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Economics

Armed protesters provide security as demonstrators take part in an "American Patriot Rally," on the steps of the Michigan State Capitol in Lansing, on April 30, 2020

For many cautious African Americans, the move to reopen America is not a ‘black friendly’ campaign

By COVID-19 (Coronavirus), News & Current Affairs

“Nothing about this movement is really black friendly.” By Nick Charles, NBC News — As protests erupt over stay-at-home orders and the clamor to reopen the economy becomes louder, the coalition of people storming state Capitols — some armed with semi-automatic weapons and most not wearing masks or observing social distancing guidelines — have had one thing in common: Almost all of them are white. African Americans, for the most…

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A fruit vendor waiting for customers during lockdown in Prayagraj, India. About 2 billion people worldwide work in the informal economy

Half of world’s workers ‘at immediate risk of losing livelihood due to coronavirus’

By COVID-19 (Coronavirus), News & Current Affairs

By Phillip Inman, The Guardian — Almost half the global workforce – 1.6 billion people – are in “immediate danger of having their livelihoods destroyed” by the economic impact of Covid-19, the International Labour Organization has warned. Of the total global working population of 3.3 billion, about 2 billion work in the “informal economy”, often on short-term contracts or self-employment, and suffered a 60% collapse in their wages in the…

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