2024-08-11: News Headlines

ecns.cn (2024-08-11). Securities firms' merger to help industry grow. ecns.cn Consolidation among Chinese securities brokerage firms, propelled by central regulators' policy support and guidance, will allocate industry resources more rationally and lead to a rapid growth of securities firms, experts said.

ecns.cn (2024-08-11). Services seen as bright spot for economy. ecns.cn China has employed an array of policy measures to foster greater openness within the services sector, as the country aims to further boost consumption by improving the provision of more quality services, officials and experts said on Friday…

ecns.cn (2024-08-11). China files suit with WTO over EU's provisional anti-subsidy measures against Chinese EVs. ecns.cn China on Friday initiated dispute settlement proceedings against the EU's provisional anti-subsidy measures against Chinese EVs at the WTO to safeguard the interests of its electric vehicle industry's development and global green transition cooperation.

ecns.cn (2024-08-11). In Numbers: Ancient festival fuels the modern romantic economy. ecns.cn

Robert Kurz (2024-08-11). Totalitarian Economy and Paranoia of Terror: The Death Wish of Capitalist Reason. indybay.org While the financial capitalist crisis mechanisms of shareholder value threw billions of people into poverty and despair, the majority of the global intelligentsia mockingly sang the song of capitalist democratic optimism. They now have paid the price: When critical reason is silenced, its place is taken by murderous hate.

Ben Norton (2024-08-11). USA lets athletes cheat with steroids, as it accuses Russia & China of violating anti-doping rules. geopoliticaleconomy.com The World Anti-Doping Agency says the US has for a decade allowed athletes in international competitions, including the Olympics, to cheat by using prohibited drugs, while it hypocritically criticizes Russia and China.

noemail (2024-08-11). Bangladesh's Interim Government Faces Economic Revival Challenge. devdiscourse.com The interim government of Bangladesh, appointed after the fall of the Sheikh Hasina-led Awami League, faces the daunting task of reviving a faltering economy. Finance and Planning Adviser Salehuddin Ahmed, directed by interim leader Muhammad Yunus, highlighted the government's priorities, including banking reforms and restoring public trust.

ecns.cn (2024-08-10). China files suit with WTO over EU's provisional anti-subsidy measures against Chinese EVs. ecns.cn China on Friday initiated dispute settlement proceedings against the EU's provisional anti-subsidy measures against Chinese EVs at the WTO to safeguard the interests of its electric vehicle industry's development and global green transition cooperation.

ecns.cn (2024-08-10). Securities firms' merger to help industry grow. ecns.cn Consolidation among Chinese securities brokerage firms, propelled by central regulators' policy support and guidance, will allocate industry resources more rationally and lead to a rapid growth of securities firms, experts said.

ecns.cn (2024-08-10). In Numbers: Ancient festival fuels the modern romantic economy. ecns.cn

ecns.cn (2024-08-10). 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.

ecns.cn (2024-08-10). Services seen as bright spot for economy. ecns.cn China has employed an array of policy measures to foster greater openness within the services sector, as the country aims to further boost consumption by improving the provision of more quality services, officials and experts said on Friday…

Robert Kurz (2024-08-10). Totalitarian Economy and Paranoia of Terror: The Death Wish of Capitalist Reason. indybay.org While the financial capitalist crisis mechanisms of shareholder value threw billions of people into poverty and despair, the majority of the global intelligentsia mockingly sang the song of capitalist democratic optimism. They now have paid the price: When critical reason is silenced, its place is taken by murderous hate.

CADTM Afrique (2024-08-11). 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

newleftreview (2024-08-11). 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.

Alan Waring (2024-08-11). Is the Search for Justice Futile in Today's Tyrannical Climate? fairobserver.com We live in an era of increasing exposure to harmful threats and risks to individuals, groups, societies, nations and humankind. As the 2024 World Economic Forum Global Risks Report narrates, many of these hazards, whether natural or manmade, are made worse by the failure of public and private authorities to act decisively and appropriately. Many…

Chris Habiby (2024-08-10). End Israel's system of economic apartheid in Palestine. mondoweiss.net Often overlooked, Israel's intentional system of economically fragmenting and dispossessing Palestinians is an essential part of its plan to ethnically cleanse the land and deny Palestinian liberation.

