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Why Does the Guardian Ignore the Assassination of Peasant Activists in Venezuela?
Dear Guardian editors: We, the undersigned, ask why the Guardian has ignored one of Venezuela’s most serious human rights problems — the assassination of hundreds of peasant activists since 2001 by gunmen hired by wealthy land owners. On June 8, VenezuelaAnalysis.com reported a 10,000 person march on the National Assembly to demand justice for the […]
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Venezuelan Government Condemns Bombing of Libya’s State Television
Communiqué The president of the Bolivarian Republic of Venezuela, Comandante Hugo Chávez, in the name of the Venezuelan people and government, categorically condemns the illegal bombing perpetrated on Saturday, 30 July 2011 by the NATO military forces against the installations of the Jamahiriya, the Libyan state television. This barbaric act of the NATO constitutes the […]
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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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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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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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From Lender of Last Resort to Global Currency?Sterling Lessons for the US Dollar
Financial crises are bad news for the status of the currency in which the turmoil is denominated, right? So the US-made financial crisis must be bad for the dollar, right? And especially so because of the expansive dollar monetary policy that has ensued, right? Ambiguity on What “Strong Currency” Means Several economists appear to […]
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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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Jamaica Remains Buried Under a Mountain of Debt, Despite Restructuring
As the eurozone authorities move closer to accepting the inevitable Greek debt default/restructuring, there are some who have pointed to the Jamaican debt restructuring of last year as a model. It’s hard to imagine a worse disaster for Greece. It is worth a closer look at what has been done to Jamaica, not only as […]
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Credit Rating Agencies
Rating Agency: “Don’t take it wrong, but some companies are paying me to come here to tell you that you have no future.” Juan Ramón Mora is a cartoonist in Barcelona. This cartoon was first published in his blog on 14 July 2011 under a Creative Commons license. Translation by Yoshie Furuhashi (@yoshiefuruhashi | […]
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Kaiser Election Results KOed: Judge Orders Rematch between SEIU and NUHW
When the Service Employees International Union (SEIU) defeated the National Union of Healthcare Workers (NUHW) in balloting among 43,000 workers at Kaiser Permanente (KP) last October, SEIU Executive Vice President Dave Regan was exultant. SEIU’s victory was “a huge achievement,” he said. “NUHW is now, for all intents and purposes, irrelevant. We’re thrilled.” On a […]
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Brazil Needs to Quit Haiti
U.S. diplomatic cables now released from Wikileaks make it clearer than ever before that foreign troops occupying Haiti for more than seven years have no legitimate reason to be there; that this a U.S. occupation, as much as in Iraq or Afghanistan; that it is part of a decades-long U.S. strategy to deny Haitians the […]
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Revolt in the Arab World, But Not in Iran — Why?
Iran is a different case because the country already had a revolution in 1979. Even those Iranians who are in the opposition called for reform within the system rather than revolution. It is not a climate of fear that explains the survival of the Islamic Republic but the absence of revolutionary fervour. No state can […]
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What Happened at Fukushima and Why It Can Happen Here
“The primary cause is an extended loss of power at the power plant, as ironic as that might be. When the earthquake occurred, the normal grid was lost, and the plant’s own in-plant power from the generators was also lost because of the result of the earthquake. . . . The tsunami came in […]
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Price Formation in Financialized Commodity Markets: The Role of Information
Excerpt: The mid-2000s marked the start of a trend of steeply rising commodity prices, accompanied by increasing volatility. The prices of a wide range of commodities reached historic highs in nominal terms in 2008 before falling sharply in the wake of the financial and economic crisis. Since mid-2009, and especially since the summer of […]
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US Embassy at Work in Syria
“Conspirators Wanted” Victor Nieto is a cartoonist in Venezuela. His cartoons frequently appear in Aporrea and Rebelión among other sites. Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). Cf. Fayez Nahabieh, “Réflexion sur les origines de la crise syrienne et les moyens d’en sortir” (InfoSyrie, 15 July 2011); Alastair Crooke, “Unfolding the Syrian Paradox” […]
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Electricity Privatization in Brazil
Privatized electricity distribution companies, strangling working people with high electric bills . . . Carlos Latuff is a Brazilian cartoonist. Cf. “On one hand, daily productivity gains made by professionals working in the electricity sector are not reflected in their salaries. On the other hand, consumers are already paying high costs at the end of […]
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Global Oil Prices
There was a time when global oil prices reflected changes in the real demand and supply of crude petroleum. Of course, as with many other primary commodities, the changes in the market could be volatile, and so prices also fluctuated, sometimes sharply. More than anything else, the global oil market was seen to reflect not […]
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Prisoners Strike against Torture in California Prisons
The torture of prisoners in U.S. custody isn’t confined to foreign countries. For more than two weeks, inmates at California’s Pelican Bay State Prison have been on a hunger strike to protest torturous conditions in the Security Housing Unit (SHU) there. Prisoners have been held for years in solitary confinement, which can amount to torture. […]
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Still Trying to Detonate a War against Syria
Still lacking a fire starter called diplomacy, Uncle Sam fails to detonate a war against Syria. Hamid Karout is a Syrian cartoonist. This cartoon was first published in Tishreen on 14 July 2011; it is reproduced here for non-profit educational purposes. Cf. “‘The OIC has a strong desire to build national dialogue between governments and […]