Daily Archives: December 4, 2024

2024-12-04: News Headlines

Volodymyr Ishchenko (2024-12-04). Volodymyr Ishchenko: "In case of disintegrating state institutions and a failing economy, Ukrainian nationalists will have strong opportunities to establish their power" lefteast.org Sasha Yaropolskaya and Philippe Alcoy interviewed LeftEast editor Volodymyr Ishchenko, a Ukrain…

Maximillian Alvarez (2024-12-04). Is the Great Depression a glimpse of our future? therealnews.com "During the Great Depression of the 1930s, the US economy almost completely collapsed," historian Dana Frank writes in her new book,

Julius Businge (2024-12-04). Uganda's oil and gas sector fuels economic growth. independent.co.ug However, stakeholders emphasize the need to tackle challenges in taxation, technology, and skills development to unlock the sector's full potential Kampala, Uganda | JULIUS BUSINGE | Uganda's oil and gas industry is reshaping the nation's economy, presenting unparalleled opportunities for local businesses and individuals. However, stakeholders emphasize the need to tackle challenges in taxation, technology, and …

editor (2024-12-04). Will national identity become obsolete? onlineopinion.com.au Like many other Western countries, it is divided over many issues, including Aboriginal rights, immigration, economic hardship, climate change, and racial reconciliation.

Staff (2024-12-04). Contrary to What the Washington Post Tells Readers, China Is Doing a Huge Amount To Combat Global Warming. scheerpost.com Nanjing Bus No.100 BYD Electric Bus. DKMcLaren, CC BY-SA 4.0 creativecommons.org/licenses/by-sa/4.0, via Wikimedia Commons By Dean Baker / Center for Economic and Policy Research (CEPR) The Washington Post had a bizarre article last week in which it questioned whether China was doing much to combat global warming. While the piece noted China's efforts to portray itself as …

Michael Roberts (2024-12-04). Ireland election: its economic model under threat? cadtm.org

Bhabani Shankar Nayak (2024-12-04). Tyranny of Free Market. globalresearch.ca The market, as a social and economic institution, is fundamentally a process designed to facilitate human life by bringing consumers and producers together. It ensures economic activities serve the social purpose of satisfying the diverse needs of human beings. This …

Staff (2024-12-04). Venezuela Approves Budget & Indebtedness Laws for 2025. orinocotribune.com This Tuesday, in a special session, the National Assembly of Venezuela approved bills on the Economic Financial Year 2025 and a bill on the Special Law on Annual Indebtedness for the Economic Financial Year 2025. | The first of the projects was presented by United Socialist Party of Venezuela (PSUV) deputy and president of the Permanent Finance Commission of the National Assembly, Jesús Farías. "This is the budget for the victory of the Venezuelan people against imperialism and fascism," said Farías as he presented the bill. "Without this victory, Venezuela would be in chaos." | He also said that the law concentr…

DikelediM (2024-12-04). Presidency clarifies simplified visa process for Nigerian nationals. sanews.gov.za Presidency clarifies simplified visa process for Nigerian nationals | The Presidency has addressed a misunderstanding regarding President Cyril Ramaphosa's remarks at the SA-Nigeria Bi-National Commission on Tuesday, clarifying changes to the visa application process for Nigerian nationals. | South Africa has implemented modernised and streamlined visa application procedures as part of ongoing visa reforms to enhance economic activity, boost tourism and protect national security. These reforms aim to improve efficiency and convenience, without compromising the integrity of the visa system. | According to the Pr…

editor (2024-12-04). Economic philosophy under question. onlineopinion.com.au The election of Donald Trump has thrown contemporary economic commentary into overdrive. It has also exposed the limitations of contemporary economic knowledge and comment.

The Independent (2024-12-04). David Pulkol: Let East Africans interact freely. independent.co.ug Kampala, Uganda | THE INDEPENDENT | Director General of the External Security Organization (ESO), David Bwangamoe Pulkol says countries in East Africa not to restrict their citizens from interacting socially and economically. Pulkol, the Executive Director of the Africa Leadership Institute, interaction among the citizens of the regional economic bloc can help them to appreciate the core …

Adam Fishbein (2024-12-04). Trump's Tariffs Are a Distraction That Can Continue for a While. cepr.net The Guardian See article at original site "To me, the most beautiful word in the dictionary is tariff, and it's my favorite word," said Donald Trump last month. Pundits, politicians and financial markets are trying to figure out why, since he announced a week ago that he would impose tariffs on the United States's three …

