2022-05-28: News Headlines

____ (2022-05-28). The US baby formula crisis and capitalism's indifference to the lives of children. wsws.org In the wealthiest country in the world, store shelves are empty and millions of families are now facing a desperate struggle to find essential nutrition products for their babies and toddlers.

____ (2022-05-28). Newark, New Jersey healthcare workers strike against low wages and understaffing. wsws.org The union is working to limit the latest rebellion by healthcare workers against intolerable conditions that jeopardize patient care.

____ (2022-05-28). In wake of Texas school shooting, Trump glorifies police and vigilante violence at NRA convention. wsws.org Trump seized on the horrific massacre to portray the Democrats' feckless calls for mild gun control measures as a "war on the police," part of a socialist-communist conspiracy against "law-abiding American patriots."

____ (2022-05-28). Australia's crisis election: The way forward for the working class. wsws.org The meeting will outline the socialist and internationalist perspective the working class requires as it enters into struggle against the new Labor government's program of war and austerity.

____ (2022-05-28). Sri Lankan pseudo-left FSP holds talks with right-wing parties. wsws.org The Frontline Socialist Party has abandoned its previous phrase-mongering, now insisting that socialism is a task for the distant future, and offering the false hope of solutions within capitalism by ending corruption and making token reforms.

____ (2022-05-28). New South Korean government plans onslaught on working class. wsws.org The new right-wing administration intends to exploit the economic crisis to deepen the attacks on workers and remove restrictions on the ability of big business to maximize profits.

____ (2022-05-28). Australia's Labor government demands "sacrifices" from workers. wsws.org Labor claims to have suddenly discovered that the budget situation is "dire" so "significant savings" must be found and "productivity" driven up with the help of the trade unions.

____ (2022-05-28). Australian Education Union rams through deal to slash Victorian teachers' pay and conditions. wsws.org The sell-out is a sharp expression of the role being played by all the unions in enforcing government and business demands that workers pay for the deepening global crisis of capitalism.

Staff (2022-05-28). Consejo de Ministros define prioridades del plan de la economía cubana para 2023. cubadebate.cu Tenemos que llevar al país, partiendo de nuestro propio esfuerzo, a una situación diferente en lo económico y en lo social, y eso debe tener un reflejo en el plan que vamos a trabajar para el 2023, dijo Díaz-Canel al referirse en la reunión del Consejo de Ministros a las indicaciones para iniciar la elaboración del plan de la economía y el presupuesto.

Chris Walker (2022-05-27). GOP Senator Ron Johnson Used Taxpayer Money for Vacation Travel Expenses. truthout.org Sen. Ron Johnson (R-Wisconsin) has been using taxpayer dollars to pay for trips from his Florida vacation home to Washington D.C., spending thousands of dollars this year alone, a new report has revealed. | Johnson, whose For his travels to the vacation home, Johnson has…

2022-05-28 12:06 | 08:06 EST | jz | 12 | 0 | 1 | 9 | 0 

2022-05-27: News Headlines

Our Reporter (2022-05-27). Gov't orders striking Nurses, Midwives back to work or get fired. plusnews.ug The ongoing nurses and midwives strike is illegal. This is according to the Ministry of Public Service. The Ministry's declaration comes after nurses and midwives under their union, the Uganda Nurses and Midwives Council on Tuesday laid down their tools due to the government's failure to reveal their salary increment in the next financial year. …

Lee Siu Hin (2022-05-27). 5/26 Lee Siu Hin Journey to China 2022: My China Activism, Factfinding & Solidarity Workin. indybay.org My Shanghai Lockdown Life, Challenge and Community Spirit in Lockdown Shanghai at Socialist China…

