(2023-05-02). South Korea finance minister: South Korea, Japan, China cooperation more important as world economy at inflection point. channelnewsasia.com
(2023-05-02). Commentary: Deadly heatwaves threaten to reverse India's progress on poverty and inequality. channelnewsasia.com With many more people in India expected to be hit by even greater heat extremes in the future, finance, urban design and education are necessary to help people adapt, say these experts from University of Cambridge.
(2023-05-01). Winner Takes All: John Perkins on the Global Economy. transcend.org 21 Apr 2023 – "Senate Finance Chief: Nothing Unites GOP More Than 'Helping Rich People Cheat on Their Taxes" reads a headline on Common Dreams this morning. But actually that has been the strategy of both parties in US development programs for decades, according to John Perkins.
(2023-05-01). Latin America Celebrates International Workers' Day. telesurenglish.net On May 1, Latin American workers will mobilize to defend their rights and commemorate International Workers' Day. | RELATED: | In Argentina, social and trade union organizations will gather in Buenos Aires City to defend workers' rights and reject the interference of the International Monetary Fund (IMF) in domestic economic policies. | Groups such as the Union of Workers of the Popular Economy, the Evita Movement, the Combative Class Cu…
(2023-05-01). Europe pays more for banned Russian oil, resold by India — as EU wages fall. geopoliticaleconomy.com 
The EU sanctioned Russia and boycotted its oil, yet is still buying it indirectly from India, at a higher price. This is fueling both de-dollarization and inflation in the Eurozone, where workers' real wages dropped 6.5% from 2020 to 2022.
(2023-05-01). Factory activity contracts in April on weak demand. ecns.cn China's factory activity unexpectedly contracted for the first time in four months in April, indicating that the foundation of the country's post-pandemic recovery is not yet solid and underscoring the need for greater policy support to boost domestic demand, analysts said on Sunday.
(2023-05-02). South Korea finance minister: South Korea, Japan, China cooperation more important as world economy at inflection point. channelnewsasia.com
(2023-05-02). Commentary: Deadly heatwaves threaten to reverse India's progress on poverty and inequality. channelnewsasia.com With many more people in India expected to be hit by even greater heat extremes in the future, finance, urban design and education are necessary to help people adapt, say these experts from University of Cambridge.
(2023-05-01). Winner Takes All: John Perkins on the Global Economy. transcend.org 21 Apr 2023 – "Senate Finance Chief: Nothing Unites GOP More Than 'Helping Rich People Cheat on Their Taxes" reads a headline on Common Dreams this morning. But actually that has been the strategy of both parties in US development programs for decades, according to John Perkins.
(2023-05-01). Latin America Celebrates International Workers' Day. telesurenglish.net On May 1, Latin American workers will mobilize to defend their rights and commemorate International Workers' Day. | RELATED: | In Argentina, social and trade union organizations will gather in Buenos Aires City to defend workers' rights and reject the interference of the International Monetary Fund (IMF) in domestic economic policies. | Groups such as the Union of Workers of the Popular Economy, the Evita Movement, the Combative Class Cu…
(2023-05-01). Europe pays more for banned Russian oil, resold by India — as EU wages fall. geopoliticaleconomy.com The EU sanctioned Russia and boycotted its oil, yet is still buying it indirectly from India, at a higher price. This is fueling both de-dollarization and inflation in the Eurozone, where workers' real wages dropped 6.5% from 2020 to 2022.
(2023-05-01). Factory activity contracts in April on weak demand. ecns.cn China's factory activity unexpectedly contracted for the first time in four months in April, indicating that the foundation of the country's post-pandemic recovery is not yet solid and underscoring the need for greater policy support to boost domestic demand, analysts said on Sunday.
