Daily Archives: December 14, 2022

2022-12-14: News Headlines

John Catalinotto (2022-12-14). Perú, Argentina, México: lessons of coups and 'lawfare' in Latin America. workers.org Dec. 12, 2022 — Coup in Perú Dec. 7. "Lawfare" in Argentina Dec. 6. Confrontation in Mexico Nov. 27. In the past few weeks, Latin America's reactionary elites, junior partners of U.S. and world imperialism, have challenged leftist elected officials in these three countries. These events illustrate what Karl Marx . . . |

Igor Tregub (2022-12-14). Make an American dream possible in Ukraine: The case for renewable energy democracy. indybay.org While the war on Ukraine, to those who don't have ties there, may seem like an endless conflict raging thousands of miles away from our home, what we do as Californians to choose our energy supply has a deep impact on bringing this nightmare – which every night keeps me awake and scared for the safety of my loved ones – to an end. We owe it to our shared humanity to act decisively today. We can and must choose people over profit.

____ (2022-12-14). Nov credit shortfall due to outbreaks. ecns.cn China's credit growth fell short of market expectations in November despite improvements from a month earlier, highlighting the need to launch more measures to expand credit demand and stabilize the economy.

Garrison Ann (2022-12-14). Thursday 12/15: Book launch, "Sanctions: A Wrecking Ball in a Global Economy" indybay.org East Bay Media Center…

____ (2022-12-14). Experts call on global efforts to strengthen cooperation. ecns.cn Facing growing risks of a global economic recession, countries must strengthen policy coordination and improve global development governance, said experts from home and abroad during a webinar.

WSWS (2022-12-14). Thousands of garment workers laid off in the Philippines. wsws.org Under conditions of a worsening global economic crisis, the mass lay-offs in the Philippines are part of the relentless assault on the wages and living conditions of workers around the world.

WSWS (2022-12-14). Iran publicly hangs second anti-government protester after show trial. wsws.org The Iranian authorities' resort to ever harsher repression is rooted in their fear that under conditions of ever deepening poverty and ever-widening social inequality, the working class will erupt onto the scene.

____ (2022-12-14). U.S. scientists: Gains made on energy source. ecns.cn This July 6, 2012, image released by the Lawrence Livermore National Laboratory (LLNL) in Livermore, California, shows an interior of the lab's National Ignition Facility, a laser-based inertial confinement fusion research facility in Livermore, California, US.

Labor Action Commitee To Free Mumia (2022-12-14). Thursday 12/15: Free MUMIA! March! SF! indybay.org Rally at the Federal Building | Meet for the protest at 7th and Mission | Bart stop – Civic Center, exit 7th…

Labor Action Commitee To Free Mumia (2022-12-14). Friday 12/16: Free MUMIA! March! Oakland! indybay.org Oscar Grant Plaza | 14th and Broadway…

Labor Video Project (2022-12-14). UC UAW 2865 Strikers Support Railway Workers: Your Fight Is Our Fight! indybay.org UCSC UAW 2865 striker Christoper Geary spoke at a solidarity rally at UCB Sproul Plaza connecting the railroad struggle with the UC UAW strike. He is a supporter of | UCSC4COLA @payusmoreucsc…

United Front Committee For A Labor Party (2022-12-14). STOP Concession Bargaining! No COLA, No Contract! COLA & Housing for All Unions & Workers. indybay.org The United Front Committee For A Labor Party UFCLP opposes Concession bargaining No COLA/No Contract | COLA & Housing for All Unions & Working People | Time To Shut It Down With Mass Labor/Community Solidarity…

WSWS (2022-12-14). Australia: University of Newcastle pushes a non-union enterprise agreement. wsws.org The management has imposed a four-day electronic ballot, ending tomorrow, but the NTEU is continuing to isolate university workers, institution-by-institution, within the straitjacket of the Labor government's anti-strike enterprise bargaining laws.

WSWS (2022-12-14). Australian Labor government restricts COVID testing. wsws.org More reliable PCR tests will no longer be available for large sections of the population and those who are eligible will require a doctor's referral.

____ (2022-12-14). U.S. inflation climbs less than analysts expectations, but food prices rise. ecns.cn U.S. prices rose less than analysts' expectations in November, signaling that surging inflation may be slightly tamping down.

WSWS (2022-12-14). As inflation eases slightly, Biden and the Fed say recessionary interest rises will continue. wsws.org Biden's remarks echo the demands of Wall Street, which insists there be no let-up in the drive to to make the working class pay the cost of inflation by holding down wage increases.

