(2024-08-09). As Stock Market Crashes, Is US Facing New Financial Crisis? popularresistance.org Is the United States on the verge of a potential new financial crisis? This is a question that financial analysts are asking after there was a market crash on August 5. It is being compared to the famous "Black Monday" crash in the stock market in 1987. They also both happened on a Monday. So is this another Black Monday? | This was the biggest market plunge since the beginning of the pandemic in 2020, when many investors were selling off their holdings, fearing that there was going to be a big recession. | In fact, as of the August 5th crisis, the volatility index, the VIX, which is a measurement of how rapidly…
(2024-08-09). China wrestles with 'quantity over quality' in generative AI patents. aljazeera.com China has filed for more patents than any other country, but US export controls are not its only hurdle.
(2024-08-09). Indian exports, small businesses hit by Bangladesh unrest. aljazeera.com Bilateral trade relations between India and Bangladesh have been drastically affected due to the current violence.
(2024-08-09). In Numbers: Ancient festival fuels the modern romantic economy. ecns.cn
(2024-08-09). Shenzhen to issue new offshore bonds in HK. ecns.cn The Shenzhen municipal government in Guangdong province will issue offshore renminbi-denominated bonds in Hong Kong for the fourth time since 2021.
(2024-08-09). China's CPI up 0.5% y-o-y in July. ecns.cn China's consumer price index (CPI), a main gauge of inflation, edged up 0.5 percent year-on-year in July, data released by the National Bureau of Statistic showed on Thursday.
(2024-08-09). Fall in Chinese growth indicative of mounting problems in global economy. wsws.org Data for the second quarter showed an annualised growth rate of 4.7 percent—the lowest in five months.
(2024-08-08). Why the BRICS Need to Focus on the Macroeconomy of the Global South. infobrics.org Despite the growing interest on the part of developing economies in the BRICS+ platform, as well as a rising prominence of the BRICS on the international stage there is a perplexing lack of coordination and discussion within the bloc of the macroeconomic agenda of mutual cooperation…
(2024-08-08). Why the BRICS Need to Focus on the Macroeconomy of the Global South. infobrics.org Despite the growing interest on the part of developing economies in the BRICS+ platform, as well as a rising prominence of the BRICS on the international stage there is a perplexing lack of coordination and discussion within the bloc of the macroeconomic agenda of mutual cooperation…
(2024-08-08). Report: US Warns Iran of 'Serious Risk' If It Launches Major Attack on Israel. news.antiwar.com US officials have issued a threat to Iran, warning of serious consequences to the Iranian economy and the country's new government if it launches a major reprisal attack on Israel for the killing of Ismail Haniyeh in Tehran, The Wall Street Journal reported Thursday. "The United States has sent clear messaging to Iran that the …
(2024-08-08). As Stock Market Crashes, Is US Facing New Financial Crisis? Economist Michael Hudson Explains. orinocotribune.com 
(2024-08-08). US court orders FTX to pay $12.7bn to customers. aljazeera.com The repayment order implements a settlement between the CFTC and the bankrupt crypto exchange.
(2024-08-08). Bangladesh economy under pressure amid 'uncharted' political turmoil. aljazeera.com Hopes that interim government under Muhammad Yunus can restore stability and address country's inequalities.
(2024-08-08). Xizang has lively first half in foreign trade. ecns.cn The Xizang autonomous region reported total imports and exports of 3.8 billion yuan ($529 million) in the first half of 2024, marking a substantial 132 percent increase, according to the customs office in Lhasa.
(2024-08-07). Sino-Australian trade ties deliver major benefits. ecns.cn Amid calls for greater cooperation between the two countries, latest analysis shows that Australia's trade with China has significantly benefited Australian households.
(2024-08-08). Sino-Australian trade ties deliver major benefits. ecns.cn Amid calls for greater cooperation between the two countries, latest analysis shows that Australia's trade with China has significantly benefited Australian households.
