poverty – Page 10 – Desdemona Despair

Thousands of Sri Lankans demonstrate against President Gotabaya Rajapaksa in Colombo, Sri Lanka, on 9 April 2022. Protesters demanded Rajapaksa’s resignation, saying neither he nor members of his family could be trusted to steer the country out of its deepening economic crisis. At the Galle Face Green on Colombo’s waterfront on Saturday, students, teachers, lawyers, actors and architects – many of whom said they were protesting for the first time – chanted “madman Gota” and “Go home Gota”, in a reference to the president’s nickname, as they gathered under a blistering sun. Photo: Al Jazeera

April 13, 2022

Drugs running out, surgeries cancelled as Sri Lanka’s health system buckles – “This will result in a catastrophic number of deaths”

By Devjyot Ghoshal and Uditha Jayasinghe 12 April 2022 COLOMBO, Sri Lanka (Reuters) – Rosanne White was first diagnosed with cancer eight years ago and lost a kidney. After the cancer returned five years ago, an oncologist in Sri Lanka’s commercial capital Colombo started her on Bevacizumab last May, a treatment she was responding to. […]

Afghan children play in the mud at an unofficial camp for internally displaced people in Herat, Afghanistan, May 2021. Photo: Charlie Faulkner

April 4, 2022

Devastated by worst drought in decades and economic turmoil, many in Afghanistan near starvation – “It is the speed, scale and source of the crisis that is so extreme”

By Holly Rosenkrantz 3 April 2022 (USA TODAY) – Afghanistan has faced grave hunger crises before. Two decades ago, people in the country were so hungry they resorted to eating wild grass. But the situation in the country now is unprecedented. Exacerbated by an unusually cold winter and the worst drought in decades, the economic […]

A woman uses a candle inside her house during a power cut in Colombo, Sri Lanka, on 30 March 2022. Many parts of the crisis-hit country faced up to 13 hours without electricity due to a shortage of foreign currency to import fuel. Photo: AFP

April 3, 2022

Power cuts in Sri Lanka could continue into May 2022 – Nation experiencing worst economic spiral since independence in 1948

COLOMBO, 31 March 2022 (The Straits Times) – Sri Lanka’s power minister said on Thursday (31 March 2022) that power cuts could continue into May, as many parts of the crisis-hit country currently face up to 13 hours without electricity due to a shortage of foreign currency to import fuel. Pavithra Wanniarachchi said that a […]

Futures prices of West Texas intermediate crude oil and lithium, May 2021-March 2022. Graphic: Bloomberg

March 29, 2022

A world that’s more expensive is starting to destroy demand – “A renewed spike in gas prices would see demand destruction become more widespread”

By David R Baker, Allison Smith, and Sheela Tobben 27 March 2022 (Bloomberg) – Prices for some of the world’s most pivotal products – foods, fuels, plastics, metals – are spiking beyond what many buyers can afford. That’s forcing consumers to cut back and, if the trend grows, may tip economies already buffeted by pandemic […]

Regional Trends of Negative Affect and Stress, 2006-2021. Negative affect as a whole was highest and rising in MENA and South Asia, with the increase greatest in South Asia. All regions have more negative affect now than ten years ago, except for Eastern Europe. Graphic: SDSN World Happiness Report

March 20, 2022

Amid war and disease, World Happiness Report 2022 shows bright spot, but anger grows in South Asia

18 March 2022 (McGill University) – In this troubled time of war and pandemic, the World Happiness Report 2022 shows a bright light in dark times. According to the team of international researchers, including McGill University Professor Christopher Barrington-Leigh, the pandemic brought not only pain and suffering but also an increase in social support and benevolence. As the […]

Fisherman Walter de la Cruz sits on the shore of the oil-stained Cavero Beach, unable to fish after a spill in the Ventanilla district of Callao, Peru, 21 January 2022. De la Cruz, 60, is one of more than 2,500 fishermen whose livelihoods have been cast into doubt as a result of a large crude-oil spill by the Spanish-owned Repsol oil refinery on 15 January 2022. Photo: Martin Mejia / AP Photo

March 14, 2022

Peru’s “worst ecological disaster” slams small-scale fishing – “I saw the fruits of my livelihood destroyed. It’s like if you have a store and someone comes and sets it on fire.”

By Franklin Briceño 13 March 2022 CIUDAD PACHACUTEC, Perú (AP) – Walter de la Cruz scrambled down a large sand dune in the fog to reach a rock overlooking the Pacific Ocean, where he has fished for three decades. He cast a hook into the waters off Peru’s coast several times, with no luck. One […]

A woman weeps in front of a residential building that was damaged during the Russian invasion of Ukraine in the separatist-controlled town of Volnovakha in the Donetsk region, Ukraine, 11 March 2022. Alexander Ermochenko / REUTERS

March 12, 2022

Russia invasion in “world’s breadbasket” threatens global food supply – Number of undernourished people could increase by 8 to 13 million in 2022-2023 – “Wars mean shortages, and shortages mean price hikes”

By Frances D’Emilio 11 March 2022 ROME (AP) – Poorer countries in northern Africa, Asia, and the Middle East that depend heavily on wheat imports risk suffering significant food insecurity because of Russia’s war in Ukraine, and the conflict is poised to drive up already soaring food prices in much of the world, the U.N. food agency […]

A man stands on the roof of a house in Colonia El Carmen as a red glare emanates from flares dotted around the Cactus gas processing center, run by state oil company Pemex, in Reforma municipality in Chiapas, Mexico. Photo: Edgard Garrido / REUTERS

February 23, 2022

Gas flaring soars in Mexico, derailing its climate change pledges as it seeks to boost oil output – “It’s like hell”

By Stefanie Eschenbacher 23 February 2022 (Reuters) – It never gets completely dark in Colonia El Carmen, home to Mexico’s largest natural gas processing center, in the poor southern state of Chiapas. After sunset, a red glare emanates from flares dotted around the Cactus gas processing center, run by state oil company Petroleos Mexicanos (Pemex). […]

Generational wealth gap in the United States, 1989-2020. In 1998, the American population under 40 years old held 13.1 percent of America’s total wealth. In 2020, those under 40 hold only 6 percent of the total wealth. This means that millennials and Generation X own less than half of the wealth that older generations owned when they were the same age. Graphic: Self Financial, Inc.

February 19, 2022

Graph of the Day: Generational wealth gap in the United States, 1989-2020

20 December 2021 (Self Financial) – In 2021, the average net worth in an American household aged 64-75 reached over $1.2m [1], while the average household under 35 had a net worth of just $76k. With these massive generational wealth gaps, Self decided to dig deeper into the historical wealth distribution of different generations to understand […]

Estimated economic impacts of unmitigated climate change on seven geographical regions in the United States. Over the next 50 years, climate change-induced economic losses in the U.S. could total approximately $14.5 trillion in present-value terms. Graphic: Deloitte

February 7, 2022

Climate change-induced losses in the U.S. could total $14.5 trillion by 2070 – “In a climate-damaged world of 2070, the U.S. could lose nearly 4 percent of GDP in that year alone”

By Rachel Koning Beals 26 January 2022 (MarketWatch) – Definitive and deliberate climate action from Wall Street to Washington and beyond could deliver a $3 trillion gain to the U.S. economy over the next 50 years to 2070. But it’s the toll of inaction that would cost the nation nearly five times that amount, a […]