____ (2022-12-14). Shenzhen sees record investment signings. ecns.cn The record-breaking investment deals sealed at Shenzhen's global investment promotion event showed global investor confidence in the Guangdong province metropolis.

WSWS (2022-12-14). New York Times covers up for Biden, Trump and other COVID-19 criminals. wsws.org At bottom, the death toll from the coronavirus pandemic does not result from a medical or health care crisis but from the subordination of public health to private profit.

Ian Angus (2022-12-14). Ecosocialist Bookshelf, December 2022. greenleft.org.au Climate and Capitalism editor Ian Angus presents six important new books on fungi, wheat, racism, building socialism and more.

____ (2022-12-14). Data must go through security assessment before leaving China. ecns.cn Core industrial, telecom and wireless data must be subject to security assessment before leaving China, according to a data management document unveiled by the Ministry of Industry and Information Technology.

Fight Back (2022-12-14). Philippines: Fight state terrorism. fightbacknews.org Fight Back News Service is circulating the following statement from the Communist Party of the Philippines. | The Party today joins the Filipino people and their broad democratic and patriotic forces in marking International Human Rights Day. We cannot overemphasize the significance of this year's commemoration of Human Rights Day as the Filipino people face increasingly worse forms of political repression under a government that employs its armed minions to terrorize the people. | The Philippines today is under a de facto martial law regime in which the Armed Forces of the Philippines (AFP) and the Philippine N…

Dave DeCamp (2022-12-13). Ukraine Says It Needs $1 Billion to Quickly Repair Energy Infrastructure. news.antiwar.com As Russian missile strikes have decimated Ukraine's energy infrastructure, Ukrainian Prime Minister Denys Shmyhal said Monday that Kyiv needs $1 billion to restore its power grid and heating systems. "The approximate cost of urgent help for the power sector stands at $500 million," Shmyahl told the Organisation for Economic Cooperation and Development, according to Reuters. …

WSWS (2022-12-13). To fight for the future we must fight for socialism! wsws.org These are the introductory remarks by Gregor Link, a member of the International Youth and Students for Social Equality in Germany, to the December 10 rally, "For a Mass Movement of Students and Youth to Stop the War in Ukraine!"

Staff (2022-12-13). Biden Hosts Summit of 49 African Leaders to Counter China & Russia's Growing Power Across Continent. democracynow.org Leaders from 49 African nations are in Washington, D.C., this week for a three-day summit organized by the Biden administration. The U.S.-Africa Leaders Summit comes as the United States is trying to counter the growing influence of China and Russia in Africa. On Monday, national security adviser Jake Sullivan announced a pledge of $55 billion in economic, health and security support for Africa over the next three years. President Biden is also expected to express support for the African Union to join the G20 and to push for the United Nations Security Council to include a permanent member from Africa. The summit…

Infobrics (2022-12-13). Zelensky's "2022 Person of the Year" title emboldens him to continue the war. infobrics.org Financial Times disingenuously compares Zelensky with Winston Churchill.

____ (2022-12-12). China moves to boost foreign investment, trade as COVID-19 measures adjusted. ecns.cn Many localities across China are moving fast to boost foreign trade and investment as the country has adjusted its COVID-19 response to facilitate the orderly recovery of normal life and production.

____ (2022-12-12). China sues US in WTO over chip export control measures. ecns.cn China took legal action against the U.S. in the WTO over chip export control measures on Monday, China's Ministry of Commerce (MOFCOM) said in a statement posted on its website.

____ (2022-12-13). China sues U.S. in WTO over chip export control measures. ecns.cn China took legal action against the U.S. in the WTO over chip export control measures on Monday, China's Ministry of Commerce (MOFCOM) said in a statement posted on its website.

En.mehrnews (2022-12-13). Iran, Chine presidents to meet in near future: minister. en.mehrnews.com TEHRAN, Dec. 13 (MNA) — Referring to the meeting between the presidents of Iran and China in the near future, Iran's Minister of Economy said that the agreements between the two countries will be implemented soon.

Jake Johnson (2022-12-13). As Inflation Cools, Experts Warn Powell to 'Think Twice Before Hiking Up Interest Rates Again'. commondreams.org "Experts from Nobel Laureate economists to business leaders agree: adding more fuel to the fire risks throwing our economy into a painful recession."

