Archive | May, 2022

On Friday, May 6, the Federal Reserve released data showing that consumer credit (debt) has been accelerating since the fourth quarter of last year, with revolving credit (largely credit card debt) speeding up at an even greater pace since the third quarter of 2021.

The American establishment and the new cold-warriors of that country put the blame on the Sri Lankan government’s developing close economic relations with China (and we shall no doubt hear much more of it in the coming days); others blame the sheer “irresponsibility” of the government which is accused of “sleeping” when Sri Lanka’s external debt was building up.

Two new books trace the history of global inaction over the climate emergency, and seek to identify the culprits.

In the first two weeks of May 2022, the Malian military government ejected the French military and withdrew from the French political project, G5 Sahel. Deep resentment spread across Mali because of the civilian casualties from French military attacks and because of the French government’s arrogant attitude towards the Malian government.

The Russian regime-change theory motivating U.S. sanctions against the Russian oligarchs is that they will trigger a palace coup in which the oligarchs will arrange a bullet for President Vladimir Putin’s head, and in return the U.S. will give them back the keys to their yachts, mansions, and offshore bank accounts.

A vital effort to establish a legal right to a living planet could soon move forward—but the Biden administration is trying to stop it.

The baby formula crisis that is threatening the lives of infants across the U.S. deepened this week as the out-of-stock rate for baby formula on store shelves surged to 70 percent for the week ending May 22. The shortage rate during the previous week was 45 percent, according to the retail tracking firm Datasembly.

Eight years ago in Odessa, the neofascist element in Ukrainian politics, then led by Dmitro Yarosh’s Right Sector, burned to death, shot, and otherwise killed at least some 45 anti-Maidan regime picketers inside the Trade Union Building.

Communard Robert Longa defended an industrialization process that counters capitalist logic.

The chancellor of the exchequer of Britain, whose official residence is only next door to the British prime minister’s, is Rishi Sunak, a person of Indian origin. Britain’s home secretary is Priti Patel, also of Indian origin.

As the Left in power returns, the lessons of the Pink Tide have become increasingly relevant. Recognizing governments’ well-conceived policies as well as their errors is key to understanding the comeback.

While barely covered in Western media, Esper’s confessions have caused a storm of commotion in the South American nation. However, Diego Sequera, a Caracas-based investigative journalist, told MintPress that few were taken aback by the news.

The Russian “special military operation” in Ukraine reached its 90th day and the Western press continues to be inundated with unverified claims of war crimes Russian forces allegedly have committed. Accusations have been lodged against the Russian military for mass graves in Bucha, a narrative which has been widely accepted in North Atlantic Treaty Organization (NATO) countries.

The Party for Socialism and Liberation expresses our deepest condolences to those impacted by the horrific massacre that was committed at Robb Elementary School in Uvalde, Texas. We condemn in the strongest possible way this atrocious attack, and express our solidarity to the families, children, teachers, and community members who experienced and witnessed the tragedy and its aftermath.

The joint air patrol over the waters of the Sea of Japan and the East China Sea on Monday by an air task force composed of Russian Tu-95MS capable of carrying nuclear weapons and Chinese H-6K strategic bombers couldn’t have been a knee-jerk reaction to U.S. President Joe Biden’s Asia tour, leave alone his provocative remarks conjuring up an apocalyptic U.S.-China war over Taiwan. 

The prohibition against Huawei dangerously aligns Canada with the NSA and other members of the Five Eyes spy network.

The Biden Administration’s recent decision to return  U.S. troops to Somalia represents another effort on the part of the U.S. to deny agency and independence to African people. On the 59th commemoration of African Liberation Day, the Black Alliance for Peace expresses its unequivocal opposition to this redeployment.

This massive escalation by the U.S. and NATO is being billed as a “coalition of the willing,” echoing the words used by the Bush administration to describe the 2003 invasion of Iraq.

U.S. President Joe Biden is to host the Summit of the Americas in June, where he hopes to deepen Washington’s hegemony over the Americas.

The gains and setbacks in the movement for Black lives prove how racism is woven deeply into the fabric of capitalism and US society.