CADTM Afrique (2024-08-10). 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

Caitlin Johnstone (2024-08-10). Nobody Would Vote For Any Of This Bullshit Without Extensive Manipulation. thealtworld.com One of the biggest lies we are sold in western politics is that election results paint an accurate picture of what the public truly wants. We are told that candidates who promote peace and economic justice lose elections because their platforms are unpopular with the wider public, as though the people are organically coming into worldviews which support poverty, inequality, war and militarism all on their own. | "Socialism just isn't popular!" we are told, as though we don't live under a capitalist empire that has spent generations violently stomping out socialism wherever it pops up and brainwashing the public i…

geo.tv (2024-08-10). Former YouTube CEO Susan Wojcicki's husband pens down heartfelt note following her death. geo.tv Susan Wojcicki, CEO of YouTube addresses delegates of the World Economic Forum in Davos, Switzerland. —REUTERSFormer YouTube CEO Susan Wojcicki's husband Denis Troper posted a heartfelt note after his wife's death on his Facebook handle on Saturday. "Her impact on…

Staff (2024-08-10). Challenging the Injustice: The impact of Article 341 on Muslim representation in India. muslimmirror.com By Zakir Hussain The Muslim community in India has faced numerous challenges in the educational and economic sectors since independence. A significant concern is the continuous decline in Muslim participation in government jobs, a trend that has been exacerbated by the religious restrictions imposed by Article 341 of the Constitution. These restrictions have created barriers …

Staff (2024-08-10). Challenging the Injustice: The impact of Article 341 on Muslim representation in India. muslimmirror.com By Zakir Hussain The Muslim community in India has faced numerous challenges in the educational and economic sectors since independence. A significant concern is the continuous decline in Muslim participation in government jobs, a trend that has been exacerbated by the religious restrictions imposed by Article 341 of the Constitution. These restrictions have created barriers …

Baba Aye (2024-08-10). Economic hardship sparks nationwide protest in Nigeria. links.org.au Baba Aye — Tens of thousands of people have trooped out on the streets across Nigeria in nationwide #EndBadGovernance protests against hardship and hunger, since 1 August.

newleftreview (2024-08-10). 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.

Author Blank (2024-08-10). 25, 50 and 75 years ago. themilitant.com August 30, 1999: | SASKATOON, Saskatchewan — An estimated 1,200 farmers organized convoys of farm vehicles, tractors, combines, and grain trucks along Saskatchewan highways Aug. 2, causing traffic delays of several hours. Farmers wanted to draw attention to the severe crisis hitting agriculture in this province and demand action from the federal and provincial governments. | Federal government statistics show that this will be the worst year for farm income since statistics were first recorded in 1926. Federal government cutbacks have meant that farm subsidies have been slashed on typical Saskatchew…

newleftreview (2024-08-11). 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.

Rhoda Wilson (2024-08-10). Stand Up to Racism: An organisation that stokes racism and xenophobia in the UK to overthrow parliamentary democracy. expose-news.com Ricky Jones, a 57-year-old Labour councillor from Dartford in Kent, has been arrested on suspicion of encouraging murder and charged with one count of encouraging violent disorder. The incident occurred during a …

WSWS (2024-08-10). New Zealand Labour Party feigns opposition to anti-China AUKUS military pact. wsws.org As the right-wing coalition government signals it will join the AUKUS, the Labour Party is feigning opposition in an effort to prevent the eruption of anti-war opposition in the working class.

newleftreview (2024-08-10). 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.

Ajamu Baraka, Black Agenda Report. (2024-08-10). US Rejection Of Venezuela's Democracy Vindicates Trump. popularresistance.org The dust-up on January 6, 2021, was nothing compared to an opposition in Venezuela calling for the nation's military forces to ignore the declaration of state authorities recognizing the result of their electoral process. Instead. they collaborated with external powers involved in ongoing illegal actions to undermine the state and its democratically elected leadership. | Even Donald Trump didn't attempt to institute a similar course of action following the 2020 elections. And even if he wanted to, it would not have been effective since then Joint Chief of Staff, Mark Milley, inserted himself into the local securi…

Chris Beck (2024-08-10). I Helped Organize An Architect's Union. progressive.org Here's how designers can build a stronger labor movement.

