Study Warns of Extreme Ocean Acidification: Could Trigger Mass Extinction

Study Warns of Extreme Ocean Acidification: Could Trigger Mass Extinction

The continuous accumulation of carbon dioxide in the planet’s oceans—which shows no sign of stopping due to humanity’s relentless consumption of fossil fuels—is likely to trigger a chemical reaction in Earth’s carbon cycle similar to those which happened just before previous mass extinction events, according to a new study. MIT geophysics professor Daniel Rothman released…

Some Disquieting Trends in the Budget
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Some Disquieting Trends in the Budget

It is clear by now that the figures provided in the 2019–20 budget are palpably unfounded. The budget has concealed the actual receipts and expenditures for 2018–19 even though these were available, because they show huge shortfalls compared to the budget estimates for that year. And all its estimates for 2019–20 are projections based on…

Economic Survey 2018 -19: Prescriptions do not follow the Analysis
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Economic Survey 2018 -19: Prescriptions do not follow the Analysis

An Economic Survey is a document that surveys the economy in the financial year just past. So, it lists the issues confronting the economy and gives prescriptions for how to tackle these problems. Usually the solutions to the problems are presented in the Budget since resolution of problems requires allocation of resources which can only…

Defiant Resistance in Venezuela and the Possibility of Another World

Defiant Resistance in Venezuela and the Possibility of Another World

Bob Dylan once said, “Let us not talk falsely now, the hour is getting late.” February 23rd, 2019, was the day that Juan Guaidó, the self-proclaimed President of Venezuela, had “authorised” “humanitarian aid” to enter Venezuela, an attempt to force the Maduro government, and thus the Venezuelan people, to their knees. With this began an…

The Debate Over Inequality
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The Debate Over Inequality

The debate over inequality has become hotter world-wide. While Trump had introduced substantial tax cuts for the rich in 2017, and Britain’s Boris Johnson, the front-runner to succeed Teresa May, has promised to do the same if he becomes Prime Minister, there are strong proposals for taxing the rich which have also been mooted. Bernie…

The Budget Numbers the FM Does Not Want You to See
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The Budget Numbers the FM Does Not Want You to See

Jayati Ghosh When finance minister Nirmala Sitharaman’s Budget speech omitted numbers relating to the government’s overall revenue and expenditure, for both the previous and current years, this was widely commented on. After all, these numbers are the reason for having a Budget speech in the first place—to provide parliament and the general public a quick…

Rahul Gandhi Warns of Institutional Take Over of India
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Rahul Gandhi Warns of Institutional Take Over of India

Rahul Gandhi Warns of Institutional Take Over of India Countercurrents Collective Taking responsibility for the Congress party’s poor performance in the 2019 Lok Sabha elections, Rahul Gandhi, on, 3 July, 2019, resigned from the post of the Congress President. He posted a four-page letter on Twitter, officially announcing his resignation as the Congress President. In…