Sri Lanka – the health crisis

 Hospitals in Sri Lanka are forced to postpone life-saving procedures for their patients because they do not have the necessary drugs.

Sri Lanka imports more than 80 percent of its medical supplies but with foreign currency reserves running out because of the crisis, essential medications are disappearing from shelves and the healthcare system is close to collapse.

“It is very bad for cancer patients,” said Dr Roshan Amaratunga. “Sometimes, in the morning we plan for some surgeries but we may not be able to do on that particular day as supplies are not there.” If the situation does not improve quickly, several patients will be facing a virtual death sentence, he said.

Doctors say they are more worried than the patients or their relatives, as they are aware of the potential size of the problem and its impact on the wider population.

A government official working on procuring medical supplies said about 180 items were running out, including injections for dialysis patients, medicine for patients who have undergone transplants and certain cancer drugs.

Referring to the ubiquitous queues for petrol and cooking gas, Dr Vasan Ratnasingam, a spokesman for the Government Medical Officers’ Association, said the consequences for people awaiting treatment were so much more dire.

“If patients are in a queue for drugs, they will lose their lives,” said Ratnasingam.

‘Death sentence’: Doctors in Sri Lanka decry medicine shortage | Health News | Al Jazeera

Palm Oil Robbery

 Buy something in a supermarket and there’s a good chance it will contain palm oil, an industry worth more than $50bn each year globallyThe companies behind the country’s palm oil boom have seen their profits soar this year as global prices reached record highs. Indonesia’s super-rich list is already stacked with palm oil billionaires. The Widjaja family, who control Golden Agri-Resources, stand second place in Forbes’ rich list for Indonesia; Anthoni Salim, who is the CEO of the Salim Group, sits one below in third place. But the companies that sell it to major firms like Johnson & Johnson, Kellogg’s and Mondelēz are depriving indigenous communities of potentially millions of dollars of income. 

Vast tracts of the world’s most biodiverse forests have been cleared for palm oil plantations. On the once jungle-covered Indonesian islands of Borneo and Sumatra, plantations now stretch for miles on end. The trade-off was the promise of economic development. In order to gain local support and access to government financing, companies often promised to share their plantation with villagers, in plots known as “plasma”. In 2007, it became a legal requirement for companies to give a fifth of any new plantation to communities. But there were steady claims that companies had reneged on promises – and those legal obligations – to provide plasma.



 An investigation found companies have failed to provide more than 100,000 hectares – around the size of Los Angeles – of legally-required plasma in Borneo’s Central Kalimantan province alone. Using conservative figures for the profits available from palm oil, we estimated this has deprived communities of an estimated $90m each year. The province accounts for just a fifth of Indonesia’s corporate-run oil palm plantations.



Analysis of Ministry of Agriculture data suggests the picture is similar across other major palm oil-producing provinces, and the losses suffered across Indonesia by communities owed plasma could stretch into the hundreds of millions of dollars each year. 



When communities complain of a failure to meet promises, the government relies largely on mediation, but an academic study found that just 14% of mediation negotiations lead to an agreement that is implemented. The investigation identified 13 major firms including Colgate-Palmolive that have sourced palm oil from producers alleged to have withheld plasma, or profits from plasma, from communities over the past six years.



Palm oil firms depriving tribes of millions of dollars – BBC News



Mental-health and the well being of the young

 420,314  children and young people in February   were being treated for mental health problems – the highest number on record – prompting warnings of an unprecedented crisis in the well-being of under-18s.

Experts say Covid-19 has seriously exacerbated problems such as anxiety, depression and self-harm among school-age children and that the “relentless and unsustainable” ongoing rise in their need for help could overwhelm already stretched NHS services.

The total has risen by 147,853 since February 2020, a 54% increase, and by 80,096 over the last year alone, a jump of 24%. January’s tally of 411,132 cases was the first time the figure had topped 400,000.

Mental health charities fear the figures are the tip of the iceberg of the true number of people who need care, and that many more under-18s in distress are being denied help by arbitrary eligibility criteria.