Newsnetwork.mayoclinic (2022-05-27). Questions and answers about monkeypox. newsnetwork.mayoclinic.org Current concerns The Centers for Disease Control and Prevention has indicated a U.S. resident tested positive for monkeypox after returning to the U.S. from Canada. The CDC also is tracking multiple clusters of monkeypox that have been reported in early to mid-May in regions that don't normally report monkeypox, including in Europe and North America. What is monkeypox? Monkeypox is an infection from animals caused by a virus closely related to the smallpox virus. Infection…

Newsnetwork.mayoclinic (2022-05-27). Helping children cope with school shooting: Tips for talking about tragedy. newsnetwork.mayoclinic.org As the nation tries to comprehend the shooting at a school in Texas that claimed 21 lives, many are now trying to find ways to have conversations with their children to help them cope. Listening to your child at this time is important, says Dr. Paul Croarkin, a Mayo Clinic child psychiatrist. "Listening provides comfort, stability and safety for children," says Dr. Croarkin. All children have different communication styles. Initially, they may not want to discuss what…

2022-05-27 20:40 | 16:40 EST | jz | 6 | 0 | 0 | 4 | 0 

2022-05-26: News Headlines

Staff (2022-05-26). George Soros Exhorts West to Defeat Putin. orinocotribune.com US-Hungarian billionaire George Soros, the godfather of color revolutions, called for the prompt defeat of the Russian president Vladimir Putin in order to save Western civilization. | At Tuesday's annual meeting of the World Economic Forum (WEF) in Davos, Soros warned that the Russian military operation in Ukraine could be the beginning of a Third World War, which would become at the end of Western civilization. | "The best and perhaps only way to preserve our c…

_____ (2022-05-26). US Federal Reserve says its goal is 'to get wages down'. popularresistance.org The chairman of the US Federal Reserve, Jerome Powell, said his goal is "to get wages down." | In a press conference on May 4, Powell announced that the Fed would be raising interest rates by half a percentage and implementing policies aimed at reducing inflation in the United States, which is at its highest level in 40 years. | According to a transcript of the presser published by the Wall Street Journal, Powell blamed this inflation crisis, which is global, not on the proxy war in Ukraine and Western sanctions on Russia, but rather on US workers supposedly making too much money.

Staff (2022-05-26). Bank of Venezuela Initiates Public Offering in Stock Exchange. orinocotribune.com The measure was taken within the framework of recent actions announced by President Nicolás Maduro to boost and revitalize the economy. | This Wednesday, May 25, the Bank of Venezuela announced the start of its public offer of 5% to 10% of its capital on the Stock Exchange for individuals or organizations, national or international economic actors, who are interested in the development of the country. | The information was shared by the financial institution on its Twitter account, with a statement highlighting that the measure seeks to "boost and revitalize the economy," becoming the first public company to make…

Staff (2022-05-26). Why Is US Easing Some Sanctions On Venezuela? Economic Blackmail, Oil, & Russia. multipolarista.com The US government has announced that it is lifting a small number of sanctions on Venezuela. A major left-wing newspaper in Turkey, BirGàºn, interviewed Multipolarista editor Benjamin Norton about the situation. His comments follow below: 1) What do you think about the reports in the US media which say that the USA will ease a few …

2022-05-27 00:54 | 20:54 EST | rz | 6 | 0 | 0 | 4 | 0 

2022-05-25: News Headlines

Newsroom (2022-05-25). WEF calls for new partnerships to generate private capital for fragile communities. moderndiplomacy.eu The World Economic Forum released today a paper that calls for new collaboration between humanitarian and development organizations, businesses, investors and entrepreneurs to make a difference to the lives of the nearly 1 billion people living in fragile and conflict-affected settings worldwide. Cultivating Investment Opportunities in Fragile Contexts: Catalysing Market-Driven Solutions to Strengthen Community and Economy …

_____ (2022-05-25). Relations between Russia and Algeria are Developing Rapidly. journal-neo.org Unlike Europe, Russia did not leave a colonial imprint on the Arab world. Moreover, it was Moscow that in the previous century was actively involved in decolonization, in freeing many Arab states from their previous political and economic dependence on the West, in creating their own economies and policies independent of Europe. Russian-Arab cooperation received …

Anis Chowdhury (2022-05-25). Fighting inflation excuse for class warfare. mronline.org SYDNEY and KUALA LUMPUR. A class war is being waged in the name of fighting inflation. All too many central bankers are raising interest rates at the expense of working people's families, supposedly to check price increases.

