By Bernard Condon, Fortune….Poor countries have been hit with foreign currency shortages, high inflation, spikes in unemployment and widespread hunger before, but rarely like in the past year.
Global rice shortage is set to be the biggest in 20 years
There’s a strained supply of rice as a result of the ongoing war in Ukraine, as well as weather woes in rice-producing economies like China and Pakistan.
Yellen warns climate change could trigger asset value losses, harming US economy
Yellen will tell a new advisory board of academics, private sector experts and non-profits there has been a five-fold increase in the annual number of billion-dollar disasters over the past five years, compared to the 1980s, even after taking into account inflation.
How free-market extremism became America’s default mode
The book is a follow-up of sorts to the duo’s “Merchants of Doubt,” which pulled back the curtain on those who minimized the harms of tobacco, acid rain, climate change and much more.
A Bigger Boat | Frankly #26
In this Frankly, Nate shares some context about how he thinks about the recent global banking and financial market news.
The world at a turning point. Will philanthropy rise to the task of the moment? by Briggs Bomba in Alliance Magazine
In a recent statement, the IMF announced that one-third of the world economy is expected to be in recession in 2023, further adding that ‘it would feel like recession for hundreds of millions of people’, even for countries not in recession.
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Global risks report 2023
Some of the risks described in this year’s report are close to a tipping point. This is the moment to act collectively, decisively and with a long-term lens to shape a pathway to a more positive, inclusive and stable world.
Davos worries about a ‘polycrisis’
Global crises are weighing on the World Economic Forum.Credit…Laurent Gillieron/EPA,
How the world bank can help save the planet
Big banks want multilateral development institutions to act like insurers, reducing the risk for private investors to finance climate-friendly projects
World economic forum warns of looming ‘polycrisis’
Covid-19 and the war in Ukraine have ushered in skyrocketing inflation and a low-growth, low-investment era, but a focus on the present could obscure the risks of longer-term threats.
Hurricanes and floods bring $120bn in insurance losses in 2022
Hurricane Ian in Florida caused a big chunk of the financial losses while floods in Pakistan, Nigeria and South Africa killed the most people
I predicted the 2008 crash – these are the global ‘megathreats’ I can see now
Life as we know it is under threat, as short-term-thinking politicians ignore the signs that point to a dystopian future
The world’s in a ‘polycrisis’ — and these countries want to quash it by looking beyond GDP
A coalition, led predominantly by women, aims to transform economies around the world to deliver shared well-being for people and the planet by 2040.
Can banks stop climate change?
Michael Northrop writes on economics and the environment–critical pieces of polycrisis work.
Wealth as territory of transition
In the US alone, about $35 trillion to $70 trillion in wealth will transfer from one generation to another in the next twenty years. Most of this wealth will move between family members in the wealthiest 0.1%. Pundits, economists, financial advisors and others are calling this the “largest generation wealth transfer in history.”
A new effort aims to catalyze big picture thinking by philanthropy about global stressors
These are some of the top stressors on the planet and the human race—and while each is well-recognized, what’s nowhere near as well understood is the manner in which they’re connected and interdependent.
The case for philanthropy to step up with an intersectional approach
Currently, as India is emerging from the pandemic, we are at a critical inflection point, where philanthropy has an opportunity to become strategic by applying the approach of intersectionality.
The age of energy disruptions
In this Omega Collaborative webinar, Joan Diamond & Nate Hagens speak with François-Xavier Chevallerau about his newly released paper, The Age of Energy Disruptions.
Two questions philanthropy must ask in this urgent moment
This is a moment to dig deeper, and look at what it takes to address the problems that sneak up on you so slowly that you don’t see them until it is too late.
Reimagining philanthropy in the age of the virus: Reflections for the Omega Advisory Board
By Omega advisors Katherine Fulton & Mark Valentine This essay was completed on April 20, 2020, to coincide with the first meeting of the advisory board of Omega: The Resilience Funders Network. While Omega’s efforts had been underway for some time, the context...
Surviving the Future: Culture, Carnival and Capital in the Aftermath of the Market Economy
By David Fleming Surviving the Future is a story drawn from the fertile ground of the late David Fleming’s extraordinary Lean Logic: A Dictionary for the Future and How to Survive It. That hardback consists of four hundred and four interlinked dictionary entries,...