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The Latest Breaking News from Joseph Stiglitz

Rate hikes: a double-edged sword for central banks

Paris (AFP) - Central banks worldwide are using aggressive interest rate hikes to lasso galloping inflation, at the risk of pulling down the global economy with it.

AFP

Stiglitz says oil firms did nothing to deserve windfall profits

Paris (AFP) - Nobel laureate economist Joseph Stiglitz says the world's energy giants should pay a special tax on their massive profits.To him, the companies "didn't do anything to deserve" the windfall.

AFP

International economists ask Biden to release Afghan central bank funds

More than 70 economists and experts, including Nobel Laureate Joseph Stiglitz, called for Washington and other nations to release Afghanistan's central bank assets in a letter sent to U.S. President Joe Biden on Wednesday.

Reuters

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In New Zealand wages are growing. Will Australian workers' pay packets get a bump?

There are hints that wages are going up — helping workers meet the cost of soaring inflation for food, fuel and essentials. But you might have to quit your job to get a raise.

ABC News

Biden, Republicans spar over impact of Dems' economic plan

Democrats call it the “Inflation Reduction Act.”

The Independent UK

After 2008’s financial crisis, life went back to normal. Will it this time?

A few short years after the financial crash, oil, food and flights were affordable again. But this downturn looks much darker

The Guardian - UK

Soaring gas prices help Origin Energy net $1.59bn from Queensland pipeline

Revenue at Australia Pacific LNG doubles in 2021-22, prompting renewed calls for a windfall tax

The Guardian - AU

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Alan Kohler: Small government and free markets – ideology or greed?

A desire to pay less tax is part of the conservative mindset, which will make it more persistent even if Professor Stiglitz is right about government.

The New Daily

Leading figures urge drugs firm to lower price of ‘game-changing’ HIV prevention drug

Signatories including Olly Alexander, Stephen Fry and Joseph Stiglitz issue a letter asking ViiV to make cabotegravir affordable to low- and middle-income countries

The Guardian - UK

Woodside and Santos reap bumper profits as Ukraine war drives energy prices higher

Oil and gas companies’ record sales figures come as Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax

The Guardian - AU

Nobel Prize winner’s pitch deals with power companies profiting as prices soar

A Nobel Prize-winning economist is calling for a tax on the windfall profits power companies have generated while consumers are hit with surging prices.

The New Daily

Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax in Australia

Tax is a ‘no-brainer’ after companies’ huge profits during Covid but corporate influence makes it ‘politically difficult’, Stiglitz says

The Guardian - AU

Nobel laureate Stiglitz calls on Europe to do without Russian gas

Paris (AFP) - Nobel economics prize laureate Joseph Stiglitz said Tuesday that the speed and intensity of economic and financial sanctions against Russia would make them efficient but warned Europe must stop buying Russian oil and gas.

AFP

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