Anya Parampil (2022-12-13). US trial of Venezuela's Alex Saab exposes diplomatic espionage. thegrayzone.com Reporting from inside the federal courtroom where the US is prosecuting Venezuelan diplomat Alex Saab, The Grayzone learns of disturbing acts of diplomatic espionage. Saab's advocates insist he is imprisoned for violating Washington's economic blockade. Authorities in Praia, Cape Verde, opened official government communications which Venezuela intended for Iran, including a sealed letter sent by Venezuelan President Nicolás Maduro to Iran's Supreme Leader Ayatollah Ali Khamenei, following the arrest of Venezuelan diplomat Alex Saab in June of 2020. The revelations …

Barbara Slavin (2022-12-13). Dear America: Sanctions Don't Solve Problems. commondreams.org Harsh economic penalties rarely, if ever, work to change a targeted regime's behavior; so why do we still use them?

____ (2022-12-12). Businessmen, officials from China, U.S. call for strengthening trade, economic cooperation. ecns.cn Some 0 Chinese, U.S. businessmen and officials attending the 6th Annual Gala of the China General Chamber of Commerce-USA Chicago have called for strengthening trade and economic cooperation between the two sides.

Manager (2022-12-13). CEPR Spotlight: Sanctions. cepr.net In May of 2022, CEPR launched a new online newsletter: Economic sanctions have become one of the

Rep. Ron Paul (2022-12-13). The Mother of All Economic Crises. globalresearch.ca

WSWS (2022-12-13). Kash Kash and Robert Irwin: A Desert of Pure Feeling: A movie immersed in social life and one that drifts away from it. wsws.org A documentary about young men who can't escape Lebanon's economic and political crisis contrasts sharply with one about an artist who turns away from social engagement to mull "how we organize our consciousness."

Lowkey (2022-12-13). John Pilger exposes the Permanent War State. mintpressnews.com Veteran journalist John Pilger shares his opinion on political figures from U.K. Labour Party leader Keir Starmer, Wikileaks founder Julian Assange and Venezuelan revolutionary Hugo Chavez and reveals the truth about our political system and its addiction to war.

____ (2022-12-12). China-U.S. climate collaboration hailed despite difficulties. ecns.cn The potential for climate change collaboration between China and the United States has great significance for the world, although barriers remain, observers and experts have said.

____ (2022-12-13). Teamwork stressed on health crises. ecns.cn Infectious disease experts from the United States and China have put the case for collaboration on health threats, especially with the likelihood that public health emergencies will emerge at a faster pace in the coming decades.

Labor Action Commitee To Free Mumia (2022-12-13). Thursday 12/15: FREE MUMIA!!! March!!! SF 5pm! indybay.org Rally at the Federal Building | Meet for the protest at 7th and Mission | Bart stop – Civic Center, exit 7th…

Labor Action Commitee To Free Mumia (2022-12-13). Friday 12/16: FREE MUMIA!!!!! March!!! Oakland 12pm!! indybay.org Oscar Grant Plaza | 14th and Broadway…

Labor Video Project (2022-12-13). Hundreds of UC UAW Strikers March & Rally In Sacramento At Capitol. indybay.org Hundreds of striking UC UAW education workers marched and rallied in Sacramento against the union busting and refusal of the administration to meet their demands for living wages, a COLA and. housing.

Mark Gruenberg (2022-12-13). University of Chicago grad student workers file for NLRB-run election. peoplesworld.org CHICAGO —After university bosses rejected their request for voluntary recognition, aka card check, despite a supermajority of 2,000 union election authorization cards, graduate student workers at the elite University of Chicago filed for a National Labor Relations Board-run union recognition election. The Nov. 30 filing, by Graduate Students United-UE (GSU-UE), now affiliated with the United …

Matthew Daly, Michael Phillis, Jennifer McDermott, Maddie Burakoff (2022-12-13). Fusion breakthrough is a milestone for climate, clean energy. peoplesworld.org WASHINGTON (AP) — Scientists announced Tuesday that they have for the first time produced more energy in a fusion reaction than was used to ignite it — a major breakthrough in the decades-long quest to harness the process that powers the sun. Researchers at the Lawrence Livermore National Laboratory in California achieved the result, which is called …

WSWS (2022-12-13). Australian strike wave continues despite union suppression. wsws.org This surge of industrial action is taking place despite the combined effort of the unions and the Labor government to shut down workers' opposition to real wage cuts and attacks on their standard of living.

WSWS (2022-12-13). Australian election surveys point to "fracturing" political establishment. wsws.org Two reviews shed further light on the breakup of voting support for both Labor and the Liberal-National Coalition, especially among working-class and younger voters.