(2024-08-08). Kenya, China to further strengthen cooperation. ecns.cn China and Kenya have committed to strengthening bilateral cooperation ahead of this year's Forum on China-Africa Cooperation, or FOCAC, summit to be held in Beijing next month.
(2024-08-08). Markets rebound but volatility remains. ecns.cn Stock markets in Asia, Europe and the United States stabilized on Tuesday and Wednesday, after massive earlier volatility over fears that the US was heading for a recession.
(2024-08-07). Kenya, China to further strengthen cooperation. ecns.cn China and Kenya have committed to strengthening bilateral cooperation ahead of this year's Forum on China-Africa Cooperation, or FOCAC, summit to be held in Beijing next month.
(2024-08-08). Delivery drivers fear for their lives as far-right riots enter second week. mronline.org 
DELIVERY drivers in the gig economy are fearing for their lives because of the wave of far-right riots that continue across the country.
(2024-08-09). The fourth CADTM-Africa University, in coordination with the World March of Women (WMW) and the National Forum on Economic and Social Strategies (FNSES). cadtm.org
(2024-08-09). The Aquadome Lives On. counterpunch.org The economic repercussions of COVID-19 have dealt a heavy blow to intimate music venues in the U.S. and abroad. According to the music industry news platform Hypebot, "The UK lost 125 smaller music venues" in 2023, "and Australia lost 1,300 or one-third of its small and midsized music venues since the start of the COVID pandemic. While
(2024-08-09). Capitalism's Unequal Distribution Deprives You of True Freedom. counterpunch.org 
As the French economist Thomas Piketty most recently exposed, capitalism, across time and space, has always tended to produce ever-greater economic inequality. Oxfam, a global charity, reported that 2022's 10 richest men together had six times more wealth than the poorest 3.1 billion people on earth. The lack of democracy inside workplaces or enterprises is both a cause and an effect of capitalism's unequal distribution of income and wealth.
(2024-08-09). The US is Preparing for an Unwinnable War Against China. counterpunch.org 
In war, there are no winners— and in a war between the US and China, the entire world would lose. That's not just considering the mass loss of life that would occur, but also the reverberating effects of war that would sink millions into economic devastation, destroy the environment, and lead to widespread displacement and
(2024-08-09). UK Riots: Racism And Islamophobia Meets Community Unity. counterpunch.org 
The legacy left by the Conservatives after 14 years in government is not just economic stagnation, and the destruction of public services, it is social division, far right extremism and anger. Violence, racism and hate are the common language of far-right groups/individuals the world over, all of which has been writ large on the streets
(2024-08-09). Egypt's Minister notes importance of space partnership with China. tvbrics.com 
Egypt's Minister of Planning, Economic Development, and International Cooperation, spoke about possible areas of cooperation and the impact of the Egyptian-Chinese partnership on the national space programme…
(2024-08-09). Radhika Desai: Peak Hindutva? newleftreview.org As Modi's BJP loses its overall majority, Radhika Desai examines the part played by India's capitalist conglomerates in his rise—and the contradictions on which their strategy has foundered. The economic crisis of the parched countryside as brake on Hindutva's forward march.
(2024-08-08). New airport in Nicaragua will be able to handle 3.5 million travelers. plenglish.com Managua, Jul 8 (Prensa Latina) The Punta Huete international airport that Nicaragua will build in collaboration with China, will be able to receive 3.5 million travelers a year to boost the economic development of the country.
