Global trade disruption is a symptom of a deeper malaise | Mohamed El-Erian

Resolving US-China trade war is not enough to ward off what many fear is a looming worldwide recession It is only a matter of time until the escalating tensions between China and the US prompt many more economists to warn of an impending global economic recession coupled with financial instability. On 5 August, Bloomberg News Larry Summers, a former US treasury secretary who was also closely involved in crisis-management efforts in 2008-09, recently The Only Game in Town, all of these recent developments and also, of course, the growing US-China tensions are related in a meaningful way to two basic and persistent features of the global economy since the 2008 financial crisis. The first is the prolonged period in which …

The left is fighting back, even in Republican states, as it attempts to reshape capitalism | Will Hutton

As Trump announces his candidacy, forces are already mustering to confront him Behold the new political yobs. The British and American right, once keen to engage intellectually with the left and firmly anchored in business and the middle class, have now become yobs in their evidence-free, argument-free attitude to trade and foreigners. They are guided by noxious prejudice and the simple rule that their flag and interest must rule whatever. Yobs too in their attitudes to all the decent impulses in society: tolerance; the rule of law (thats for suckers); a welcome to immigrants, fair play; respect for truth, personal integrity. The triumph of the new nativism is the triumph of the yob. Our societies, let alone our politics, have …

Austerity to blame for 130,000 preventable UK deaths report

Two decades of public health improvements have stalled, says IPPR thinktank More than 130,000 deaths in the UK since 2012 could have been prevented if improvements in reducing preventable disease flatline since 2012. At the same time, local authorities have seen significant cuts to their public health budgets, which has severely impacted the capacity of preventative services. Social conditions for many have failed to improve since the economic crisis, creating a perfect storm that encourages harmful health behaviours. This health challenge will only continue to worsen. The IPPR calls for a radical new prevention strategy involving a renewed and increased commitment to the states role in preventing disease. No longer can we place the burden of responsibility exclusively upon the …