(2022-05-11). Stock market falls point to mounting problems in financial system. wsws.org The rise in central bank interest rates in the face of rampant inflation is the main reason for the sharp falls but the downward movement is being compounded by signs of a slowing world economy.
(2022-05-11). Terror from Balochistan: A Menacing Tool to Disrupt Sino-Pakistani Economics. orinocotribune.com By Pepe Escobar — May 5, 2022 | A Baloch suicide bombing targeting Chinese workers in Karachi comes a mere month after the US-backed ousting of PM Imran Khan. Pakistan is a critical BRI hub in Beijing's vast Eurasian connectivity project, and it looks like CPEC is the ultimate target of this disruption. | This is the concise story of how a suicide bombing may carry the potential to subvert the whole, ongoing, complex process of Eurasia integration. | Recently, the Balochistan Liberation Movement (BLA) had released an ISIS-influenced video threatening "Chinese officials and installations" in Pakistan's vast p…
(2022-05-11). The sellout of the UIC graduate student strike: The political lessons. wsws.org Last month, the Graduate Educators Organization, under pressure from the AFT, shutdown and sold out the strike of over 1, 0 graduate students fighting against poverty wages at the University of Illinois in Chicago.
(2022-05-11). Australian election features "wage growth" sham. wsws.org The Labor Party is working with the trade unions to keep a lid on the eruption of strikes by holding out false hopes of wages relief under a Labor government.
(2022-05-11). Record gas prices cut further into US workers' real wages. wsws.org Rising costs are putting mounting pressure on American workers. Everything from food, to gas, to medicine has become more expensive in recent months.
(2022-05-11). Detroit Diesel workers repudiate UAW sellout, vote by 79 percent to reject pro company deal. wsws.org The vote is a powerful statement of unity and part of a growing rebellion against the UAW aimed at overturning decades of concessions and winning substantial raises in the face of record inflation.
(2022-05-11). UAW delivers full contract to Volvo Trucks workers one year after sabotaging their strike. wsws.org Volvo workers now live under a UAW-imposed contract whose "pay raises" are being devoured by runaway inflation.
(2022-05-11). Suspend the sentence of Tennessee nurse RaDonda Vaught! No jail time, fines or penalties! wsws.org Nurses and health care workers around the US and the world have rallied to the defense of RaDonda because they know the real causes of tragic medical errors are chronic understaffing, inhuman workloads, and the subordination of medical care to corporate profit.
(2022-05-10). Foreign lenders continue to strangle Ukraine. wsws.org While a tight grip is being kept on economic aid to Ukraine, NATO countries are tripping over themselves on a nearly daily basis to announce the dispatch of ever-more lethal weaponry to the country.
(2022-05-10). The Left and its Deplorable Role in Ukraine's War. orinocotribune.com By Juanlu González — empty In 1964, Marcuse warned about the loss of revolutionary capacity in the West due to the triumph of repressive measures implemented by advanced industrial societies to silence any kind of intellectual dissent through the media, advertising, propaganda, and the most unbridled consumerism. At that time, it heralded the birth of the
(2022-05-10). German government imposes war costs on working class. wsws.org If the German government has its way, the working class will pay for the cost of its participation in the Ukraine war and the biggest rearmament programme since Hitler with mass poverty and the loss of hundreds of thousands of jobs.
(2022-05-10). Hundreds Of Day Cares Are Closed Today As Educators Go On Strike. popularresistance.org Hundreds of child care providers in 27 states and Washington, D.C., went on strike Monday to remind policymakers how essential they are, not only to families but to the nation's economy. | Early childhood professionals — and the parents they serve — said they're fed up with the lack of progress on policy promises such as better wages and expanded subsidies. | "I've never met a family who has said child care is affordable," said Allyx Schiavone, a member of the Ideal Learning Roundtable, a national group of developmental early childhood education experts. Schiavone helped organize a Connecticut-specifi…
(2022-05-10). China unveils five-year plan for bioeconomy. ecns.cn China's top economic regulator on Tuesday unveiled a new plan to spur the bioeconomy during the 14th Five-Year Plan period (2021-25), in a bid to promote high-quality development of the sector.