(2023-05-01). The Economics and Politics of the World Social Forum. globalresearch.ca
(2023-05-01). 'May Day' Militancy Needed to Create the Economy We Need. globalresearch.ca
(2023-05-01). Europe Pays More For Banned Russian Oil, Resold By India. popularresistance.org The European Union heavily sanctioned Russia and pledged to boycott its oil, yet continues to buy it, and at an even higher price, albeit indirectly. | India is importing record levels of discounted Russian crude, purchasing it in currencies other than the dollar. India then refines the Russian oil and exports fuel to Europe at a profit. | Meanwhile, increasing energy costs in Europe have stoked inflation, causing workers' wages to significantly decline. | The real wages of workers in the Eurozone fell by 6.5% between 2020 and 2022. | As of April, Bloomberg reported, European imports of refined fuel from India ar…
(2023-05-01). On May Day, NUMSA calls for a national economic agenda for the working class. peoplesdispatch.org The National Union of Metalworkers of South Africa has called for ending neoliberal policies and is pushing for greater state intervention in the economy, the nationalization of key sectors, and an expansionary budget to alleviate the economic crisis in the country…
(2023-05-01). War and the World Majority: Russians Speak. libya360.wordpress.com International Manifesto Group As the West's hybrid proxy war on Russia proceeds, Russia and Russians are faced with momentous choices, both about the structure and orientation of their society, economy and politics domestically and in their foreign policy orientation. As Radhika Desai and Alan Freeman discovered in their recent trip to Russia, the national conversation…
(2023-04-30). Latest Updates on Venezuela's Economic Dynamics. orinocotribune.com By Franco Vielma — Apr 28, 2023 | Venezuela's economy has continued to grow during 2023, but at a much slower pace compared to the first quarter of 2022. | Economic activity continues to have crude oil production as a key indicator. During 2023, the production of barrels has grown by only 5%, and part of this increase is due to the joint work of Petróleos de Venezuela SA (PDVSA) with the US multinational Chevron under the joint venture scheme. | This means that the general oil activity and the various projects of PDVSA remain stagnant, largely due to the operational shortcomings caused by the blockade agains…
(2023-04-30). The US Economy is Headed for a Recession, Experts Say. telesurenglish.net The U.S. economy appears to be slowing, and could hit a recession this year, according to experts, economic indicators and major corporations. | RELATED: | "It is very likely that the economy will be tipped into recession by mid-year," said Desmond Lachman, senior fellow at the American Enterprise Institute and a former official at the International Monetary Fund (IMF). | GDP, which measures all goods and services produced in the United States, rose at a paltry 1.1 percent ann…
(2023-05-01). War-Induced Inflation and PM Meloni Irritate Italian Workers. telesurenglish.net International Workers' Day on Monday was marked in Italy by the discontent of citizens against Prime Minister Giorgia Meloni and the loss of purchasing power caused by the economic consequences of the Ukrainian war. | RELATED: | The Italian General Confederation of Labor (CGIL), Italian Confederation of Workers' Unions (CISL) and the Italian Union of Labor (UIL) held their unitary demonstration in Potenza. | From this city in the…
(2023-05-01). 'Securing Ourselves Is in Our Hands; and Defeat of the Enemy Lies in His Own Hands'. strategic-culture.org Xi and Putin are riding multiple 'horses': One may need a touch of the spur; another reined back a tad. | 'Securing Ourselves Is in Our Hands; and Defeat of the Enemy Lies in His Own Hands' | (Sun Tzu, d. 496 BCE) | Whilst the structural shift to a multipolar world is now well understood in geo-political terms, its other dimensions are little noticed. The media focus is so much centred on the military situation in Ukraine that it is easily overlooked that President Putin has also been fighting a financial war — a war on liberal economic theory; and a diplomatic war for the support of the non-West and from k…
(2023-05-01). At universities, the reality of the financial casino is taboo. indybay.org When buying or selling, high-speed trading can bring profits a few milliseconds or microseconds ahead of other high-speed trading bidders. These speculative trades have nothing to do with the good functioning of the financial markets. On the contrary, prices can be manipulated. In any case, these betting transactions have no economic benefit whatsoever.
(2023-05-01). Xi presides over meeting on economic work. ecns.cn Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Friday presided over a meeting of the Political Bureau of the CPC Central Committee to analyze current economic situation and economic work.
(2023-05-01). Tibet enjoys social stability, ethnic solidarity and religious harmony: FM spokeswoman. ecns.cn China's Tibet Autonomous Region enjoys social stability, economic development, ethnic solidarity and religious harmony. People there lead a happy life and historic progress has been made in the human rights cause, Foreign Ministry spokeswoman said on Friday.
(2023-05-01). Limiting exports to China in the name of reducing dependency is not constructive: FM spokeswoman. ecns.cn Economic and trade cooperation is mutually beneficial, and China is an important market for semi-conductors, said Mao Ning, a spokeswoman for the ministry, at the daily news briefing.
(2023-05-01). Xiamen plans to ban pedestrians from using their mobile phones while crossing the road. ecns.cn In mid-April, the draft regulation on zebra crossing safety management in Xiamen Special Economic Zone was submitted to the 12th meeting of the Standing Committee of the 16th Xiamen Municipal People's Congress in east China's Fujian Province.
(2023-05-01). The War Is Over | The End Of NATO | Brian Berletic Alex Reporterfy | The New Atlas. thealtworld.com In recent years, the ongoing conflict in Ukraine has been a major source of tension and violence in the region. However, China has recently emerged as a surprising new player in the conflict resolution process, offering diplomatic and economic support to help end the war in Ukraine. | China's involvement in Ukraine has largely been motivated by its desire to promote regional stability and protect its own economic interests. As a major global power and a key player in the region, China has the resources and influence to help mediate a peaceful resolution to the conflict. In recent years, Chinese officials have bee…
(2023-05-01). Nicolas Maduro, Has He Become A Neoliberal? popularresistance.org In various sectors of the Venezuelan opposition, in the mainstream media or in the usual middle-class "political science trotskyist" circles, a new chant is circulating. The slow exit from the Western blockade is due to the fact that Nicolas Maduro has finally "embraced capitalism" or "taken a neoliberal turn". For Alberto Barrera Tyszka of the New York Times (1), neoliberalism is even the economic arm of Maduro's "dictatorship". | The "evidence" varies: from images of posh neighborhoods in Caracas with ostentatious stores, restaurants and luxury casinos, to job offers on digital platforms and the circulation of…
(2023-05-01). Report: Americans Who Make Over $100,000 A Year Are More Likely Preparing For Recession. moguldom.com While the economists debate over whether or not the U.S. is in recession, there are some Americans who are already preparing for the worse. Investopedia defines a recession as "a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth …
(2023-05-01). In Conversation with Sergey Glazyev. libya360.wordpress.com Radhika Desai and Alan Freeman Sergey Glazyev Russian politician and economist. Photo credit: A. Savin (Wikimedia Commons). St. Petersburg, 1 April, 2023 We met Sergey Glazyev at the St Petersburg Economic Forum where, having long been a lone voice demanding a turn away from neoliberalism and toward the path to planning, industrial policy, redistribution and…
(2023-05-01). Report: High Flyers 2023: How Ultra-Rich Private Jet Travel Costs the Rest of Us and Burns Up the Planet. ips-dc.org 
In this report, we assess the environmental, economic, and security risks of private jet travel — and lay out tax reforms to offset them.