Kathy Fairfax (2022-05-25). Help Socialist Alliance stay on the ballot in NSW. greenleft.org.au You may have helped Socialist Alliance gain federal registration last year and recently seen us on the ballot. Can you now help us in New South Wales, Kathy Fairfax asks?

Ian Angus (2022-05-25). Ecosocialist Bookshelf — May 2022. greenleft.org.au Climate & Capitalism editor Ian Angus presents six new books for understanding and changing the world.

____ (2022-05-25). Arconic workers denounce United Steelworkers contract proposal. wsws.org Aluminum workers continue to denounce the USW's proposed contract, which would result in a huge loss in real wages over four years.

Madaar (2022-05-25). Sudanese communists alert to increase in state repression following arrests. peoplesdispatch.org On May 19, Sudanese security forces raided the home of the political secretary of the Sudanese Communist Party, Muhammad Mukhtar al-Khatib, and took him to an unknown destination, according to the party's official page. | After the leaders of the Sudanese Communist Party were arrested in Juba, the Sudanese security forces arrested two leaders of the anti-coup movement of last October. They have since been released, but the incident has been widely denounced within the country and internationally. | The legal sector of the Sudanese Communist Party had explained in a press statement following the incident: "A team…

Staff (2022-05-25). Iran, Turkey discuss expansion of ties, multilateral coop. en.mehrnews.com TEHRAN, May 25 (MNA) — Iran's Deputy Foreign Minister for Economic Diplomacy Mahdi Safari met with Turkey's deputy foreign minister Faruk Kaymakcƒ± and discussed expanding the two countries' bilateral ties.

2022-05-25 11:26 | 07:26 EST | sr | 10 | 0 | 0 | 8 | 0 

2022-05-24: News Headlines

Capire (2022-05-24). Women in struggle sustain life in rural and urban areas. peoplesdispatch.org During the 3rd Continental Assembly of ALBA Movements, In light of the economic crisis created by the neoliberal government of the former president Mauricio Macri (2015-2019), as well as the difficulties imposed by the COVID-19 pandemic, grassroots feminist movements have organized r…

_____ (2022-05-24). Reflections On The Sri Lankan Economic Crisis. popularresistance.org So much has been written on the Sri Lankan economic crisis that the facts are by now quite well-known (see for instance C P Chandrasekhar, Frontline April 22): the massive build-up of external debt; the huge Value Added Tax concessions that pushed up the fiscal deficit and made the government borrow abroad even to spend domestically; the decline in foreign exchange earnings because of the pandemic that particularly hit tourist inflows; the downward pressure on the exchange rate which made many Sri Lankan workers choose the unofficial route to send their earnings home rather than the official route; the precipitou…

Anonymous103 (2022-05-24). Russia To Reach Record Trade Surplus &#1 ; The West's Financial War Has Failed. southfront.org Illutrative ImageThe West is losing both militarily and economically. Now it has to reopen diplomatic channels. | Written by Uriel Araujo, researcher with a focus on international and ethnic conflicts. | On March 1, French Finance Minister Bruno Le Maire, in an interview to France Info radio, described the Western sanction packages as "extremely effective" measures that would cause "the collapse of the Russian economy". This has failed &#1 ; the ruble has recovered, and analysts also expect Moscow's trade surplus to…

