Monthly Archives: August 2024

2024-08-09: News Headlines

Michael Hudson, Geopolitical Economy. (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…

aljazeera (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.

aljazeera (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.

ecns.cn (2024-08-09). In Numbers: Ancient festival fuels the modern romantic economy. ecns.cn

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.

ecns.cn (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.

WSWS (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.

infobrics (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…

infobrics (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…

Dave DeCamp (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 …

Ben Norton (2024-08-08). As Stock Market Crashes, Is US Facing New Financial Crisis? Economist Michael Hudson Explains. orinocotribune.com

aljazeera (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.

aljazeera (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.

ecns.cn (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.

ecns.cn (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.

ecns.cn (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.

ecns.cn (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.

ecns.cn (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.

ecns.cn (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.

Editor (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.

CADTM Afrique (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

Damon Orion (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

Richard D. Wolff (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.

Megan Russell (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

Graham Peebles (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

tvbrics (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…

newleftreview (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.

Elsy Fors Garzon (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.

infobrics (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…

infobrics (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…

CADTM Afrique (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

Abayomi Azikiwe (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 …

Gunther Sosna (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.

Elsy Fors Garzon (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.

Alex Gloy (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…

Anand Naidoo (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. |

infobrics (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…

infobrics (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…

Guest Blogger (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.

Justin Talbot Zorn — Mark Weisbrot (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

WSWS (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…

Eve Ottenberg (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

newleftreview (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.

The Canary (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

Imran Mulla (2024-08-08). Far-right riots: UK Labour Party 'ordered MPs not to join anti-racist protests'. middleeasteye.net

WSWS (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.

WSWS (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.

WSWS (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.

newarab (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…

Ferdinand Ibebuchi, Black Agenda Report. (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.

Audrey Elberger, Labor Notes. (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,…

Isabela Escalona (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. |

WSWS (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.

Ayurella Horn-Muller (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…

Rhoda Wilson (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 …

Rhoda Wilson (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 …

Prof Michel Chossudovsky (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.

ecns.cn (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.

Melvin Goodman (2024-08-09). Mainstream Media's Leading Warmonger: NYT Columnist Bret Stephens. counterpunch.org The New York Times has always favored Israel in its editorial writings, but no Times' columnist compares to Bret Stephens, whose writings are chauvinistic and bellicose., Stephens, a former editor of the Jerusalem Post and a supporter of all Israeli policies, left the Wall Street Journal to join the Times in 2017 because he believed Israel was not getting a fair hearing in the mainstream media. In doing so, he joined other Jewish columnists at the Times (Thomas Friedman, David Brooks, Paul Krugman, and Roger Cohen). However, these men brought some objectivity to America's Israel problem. Stephens has no limits in…

Mohammed al-Hajjar (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…

Ashley Curtin (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.

ecns.cn (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.

Brett Wilkins, Common Dreams. (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…

Helen Santoro (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…

Internationalist 360 ∞ (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…

Alina Ramos Martin (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.

Jonah Raskin (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

WSWS (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.

Ashley Smith, Michael Roberts (2024-08-09). The Persistence of Global Capitalism's Long Depression. cadtm.org

newleftreview (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.

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

WSWS (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.

Binoy Kampmark (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

ecns.cn (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.

Kim Petersen (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 …

aljazeera (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.

Amiad Horowitz (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 …

Eric Brooks (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,…

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2024-08-03: News Headlines

WSWS (2024-08-03). VIDEO: SEP (Australia) national secretary calls for workers and youth to put a socialist anti-war party on the ballot. wsws.org In this video, Cheryl Crisp urges viewers to support the Socialist Equality Party's campaign to provide the working class with a political voice, in opposition to the pro-genocide, pro-war Labor government and political establishment.

Max Elbaum (2024-08-03). The United States presidential election after Biden's withdrawal — The energy has changed. The underlying politics have not. links.org.au Max Elbaum — The mood among opponents of MAGA has shifted dramatically. But the electoral map hasn't changed, and the Gaza genocide continues. What does this mean for progressives and the socialist Left?

Hanny Al-Samkari, James B Bussel, Yoshi Miyakawa, Catherine M Broome (2024-08-03). Correspondence] Efgartigimod for primary immune thrombocytopenia: the ADVANCE IV trial — Authors' reply. thelancet.com We thank Jeremy W Jacobs and colleagues for their comments about the ADVANCE IV trial.1 Regarding efgartigimod and laboratory assessment of immunohaematologic parameters, the authors raise some intriguing approaches that could be investigated in the future. In clinical trials, efgartigimod has resulted in a 60—80% reduction of IgG concentrations from baseline,1,2 as has been observed with other neonatal Fc receptor inhibitors. Whether this reduction reaches the IgG concentrations required for the potential effect described by Jacobs and colleagues is unknown.

