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November 2020

COVID-19 in Latin America: a humanitarian crisis

Latin America has some of the highest COVID-19 death rates in the world. Why? For outsiders, much of the discussion of COVID-19 in Latin America has focused on Brazil and the errors of President Jair Bolsonaro. But the region as a whole is facing a humanitarian crisis borne out of political instability, corruption, social unrest, fragile health systems, and perhaps most importantly, longstanding and pervasive inequality—in income, health care, and education—which has been woven into the social and...

October 2020

UK. Covid-19 has exposed the catastrophic impact of privatising vital services

The Covid-19 pandemic has exposed the catastrophic fallout of decades of global privatisation and market competition. When the pandemic hit, we saw hospitals being overwhelmed, caregivers forced to work with virtually no protective equipment, nursing homes turned into morgues, long queues to access tests, and schools struggling to connect with children confined to their homes. People were being urged to stay at home when many had no decent roof over their heads, no access to water and sanitation, and...

E.U. Strengthening minimum income protection in the COVID-19 pandemic and beyond: Council adopts conclusions

The Council adopted conclusions on strengthening minimum income protection in the EU with the aim to combat poverty and social exclusion during and after the COVID-19 pandemic. Read also Portuguese schemes now required to report ESG investment The Council recognises that minimum income schemes contribute to the social protection of the most disadvantaged groups in society, including people hardest-hit by the COVID-19 crisis. They also have a stabilising effect for the economy as a whole. The Council also acknowledges that...

Canada. Commission on Aging to hear about COVID-19 impact on elderly at Oct. 21 meeting

The meeting, which takes place Wednesday, Oct. 21 at 4:30 p.m., will feature community resource organizations that assist and/or provide older adults with their everyday needs, such as food, supplies and medications The commission wants to hear how COVID-19 has impacted the older adults they serve and how they have modified their services during the pandemic. The presenters include: Mikayla Springob, Area Agency on Aging and Disabilities of SW Washington Emily Kaleel, Clark County Food Bank Jeananne Edwards, Human...

Latin America’s new poor

When the pandemic struck Piura, a city in northern Peru, Daniel Zapata had a part-time job with a market-research firm. The 250 soles ($70) he earned each month paid his fees for a three-year course in business administration. The covid-19 recession put paid to all that. The firm closed, and Mr Zapata, who is 20 and lives with his parents and a sister, has dropped out of his course. The family received 760 soles in emergency aid from Peru’s...

September 2020

Australia. New report warns JobSeeker is a ’pre-age pension’

JobSeeker payments are becoming the new “pre-age pension” as the number of older Australians signing up for the dole grows, a new report warns. Parliamentary Budget Office analysis reveals the typical welfare recipient is now an older person rather than a younger man. The reports also shows an increasing share of older Australians and women are relying on the payment for longer periods of time. “JobSeeker appears to be functioning as a kind of pre-age pension payment for some...

US. Indiana increased public pension assets despite pandemic

Indiana’s public pension funds for state and local government employees, including teachers, has apparently weathered the financial markets’ volatility during the coronavirus pandemic, new data from the state show. The General Assembly’s Pension Management Oversight Committee heard Wednesday that the Indiana Public Retirement System increased its pension assets by 2.56% to $30.6 billion during the 2020 budget year, which ran from July 1, 2019, to June 30, 2020. Read More @SFChronicle

The Covid-19 wake-up call to buttress social investment

The temptation to cut welfare expenditures to reduce deficits inflated by the pandemic must be resisted. Barely having had time to absorb the economic and social aftershocks of the Great Recession, the world is confronted with an even more disruptive exogenous shock—the coronavirus pandemic, costing above all human lives but also causing massive dislocation. As employment opportunities for Millennials are undermined, low-wage stagnation for essential workers is reinforced and work-life balance stresses for women are intensified, the resilience of the European...

US. Pension fund, MIT launch social investing project

The Massachusetts state pension fund is teaming up with the MIT Sloan Sustainability Initiative to try to improve the data available to investors who want to make decisions based on things like the way a company treats its workers, its carbon emissions or its product safety record. As socially responsible investing expands rapidly across the globe, the Aggregate Confusion Project with the Pension Reserves Investment Management Board aims to cut through the noise around Environmental, Social, and Governance (ESG)...

Using behavioral insights to make the most of emergency social protection cash transfers

In response to the COVID-19 pandemic, countries across the globe have been adapting social assistance policies to support their populations. In fact, since March 2020, 139 countries and territories have planned, implemented, or adapted cash transfers to support their citizens. Cash transfers specifically make up about half of the social protection programs implemented to address the pandemic. Now more than ever, it’s crucial that such programs are designed to maximize impacts. Behavioral insights can be mobilized as a cost-effective...