_____ (2022-05-24). United Nations: Four Key Climate Indicators Broke Records In 2021. popularresistance.org The UN's World Meteorological Organization released its annual State of the Climate report on Wednesday, and the result is a grim account of the progression of the climate crisis. | The report found that four key climate indicators broke records in 2021: greenhouse gas concentrations, ocean acidification, ocean temperature and sea level rise. | "Today's State of the Climate report is a dismal litany of humanity's failure to tackle climate disruption. Fossil fuels are a dead end — environmentally and economically," UN Secretary-General António Guterres said in response to the report, as The Guardian reported…

Robert P. Alvarez (2022-05-24). Cancel Student Loan Debt. Bail Out Regular People. otherwords.org I borrowed money to pay for college. Like 45 million other Americans who did the same, I owe student loan debt. | My generation was sold a pipe dream about what a degree could mean for our future. I wanted so badly for this dream to come true that I leapt at the opportunity to take out loans. | What I didn't know then was just how much the cost of higher education was soaring — and that colleges were hiking prices to take advantage of the federal government's willingness to help poor and low-income students like me cover tuition. | I remember talking to my college counselor about how she paid $240 a year to…

Johanna Kichton (2022-05-24). People's Action Institute and Data for Progress Unveil New Poll Showing Critical Need and Bipartisan Support for Housing Repairs. peoplesaction.org According to Poll, 1 in 4 Pennsylvania Voters Need Critical Repairs to Their Homes Contact: Johanna Kichton, press@peoplesaction.org, 202.660.0605 WASHINGTON, D.C.—People's Action Institute and Data for Progress today unveiled new research showing critical need and bipartisan support for public investment in housing repairs. The poll comes as housing prices and rent costs skyrocket in Pennsylvania …

Nora Garcia Nieves (2022-05-24). Europe is at a crossroads of neoliberalism and the aspirations of the people. peoplesdispatch.org "Neither war that destroys us, nor peace that oppresses us": This historic anti-war slogan of the Spanish feminist movement holds one of the fundamental keys to building a horizon of peace. It claims that peace is not just a ceasefire, nor is it surrender to or silence before those who impose their wars on others. Rather, peace is the building of a foundation for fostering relations based on mutual respect and cooperation. | Such an idea is neither naive nor impossible. Where there's a will, there's a way. | Building a new path based on a lasting peace is the only possible alternative for the sustainability of al…

Dave DeCamp (2022-05-24). US Mulls Sanctioning Countries That are Buying Russian Oil. news.antiwar.com As the US is looking for more ways to inflict damage on Russia's economy, the Biden administration The New York Times

2022-05-25 01:36 | 21:36 EST | jz | 10 | 0 | 0 | 8 | 0 

2022-05-23: News Headlines

JANET (2022-05-23). Sanctions — wrecking ball in a global economy. iacenter.org U.S. government strategists are using sanctions as a wrecking ball to demolish the globalized economy. It is a desperate struggle to preserve their global hegemony and a unipolar world. The policy of consciously demolishing supply chains of essential products amounts to a reckless war on defenseless civilian populations. Sanctions disrupt trade worldwide and send shockwaves far beyond the countries directly targeted. This is well understood by financial planners. "Food shortages — it's going to be real," President Joe Biden said in Brussels March 25 at a NATO press conference, an ominous warning reported ar…

Kevin Mwanza (2022-05-23). These 5 Hedge Fund Managers Are Getting Smoked As America's Speculative Bubble Pops. moguldom.com Equities analysts have been warning since the covid-19 pandemic asset price rally that U.S. markets are a speculative bubble at risk of bursting and causing serious economic pain for investors and hedge fund managers. A bubble occurs when asset prices increase in a short period to unprecedented levels, driven by demand that results in a …

Martin Hart-Landsberg (2022-05-23). Labor law failings, workplace organizing challenges, and possibilities for union renewal. mronline.org If you follow the news it must seem like joining a union is a step outside the norms of U.S. law.