Jangu E Banatvala, Peter Muir, Will Irving, Emma Meader, Sandeep Ramalingam, Mike Kidd (2024-08-03). Correspondence] The role of the clinical virologist in pandemic responses. thelancet.com The UK Government's response to the COVID-19 pandemic has been widely criticised. In an Offline piece,1 The Lancet described the findings of the COVID-19 Inquiry as evidence of "criminal incompetence". Many of the people who advised the Government had little front-line experience in laboratory, epidemiological, and clinical aspects of infection. Although expert advisory groups could not be expected to accommodate all scientific specialties, it is unfortunate that clinical virologists, who have front-line expertise in diagnosis, infection control, and epidemiology, were not widely consulted on setting up the Natio…

Juan Garay, Elham Kateeb, Diana Zeballos, Luis Eugenio Souza, Steering Committee of the Sustainable Health Equity Movement (2024-08-03). Correspondence] Inequity in sustainable health today. thelancet.com The COVID-19 pandemic starkly highlighted health inequities disproportionately affecting socioeconomically vulnerable communities worldwide. Disadvantaged populations faced higher infection and mortality risks than advantaged populations, compounded by systemic inequities that treat health as a commodity. Overwhelmed health-care systems in high-income countries foreshadowed dire challenges for low-income and middle-income nations. Wealthier nations' stockpiling and profiteering led to an open letter to the UN, supported by over 120 entities representing five million public health professionals and advocates for t…

WSWS (2024-08-03). Australian Labor government whitewashes Israel's murder of aid worker. wsws.org The report into the killing of Zomi Frankcom is a straight repeat of IDF lies, underscoring Labor's full support for the murderous operations of the Zionist regime, including those directed against Australian citizens.

scorinoco (2024-08-03). President Maduro and 8 Former Candidates Attend Supreme Court Hearing, Far-Right Edmundo González Absent. orinocotribune.com Venezuela President Nicolás Maduro, along with eight former candidates for the July 28 presidential elections, went to the Supreme Court of Justice (TSJ) to sign a document in which they promised to comply with the commitment to collaborate with and abide by the decisions of the highest court of the country. | On Friday, August 2, President Maduro, Antonio Ecarri from Lápiz Alliance, José Brito from Primero Venezuela, Luis Eduardo Martínez from Acción Democrática and COPEI, Benjamín Rausseo from Conde, Javier Bertucci from El Cambio, Daniel Ceballos from AREPA, Claudio Fermín from Solutions for Venezuela, and Enr…

Greg Godels (2024-08-03). Searching for JD Vance. dissidentvoice.org What explains the meteoric rise of a little-known principal at an investment firm to one of the youngest, least politically experienced Vice-Presidential candidates in US history? How did Senator J. D. Vance rise from relative obscurity in 2016 to become the current running mate to Donald Trump? Simple: groveling service to the ruling class. In …

Rachel Fink (2024-08-03). These are the airlines cutting flights to Israel as regional tensions and prices skyrocket. haaretz.com So far, all U.S. airlines serving Israel, along with several European carriers, have suspended flights. El Al, Israel's flagship airline, is maintaining its regular schedule, but prices have soared…

newarab (2024-08-03). Ben Sedrine, ex-head of Tunisia's truth commission arrested. newarab.com In "This decision [to arrest Sedrine] was based on an investigation initiated by the investigating judge of the economic and financial judicial hub, following a complaint from a member of the Truth and Dignity Commission," said Mohamed Zitouna, spokesperson for the Tunis First Instance Court, to local radio Mosaique FM. | The Truth and Dignity Commission (TDC, or IV…

Duncan Freeman, Labor Notes. (2024-08-03). Leadership In AFSCME DC 37 Is Stifling Rank And File Engagement. popularresistance.org Members of District Council 37's Local 3005 in New York City say that attempts to mobilize their coworkers over the last two years have been stonewalled and met with apathy by union leadership. | Current and former members say that since the pandemic, they have presented proposals to create a membership committee, speak out about city budget cuts, fight for telework rights and other efforts and that all were slow-walked or shot down by the union's president Jeff Oshins. | Most recently, some members have wanted to introduce motions calling for a ceasefire in the Gaza Strip and for the New York City Employees' Ret…

