The G7 has agreed to stop buying Russian oil, as part of its programme of using economics sanctions as a war weapon. But up to now, energy imports from Russia have not been stopped because it would mean a catastrophe for the EU countries, particularly Germany.
Among the reasons for the victory of the “No”was the multimillion-dollar campaign of terror and “fake news” the No side mounted. The “No” campaign said the new constitution would establish a chaotic regime of expropriation of private property, including people’s houses…
Widespread flooding driven by devastating monsoons has affected 33 million in Pakistan—some 15 percent of the population. It includes some 650,000 pregnant women who are in dire need of care in flood-hit areas.
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.
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.
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.
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.
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.
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.
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.
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.
The Japanese economy contracted in Q1 2022. Record Covid-19 case numbers led the government to introduce quasi-state-of-emergency measures, which along with rising inflation caused private consumption and investment to fall. In Q2, the economy was still struggling.
Petro and Márquez will inherit a huge public debt, one of the largest in the history of Colombia, and acute social inequality. It is a situation of social emergency that requires rapid short-term measures, but it will also be necessary in the medium and long term to undertake a major structural reform, a reform of the system, and a change of economic model.
The composition of the National Assembly presages a continuation and amplification of the situation of political instability, with a minority “presidential majority” unable to govern alone.
We present the second part of the discussion dedicated to student initiatives. Protest decentralizing and the changing role of universities in Russia are at the heart of this debate.
