Daily Archives: October 14, 2024

2024-10-14: News Headlines

Ben Norton, Geopolitical Economy. (2024-10-14). Global South Denounces Genocide; Nicaragua Ends Relations With Israel. popularresistance.org More and more countries in the Global South are cutting relations with Israel, accusing it of committing genocide against the Palestinian people in Gaza. | United Nations experts have stated that there "are reasonable grounds to believe that the threshold indicating the commission of the crime of genocide … has been met", adding that "the genocide in Gaza is the most extreme stage of a long-standing settler colonial process of erasure of the native Palestinians". | Scientific experts have estimated that 186,000 Palestinians will die due to Israel's war of extermination on Gaza, representing roughly 8% of the po…

WSWS (2024-10-14). Boeing strikers denounce "fear tactics" after company announces layoff of 10 percent of global workforce. wsws.org In court Friday, Boeing argued it deserved a lesser penalty for two fatal crashes because it is a "pillar of the national economy and the national defense."

Damon Orion (2024-10-14). Mapping the Solidarity Economy. counterpunch.org In July 2024, the Council Office of Financial Analysis (COFA) reported that Chicago, Illinois, was witnessing a struggling job market, a decrease in multifamily housing starts, and a rise in single-family home prices. The following month, the City of Chicago's 2025 Budget Forecast projected a $982.4 million budget gap for the fiscal year. Budget gaps can often result in

Nnimmo Bassey (2024-10-14). The 'Blue Economy' Myth: We Have to Stop Thinking the Ocean Can Be Run Like a Business. counterpunch.org Many maritime crimes negatively impact oceanic health, such as illegal fishing or harvesting, ocean dumping, and polluting. In addition to overfishing, where necessary species are removed from the food chain, and accelerating biodiversity loss, unsustainable industrial development along coastlines has also contributed to ocean pollution. "All of these threats erode the capacity of the ocean to provide nutritious food, jobs, medicines, and pharmaceuticals as well as regulate the climate," stated a 2020 article in the journal Nature. "Women, poor people, Indigenous communities, and young people are most affected."

Nnimmo Bassey (2024-10-14). The 'Blue Economy' Myth: We Have to Stop Thinking the Ocean Can Be Run Like a Business. counterpunch.org In response to the increasing global demand for resources and the economic pursuits that come with it, attention on the world's oceans continues to grow. But how should marine resources be properly managed? The blue economy is the umbrella term that looks at the planet's oceans from an economic perspective and refers to the sustainable

aljazeera (2024-10-14). Poorest countries in worst financial shape since 2006, World Bank says. aljazeera.com Low-income countries still poorer than they were before the COVID-19 pandemic, report finds.

tvbrics (2024-10-14). South Africa welcomes over 5.8 million international tourists in 2024. tvbrics.com International tourism contributed approximately US$5.46 billion to the country's economy in 2023…

Adam Fishbein (2024-10-14). CNN Tells Harris Not to Talk About the Economy. cepr.net CNN has been at the forefront in pushing the Biden bad economy story in defiance of the data. It had two of my six favorite untruths about the Biden economy. In one case, it told people about a "retirement crisis" even though the real wealth of near retirees is more than 45 percent higher than …

ecns.cn (2024-10-14). China's 2024 top 500 private enterprises list highlights strong real economy growth. ecns.cn The real economy is playing increasingly prominent role among China's top 500 private enterprises, with manufacturing companies accounting for 66.4 percent of the list, marking three consecutive years of growth in this sector.

ecns.cn (2024-10-14). BRI to play role in sustainable development push. ecns.cn China will step up efforts to boost green development while promoting the Belt and Road Initiative, and support low-carbon transformation in developing countries, China's ecology and environment minister said.

ecns.cn (2024-10-14). Bold measures to rev up Chinese economy. ecns.cn China's economy will likely pick up pace in the fourth quarter amid a slew of bolder-than-expected stimulus measures, providing strong support for achieving its annual growth target of around 5 percent this year, economists said.

