tax progressivity (Rubolino and Waldenström, 2020) or on overall tax progressivity single specific countries (Saez and Zucman, 2019). For instance, echoing these authors’ findings, we find two major reforms that reduced taxes on the rich in the US: 1982 (First Reagan Tax Cut) and 1986/1987 (Second Reagan Tax Cut). Graphic: Hope and Limberg, 2020 / LSE

December 25, 2020

Tax breaks for the rich don’t boost the economy – “Our research shows that the economic case for keeping taxes on the rich low is weak”

16 December 2020 (LSE) – Major reforms reducing taxes on the rich lead to higher income inequality but do not have any significant effect on economic growth or unemployment, according to new research by LSE and King’s College London. Researchers say governments seeking to restore public finances following the COVID-19 crisis should therefore not be […]

Shifting composition of annual debt-service obligations that low-income countries owe to their bilateral creditors from 2020 through 2022. This animation shows the shifting composition of annual debt-service obligations that low-income countries owe to their bilateral creditors-from 2020 through 2022. It reflects projected debt service payments on external debt to official bilateral creditors (TDS, current US$, millions). Debt service to official bilateral creditors will impose a heavy burden for years to come. Graphic: World Bank Group

December 24, 2020

2020 Year in Review: The global economic impact of COVID-19 in 12 charts

By Paul Blake and Divyanshi Wadhwa 14 December 2020 (World Bank Group) – This time last year, concepts such as “lockdowns,” “mask mandates” and “social distancing” were unknown to most of us. Today they are part of our everyday language as the COVID-19 pandemic continues to impact all aspects of our lives. Through the following […]

Map showing highest-impact disasters in 2020, during the Covid-19 pandemic (over 250,000 people affected). The map shows only a snapshot of disasters that took place from the beginning of the month when the epidemic was declared (March 2020) for a six-month period. More than 100 disasters occurred during this period and affected over 50 million people. There were also a number of ongoing crises, including measles in DRC and droughts in parts of east and southern Africa. Graphic: IFRC

December 24, 2020

Red Cross faced record number of climate-related disasters in 2020 – “This year has tested the resilience of tens of millions of people to breaking point”

KUALA LUMPUR, 16 December 2020 (IFRC) – In a record-breaking year, the International Federation of Red Cross and Red Crescent Societies (IFRC) has responded to more climate-related disasters across Asia Pacific than any other time this century so far. The IFRC has already responded to 25 climate-related disasters in the Asia Pacific, including floods, typhoons, […]

The global COVID-19 lockdowns caused fossil carbon dioxide emissions to decline by an estimated 2.4 billion tonnes in 2020 - a record drop according to researchers at the University of East Anglia, University of Exeter and the Global Carbon Project. It means that in 2020 fossil CO2 emissions are predicted to be approximately 34 GtCO2, seven per cent lower than in 2019. Emissions from transport account for the largest share of the global decrease. Those from surface transport, such as car journeys, fell by approximately half at the peak of the COVID lockdowns. Total CO2 emissions from human activities - from fossil CO2 and land-use change - are set to be around 39 GtCO2 in 2020. Video: UEA

December 12, 2020

COVID lockdown causes record drop in carbon dioxide emissions for 2020

11 December 2020 (UEA) – The global COVID-19 lockdowns caused fossil carbon dioxide emissions to decline by an estimated 2.4 billion tonnes in 2020 – a record drop according to researchers at the University of East Anglia (UEA), University of Exeter, and the Global Carbon Project. The fall is considerably larger than previous significant decreases […]

Income inequality in the United States, 1913-2019. The U.S. shows a rise in the concentration of incomes unseen in other rich nations. The top 10% increase from 34% to 45% between 1980 and 2019. Half of the American population was shut from pretax economic growth. Graphic: World Inequality Database

December 11, 2020

Global inequality data update shows rise in concentration of U.S. incomes unseen in other rich nations – Latin America and the Middle East stand as the world’s most unequal regions

10 November 2020 (WIL) – The World Inequality Lab releases today a major update of global inequality data for 173 countries, making up 97% of the world population and 7.5 billion people. The data published distributes economic growth within each country making it possible to track inequality and poverty over time, countries and regions. These […]

August 2020 blended land and sea surface temperature percentiles. Graphic: NOAA / NCEI

September 16, 2020

August 2020 was the world’s second-warmest August on record – The year 2020 has more than a 99.9 percent chance to rank among the five warmest years on record

By Jeff Masters, Ph.D. 15 September 2020 (Yale Climate Connections) – August 2020 was the second-warmest August since global record keeping began in 1880, NOAA’s National Centers for Environmental Information, or NCEI, reported September 14. The month was just 0.04 degrees Celsius behind the record set in August 2016. NASA rated the month as the third-warmest August on […]

An Ecuadorian navy officer looks at a radar after a fishing fleet of mostly Chinese-flagged ships was detected in an international corridor that borders the Galapagos Islands' exclusive economic zone, in the Pacific Ocean, on 7 August 2020. Photo: Santiago Arcos / Reuters

August 9, 2020

Ecuador navy surveils huge Chinese fishing fleet near Galapagos Marine Reserve

By Santiago Arcos 9 August 2020 ABOARD ECUADOREAN NAVY AIRCRAFT (Reuters) – Ecuador’s navy is conducting surveillance of a massive Chinese fishing fleet that is operating near the protected waters of the Galapagos Islands, amid concerns about the environmental impact of fishing in the area of the ecologically sensitive islands. The navy conducted a patrol […]

Number of global undernourished, 2010-2020 and projected to 2030 under three Covid scenarios. Graphic: UNFAO

August 2, 2020

UN report sends “sobering message” of deeply entrenched hunger globally – Number of undernourished people in the world continued to increase in 2019

13 July 2020 (UN News) – In much of the world, “hunger remains deeply entrenched and is rising”, the UN chief said on Monday, launching this year’s major UN food security update, highlighting that over the past five years, tens of millions of people have joined the ranks of the chronically undernourished. As countries “continue […]

A Brazilian Indigenous leader of the Guajajara tribe attends a meeting calling on EU lawmakers to exert pressure on the Brazilian government to protect the rights of indigenous communities, 12 November 2019. Photo: Thomas Samson / AFP

August 1, 2020

Highest number of land and environmental activists murdered in one year – In 2019, 212 people were killed for peacefully defending their homes and standing up to the destruction of nature

29 July 2020 (Global Witness) – Global Witness today revealed the highest number of land and environmental defenders murdered on record in a single year, with 212 people killed in 2019 for peacefully defending their homes and standing up to the destruction of nature. The NGO’s annual report also shed a light on the urgent role […]

Map showing the most commonly used opioid, 2018 or latest available data. Data: UNODC, responses to the annual report questionnaire. Graphic: UNODC

June 26, 2020

UN World Drug Report 2020: Global drug use increased 30 percent from 2009 – COVID-19 has far reaching impact on global drug markets

VIENNA, 25 June 2020 (UNODC) – Around 269 million people used drugs worldwide in 2018, which is 30 per cent more than in 2009, while over 35 million people suffer from drug use disorders, according to the latest World Drug Report, released today by the United Nations Office on Drugs and Crime (UNODC). The Report […]