Colin Todhunter (2022-12-13). The Netherlands: Template for Ecomodernism's Brave New World? dissidentvoice.org Disaster capitalism and crisis narratives are currently being used to manipulate popular sentiment and push through a set of unpalatable policies that would otherwise lack sufficient political support. These policies are being promoted by wealthy interests that stand to make billions of dollars from what is being proposed. They seek to gain full control of food …

Rebekah (2022-12-13). How Colombia Will Tax the Wealthy. inequality.org

Sharon Zhang (2022-12-13). Musk Pledged $6B to Solve World Hunger But Gave It to His Own Foundation Instead. truthout.org Recently uncovered financial documents reveal that last year, as Elon Musk was taunting the United Nations over his choice to withhold $6 billion that he said he would donate to solve world hunger, the right-wing billionaire gave the money to a different source: his own foundation. Late last year, Musk donated roughly $5.7 billion worth of Tesla shares, as many wealthy people do through donor… |

William Minter, Zeb Larson (2022-12-13). Climate Loss and Damage: The Time to Act is Now. fpif.org As the U.S.-Africa Summit gets underway, here are some concrete, cost-free steps the U.S. can take to help poorer countries suffering the effects of pollution by wealthier countries.

Anders Lee (2022-12-13). To understand the Federal Reserve's inflation playbook, look to the 1979 Volcker Shock. therealnews.com The Federal Reserve has responded to runaway inflation with a spike in interest rates. The real cost of such measures is primarily paid by the working class, who are caught in a double-bind of rising prices of goods and falling wages. As TRNN has covered extensively in the past, the real culprits of rising inflation are multinational corporations and financial institutions, who have opportunistically raised prices, recycled billions of dollars in stock buybacks, and benefited from massive federal bailout packages. Why is the Federal Reserve squeezing workers, and how should the inflation crisis really be so…

Jake Johnson (2022-12-13). 'Corporate Greed at Its Worst': Top US Utility Giants Reap $14 Billion in Profits as Households Suffer. commondreams.org "Utility companies have chased higher and higher profits and enriched investors rather than keep prices stable for working families."

Jake Johnson (2022-12-13). 'Corporate greed at its worst': top US utility giants reap $14 billion in profits as households sufferÔøº. nationofchange.org "Utility companies have chased higher and higher profits and enriched investors rather than keep prices stable for working families."

Ramon du Houx (2022-12-13). Elected officials show support for a windfall profits cap on oil industry for price hikes. indybay.org State lawmakers and local elected officials urged legislation on a windfall profits cap on oil companies for the price gouging practices. The penalty would provide a rebate for CA consumers. Elected Officials to Protect America (EOPA) California local elected officials from frontline communities spoke about how their communities are being affected from gas prices as the oil industry continues to rake in billions of dollars in profits with no regard for how it hurts Californians, our climate and security.

Sharon Zhang (2022-12-13). Large Utilities Have Made $14B in Profits as Millions Fall Behind on Payments. truthout.org As millions of Americans have fallen behind on utility payments amid skyrocketing energy prices and inflation rates, top U.S. utility companies have made billions of dollars in profits, a new analysis shows. According to a report released Tuesday by Accountable.US, the nine largest U.S.-based utility companies made nearly $14 billion in the first three quarters of 2022… |

Julia Conley (2022-12-13). CFPB Applauded for Proposing 'Public Rap Sheet' for Corporate Criminals. commondreams.org The proposed registry would publicize court orders and legal actions against mortgage servicers, payday lenders, and other nonbank financial entities.

Dan Beeton (2022-12-13). Wild inflation? Not Anymore. A Closer Look Shows We're Already Approaching Normal. cepr.net Los Angeles Times See article on original site Do Americans understand what is happening with inflation in this country? This is an important question, because the public's perception can influence national policy and political choices. Before the midterm elections one month ago, 87 percent of likely voters told pollsters that inflation was extremely or very …

Nora Barrows-Friedman (2022-12-13). Has an Israel lawfare group declared open season on US students? electronicintifada.net Top US civil rights office stalls investigation into Palestinian student's discrimination claim.