(2023-05-01). Increased Wellness And Economic Return Of Universal Broadband. popularresistance.org
(2023-04-30). Has Nicolás Maduro Become a Neoliberal? orinocotribune.com By Thierry Deronne — Apr 28, 2023 | In various sectors of the Venezuelan opposition, in the mainstream media or in the usual middle-class "political science trotskyist" circles, a new chant is circulating. The slow exit from the Western blockade is due to the fact that Nicolas Maduro has finally "embraced capitalism" or "taken a neoliberal turn." For Alberto Barrera Tyszka of the New York Times (1), neoliberalism is even the economic arm of Maduro's "dictatorship." | The "evidence" varies: from images of posh neighborhoods in Caracas with ostentatious stores, restaurants and luxury casinos, to job offers on…
(2023-04-30). Austria: What's behind the historic Communist surge in Salzburg? greenleft.org.au The Communist Party of Austria (KPàñ) stunned many with its historic vote in the state of Salzburg. Christian Zeller, an ecosocialist and professor in economic geography at the University of Salzburg, discusses the rise and significance of the KPàñ's vote.
(2023-04-30). WEF wants to accelerate the commercialisation of nature or, if you prefer their alternative, depopulation. expose-news.com World leaders will be gathering together later this year to "accelerate the implementation of Agenda 2030," according to an announcement made by the unaccountable, unelected, corporate-led World Economic Forum ("WEF") earlier this …
(2023-04-30). More Older Workers Are Trapped In Crummy Jobs, Unable To Retire. popularresistance.org Over the past two decades, older workers have become an increasingly significant share of the labor force. In the economic recovery after the Great Recession of 2008—2009, four in 10 Americans ages 55 or older were in the labor force—the highest participation rate in half a century. As of 2020, these older workers made up 23.6% of the total U.S. workforce, the highest portion on record. | Why are so many older Americans unable to retire and so many working into old age to survive? For many, the answer isn't "because they want to." Even before the COVID-19 pandemic, more than 50% of low-income older ho…
(2023-05-01). Five Arab States Plus Iran Among 19 Nations Ready to join BRICS. strategic-culture.org Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have formally asked to join the BRICS group of nations as it prepares to hold its annual summit in South Africa. | In total, 19 nations have expressed interest in joining the emerging-markets bloc of Brazil, Russia, India, China, and South Africa, according to Anil Sooklal, South Africa's ambassador to the group. | "What will be discussed is the expansion of BRICS and the modalities of how this will happen … Thirteen countries have formally asked to join, and another six have asked informally. We are getting applications to join every day," the South Afri…
(2023-05-01). Breaking barriers: Helping Native Americans in need get the gift of life. newsnetwork.mayoclinic.org Robert Monroe and Jackie Johnson stand near their home on the Navajo Indian Reservation in Arizona For many American Indians and Alaska Natives, living on an Indian reservation provides a sense of pride, independence, and the ability to maintain cultural and social traditions important to their heritage. Life on the Indian reservation can also mean high rates of poverty, lack of access to food, transportation, communication and health care. Complex medical procedures like an organ…
(2023-05-01). Sanders Calls on Biden to Fight for Working People in Debt Ceiling Battle. truthout.org Sen. Bernie Sanders on Sunday said President Joe Biden and the Democratic Party must do everything in their power to defend middle- and low-income people in potential budget negotiations, after the Republicans said they will raise the country's debt limit only in exchange for cuts to green jobs, food assistance, healthcare, and other social services that millions of Americans depend on. |
(2023-05-01). Handwashing can cut reduce respiratory disease burden — WHO. plenglish.com London, May 1 (Prensa Latina) A recent investigation found that handwashing with soap can reduce cases of acute respiratory infection (ARI) in low- and middle-income countries (LMICs) by as much as 17%.
(2023-05-01). Proletariat of the Proletariat: Women's Unpaid Labour. orinocotribune.com By Saheli Chowdhury — May 1, 2023 | The pandemic brought the spotlight on many of the wrongs of capitalism, among them the issue of unpaid labour. The term unpaid labour is generally associated with care work — care for children, the elderly, the sick, and the family — mostly considered "women's work." For the majority of care work, capitalism does not pay any remuneration; instead, the "payment" is societal — praise for women's "motherly nature" while violating all their rights as members of the working class, thus making women what I call "the proletariat of the proletariat." | Although g…
(2023-04-30). May Day: Workers' Struggles, International Solidarity, Political Aspirations. socialistproject.ca 
For more than 100 years, May Day has symbolized the common struggles of workers around the globe. Why is it largely ignored in North America? The answer lies in part in American labour's long repression of its own radical past, out of which international May Day was actually born a century ago.
