Jayati Ghosh

Maithili Sonwane hanged herself from a tree at their farm in Latur. She was 18. And aspired to be a doctor. Her father said she died by suicide due to mental stress caused after the cancellation of NEET. Just think of what we're doing to the future generations. Many of these kids, like Maithili, come from financially humble families. They study day in day out for incredibly competitive exams. Even after they get through, employment remains a far cry. According to the recently published Azim Premji report, Graduate unemployment is nearly 40% among youth up to 25-year-olds and 20% among the 25- to 29-year-olds Only a small share secure stable salaried jobs within a year of graduation. This is an incredibly screwed up economic model that only creates cheap labor or gig work that ultimately benefits a few privileged people.

Israel’s defense minister can openly talk about plans to ethnically cleanse Gaza without generating a single headline in Western media. Does anyone want to report this?

The global tax system is rooted in colonial extraction, fueling inequality worldwide. The OECD-led rules have long enabled profit-shifting by corporations, tax evasion by the ultra-wealthy and illicit financial flows.

The webinar is a kick-off space for the #IAFFE community to explore: 🔹 How feminist economics can reshape global tax rules 🔹 Pressure points in current negotiations 🔹 Making the #UNTaxConvention a tool for redistribution, repair and transformative change

Eid in Lebabon as Israel launches devastating airstrikes. Israel has also ordered the forced displacement of Tyre one of the largest cities in Southern Lebanon.

It has been 24 hours since I flagged this. No action by @ECISVEEP yet. Shocking lack of accountability. We essentially don't have booth-wise data of a close contest in West Bengal.

Tony Blair is the living embodiment of what happens when political office becomes a down payment on future plunder. Ejected in 2007 by his own MPs as a massive liability, he bequeathed Britain a wild casino economy primed for the 2008 crash. And when the British economy crashed and burned, Mr Blair kept quiet while honing his skills at securing power by other means. His first job, after his ejection from 10 Downing Street, was as the West’s Middle East envoy, with a supposed emphasis on Gaza. It took six painful years for Mr Blair’s tenure to prove a failure so profound it amounted to active complicity in Israel’s ethnic cleansing, in Palestinian erasure, and in paving the ground for the ongoing genocide. Soon after, the Chilcot Inquiry demolished Blair’s Iraq lies, exposing him as a liar, a chancer and a war criminal responsible for countless corpses of Iraqis, but also of British soldiers. Then came Blair’s real innovation: the financialisation of the ex-premiership itself. The Tony Blair Institute, fuelled by £130 million from Oracle's Larry Ellison—coincidentally, the largest individual donor to the Friends of the IDF—became a shadow state, brokering governance contracts for autocrats and companies like Palantir that weaponise AI to produce mega-death abroad and full-on surveillance of Western populations. Now, in May 2026, this corporate fixer issues a 5700 word tantrum demanding that Labour embrace Trump even more than Starmer already has, denounce what is left of Labour’s betrayed Green New Deal, and trash the remnants of workers' rights. This is not the wisdom of an aging statesman. It is the frantic squirming of a man fearing his grip on oligarchic power might soon wane and whose entire post-10 Downing Street existence depends on preventing the many from ever reclaiming what the few have plundered. theguardian.com/politics/2026/…

@AnjaliB_ 3D Secure Authentication.... Detect, Delete, Deport... x.com/i/status/20595…

Supreme Court’s stamp of approval on the SIR is deeply disappointing & extremely dangerous for our democracy. The SIR has been marked by arbitrariness & lack of transparency - till date the ECI has not disclosed the basis on which the SIR was undertaken or how the decision, that has disenfranchised millions of citizens, was taken. Dark day for the judiciary and for our republic.

Are we getting this yet.

So our super rich are earning super profots, refusing to share the same by hiking wages and also refusing to invest in India while they continue to put on a show of "patriotism". bbc.com/news/articles/…

Despite its extraordinary transformation over the past few decades, China’s bid for global primacy may be undermined by unresolved tensions at the heart of its development model, notes @UMassAmherst’s @Jayati1609. bit.ly/3RJiMiC

“Happy Eid”

#Breaking Spokesperson for the Iranian General Staff: 📌If war breaks out again & our exports are blocked, we will prevent oil from leaving the region. #IRAN @AlarabyTV pic.x.com/rwzmhpsj3y 📹@PressTV: The #Strait_of_Hormuz has revealed the fragility & vulnerability of the global economy." 🔊@Jayati1609 says the closure has sharply reduced oil, gas, and fertiliser supplies, triggering severe global shortages and price shocks.

Two more pieces in today's papers on the falling rupee. Both worth reading. Neither tells the complete story. @jayanjthomas explains the mechanics. @cpc01 and @Jayati1609 identify something more unsettling. Thomas gives you the textbook: current account deficit, oil imports exceeding exports, FPI outflows, RBI defending with reserves. Clean. Correct. Calm. Chandrashekhar and Ghosh give you the room underneath the floor. India's balance of payments was largely stable in 2025. Net flows were not dramatically negative. And yet the rupee kept falling. Their answer: the RBI deregulated onshore rupee trading. Banks and forex brokers started positioning for further decline. The bets themselves accelerated the fall. Self-fulfilling gravity — built inside the system the RBI created. On May 21 alone the RBI sold $2 billion in a single day. In all of FY26 it has sold more dollars defending the rupee than in the entire previous financial year. This is not a current account story anymore. It is a speculative feedback loop the RBI is now struggling to re-regulate. And here is what the two pieces together don't say out loud — but the data implies. The RBI now faces a choice that has no good answer. Door 1: Hike rates. Defend the rupee. Take the growth hit. Tell the truth about inflation. Politically painful. Economically honest. Door 2: Let the rupee slide quietly. Protect growth optics. Let the currency absorb the shock so the official numbers look cleaner. Politically easier. Economically dangerous. History and political incentives point to Door 2. Or Door 1 chosen so late it no longer matters. Here is why that choice destroys ordinary Indians specifically. India buys nearly every barrel of oil in dollars. A sliding rupee doesn't wait for a government decision — it inflates the landed cost of crude immediately and automatically. Every rupee the currency loses is a petrol price hike, a freight cost hike, a food price hike arriving simultaneously — before the government adjusts a single policy lever. And the Hormuz CPI transmission hasn't even hit yet. ₹96 today is the pre-shock, pre-speculation-unwind, pre-reckoning number. The RBI's real test hasn't started yet. If you think the worst of India's oil shock is already priced in — this paper will change your mind. indiabitcoinman.com/paper15

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This is how a genocidal language is born and shaped. When elites start using the tropes given by the fascists.

Politics isn’t working for places like ours. I will change that. #AndyBurnham #ForUs