Amy Goodman (2022-12-13). Outgoing Arizona Gov. Doug Ducey Is Building Illegal Border Wall. truthout.org Outgoing Republican Governor Doug Ducey of Arizona is spending nearly $100 million in his final weeks in office to erect a makeshift border wall along the state's southern boundary with Mexico made of shipping containers and razor wire. Ducey has described it as an effort to complete former President Donald Trump's border wall, but the shipping containers are being placed on federal and tribal… |

Staff (2022-12-13). AZ Governor Builds Illegal "Border Wall" of Shipping Containers & Razor Wire. Why Isn't Biden Stopping It? democracynow.org Outgoing Republican Governor Doug Ducey of Arizona is spending nearly $100 million in his final weeks in office to erect a makeshift border wall along the state's southern boundary with Mexico made of shipping containers and razor wire. Ducey has described it as an effort to complete former President Donald Trump's border wall, but the shipping containers are being placed on federal and tribal lands without permission. Protesters who have tried to block construction warn the wall is destroying precious desert biodiversity and forcing asylum seekers to take even more dangerous routes along the border t…

En.mehrnews (2022-12-13). Extension of deadline for 5th Technology Investment Meeting. en.mehrnews.com TEHRAN, Dec. 13 (MNA) — Due to the high request for registration and to maximize the participation of VCs and Startups, the deadline for registration for the TIM2023 has been extended to Saturday 31st December 2022.

Ramon du Houx (2022-12-13). Inaugural EOPA CA Climate Emergency & Energy Security Summit focused on offshore wind. indybay.org The Summit focused on the urgency for affordable clean energy security for all Californians — and highlighted energy solutions including scaling up offshore wind power. EOPA CA also supported Governor Newsom's windfall profits cap on oil companies that are price gouging Californians at the pump…

SP Editor (2022-12-13). The Biggest Criminal Enterprise in History. scheerpost.com By Tom Engelhardt | TomDispatch Author's note: I wrote this piece in May 2013, with a helping hand from the invaluable Nick Turse who came up with the word "terracide." In it, I focused on a planet warming far too quickly, thanks in significant part to the efforts of the giant fossil-fuel companies already profiting from …

Kenny Stancil (2022-12-13). Rev. Barber Tells Senate Dems to Bring Voting Rights, Minimum Wage, Abortion Bills to Floor. commondreams.org "You can't say the rules keep you from doing something when you have the power to change the rules," says Rev. Dr. William J. Barber II.

____ (2022-12-12). Chinese premier calls on China, ROK to jointly safeguard industrial, supply chains. ecns.cn Chinese Premier Li Keqiang on Monday called on China and the Republic of Korea (ROK) to make joint efforts to maintain the stability and smooth flows of regional and global industrial and supply chains.

____ (2022-12-12). Beijing and Seoul to strengthen their friendship and global peace. ecns.cn State Councilor and Foreign Minister Wang Yi said on Monday that Beijing is willing to work with Seoul to jointly safeguard the safety and smooth flow of industrial and supply chains, as well as maintain the international free trade system.

____ (2022-12-13). Nation builds momentum in computing power to drive industrial upgrading. ecns.cn In a world where computing power may become the next strategic competition area, China is expected to popularize computing applications into more industries for new momentum under the east-data-west-computing project.

Orinoco Tribune 2 (2022-12-13). Venezuelan Corn, Rice Growers Urge Gov't To Regulate Sector. orinocotribune.com The campesino protesters were received at the Agriculture Ministry but did not get a definitive answer to their demands. | Caracas, December 9, 2022 ( Small and midsize campesinos have denounced practices from agroindustrial groups and a lack of government policies that endanger their ability to produce. | Organizers reported around 200 participants in the mobilization, mostly coming from the agricul…

_____ (2022-12-13). Latest EU Graft Scandal Nets Greek Hottie and Points the Finger at Qatar. strategic-culture.org It's probably far-fetched and overzealous to think about doing away with the EU altogether. But ditching the parliament might be a good idea. | It's probably far-fetched and overzealous to think about doing away with the EU altogether. But ditching the parliament might be a good idea. | Here we go again. Another graft scandal in Brussels. Another EU boss caught with her fingers in the till. And the usual lame copy from euro hacks based in the Belgian capital, some of whom even believe they are journalists. But the arrest of a Greek socialist MEP, suspected of fraud, breaks a few records even for the most ineffect…

Morning Star (2022-12-13). South African Communists fight release of Chris Hani killer. peoplesworld.org The South African Communist Party (SACP) and the family of Chris Hani have announced that they will fight against the release of the anti-apartheid hero's killer in a human rights court. The SACP said on Saturday that they were "deeply disappointed" by the decision of the country's Constitutional Court to dismiss the application made by …

