Bank of Canada governor Tiff Macklem holds a news conference at the Bank of Canada in July 2023. THE CANADIAN PRESS/Sean Kilpatrick

Interest rates: Monetary policy is always political as central banks opt to back the financial sector

Why is monetary policy outside the realm of politics? What are the social ramifications of our current monetary policy system? What alternatives exist?
The Bill & Melinda Gates Foundation reacted more quickly when the COVID-19 pandemic began than most other foundations. Kevin Mazur/Getty Images

Only a handful of US foundations quickly pitched in as the COVID‑19 pandemic got underway, early data indicates

Two scholars of philanthropy and geography who reviewed the numbers see cause for concern about the agility and priorities of grantmakers during a crisis.

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