“Open referrals” are under-18s who are being cared for by child and adolescent mental health services (CAMHS) or are waiting to see a specialist, having been assessed as needing help against treatment thresholds. GPs, teachers and mental health charities believe the criteria are too strict, exclude many who are deemed not ill enough, and amount to rationing of care. survey of GPs published last month by the youth mental health charity stem4 found that half said CAMHS were rejecting half of referrals they made of under-18s suffering from anxiety, depression, conduct disorder and self-harm because their symptoms were not seen as severe enough. 

“There is an unprecedented crisis in young people’s mental health, further evidenced by these record numbers of young people needing help from the NHS,” said Olly Parker, the head of external affairs at Young Minds. “The record high number of children and young people receiving care from the NHS tells us that the crisis in young people’s mental health is a wave that’s breaking now.” He said many young people were reaching crisis point before could get the treatment they need.

Nihara Krause, a consultant clinical psychologist and the founder of stem4, said that while more under-18s were getting help, it was unclear from the figures how many received effective treatment. “Teachers and GPs say that children and mental health in mental health distress are either being rejected in record numbers because their difficulties do not meet the high threshold for treatment, or they are stuck on long waiting lists. These latest figures also lack any real detail to warrant claiming there has been a marked improvement in accessing effective treatment. They just show greater need.” She said not just the prevalence but also the severity and complexity of youth mental health problems had increased in recent years. In addition, Covid-induced loneliness, increased time spent online, disrupted routines and exposure to family stress have increased levels of distress.

Record 420,000 children a month in England treated for mental health problems | Mental health | The Guardian

Dark Horizons Ahead Say the IMF

 The head of the International Monetary Fund (IMF),  Kristalina Georgieva, has said the war in Ukraine could result in a recession for more vulnerable countries.

“Since then the horizon has darkened,” she said, pointing out that the impact of the war in Ukraine was being amplified by a tightening of financial conditions, a rising US dollar and a slowdown in China. “2022 is going to be a tough year.”

Asked whether the IMF was forecasting a global recession, Georgieva replied: “Not at this point. It doesn’t mean one is out of the question…What we may see is recession in some countries that are weak to begin with. They haven’t recovered from the Covid crisis. They’re highly dependent on imports from Russia, of energy or food, and they have a somewhat weaker environment already.”

The IMF  had recently downgraded the growth prospects for 143 of its member states, which represent 80% of global output.

Georgieva said there had been a sense over the past week that the global economy was getting into rougher waters. The oil price had come down but “food prices continue to go up, up, up, up”. She said: “We can shrink the use of petrol when growth slows down but we have to eat every day. The anxiety about access to food at a reasonable price, globally, is hitting the roof.”

Jane Fraser, the chief executive of the US investment bank Citigroup, explained, “Europe is right in the middle of the storms from supply chains, from the energy crisis, and obviously just the proximity to some of the atrocities that are occurring in Ukraine,” she said.

War in Ukraine could cause recession in weaker economies, IMF boss warns | Davos | The Guardian

Cost of Living Increases

 Basic goods and services for a typical family with two young children are about £400 a month more expensive than they were last year. Energy prices added about £120 to families’ monthly costs as price caps rose and cheap tariffs ended. Transport costs, including petrol and parking charges, added at least £85 to families’ outgoings, while childcare costs rose by £66 a month.

The cost of these basic household budgets – known as the Minimum Income Standard – has often gone up faster than inflation, which is calculated using prices across the whole economy. With inflation reaching a 40-year high of 9% in April 2022, families with two children face costs 13% higher than they did in the same month last year.

Pay is rising more slowly than prices, forcing many families to make tough spending choices. As well as the essentials needed to survive, like food, rent and heating, the budgets include things the focus groups believe are needed to take part in society, such as internet access, school trips and an annual family holiday in the UK.



Peter Matejic from anti-poverty charity the Joseph Rowntree Foundation says low-income households are hit the hardest by price rises: “Families in poverty are feeling the worst effects of the frightening jumps we are seeing in the cost of living, because more of their budget goes on essential items and their incomes just can’t keep up.”