(2024-08-08). Brics Needs Common Values, Respect for Human Dignity. infobrics.org The Association for Welfare, Community, and Dialogue (Acid) welcomes the statement by Prime Minister Anwar Ibrahim that Malaysia is preparing to join the emerging economic group known as Brics…
(2024-08-08). Brics Needs Common Values, Respect for Human Dignity. infobrics.org The Association for Welfare, Community, and Dialogue (Acid) welcomes the statement by Prime Minister Anwar Ibrahim that Malaysia is preparing to join the emerging economic group known as Brics…
(2024-08-08). The fourth CADTM-Africa University, in coordination with the World March of Women (WMW) and the National Forum on Economic and Social Strategies (FNSES). cadtm.org
(2024-08-08). Nigerian Economic Crisis Underlines Mass Demonstrations. globalresearch.ca After weeks of anticipation, the #endbadgovernance campaign began on August 1 amid the worsening cost of living situation in the Federal Republic of Nigeria, Africa's most populous state. | The largely youth-led protests were met with fierce repression resulting in 13 …
(2024-08-08). Around the mountain. indybay.org Capitalism has reached its natural limits and is now beginning to collapse under its own weight…Financial capital is beyond control and social responsibility. It has no enemies to fear, it operates globally, marauding around the globe and leaving scorched earth in its wake…The portrayal of capitalism as the best and therefore only economic solution has become the general party doctrine.
(2024-08-08). Cuban authorities analyze socioeconomic requirements in Havana. plenglish.com Havana, Aug 8 (Prensa Latina) The Secretary of Organization of the Communist Party of Cuba, Roberto Morales, met today with authorities in the capital to evaluate results of the implementation of agreements and work priorities of the organization.
(2024-08-08). Japanese Rate Hikes Cause Colossal Losses in World Markets. fairobserver.com On Monday, August 5, the Japanese Nikkei stock market index dropped 12.4%, marking the worst day since the worldwide "Black Monday" crash of October 1987. This Monday, the US S&P 500 index lost 3%, while the tech-heavy Nasdaq lost 3.4%. The VIX index, a measure of volatility, reached 65, its third-highest reading in history. Only…
(2024-08-08). The Heat: Global Market Turmoil. america.cgtn.com 
Weak jobs numbers and recent speculation about a U.S. recession contributed to warnings that this year's stock rally may have gone too far. From New York to London and Tokyo, equities were hit hard. Wall Street's "fear gauge" dropped from 65 on Monday to about 28 on Wednesday, indicating that investor's fears were easing. What's behind the instability in global financial markets? | Joining the discussion: | John Gong is a Professor at the University of International Business and Economics. |
(2024-08-08). BRICS Gathered in Geneva to Discuss a New Digital Order. infobrics.org Experts and antitrust officials met in Geneva to propose solutions to the challenges faced by antitrust authorities in the digital markets of the BRICS countries to find common ground between them, especially in the area of regulation of digital platforms and AI…
(2024-08-08). BRICS Gathered in Geneva to Discuss a New Digital Order. infobrics.org Experts and antitrust officials met in Geneva to propose solutions to the challenges faced by antitrust authorities in the digital markets of the BRICS countries to find common ground between them, especially in the area of regulation of digital platforms and AI…
(2024-08-08). No Farms, No Food. wattsupwiththat.com Food freedom should mean open markets, farmer rights and ensuring this absolutely vital part of supporting humanity remains in the hands of many, not a few.
(2024-08-08). Why is the "Pro-Family" GOP Blocking Legislation that Would Help Lift Many Kids Out of Poverty? counterpunch.org Republican vice presidential nominee JD Vance told Megyn Kelly last month that Democrats are calling for an end to the Child Tax Credit because they are "anti-family and anti-kid." Vance, who has courted controversy for calling Democrats the party of "childless cat ladies," then declared, "We should send the signal to the culture that we
(2024-08-08). Workers Struggles: Europe, Middle East & Africa. wsws.org National walkout by nurses in Portugal and health workers in Germany, including doctors at some hospitals walk out over pay and conditions; strikes by nurses and other workers in Iran as protests continue against low pensions, poverty and social conditions; doctors' pay strike in Ogun State Nigeria as thousands protest food insecurity and lack of access to electricity…
(2024-08-09). The Supreme Court to the Homeless: Drop Dead! counterpunch.org 
So income from your three jobs won't cover your rent increase. There are no beds at the shelter and public housing has a waiting list decades long. You buy a tent and sleeping bag and move into a town park. This would have worked until June 28, when the Supreme Court essentially ruled that municipalities
(2024-08-09). Owen Hatherley: Labourism: In and Against? newleftreview.org Owen Hatherley on Andy Beckett, The Searchers. Interlinked portraits of the Labour Party's Bennite bloc, from 1968 to the Corbyn leadership.