Staff (2024-12-04). The Impact of FX Hedging on Investment Portfolios for Investors. moguldom.com Foreign exchange (FX) hedging is a critical strategy for financial experts and institutions aiming to mitigate the risks that come with currency fluctuations in global markets. Employing various forex hedging techniques can allow investors to protect their portfolios from adverse currency movements, thereby stabilizing returns and preserving capital. This article explores the significance of these techniques …

The Independent (2024-12-04). Afreximbank, Med Aditus partner to boost Kenya's pharmaceutical production. independent.co.ug The project's strategic location in Kisumu, at the heart of the Great Lakes Region gives it access to markets in Kenya, Uganda, Tanzania, DR Congo, Rwanda, Burundi and South Sudan Kisumu, Kenya | THE INDEPENDENT | Africa's multi-lateral lender, African Export-Import Bank and Kenya-based Med Aditus Pharmaceutical Kenya Limited (Med Aditus) have signed a project preparation …

The Canary (2024-12-04). Leading academics tell Labour it's STILL not going far enough on workers rights. thecanary.co Twelve leading academic employment relations experts have written to the Labour Party government calling on policymakers to strengthen trade unions' right to be consulted on major business decisions. The academics have endorsed the High Pay Centre think tank's submission to the consultation on a new Industrial Relations Framework issued by the Department for Business and […] | By

David Hencke (2024-12-04). 'Litany of Failures' Exposed by Damning Report Revealing Huge Scale of Conservative Prisons Crisis Inherited by Keir Starmer. bylinetimes.com The last Conservative Government's prison building programme, which they promised would provide an additional 20,000 new places by next year, as part of "the biggest shake up of prisons since Victorian times" has been blasted by incoming Labour ministers after a new report found it had resulted in just 1,000 extra places being built, requiring billions of pounds more to fulfil. | The report, by the National Audit Office, exposes the sheer scale of the crisis inherited by Prime Minister Keir Starmer, who faced intense criticism from Conservative-supporting newspapers last month after being forced to release tho…

Josiah Mortimer (2024-12-04). Keir Starmer Rejects Call for Fairer Votes Despite MPs Voting in Favour of Proportional Representation. bylinetimes.com Starmer previously pledged to back electoral reform, saying during his campaign to become Labour leader in 2020 that "we've got to address the fact that millions of people vote in safe seats and they feel their vote doesn't count. | "That's got to be addressed." | However, he has since dropped this commitment and it was not included in the Labour party's 2024 general election manifesto. | Despite this MPs voted by 138 to 136 in favour of a bill brought forward by Lib Dem MP Sarah Olney on Tuesday for a fairer voting system, with more Labour MPs who took part in the vote backing PR than opposing it. | MPs from…

Human Rights Watch (2024-12-04). Saudi Arabia: 'Giga-Projects' Built on Widespread Labor Abuses. hrw.org Click to expand Image | A construction worker passes an advertisement for the King Salman Park gardens and canals development in Riyadh, Saudi Arabia, on December 14, 2021. | © 2021 Tasneem Alsultan/Bloomberg via Getty Images…

WSWS (2024-12-04). Growing anger over Australian university job cuts but NTEU deflects blame from Labor government. wsws.org University managements have announced more than 2,000 job cuts in recent weeks, as a direct result of the Labor government's cuts to funding and international student enrolments.

Gil Netter (2024-12-04). Machinists union provides national labor leadership in fighting climate change. peoplesworld.org Recent actions at the 2024 International Association of Machinists (IAM) Grand Lodge National Convention in New York City point the way to increased labor movement leadership in combating climate change and creating a more just society. The IAM passed a resolution to include "Just Transition" in any actions oriented toward fighting climate change, creating new …

EDWIN (2024-12-04). SA, Nigeria talk trade. sanews.gov.za SA, Nigeria talk trade | President Cyril Ramaphosa says South Africa and Nigeria enjoy strong diplomatic ties and expanding trade and investment flows. | "The strategic positioning of both countries in their respective regions presents enormous opportunities for collaboration," President Ramaphosa said.

South Africa and Nigeria are this year marking 30 years of diplomatic relations, established in February 1994.