Editor (2024-08-03). How Unelected Regulators Unleashed the Derivatives Monster — and How It Might Be Tamed. scheerpost.com By Ellen Brown / Original to ScheerPost "It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the great transformation of the U.S. commercial banks from traditionally conservative deposit-taking and lending businesses into providers of wholesale financial risk management and intermediation services." — …

Paddy Colligan (2024-08-03). Remembering Vietnamese hero Nguy·ªÖn Phú Tr·ªçng. workers.org Nguy·ªÖn Phú Tr·ªçng, General Secretary of the Communist Party of Vietnam, Secretary of the Central Military Commission of the Communist Party and Chairman of the National Assembly, died July 19, 2024, at the age of 80. Tr·ªçng was widely respected for his ideological contributions as well as his long leadership . . . |

aljazeera (2024-08-03). Vietnam President To Lam gets top job as Communist Party chief. aljazeera.com Lam has taken the nation's top job but it is unclear whether he will also remain president.

CADTM Afrique (2024-08-03). 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

Patrick Bond (2024-08-03). Corporate Corruption of South African Politics and Economics. cadtm.org

ecns.cn (2024-08-03). CPC Central Committee seeks opinions, suggestions from non-CPC personages on economic work for second half of this year. ecns.cn The Communist Party of China (CPC) Central Committee held a symposium at Zhongnanhai in Beijing on July 26 to seek opinions and suggestions from leaders of the central committees of non-CPC political parties, the All-China Federation of Industry and Commerce (ACFIC), and representatives of personages without party affiliation on the country's current economic situation and economic work for the second half of the year.

ecns.cn (2024-08-03). China taking steps to expand market access. ecns.cn China is taking significant steps to expand market access and encourage foreign investment across a wide range of industries such as finance, manufacturing and services, the Ministry of Commerce said on Friday.

ecns.cn (2024-08-03). China aims to expand FTAs. ecns.cn China is poised to expand its high-standard free trade zone network, with a focus on accelerating its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and advancing negotiations with multiple countries.

ecns.cn (2024-08-03). To Lam elected as Vietnam's party general secretary. ecns.cn Vietnamese President To Lam has been elected as general secretary of the Communist Party of Vietnam (CPV) Central Committee, according to a press conference here on Saturday.

ecns.cn (2024-08-03). Xi congratulates To Lam on election as general secretary of the Communist Party of Vietnam Central Committee. ecns.cn General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping on Saturday sent a message to To Lam, congratulating him on election as general secretary of the Communist Party of Vietnam (CPV) Central Committee.

Rhoda Wilson (2024-08-03). Official at the centre of the Olympic gender row worked at WEF and calls Kier Starmer an "old mate" expose-news.com Mark Adams, the spokesman for the International IOC who is vehemently defending the right for men to compete in Olympic women's boxing events, worked at the World Economic Forum for 10 years …

Rhoda Wilson (2024-08-03). Official at the centre of the Olympic gender row worked at WEF and calls Kier Starmer an "old mate" expose-news.com Mark Adams, the spokesman for the International IOC who is vehemently defending the right for men to compete in Olympic women's boxing events, worked at the World Economic Forum for 10 years …

Prof Denis Rancourt (2024-08-03). Spatiotemporal Variation of Excess All-cause Mortality in the World (125 countries) During the COVID Period 2020-2023 Regarding Socio-Economic Factors and Public Health and Medical Interventions. globalresearch.ca Summary: | We studied all-cause mortality in 125 countries with available all-cause mortality data by time (week or month), starting several years prior to the declared pandemic, and for up to and more than three years of the Covid period (2020-2023). …

Michael Webster (2024-08-03). The Looming Financial Crisis: An Urgent Warning. indybay.org The U.S. financial landscape is characterized by a complex interplay of economic indicators, market dynamics, and geopolitical factors. Recent trends suggest heightened vulnerabilities in various sectors, including housing, debt markets, and international trade…

Yaiyr Carter (2024-08-03). Intro To Black August by Yaiyr Carter. indybay.org Black August is about the kinds of resistance to white supremacy that is not limited by the bounds set by the ruling class and its collaborators.

