(2022-07-30). For-profit utilities leave thousands in Massachusetts without power at peak of record-breaking heat wave. liberationnews.org As temperatures in Boston reached 99 degrees on July 24 — a record high for the day — nearly 20,000 people in the neighborhood of Dorchester suddenly lost power after two manholes caught fire near Savin Hill.
(2022-07-30). Cuba Announces Package of Economic Reactivation and Social Benefit Measures. orinocotribune.com On Thursday, July 28, the Cuban government announced 75 new economic measures aimed at reactivating the national economy. Cuba is currently going through one of the most severe economic crises in its history. The effect of the pandemic, along with greater tightening of the US economic blockade, has caused considerable economic damage to the country. The Gross Domestic Product (GDP) has fallen, as well as the standard of living of more than 11 million Cubans. | The 75 measures revolve around four fundamental axes: strengthening welfare and social policies for the most vulnerable sectors of society, hard currency e…
(2022-07-30). What would be different about a socialist economy? mronline.org The New York Stock Exchange is perhaps the premier institutional expression of the capitalist economy.
(2022-07-30). Gold's Rise Is Just A Recession Away. zerohedge.com Gold's Rise Is Just A Recession Away | Many are asking about Gold's rise, or better yet: When, how and why it will rise? | Toward this end, cold data in the face of historical facts and current recessionary realities will make…
(2022-07-30). What Happens If The Fed Doesn't Capitulate On Interest Rates? zerohedge.com What Happens If The Fed Doesn't Capitulate On Interest Rates? | In the past stock markets used to rely on the innovation and profit reports of individual companies, and while there were sometimes all encompassing events that would push equities in one direction or another, in the last decade there has been only one factor that ever really matters: The Federal Reserve. | The central bank has positioned itself as the ultimate arbiter of market rallies and corrections. In fact, most of the world is now placing all their investment bets on a single hope, that the Fed will capitulate on interest rate hikes, ignore th…
(2022-07-30). To Take Back Our Culture We Need To Build Our Own Media Army. zerohedge.com To Take Back Our Culture We Need To Build Our Own Media Army | I have been writing about the concept of decentralization since around 2006, well before the threat of the woke takeover and the culture war became obvious. The idea is a rather simple one (most ideas that work are simple): | If the corrupt system does not or will not provide what the public needs or wants then the public should provide those necessities for themselves. If they are successful then the system…
(2022-07-30). One Abandoned NYC Block Is "Frozen" In Peak-Pandemic Time. zerohedge.com One Abandoned NYC Block Is "Frozen" In Peak-Pandemic Time | Life in most places is making an attempt to move forward from the pandemic lockdowns. But for one city block in New York, that isn't the case. | Outside of the 59th Street subway stop, across Lexington Avenue, The area, which used to be prime New York real estate, was formerly the home of Banana Republic, the Gap and Victoria's S…
(2022-07-30). Abortion access under attack in West Virginia. workers.org Charleston, West Virginia As a result of the recent SCOTUS overthrow of Roe v. Wade, the bigoted coal baron governor of West Virginia, Jim Justice, used a special legislative session — originally called to establish income tax cuts — as an opportunity to carry out a vicious assault on abortion . . . |
(2022-07-30). "Pure Lies": China Contradicts White House On Key Aspect Of Biden-Xi Call. zerohedge.com "Pure Lies": China Contradicts White House On Key Aspect Of Biden-Xi Call | China blasted the White House in a Friday foreign ministry press conference, charging the US administration with lying after a Biden spokesperson said the president raised the issue of Uyghur Muslim genocide and forced labor camps with Xi in their over two-hour Thursday phone call. | The controversy started when White House Press Secretary Karine Jean-Pierre told reporters soon after the call that Biden "raised genocide and forced labor practices by the [People's Republic of China]," explaining that is something the president "always does…
(2022-07-30). The Ongoing Infowar Against Cuba: From the Moncada Assault to the Embargo. orinocotribune.com By Nino Pagliccia — Jul 26, 2022 | Cuba has a harsh and long history from the days of the Spanish colonisation, the killings of indigenous people, slavery, etc. that finally took a major turn for socialist gains in the mid-20th century. | Cubans fought two wars to become independent from Spain in the 19th century. Those wars were the crucible where heroes were forged. José Martí was one such hero, killed in battle in 1895, that still symbolises today the courageous revolutionary spirit of Cubans. | When Cubans had practically achieved their goal to defeat Spanish domination with much human sacrifice at the…
(2022-07-30). Record second quarter profits for US oil corporations. wsws.org The two largest US oil monopolies, Exxon and Chevron, reported record quarterly profits on Friday as they cashed in on a strategy of cutting refining capacity while the price of oil shot up from the US-NATO proxy war against Russia in Ukraine.