ecns.cn (2024-10-14). China to enhance capital access for 'little giants'. ecns.cn On Monday, China's top industry regulator said that the country will step up efforts to enhance capital access for little giant companies, and promote the development of unicorns in advanced tech sectors like 6G and brain-computer interfaces.

ecns.cn (2024-10-14). China's foreign trade goes up 5.3% in first 9 months. ecns.cn China's foreign trade grew by 5.3 percent year-on-year to 32.33 trillion yuan ($4.57 trillion) in the first three quarters of 2024, statistics from the General Administration of Customs showed on Monday.

ecns.cn (2024-10-14). China unveils measures to boost financing for businesses. ecns.cn China will introduce an innovative quality financing and credit enhancement policy to ease financing challenges for small and micro-sized enterprises, as well as a guideline to support platform companies to use online traffic efficiently.

ecns.cn (2024-10-14). CPI up 0.4% in Sept. as consumer market remains steady: NBS. ecns.cn China's consumer market stayed steady in September, with the Consumer Price Index (CPI) rising 0.4 percent year-on-year, the National Bureau of Statistics (NBS) said on Sunday.

ecns.cn (2024-10-14). SE Asia trade prospects to get boost. ecns.cn Businesses in Southeast Asia are eyeing more opportunities in the Chinese market following the announcement of a significant upgrade to the China-ASEAN Free Trade Area.

Internationalist 360 ∞ (2024-10-14). Resistance Pact Signs 'Israel's' Death Warrant. libya360.wordpress.com Kit Klarenberg All the pact's signatories will provide "comprehensive" economic, military, and political assistance to one another, should they come under attack from the Zionist entity or its allies. On October 7, it was announced that Iran's parliament is drafting a defense and security pact, which will formally bind the Resistance, "and their supporting countries," together in…

Owen Schalk (2024-10-14). As French embassy closes in Niger, West Africa charts a new course. mronline.org Over the past few years, numerous West African states have taken steps toward greater economic and security sovereignty, often in opposition to Western (specifically French) designs on the region.

Binoy Kampmark (2024-10-14). Welcome to Tariff Land: The Retreat of Free Trade. counterpunch.org Free markets? Free trade? The modern economic world has little time for these erroneous, misdirected terms. More evident are the feelings of resentment, prejudice and indignant parochialism more accurately called My Country First, and Everyone Else Last. Back your industries; hobble the competitors. And everyone is doing it, except certain ideologues who, childishly, cling to the view that there ever

UMMID (2024-10-14). India behind Bangladesh, Nepal in 2024 Hunger Index. ummid.com In yet another indicator showing the poor economic condition of India under the Modi rule, the Global Hunger Index (GHI) has placed the country behind 104 countries including even Bangladesh, Nepal and Sri Lanka.

aljazeera (2024-10-14). US-based Acemoglu, Johnson and Robinson win 2024 Nobel economics prize. aljazeera.com The award for work into why countries succeed and fail is the final prize to be given out this year and is worth $1.1m.

infobrics (2024-10-14). Indonesia Likely to Decide on Joining BRICS in Next Governmental Term. infobrics.org Indonesian Foreign Affairs Minister Retno Marsudi announced that the decision regarding the country's potential membership in the BRICS economic bloc will be made during the next government term under President-elect Prabowo Subianto…

ecns.cn (2024-10-14). China refines financial aid for students. ecns.cn China has rolled out enhancements to its student financial aid policies aimed at rewarding outstanding students and supporting those from economically disadvantaged backgrounds.

newarab (2024-10-14). Turkish-American Daron Acemoglu wins Nobel economics prize. newarab.com Turkish-American academic Daron Acemoglu won the 2024 Nobel economics prize "for studies of how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said on Monday. | U.S.-based academics Simon Johnson and James Robinson also won the prize. | The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year and is worth 11 million Swedish crowns ($1.1 million). | "Reducing the vast differences in income between countries is one of our time's greatest challenges. The laureates have de…

presstv.ir (2024-10-14). Pezeshkian: No need for outsiders, regional states can ensure own security. presstv.ir The Iranian president underscored the significance of observing territorial integrity of all states.