Speak Out Socialists (2024-08-03). Friday 8/16: Our Society in Crisis: We Don't Have to Accept This! indybay.org 2727 California St. | Berkeley, CA…

Labor Video Project (2024-08-03). Arrest Billionaires Not The Homeless! Rally At SF City Hall To Protest Attack On Homeless. indybay.org

Michael Webster (2024-08-03). The Looming Financial Crisis: An Urgent Warning. indybay.org The U.S. financial landscape is characterized by a complex interplay of economic indicators, market dynamics, and geopolitical factors. Recent trends suggest heightened vulnerabilities in various sectors, including housing, debt markets, and international trade…

East Bay Democratic Socialists of America (2024-08-03). Monday 8/26: üåπ Divest From Apartheid: Teach-in. indybay.org EBDSA Office/Zoom – 1610 Harrison St Suite D, Oakland, CA, 94612…

Yaiyr Carter (2024-08-03). Intro To Black August by Yaiyr Carter. indybay.org Black August is about the kinds of resistance to white supremacy that is not limited by the bounds set by the ruling class and its collaborators.

Editor (2024-08-03). Spanish citizens revolt: 'Less tourism, more life'. mronline.org Spaniards across the country are protesting against the uncontrolled influx of tourists that has caused a collapse in quality of life, a jump in housing prices and a rise in the cost of basic necessities.

Editor (2024-08-03). U.S. economists 'expose' China's economy. mronline.org Bourgeois economists, ever ready to proclaim the impending demise of the socialist economic model in the People's Republic of China (PRC), find every opportunity to throw shade on China's economic system.

Gerardo Daumon (2024-08-03). The Havana Reporter /No 8 AGO 3, 2024. plenglish.com Discussions at the National Assembly of People's Power; approval of new laws; announcement of measures to face the serious economic crisis the country faces, and constant calls for unity in the face of the increasing hostility by the United States, are some of the topics featured in the August edition of The Havana Reporter. In …

Martin Hacthoun (2024-08-03). Cuba will increase sevenfold solar energy generation. plenglish.com Havana, Aug 3 (Prensa Latina) Cuba will reportedly increase sevenfold the generation of energy with the use of solar radiation through a macro investment program that is part today of the program to change its energy matrix and sovereignty on this field.

presstv.ir (2024-08-03). At least 13 killed in Nigeria protests against economic crisis. presstv.ir Nigeria's security forces have killed at least 13 people protesting against economic hardship, rights groups say.

presstv.ir (2024-08-03). Hundreds join pro-Palestine rally in Sydney attempting to disrupt NSW Labour conference. presstv.ir Hundreds joined pro-Palestine rally outside Sydney Town Hall demanding Australia's PM Albanese to speak for ceasefire in Gaza.

unitedEditor (2024-08-03). Venezuela: Logbook of a new victory. uwidata.com By Sergio Rodríguez Gelfenstein, Caracas, Venezuela The presidential election has concluded. They were long days of extreme tension in which the Venezuelan people were subjected to strong psychological pressure campaigns accompanied by enormous financial and media support for the opposition that included an action of digital terrorism against the National Electoral Council (CNE), preventing it …

WSWS (2024-08-03). Organise action committees to fight privatisation of Telecom, Insurance and Electricity corporations! wsws.org We cannot defend our jobs, wages and working conditions and improve them under these unions. We have no time to waste in organising a united struggle against the government's IMF austerity.

WSWS (2024-08-03). Intel slashes 15,000 jobs as US unemployment rate jumps to 4.3 percent. wsws.org The cuts at intel are only the latest in a global offensive against jobs, particularly through the use of new labor-saving technologies.

WSWS (2024-08-03). Way forward for Walmart Chile workers after union federation sells out mass strike. wsws.org The accumulation of obscene wealth by Walmart and the Walton family is a direct product of the super-exploitation of an underpaid workforce, which has been reduced from 2.3 million in 2020 to 2.1 million in 2024.

WSWS (2024-08-03). The way forward for Walmart Chile workers after union federation sells out mass strike. wsws.org The accumulation of obscene wealth by Walmart and the Walton family is a direct product of the super-exploitation of an underpaid workforce, which has been reduced from 2.3 million in 2020 to 2.1 million in 2024.

WSWS (2024-08-03). Top-level US-Philippine ministers meeting escalates war drive against China. wsws.org Blinken announced that the US would be providing $US500 million in additional military funding for the Philippines to "boost security collaboration."

Jess Spear (2024-08-03). Jess Spear (RISE, Ireland): Capitalism kills — The case for ecosocialism. links.org.au Jess Spear — We need to place an understanding of the ecological crisis at the centre of what we are doing. We are not just ecosocialists when we are campaigning about the environment and socialists the rest of the time.