Jailhouse Lawyers Speak (2022-05-23). Call for National 2022 Shut'Em Down Demonstrations. itsgoingdown.org Call for abolitionist 'Shut'Em Down' demonstrations and teach-ins from August 21st through September 9th in 2022. See report from 2021, here and here. We know it takes courage to continuously speak out and invoke change. People in U.S prisons are calling on you now to stand with us in strength and numbers in our ongoing…

____ (2022-05-23). Iran, Oman trade to increase dramatically after Raeisi visit. en.mehrnews.com TEHRAN, May 24 (MNA) — An Iranian economic official has said that the bilateral economic relations between Iran and Oman will increase fivefold in a five-year period after president Raeisi's state visit to Muscat on Monday.

2022-05-24 05:48 | 01:48 EST | jz | 7 | 0 | 0 | 5 | 0 

2022-05-22: News Headlines

Sam Wainwright (2022-05-22). Green Left Show #23: Greenslide, small targets, and progressive advance. greenleft.org.au Socialist Alliance national co-convenor Sam Wainwright spoke to the Green Left Show about the federal election result, what it means and what happens next.

Jacob Andrewartha (2022-05-22). Climate change makes it mark on Australian elections. greenleft.org.au The defeat of the right-wing Scott Morrison Liberal-National government on May 21 indicates that people want change. The election result, which shows a strong mood to act on the climate crisis and inequality, shows the grassroots climate movement has and is having an impact. | At this stage it looks like the Labor party will form a minority government with the support of Greens and the so-called "teal" independents, who were elected in Liberal heartland seats on a climate action, refugee rights and feminist platform.

Cherry Hitkari (2022-05-22). Holding on to Uncle Sam: US-Taiwan Relations. moderndiplomacy.eu The bilateral ties between the United States of America and Taiwan or the Republic of China (ROC) have developed through a peculiar and complex course. The relationship, however ambiguous, continues to form a crucial aspect of security relations in East Asia. Recognition, De-recognition When the Communist forces led by Mao Zedong expelled Chiang Kai shek's …

____ (2022-05-22). Iran inks confidential oil contract with foreign firm. en.mehrnews.com TEHRAN, May 22 (MNA) — The Manager of National Iranian Oil Company (NIOC) for Investment and Business Affairs announced the conclusion of a confidential contract, valued at ‚Ǩ500 million, with a foreign company.

_____ (2022-05-21). If Degrowth Is Coming, What Does It Propose For Workers? popularresistance.org In 2015, countries participating in the United Nations Framework Convention on Climate Change rallied around preventing the rise in average global temperatures beyond 1.5 degrees Celsius. With an average rise of 1.5—2.0 degrees, scientists predict 70—90% loss of coral reefs globally, an explosion of natural disaster—related deaths, and displacement of up to 1.2 billion people by 2050. | We already stand at an increase in average global temperatures of 1.2 degrees Celsius since the Industrial Revolution and, according to the World Meteorological Organization, there is now a 40% chance that the wo…

_____ (2022-05-21). The Radical Immigrant Farmers Who Helped Defeat The Robber Barons. popularresistance.org "I was born in Fayette County, Texas, from German parents, and who fled from the reaction [to] the 1848 revolution. I think that I inherited some of my revolutionary qualifications. I am not responsible for them. I cannot help it." | So testified E.O. Meitzen before the Commission on Industrial Relations in March 1915 about why he involved himself in the political struggles of working farmers. At the time, Meitzen was a veteran leader of the Texas Socialist Party. Nearly thirty years earlier, his inheritance led him to help organize and lead the Fayette County Farmers' Alliance. When the Farmers' Alliance failed…

_____ (2022-05-21). Amazon Won't Stop Union Busting And Firing Organizers. popularresistance.org On April 1, the Amazon Labor Union (ALU) achieved a historic victory when 55 percent of workers at a Staten Island warehouse voted to form the first Amazon union in the United States. The news shook the labor movement around the world as millions celebrated and the victory of these hyper-exploited workers against one of the richest men in the world. | Amazon has still not recognized the union, and has been trying to challenge the election results. In doing so, the company is delaying the start of the negotiation process for a first contract. The union busters who harassed thousands of workers at the JFK8 warehous…