(2022-07-30). Chinese premier stresses promoting effective investment, consumption. ecns.cn Chinese Premier Li Keqiang on Friday called for efforts to detail measures to expand demand, promoting effective investment and increasing consumption.
(2022-07-30). [Perspectives] Lower taxes or greater health equity. thelancet.com "We have to lower taxes." A former UK Government minister and prominent member of the Conservative Party recently said this nine times in 3 minutes. He said it with passion, as if it were a fresh diagnosis of the problem. It was probably his solution to any problem, but this time we were on a radio news programme to discuss inflation and the cost-of-living crisis. It is not a uniquely British obsession. The sour joke in the USA is that Republicans were put on earth to lower taxes. Perhaps equally predictably, my concern was not a priori with the level of taxation, but with what action was necessary to prevent a s…
(2022-07-30). Azerbaijan Supplied Ukraine With Dozens Of Precision-Guided Bombs In Secret. southfront.org The QFAB-2 LG laser-guided bomb. Source: the Ministry of Defense Industry of Azerbaijan Republic. | Azerbaijan had secretly supplied Ukraine with dozens of precision-guided bombs, documents leaked by the Iraqi Sabereen News Telegram channel on July 27 revealed. | According to the shipping documents, the bombs were sent by the CIHAZ Industrial Association, which is owned by the Ministry of Defense Industry of Azerbaijan, to Ukrspecexport, a Ukrainian state-owned arms trading company. | Ukrainian airline Meridian, that h…
(2022-07-30). [Articles] Baricitinib in patients admitted to hospital with COVID-19 (RECOVERY): a randomised, controlled, open-label, platform trial and updated meta-analysis. thelancet.com In patients hospitalised with COVID-19, baricitinib significantly reduced the risk of death but the size of benefit was somewhat smaller than that suggested by previous trials. The total randomised evidence to date suggests that JAK inhibitors (chiefly baricitinib) reduce mortality in patients hospitalised for COVID-19 by about one-fifth.
(2022-07-30). Presidente López Obrador destaca crecimiento económico en México. telesurtv.net El Inegi notificó que, en el segundo trimestre de 2022, la estimación oportuna del PIB ascendió 1.9 por ciento en términos reales.
(2022-07-30). The class dynamics of the Fed's recession program. wsws.org The central bank, the guardian of the interests of the corporations and finance capital, has set out to engineer a marked slowdown and, if necessary, a major economic contraction.
(2022-07-30). Energy crisis: market intervention by policymakers is necessary. indybay.org We are in the middle of a multiple energy crisis. The supply of energy is in danger, and prices will continue to rise. This is not only a problem for private households and companies; rather, there is a danger that the persistently high inflation will become entrenched. Then we will be faced with a severe economic depression.
(2022-07-30). VIDEO: Flood hits industrial complexes in Rafsanjan. en.mehrnews.com TEHRAN, Jul. 30 (MNA) — Flood in Rafsanjan County of Kerman has inflicted heavy damage to industrial and mining complexes in this area.
(2022-07-30). EU halved purchases of Russian gas since Ukraine operation. en.mehrnews.com TEHRAN, Jul. 29 (MNA) — EU High Representative for Foreign Affairs and Security Policy Josep Borrell said members of the European Union had halved purchases of Russian natural gas since the start of the special military operation in Ukraine.
(2022-07-30). Workers & Delegates Speak Out At 2022 CA Labor Federation Convention. indybay.org Workers and delegates spoke out at the 2022 biennial convention of the California AFL-CIO…
(2022-07-30). 2022 CA Fed Meeting, Internationalism, Fascism & A Workers Party With LA Roofers Local 36. indybay.org Cliff Smith, the business manager of Roofers Local 36 in Los Angeles was a delegate to the 2022 California AFL-CIO convention and raised issues about fascism and internationalism at the convention. The leadership opposed a resolution calling for the prosecution of people who participated in the insurrection and attempted coup on January 6, 2020. He also discussed the issue of the formation of a workers party.
