2023-03-20: News Headlines

Ben Norton, Geopolitical Economy. (2023-03-20). China's Iran-Saudi Peace Deal Is Big Blow To Petrodollar. popularresistance.org China surprised the world on March 10, announcing that it had successfully sponsored peace talks between rivals Saudi Arabia and Iran. | Four days of secret negotiations in Beijing led to a historic agreement in which the two West Asian nations normalized relations, following seven tense years without any official diplomatic ties. | Iraq had previously hosted peace talks between Saudi Arabia and Iran, but these were sabotaged in January 2020 when US President Donald Trump ordered a drone strike to assassinate top Iranian official Qasem Soleimani, who had been involved in the negotiations.

ecns.cn (2023-03-20). Spring flowers boosts tourism in Xinjiang. ecns.cn A series of floral activities are being held in northwest China's Xinjiang Uyghur Autonomous Region as spring arrives. The blooming flowers have attracted tourists from all over China, which plays an important role in promoting the local economy.

ecns.cn (2023-03-20). Nation to expand financial sector's opening-up. ecns.cn China will further expand the high-level opening-up of its financial sector and advance institutional opening-up with regard to rules, regulations, management and standards, officials and financial experts said.

Ben Norton, Geopolitical Economy. (2023-03-20). China's Iran-Saudi Peace Deal Is Big Blow To Petrodollar. popularresistance.org China surprised the world on March 10, announcing that it had successfully sponsored peace talks between rivals Saudi Arabia and Iran. | Four days of secret negotiations in Beijing led to a historic agreement in which the two West Asian nations normalized relations, following seven tense years without any official diplomatic ties. | Iraq had previously hosted peace talks between Saudi Arabia and Iran, but these were sabotaged in January 2020 when US President Donald Trump ordered a drone strike to assassinate top Iranian official Qasem Soleimani, who had been involved in the negotiations.

ecns.cn (2023-03-20). Spring flowers boosts tourism in Xinjiang. ecns.cn A series of floral activities are being held in northwest China's Xinjiang Uyghur Autonomous Region as spring arrives. The blooming flowers have attracted tourists from all over China, which plays an important role in promoting the local economy.

ecns.cn (2023-03-20). Nation to expand financial sector's opening-up. ecns.cn China will further expand the high-level opening-up of its financial sector and advance institutional opening-up with regard to rules, regulations, management and standards, officials and financial experts said.

ecns.cn (2023-03-20). China starts to implement registration-based IPO system. ecns.cn China's registration-based IPO system is progressing at an accelerated pace, about one month after the country announced detailed mechanisms and regulations for institutional reform.

Ben Norton (2023-03-19). US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs. geopoliticaleconomy.com The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank's deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB's loans went to venture capitalist and private equity firms.

Ben Norton, Geopolitical Economy. (2023-03-19). Taiwan Separatists Lose Key Ally, Honduras Recognizes China. popularresistance.org The government of Honduras has announced that it is breaking formal diplomatic relations with Taiwan and recognizing the People's Republic of China. | Honduras' leftist President Xiomara Castro had pledged during her 2021 campaign that, if she won the election, she would recognize China. This March, she fulfilled that promise. | This means that just 12 United Nations member states have formal diplomatic relations with the so-called "Republic of China" on the island of Taiwan. | The other 99.51% of the global population live in countries that formally recognize that there is only one China, and that Taiwan is a pr…

ecns.cn (2023-03-19). Insights | Swaran Singh: Chinese modernization unique and has global significance. ecns.cn China's modernization has become a popular topic in recent years., Dduring an exclusive interview with China News Network, Professor Swaran Singh, who teaches International Relations at Jawaharlal Nehru University (New Delhi) and currently a visiting professor with University of British Columbia (Vancouver), gave his ideas on this topic, as well as topics on the global economy and China's roles in global governance.

ecns.cn (2023-03-19). Chinese researchers develop biodegradable, recyclable glass to promote sustainable economy. ecns.cn A group of Chinese material scientists created a biodegradable and recyclable form of glass with a minimal environmental footprint, which may contribute to the sustainable economy if commercialized in the future.

ecns.cn (2023-03-19). China's finance ministry imposes penalty on China Huarong, Deloitte. ecns.cn China's Ministry of Finance has imposed an administrative penalty on China Huarong Asset Management Co., Ltd. (China Huarong) and its auditor Deloitte for severe distortion of accounting information and serious auditing defects, respectively.

ecns.cn (2023-03-19). Car boot sale boosts night economy in NE China. ecns.cn Hundreds of people and cars decorated with colorful lights and eye-catching shop signs swarmed a local car boot sale bazaar in Shenyang, capital of northeast China's Liaoning Province on Friday.

ecns.cn (2023-03-20). Envoy: China-Russia trade ties advancing. ecns.cn Economic and trade cooperation between China and Russia is continuing to advance despite multiple challenges and pressures, Chinese Ambassador to Moscow Zhang Hanhui said.

WSWS (2023-03-20). Economic devastation worsens as Sri Lankan government imposes IMF austerity. wsws.org Wickremesinghe says the country will have to repay an average $7 billion in foreign loan debts annually until 2029, making clear that the regime functions as a direct agent of global finance capital.

ecns.cn (2023-03-19). (W.E. Talk ∑ In-depth) Pang Jun: How Does China's Road to Carbon Emission Reduction Avoid the "Climate Change Trap"?>. ecns.cn Is climate change a trap for western countries to restrict developing countries? Under the current technological level, carbon emission reduction surely hurts economic growth. In recent years, the United States withdrew from the Paris Agreement with the excuse of "severe finance and economic burdens".

Zoya Teirstein (2023-03-19). The Questionable Economic Calculus Behind the Willow Project. truthout.org This story was originally published by Grist. You can subscribe to its weekly newsletter here. President Joe Biden's decision to approve the massive Willow oil project earlier this week infuriated climate advocates and environmentalists while drawing praise from Alaska politicians and oil industry figures. As the Biden administration weighed the benefits and drawbacks of the project over the past… |

WSWS (2023-03-20). Updated report shows poverty in Germany is higher than previously thought. wsws.org The updated report shows that due to the coronavirus pandemic and inflation, poverty in Germany in 2021 afflicted almost 17 percent of the population, or just over 14 million people.

Kenny Stancil (2023-03-19). Minnesota Becomes 4th State to Provide Free Meals to All Kids at Public Schools. truthout.org Surrounded by students, teachers, and advocates, Democratic Minnesota Gov. Tim Walz on Friday afternoon signed into law a bill to provide breakfast and lunch at no cost to all of the state's roughly 820,000 K-12 pupils regardless of their household income. The move to make Minnesota the fourth U.S. state to guarantee universal free school meals — joining California, Maine… |

Asa Winstanley (2023-03-19). Martin Forde interview makes UK's fake media left squirm. electronicintifada.net Lawyer found racism in Labour was not treated seriously — apart from alleged anti-Semitism.

Karl Kramer (2023-03-20). Friday 3/24: State of Repression in El Salvador. indybay.org Redstone Labor Temple, | 2940 16th St, San Francisco, CA 94103 | (between Mission and South Van Ness, | half block from 16th St. BART)…

Labor Video Project (2023-03-20). Solidarity With East Palestine/Hunters Point & Nationalize The Railroads: Action in SF. indybay.org

Fight Back (2023-03-20). Students, community demands U of MN expand tuition program for native students. fightbacknews.org Minneapolis, MN – On Friday, March 17, over 50 students and community members gathered outside the Humphrey School of Public Affairs and braved the bitter winds to demand the University of Minnesota expand the Native American Promise Tuition Program and fund the American Indian Studies department. University of Minnesota Students for a Democratic Society (SDS) collaborated with the American Indian Student Cultural Center (AISCC) to organize this protest to fight for native students' rights. | Emcees from AISCC and SDS led chants and introduced the first speakers of the action. "The U of M is a land-grant institu…

Peter Boyle (2023-03-20). Video: Packed Marrickville Town Hall meeting calls on Labor not to repeat Iraq war mistake. greenleft.org.au A packed town hall meeting in Marrickville, at the heart of the Prime Minister's electorate, called on Labor not to repeat Iraq war mistake by joining the United States-led war drive against China. Peter Boyle reports.

Renfrey Clarke (2023-03-20). SA Labor blasted about its lack of public, affordable housing. greenleft.org.au A protest about soaring rents and a lack of housing affordability was organised outside Parliament House. Renfrey Clarke reports.

Luis Feliz Leon, Jane Slaughter, Labor Notes. (2023-03-19). It's A New Day In The United Auto Workers. popularresistance.org The machine will churn no more. Nearly 80 years of top-down one-party rule in the United Auto Workers are coming to an end. Reformer Shawn Fain is set to be the winner in the runoff for the UAW presidency. | As of Thursday night, Fain had a 505-vote edge, 69,386 to 68,881, over incumbent Ray Curry of the Administration Caucus. Curry was appointed by the union's executive board in 2021. There are around 600 unresolved challenged ballots. (This story will be updated with the final vote tally when we have it.) | "By now, the writing is on the wall: change is coming to the UAW," said Fain. "You, the members, have alr…

Staff (2023-03-19). Mipyme Marca Billy: Avalancha de gorras con la etiqueta #TeamAsere (+ Video). cubadebate.cu Alexei Batte Medina es dueño de la mipyme Marca Billy, dedicada a la confección de gorras y camisas personalizadas. A raíz del éxito del equipo Cuba en el Clásico Mundial, se decidió a comenzar a elaborar productos con la etiqueta #TeamAsere, pero nunca imaginó que fuera tanta la demanda y la popularidad. El periodista Luis de Jesús conversó con él.

teleSUR, SH (2023-03-19). Putin arriba a la ciudad de Mariupol en la región del Donbás. telesurtv.net El presidente Vladimir Putin visitó varias zonas de la ciudad portuaria de Mariupol y se entere de las labores de reconstrucción de la localidad.

Rick Rozoff (2023-03-19). Strategic Partnership: British foreign secretary follows Blinken to Kazakhstan. antibellum679354512.wordpress.com Astana TimesMarch 18, 2023 UK Foreign Secretary Visits Kazakhstan, Meets President Tokayev Also see: State Department's next Ukraine? Blinken in Kazakhstan. Kazakhstan is the United Kingdom's primary trading partner in Central Asia, Secretary of State for Foreign, Commonwealth and Development Affairs of the UK James Cleverly said during his meeting with President Kassym-Jomart Tokayev in …

Joel Richards (2023-03-19). Argentine inflation skyrockets over 100%. america.cgtn.com Argentina is used to high inflation. But the latest figures show that prices rose by over 100% in the past 12 months. That's the highest inflation in more than three decades.

WSWS (2023-03-20). Kroger-Albertsons grocery chain merger in US threatens job cuts as Wall Street eyes payday. wsws.org The $25 billion sale of Albertsons is driven by the financial interests of Cerberus Capital Management, a major investor firm hoping to cash in on a sale that will threaten thousands of jobs.

Staff (2023-03-19). The Financial Times: El suizo UBS pagará 2 mil millones por la compra de su rival Credit Suisse. cubadebate.cu El acuerdo se podría firmar este mismo domingo por la noche, antes de que abran los mercados asiáticos. Ni UBS ni Credit Suisse ni las autoridades suizas han confirmado esta información por el momento. El principal banco suizo habría presentado una oferta inicial de 1.000 millones de dólares que habría sido rechazada por considerarla demasiado baja.

Michelle Begue (2023-03-19). Grounded fleet at Viva Air worsens Colombia air transport. america.cgtn.com Colombian low-cost airline Viva Air has shut down due to financial difficulties and delays in its merger with Avianca, leaving passengers stranded in airports across the country.

ecns.cn (2023-03-20). Graduates told enough jobs if they aren't 'picky'. ecns.cn National lawmakers and political advisers have suggested that university graduates find employment at grassroots levels and make the most use of their skills in China's vast rural hinterlands.

ecns.cn (2023-03-20). China's fiscal spending remains strong in first two months. ecns.cn China's fiscal revenue dropped 1.2 percent year on year in the first two months of 2023, while its fiscal spending expanded 7 percent year on year, according to the Ministry of Finance.

ecns.cn (2023-03-20). Delegation of foreign consular corps, business communities in HK starts GBA tour. ecns.cn A delegation of foreign consular corps and business communities in China's Hong Kong Special Administrative Region (HKSAR) started a tour of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) on Sunday to seek business and investment opportunities.

Khubaka, Michael Harris (2023-03-20). 12th Annual Pan African Global Trade and Investment Conference returns to Atlanta, Georgia. indybay.org Everyone is welcome to join us in Atlanta, Georgia August 10-14, 2023 in Downtown Atlanta Olympic Village, Morris Brown College and key Agriculture locations.

Khubaka, Michael Harris (2023-03-20). Friday 3/24: Kickoff Celebration for the 11th Annual Pan African Global Trade and Investment Conference. indybay.org The Grand Buffet | 1215 J Street | Sacramento, CA. 95814…

WSWS (2023-03-20). Tyson announces plant closures in Arkansas and Virginia, impacting nearly 1,700 workers. wsws.org The company's announcement follows its report of a record drop in profits for the fourth quarter of last year.

Candice Norwood, The 19th. (2023-03-19). Report On Incarceration And Women Outlines The Gender Disparities. popularresistance.org Women represent about 9 percent of all incarcerated people in the United States, but data about their circumstances is spotty at best. We do know that in recent decades, imprisonment rates for women have increased dramatically, growing at twice the pace of men's incarceration. A report published this month by the nonprofit think tank Prison Policy Initiative (PPI) provides one of the most comprehensive recent assessments of the realities facing women and girls held in the country's prisons and jails. | PPI teamed up with the American Civil Liberties Union to pull data from several government agencies, which can o…

Maurizio Guerrero (2023-03-19). Advocates Call for Regulatory Change After Blocking Deportation of Woman in Coma. truthout.org This story was originally published at Prism. After community members and nonprofit organizations forced a hospital in Allentown, Pennsylvania, to halt the deportation of an immigrant woman in a coma to the Dominican Republic, advocates are now pushing local and state elected officials to regulate so-called medical deportations: the involuntary removal of undocumented immigrants unable to pay for… |

Khury Petersen-Smith (2023-03-19). We Need to Talk About Gun Manufacturers. truthout.org There is a familiar pattern after the mass shootings that have become a well-known feature of American life. The initial shock and grief gives way to demands for greater regulation of gun ownership by Democrats, while Republicans dismiss such measures and blame mental illness instead. But if we actually want to do something about it, we need to have new conversations. We often talk about where and… |

WSWS (2023-03-20). Staffing crisis and declining wages after sellout of New Zealand rail workers. wsws.org The WSWS spoke with a worker about conditions on commuter trains in the capital city, where COVID-19 is out of control and the Rail and Maritime Transport Union recently imposed significant wage cuts.

Julia Wallace, Left Voice. (2023-03-19). Teachers And Education Workers Set To Strike! popularresistance.org Los Angeles, California – On Wednesday March 15, tens of thousands of teachers and education workers rallied at the steps of Los Angeles City Hall. The joint rally of K-12 teachers (UTLA) and education support staff (SEIU 99) was organized to announce plans for both unions to go on strike, with SEIU 99 taking the lead in the fight for better wages, improved staff to student ratios, and an end to harassment by administrators. The mood was lively, with a mariachi band made up of teachers playing for the crowd, teachers and support staff dancing to the music, and pockets of teachers and education workers striking up…

newsnetwork.mayoclinic (2023-03-20). Consumer Health: Don't let the time change get you down. newsnetwork.mayoclinic.org For much of the U.S. and many places around the world, daylight saving time begins Sunday, March 12, when clocks are turned forward one hour. Sleep provides the foundation for all your daily habits and decisions. Getting enough quality rest each night is essential for optimal health. Regularly sleeping less than seven hours per night is associated with weight gain, diabetes, high blood pressure, stroke and depression. Lack of sleep also can affect your immune system and heart health. But a time shift ‚Äï…

ecns.cn (2023-03-20). Nation in big drive for core tech in key fields. ecns.cn One of the ministry's top priorities during the 14th Five-Year Plan (2021-25) period is to advance the modernization of industrial chains and encourage companies to develop core technologies, such as high-end semiconductor equipment.

ecns.cn (2023-03-19). Winners of China's top industry awards unveiled. ecns.cn The seventh China Grand Awards for Industry were announced on Sunday, with 19 Chinese enterprises and 19 projects named as winners.Li Yizhong, chairman of the federation, said that these enterprises and projects are expected to help drive the formation of an innovative industrial system in the country.

Staff (2023-03-19). Venezuela's National Anti-Corruption Police Detains 4 High-Level Officials, More Arrests Expected. orinocotribune.com The National Anti-Corruption Police of Venezuela detained four high ranked officials in an special operation, as part of a new mission of the Venezuelan government against corruption at judicial, municipal, and industrial levels. | Among the detainees are Cristóbal Cornieles, president of the Caracas Criminal Judicial Circuit, and José Maxcimino Márquez García, 4th anti-terrorism judge of the Circuit. | The investigation against these officials stems from the release of Oswaldo José Cheremos Carrasquel, alias El Pelón Cheremos, a member of the notorious criminal gang Tren del Llano, on January 9. This information…

Isabella Arria (2023-03-20). El neoliberalismo y autoritarismo de Macron disparan una nueva revuelta en Francia. globalizacion.ca La reforma de las pensiones propuesta por el presidente Emmanuel Macron no cuenta con el respaldo de los franceses. Y, ante la falta de apoyos, el mandatario decidió este jueves aprobar la nueva norma por decreto, es decir, sin someterla…

WSWS (2023-03-20). Workers object to Australian SEP candidate being barred from speaking to flood victims. wsws.org Flood victims and WSWS readers denounce the ban on the Socialist Equality Party holding discussions with residents of government "pod" accommodation.

Zach Farber (2023-03-20). Revolutionary socialist Chicago City Council candidate makes waves in election. liberationnews.org Rather than running for her own personal political career, Santoyo made it clear from the start that she aimed to build a movement that demands justice and dignity for the working class.

Charles Pierce (2023-03-19). Attack on Antiwar Activists Exemplifies Russophobia Among "Leftist" Apologists for Western Imperialism and a Fascist-Loving Regime. covertactionmagazine.com CounterPunch podcaster Eric Draitser has published a hit piece attacking veteran anti-war activists Medea Benjamin and Nicolas J. S. Davies in the form of a review of their new book, War in Ukraine: Making Sense of a Senseless War. His review, published on January 27 by an obscure avowedly socialist online magazine named Tempest, and …

WSWS (2023-03-19). UK Royal Mail posties contact WSWS to describe brutal conditions and collusion of Communication Workers Union with management. wsws.org The World Socialist Web Site received further correspondence over the weekend from postal workers around the country. They are speaking out against the crushing increase in workloads facilitated by the collusion of the Communication Workers Union with Royal Mail.

JANET (2023-03-19). International Working Women'S Day March 8 in pictures. iacenter.org By Kathy Durkin March 18, 2023 European socialists established this special day in 1910 to build solidarity among women workers around the world. They knew that in order to achieve real liberation for women workers and oppressed people that an anti-capitalist struggle must be waged, and that only socialism could ensure their rights would be upheld and expanded. During this International Women's History Month, Workers World sends solidarity to women workers, people of all genders and oppressed people around the world. Click to view slideshow. [* FULL CAPTION: Women in Manila, the Philippines fight for workers' rig…

Neil Clark (2023-03-19). The War on Yugoslavia 24 years Ago: Milosevic Exonerated by the ICTY, as the NATO War Machine Moves on. globalresearch.ca On the 24th of March 2023, the people of Serbia will be commemorating NATO's illegal and criminal invasion of Yugoslavia. | . | Twenty-four years ago in the early hours of March 24, 1999, NATO began the bombing of the Federal Socialist …

Staff (2023-03-19). Cuba, elecciones, calculadores y cálculos. cubadebate.cu Están entusiasmados con la idea de que el pueblo cubano, al que bombardean con la seguidilla de un sistema socialista ineficaz, elitista e incapaz y de una revolución traicionada, se lance a una ´insurrección ª silenciosa de ausencia a las urnas, o de boletas anuladas o en blanco. Se les hace la boca agua con el despropósito de que acabe de ocurrir en Cuba, cuya irredencia y resistencia histórica los tiene hasta la coronilla, lo que es una regularidad en otros procesos electorales en el mundo: un voto de castigo.

Chuck Tripp (2023-03-20). A Message From Utah USA to China With Love. indybay.org March 10, 2023 is the 64th anniversary of the Dalai Lama's flight from Tibet to Nepal to escape imprisonment by Mao Tse Tung's Communist Chinese regime.

Danny Haiphong, Black Agenda Report. (2023-03-20). China's Example Of Leadership Injects Hope Into A World Of Uncertainty. popularresistance.org On the one-year anniversary of the Russia-Ukraine conflict, China released a position paper on the path forward to peace. U.S. Secretary of State Antony Blinken claimed that the peace proposal lacked credibility and questioned China's commitment to the sovereignty and international law. Just weeks after China released its position on peace in Ukraine, Blinken was proven wrong. Saudi Arabia and Iran agreed to reestablish relations on March 10 after a round of successful talks that took place in Beijing. | Wang Yi, director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Centra…

ecns.cn (2023-03-19). HKSAR, Macao SAR chief executives support formation of Hong Kong and Macao work office of CPC Central Committee. ecns.cn Chief Executive of the Hong Kong Special Administrative Region (HKSAR) John Lee and Chief Executive of the Macao Special Administrative Region (SAR) Ho Iat Seng on Thursday expressed firm support for the formation of the Hong Kong and Macao work office of the Communist Party of China (CPC) Central Committee.

Shane Burley (2023-03-19). Fascists Are Attempting to Win Followers by Rebranding as Antiwar. truthout.org The idea of a political coalition that mixes self-identified communists with neo-Nazis may seem implausible at first. However, a February 19 rally in Washington, D.C., branded as an effort to "Rage Against the War Machine," brought together dissident parts of the left and the right into common opposition to the U.S. and North Atlantic Treaty Organization's (NATO) role in Russia's war on Ukraine. |

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