Liliana Segura (2024-08-03). Bitcoin Bros and the MAGA Faithful Converge in Nashville — and Embrace an Alternate Reality. theintercept.com It was an hour before the motorcade was set to arrive in downtown Nashville, and the lady in the "Trump Save America" T-shirt was explaining why she hates Kamala Harris. "I'm not meaning to say I'm a prejudiced person," she began. Of the many ways to end such a sentence, none were promising. I assumed she would call the vice president a "DEI hire," as right-wing pundits had done all week. But she veered in a different direction. | Harris, the woman went on, believes in pushing homosexuality, transgenderism, and "people acting like cats and dogs." At her grandniece's public school in Kentucky, students identify…

noemail (2024-08-03). Innovations in Science: Fighting Dengue, Unveiling Mummy Mysteries, and Moon Discoveries. devdiscourse.com A Spanish laboratory is actively stemming the tide of dengue fever by breeding and sterilising thousands of tiger mosquitoes, as climate change accelerates their spread across Europe. Utilizing an electron accelerator, the Biological Pest Control Centre in Valencia sterilises approximately 45,000 male mosquitoes weekly to reduce the mosquito population by preventing females from transmitting diseases.

noemail (2024-08-03). Justin Timberlake's DWI Charge and Olympic Athlete's Financial Rescue. devdiscourse.com In a recent development, pop star Justin Timberlake has pleaded not guilty to a driving while intoxicated (DWI) charge during a court hearing in Sag Harbor, New York. Following his arrest in June for not obeying a stop sign and veering off lane, his driving privileges in New York have been suspended pending his next hearing on August 9.

Anand Naidoo (2024-08-03). The Heat: Global Economy. america.cgtn.com

newleftreview (2024-08-03). 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.

Holly Chik,Ralph Jennings (2024-08-03). Despite reforms, Vietnam remains a non-market economy, US declares. scmp.com US Commerce Department keeps the country on a list of12 nations so designated, including China and Russia, surprising some analysts.

Urban CNY News (2024-08-03). New York State Announces $17.2 Million To Strengthen Social Services that help Vulnerable Families Achieve Financial Stability. urbancny.com Governor's Family-Centered Services Initiative Supports Local Departments That Serve Hundreds of Thousands of Low-Income Families Across New York Initiative First Announced as Part of Governor's 2024 State of the State Governor Kathy Hochul on August 2nd, announced $17.2 million in awards through the Family-Centered Services initiative to strengthen social services that help vulnerable families achieve financial stability. This funding will help local social services departments throughout New York to hire more staff as they continue serving hundreds of thousands of low-income families statewide. "We're strengthe…

Kandy Wong (2024-08-03). China's EV, battery firms bolt into emerging markets as trade remains caustic. scmp.com Although China's electric vehicles are proving a sore spot for the US and EU, firms making the cars and their batteries are setting up facilities in emerging markets to meet a groundswell of demand.

The Independent (2024-08-03). Deputy Secretary to the Treasury: Loan repayments are chocking Uganda. independent.co.ug Kampala, Uganda | THE INDEPENDENT | Uganda has joined the international chorus urging for the reform of international financial architecture. The Deputy Secretary to the Treasury, Patrick Ocailap says reforming the international financial architecture is imperative to give developing countries like Uganda a fair chance to turn its immense potential into opportunities to overcome future challenges. …

Charles Rotter (2024-08-03). Exposing the Financial Web: Clinton-Run Organizations Funding Climate Activists. wattsupwiththat.com American voters who have bought tote bags decorated with pictures of Mrs Clinton or sweatshirts promoting abortion rights have inadvertently funded disruption in the UK.

UMMID (2024-08-03). Indonesia announces major crackdown on smoking, cigarette sales. ummid.com In a major crackdown on smoking, Indonesia on Wednesday banned cigarette sales to people under the age of 21 while announcing a new regulations to curb tobacco addiction.

newleftreview (2024-08-03). 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.

newleftreview (2024-08-03). 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.

Holly Chik,Ralph Jennings (2024-08-03). Despite reforms, Vietnam remains a non-market economy, US declares. scmp.com US Commerce Department keeps the country on a list of 12 designated nations, including China and Russia, surprising some analysts.

Pablo Rafael Fuentes (2024-08-03). Intercambia Primer ministro de Cuba con colaboradores en Angola. radiohc.cu La Habana, 3 ago (RHC) La compleja situación por la que atraviesa Cuba y las acciones para reimpulsar su economía centraron hoy el diálogo entre el primer ministro, Manuel Marrero, y una representación de los colaboradores de la isla en Angola.

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