Agence France-Presse (2024-10-14). UN urges Middle East ceasefires to avert 'major regional war' with 'global implications'. scmp.com An unprecedented 123 million people are already displaced by conflicts, persecution, poverty and climate change, says refugee agency chief.

Michael Roberts (2024-10-14). Measuring global poverty. cadtm.org

Paul Nowak (2024-10-14). Why Labour's Employment Rights Bill is the biggest upgrade in workers' and trade union rights in a generation. leftfootforward.org We know that driving up employment standards is good for workers, good for business and good for growth…

Josiah Mortimer (2024-10-14). Government to Reject SNP Bid to Scrap the House of Lords — But Hereditary Peers Will Go. bylinetimes.com The Government is pushing ahead with plans to scrap the 92 remaining hereditary peers, the aristocrats who are still guaranteed to make up over a tenth of Lords in the second chamber. They remained as a compromise following former Labour PM Tony Blair's partial efforts to reform the Lords in his first term. | While Labour under Keir Starmer has committed to further reform of the unelected chamber, the SNP wants to go further and scrap the 800-odd member Lords entirely. | Some reformers are worried that legislation to overhaul the Lords could stop at simply scrapping the hereditary peers, as was the case with…

James Baratta (2024-10-14). It's Not Easy Being Green. progressive.org Private-sector investments in the green transition are plagued by climate and labor risks.

Elsy Fors Garzon (2024-10-14). Cuba confirms willingness to strengthen ties with Bulgaria. plenglish.com "We confirm the willingness to strengthen relations of friendship and cooperation between our countries," says a publication of the Ministry of Foreign Affairs in X. | The text was published on occasion of the 64th anniversary of official ties between both nations. | Cuba and Bulgaria formalized their diplomatic ties on October 14, 1960 and since then they have strengthened the friendship and collaboration between their governments and peoples, according to repeated messages from the Cuban Foreign Ministry. | The two States consider the exchange they have maintained for more than six decades to be important. | A…

newarab (2024-10-14). Egypt unveils new $14m plan to protect the Red Sea's coral reefs. newarab.com Egypt has recently In collaboration with the United Nations Development Programme (UNDP), the Global Fund for Coral Reefs, and the United States Agenc…

WSWS (2024-10-14). Speaking for the financial oligarchy, Bloomberg News declares, "Post-Pandemic America Has More Teachers Than It Can Afford." wsws.org School closures and devastating cuts are hitting schools across the US, both urban and rural due the Biden administration's ending of COVID relief funding.

ecns.cn (2024-10-14). Overseas graduates target computer, internet, telecommunications and electronics sectors. ecns.cn The 2024 employment competitiveness survey report for overseas returnees was unveiled on Sunday, providing employment reference for students studying abroad.

Amos Harel (2024-10-14). Little U.S. pressure and more Hezbollah fire enable Netanyahu's vision of endless war. haaretz.com While Hezbollah's resistance in Lebanon has so far been limited, the organization struck an IDF base in central Israel, killing four Israeli soldiers and wounding dozens ‚ñ With increased political security for Netanyahu and little pressure from the U.S. to end the Lebanon incursion, Israel's investment in the war is deepening…

aljazeera (2024-10-14). WHO Investment Round: Make a commitment to our common health. aljazeera.com Invest in the World Health Organization for a healthier, safer world for all.

tvbrics (2024-10-14). Egypt and Saudi Arabia outline plans to double trade. tvbrics.com Ministers of the two countries discuss mutual investment strategy…

imperial.ac.uk (2024-10-14). Imperial announces a major investment in Old Oak to drive the WestTech Corridor. imperial.ac.uk Imperial College London will drive the development of the WestTech Corridor through the purchase of a prime industrial site in Old Oak.

UMMID (2024-10-14). New Face of Tech Scholarship Program goes global. ummid.com Samsung subsidiary HARMAN and 1,000 Dreams Fund, a non-profit serving Talented Women in Need, Wednesday (October 09, 2024) announced the global expansion of its New Face of Tech Scholarship Program, now in its 8th year.