(2024-08-09). More Black and brown MPs in parliament won't save us. thecanary.co On 4 July 2024, the UK elected the most diverse Labour Party government ending 14 years of Conservative hold. Over 40% of MPs are women, and 14% are from ethnic minority backgrounds. While this signals significant progress, we cannot assume simply having more diverse representatives will transform the deep-seated misogyny, sexism, and racism baked into […] | By
(2024-08-08). Far-right riots: UK Labour Party 'ordered MPs not to join anti-racist protests'. middleeasteye.net 
(2024-08-08). Mass protests erupt against UK's far-right: The way forward. wsws.org There can be no successful struggle against the far-right danger that does not base itself on the fight to mobilise the entire working class against the ruling capitalist class and the war and austerity agenda of its Labour government.
(2024-08-09). In endorsement of Harris for president, Association of Flight Attendants bureaucrats hail anti-strike Railroad Labor Act. wsws.org The invocation of the law used to ban a rail strike in 2022 as "pro-worker" in their endorsement exposes the bureaucracy's role as an agent of capitalist politics.
(2024-08-09). Australia: New South Wales public sector health workers reject Labor government wage cut. wsws.org The "no" vote by almost 5,000 Health Services Union members shows that health workers are ready to fight. But the union bureaucracy is hostile to any struggle for real improvements to wages and conditions.
(2024-08-08). My Brother, My Land: Tales of Palestinian resistance and return. newarab.com 
In a harmonious collaboration at preserving oral history, Sami Hermez provides the space for Sireen Sawalha to tell the story of her family in The title itself reflects the fact that there is no dividing Palestine from the people and their narratives. | "What I remember most from what my mother told me, is how people were walking in the opposite direction screaming at us to turn around," Sireen reflects at th…
(2024-08-08). From East To West Africa: The People Are Uprising Against Colonial Oppression And Corruption. popularresistance.org The time for Africans to reclaim their land, dignity, and future is now. The only means by which Africans can achieve liberation and self-determination is through collaborative unity, in the form of scientific socialism. A divided continent will only remain mired in the exploitation and degradation that has defined its very existence since the imposition of colonialism a century and a half ago.
(2024-08-08). Lack Of Worker Input Creates Bumps In The Road For EV Buses. popularresistance.org Electric buses are rolling out nationally, and promise to help clean up city air. California is leading the way, with more than 650 active vehicles in 2022, and has mandated a completely electric or hydrogen fleet by 2040. | But what happens when managers pick buses that can't drive up the hills? | Drivers and mechanics say bosses picked buses without regard for the requirements of the routes. Safety is also an issue. School bus drivers in San Francisco say their new EV buses have a fiberglass frame that puts a blinding glare in the rear view mirror. They also worry the bus frame, widened to fit large batteries,…
(2024-08-08). Dispatch From a Meatpacking Factory: "If We Unite as Workers, We Have the Power" truthout.org Dina Velasquez Escalante is a poultry worker in southwest Minnesota. She spends her workdays inspecting the chicken millions of Americans eat every day. She looks for tumors, stray bones and organs, and removes bile. After six years of hard work and cultivating expertise on almost every position on the line, she's now in the laboratory testing samples of poultry to ensure the highest quality. |
(2024-08-08). Vote "no" to sellout union-management agreement at Australia Post! wsws.org A "no" vote must be the first step in a fight against Australia Post's union- and Labor government-backed restructuring agenda.