Cost of living: Two-child families paying £400 a month more – BBC News




Bosses Pay Bonanza

 The gap between the pay of company executives and other workers is set to widen this year after falling during the height of the Covid pandemic, the High Pay Centre said.

Cuts to executive pay led to a fall in the median pay gap between bosses in FTSE 350 firms and employees last year. But it said early data indicated that the gap will widen again in 2022.



69 companies that disclosed pay ratios in the first months of 2022 to the High Pay Centre, the average chief executive to average employee pay ratio was 63:1 – almost double the ratio for the same group of companies in 2021, at 34:1.



Mubin Haq, chief executive of the abrdn Financial Fairness Trust said wage growth for those on lower incomes would be “critical” to ensure “millions can weather the cost-of-living crisis we are now facing”.



The High Pay Centre’s most recent chief executive pay analysis said the average FTSE 100 boss was paid £2.69m in 2020. The figure was 86 times the average full-time UK worker.



TUC general secretary Frances O’Grady said: “Pay inequality has gone much too far. Even for the best-performing executives, pay can be out of all proportion compared to hard-working staff on the frontline.”



Pay gap from bosses to staff to widen – think tank – BBC News

BILLIONAIRES GET RICHER

 



The fortunes of food and energy billionaires have grown by $453bn over the past two years owing to soaring energy and commodity prices during the pandemic and Vladimir Putin’s war in Ukraine, a report by Oxfam has revealed.  The charity said spiralling global food prices had helped create “62 new food billionaires” in just 24 months.

Cargill, which is one of the world’s largest food traders, now counts 12 family members as billionaires, up from eight before the pandemic. The Cargill family, along with three other companies, controls 70% of the global agricultural market.

Food prices, which are up more than 30% over the past year on average, are likely to push more than 263 million more people into acute poverty than before the pandemic. That would take the number of people living on less than $1.90 a day to 860 million by the end of the year. That is equivalent to the populations of the UK, France, Germany, and Spain combined.

A total of 573 new billionaires have emerged during the pandemic. Oxfam said the coronavirus crisis had been “the best time in recorded history for the billionaire class”.

Danny Sriskandarajah, the chief executive of Oxfam GB, said: “It is morally indefensible that people in east Africa are dying of hunger while the fortunes of the world’s super-rich are fuelled by skyrocketing food and energy prices. At a time when hundreds of millions more people are facing extreme poverty, there can be no excuse for governments not to address gargantuan profits and wealth in order to ensure that no one is left behind.”

Billionaires’ combined wealth stands at $12.7tn, according to Forbes magazine’s ranking on the super-rich. That is the equivalent to 13.9% of global GDP, and a threefold increase from 2000. The fortunes of the richest 20 billionaires are greater than the entire GDP of sub-Saharan Africa.

Food and energy billionaires $453bn richer than two years ago, finds Oxfam | The super-rich | The Guardian



Poverty and Covid in the USA

  A recent report from the Poor People’s Campaign highlights a key overlooked demographic in the pandemic response: poor and low-income people. Data from over 3,200 counties across the United States show that, after the first wave of the pandemic, poor counties experienced substantially higher death rates than richer counties. 

 During the pandemic, people living in poorer counties died at nearly two times the rate of people who lived in richer counties: After grouping counties by median household income into ten groups with equal population size (deciles), the report shows that death rates in the highest income group are half the death rates in the lowest income group.

 • During the deadliest phases of the pandemic, poorer counties saw many times more deaths than wealthier counties: 

A recent Pew study that broke the pandemic up into six phases shows that the deadliest phases of the pandemic to date were in winter 2020-2021 and the Omicron period.

 Except for the first phase in March 2020, death rates were many times higher in poorer counties than in richer counties: 

 – The second phase was mostly experienced by poorer counties. 

 – During the third phase (winter 2020-2021), death rates were 4.5 times higher in counties with the lowest median income than in counties with the highest. 

– During the Delta variant phase (August-November 2021), death rates were five times higher in these low-income counties. 

– The Omicron variant phase (approx. December 2021-February+) has had a death rate nearly three times higher in counties with the lowest median incomes compared to those with the highest median incomes

ExecutiveSummary_7.pdf (poorpeoplescampaign.org)