_____ (2022-05-21). Workplace Bullying In Higher Education Is Rampant. popularresistance.org Grabbing her hair, the boss held scissor blades an inch from her face. "If you don't give me any brilliant ideas I'm going to cut your hair off," he deadpanned. | Was this a sick joke? Was he serious? She was alone in his office with him. She was petrified. | You might think this assault happened in some notoriously wretched workplace, the kind of abuse that only occurs in sweatshops halfway across the globe. | But you would be wrong. | This happened to one of us, Liz Adler. Liz was assaulted and threatened by a scissors-wielding professor five years ago in a prestigious laboratory at the University of California…

Roger D. Harris (2022-05-21). Why Are Colombian Election Candidates Auditioning in Washington? orinocotribune.com By Roger D. Harris &#1 ; May 19, 2022 | Staging a vice-presidential candidates Along with the Washington consensus crowd, members o…

2022-05-22 10:22 | 06:22 EST | jz | 11 | 0 | 5 | 4 | 0 

2022-05-21: News Headlines

____ (2022-05-21). All parties in Ontario's provincial election bear responsibility for the province's disastrous housing crisis. wsws.org For low-income workers or those in precarious employment who are fortunate enough to have "affordable" housing, a job loss or reduction in employment hours can quickly lead to homelessness.

____ (2022-05-21). Australia: Phony election promises will do nothing to resolve housing crisis. wsws.org The measures proposed by Labor and the Liberal-Nationals are aimed solely at maintaining record house prices and the profits of the banks.

____ (2022-05-21). Sri Lankan trade unions undermine workers struggles. wsws.org The unions called the protests in a bid to deflect the rising anger among workers, poor and youth over the ever-increasing prices and shortages of essentials.

Wei Hongxu (2022-05-21). Economic Challenges as the Fundamentals of China's Fiscal Issues. moderndiplomacy.eu China's Central Comprehensive Deepening Reform Commission (hereafter referred to as the Reform Commission) has recently highlighted the issue of fiscal and taxation system reform. The Reform Commission mandates that the sub-provincial fiscal system carry out the reform strategy outlined in the "14th Five-Year Plan", where it is recommended to adhere to the essential concepts of …

Newsroom (2022-05-21). Key Opportunities for Uzbekistan's Development. moderndiplomacy.eu The World Bank has released its new Systematic Country Diagnostic (SCD) report for Uzbekistan, which analyzes key challenges and opportunities for the country's development. The SCD contains policy recommendations for removing barriers to private sector growth, reducing the state's role in the economy, focusing on people and their human capital, and transitioning to a green …

Iqra Nasir (2022-05-21). Accusations to Acknowledgement: The Battle of Article 63 A. moderndiplomacy.eu The weather is heating up. As the May is ending, Political temperatures are soaring. The fate regarding the country's political and economic stability will be measured in the upcoming days. Earlier, PDM built momentum by taking on institutions. Maryam Nawaz raised the temperature by targeting key personalities and institutions. Allegations were bursting against the institutions …

2022-05-21 10:07 | 06:07 EST | jz | 8 | 0 | 0 | 6 | 0 

2022-05-20: News Headlines

He Jun (2022-05-20). Warning Signs in China's Economic Outlook as COVID-19 Spreads. moderndiplomacy.eu New variables both within and outside of China in 2022 have placed the country's economy under new pressure. In the first quarter, its economic growth rate was only 4.8%, which was 0.7 percentage points lower than the annual economic growth target of 5.5%, indicating that it will face challenges in stabilizing economic growth this year. …

Staff (2022-05-20). Enrique Ubieta: quisiera que mis textos contribuyan a hacer viable la Revolución, el socialismo. cubadebate.cu øCuál es la mejor forma de contar una historia? Muchos se hacen esta pregunta antes de emprender un proyecto. Para algunos es indispensable tener todos los elementos, otros acuden a su imaginación. Autores como Enrique Ubieta Gómez prefieren estar en el lugar donde se desarrollan los acontecimientos, compartir con sus protagonistas.