(2024-08-08). High-tech textiles can protect workers from the heat — but not from their bosses. grist.org 
Nick Lubecki has been an urban farmer in Pittsburgh for the last 15 years. The heat has noticeably intensified over that time, with back-to-back summers of sweltering temperatures affecting when he harvests produce at Braddock Farm, a small urban plot nestled next to an operating steel mill that grows vegetables like lettuce, collards, and tomatoes. His current strategy for beating the brutal heat: a wide brim hat and plenty of water. Lately, farming consistently throughout the day has been "significantly more exhausting," he said. "It's really hard to keep going." | Summers are getting hotter everywhere, and…
(2024-08-09). A brief history of Britain's immigration. expose-news.com The story of Britain's immigration policy begins in 1948 when the government allowed those living in UK Dominions or Commonwealth countries to live and work in Britain in the same way native …
(2024-08-08). Sickening Profits‚Ää: The Global Food System's Poisoned Food and Toxic Wealth. expose-news.com The modern food system is heavily influenced by the pursuit of profit, leading to issues such as land loss, food insecurity, illness and environmental degradation. Large investment firms and agribusinesses profit from …
(2024-08-09). "Preemptive Nuclear War": The Historic Battle for Peace and Democracy. A Third World War Threatens the Future of Humanity. globalresearch.ca US nuclear doctrine consists in portraying nuclear weapons as a means of "self defense" rather than a "weapon of mass destruction". There are powerful financial interests behind Joe Biden's $1.3 trillion nuclear weapons program initiated under Obama.
(2024-08-09). China's CPI up 0.5% in July. ecns.cn China's consumer price index, the main gauge of inflation, rose 0.5 percent in July on a yearly basis, data from the National Bureau of Statistics showed on Friday.
(2024-08-09). Mainstream Media's Leading Warmonger: NYT Columnist Bret Stephens. counterpunch.org 
(2024-08-08). 'Raped by female soldiers': Palestinian in leaked Sde Teiman photo speaks out. middleeasteye.net 
'Raped by female soldiers': Palestinian in leaked Sde Teiman photo speaks out | The man in the famous photo, Ibrahim Salem, spent eight months in Israeli detention, where rape, electrocution and beatings were routine | | After spending eight months in Israeli detention, I…
(2024-08-08). EPA announces emergency order immediately suspending weedkiller DCPA. nationofchange.org The ban of the pesticide, dimethyl tetrachloroterephthalate and chlorthal-dimethyl, goes into affect immediately while the EPA begins the cancellation process, which will lead to a permanent ban of DCPA.
(2024-08-09). Insights | Robert Kuhn: New quality productive forces core of Chinese modernization. ecns.cn Robert Kuhn, Chairman of the Kuhn Foundation, analyzed that high-quality development driven by new quality productive forces is the core of Chinese modernization. Unlike the previous rapid investment return model, Kuhn believes investment in high-quality development will be measured in multiple years.
(2024-08-09). Investigation Exposes How Etsy Profits From Israeli Apartheid. popularresistance.org Etsy, the popular U.S.-based e-commerce website, is profiting from goods made and sold in Israel's illegal settler colonies in the occupied West Bank, a report published Wednesday revealed. | "Under the radar, Etsy—the popular online platform for selling and buying artisanal and vintage items, with a mission to 'keep commerce human'—has been profiting from businesses with shops in illegal Israeli settlements in the occupied Palestinian territory (OPT)," states the briefing, which was published by the Institute for Journalism and Social Change (IJSC), Global Justice Now, and War on Want. | "It's time t…
(2024-08-08). Are White Nationalists Behind The GOP's Worker Surveillance Push? levernews.com 
This election season, an anti-immigration nonprofit with ties to hate groups is pushing conservative lawmakers to expand a controversial worker surveillance tool that critics say is discriminatory and harms businesses and workers.At a recent American Legislative Exchange Council gathering of conservative lawmakers and corporate lobbyists, the nonprofit NumbersUSA hosted a workshop promoting E-Verify, a government website used to screen workers' immigration status. Mandating that employers use E-Verify would allow "state legislatures to take control of [the immigration] situation," said Andrew Good, NumbersUSA's…
(2024-08-08). Groveling at the Feet of Greed: How U.S. Politicians Sacrifice Lives for Profit and Power. libya360.wordpress.com Peter S. Baron Picture the strength of a unified populace, rejecting the exploitation and brutality inflicted in our name. We must rise together, in defiance of the so-called leaders who have sacrificed their integrity on the altar of capitalism. For every life shattered by their betrayal, for every dream crushed under the weight of their…
(2024-08-08). Bolivia begins adaptation to MERCOSUR regulations. plenglish.com La Paz, Aug 8 (Prensa Latina) Bolivians begin with optimism the adaptation of their legal system to the regulations of the Southern Common Market (MERCOSUR), after the entry into force of the Protocol of Accession to this integrationist bloc.