Hedelberto López Blanch (2022-12-13). Venezuela, encomiásticos pasos económico-políticos. globalizacion.ca Pese a bloqueos, sabotajes, agresiones armadas, intento de magnicidio y robo de riquezas en el exterior, Venezuela ha logrado evadir esas acciones lanzadas por Estados Unidos y otras naciones occidentales durante 23 años, y hoy se presenta ante el mundo…

Staff (2022-12-13). Reto viral: Encuentra la pelota de fútbol en solo 15 segundos. cubadebate.cu Miles de usuarios se fijaron en que la anciana realiza su labor entre tanto desorden, pero si eres perspicaz encontrarás esa pelota de fútbol. Las reglas de este viral son simples: Debes encontrar la pelota de fútbol escondida en la imagen en solo 15 segundos. Déjanos saber en los comentarios si lograste resolver el reto.

TeleSUR, DRL, JCM (2022-12-13). México será sede de la ronda de diálogo entre Colombia y el ELN. telesurtv.net Las representaciones del Gobierno de Colombia y del ELN destacan el ambiente respetuoso, transparente y cordial durante las semanas de labores.

Anonymous103 (2022-12-12). The Twitter Files: The Corporate Media Ignores The Biggest Story Of The Decade. southfront.org | Originally published on The biggest story of the past decade is not the covid pandemic, the January 6th protests, the war in Ukraine, the BLM riots, or even the stagflationary crisis in the US. Behind these major events is another story, one that connects them all together in a disturbing way. Even more important than the effects of geopolitical and economic chaos is the…

En.mehrnews (2022-12-12). US to continue providing Ukraine with military assisstance. en.mehrnews.com TEHRAN, Dec. 12 (MNA) — US President Joe Biden spoke with Ukrainian President Volodymyr Zelensky on Sunday, reiterating Washington's commitment to continue providing Ukraine with security, economic assistance.

Internationalist 360 ∞ (2022-12-12). U.S. Imperialism is Bringing Eurasia Towards a Repeat of World War II. libya360.wordpress.com Rainer Shea A reaction to Operation Z's impacts that I've seen from Marxists in the imperial center is one of alarm, in which it's appeared to them that Russia was reckless for deciding to intervene in Ukraine. They've seen Sweden and Finland's joining NATO, the crackdown on anti-imperialist sentiments, the further neoliberalization that the EU…

_____ (2022-12-12). Washington wants Europe's total Dependence on the US. journal-neo.org In March 2022, the Stockholm International Peace Research Institute (SIPRI) reported that "Europe is the new hotspot" of global arms import. While this development is attributed to the ongoing military conflict between Russia and Ukraine (US/EU/NATO), what's equally, or even more, important to understand is how most of this European purchase is coming from the …

Robert Griffiths (2022-12-12). Split between Venezuela's Communists and Maduro's ruling party deepens. peoplesworld.org CARACAS—Venezuela's economy is likely to grow faster than most this year and next, according to Credit Suisse. GDP is forecast to have grown by as much as 20% this year (the IMF reckons 6%), up from around 4% in 2021 (the IMF claims 0.5%), before easing down to 7 or 8% in 2023. But there …

____ (2022-12-12). Cities unveil policies to stimulate economic recovery. ecns.cn Several Chinese cities are introducing concrete steps to stimulate consumption and maintain stable economic growth amid optimization of the country's COVID-19 rules in recent weeks.

WSWS (2022-12-12). BIS warns of dollar debt "black hole" wsws.org The Bank for International Settlements has described the unseen borrowing used in foreign exchange markets as "huge, missing and growing."

WSWS (2022-12-12). BIS warns of dollar debt 'black hole'. wsws.org The Bank for International Settlements has described the unseen borrowing used in foreign exchange markets as "huge, missing and growing."

Dana Sanchez (2022-12-12). What Is PYF? Inside The Personal Finance Rule To Invest in The Future. moguldom.com Many financial planners consider the golden rule of personal finance to be pay yourself first (PYF) — the principle of automatically setting aside money from your income or paycheck as soon as you receive it so that you are doing something immediately to save for future emergencies, retirement or another type of savings. Legendary motivational …

Fight Back (2022-12-12). Homegrown workers win election with Unite Here Local 8. fightbacknews.org Seattle, WA – On December 8, workers at Seattle sandwich chain Homegrown won their National Labor Relations Board election to join UNITE HERE Local 8, a food service and hospitality union. With a vote count of 59-11 for their union, workers clearly showed they wanted a seat at the bargaining table. This election, representing 130 employees at ten different cafes, came after a separate vote by distribution drivers at Homegrown-owned company Catapult NW, who also voted to join the union. | Workers at the company went public with their campaign this July and have been fighting for increased wage and benefits, better…

WSWS (2022-12-12). Sri Lanka: Glenugie estate workers hostile to unions' collaboration with management. wsws.org Glenugie tea plantation workers are outraged after the CWC and NUW unions colluded with management to shut down a strike and enforce increased workloads. Two workers remain suspended for striking.

