Skip to main content

Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

Why are the billionaires laughing?

It’s easy to laugh when the corporate press treats you as a glorious success instead of the epitome of a broken social order. Billionaires laugh because they know the corporate media prefers to fawn over them rather than hold them to account.

Today, we ask you to support our nonprofit, independent journalism because we are not impressed by billionaires flying into space, their corporations despoiling our health and planet, or their vast fortunes safely concealed in tax havens across the globe. We are not laughing.

We are hard at work producing journalism for the common good. With our Fall Campaign underway, please support this mission today. We cannot do it without you.

Support Our Work -- Join the small group of generous readers who donate, keeping Common Dreams free for millions of people each year. Every donation—large or small—helps us bring you the news that matters.

For Immediate Release

Contact

Greg Williams, Communications Director greg@jubileeusa.org / (o) (202) 783-3566 x101 (m) (443) 854-1405  or in Lima reach Campaigns Director Andrew Hanauer directly: andrew@jubileeusa.org / (m) (510) 495-5472

Press Release

IMF Says Improved Global Stability, But Greater Risks to Emerging Economies

WASHINGTON -

The International Monetary Fund (IMF) warns risks are "rotating" to emerging economies in its Global Financial Stability report. The report notes improved overall stability but lists three key challenges facing global policy makers. The IMF releases the stability report twice a year before its Spring and Annual Meetings following its World Economic Outlook report which the fund released yesterday. In that report the IMF reduced growth projections and warned of rising debt levels. The IMF/World Bank Meetings begin in Lima, Peru at the end of this week.

"The poorest countries have the most to lose from global instability," noted Eric LeCompte, finance expert and executive director of the religious development coalition Jubilee USA Network. "While some economies are improving, we still are seeing uneven growth."

At a press conference announcing the report's findings in Lima this morning, IMF Financial Counselor and Director of the Monetary and Capital Markets Department José Viňals noted overall global stability improved over the past year. He listed a "trinity of challenges" facing global financial stability: emerging market vulnerabilities, strained global financial markets and non-performing loans in Europe.

Read a summary of the IMF's Global Financial Stability Report.

Read more about the IMF's World Economic Outlook report.

###

Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.

'When We Organize, We Win': Ocasio-Cortez Joins India Walton at Rally in Buffalo

The two progressives joined striking hospital workers on the picket line at Mercy Hospital after the early voting rally.

Julia Conley ·


Fatal Film Set Shooting Followed Outcry by Union Crew Members Over Safety Protocols

"When union members walk off a set about safety concerns, maybe 'hiring scabs' isn’t the solution you think it is."

Julia Conley ·


New Whistleblower Sparks Calls to 'Crack Down on Facebook and All Big Tech Companies'

Hours after another ex-employee filed a formal complaint, reporting broke on internal documents that show the tech giant's failure to address concerns about content related to the 2020 U.S. election.

Jessica Corbett ·


'Catastrophic and Irreparable Harm' to Wolves Averted as Wisconsin Judge Cancels Hunt

"We are heartened by this rare instance of reason and democracy prevailing in state wolf policy," said one conservation expert.

Brett Wilkins ·


West Virginia Constituents Decry 'Immorality' of Joe Manchin

"West Virginia has been locked into an economy that forces workers into low-wage jobs with no hope for advancement, and after decades of this our hope is dwindling," said one West Virginian. "The cuts that Sen. Manchin has negotiated into the agenda hurt our state."

Julia Conley ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.


Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo