2023-05-27: News Headlines

Stephan Schulmeister (2023-05-27). Inflation in the Age of Finance Capitalism. indybay.org The shift of profit-striving from the real- to the financial-economy lowered economic growth Unemployment and atypical jobs soared. The welfare state was weakened. At the same time, financial wealth grew exorbitantly (the DAX increased 14-fold since 1988). The development of financial derivatives made possible profiting from short-term changes in stocks, currencies and bonds.

ecns.cn (2023-05-27). Digital tech in spotlight at expo. ecns.cn China will ratchet up efforts to leverage emerging digital technologies to further bolster industrial upgrading, and build basic systems for data, as part of its broader drive to promote high-quality development of the digital economy, and tap the value of massive data resources more efficiently.

Colin Todhunter (2023-05-26). What Was Covid Really About? Triggering A Multi-Trillion Dollar Global Debt Crisis. "Ramping up an Imperialist Strategy"? globalresearch.ca If it was indeed about public health, why close down the bulk of health services and the global economy knowing full well what the implications would be? And why mount a military-style propaganda campaign to censor world-renowned scientists and terrorise entire populations…

Dan Collyns (2023-05-26). Ecuador political crisis holds up trade deal with China. america.cgtn.com Ecuador and China signed a free trade agreement earlier this month that will deepen ties between the small Andean nation and the world's second-biggest economy. The trade deal needs to be ratified by Ecuador's parliament which is currently dissolved until fresh elections are held in …

ecns.cn (2023-05-26). Chinese, U.S. commerce ministers hold talks in Washington. ecns.cn China's Minister of Commerce Wang Wentao and U.S. Commerce Secretary Gina Raimondo held talks in Washington on Thursday, engaging in frank, professional and constructive exchanges on China-U.S. economic and trade relations as well as issues of common concern.

ecns.cn (2023-05-26). China's Commerce Minister meets with U.S. Commerce Secretary. ecns.cn China's Commerce Minister Wang Wentao met with U.S. Commerce Secretary Gina Raimondo in Washington on Thursday while Wang was attending the 2023 APEC Ministers Responsible for Trade Meeting, according to the ministry.

teleSUR (2023-05-26). Mexican Economy Grows 3.7% In The First Quarter – Inegi. telesurenglish.net Revised figures from the National Institute of Statistics and Geography (Inegi) released on Friday indicated that Mexico's economy grew 3.7 percent in the first quarter of the year compared to the same period in 2022. | RELATED: | Inegi reported last April 28 preliminary growth of 3.9 percent between January and March for the country's economy, the second largest in Latin America after Brazil. | Inegi's revision d…

teleSUR, rzr, SH (2023-05-27). Presidente mexicano congela vínculos económicos con Perú. telesurtv.net López Obrador también celebró la intervención de una comisión internacional que investiga la represión policial en Perú tras la destitución de Pedro Castillo.

Luis Linares Petrov (2023-05-27). Angolan organizations address Africa's challenges. plenglish.com Luanda, May 27 (Prensa Latina) The celebration of the Africa Day on May 25th led to analyses in Angola over the economic problems of the continent and the desires for social justice.

Boaventura de Sousa Santos (2023-05-26). The US empire and the complicity of intellectuals. indybay.org Interventions have always been dictated by the geopolitical and economic interests of the country. In fact, the United States is no exception to this rule. On the contrary, every empire acts in this way (see, for example, the invasions of Russia by Napoleon and Adolf Hitler). History also shows that imperial interests have often led to the suppression of aspirations for self-determination.

ecns.cn (2023-05-26). 'Broad' scope for Sino-Swedish biz ties. ecns.cn The prospects for economic and trade cooperation between China and Sweden are broad, said Ludvig Nilsson, chairman of the Swedish Chamber of Commerce in China.

infobrics (2023-05-26). US might use credit default to attack competitors. infobrics.org Increasing the debt ceiling won't save US from economic woes.

Kenny Stancil (2023-05-26). Among the GOP's debt ceiling hostages? Social Security payments for oldest Americans. nationofchange.org "The choice facing the executive branch is clear: Act or default; act or increase the suffering of millions; act or go into economic tailspin."

Kim Petersen (2023-05-26). Does China Have a Huge Problem Despite Impressive Economic Development? dissidentvoice.org The G7 has recently wound up its meeting in Hiroshima, and the participants joined to affirm their fear of the Threat of China. British media reported that prime minister Rishi Sunak said: "China poses the biggest challenge to global security and prosperity of our age with the 'means and intent to reshape the world order'." The …

Prof Michel Chossudovsky (2023-05-26). Biggest Lie in World History: There Never Was A Pandemic. The Data Base is Flawed. The Covid Mandates including the Vaccine are Invalid. globalresearch.ca Fake science was supportive of this devastating agenda. The lies were sustained by a massive media disinformation campaign. The historic March 11, 2020 lockdown triggered economic and social chaos Worldwide. It was an act of "economic warfare": a war against humanity.

ecns.cn (2023-05-26). Partnership poised for further economic growth. ecns.cn With the global financial scene evolving as Kenya pushes for stronger bilateral ties with its key trading partners, China remains among the top business and development partners for the East African economic powerhouse.

Vince Montes (2023-05-26). Towards a Multipolar World? Does "Global Realignment" Provide an Opportunity for Nations to Exercise Self-Determination? The Case of Puerto Rico. globalresearch.ca Do the emergence of a seemingly multipolar world and the declining power of the US (mainly its constant economic crises, falling rates of profit, recession, excessive debt, etc.) provide an opportunity for Puerto Rico and other nations to achieve self-determination?…

krish-rad_ind (2023-05-26). Seeds Of Economic Recovery Are Already Sprouting Roots In The Bronx. popularresistance.org

Luis Linares Petrov (2023-05-26). Kazakhstan will limit its integration to the economic field. plenglish.com Astana, May 26 (Prensa Latina) Kazakhstan is committed to limiting the integration processes in the Eurasian space to the economic sphere, without establishing unions with other states, said the spokesman for the Presidency of Kazakhstan, Ruslan Zheldibay.

Eesha Yaqoob, Saad Javed, Shehzad Ali Khan (2023-05-27). Correspondence] Trauma care in the face of climate change in Pakistan. thelancet.com The effect of climate change on society is broad and profound. Studies have shown that low-income countries face the greatest number of deaths due to disasters, with 33% of those deaths occurring in countries with the lowest human development indices.1 Extreme weather events have killed 10‚Äà000 people and caused US$4 billion of damage in Pakistan, which is continuously placed among the top ten most susceptible countries on the Climate Risk Index. The country is especially vulnerable to the effects of climate change due to its high rates of multidimensional poverty.

Joelle Fishman (2023-05-26). 1,700 Connecticut caregivers facing poverty go on strike at six group homes. peoplesworld.org HARTFORD, Conn.—Over 1,700 union group home and day program workers providing care for individuals with disabilities in six Medicaid-funded agencies across the state walked off their jobs on Wednesday, May 24, in an indefinite strike to end poverty. They are members of SEIU District 1199NE. After picketing in the morning, the caregivers moved to the …

Cara Brumfield (2023-05-26). Work Requirements Won't Solve Labor Shortages. progressive.org For decades, Republican lawmakers have sought to deny benefits to people experiencing poverty unless they can prove they are either working or actively looking for work. Now those efforts have been ramped into overdrive.

Labor Video Project (2023-05-27). SF Chronicle PMWG Workers Demand Justice & Living Wages In Protest. indybay.org Dozens of San Francisco Chronicle workers rallied at 12 noon on May 23 2023 to demand better wages and benefits. Many of the younger workers are forced to leave because of their income and the housing crisis.

Ruth Kutalek, Syed Masud Ahmed, David Kaawa-Mafigiri, Tamara Giles-Vernick (2023-05-27). Correspondence] Community engagement: learning from low-income countries. thelancet.com We welcome Winnie Byanyima and colleagues'1 comment on community pandemic response emphasising the importance of community-led efforts for pandemic prevention, preparedness, and response, and highlighting the central role of social sciences in achieving this goal. Indeed, multiple actors involved in epidemic response have advocated involving communities, stakeholders, and civil society organisations in epidemic response efforts,2 particularly because top-down interventions cannot tackle underlying structural shortcomings that lead to distrust, rumours, and non-compliance.

Luis Linares Petrov (2023-05-26). Russia denounces Western intentions regarding grain agreement. plenglish.com "The agreement was presented with the objective of reducing threats to food security and help countries in need in Asia, Africa and Latin America. However, it turned out to be a screen to facilitate exports to Western powers," the diplomat said during the 11th International Meeting of Senior Security Representatives. | According to the deputy minister, since August 1st, 2022, a total of more than 30.3 million tons of grain have been exported from the ports of Odessa, Yuzhni and Chernomorsk. "Most of the production, some 80 percent, went to high-income and above-average countries, including the European Union, wi…

The Lancet (2023-05-27). Editorial] Childhood as a commodity: ending child labour. thelancet.com Children continue to be exposed to physical harm and denied education while toiling for long hours in the world's wealthiest nations. Children as young as 12 and 13 years have been engaged in labour involving midnight shifts, dangerous machinery, and punishing physical demands across industries supplying some of the USA's largest corporations according to a harrowing New York Times investigation. Most had migrated, unaccompanied, from central America. Uncertain of their immigration status and some indebted to traffickers, many considered dangerous labour safer than deportation.

Black Rose Anarchist Federation + AK Press (2023-05-27). Tuesday 7/18: Book Launch: Anarchist Popular Power – Dissident Labor & Armed Struggle in Uruguay '56-76. indybay.org Tamarack Collective Bar + Restaurant | 1501 Harrison St. | Oakland, CA | 94612…

newsnetwork.mayoclinic (2023-05-27). Mayo neuroscientists discover unknown brain area involved in movement. newsnetwork.mayoclinic.org It's long been accepted that the part of the brain called the primary motor cortex controls body movements. Certain groups of cells direct specific movements — for example, of the feet, hands or tongue. The cells of the primary motor cortex are organized as a type of topographical map of corresponding body parts in the central sulcus, a fold in the brain's outermost layer called the cerebral cortex. Mayo Clinic scientists and their international collaborators…

teleSUR, jaa, YSM (2023-05-27). Transportistas italianos realizan huelga por derechos laborales. telesurtv.net La manifestación afecta los servicios ferroviarios, marítimos y de taxis.

Harm Venhuizen (2023-05-26). U.S. capitalism needs more cheap workers; Republicans respond by weakening child labor laws. peoplesworld.org MADISON, Wis. (AP)—Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, for more hours on school nights, and in expanded roles, including serving alcohol in bars and restaurants as young as 14. The efforts to significantly roll back labor rules are largely led by Republican lawmakers to address worker shortages …

Suzanne James (2023-05-26). Independent MP Judy Hannan speaks out on gambling reform, koalas and housing. greenleft.org.au Suzanne James spoke to newly-elected female Independent MP Judy Hannan about the opportunities for a progressive cross-bench with a minority NSW Labor government.

teleSUR, JDO (2023-05-26). Docentes y sanitarios españoles reclamarán mejores condiciones laborales. telesurtv.net Se estima que cerca de 78.000 trabajadores de ambos sectores se unirán a una huelga por mejores salarios y mayor inversión.

Harm Venhuizen (2023-05-26). U.S. capitalism needs more cheap labor; Republicans respond by weakening child labor laws. peoplesworld.org MADISON, Wis. (AP)—Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, for more hours on school nights, and in expanded roles, including serving alcohol in bars and restaurants as young as 14. The efforts to significantly roll back labor rules are largely led by Republican lawmakers to address worker shortages …

Brittani Banks (2023-05-26). A New Generation of Organizers Are Building Union Power in the South. independentmediainstitute.org Editor's Note: The following is the transcript of a special live episode of the Working People podcast. It was produced in collaboration with the Action Builder / Action Network team on March 21 in Atlanta, Georgia. In this panel discussion, Max speaks with local organizers about the specific challenges workers in the South face in …

CounterSpin (2023-05-26). Eric Thurm on the Hollywood Writers' Strike. fair.org CounterSpin230526.mp3 GQ ( This week on CounterSpin: Going on strike is something that people with no personal experience are comfortable depicting as frivolous and selfish. That extends to many corporate news reporters, who appear unable to present a labor action as other than, first and foremost, an unwonted interruption of a natural order. However else they explain the issues at stake, or humanistically portray individual strikers, the overarching narrative is that workers are pressing their luck, and that owners who make the…

Luis Linares Petrov (2023-05-26). Cuba signs collaboration agreement with Catalonia. plenglish.com Barcelona, May 26 (Prensa Latina) Cuba renewed the Collaboration Agreement with the General Council of Chambers of Catalonia, at the conclusion of a business visit to Spain that was described as "fruitful".

teleSUR (2023-05-26). Australia: 1st Portable Hydrogen Generator Developing. telesurenglish.net Researchers from Australia's national research agency have launched a project to develop the first portable green hydrogen generator in the nation. | Related: | On Friday, the Commonwealth Scientific and Industrial Research Organization (CSIRO) started a project with a funding of 10 million Australian dollars (around 6. 5 million U.S. dollars) that aims to design and construct an easily deployable device able to generate environmen…

F. William Engdahl (2023-05-26). Global Planned Financial Tsunami Has Just Begun. globalresearch.ca Green Energy mandates are driving this inflation crisis: global shortages of fertilizers, soaring prices of natural gas, grain supply losses, coupled with the global snowballing of defaults, bankruptcies, amid a soaring inflation.

_____ (2023-05-26). Britain At War-Provoking The Consequences. journal-neo.org On the 19th of May, the Financial Times quoted the British Minister of Defense, Ben Wallace, stating that the West could face the threat of full-scale war with Russia and China by the end of the decade and proclaimed defence preparation a paramount task for Western countries. One has to wonder what universe Mr. Wallace […] | –°–æ–æ–±—â–µ–Ω–∏–µ

Mickey Z. (2023-05-26). Doing Squats with John Gotti's Lawyer. dissidentvoice.org My first personal trainer job was a doozy. I launched my career at New York City's decadently scandalous Vertical Club — sort of the Studio 54 of gyms. On a nightly basis, I interacted with the Big Apple's financial/social elite (and their myriad hangers-on). As for celebrities, it was always veritable who's who — from …

WSWS (2023-05-26). Australian unions hail announcement of new Qantas boss. wsws.org As chief financial officer, Vanessa Hudson presided over a $1 billion cost-cutting plan during the pandemic, which included the destruction of "at least 6,000" jobs.

Owen Fairclough (2023-05-26). U.S. debt ceiling fight causing financial damage. america.cgtn.com The U.S. has a new deadline to solve the debt ceiling crisis: June 5. The Treasury Department says that's the day the country risks defaulting on its $31.4 trillion public debt if the ceiling isn't raised. But the crisis is already causing damage.

Internationalist 360 ∞ (2023-05-26). Britain at War: Provoking the Consequences. libya360.wordpress.com Christopher Black On the 19th of May, the Financial Times quoted the British Minister of Defense, Ben Wallace, stating that the West could face the threat of full-scale war with Russia and China by the end of the decade and proclaimed defence preparation a paramount task for Western countries. One has to wonder what universe Mr….

MEE staff (2023-05-26). Erdogan will show 'gratitude' to Gulf states for financial support after election. middleeasteye.net Erdogan will show 'gratitude' to Gulf states for financial support after election | Turkey is likely to be more dependent on Gulf states and Russia for financial support if Erdogan wins reelection | Fri, 05/26/2023 – 18: 50 | Turkish President Tayyip Erdogan (R), accompanied by his wife Ermine Erdogan, waves to supporters at AK Party headquarters in Ankara, Turkey, on 15 May 2023 (AFP) | Turkish President R…

teleSUR (2023-05-26). US Urges Debt Ceiling Agreement. telesurenglish.net U.S. Treasury Secretary Janet Yellen revealed on Friday that lawmakers have just over a week to reach an agreement on the debt ceiling before the federal agency runs out of funds and starts defaulting on its financial obligations. | Related: | The government will run out of money to pay its bills on June 5, triggering a dire default unless Congress raises the $31.4 trillion debt ceiling. | "Based on the most recent available data, we now estimate that the Treasury will…

ecns.cn (2023-05-27). Slow response worsens inflation control in U.S. ecns.cn At the forum, titled "The Fed: Lessons Learned From the Past Three Years", Bernanke and other high-profile economists analyzed the root causes of persistent inflation and formulated recommendations for policymakers.

teleSUR (2023-05-26). NYC Prohibits Discrimination Based on Weight or Height. telesurenglish.net On Friday, New York City Mayor Eric Adams signed into law a bill that prohibits discriminating against anyone based on their height or weight in employment, housing, or public places. | RELATED: | "No one should be discriminated against because of their height and weight. We all deserve equal access to employment, housing, and public spaces, regardless of our appearance," Adams said after signing a law promoted by Dominican-…

Nora Barrows-Friedman (2023-05-26). NY bill would stop charities from funding Israeli crimes. electronicintifada.net State-registered groups send at least $60 million a year to Israeli settler organizations.

John Bachtell (2023-05-26). Are lawmakers close to a deal to raise the debt limit? peoplesworld.org White House spokespeople and Republicans neared a deal yesterday that would hike the debt limit for two years while putting a ceiling on federal spending on everything except the military and veterans benefits for the next two-year period. That would prevent Republicans from holding the nation hostage again for the remainder of the Biden administration. …

progressive (2023-05-26). Smoking Gun: U.S. Military Spending, By the Numbers. progressive.org A visual breakdown.

Cristen Hemingway Jaynes (2023-05-26). 'Clean energy is moving fast': Investments in renewables will overtake fossil fuels for the first time this year, IEA says. nationofchange.org The global energy crisis that followed Russia's invasion of Ukraine, as well as the growing affordability of renewables, has given rise to more sustainable alternatives.

ecns.cn (2023-05-26). China criticizes G7's double-talk on decoupling. ecns.cn China has called on the Group of Seven not to abuse trade and investment restrictions and deliver on their commitments to not decouple from China, the Ministry of Commerce said on Thursday.

ecns.cn (2023-05-26). GBA promising prospect for overseas Chinese. ecns.cn Many investment and business opportunities have been created as Guangdong province goes all out to promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.

Ray Bailey (2023-05-26). How protests that double as trainings are growing this fossil fuel divestment campaign. nationofchange.org The activists represented a broad coalition of grassroots organizations that had come to Malvern to stage an intervention over Vanguard's $300 billion investments in fossil fuels.

Florence CGTN (2023-05-26). Fight for gender equity in the workplace. america.cgtn.com One of the world's largest investment banks, Goldman Sachs, recently agreed to a $215 million payout to settle a class action lawsuit brought against the bank by a group of women. They accused Goldman Sachs of paying male employees more than their female counterparts.

Talha Burki (2023-05-27). World Report] Non-profit to appeal in court dispute with Global Fund. thelancet.com A court case was dismissed for lack of jurisdiction, but the judge said that The Global Fund had intentionally smeared IRD, which supports tuberculosis care in Pakistan. Talha Burki reports.

WSWS (2023-05-26). Sri Lankan government's "let it rip" policy produces COVID-19 surge. wsws.org Colombo continues to cover up the growing danger of a new wave of the deadly COVID-19, while maintaining its criminal "let it rip" policies which place profits before human lives.

Rachel Hu, Chris Garaffa (2023-05-26). CovertAction Bulletin — Eyewitness: Horrors at the Border from Biden's Policies. covertactionmagazine.com What is the real impact of Biden's anti-immigrant policies on the border and where is the outrage? On May 11, the U.S. government's Title 42 regulation expired. It had been in place for three years and prevented nearly all people who sought asylum in the United States from applying for it…

WSWS (2023-05-26). San Francisco Chronicle writers hold lunch-hour picket to protest low wages. wsws.org The one-hour walk-out highlights the dire conditions facing news writers, and the need to unite their struggle with ongoing strikes in Hollywood and New York.

WSWS (2023-05-26). Australia: Telstra targets poor with price hike while slashing jobs and wages. wsws.org While increasing its lowest-cost mobile phone plans by 20 percent, Telstra is slashing hundreds of jobs and imposing real wage cuts.

CRD (2023-05-27). G7 Protest Against US-led War; Banko Brown's Murder; Turkey's Critical Elections By CRD. indybay.org Pacifica's Capitalism, Race and Democracy on G7 Protest Against US-led War; Banko Brown's Murder & Turkey's Critical Elections By CRD…

Peoples Dispatch (2023-05-26). On African Liberation Day, there is renewed focus on struggle against capitalism and imperialism. peoplesdispatch.org May 25 is African Liberation Day, marking the founding of the Organization of African Unity in 1963. 60 years later, the struggle against colonialism and neo-colonialism is not complete…

Tanupriya Singh (2023-05-26). Unity is an imperative: reclaiming African Liberation Day, 60 years on. peoplesdispatch.org African Liberation Day marks the founding of the Organization of African Unity in 1963. While the idea of 'liberation' has since been removed in letter, and even in spirit, from official commemorations of the day, radical forces have held onto it in their fight against capitalism…

WSWS (2023-05-27). Australia: 95-year-old Clare Nowland dies after police tasering. wsws.org Born in 1928, Nowland lived through the Great Depression, World War II and more than three years of the COVID-19 pandemic, but did not survive an encounter with NSW Police.

teleSUR, odr, YSM (2023-05-27). Inicia construcción de Planta de Bioinsumos en Santa Cruz, Bolivia. telesurtv.net La planta tiene el objetivo de industrializar fertilizantes para mejorar la producción agrícola.

Staff (2023-05-26). Matanzas: Avistada tromba en altura sobre zona industrial. cubadebate.cu Una tromba en la altura fue avistada hoy a la 1: 55 minutos de la tarde próxima a la zona industrial de esta ciudad cubana, situada a unos 100 kilómetros al este de La Habana, fenómeno que no ocasionó daños.

WSWS (2023-05-27). Erdoƒüan runs phony "anti-imperialist" populist campaign in Turkish elections. wsws.org Erdoƒüan can posture as an anti-imperialist and a friend of working people and refugees thanks to the political bankruptcy of his rival, Kemal Kƒ±lƒ±àßdaroƒülu.

Chris Hedges (2023-05-26). Bidding farewell to the American century. therealnews.com Like Cicero in the Roman Republic, there are always a handful of chroniclers who can see and articulate clearly the social, cultural, and political realities of empires in terminal decline. They call out the bankruptcy of an inept and corrupt ruling class, blinded by hubris, as well as a populace that has checked out of civic life and is entranced by bread and circus spectacles. In his trilogy Blowback, The Sorrows of Empire, and Nemesis: The Last Days of the American Republic, Chambers Johnson does a masterful job of showing how and why we are disintegrating. So does Andrew Bacevich, who, in his newest boo…

Freedom Socialist Party (2023-05-27). Wednesday 6/7: Feminists Fighting Transphobia. indybay.org New Valencia Hall | 747 Polk St. (at Ellis St.), San Francisco | Seven blocks from Civic Center BART, on or near Muni bus lines #5, 19, 27, 31, 38, 49…

Suds, Snacks, Socialism Forum Committee (2023-05-27). Saturday 6/3: Attack on Trans People: A Page in the Fascist Playbook. indybay.org Starry Plaugh Pub | 3101 Shattuck Avenue, Berkeley, CA 94705 | also online…

WSWS (2023-05-27). Video: Stellantis workers at Warren Truck Assembly Plant in Michigan support striking workers at Clarios. wsws.org This week, the World Socialist Web Site spoke to autoworkers at Warren Truck outside of Detroit about the ongoing strike of 525 Clarios workers in Ohio.

Daniel Woo (2023-05-26). Socialist Lalo Vargas announces campaign for CD14 in Los Angeles. liberationnews.org On May 20, in Lincoln Heights, Lalo Vargas, the first openly socialist candidate launched their campaign for Los Angeles City Council District 14 — contesting the seat of disgraced Councilmember Kevin de Leon.

Pablo Dávalos (2023-05-26). Inteligencia artificial, extractivismo digital y socialismo. globalizacion.ca En noviembre del año 2022, la empresa OpenAI, abría al público el acceso al programa de inteligencia artificial ChatGPT (por Generative Pretrained Transformer). A partir de entonces se desató una carrera por la inteligencia artificial entre varias empresas y varias…

Herman Michiel (2023-05-26). European Parliament to Join the Militarisation Path. socialistproject.ca The European Union is "in urgent war mode,"

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