(2023-04-30). Palestinian trade unions call for worldwide action to end Israeli apartheid. greenleft.org.au Palestinian trade unions are urging the international labour movement to take action in support the Palestinian-led movement against Israeli occupation, colonisation and apartheid, reports Kerry Smith.
(2023-05-01). Green Bay, WI: Students, workers and community members rally for May Day. fightbacknews.org Green Bay, WI – On Sunday, April 30, members of Freedom Road Socialist Organization, Appleton Students for a Democratic Society, United Action Oshkosh, and Food Not Bombs all rallied in Green Bay for the third annual May Day celebration in the broader Fox Valley. | The rally began with a reading of a FRSO statement by Aodhan Bowman. Bowman made clear that the enemy — the monopoly capitalists — stand no chance against a united front composed of workers, oppressed nationalities, and youth. As mentioned in the statement, the growing momentum seen in the labor movement and the various people's movements…
(2023-05-01). Svitzer Australia drops bid to tear up tugboat workers' enterprise agreement. wsws.org This is not a "victory" as unions claim, but a tactical shift. Svitzer is seeking to take advantage of new "intractable bargaining" laws introduced late last year by the federal Labor government.
(2023-05-01). Save lives this Take Back Day; safely dispose of unused medications. newsnetwork.mayoclinic.org ROCHESTER, Minn. — Dispose of unneeded medications safely during National Prescription Drug Take Back Day on Saturday, April 22. Mayo Clinic, in collaboration with the Olmsted County Sheriff's Office, Olmsted Medical Center, Zumbro Valley Medical Society and the Drug Enforcement Administration (DEA), will host a community drop-off event to collect unused or expired medications. "The Olmsted County Sheriff's Office and Violent Crimes Enforcement Team (VCET) are proud to team up with Mayo Clinic and other…
(2023-05-01). Science Saturday: COVID-19 — the pandemic that's forever changed laboratory testing. newsnetwork.mayoclinic.org Like many people throughout the world, Matthew Binnicker, Ph.D., remembers exactly where he was and what he was doing when COVID-19 was classified as a pandemic. "Those first few months of the pandemic will be forever ingrained in my memory," he says. For Dr. Binnicker, director of Mayo Clinic's Clinical Virology Laboratory, two important dates stand out above the rest. "One was Feb. 17, 2020, when Dr. (William) Morice and I were talking about whether the department should…
(2023-05-01). Rutgers Academic Workers Are Striking for the Future of Public Education. truthout.org Janine Jackson interviewed Rutgers' Donna Murch about the lessons of the Rutgers strike for the April 21, 2023, episode of CounterSpin. This is a lightly edited transcript. Janine Jackson: Thousands of teachers — full-time, tenured, part-time, adjunct — grad students, counselors and others at New Jersey's Rutgers University went on strike this month, an unprecedented labor action at the 257-year… |
(2023-05-01). Mother Jones Organized Against Child Labor 120 Years Ago: Let's Resume Her Fight. truthout.org To the shock of many, the issue of exploited child labor has been grabbing headlines in the United States In late February, The New York Times published a major exposé that documented how migrant children as young as 12 are working as roofers and food deliverers, in slaughterhouses and industrial factories, for major corporations and private equity firms, suffering injury and even death… |
(2023-05-01). Labor Trafficking Is Inseparable from Capitalism. progressive.org A new book exposes the horrors of human trafficking woven into our everyday lives.
(2023-05-01). Doctors Without Borders ask Israel to stop forceful displacement of Palestinians from Masafer Yatta. peoplesdispatch.org Israeli occupation forces often collaborate with illegal settlers to attack Palestinians and their properties in the occupied territories in order to force them to leave their homes and farms to be occupied later…
(2023-05-01). Video: Sydney May Day march demands Labor govts support workers' rights, climate action and peace. greenleft.org.au The Sydney May Day march demanded that state and federal Labor governments support workers' rights, urgent action on the climate emergency and peace. Video by Peter Boyle and Pip Hinman.
(2023-05-01). PMA reanuda labores en Sudán tras muerte de su personal. telesurtv.net El 16 de abril último el Programa Mundial de Alimentos informó que tres miembros de su personal en Sudán habían muerto.
(2023-05-01). Cuba reports 27 new Covid-19 cases, no deaths. plenglish.com According to MINSAP ¥s latest report, Cuba has so far carried out 14,348,702 tests at the molecular biology laboratories, of which 1,114,319 came back positive. | Out of the 27 new cases (11 males and 16 females), 20 of them were contacts of already confirmed cases, one infected from abroad and six with no source of infection yet specified. | The infections were reported in Havana, Cienfuegos, Villa Clara, Sancti Spíritus, Camagàºey, Las Tunas, Holguín and Santiago de Cuba. | 173 patients are currently hospitalized, 78 of them reported as suspected cases and 95 as confirmed active patients. All patients…
(2023-05-01). Workers honored with May 1 Labor Medals. ecns.cn China honored 1,035 workers with National May 1 Labor Medals on Thursday for their outstanding work performance and contributions to the nation's manufacturing and industrial development.
