The recovery from the COVID slump of 2020 has petered out. The world economy is teetering on a slump according to the latest data by JP Morgan economists.
Analysis
Brazil: A “de-mediated” election
This article, originally appearing in the Uruguayan newspaper Brecha and reprinted by Correspondencia de Prensa, provides a preview of what is likely to be a nasty and hard-fought campaign.
Hard days on the picket lines, but baristas pour into unions
When one looks at the American labor movement today, one immediately sees an important contradiction. There are very few strikes, yet a considerable number of young people, most prominently at Starbucks, are organizing into unions.
Britain’s summer of industrial discontent
British workers have shown us that solidarity, strikes and class struggle are back on the agenda in the developed capitalist world. Even where unions are relatively weak and their parliamentary organizations hopelessly bankrupt, the working class still hold immense power.
More debt won’t solve Sri Lanka’s debt crisis
The causes of the crisis are clear. Sri Lanka’s economy is unstable and prone to global shocks, with its high dependence upon international loans, and focus on foreign currency-generating export industries.
Will support for abortion rights help the Democrats in November?
Today, liberals are hoping that the shocks of overturning of Roe, the revelations from the January 6 commission, and the GOP’s nominations of some truly awful candidates might provide some margin for hope that the Democrats won’t suffer the expected drubbing.
Crossing the US-Mexico border is deadlier than ever for migrants – here’s why
The June 2022 deaths of 53 people, victims of heat stroke, in the back of a tractor-trailer in San Antonio, Texas, show the dangers of crossing the U.S. southern border without authorization.
Calling a recession and blaming it on interest rates
Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive quarters, and so ‘technically’ (by that definition) was in a recession.
Texas abortion ban turned one woman’s pregnancy into a “dystopian nightmare”
“Anti-abortion zealots should be forced to read this…” asserted one journalist. “They are responsible for her suffering.”
The new progressive wave in Latin America: Between moderation and an intolerant right
The radical Uruguayan journalist and chronicler of Latin American social movements Raúl Zibechi is much less enthusiastic about new progressive governments. In the article below, Zibechi points out the real constraints, both external and self-imposed, that these governments will face.
‘Blatantly unconstitutional’ South Carolina bill would criminalize sharing abortion info online
Earlier this month, a coalition of reproductive rights groups filed a lawsuit in state court challenging the legislation, which Center for Reproductive Rights president and CEO Nancy Northup said is causing “mayhem at an unimaginable scale.”
Mass struggle in Sri Lanka forces president’s resignation
Hundreds of people streamed into the palace and quickly made themselves at home—diving into his pool, drinking his whisky, working out in his gym and cooking in his kitchen, marveling at the luxuries enjoyed by the man who oversaw the collapse of the country’s finances.
Trump’s scandals: Watergate on steroids
Until Donald Trump became president in 2017, former president Richard Nixon—the only president in U.S. history to resign from office—was widely regarded as setting the high-water mark for abusing the power of the U.S. presidency.
Energy: The recession trigger?
Far from forcing Russia to submit to NATO demands, any oil price cap is more likely to drive the oil price to near $200/bbl. That would trigger a global slump.
Britain: The removal of Boris Johnson – self pitying and delusional to the end
The resignation speech showed how delusional and self-pitying Johnson is. Like the spoilt, entitled rich kid he is, his removal was everyone’s fault but his own.