(2022-05-10). China's VAT credit refunds exceed 800 bln yuan in April. ecns.cn China's value-added tax (VAT) credit refunds reached 801.5 billion yuan (about 119 billion U.S. dollars) in April, official data showed Tuesday.
(2022-05-10). 2022 World Trade Month – Expanding California African Global Trade. indybay.org Since 1938, the United States has recognized May as World Trade Month and used it as an opportunity to celebrate the importance of international trade to the U.S. economy. 2022 Africa Unity Week is helping organize and promote The World Conference of Mayors and Black Towns and Historic Settlements Alliance in California as we build global unity. Together, we must build greater awareness and highlight the role of international business and trade in our communities.
(2022-05-10). The Data Show Our Economy Continues to Grow Quite Nicely. cepr.net The latest GDP report shows that the main components of final demand, consumption, investment and government expenditures are still growing at a healthy pace.
(2022-05-10). In Cuba, Mexico's AMLO calls for end to blockade, urges Latin American unity amid 'US economic decline'. multipolarista.com 
Mexican President López Obrador took a historic trip to Cuba, where he called for an end to the US blockade and criticized right-wing "coup-plotters." He said Latin America should form a union, amid "the economic decline of the United States."
(2022-05-10). Iran's Sari hosts 264th meeting of ECO member states' envoys. en.mehrnews.com TEHRAN, May 10 (MNA) — The 264th meeting of Council of Permanent Representatives of Economic Cooperation Organization (ECO)'s member states was held in northern Iranian city of Sari, Mazandaran province on Tuesday evening.
(2022-05-10). Army evacuates former Sri Lankan PM from besieged residence. en.mehrnews.com TEHRAN, May 10 (MNA) — Heavily armed troops have evacuated outgoing Sri Lankan Prime Minister from his official residence in Colombo after thousands of protesters breached the main gate in the worst violence in weeks of protests over economic crisis.
(2022-05-10). Luna: TerraUSD (UST) Crypto Stablecoin Peg Collapses, Bitcoin Sold From Reserves To Defend. moguldom.com TerraUSD (UST), one of the largest of the stablecoins — so-called because of its reliance on a stable asset such as a U.S. dollar — lost its dollar peg for the second time in three days Monday, falling to as low as $0.65 amid a broad selloff in crypto and global equity markets. The Luna …
(2022-05-10). China, Germany set to prosper from collaboration, mutual trust. ecns.cn Officials and business leaders in Germany pin great hopes on the collaboration and mutual trust between China and Germany, which they believe are key to the growth and prosperity of the two countries.
(2022-05-10). Milwaukee: Defend Roe v. Wade protest mobilizes 1000-plus. fightbacknews.org Milwaukee, WI — On May 7, the Milwaukee International Women's Day Coalition hosted an action to support reproductive rights and defend Roe v. Wade from the attack by the Supreme Court. | Over 1000 people turned out for the rally and march. The action started at Planned Parenthood and ended at the Milwaukee Federal Court building where Ron Johnson's office is located. Johnson is an anti-choice U.S. Senator from Wisconsin. | Decorah Gordon, a member of the executive board of the Milwaukee Area Labor Council and the A. Philip Randolph Institute, spoke at the start of the rally. "Our human rights are no longer…
(2022-05-10). Women take on union busters by stepping up union organizing. peoplesworld.org 
WASHINGTON—Women across America, learning firsthand about the extent to which bosses try to destroy unions, are taking the lead in confronting and battling back against the union busters. At one notorious workplace, the Amazon warehouse in Bessemer, Alabama, they battled union busters who tried all kinds of tactics to defeat the union organizing drive, including …
(2022-05-10). Las 3 del día: Historias del Saratoga y las noticias del 9 de mayo(+ Podcast). cubadebate.cu Tras la explosión en el hotel Saratoga de La Habana, el 6 de mayo, muchos han sido los testimonios recogidos por los reporteros de Cubadebate, quienes han dado seguimiento casi minuto a minuto a las labores de búsqueda y rescate en el lugar del siniestro. Desde Las 3 del día le contamos algunas de esas historias.
