Economics

New Federal Report Warns of Financial Havoc From Climate Change

Sep
11

WASHINGTON — A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions.

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The Other Way Covid Will Kill: Hunger

Sep
11

...As the global economy absorbs the most punishing reversal of fortunes since the Great Depression, hunger is on the rise. Those confronting potentially life-threatening levels of so-called food insecurity in the developing world are expected to nearly double this year to 265 million, according to the United Nations World Food Program.

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First Famines of Coronavirus Era Are at World’s Doorstep, U.N. Warns

Sep
06

The first famines of the coronavirus era could soon hit four chronically food-deprived conflict areas — Yemen, South Sudan, northeast Nigeria and the Democratic Republic of Congo — the top humanitarian official of the United Nations has warned.

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Trump Administration Will Redirect $62 Million Owed to the W.H.O.

Sep
04

As the United States withdraws from membership in the World Health Organization, the Trump administration will redirect $62 million still owed for this year’s dues to other health-related causes also under United Nations auspices, State Department officials announced on Wednesday.

Most of the redirected money will go to children’s immunization and influenza surveillance, officials said. But the United States Agency for International Development will continue with plans to give $68 million to the W.H.O. to support its work in Libya and Syria, and on polio eradication in Pakistan and Afghanistan.

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