(2022-07-30). Hundreds of SEIU1021 SF Tenderloin Housing Clinic Workers Strike For Living Wages. indybay.org Hundreds of SEIU 1021 San Francisco non-profit workers at he Tenderloin Housing Clinic went on strike for living wages. They do public work but are paid wages that keep them in poverty.
(2022-07-30). Mayo Clinic Minute: Ice cream brain freeze, it's a real thing. newsnetwork.mayoclinic.org Did you know that July is National Ice Cream Month? Have you ever enjoyed a sip of an ice-cold milkshake or taken a bite of an ice cream cone only to get an instant blast of pain or headache that lasts a few seconds? You're not alone. Dr. Amaal Starling, a neurologist at Mayo Clinic, says the condition is called a "cold-stimulus headache." Watch: The Mayo Clinic Minute youtu.be/2NrtjewPTHc Journalists: Broadcast-quality video pkg (0: 56) is in…
(2022-07-30). Ukraine's GDP to drop 33.4 pct in 2022: central bank. ecns.cn Ukraine's gross domestic product (GDP) will drop by 33.4 percent this year amid the Russia-Ukraine conflict, the National Bank of Ukraine said on Friday.
(2022-07-30). China's pork prices fall last week. ecns.cn Pork prices in China edged down compared to a week ago, official data showed.
(2022-07-30). Mayo Clinic, Mercy collaborate to globally transform patient care. newsnetwork.mayoclinic.org Innovative data science will enable patients to receive personalized, predictive and proactive medicine ROCHESTER, Minn., and ST. LOUIS — A 10-year collaboration agreement between Mayo Clinic and Mercy — a first-of-its-kind alliance between two large health care systems — will use the most current data science and years of deidentified patient outcomes to find diseases earlier and start patients on paths to better health more quickly. "This unique collaboration will eliminate the barriers to innovation…
(2022-07-30). Is the US Economy in a Recession? Not Yet. commondreams.org The Fed's overly aggressive interest rate hikes increase risk of recession.
(2022-07-30). The lure of unreason and The crisis profiteers. indybay.org The essence of transhumanism is pathological. This ideology is carried by psychopaths and narcissists. Such people love only themselves, their infallibility and uniqueness. And this is reflected in their visions and goals, which they approach without any scruples. The others are only mass. Mass is despised by "the unique".
(2022-07-30). COVID-19 cases explode again in Japan, South Korea. wsws.org The claims that the COVID-19 pandemic is over are lies to keep the economy open and profits flowing into the pockets of big business.
(2022-07-30). [Comment] Baricitinib in COVID-19: a coming-of-age from artificial intelligence to reducing mortality. thelancet.com Immunomodulatory therapies targeting excessive host immune responses,1 vaccination, and immunity from natural infection have changed the course of the COVID-19 pandemic. However, the rapid emergence of SARS-CoV-2 variants has stymied progress towards ending the pandemic. An unmet need remains for accessible therapies that reduce mortality. In The Lancet, the RECOVERY Collaborative Group assessed the use of baricitinib, a Janus kinase (JAK) inhibitor, for the treatment of patients hospitalised with COVID-19, in the randomised, controlled, open-label platform trial (Randomised Evaluation of COVID-19 Therapy [RECOVE…
(2022-07-30). AB 1655 – California Juneteenth Holiday Bill, "Official" vs. "Optional" indybay.org The State of California Legislature is considering Assembly Bill 1655, amended several times, yet still "official" vs. "optional" is the salient consideration. Governor Newsom can help align California Law with Federal Law or sign a separate and unequal "California Grown" construct without consideration for our unique "California Journey from Slavery to Freedom." Nearly 2,000 United States Colored Troops served from California in the bloody and costly US Civil War. USCT were reportedly part of the margin for victory that helped preserve the Union, while ending "legal" slavery throughout America. Slavery in Califo…
(2022-07-30). U.S. chips bill will disrupt global trade: commerce ministry. ecns.cn The Chips and Science Act passed by the U.S. Congress contains provisions that restrict the normal economic, trade and investment activities of relevant companies in China, which will distort the global semiconductor supply chain and disrupt international trade, China's Ministry of Commerce said Friday.