(2023-04-30). Undercover Salting Isn't Just a Labor Strategy. It Has an Anti-War History Too. truthout.org The tactic of "salting" — getting a job with the specific intention of organizing your workplace — has recently been grabbing news headlines. In a recent Bloomberg story, labor journalist Josh Eidelson showed how the Starbucks union drive, which began in Western New York and continues across the country, was started by salts. Eidelson, as well as labor journalist Luis Feliz Leon and scholar Mie… |
(2023-04-30). Unions Say Share Buybacks Should Stop Until Safety Improves. popularresistance.org Washington — A coalition of railroad labor unions today called on the Class I systems to pause their stock buyback programs and abandon the low-cost Precision Scheduled Railroading operating model until safety improves. | The 14 unions, which combined represent more than 100,000 railroad workers, claim that since 2015 the six publicly-traded freight railroads spent more than $165 billion in stock buybacks, which is $46 billion more than they invested in safety. | "For years, rail workers have been sounding the alarm about safety issues. It's time to listen to rail workers, not rail CEOs," the union coalitio…
(2023-05-01). New Zealand PM rules out raising tax on super-rich after report shows massive concentration of wealth. wsws.org The country's richest 311 people hold $85 billion in assets and pay less than half the tax rate paid by ordinary working people.
(2023-05-01). Saturday 5/20: Drag for Democracy. indybay.org The Commonwealth Club of California | 110 The Embarcadero, San Francisco, CA 94105…
(2023-04-30). Marjorie Taylor Green Challenged on Populist Bona Fides. scheerpost.com 
By Briahna Joy Gray and Robby Soave / The Hill Briahna Joy Gray Challenges Congresswoman Marjorie Taylor Green (R-GA.) on right wing populism and her true establishment bona fides, pressing her on issues like taxing the rich, military spending, corporate contributions, and wealth inequality. Robby Soave Robby Soave is a senior editor at Reason and host of Rising on Hill …
(2023-05-01). JAMA Internal Medicine —The Year in Review, 2022. jamanetwork.com The US enters the fourth year of the COVID-19 pandemic with increasing health care challenges. Medicare is heading toward insolvency, launch prices of new drugs are reaching an all-time high, and Congress is increasingly dysfunctional. At JAMA Internal Medicine, our hard work of promoting high-value health care that is accessible to all is more important than ever. Meanwhile, we are continuing to watch closely the implementation phase of reducing low-value care. The journal's Less is More series of articles, which is entering its 13th year, is as important as ever. In 2023, we hope to see progress on complex issu…
(2023-05-01). Commentary: How much extra would you pay to save the planet? channelnewsasia.com Companies are growing more confident about being able to charge high prices for low-emission products without worrying they'll be displaced by cheaper, dirtier alternatives, says Chris Bryant for Bloomberg Opinion.
(2023-05-02). Commentary: A gruesome severed fingertip tells a painful story about corporate Japan. channelnewsasia.com A delivery driver in Japan pressed on with his rounds after severing his fingertip while on the job. Though the man's decision was shocking by any standards, it drew widespread recognition, says the Financial Times' Leo Lewis.
(2023-05-01). Fate of First Republic Bank hangs in the balance as report on SVB collapse exposes "regulatory" framework. wsws.org The ongoing financial crisis raises the question of how many more mines are lodged within the system waiting to explode because the report on the collapse of SVB released last week by Fed vice chair Michael Barr makes clear its demise proceeded in plain sight.
(2023-05-01). WB Approves Loan to China for Agricultural & Rural Development. telesurenglish.net The international financial institution, World Bank, has authorized a loan of 345 million U.S. dollars. The Bank of China's Beijing office announced on Saturday that this loan is meant to bolster the advancement of environmentally friendly agriculture and of rural areas in the central Chinese provinces of Hubei and Hunan. | Related: | The allocated funds, in partnership with government subsidies, are intended to mitigate greenhouse gas emissions t…
(2023-05-01). Ukraine war: Why is the Pentagon actually running out of ammunition? indybay.org The larger problem is financialization. Step by step, this conquered all areas of society. And finally it also reached the holy grail of the military-industrial complex. With financialization came the neoliberal market doctrines of capacity reduction, downsizing, "lean inventories," and cutting costs wherever possible. They are the real drivers of the supply bottlenecks that are rampant everywhere.
(2023-05-01). Warren Says First Republic Bank Collapse Exposes the Rigged US Financial System. truthout.org Sen. Elizabeth Warren said Monday that the latest government bailout of a failing Wall Street institution shows how much the financial system remains rigged in favor of powerful banks and that it is beyond time for Congress to step up with increased oversight and reforms. Federal regulators Monday announced they had seized the entirety of First Republic Bank and sold it to JPMorgan Chase for an… |
(2023-05-01). The US Dollar is Finished. thealtworld.com Are You Ready for High Inflation and Collapsing Living Standards? | Paul Craig Roberts | US power since World War II has been based on its financial dominance stemming from the dollar being the reserve currency held by central banks in place of gold. As the dollar was the currency used to settle international trade accounts, every country needed dollars. That ensured a large demand for dollars to absorb the supply of dollars from the growing US budget and trade deficits. In effect, the dollar as world reserve currency allowed the US to pay its bills by printing money. | In recent years Washington's abuse of US fi…
(2023-05-01). $1 Billion Question: Will T.D. Jakes Help Wells Fargo Deflect Racist History Like Jay-Z Helped The NFL? moguldom.com Megachurch pastor and best-selling author Bishop T.D. Jakes has partnered up with financial giant Wells Fargo. While on the surface, the 10-year partnership aimed at promoting inclusive communities would seem groundbreaking, some are wondering if the deal was made to deflect from the big bank's racist history. Is the move by Wells Fargo similar to …
(2023-05-01). Association Between Industry Payments and Hyaluronic Acid Administration. jamanetwork.com This cross-sectional study assesses the physician and financial factors associated with the use of hyaluronic acid to treat knee osteoarthritis.