Speaking during a roundtable discussion between South Africa and Nigeria held in Cape Town on Tuesday, President Ramaphosa said in West Africa, Nigeria is the main destination for South Afr…

The Independent (2024-12-04). Mpox: Uganda reports 3 more deaths as confirmed cases hit 784. independent.co.ug KAMPALA, Uganda | Xinhua | Uganda said on Tuesday that it registered another three mpox deaths, bringing the total number of laboratory-confirmed fatalities to four in the East African country. Henry Kyobe Bosa, incident commander at Uganda's Ministry of Health, told Xinhua over the phone that two deaths were recorded at Entebbe Regional Referral Hospital, …

Staff (2024-12-04). Minuto a minuto sobre el restablecimiento del Sistema Electroenergético Nacional. cubadebate.cu En la madrugada de este miércoles se produjo una nueva desconexión del SEN tras la salida de la termoeléctrica Antonio Guiteras, en Matanzas, por un disparo automático. El Ministerio de Energía y Minas informó que desde ese mismo instante comenzaron las labores de restablecimiento. Cubadebate mantiene un minuto a minuto con la información más actualizada sobre el tema.

Staff (2024-12-04). Se suspenden las actividades laborales y docentes. cubadebate.cu La ministra de Trabajo y Seguridad Social informó que a partir la contingencia del Sistema Electroenergético Nacional se decidió suspender las actividades laborales y docentes. "Los servicios básicos de la población se mantienen".

Staff (2024-12-04). Minuto a minuto sobre el restablecimiento del Sistema Electroenergético Nacional. cubadebate.cu En la madrugada de este miércoles, se produjo una nueva desconexión del SEN tras la salida de la termoeléctrica, Antonio Guiteras, en Matanzas, por un disparo automático. El Ministerio de Energía y Minas informó que desde ese mismo instante comenzaron las labores de restablecimiento. Cubadebate mantiene un minuto a minuto con la información más actualizada sobre el tema.

newarab (2024-12-04). Norway wealth fund divests from Israel's Bezeq over settlements. newarab.com The decision to divest comes after the fund's ethics watchdog, the Council on Ethics, adopted a new, tougher interpretation of ethics standards for businesses that aid Israel's operations in the occupied Palesti…

____ (2024-12-04). Norway's Wealth Fund Divests from Israel's Bezeq. devdiscourse.com In a significant financial move, Norway's sovereign wealth fund, the largest of its kind globally, has divested from Israel's Bezeq telecom firm. The decision aligns with ethical concerns over Bezeq's operations in the occupied West Bank.

Reuters (2024-12-04). Norway wealth fund divests from Israel's Bezeq over services to West Bank settlements. haaretz.com The $1.8 trillion fund's ethics watchdog said in its recommendation to divest that Bezeq facilitates the 'maintenance and expansion' of settlements, which according to the council, are 'illegal under international law'…

____ (2024-12-04). Norway's Wealth Fund Divests from Bezeq Over Ethical Concerns. devdiscourse.com Norway's sovereign wealth fund, the largest in the world, has announced the sale of its shares in Israel's Bezeq Telecom. The decision aligns with a new ethical guideline set by the Council on Ethics, which advises against investing in companies that support operations in occupied Palestinian territories.

Chris Mills Rodrigo (2024-12-04). Twelve U.S. Billionaires Now Have a Combined $2 Trillion. inequality.org The collective net worth of America's top twelve billionaires has surpassed $2 trillion as of December 3. This is an unsettling new milestone for wealth concentration in the United States. The oligarchic dozen is richer than ever, and they are endowed with extreme material power that can be used to pursue narrow political interests …

Guest Blogger (2024-12-04). California "purifies" its little air bubble at the expense of its residents. wattsupwiththat.com It is appalling that wealthy California with its "green mandates" continues to burden its residents with humongous costs to transition to just electricity, and support unethical, immoral, and hypocritical actions to obtain exotic minerals and metals from poorer developing countries to achieve that electricity transition.