____ (2022-05-20). More than 1,000 COVID-19 deaths in New Zealand. wsws.org New Zealand has gone from having no COVID deaths for most of the pandemic, to now having one of the highest weekly death rates in the world, as a result of the Labour Party government abandoning its elimination policy.

____ (2022-05-20). Vote 1 for Socialist Equality Party candidates in the Australian election! wsws.org The Socialist Equality Party is standing Senate teams in three states in order to present a genuine socialist alternative to the broadest possible audience, and prepare for the convulsive working-class struggles ahead.

____ (2022-05-20). The pseudo-left Victorian Socialists in the Australian elections: Parochialism and parliamentary cretinism. wsws.org The Victorian Socialists' campaign has nothing to do with a fight against capitalism and its political defenders. Instead, the Victorian Socialists are seeking to consolidate a position on the "left" flank of that very political establishment.

____ (2022-05-20). Sri Lankan workers and rural poor must mobilize against the Rajapakse-Wickremesinghe austerity agenda! wsws.org Ranil Wickremesinghe, Sri Lanka's newly installed prime minster, delivered an address to the nation Monday that attempted to exploit the country's dire economic crisis to justify a massive assault on workers and rural toilers.

Anis Chowdhury (2022-05-19). When saviours are the problem. mronline.org SYDNEY and KUALA LUMPUR: Central bank policies have often worsened economic crises instead of resolving them. By raising interest rates in response to inflation, they often exacerbate, rather than mitigate business cycles and inflation.

Editor (2022-05-19). The ruling class in Australia. mronline.org Who rules Australia? The politicians, the ultra-wealthy class of capitalists or the high-powered bureaucrats who run the state—the military generals, court justices, heads of government departments and so on? The answer is all three. Together, they make up the Australian ruling class.

Editor (2022-05-19). What is the fetishism of commodities? mronline.org I was asked by a few comrades to explain Marx's concept of the fetishism of commodities, and with that, the main ways it has been misunderstood by both mainstream bourgeois academia and by well-meaning Marxists. The following short reflection attempts to do just that.

2022-05-20 09:04 | 05:04 EST | jz | 11 | 0 | 3 | 6 | 0 

2022-05-19: News Headlines

_____ (2022-05-19). How Europe Was Pushed Towards Economic Suicide. popularresistance.org As Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, wrote in early February, before Russia's intervention in Ukraine: | America no longer has the monetary power and seemingly chronic trade and balance-of-payments surplus that enabled it to draw up the world's trade and investment rules in 1944-45. | The threat to U.S. dominance is that China, Russia and Mackinder's Eurasian World Island heartland are offering better trade and investment opportunities than are available from the United States | The most glaring example is the U.S. drive to block Germany from authorizing the…

Editor2 (2022-05-19). We Have More in Common with Cuba than We Think. orinocotribune.com By Danaka Katovich &#1 ; May 13, 2022 | The American working class and Cubans both face an important task: demanding dignity from the imperial core that constantly works to undermine our right to life. | A week ago I returned to the United States from Cuba where I got to spend International Workers' Day with 100 other young organizers from the U.S. alongside over 700,000 other people who celebrated in Havana that day. With the International People's Assembly of North America, we spent a week learning about the Cuban socialist project and how the blockade imposed by the United States impacts life in Cuba. | For th…