(2022-05-10). Operación de rescate y salvamento en el hotel Saratoga: àöltimas noticias (IV). cubadebate.cu Cubadebate continúa reportando desde el lugar de los hechos y desde los centros de salud donde son atendidas las víctimas, con el concurso de las redes sociales, colaboradores y medios hermanos. Este martes no han cesado las labores de excavación y búsqueda en el hotel Saratoga y los edificios contiguos. La cifra de fallecidos ya asciende a 42.
(2022-05-10). Transformación digital, proceso estratégico y urgente para Cuba. cubadebate.cu Las ideas preliminares para la elaboración de la Política para la transformación digital en Cuba y la Agenda Digital Cubana 2030 fueron objetos de análisis por parte de los integrantes del Consejo Nacional de Innovación (CNI), en su reunión correspondiente a mayo. La sesión estuvo encabezada por el presidente cubano Miguel Díaz-Canel Bermúdez.
(2022-05-10). Australia: Labor and the Coalition in lockstep as COVID-19 infection toll passes six million. wsws.org The Socialist Equality Party is the only party in this election advancing a program of action for the working class to protect lives and end the pandemic.
(2022-05-10). Solana Crypto Breaks, Ethereum Trips Over Sky High Gas Fees: 5 Things To Know. moguldom.com A proof-of-stake chain flood caused by high traffic demand from non-fungible tokens (NFTs) knocked Solana validators out of consensus, grinding block production to a halt and pushing Ethereum gas prices to unprecedented levels. The Solana blockchain crashed on April 30 and May 1 and had to be restarted, while the cost of block space skyrocketed …
(2022-05-10). 'Pacific Cinewaves': South Seas cinema at Los Angeles Asian Pacific Film Festival. peoplesworld.org 
LOS ANGELES — Since 1898, when a Thomas Edison camera crew on location in Honolulu shot the first footage ever filmed in the Pacific Islands, the South Seas Cinema movie genre has been dominated by Haole (Caucasians) male filmmakers lensing productions primarily for the consumption of Haole audiences in order to make money. These motion …
(2022-05-10). Grand Jury Day Five/ Financial Destruction/ By Prof. Dr. Christian Kreib. marktaliano.net READ MORE:
(2022-05-10). No es solo inflación, es aumento de precios. peoplesworld.org 
Si últimamente se ha visto afectado por precios más altos en todo, desde comestibles hasta alquiler de automóviles y precios de la gasolina, probablemente se esté preguntando qué demonios hay detrás de estos costos vertiginosos. Las corporaciones se apresuran a culpar de esta nueva realidad a la pandemia o la guerra en Ucrania, pero otro …
(2022-05-10). U.S. President Biden pledges to fight inflation. america.cgtn.com U.S. President Joe Biden on Tuesday pledged to make life cheaper for the most vulnerable families as new data showed that the price of fuel — one of the costliest outgoings — is hitting new highs.
(2022-05-10). Workers Struggles: The Americas. wsws.org Carpenters in Ontario have joined with other construction workers in an expanding strike wave in response to burgeoning inflation that is eroding wages.
(2022-05-10). Support Arriva South bus drivers! For a London-wide strike to break Unite's de facto pay freeze! wsws.org By Unite's own admission, it has presided over four years of below-inflation pay deals. It now wants to impose another one.
(2022-05-10). Gov't trying to help students find jobs. ecns.cn Faced with employment pressures brought by a record number of college graduates and the epidemic situation, governments and schools are mulling over a series of moves to help students find jobs.