(2024-08-09). The Neo-Marxism of Malcolm Harris is Alive and Well in "Palo Alto" counterpunch.org 
Someone, I forget who, said "we're all Marxists now," and, while that might have been truer during the antifascist 1930s than at any other time in history, it is not true now. Marxism probably has as many if not more fierce foes today around the world, and from Hungary to Brazil, as it had during the height
(2024-08-09). Striking Dakkota auto parts worker in Chicago speaks out: "We are not making living wages" wsws.org There is widespread opposition by Ford Chicago workers to the possibility they will be forced to handle scab-made parts from Dakkota.
(2024-08-09). The Persistence of Global Capitalism's Long Depression. cadtm.org
(2024-08-09). Cédric Durand: Landscapes of Capital. newleftreview.org A critical engagement with the work of Brett Christophers, whose books—The New Enclosure, Rentier Capitalism, Our Lives in Their Portfolios and The Price Is Wrong—unfold a novel critique of the 'rentier stage' of contemporary capitalism, in the tradition of radical historical geography developed by Lefebvre, Harvey and Davis.
(2024-08-08). The Persistence of Global Capitalism's Long Depression. cadtm.org
(2024-08-08). Macron's moves to form right-wing French government expose bankruptcy of New Popular Front. wsws.org Mélenchon's New Popular Front won the July 7 legislative elections, but it is standing aside, making no appeal to mobilize the working class as Macron tramples upon the election result.
(2024-08-09). Terror Threats and Radicalization Down Under. counterpunch.org Bureaucrats tasked with protecting national security are often inclined to encourage insecurity. It's all part of the job prescription. The imperative is understandable if chillingly amoral: increased budgets are demanded to counter threats, however spectral; justifications for existing budgets needlessly bloated are always sought. In the Cold War, an old favourite was the teeth-chattering concern that the other
(2024-08-09). World's largest car carrier ship prepares to embark in Jiangsu. ecns.cn The world's largest car carrier ship was delivered in Nantong, east China's Jiangsu Province on Thursday, according to China Merchants Heavy Industry.
(2024-08-08). On Being a Patriot. dissidentvoice.org 
Journalist and political analyst Caleb Maupin put out a video "Scott Ritter's home raided by the FBI." Maupin affirmed his solidarity with Ritter, a staunch opponent of US militaristic support for Ukraine and Israel. Ritter's anti-imperialist stand is nothing new. He first came to wider attention with his opposition to US plans to attack Iraq …
(2024-08-08). Socialist Salvador Illa elected leader of Spain's Catalonia. aljazeera.com Illa's confirmation by Catalan parliament ends a decade of separatist regional rule in northeastern Spanish region.
(2024-08-08). In Vietnam, democracy means rule of the people. peoplesworld.org 
In the United States, most people are educated to understand that democracy means multi-party elections and that any country that does not have multi-party elections is repressive and undemocratic. However, democracy simply means "rule of the people" and doesn't necessarily have anything to do with multi-party elections. For example, the Socialist Republic of Vietnam is …
(2024-08-08). How Democracy Works in Vietnam. cpusa.org 
In the United States, most people are educated to understand that democracy means multi-party elections and that any country that does not have multi-party elections is repressive and undemocratic. However, democracy simply means "rule of the people" and doesn't necessarily have anything to do with multi-party elections. | For example, the Socialist Republic of Vietnam is a single party state that is also democratic. While this concept might seem confusing to many educated in "the West", it is quite true. On March 4th, delegates from the Communist Party USA's Hello Comrade Program met with Truong Thi Ngoc Anh,…