Steve Kelly (2024-12-04). The Alliance Fights to Protect Wild Rockies Ecosystems. counterpunch.org "A fish rots from the head down." — Rumi By now, we have all heard rumblings of Empire's imminent collapse. Propaganda and government gaslighting can no longer hide the obvious fact that social, financial, cultural, and political systems have failed miserably. The advanced state of Empire's decomposition (rotting from the head down) caused by malevolent

newarab (2024-12-04). Britain, Qatar to sign agreement on financial services. newarab.com A delegation from Qatar will be hosted by

Staff (2024-12-04). Will the Overinflated U.S. Finance Bubble Burst? soundcloud.com On today's episode Nicole Roussell and Prof. Richard Wolff discuss the overinflated U.S. financial sector and stock market, what will happen when that bubble bursts, and Trump's threats to hit BRICS countries with 100% tariffs if they support using non-U.S. dollar currency. Professor Richard Wolff is an author & co-founder of the organization Democracy at …

The Independent (2024-12-04). Retirement schemes now worth Sh25.40 trillion. independent.co.ug Kampala, Uganda | THE INDEPENDENT | Uganda's retirement benefits sector is now worth sh25.40 Trillion, an 18.6% increment from UGX21.4 trillion in 2023. According to the latest figures by the Uganda Retirement Benefit regulatory Authority (URBRA), the sector's contribution to the national GDP has grown to 12.2%, up from 10% in 2023 . The Annual …

____ (2024-12-04). UN's Ruthless Aid Prioritization Amid Global Crises. devdiscourse.com The newly appointed head of the UN's humanitarian aid agency pledged a 'ruthless' approach to spending, emphasizing strategic prioritization amidst fundraising challenges for critical zones such as Gaza, Sudan, Syria, and Ukraine.

newarab (2024-12-04). New UN aid head to prioritise spending amid urgent calls for aid. newarab.com The new head of the Tom Fletcher, a longtime British diplomat who took up the UN post last month, said his agency is asking for less money in 2025 than this year. | He said it wants to show "we will focus and target the resources we have," even as crises grow more numerous, intense and long-lasting. | His agency, the UN Office…

____ (2024-12-04). 104-Year-Old Freed: A Journey from Prison to Plant Nurturing. devdiscourse.com A 104-year-old man walked free from Malda Correctional Home after spending 36 years imprisoned on a murder charge. Rasikt Mondal, originally sentenced in 1988 for killing his brother in a land dispute, emerged with plans to dedicate his time to gardening and family.

Steven Ganot (2024-12-04). Qatar's Emir Visits UK To Strengthen Trade and Investment Ties. themedialine.org

Mark Gruenberg (2024-12-04). Workers overwhelmingly back OSHA's proposed heat protections. peoplesworld.org WICHITA, Kansas—Harold Schlechtweg, a former Directing Business Representative for Service Employees Local 513 in Wichita, Kansas, tells of the fate of a worker harmed by intense heat. "Several years ago, one of my members was seriously injured by heat stroke," Schlechtweg e-mailed in late November to the regulations comments section for the Occupational Safety and …

The Independent (2024-12-04). Private school owners oppose fees regulation by government. independent.co.ug Kampala, Uganda | THE INDEPENDENT | Owners of Private schools and institutions have once again called on the government to address the challenges they face in delivering education. However, they remain firm in their opposition to any regulation on school fees. Under the National Private Education Institutions Association (NAPEIA), private school owners have highlighted the …

WSWS (2024-12-04). New Zealand nurses hold eight-hour strike. wsws.org The nationwide strike by 36,000 nurses and healthcare workers was in response to the government's decision to slash real wages and cut staff, and its other attacks on public healthcare.

ecns.cn (2024-12-04). China-Europe freight train service hits milestone as 100,000th train arrives in Germany. ecns.cn The train, X8083, which departed from Chongqing arrived at Duisburg's terminal on Tuesday, carrying electronics, industrial parts, and household appliances.

tvbrics (2024-12-04). Central Bank of Egypt to establish fund for supporting national producers. tvbrics.com The decision was made during a meeting of the ministerial group on industrial development…

WSWS (2024-12-04). Socialist Equality Party exposes Aidan Beatty's falsifications in Institute of Historical Research seminar. wsws.org After Beatty delivered a lengthy diatribe, Barbara Slaughter, David North and Eric London exposed his slanderous allegations against Gerry Healy and the history of the Trotskyist movement.

ecns.cn (2024-12-04). China calls for closer ties with Latin America. ecns.cn A senior Communist Party of China official called on Tuesday for enhancing unity and cooperation between China and Latin American and Caribbean countries to promote a more just and equitable international order amid the complex evolution of the international landscape.

newarab (2024-12-04). South Korea president declares emergency martial law. newarab.com "To safeguard a liberal South Korea from the threats posed by North Korea's communist forces and to eliminate anti-state elements… I hereby declare emergency martial law," Yoon said in a live televised address to the nation. | It wasn't immediately clear how the steps would affect the country's governance and democracy. | Yoon — whose approval ra…

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