GABRIELLE PROSSER (2024-08-10). 'We say the working class needs its own party, a party of labor'. themilitant.com Minnesota: Thousands hear the SWP campaign program: | MINNEAPOLIS — "No offense, but how are you guys going to change things?" Steven Lutchen, a truck driver, asked Dennis Richter, Socialist Workers Party candidate for vice president, at a Hmong Farmers Market in St. Paul Aug. 4. "They won't give you any publicity." | "We're counting on what's beginning to change among working people," Richter replied, pointing to recent labor struggles, from flight attendants fighting for a new contract to the autoworkers strike last fall. | "We need to build a party of labor, to organize to fight in the interests…

Dongsheng Collective (2024-08-10). Introducing Wenhua Zongheng: International Journal on Chinese Thought. dongshengnews.org Dear reader, | Over the past year and a half, the Dongsheng team has been collaborating with Tricontinental: Institute for Social Research to publish the international edition of Wenhua Zongheng (ÊñáÂåñÁ∫µÊ®™), a leading journal of contemporary political and cultural thought in China. Founded in 2008, the journal publishes issues every two months, featuring articles by a wide array of intellectuals across the country and building a platform for discussion of different ideological positions and values in China's intellectual community. The…

WSWS (2024-08-10). Australian government has given secret "commitments" over AUKUS pact. wsws.org Even in the establishment press, the question is being raised of whether Labor has formally committed to participate in any US-led war with China.

Staff (2024-08-10). teleSUR anuncia el concurso "Sur Influyente" telesurtv.net El concurso invita a jóvenes, mayores de edad, creadores de contenidos a elaborar piezas audiovisuales de máximo 60 segundos en formato vertical (9: 16).

Cherri Murphy (2024-08-10). Community Ready Corps Video Exposes Extremists & Billionaires Behind Oakland Recalls. indybay.org The Oakland recall efforts aren't about public safety. They aim to spread misinformation and invoke fear. When you look at recall efforts nationally, you see that this strategy is a national attempt to maintain the status quo, and these efforts are backed by corporate interests, extremists, the wealthy, and police unions to resist the changes brought by those who were elected to do things differently.

Brian Williams (2024-08-10). Working people face continuing crisis of high prices, debts. themilitant.com "This is the most money we've ever made and this is the brokest we've ever felt," said Nicole Lewis, a mother of three who lives near Flint, Michigan, the Wall Street Journal reported July 30. Working as a medical assistant, she and her husband's combined pay rose after the pandemic. | But they still couldn't cover the persistent price hikes for everything from groceries to auto insurance. So like millions, they became dependent on using their credit cards, a giant profit-making bonanza for the big banks, which charge over 20% annual interest rates. | Trips to the beach and bowling alley are out, she told the Jou…

The Independent (2024-08-11). KITEEZI TRAGEDY: Museveni orders UPDF to join rescue. independent.co.ug Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has ordered the UPDF Special Forces to assist in the rescue at Kiteezi landfill that collapsed and killed unknown numbers of people. He also directed the State House Comptroller to financially assist the families of those who died with Sh.5million per person and Sh.1 million per …

presstv.ir (2024-08-10). US to provide Israel with additional $3.5bn in military aid amid Gaza war. presstv.ir The administration of US President Joe Biden has announced plans to send an additional $3.5bn to Israel to spend on US-made weapons and military equipment.

MEE correspondent (2024-08-10). Iranian press review: Execution of 2022 anti-establishment protester sparks outrage. middleeasteye.net Iranian press review: Execution of 2022 anti-establishment protester sparks outrage | Meanwhile, expert says Iran faces challenges in retaliating against Israel, Tehran says the New York Times acts as a propaganda tool for Israel, and industries experience financial setbacks due to power shortages |

Tim Anderson (2024-08-10). Five Myths About the Venezuelan Elections. orinocotribune.com By Tim Anderson — Aug 7. 2024 | Here is the lesson for future Venezuelan politicians: Will they join national institutionality or simply become the latest creatures of comprador coup culture? | In the global culture wars, there persists a notion that independent countries must somehow gain approval from large, predatory military or financial powers. This of course misses the point that the right to self-determination of peoples and the independence of nations presupposes separation from and resistance to those same imperial powers. | Ever since the phenomenon of Hugo Chavez in the late 1990s dispensed with t…

Vivian Sahner (2024-08-10). Fight for a world where children can prosper, not one without kids. themilitant.com In an Aug. 4 Financial Times column, Pilita Clark, an associate editor at the paper and Harvard graduate, joined the liberal chorus attacking Donald Trump's vice presidential candidate, J.D. Vance, for comments he made in 2021 about "childless cat ladies." | Few actually quote what he said. In an interview with Tucker Carlson, Vance said, "We are effectively run in this country via the Democrats, via our corporate oligarchs, by a bunch of childless cat ladies who are miserable at their own lives and the choices that they've made and so they want to make the rest of the country miserable too. How does it make sens…