(2022-07-30). Envía Raúl Castro felicitación al Sistema de la Defensa Civil en su aniversario 60. cubadebate.cu El líder de la Revolución Cubana, General de Ejército Raúl Castro Ruz envió una carta de felicitación a los integrantes del Estado Mayor Nacional de la Defensa Civil en ocasión del 60 aniversario de la fundación de este Sistema. Ponderó la labor del país en el enfrentamiento a la COVID-19, y en especial al pueblo, principal protagonista de esta fortaleza de la Revolución.
(2022-07-30). [World Report] New Dutch regulations to alleviate drug shortages. thelancet.com The Netherlands has some of the worst medicine shortages in Europe. Ferry Biedermann reports from Amsterdam.
(2022-07-30). Una visión de la izquierda canadiense sobre el Moncada del 26 de julio en Cuba. globalizacion.ca En 1953, cuando prácticamente todas las fuerzas progresistas y revolucionarias de Cuba no ofrecían ninguna solución viable para oponerse a la dictadura de Batista respaldada por Estados Unidos, Fidel Castro y sus camaradas sí elaboraron un camino. | Fue una ruta…
(2022-07-29). Chicago Mandated Contracts For Domestic Workers. popularresistance.org Chicago, Illinois – As of Jan. 1, 2022, a new ordinance took effect in Chicago aimed at bringing much-needed accountability to an industry that has been, by and large, treated as part of the informal economy: domestic work. Domestic work covers a range of jobs, from nannies and home-caregivers to home cleaners, but domestic workers themselves—the majority of whom are people of color and the vast majority of whom are women—are not protected by most labor laws and are frequently subjected to rampant wage theft and harassment. The Chicago ordinance requires employers to provide workers, regardless of the…
(2022-07-29). West Prepares To Plunder Post-War Ukraine. popularresistance.org While the United States and Europe flood Ukraine with tens of billions of dollars of weapons, using it as an anti-Russian proxy and pouring fuel on the fire of a brutal war that is devastating the country, they are also making plans to essentially plunder its post-war economy. | Representatives of Western governments and corporations met in Switzerland this July to plan a series of harsh neoliberal policies to impose on post-war Ukraine, calling to cut labor laws, "open markets," drop tariffs, deregulate industries, and "sell state-owned enterprises to private investors." | Ukraine has been destabilized by violen…
(2022-07-29). How the US Is Killing Its Principal Competitor — The EU. orinocotribune.com By Vladimir Danilov  ; Jul 24, 2022 | It will hardly be a revelation for anyone that the United States, being historically the "stepchild" of Europe from where the mass-scale population of the New World began, has always manifested a jealous attitude towards their Alma Mater. This process has especially aggravated in the recent decades when America entered the path of severe competitive struggle with Europe in economics, trade and for global domination. | By pursuing the policy of weakening of the national elites and economy of the European countries, the United States managed to remove Europe from among its c…
(2022-07-29). Biden Fans Change Definition Of Recession In Wikipedia Before Page Is Locked. moguldom.com Wikipedia editors have been accused of taking a cue from the White House and redefining "recession" after the Biden administration denied that the economy is in trouble despite two consecutive quarters of negative GDP growth this year so far. Most economists agree that the economy is technically in a recession when a country's real gross domestic product (GDP)—the …
(2022-07-29). Trump Warns Something Worse Than Recession Is Coming. zerohedge.com Trump Warns Something Worse Than Recession Is Coming | Former President Donald Trump has warned that America's economy is on track for a bigger disaster than a recession, with his remarks coming shortly before government statistics showed GDP printing negative for the second consecutive quarter, which is a rule-of-thumb definition for a recession. | "Where we're going now could be a very bad place," Tr…
(2022-07-29). Expanding the China Pakistan Economic Corridor (CPEC) to Third Parties Could Lead to War in South Asia. globalresearch.ca
(2022-07-29). Rebuilding collective intelligence. mronline.org Human capital theory cannot solve our economic woes. David Ridley says we need a socialist alternative.
