National Australia Bank takes a kick in the CDOs
Source: Serve The People
The sub-prime mortgage crisis which developed in the USA in August 2007 continues to develop.
As noted bourgeois commentator Henry C.K.
read more »IMPLICATIONS AND CONSEQUENCES OF THE GLOBAL FINANCIAL CRISIS TO THE PEOPLE’S ANTI-IMPERIALIST MOVEMENT
Contribution to the Forum on Global Financial Crisis,
Third International Assembly, Hong Kong, 19 June 2008
By Prof. Jose Maria Sison
Chairperson, International Coordinating Committee
International League of Peoples’ Struggle
I wish to comment on the gravity of the current financial crisis of the
world capitalist system and on the impact of this in the various major
contradictions in the world, with special attention to the people’s
resistance in Asia, Africa and Latin America and in the imperialist
countries.
Gravity of the Global Financial Crisis
The economic and financial crisis of the US and world capitalist system
has worsened to a new and unprecedented level since the Great
Depression.
‘Financial catastrophe looms’
ABC NewsRadio
By economics correspondent Stephen Long
The Bank for International Settlements (BIS) says global markets may still be set for severe economic downturn.
Last year, when inflation was low and the world economy was still strong and stable, BIS gave a a prescient warning about the growing risks that could bring it all undone.
In its latest annual report, released last night in Basel Switzerland, BIS gives a grim and candid assessment.
read more »Noel Washington:litmus test of Rudd’s IR credibility
Bob Briton
Noel Washington, a Victorian official of the CFMEU’s Construction Division, will front a Geelong court on August 8 facing the prospect of a six month jail sentence for refusing to attend an interrogation ordered by the Australian Building and Construction Commission (ABCC). The case has brought to a head major disagreements between the trade union movement and the Rudd Labor government over the Howard-era building site Gestapo. The ACTU Executive voted unanimously last week to support a campaign against the commission to be spearheaded by the CFMEU and other building unions.
read more »river murray rally
An open letter to
Prime Minister Rudd, Federal Water Minister Wong,
South Australian Premier Rann and Water Minister Maywald.
You are invited to address the people who gather, in support of the River Murray, on the steps of Parliament House, Adelaide, on Friday August 1st at 11.30am.
read more »Climate protesters shut down coal port
Matthew Knott
POLICE arrested 37 activists who chained themselves to a train and rail tracks at Newcastle Port yesterday, shutting down the world’s largest coal port for seven hours.
Protest organisers said up to 1000 people marched to the Carrington coal terminal to demonstrate against government inaction on climate change.
About 100 people scaled or cut through fences to enter the rail corridor and tie themselves to a fully loaded coal train.
read more »SA teacherstake EB campaign to the streets
John Heywood
Around 9000 members and supporters of the Australian Education Union (AEU) took industrial action in South Australia last Tuesday. It was the first time schools have closed for a full day in twelve years and the first time in around two decades under a Labor government. AEU members in the Adelaide metro area descended on Rymill Park where they began a noisy march to the steps of Parliament House.
read more »Feeding Profits -
How Capitalism Made the World Food Crisis
a Politics in the Pub forum, presented by Socialist Alliance
According to the UN nearly a billion people are starving or suffering from malnutrition & the recent price rises have added another 100 million people to this category.
Meanwhile, the annual cost of dealing with over-eating and obesity in the rich countries is estimated at US$120 billion a year.
If the money spend on commercial advertising were cut by just 1/4 US$250 billion a year would be freed up to feed people
Is there a way out of this madness?
You are invited to a public forum with our guest speakers
Dick Nichols, Socialist Alliance national convenor and author of Environment, Capitalism, Socialism
a representative from Reclaim the Food Chain, Friends of the Earth
Thursday July 10, 7pm.
read more »Environmental Activists’ Conference
“Climate Emergency – No More Business as Usual!”
Adelaide, October 10-11, 2008
**** Currently confirmed speakers include: David Spratt, author of Climate Code Red; Dr Mark Diesendorf, Institute of Environmental Studies, University of NSW; Professor Barry Brook, Director, Research Institute for Climate Change and Sustainability, University of Adelaide; Renfrey Clarke, Green Left Weekly environment correspondent ****
The Environmental Activists’ Conference “Climate Emergency – No More Business as Usual” will be held from Friday 10 October to Saturday 11 October 2008. The conference is designed to provide an open forum for education, ideas, solidarity and campaigning perspectives on how to avert the global warming threat. It aims to initiate wide-ranging discussion that will include exchanges between climate scientists and educators, activists and community organisations, environmental groups and concerned individuals.
read more »