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Archive | July, 2011

India: Saying No to Iranian Oil to Please America

  “[A]n assessment of whether India is fully and actively participating in United States and international efforts to dissuade, isolate, and, if necessary, sanction and contain Iran for its efforts to acquire weapons of mass destruction, including a nuclear weapons capability (including the capability to enrich uranium or reprocess nuclear fuel), and the means to […]

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U.S. Sanctions and China’s Iran Policy

The Financial Times reports that Iran and China are “in talks about using a barter system to exchange Iranian oil for Chinese goods and services, as U.S. financial sanctions have blocked China from paying at least $20 billion for oil imports.”  According to the story, Tehran and Beijing are now discussing how to “offset” the […]

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Construction as Percent of GDP, 2005-2011

Weak Consumption and Shrinking Government Slow GDP in Second Quarter

Consumption grew at just a 0.1 percent annual rate in the second quarter, while government spending shrank at a 1.1 percent rate, holding GDP growth to 1.3 percent in the quarter.  This report also revised down first-quarter GDP growth to just 0.4 percent from a previously reported 1.9 percent.  Together, these numbers indicate that the […]

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Workers’ Assemblies: A Way to Regroup the Left?

  Herman Rosenfeld is a member of the Canadian Socialist Project and the Greater Toronto Workers’ Assembly, a new initiative aiming to reinvigorate working class and radical politics in the city.  He spoke to Tom Denning about the methods and activities of GTWA and the challenges it faces. Who initiated the GTWA, and with what […]

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Entangled in Neocolonialism: The Weight of Chains

An interview with documentary filmmaker Boris Malagurski Who in their right mind would actually want to be a colony?  That is the question asked in the opening section of The Weight of Chains, the latest film directed by Boris Malagurski.  His film demonstrates how the South Slavs emerged from centuries of colonial rule under the […]

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Ohio: Ballot Board Meeting on SB5

Dear friends: Secretary of State Jon Husted has called a meeting of the Ohio Ballot Board for Wednesday, August 3, 2011, at 10:00 a.m. in the Finan Finance Hearing Room of the Ohio Statehouse, to consider and certify the ballot language for three statewide issues appearing on the November ballot.  Of particular interest, the board […]

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Sense and Nonsense in the Balanced Budget Debate: A Socialist Response

  The Republicans have successfully changed the main emphasis of the economic debate from job creation to deficit control.  Why the urgency for balanced budgets?  After all, this anemic “recovery” has set itself apart from all previous post-war turnarounds precisely by its manifest failure to generate jobs.  Economic growth needs to considerably exceed 3% per […]

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The Debt Ceiling: A Guide for the Bewildered

  It is very difficult to explain American politics to those who are not Americans and/or have not lived here long enough.  Add to that the confusion over basic economic principles, and it becomes almost impossible to explain the debt-ceiling debate to rational people. As noted by James Galbraith, this is not a fiscal crisis, […]

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Facing Up to the Real Cost of Carbon

Your house might not burn down next year.  So you could probably save money by cancelling your fire insurance. That’s a “bargain” that few homeowners would accept. But it’s the same deal that politicians have accepted for us, when it comes to insurance against climate change.  They have rejected sensible investments in efficiency and clean […]

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India: The Latest Employment Trends from the NSSO

No sooner were the results of the 66th Round of the National Sample Survey Organisation (relating to data collected in 2009-10) released, than they became the subject of great controversy.  Surprisingly, the controversy was created not by critics of the government and its statistical system, but from within government circles! Some highly placed officials found […]

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