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Daily Archives: March 18, 2020

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Universal Basic Income to stem Coronavirus fallout

2020, Economy, Policy, SolutionsBy Chris MachensMarch 18, 2020Leave a comment

Daniel Susskind from Balliol College, Oxford university, and the author of ‘A World Without Work’ writes in the Financial Times, ‘A cash payment made to everyone, with no strings attached, can support workers through the crisis.’ He goes on: The coronavirus crisis is a disaster for many workers. In the UK, for instance, we often…

The Current Global Oil War

2020, Impacts, Oil, VirusesBy Chris MachensMarch 18, 2020Leave a comment

On 8 March 2020, Saudi Arabia initiated a price war with Russia, triggering a major fall in the price of oil, with US oil prices falling by 34%, crude oil falling by 26%, and brent oil falling by 24%. 11th March 2020, Russia to OPEC – deeper oil cuts won’t work – Sorokin said that…

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