(2022-07-29). Third Body Found At Lake Mead As Water Levels Drop. zerohedge.com Third Body Found At Lake Mead As Water Levels Drop | As the water level of the nation's largest artificial reservoir recedes due to a devastating drought, human bodies keep emerging. | Human remains have been discovered in Lake Mead for the third time in three months. The U.S. National Park Service We are out at Lake Mead where more human remains were fou…
(2022-07-29). Is Private Equity's Employee Ownership Plan The Real Deal? popularresistance.org In April, 19 private equity firms committed to providing equity shares to employees at some portfolio firms, as part of the new nonprofit Ownership Works initiative, which has a goal of creating $20 billion in wealth for low- and moderate-income workers over the next decade. Seems like good news. But we urge impact investors to be skeptical. | The industry that has done the most damage to job quality and worker security over the last two decades claims to be reversing course. And there will be workers who see a nice hit of cash. But ownership? Not really. What these PE firms are doing falls far short of what auth…
(2022-07-29). Our Retirements Gone? Where Did the 21 Trillion Go?/By Justus R. Hope, MD. marktaliano.net Original Link Here: Our Retirements Gone? Where Did the 21 Trillion Go? | Columnists | thedesertreview.com As anyone making a tight family budget knows, there are only two ways to balance it. The first is to increase income. The second is to decrease spending. Unfortunately, Catherine Austin Fitts says our government chose the latter to …
(2022-07-29). °Viva La Solidaridad! Latin America's Left Leads The Way. popularresistance.org Hundreds joined international guests, solidarity campaigners and elected representatives for °Viva la solidaridad! Latin America's Left Leads the Way: a session organised by Labour Friends of Progressive Latin America as part of this year's Arise Festival. Chairing the event, Arise's Sam Browse went through examples of electoral successes and resilience in the face of aggression by the region's left, and emphasised the importance of international co-operation amongst progressive forces: "those winning gains in the fight for a better future are an inspiration to us all". | Secretary of the Presidency in Hondur…
(2022-07-29). Massachusetts Trader Joe's Becomes First to Unionize in Huge Workers' Victory. scheerpost.com [ By Brett Wilkins | Workers at a Massachusetts Trader Joe's on Thursday voted to become the first of the supermarket chain's more than 0 locations to unionize, a historic development that comes amid a nationwide labor organizing wave. | "Our crew needs to be represented by an entity that is solely dedicated to our best interests." | Employees at the Trader Joe's in Hadley, a suburb of Sprin…
(2022-07-29). Child Labor is Alive and Well in the United States. libya360.wordpress.com Natalia Marques A Hyundai subsidiary used up to fifty underage migrant workers at an auto plant known for hazardous conditions, according to former and current employees On July 22, Reuters revealed that a subsidiary of auto giant Hyundai, SMART, had been employing migrant children in Luverne, Alabama. Reuters learned of the underage labor exploitation through local police, the family of…
(2022-07-29). Interest Rate Hikes Will Not Save Us from Inflation. globalresearch.ca
(2022-07-29). Oil companies announce record profits, workers pay the price. liberationnews.org These record breaking profits for oil companies come at a time when workers in the U.S. are getting squeezed harder each day by inflation, especially taking a hit at the gas pump and on heating and electric bills.
(2022-07-29). 'Akin to Torture': For-profit immigrant prison singles out Black men after peaceful protest. splcenter.org
(2022-07-29). The value of the federal minimum wage is at its lowest point in 66 years. mronline.org The value of the federal minimum wage has reached its lowest point in 66 years, according to an EPI analysis of recently released Consumer Price Index (CPI) data.
(2022-07-29). Belarús y Cuba firman convenio para la investigación y desarrollo de nuevos productos farmacéuticos. cubadebate.cu En Belarús se firma de Memorando de Entendimiento para la investigación y desarrollo de nuevos productos farmacéuticos entre Biocubafarma, la empresa de administración del Parque Industrial Gran Piedra, la Academia de Superación Médica de Belarús, el holding Belpharmprom y el Centro Científico -Practico Lotios, en saludo a el Día de la Rebeldía de Nacional de Cuba.
(2022-07-29). 7 Prisoners from Brazil and modern slave labor. wsws.org Tens of millions remain trapped by capitalism in this primitive and brutal condition, and some of them in major urban areas.
