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How could a BRICS+ bank and settlement currency work? Economist Michael Hudson explains
Economist Michael Hudson details how BRICS could create a mutual settlement currency for payment imbalances among central banks and build an alternative to the financialized neoliberal model of the dollar/NATO bloc.
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Humor in the headlines over China in Latin America
Apparently in a grave threat to U.S. national security, the president of Honduras attended a state banquet and actually ate Chinese food. What’s next for the country the ‘Post’ affectionately describes as “long among the most docile of U.S. regional partners?”
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Agencies that promote nuclear power are quietly managing its disaster narrative
Let’s start with the total amount of radiation that the Fukushima-Daiichi nuclear power plant STILL contains today. The spent fuel at the site contains 85 times more cesium-137 than Chornobyl and 50,000 to 100,000 times more than the Hiroshima bomb.
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International uproar following mass raids and arrest of Indian journalists
There has been an outpouring of solidarity following the raid and arrest of journalists in India, who have been targeted as a result of baseless accusations published in the New York Times.
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Experiments with truth, India: Truth and dare in Bhima Koregaon
The Bhima Koregaon–Elgar Parishad ‘Maoist’ conspiracy case is a grand experiment with truth where the State is daring the people to stand up for justice.
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Statement by Newsclick on Oct 3 raids by Special Cell of Delhi Police
We have not been provided FIR copy, or informed about the exact particulars of the alleged offences. Electronic devices have been seized from Newsclick premises and homes of employees without any adherence to due process.
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Indian police raid major Left news website, detain journalists, based on New York Times article attacking left activists
Delhi police on Tuesday raided the offices of news media company NewsClick. The news media house has been under investigation for allegedly receiving funds from China.
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Destroying forests for profits: India
THE Modi government, ever solicitous of corporate interests, has launched a plan whereby real estate developers and other corporates will be allowed to destroy large swathes of India’s forest cover for starting projects that rake in profits. It is amending the Forest Conservation Act to remove those forest patches that are not deemed as such by the government from protection under the Act.
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“This fight is Global”: Workers around the World are standing with striking U.S. autoworkers
From Brazil and Mexico to South Africa and Malaysia, international labor solidarity is aiding the UAW’s fight to reverse the global race to the bottom.
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War of economic corridors: the India-Mideast-Europe ploy
The India-Middle East-Europe transportation corridor may be the talk of the town, but it will likely go the way of the last three Asia-to-Europe connectivity projects touted by the west-to the dustbin. Here’s why.
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Blinken’s ‘variable geometry’ for a New Cold War
What is clear is that the ruling strata in Washington are settled on the primacy of containing China.
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Venezuela: Gov’t to launch China-backed anti-poverty program
The Social Equality and Happiness Mission will adapt the Chinese experience to the Caribbean country’s reality to alleviate poverty and inequality.
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In jail for 5 years, activist Mahesh Raut gets bail in Elgar Parishad case
The 36-year-old tribal rights activist is one of the first five persons to have been arrested in the controversial case, on June 6, 2018.
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Sri Lanka’s dangerous domestic debt restructuring
The recent bailout agreement between the International Monetary Fund and Sri Lanka fails to address the economy’s structural problems. Instead, it focuses on highly regressive measures that disproportionately affect the working poor and are likely to exacerbate the country’s ongoing debt distress.
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U.S. moves to curtail China’s economic investment in the Caribbean
On March 8, 2023, General Laura J. Richardson of the United States (U.S.) Southern Command gave testimony at a congressional hearing wherein she issued a warning to U.S. lawmakers about the expansion of Chinese influence in the Caribbean that were at odds with purported U.S. interests in the region.
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The dismantling of democracy in India will affect the whole world
The text of the writer’s speech as she received the 45th European Essay Prize on September 12.
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U.S. stoops to conquer Global South with some Indian help
The impact of the G20 Summit in New Delhi on September 9-10 is to be measured by the consensus reached regarding the conflict in Ukraine.
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Othello and the War: Berlin Bulletin, September 11, 2023
The war in Ukraine, a horrific tragedy for the people of that unhappy country, fateful as well for many young Russians and potentially menacing for all the world, with burnished weapons of every size and destructive power waiting in silos or submarines for a slip, a blunder, a provocation.
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Washington’s expanding military footprint on China’s doorsteps
A series of announcements by the US reflect its large and still growing military presence across Asia-Pacific, particularly in East and Southeast Asia. Together, they reflect a continued and increasingly desperate desire by Washington to encircle and contain China.
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No respite for France as a ‘New Africa’ rises
Like dominos, African states are one by one falling outside the shackles of neocolonialism. Chad, Guinea, Mali, Burkina Faso, Niger, and now Gabon are saying ‘non’ to France’s longtime domination of African financial, political, economic, and security affairs.