(2023-04-30). IMF publishes multi-year plan to implement CBDCs; it may spell the end of our financial freedom and autonomy. expose-news.com On 10 April, the International Monetary Fund ("IMF") published the 'IMF Approach to Central Bank Digital Currency Capacity Development'. It outlines the IMF's multi-year strategy for aiding central bank digital currency ("CBDC") …
(2023-04-30). Iran's Tanker Seizure Came After the US Stole a Shipment of Iranian Oil. news.antiwar.com Iran's recent seizure of a US-bound oil tanker came after the Biden administration forced a tanker carrying Iranian oil to deliver the cargo to the US instead of China, Financial Times reported Friday. Using the pretext of sanctions enforcement, the US Justice Department seized the tanker Suez Rajan with a court order with the cooperation …
(2023-04-30). Striking Workers At U. Michigan Are Building Powerful Solidarity. popularresistance.org The morning of April 28, I was stumbling around making coffee, checking the strike news on Twitter. It's been about a month now since my graduate student instructor colleagues voted overwhelmingly to strike, facing down the legal and financial powerhouses at the University of Michigan. I only had to scroll for a second, then I just sorta had to sit down. | There was a picture of about 20-30 people in a beer garden on a gray springy afternoon, fists raised and smiling. The message was from grad students, lecturers, and faculty from UC Santa-Cruz; they had held a fundraiser and were donating $600 to the University…
(2023-05-02). South Korea April inflation eases to 14-month low, matches expectations. channelnewsasia.com
(2023-05-02). Not easy to get English-speaking foreign workers for customer-facing roles, recruiters say. channelnewsasia.com Foreign workers who can speak English are sought after in many countries, where they can get a higher salary than what Singapore companies offer, employment agencies say.
(2023-05-01). Commentary: Spending time on your own can be good for you. channelnewsasia.com We need to recognise the benefits of solitude and see it as a positive choice, not something that happens to us, says this Durham University psychology professor.
(2023-04-30). How Much NATO's Citizens Pay for NATO's Wars. strategic-culture.org 
The United States is indisputable leader in defense spending both in absolute figures and per capita. However, on the latter count the gap is not so dramatic with some Nordic countries demonstrating impressive propensity for making their citizens pay for war. | (Click on the image to enlarge)…
(2023-04-30). The Last Offensive of the Kiev Regime. strategic-culture.org The Ukrainian military junta is under intense pressure from its sponsors to finally prove that the over 158 billion dollars that the collective West has so far invested in it were absolutely worth spending. | The long-announced major offensive by military forces under the control of the criminal Kiev regime is inevitable; no one should doubt that anymore, and it is really only a matter of days before this large and massive operation will begin. However, Kiev is not rushing into this disastrous adventure because it is fully prepared for an offensive, as American General Christopher Cavoli, the commander of the Uni…
(2023-05-02). Singapore bank DBS Q1 profit jumps 43% to new high, beats estimates. channelnewsasia.com
(2023-05-01). Taiwan—A Pawn for U.S. War on China. transcend.org 27 Apr 2023 – While the U.S.-NATO war against Russia in Ukraine continues unabated, the U.S. is preparing at breakneck speed for war with China, using Taiwan as the excuse. Taiwan, like Ukraine, is a pawn. Surrounding China with military bases, nuclear weapons and military vessels is a highly dangerous provocation. U.S. wars are for corporate profit.
(2023-05-01). What Can "the Invisibles" Do to Make Wars Stop? transcend.org It is said that in a war everyone loses, but that is not true at all. There are those who make huge profits from the death and suffering of other human beings, of men, women and children like us: the Elites…
(2023-05-01). In Europe, working-class resilience on full display during May Day. peoplesdispatch.org Trade unions, as well as communist and leftist political parties, organized rallies across Europe on May Day, highlighting the issue of the cost of living crisis generated by imperialist war and profiteering by multinational companies. The resilience of the working class against repression and anti-worker policies was on display, especially in France and the UK, where governments have launched a full-fledged assault on the working class. | Workers across the UK, pushed to the edge by the COVID-19 crisis, were plunged further into despair over the past year. They experienced a fall in real wages and continuing inf…
(2023-04-30). Will there ever be accountability for Mass Murder by Covid "vaccine"? thealtworld.com ABC Refuses to Air RFK Jr. Comments About COVID-19 Vaccines | Here we have more conclusive proof of Tucker Carlson's reporting that ABC, NBC, CNN and the rest of the whore media are loyal to their profits and not to trut…
(2023-04-30). Nonprofit Shows How To Create An 'Aboveground Railroad' For Migrants. popularresistance.org In the 1980s, when Sendy Soto and her family left Guatemala for the United States in search of a better life, they followed in a long American immigrant tradition by making Chicago's Logan Square their home. | There, among her Mexican, Central American, Polish and other immigrant neighbors, Soto was instilled with a sense of community and a desire to help and work with Chicago's growing migrant population. | A 2020 report from the Vera Institute of Justice showed that 1.7 million migrants reside in Chicago, about 18% of the population, and 842,000 are at risk of deportation.