(2022-07-29). Children as young as 12 working in Hyundai-owned plant in Alabama. peoplesworld.org LUVERNE, Alabama—Children as young as 12 have been discovered working at a Hyundai-owned metal stamping plant in Alabama, and other workers at the factory estimate that as many as underage people may have been employed at the facility. That according to a horrific exposé detailing the exploitation of child labor at a Hyundai subsidiary …
(2022-07-29). Junior Doctors In The UK Protest Government Disregard. popularresistance.org On Monday, July 25, junior doctors in London organized a protest march in the city demanding a pay rise. Under the banner of the Doctors Vote campaign, they took out a march from the Department of Health and Social Care Office to Downing Street. The doctors warned of more actions, including strikes, unless their long pending demand for pay restoration is met. Doctors from the British Medical Association (BMA), Doctors' Association UK, and trade unionists and activists from Unite the union, Unison, Socialist Party, and others also took part in the protest march in solidarity with the junior doctors. | Working clas…
(2022-07-29). China-Switzerland Stock Connect officially launched. ecns.cn The China-Switzerland Stock Connect program was officially launched on Thursday, China's top securities regulator has said.
(2022-07-29). Interest Rate Hikes Will Not Fix Inflation. commondreams.org Rather than making money harder to get, the U.S. government needs to focus on the other side of the demand vs. supply equation.
(2022-07-29). Ministro de Salud: Si no le ganamos la pelea al mosquito, no vamos a contener la transmisión de dengue. cubadebate.cu Para la prevención y control del dengue, tenemos que seguir llamando a la participación comunitaria y de los centros de trabajo, porque esta es una batalla que es de todos y en la que es imprescindible la autorresponsabilidad individual, familiar y de las administraciones y los colectivos laborales para impedir la proliferación del mosquito Aedes aegypti.
(2022-07-29). Privatization of The Port, Community Colleges & K-12 Education: SLAP Education Conference. indybay.org The privatization of the Port of Oakland, the attack on the OEA, union busting in West Contra Costa School District, privatization of the Community college system, FCMAT and the destruction of public education was the focus of this Schools and Labor Against Privatization educational conference.
(2022-07-29). Policies to speed up recovery. ecns.cn China will continue to adopt a series of incremental policies to further consolidate and accelerate its economic recovery from COVID-19 in the latter part of this year, economists said.
(2022-07-29). CPC leadership analyzes economic work, reviews disciplinary inspection report. ecns.cn The Political Bureau of the Communist Party of China (CPC) Central Committee convened a meeting on Thursday to analyze the current economic situation, plan economic work for the second half of the year, and review a comprehensive report on the ninth round of disciplinary inspection missions of the 19th CPC Central Committee.
(2022-07-29). Safety concerns persist at National Steel Car's Hamilton, Ontario, plant in aftermath of three tragic deaths. wsws.org Lax safety standards and the rapacious pursuit of profit at all costs have resulted in the plant becoming one of the most unsafe workplaces in Ontario.
(2022-07-29). China's FDI inflow up 17.4 pct in H1. ecns.cn Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 17.4 percent year on year in the first half of the year, the Ministry of Commerce said Friday.
(2022-07-29). Labor Board uses Atlanta case vs. independent contractor dodge. peoplesworld.org ATLANTA—The National Labor Relations Board is using a court case in Atlanta, pitting Theatrical and Stage Employees Local 798 against the Atlanta Opera's bosses, to battle, and try to narrow, employers' "independent contractor" dodge—misclassification which robs millions of workers of pay, benefits, jobless aid, workers comp and the right to unionize. And though the Biden …
(2022-07-29). Australia's Labor treasurer declares working people must swallow "tough medicine" amid inflation crisis. wsws.org Chalmers reiterated Labor's commitment to an austerity agenda aimed at forcing the working class to pay for the deepening economic crisis, but the financial press has complained that he did not outline concrete measures to carry this out.
(2022-07-29). Advocates Slam $0 for Child Care in Manchin Anti-Inflation Package. commondreams.org "It is a complete shame that the Senate's Inflation Reduction Act does not include inflation-fighting funding for child care."
(2022-07-29). Fuerzas Armadas desmontan 129 laboratorios de droga en México. telesurtv.net Los laboratorios fueron desmontados entre el 21 de mayo y el 25 de julio a través de operativos de las Fuerzas Armadas.
(2022-07-29). US economy starting to move into recession. wsws.org According to Commerce Department data released yesterday, US gross domestic product contracted at an annualised rate of 0.9 percent in the three months to June, following a 1.6 percent contraction in the first quarter.
(2022-07-29). The Fed Will Be to Blame if the Economy Crashes Into a Recession. commondreams.org We don't need a recession—which would be devastating—to solve our inflation problem.