(2022-05-10). Bongbong Politics: Rehabilitating the Marcos Family. southfront.org 
Ferdinand "Bongbong" Marcos Jr | Written by Dr. Binoy Kampmark on May 9 | Children should not pay for the sins of their parents. But in some cases, a healthy suspicion of the offspring is needed, notably when it comes to profiting off ill-gotten gains. It is certainly needed in the case of Filipino politician and presidential candidate Ferdinand "Bongbong" Marcos Jr, who stands to win on May 9. | Bongbong's father was the notorious strongman Ferdinand Marcos, his mother, the avaricious, shoe-cra…
(2022-05-10). "We've all suffered the same way": Striking Cedars-Sinai Medical Center workers speak out. wsws.org The striking healthcare service workers are fighting for safe working conditions, improved staffing and better wages.
(2022-05-10). Detroit Diesel workers: Vote NO on UAW sellout contract! Form a rank-and-file committee to take control of the struggle! wsws.org The UAW wants to force through a slave charter which will cut benefits and real wages, but what will actually happen depends on what the workers do.
(2022-05-10). Energy reforms blocked in Mexico, sharpening ideological lines for 2024 elections. mronline.org 
These were no minor initiatives; they jeopardized the agendas put forth by the neoliberal administrations of the past.
(2022-05-10). Dallas marches against anti-abortion draft Supreme Court decision. fightbacknews.org Dallas, TX – On Saturday, May 7, around 200 people gathered at Civic Garden park in downtown Dallas to protest the leaked Supreme Court decision overturning Roe v. Wade, thus allowing over half of U.S. states to ban abortion completely. Chants present at the rally included "When abortion is under attack, what do we do? Stand up fight back!" and "Healthcare is a human right!" | Jo Hargis of the Freedom Road Socialist Organization, criticized the Supreme Court's decision and the Democratic Party's inaction despite campaign promises, stating, "We have Democrats such as Obama and Biden claiming in their cam…
(2022-05-10). May Day 2022: The class struggle in the Asia-Pacific. wsws.org This is the report delivered by Tom Peters to the 2022 International May Day Online Rally held on May 1. Peters is a leading member of the Socialist Equality Group in New Zealand, which is fighting to build a section of the ICFI.
(2022-05-10). May Day 2022: The revolutionary role of the American working class. wsws.org This is the report delivered by Joseph Kishore to the 2022 International May Day Online Rally held on May 1. Kishore is the national secretary of the Socialist Equality Party in the United States.
(2022-05-10). Indian workers and students speak out on NATO-Russia war. wsws.org Supporters of the ICFI in India spoke to workers and youth about the need to build an anti-war movement of the working class based on socialist internationalism amid the proxy war waged by the US and its NATO allies against Russia.
(2022-05-10). Strong support for SEP's socialist program in Australian rural city of Shepparton. wsws.org "There's no way I'm voting for another capitalist government in my life" — Cherrill…
(2022-05-10). Hope of Party, country rests on youth: Xi. ecns.cn Chinese President Xi Jinping on Tuesday said the hope of the Communist Party of China (CPC) and the country rests on the youth.
(2022-05-10). Xi urges firm beliefs, fighting spirit in youth league members. ecns.cn Chinese President Xi Jinping on Tuesday called on members of the Communist Youth League of China (CYLC) in the new era to build up firm beliefs, and boost their courage and skills to carry out struggles, among others.
(2022-05-10). Progressives Across Europe Mark the 77th Anniversary of Victory Over Nazi Germany. libya360.wordpress.com Peoples Dispatch Victory Day — Europe. Communists in Moscow on Victory Day. (Photo: via kprf.ru) The Victory Day celebrations were held even as anti-communist and anti-Russian sections across Europe have been trying to undermine the role of the Soviet Union in defeating the Nazi Germany during World War II On May 8 and 9, progressive…
(2022-05-10). Progressives across Europe mark 77th anniversary of victory over Nazi Germany. peoplesdispatch.org The Victory Day celebrations were held even as anti-communist and anti-Russian sections across Europe have been trying to undermine the role of the Soviet Union in defeating the Nazi Germany during World War II…