(2023-04-30). Workers Who Have Occupied An Italian Factory Are Close To Owning It. popularresistance.org The longest-ever factory in Italian history is taking place in Florence where the 300 workers are now making progress at turning it into a worker-owned non-profit that would pay the employees and produce products that would benefit the community. Should the workers succeed, it could provide an inspiration for others. | For three years workers at the former automotive parts factory, GKN Florence, were in limbo. According to Investigative Reporting Project Italy, in 2018 GKN was purchased by the British hedge fund Melrose, which went about enacting its motto of "buy, improve, sell."
(2023-05-01). People with severe obesity and a genetic pathway variant have increased risk of hypertension, Mayo Clinic research finds. newsnetwork.mayoclinic.org ROCHESTER, Minn. — Obesity and its associated cardiometabolic issues are a major health concern in the U.S. and internationally. According to a study published in 2017, 12% of the world's adult population was affected by obesity in 2016, double the percentage from 30 years earlier. With obesity comes an increasing risk of cardiovascular disease, including stroke, congestive heart failure and myocardial infarction. Fortunately, obesity is a multifactorial disease that results from an energy balance dysregulation…
(2023-05-01). A May-Day Message from Germany (1920). marxists.org Democracy and militarism embraced each other and united for the common struggle against the Left.
(2023-05-02). Why the sell-out by Germany's public service union Verdi must be rejected. wsws.org The new contract for public sector workers means a further reduction in real wages, which had already been massively reduced during the pandemic.
(2023-05-01). San Francisco Bay Area nurses set to strike against understaffing, falling real wages. wsws.org Nearly 300 nurses will strike this week after being kept on the job without a contract by the California Nurses Association bureaucracy for nearly two years.
(2023-05-01). Agitation By Teachers Forces Latvian Government To Increase Wages. popularresistance.org An intense three-day strike by educators in Latvia, led by the Latvian Education and Science Workers' Trade Union (LIZDA), forced the coalition government headed by Krisjanis Karins to increase their wages. LIZDA organized a major protest march in the Latvian capital of Riga on April 24 and went on a three-day strike until April 27. | Subsequently, in a meeting with the union leadership on April 25, government authorities in principle agreed to increase teachers' pay, with additional funding of EUR 4.168 million (USD 4.59 million). On April 26, an emergency meeting of the cabinet approved the agreement for additi…
(2023-04-30). Workers' resistance grows in Germany amid layoffs, cuts in real wages and exploitation. wsws.org Discontent and a willingness to fight is spreading in the working class in Germany. However, success requires a perspective that can organise the struggles independently of the trade unions such as Verdi and IG Metall.
(2023-05-01). For a massive and noisy May Day. internationalviewpoint.org "We must engage in the political battle to get rid of this illegitimate government and work for a revolutionary break with capitalism, for a democratic, eco-socialist society, free of exploitation and oppression." | – | / |
(2023-05-01). Cine Liberación: El cine revolucionario que necesitamos. peoplesworld.org 
En su manifiesto de 1969, Hacia un Tercer Cine, los cineastas argentinos Fernando Solanas y Octavio Getino definieron el Tercer Cine como "un cine de liberación" que se oponía a los valores del primer y segundo cine. Describieron el primer cine como "el cine comercial dominante", al servicio del capitalismo y el imperialismo estadounidenses; El …
(2023-05-01). The Coming War — Time To Speak Up. popularresistance.org In 1935, the Congress of American Writers was held in New York City, followed by another two years later. They called on "the hundreds of poets, novelists, dramatists, critics, short story writers and journalists" to discuss the "rapid crumbling of capitalism" and the beckoning of another war. They were electric events which, according to one account, were attended by 3,500 members of the public with more than a thousand turned away. | Arthur Miller, Myra Page, Lillian Hellman, Dashiell Hammett warned that fascism was rising, often disguised, and the responsibility lay with writers and journalists to speak out. T…
(2023-05-01). John Pilger: The Coming War. scheerpost.com 
By John Pilger In 1935, the Congress of American Writers was held in New York City, followed by another two years later. They called on 'the hundreds of poets, novelists, dramatists, critics, short story writers and journalists' to discuss the 'rapid crumbling of capitalism' and the beckoning of another war. They were electric events which, …
(2023-04-30). The State And The Future Of Socialism. popularresistance.org We are in the midst of a class war. That's not unusual. There is always class war in capitalism — although sometimes it is hidden and sometimes there is the interlude of an apparent Carthaginian Peace. But the class war has intensified now because of the crisis in capitalism — a crisis rooted in the over-accumulation of capital. And, in this crisis, capital has intensified the class war against the working class. Austerity, cutbacks, the need to sacrifice — these are the demands of capital as it calls upon workers to bear the burden of capital's own failures. This is a war conducted by capitalis…
(2023-05-01). Chris Hedges: The Enemy From Within. mintpressnews.com The war industry, a state within a state, disembowels the nation, stumbles from one military fiasco to the next, strips us of civil liberties and pushes us toward suicidal wars with Russia and China.