Unicorn Riot (2024-08-10). Sport-washing, Militarization and Financial Scandals: A Brief Analysis of the Past Five Summer Olympics. unicornriot.ninja

WSWS (2024-08-10). Paramount Global to slash 15 percent of workforce as jobs disaster in film and television deepens. wsws.org The job cuts were long expected. The workers are being made to pay for the ongoing sharp crisis in Hollywood and the profit drive of Wall Street and other financial sharks.

noemail (2024-08-10). Kerala Seeks Central Aid for Climate Crisis Recovery. devdiscourse.com Kerala Chief Minister Pinarayi Vijayan on Saturday requested financial assistance from the Central government to aid in the rehabilitation of people affected by the recent massive landslides in Wayanad. He also called for support to tackle the mounting challenges of climate change.

scorinoco (2024-08-10). Central Bank: July Inflation in Venezuela Was 0.7%. orinocotribune.com The Central Bank of Venezuela (BCV) reported that in July 2024, the inter-monthly variation of the National Consumer Price Index (NCPI) in Venezuela was 0.7%, the lowest so far this year and the lowest for any month since this index was first launched in 2008. | View this post on Instagram | In a post on social media on Friday, August 8, the BCV explained that in the last three months, the accumulated inflation stood at 3.2%, the lowest since t…

scorinoco (2024-08-10). Central Bank of Venezuela: Inflation in July Was 0.7%. orinocotribune.com The Central Bank of Venezuela (BCV) reported that in July 2024, the inter-monthly variation of the National Consumer Price Index (NCPI) in Venezuela was 0.7%, the lowest so far this year and the lowest for any month since this index was first launched in 2008. | View this post on Instagram | In a post on social media on Friday, August 8, the BCV explained that in the last three months, the accumulated inflation stood at 3.2%, the lowest since t…

Oraily Madruga Rios (2024-08-10). Venezuelan Central Bank reveals inflation drops 0.7 percent in July. plenglish.com Caracas, Aug 10 (Prensa Latina) Venezuela's Consumer Price Index was 0.7 percent in July, the lowest value in 2024 and in the last 16 years since the indicator has been registered, the Central Bank revealed.

aljazeera (2024-08-10). Who is Pavel Rubtsov, the journalist released in Russia-West prisoner swap? aljazeera.com Dual Russian-Spanish citizen was greeted by President Putin last week after spending years in a Polish jail.

Staff (2024-08-10). Pretending Project 2025 Cuts Military Spending Is Weird. davidswanson.org In the August 4 San Francisco Chronicle, Brett Wagner, formerly of the U.S. Naval War College, and now adjunct fellow at the weapons-funded Center for Strategic and International Studies, writes that the "Department of Defense" section of the Heritage Foundation's "Project 2025" "envisions a world in which the U.S. slashes its military commitments and related …

noemail (2024-08-11). Hindenburg's Allegations Against SEBI Chief: The Adani Connection. devdiscourse.com Hindenburg Research has brought forth accusations against Madhabi Puri Buch, the current head of SEBI, alleging she and her husband had investments in offshore funds tied to the Adani Group. Buch and her husband have labeled these allegations as 'baseless' and an attempt at 'character assassination.'

tvbrics (2024-08-10). New land allocation proposal in Egypt targets to create more jobs and attract investment from various sectors. tvbrics.com Egyptian authorities are considering a new project to improve land management practices…

Jeff St. John, Canary Media (2024-08-10). Biden administration announces more than $2 billion in grants to boost US power grid. grist.org The U.S. power grid is overburdened and under-resourced — and the Biden administration just announced a major investment aimed at helping solve those problems. | The Department of Energy has offered $2.2 billion to eight projects across 18 states that could expand and strengthen the grid. The projects range from deploying grid-enhancing technologies that boost the capacity of existing power lines to building brand-new high-voltage transmission cables that will enable wind farms in the Great Plains and off the coast of New England to plug into the grid. | Tuesday's announcement represents another signific…

The Independent (2024-08-10). Table tennis players call for more investment in the game. independent.co.ug Jinja, Uganda | THE INDEPENDENT | A section of veteran table tennis players is calling for increased investment in the sport from both the government and private sector. They emphasize the need for greater focus on developing table tennis across the country, highlighting its potential for job creation and talent development. At this year's third edition …

tvbrics (2024-08-11). Centre for environment regulation in Saudi Arabia carried out more than 25,000 inspections. tvbrics.com The environmental check-ups were completed in the first six months of 2024…

noemail (2024-08-10). AIT Denounces China's Escalatory Regulations Against Taiwan Independence Advocates. devdiscourse.com The American Institute in Taiwan (AIT) has condemned China's newly introduced regulations targeting Taiwan's independence advocates, labeling them as "escalatory and destabilizing." AIT has called on China to engage in constructive dialogue with Taiwan and preserve the status quo that has maintained regional peace for years.