_____ (2022-05-19). Caribbean Asks For Reparations. popularresistance.org Despite the COVID-19 pandemic on September 26, 2020 during the General Debate of the 74th session of the United Nations General Assembly the Prime Minister of Saint Vincent and the Grenadines Ralph Gonsalves said that […] the international campaign for reparatory justice, widely promoted by governments across our Caribbean Community and by social activists within the industrialized metropoles, must form part of any serious efforts to achieve the sustainable development agenda […]. | On November 3, 2020 during the "Peacebuilding and sustaining peace" debate organized by the United Nations Security Council the…

Anis Chowdhury (2022-05-19). When saviours are the problem. mronline.org SYDNEY and KUALA LUMPUR: Central bank policies have often worsened economic crises instead of resolving them. By raising interest rates in response to inflation, they often exacerbate, rather than mitigate business cycles and inflation.

Editor (2022-05-19). The ruling class in Australia. mronline.org Who rules Australia? The politicians, the ultra-wealthy class of capitalists or the high-powered bureaucrats who run the state—the military generals, court justices, heads of government departments and so on? The answer is all three. Together, they make up the Australian ruling class.

Editor (2022-05-19). What is the fetishism of commodities? mronline.org I was asked by a few comrades to explain Marx's concept of the fetishism of commodities, and with that, the main ways it has been misunderstood by both mainstream bourgeois academia and by well-meaning Marxists. The following short reflection attempts to do just that.

_____ (2022-05-19). How The Construction Industry Preys On Workers Newly Released From Prison. popularresistance.org Bernard Callegari, a member of the Construction and Building Laborers' Local 79 union in New York City, argues that every laborer in his craft jurisdiction deserves to work safely, with dignity and a fair wage. This is why he knew the union needed to take action when its members began to notice that a particular kind of worker was being taken advantage of in the local construction industry. | "We noticed that there was a huge upswing in the workforce that was being used by these body shops, that they were focusing on and targeting the formerly incarcerated as a workforce to be exploited," said Callegari. This con…

Julián Pilatti (2022-05-19). The results are in after four years of the IMF agreement in Argentina. peoplesdispatch.org The entire loan was used to finance the foreign exchange crisis and did not help to fight inflation, stabilize the dollar or overcome inflation.

Editor2 (2022-05-19). Globalization: Inequality in the Global Plantation. orinocotribune.com Editorial note: Orinoco Tribune does not generally publish articles that are over 10 days old. However, in this case an exception is being made, as the subject matter of the following piece remains as significant today as at the time of its publication. | By Prince Kapone &#1 ; Mar 22, 2013 | The current crisis of neoliberal capitalism has given rise to much resistance across the world, from the Occupy Wall Street movement in the U.S. to the political revolutions in the Middle East and North Africa. As capitalist regimes everywhere impose austerity measures on their populations, reducing the capitalist state to n…

_____ (2022-05-19). Brooklyn's Maison Jar Is One Of Many New Zero-Waste Grocery Stores. popularresistance.org At Maison Jar — a new grocery store located in Greenpoint, Brooklyn in New York City — silos of dry goods line one wall. Dried beans, grains, pasta, nuts, and coffee are beside bins of cooking staples like flour, baking soda, baking powder, and sugar. A refrigerator on the wall opposite holds industrial-sized jars of olives, racks of eggs, and metal trays of fresh produce, and a freezer is stocked with plastic bins of frozen fruit and vegetables. Prepared snacks like dried mangos, wasabi peas, gummy bears, and chocolate-covered nuts fill glass jugs on the center tables.

Kevin Mwanza (2022-05-19). Billionaire Crypto Founder Of FTX Exchange: Bitcoin Has No Future As A Payments Or Scaling Network. moguldom.com Sam Bankman-Fried, the 30-year-old billionaire founder of crypto exchange FTX and one of the most prominent executives in the crypto-sphere, said he believes Bitcoin does not have a future as a payment network. Bitcoin's proof-of-work system, which validates transactions on the world's largest blockchain, is not capable of being scaled up to deal with millions …

2022-05-20 00:41 | 20:41 EST | jz | 13 | 0 | 0 | 11 | 0