(2023-05-01). Reportan incendio en la zona industrial de Matanzas. cubadebate.cu El equipo de prensa del Telecentro Provincial de Matanzas informa sobre un posible incendio en áreas de la zona industrial yumurina. Hasta el momento, se desconoce la magnitud y las causas del humo que se ha visto en la zona. Sin embargo, en estos instantes ya no se divisa humo sobre la bahía, lo que indica que la situación podría estar bajo control.
(2023-05-01). New Report On The US Military Industrial Complex's Revolving Door. thealtworld.com In this free clip from the "Unauthorized Disclosure" podcast, Rania Khalek and Kevin Gosztola discuss a report on the U.S. military industrial-complex, particularly the revolving door between the government and military contractors. | As of 2021, 672 former government officials, military officers, members of Congress, and senior legislative staff were working for major military contractors like Boeing, Raytheon, or Lockheed Martin.
(2023-04-30). BREAKING: Russian Massive Strikes Hit Ukrainian Military In Dnepropetrovsk Region. southfront.org 
Click to see full-size image | Russian forces have launched another massive attack on Ukrainian military facilities far from the front line. So far, Russian strikes have been reported in the city of Pavlograd in the Ukrainian Dnipropetrovsk region. | Russian missiles and kamikaze UAVs were reportedly used for the attack. | According to preliminary reports, at least eight explosions have already thundered in the city. The targets were reportedly the warehouses and in the industrial zone. Damage to trains and railway…
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(2023-05-01). Indian government derecognizes leading postal unions over aid to farmers' struggle, purchase of books. peoplesdispatch.org The All India Postal Employees Union and the National Federation of Postal Employees were reportedly derecognized based on complaints by a postal union with ties to the RSS, the parent organization of the ruling Bharatiya Janata Party…
(2023-05-01). As Canadian government workers push to expand strike, union leaders stay silent on negotiating blitz. wsws.org Rather than alerting federal government workers and the working class more broadly to the government's strikebreaking plans, the PSAC bureaucrats have fallen silent.
(2023-05-01). Dayton FRSO holds successful May Day events. fightbacknews.org Dayton, OH – On April 29, approximately 15 activists gathered in Dayton's courthouse square to celebrate International Workers Day. The event was organized by the Freedom Road Socialist organization under the banner of "celebrating the continued struggle for the liberation of the international working class." | Event speakers highlighted various areas of struggle in which FRSO is currently engaged. They spoke to the gains recently made in Chicago with the push for community control of the police, the growing solidarity movement around the Tampa 5, and a summation of the recent border delegation andthe need for l…
(2023-05-01). Foreign Agents Registration Act is a tool to repress descent. fightbacknews.org Minneapolis, MN — On April 18, the Department of Justice announced new indictments and arrest warrants for the leadership of the African Peoples Socialist Party (APSP) and the Uhuru movement. The Department has alleged that Omali Yeshitela, Jesse Nevel and Penny Hess conspired to act as unregistered foreign agents, in violation of the 18 U.S.C. ß 951 – a statute related to the little known Foreign Agents Registration Act (FARA). | FARA is a piece of federal law that dates back to 1938, and specifically to Special Committee on Un-American Activities, the precursor of the now-infamous House Un-American…
(2023-05-01). UK: Nurses speak from the picket lines during strike over pay. wsws.org World Socialist Web Site reporters spoke to nurses on the picket lines during their strike across England on May 1.
(2023-05-01). May Day 2023: For the international unity of the working class against national chauvinism and war! wsws.org The following is the text of the opening report delivered by David North, chairperson of the International Editorial Board of the World Socialist Web Site, to the International May Day Online Rally 2023, held Sunday, April 30.
(2023-05-01). 'Operation Freedom:' Remembering Venezuelan Opposition's Failed Coup d'Etat 4 Years Ago. orinocotribune.com 
This Sunday, April 30, the revolutionary forces of Venezuela's civic, military, and police unions met at the Distribuidor Altamira bridge in Caracas to remember the failure of "Operation Freedom," an attempted coup carried out in 2019 by Juan Guaidó and opposition leader and fugitive from justice Leopoldo López in their desperate endeavors to overthrow the legitimate government of president Nicolás Maduro. | The vice president of the United Socialist Party of Venezuela (PSUV), Diosdado Cabello, began his speech at around 6 a.m., accompanied by the tune of "Gloria al Bravo Pueblo," the Venezuelan national anthem,…
(2023-05-01). Cuba ready to give its own blood for Vietnam, says Roberto Morales. plenglish.com Hanoi, May 1 (Prensa Latina) Cuba remains ready to give its own blood for Vietnam, the member of the Political Bureau and Secretary of Organization of the Communist Party (PCC) Roberto Morales said while paying an official visit to Vietnam.
(2023-04-30). The quiet revolution: peace breaking out all over the middle east. thecommunists.org After half a century of failed 'peace initiatives', 'road maps', 'deals of the century' and 'shuttle diplomacy', peace appears to be breaking out all over the middle east — without any help at all from Uncle Sam. It seems that the biggest contribution to peace that can be made by the United States is via …