WSWS (2022-12-12). Australia and Japan boost military ties against China. wsws.org Australia's Labor government is presiding over an unprecedented expansion of collaboration with Tokyo, including plans to host Japanese fighter jets.

Ben Norton (2022-12-12). British empire killed 165 million Indians in 40 years: How colonialism inspired fascism. multipolarista.com A scholarly study found that British colonialism caused approximately 165 million deaths in India from 1880 to 1920, while stealing trillions of dollars of wealth. The global capitalist system was founded on European imperial genocides, which inspired Adolf Hitler and led to fascism.

____ (2022-12-12). U.S. politicians' insider trading a tip of the iceberg of systemic corruption. ecns.cn Nearly 100 members of the U.S. Congress had traded financial assets that intersected with their duty or reported similar transactions by some of their close relatives between 2019 and 2021.

Isheka N. Harrison (2022-12-12). Rep. Maxine Waters And Others On House Financial Services Committee Say Banks Profited From Slavery And Should Redress Past Wrongs. moguldom.com Banks were complicit in the atrocities of slavery by funding enslavers and should begin atoning for their participation in one of America's original sins. That's the viewpoint of Maxine Waters and other House Financial Services Committee members. Waters is chairwoman of the committee, which held a hearing on "The Role of Financial Institutions in the Horrors of …

Lily Meyersohn (2022-12-12). COVID Tragedy at Nursing Home Underscores the Deadly Risks of For-Profit Care. truthout.org New York Attorney General Letitia James recently filed a lawsuit against The Villages, a nursing home in Albion, New York, for years of financial fraud that resulted in the abandonment of the "most basic functions of care" for the nursing home's residents. An investigation conducted by the Office of the Attorney General found that from 2015 to 2021, the facility's owners received $86.4… |

Sam Pizzigati (2022-12-12). An invulnerable financial fortress on the sand?Ôøº. nationofchange.org Qatar has our world's attention, but nearby — and deeply unequal — Dubai might be charting our future.

Connor Vasile (2022-12-12). A Looming Elephant in the Room: Inflation. globalresearch.ca

Dana Sanchez (2022-12-12). Top Strategist For Bank Of America Discloses His Top Trades For 2023. moguldom.com Shorting U.S. tech stock is one of the top 10 trades for 2023, according to Wall Street bear Michael Hartnett, the chief investment strategist for Bank of America. Hartnett was arguably the most bearish but prescient voice on Wall Street in 2022, predicting not just the steep correction but also many of the bear market rallies, …

WSWS (2022-12-12). Two-year-old killed by household mould exposes UK-wide public health crisis. wsws.org This public health crisis is a symptom of a housing system in which the basic human right to shelter is subordinated to the rampant profiteering of private landlords and cost-cutting of central and local government.

WSWS (2022-12-12). US COVID death toll surges in third winter of the pandemic. wsws.org The elderly account for 92 percent of recent deaths, the byproduct of a deliberate policy of "culling" the population of those who do not contribute to corporate profit.

Staughton Lynd (2022-12-12). Our kind of Marxist: an interview with Staughton Lynd. mronline.org In my opinion, American capitalism no longer has any use for, let's say, 40 percent of the population. These are the descendants of folks who were brought over here in one way or another during the period of capital accumulation. They're now superfluous human beings.

Orinoco Tribune 2 (2022-12-12). Dakar Manifesto—Africa: From Resistance to Alternatives, 2001. orinocotribune.com By Black Agenda Report Nov 9, 2022 | The 2001 Dakar Manifesto had a simple but unassailable claim: the total and unconditional cancellation of the odious African debt. | Two recent incidents demonstrate in unembellished and unambiguous fashion how capitalism, to paraphrase the great Walter Rodney, continues to exploit and under-develop Africa. First, the UK's Serious Fraud Office convicted a subsidiary of the Anglo-Swiss multinational corporation Glencore of paying millions of dollars in bribes to state-owned companies in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan, in order to buy pri…