Edwin Fruit (2024-08-10). Endeavor Air flight attendants rally for parity in wages, benefits. themilitant.com MINNEAPOLIS — Chanting, "I don't know what you've been told, Delta's greed is getting old" and "Close the gap and it's a wrap," 40 flight attendants and their supporters rallied at the Minneapolis-St. Paul International Airport July 31. | These members of the Association of Flight Attendants-CWA fly for Endeavor Air, a commuter airline run by Delta. The union represents some 1,600 flight attendants at Endeavor. They are demanding parity in wages, benefits and scheduling with Delta flight attendants, who are not currently organized in a union. | "While those who work at mainline Delta received a small raise…

Jenny Ufer, Resilience. (2024-08-11). Towards A Degrowth Border Perspective. popularresistance.org What do we do with our borders? The right-wing shift in the European political climate in recent years has meant a higher degree of securitisation. At the same time, some are calling for border controls to be reduced or even abolished. Perhaps the answer lies in a change of perspective; a new outlook free from the shackles of capitalism and inspired by degrowth. | Recent national and European elections have marked a shift to the right in European politics. While the far-right Rassemblement National (National Rally, RN) failed to win a majority in France's parliamentary election, it will still be the most represen…

Ashley Smith, Michael Roberts (2024-08-11). The Persistence of Global Capitalism's Long Depression. cadtm.org

newleftreview (2024-08-11). 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.

Ashley Smith, Michael Roberts (2024-08-10). The Persistence of Global Capitalism's Long Depression. cadtm.org

newleftreview (2024-08-10). 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.

Staff (2024-08-10). US to provide $3.5 billion in additional military aid for Israel's war on Gaza. muslimmirror.com The US is preparing to give $3.5 billion to Israel to purchase American weapons and military equipment from a $14.1 billion supplemental bill approved by Congress in April, an official told Anadolu. "On Thursday, August 8 the Department notified Congress of our intent to obligate $3.5 billion in FY 2024 Foreign Military Financing using funding …

ecns.cn (2024-08-11). 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.

ecns.cn (2024-08-10). 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.

Rhoda Wilson (2024-08-11). UK government is supercharging its assault on free speech, both within the UK and globally. expose-news.com By criminalising open discussion and sharing of content online relating to the unrest in the UK, the new socialist UK government under TwoTierKeir, assisted by an ideologically two-tier police force, is suppressing …

scorinoco (2024-08-10). PSUV Leader Diosdado Cabello: We Have Submitted All Documents to the Supreme Court. orinocotribune.com The vice president of the United Socialist Party of Venezuela (PSUV), Diosdado Cabello, reported that the PSUV has delivered all the documents asked for by the Electoral Chamber of the Supreme Court of Justice (TSJ) regarding the July 28 presidential elections. | "The United Socialist Party of Venezuela and the comrades of the different parties of the Great Patriotic Pole, the alliance that nominated President Nicolás Maduro, attended the TSJ summons in recognition of its authority, of the authority of the Electoral Chamber in everything concerning the electoral issue," Cabello declared to the press after exiting…

Róger Calero (2024-08-10). 1952: Cuban farmworkers in a fight get help from Fidel Castro. themilitant.com Earlier this year the Militant received a letter from Javier Perdomo, one of the millions of working people caught up by the "enormous machine for grinding people up" that is the U.S. criminal "justice" system. That quote comes from Ramón Labañino, one of the five Cuban revolutionaries framed up by the FBI in 1998 for monitoring counterrevolutionary groups that operate in Florida and carry out attacks against Cuba. | Perdomo wrote about receiving the socialist newsweekly in the Florida prison where he is incarcerated. "I am grateful an issue of the paper fell into my hands. It spoke about Che, Fidel, and the work…

WSWS (2024-08-10). SEP (Sri Lanka) presidential election meeting: Fight for international socialism against war, austerity and dictatorship! wsws.org Only our party speaks the truth and explains to workers, the poor and young people the serious situation they confront and the necessity of fighting for a revolutionary socialist alternative.

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