World Bank COVID-19 Business Pulse Survey Dashboard, March 2022. Data cover 24 middle-and low-income countries. As of January 2021, 40 percent of surveyed businesses expected to be in arrears within six months, including more than 70% of firms in Nepal and the Philippines and over 60 percent of firms in Turkey and South Africa. Graphic: World Bank

The next global debt crisis is hiding in plain sight – With emergency debt moratoriums ending, vulnerable households and businesses confront loan repayments they can no longer afford

By Carmen Reinhart and Leora Klapper 2 May 2022 WASHINGTON (Project Syndicate) – When Russian tanks rolled into Ukraine, private-debt crises were probably already brewing—albeit hidden from view—in many parts of the world, as a result of the economic disruptions caused by the COVID-19 pandemic. Now, the war is pushing even more countries toward similar […]

California snow water content for 4 April 2022, percent of April 1 average. Graphic: California Department of Water Resources

California snowpack in “grim” condition, water resources say – “We’ve had the driest start to the year on record”

By Phil Mayer 29 April 2022 (KRON) – While there were some April showers in California this year, California Natural Resources Secretary Wade Crowfoot said Friday that what’s left of the Northern Sierra snowpack is “grim.” “The Department of Water Resources’ Snow Surveys and Water Supply Forecasting Unit conducted the final snow survey of the […]

Press freedom situation in 180 countries and territories, 2013-2022. Graphic: Reporters Sans Frontières

RSF’s 2022 World Press Freedom Index: a new era of polarisation – Journalism situation classified “very bad” in record number of 28 countries

2 May 2022 (RSF) – The 20th World Press Freedom Index published by Reporters Without Borders (RSF) reveals a two-fold increase in polarisation amplified by information chaos – that is, media polarisation fuelling divisions within countries, as well as polarisation between countries at the international level. Читать на русском / Read in Russian The 2022 […]

Evolution of democracy by category, 2008-2021. The EIU Democracy Index score ranges from 0 to 10, with 10 being best. this chart shows what has happened to the average global score across the five categories of the index between 2008 — before the global financial crisis — and 2021. The categories that have recorded the biggest deterioration in global terms are civil liberties (-1.00 on a 0-10 scale) and electoral process and pluralism (-0.47). Suggesting a possible correlation, functioning of government and political culture both recorded a very similar decline in their average global scores (-0.38 and -0.37 respectively). Graphic: EIU

EIU Democracy Index reached all-time low in 2021 – Fewer than half (45.7 percent) of the world’s people now live in a democracy of some sort – “Another bad year for democracy”

By Chauncey Devega 2 May 2022 (Salon) – Global democracy is sick. In the United States, Donald Trump’s supporters in the Republican Party continue to steamroll the Democrats and other pro-democracy forces. To say that the latter have for the most part been hapless, uncoordinated and paralyzed by denial is not overstating the case.  Political scientists and […]

2m surface temperature over Asia on 30 April 2022. Pakistan temperatures soared up to a scorching 49C (120.2F), one of the hottest temperatures ever recorded on Earth in April. Graphic: Climate Reanalyzer

Pakistan and India suffer extreme spring heatwaves – “We are living in hell”

By Hannah Ellis-Petersen and Shah Meer Baloch 2 May 2022 DELHI and ISLAMABAD (The Guardian) – For the past few weeks, Nazeer Ahmed has been living in one of the hottest places on Earth. As a brutal heatwave has swept across India and Pakistan, his home in Turbat, in Pakistan’s Balochistan region, has been suffering […]

Total COVID-19 cases and deaths in the United States, 30 April 2022. Data: COVID-19 Dashboard by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (JHU). Graphic: Johns Hopkins University

We weren’t supposed to get anywhere near 1 million COVID deaths in the U.S. Then we did.

By Nicholas Goldberg 18 April 2022 (Los Angeles Times) – At the start of the pandemic, in late March 2020, President Trump held a White House briefing at which his top advisors presented their official COVID-19 death projections. In somber tones, they forecasted that between 100,000 and 240,000 Americans would die from the disease if we followed […]

U.S. soybean oil futures, U.N. FAO edible oils index, and Malaysia palm oil futures, 2002-2022. Global edible oil prices have soared to all-time highs in 2022 on supply shocks. Graphic: Refinitiv / Reuters

Indonesia bans palm oil exports as global food inflation spikes – “Sky would be the limit for edible oil prices now”

By Fransiska Nangoy 22 April 2022 JAKARTA (Reuters) – Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely […]

Percent change of total consumer credit, seasonally adjusted at an annual rate, March 2002-February 2022. Debt levels jumped by nearly $42 billion to a total of almost $4.5 trillion, an annual increase of 11.3 percent, seasonally adjusted, which set a new high and far outperformed economists’ expectations. In January 2022, total credit had grown only 2.4 percent. Graphic: U.S. Federal Reserve Board

U.S. consumer debt jumped by $40 billion in February 2022, an annual increase of 11.3 percent and a new high

By Anneken Tappe 7 April 2022 NEW YORK (CNN Business) – Americans got into a lot more debt in February as rampant inflation kept up the pressure, the Federal Reserve’s consumer credit report showed Thursday. Debt levels jumped by nearly $42 billion to a total of almost $4.5 trillion. That’s an annual increase of 11.3%, seasonally adjusted, far outperforming […]

Population of Japan and annual population growth rate, 1950-2020. Graphic: Worldometer

Japan population plummeted by 640,000 in 2021 for biggest drop on record – People aged 14 or younger accounted for a record-low 11.8 percent

15 April 2022 (The Japan Times) – Japan’s population totaled 125,502,000 as of Oct. 1, down 644,000 from a year earlier to mark the biggest decline on record in the rapidly graying nation, government data showed Friday. The population dipped for the 11th consecutive year, the Ministry of Internal Affairs and Communications said. According to […]

Concurrent shocks affecting the food security of households in the Horn of Africa in 2022. Graphic: FAO

New data show how drought in the Horn of Africa is driving up acute hunger – “The scale of the devastation in terms of hunger and lost livelihoods will be appalling”

ROME, 12 April 2022 (FAO) – The Food and Agriculture Organization of the United Nations (FAO) today warned that dire new hunger data out of Somalia sheds additional light on extended drought’s crippling impacts on the Horn of Africa region and underscores the criticality of large-scale agricultural aid to keep rural families self-reliant, fed, and […]

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