Mike Ervin (2024-10-14). The Worst Kind of Corporate Greed. progressive.org While companies like Numotion prioritize profit, customers like me are forced to survive weeks—or months—without a working wheelchair.

thecommunists (2024-10-14). Joti Brar: Whose side are the British communists on? thecommunists.org Watch this interview in Russian on YouTube. ***** In this interview for a Russian Marxist YouTube channel, Comrade Joti Brar explains our party's viewpoint on why we do not consider China or Russia to be imperialist powers and what we see as the main goal of the foreign policy of both countries. She and her …

newarab (2024-10-14). The role of Lebanon's army as Israel wages war on Hezbollah. newarab.com On 3 October, Israeli military forces struck a Lebanese Armed Forces (LAF) post in Bint Jbeil in southern Lebanon, During the incident, and for the first time since hostilities began in October 2023, Lebanese soldiers

WSWS (2024-10-14). China's finance ministry promises stimulus but gives few details. wsws.org The general response to Saturday's announcements was while they were a step in the right direction, they were not specific enough.

CADTM International, Pablo Laixhay (2024-10-14). CADTM International Council | Day 1 | The polycrisis of capitalism. cadtm.org

UMMID (2024-10-14). Ratan Tata dies, India mourns. ummid.com Ratan Tata, renowned industrialist, dies after prolonged illness at the age of 86 on Wednesday October 09, 2024 in Mumbai.

Evaggelos Vallianatos (2024-10-14). Roots of War: Western Civilization and the Turks. counterpunch.org Prologue: The ambiguous dream of Western civilization The idea of Western civilization has always been an ambiguous dream among rulers and thinkers in Europe and North America. It sounds good, yet industrialization, the two world wars of the twentieth century, and American planetary hegemony, all but transformed the idea of Western civilization into a dream.

Valeriah Big Eagle, NDN Collective. (2024-10-14). 'No Indians Allowed': An Open Letter To The Rapid City Community. popularresistance.org For those who have been following the news, they will remember the Grand Gateway Hotel and may have heard about the recent bankruptcy filing. This resulted in a delay in justice and accountability. By filing for bankruptcy, the owners of the Grand Gateway Hotel have bought themselves time and halted the federal civil rights lawsuit against them. | While justice is delayed, we are still fighting and holding the owners accountable to our people. This is not over. | As we work to challenge the systems and injustices our people face on a daily basis, we also reflect on the impacts such blatant racism has on our commu…

A Guest Author (2024-10-14). It's not over! Fight back against the Uhuru 3 'conspiracy' verdict! workers.org The message below is excerpted from an Oct. 9 statement posted on handsoffuhuru.org. The Uhuru 3 — African People's Socialist Party Chairman Omali Yeshitela and supporters Penny Hess and Jesse Nevel — were acquitted on Sept. 13 of bogus federal charges accusing them of being Russian agents. However, they were . . . |

WSWS (2024-10-14). Sri Lankan SEP to hold first public election meeting in Colombo. wsws.org The SEP's election intervention aims to build an independent political movement of the working class based on international socialism against world war, austerity and dictatorship.

WSWS (2024-10-14). Leading SEP candidates contesting the Sri Lankan parliamentary elections. wsws.org The Socialist Equality Party (Sri Lanka) is standing in general elections to be held on November 14, with a list of 41 candidates in three electoral districts.

Sam Gindin (2024-10-14). Health and Safety: Amazon Fails to Deliver. socialistproject.ca "We are going to be Earth's best employer | and Earth's safest place to work." ( At the end of March 2021, a unionization drive in Bessemer, Alabama, by the Retail Workers (RWDSU) — one of the earliest attempts to organize an Amazon FC (Fulfillment Center) — failed to get the requisite numbers for certification. The campaign nevertheless highlighted workers' frustrations over health and safety and created anxieties among Amazon executives over future unionization drives. | That apprehen…

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