(2022-07-29). Healthcare costs could drop due to Schumer-Manchin compromise. peoplesworld.org WASHINGTON—A budget deal brokered between Senate Majority Leader Charles Schumer, D-N.Y., and key dissident Democrat Joe Manchin of West Virginia would let Medicare negotiate lower drug prices with Big Pharma, impose a minimum 15% corporate tax on billion-dollar firms, and allot $369 billion for energy security and to battle climate change. As a result, Democratic …
(2022-07-29). Martha's Vineyard: "Playground of the rich" wracked by poverty and social crisis. wsws.org Martha's Vineyard, off the coast of southern Massachusetts, is a popular playground for the rich and famous, but the island is home to extreme poverty and hardship for the workers who live there.
(2022-07-29). BT workers speak from the picket lines in first UK-wide strike in 35 years. wsws.org The day before the strike action BT reported quarterly after-tax profits to June of £422 million (up from £388 million) on top of the £1.3 billion from last year.
(2022-07-28). West prepares to plunder post-war Ukraine with neoliberal shock therapy: privatization, deregulation, slashing worker protections. multipolarista.com Western governments and corporations met in Switzerland to plan harsh neoliberal economic policies to impose on post-war Ukraine, calling to cut labor laws, "open markets," drop tariffs, deregulate industries, and "sell state-owned enterprises to private investors."
(2022-07-28). Round Table "Future of the Settlement of the Situation in Syria in the Context of the Ukrainian Conflict" russiancouncil.ru In the framework of the event, there was a presentation of the RIAC working paper "Political Economic Model for Settling the Situation in Syria in the Context of the Ukrainian Conflict"
(2022-07-28). As China and Russia Champion an Expanded BRICS, India May Have to Pick a Side. infobrics.org Expanding the BRICS grouping would help build an alternative to the Western alliance and enable countries in the Global South to avoid economic shocks from sanctions…
(2022-07-28). Making the Most of South Africa at BRICS. infobrics.org Hot on the heels of the recent BRICS summit, we gather top experts to unpack South Africa's membership of BRICS with a keen focus on economic opportunities for our own development as well as the rest of the African continent…
(2022-07-28). From Commodity Fetishism to Teleological Positing: Lukács's Concept of Labor and Its Relevance. mronline.org The concept of labor constituted a pivotal problematic in Georg Lukács's theoretical development throughout his Marxist years.
(2022-07-28). Lufthansa Workers Strike Over Wages. popularresistance.org The ver.di union, one of the unions representing workers at the German airline Lufthansa, has called for a new strike on Wednesday, July 27, to demand a 9.5-percent wage increase to address inflation. The strike affects ground workers in maintenance and towing. | "The situation at airports is degenerating and employees are increasingly under pressure and overworked due to severe understaffing, high inflation, and no raise for three years," Christine Behl, a ver.di leader, told AFP. This flows from a shortfall of 7,000 employees in Germany's aviation sector, the result of precarious jobs marked by low wages, along…
(2022-07-28). Trade Unionists Take A Stand For Jobs, Pay, Pensions And Conditions. popularresistance.org The rail network was brought to a standstill today as thousands of RMT and TSSA members walked out over jobs, pay, pensions and other conditions. | RMT is in dispute with Network Rail and 14 train operators while TSSA is striking at Avanti West Coast. | Speaking from the Euston picket line, RMT general secretary Mick Lynch said the union had received an "inadequate" pay offer from Network Rail last week. | He said: "It's a pay offer over three years which is nowhere near the rate of inflation. | "And the conditions that they wish to impose on that are not acceptable to the members." | TSSA general secretary Manue…
(2022-07-28). People's Action on Climate Provisions in Inflation Reduction Act: Thank an Organizer. peoplesaction.org Contact: Johanna Kichton, press@peoplesaction.org, 202.660.0605 WASHINGTON, D.C.—People's Action released the following statement by Gary Zuckett, director of People's Action member organization West Virginia Citizen Action Group, after Senator Manchin and Senator Schumer announced the Inflation Reduction Act: "West Virginia organizers and our allies around the country helped win this victory. For years we fought against …
(2022-07-28). Marxist IQ: A people's culture. cpusa.org Capitalism sees cultural production (literature, theater, painting, films) as both commodities to be produced for profit and expressions of ruling-class ideology. But artists influenced by both Marxism and the struggles of the working class have produced work to advance working-class consciousness. This Marxist IQ is dedicated to those artists and their work. 1. World-famous …