Orinoco Tribune 2 (2022-12-12). Dakar Manifesto: Africa: From Resistance to Alternatives, 2001. orinocotribune.com By Black Agenda Report Nov 9, 2022 | The 2001 Dakar Manifesto had a simple but unassailable claim: the total and unconditional cancellation of the odious African debt. | Two recent incidents demonstrate in unembellished and unambiguous fashion how capitalism, to paraphrase the great Walter Rodney, continues to exploit and under-develop Africa. First, the UK's Serious Fraud Office convicted a subsidiary of the Anglo-Swiss multinational corporation Glencore of paying millions of dollars in bribes to state-owned companies in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan, in order to buy pri…

_____ (2022-12-12). Why Venezuela Has Resisted While Many Leftist Presidents Could Not. popularresistance.org Objectively reviewing the history of our times proves that Chávez faced—and Maduro has continued to face—all the strategies, tactics, maneuvers, games, and schemes that the US empire and its satellites and lackeys have successfully used throughout the rest of the continent, among other ploys that have been used in other parts of the world. | Let's conduct a thorough count from memory: coups d'état, military riots, public uprisings by high-ranking military officers, strikes and sabotages of the productive industrial apparatus, denunciations of electoral fraud with violent protests, interference through…

____ (2022-12-12). China's fast-moving consumer goods market resilient despite COVID-19: report. ecns.cn China's fast-moving consumer goods (FMCG) sector showed a resilient performance despite the impact of COVID-19, an industrial report said.

Max Blau (2022-12-12). Gov. Jim Justice's Coke Plant Fined $925,000 for Polluting Black Neighborhoods. truthout.org This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. The owner of one of Birmingham, Alabama's oldest industrial plants has agreed to pay a nearly $1 million fine after releasing excessive amounts of toxic air pollution into nearby historic Black… |

Dave DeCamp (2022-12-12). Japan to Buy US-Made Tomahawk Missiles in Another Move Away From Pacifism. news.antiwar.com Japan is set to purchase hundreds of US-made long-range Tomahawk missiles in the latest sign that Tokyo is moving away from the pacifism that was outlined by its post-World War II constitution, The Washington Post reported on Monday. The purchase will give Japan long-range strike capability, breaking from the country's policy of only having weapons …

Internationalist 360 ∞ (2022-12-12). Kyeretwie Opoku: 'We Must Unite Our Continent'. libya360.wordpress.com Peoples Dispatch Kyeretwie Opoku, Convener of the Socialist Movement of Ghana addresses the West African People For A New World conference. Photo: WAPO conference In his opening address at the West African People For A New World conference in Ghana, Opoku discussed the necessity of building working class unity in the region Last week, members…

WSWS (2022-12-12). Democratic Socialists of America provide cover for UAW and Democrats as they move to shut down University of California strike. wsws.org The DSA is promoting the lie that Democratic Governor Gavin Newsom can be relied on to "intervene" on behalf of striking UC academic workers.

Norman Markowitz (2022-12-12). Manuel Tiago's 'A Line in the Sand': How to beat back a fascist coup. peoplesworld.org I remember reading accounts of àÅlvaro Cunhal, leading Portuguese Communist, in the U.S. after the 1974 military coup and popular uprising ended the long fascist regime of Salazar and his successors. Cunhal was often denounced as a rigid and dogmatic "Stalinist" and defender of the Soviet Union. Fortunately, I had already learned to question capitalist …

Staff (2022-12-12). Venezuela and Equatorial Guinea Agree to Increase Oil Cooperation. orinocotribune.com This Thursday, December 9, the foreign affairs minister of Equatorial Guinea, Carlos Faría, reported that the Caribbean nation and Venezuela will increase technical cooperation between their oil industries to boost the economic development of both nations. | The Venezuelan top diplomat announced through his social media accounts: "We agree to join efforts to increase the already initiated technical and scientific cooperation between PDVSA [Petróleos de Venezuela] and Gepetrol [Equatorial Guinea de Petróleo], in addition to continuing to develop the exchange of experiences of our oil industries in favor of the eco…

Staff (2022-12-12). øCómo La Estancia saldrá de sus apuros productivos? cubadebate.cu Este año, La Estancia ha dejado de elaborar productos que equivalen a 75 millones de pesos debido a la falta de financiamiento para adquirir el material de envase que demanda su tecnología Tetra Pak. Desde junio, la planta se mantiene prácticamente parada e incluso dejó de elaborar las compotas Osito que se distribuyen por la canasta familiar.

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