Westpac was the last of the big four banks in Australia to announce its annual profit. It made the biggest — a whopping $6.3 billion, 84% higher than 2008-09. The Commonwealth Bank made the second biggest profit this year, $6.1 billion (up 42%). It was also the first bank to announce it would raise its interest rates for home mortgages more than the latest Reserve Bank interest rate rise. ANZ made $5 billion (up 53%) and NAB $4.6 billion (up 63%). The big four made a total profit of $23 billion.

Readership of the Green Left website had a 13.3% rise in October compared to September. This perhaps reflects the interesting developments in Australian politics since the failure of the big parties to win a parliamentary majority in the August 21 federal election.

Mike Smith, the CEO of the ANZ Bank has fumed about Liberal-National shadow treasurer Joe Hockey’s recent populist rhetoric against the four big banks that increasingly dominate the Australian economy. “The Liberals’ economic credentials have been hijacked by out-there proposals”, Smith said in the October 29 Sydney Morning Herald. “Mr Hockey seems to be on some kind of personal vendetta. It would appear he has been taking economics lessons from Hugo Chavez.” Has Hockey been taking lessons from Venezuela’s socialist president?

Greens federal parliamentary leader Senator Bob Brown spoke in the parliamentary debate on the Australian military intervention in Afghanistan on October 25.

Just 8% of the world’s population owns 79.3% of the world’s total wealth, a new study by the research wing of the giant Swiss bank, Credit Suisse found, Sam Pizzigati said on the A World of Progress blog on October 18. Further, 35.6% of all wealth is held by just 0.5% of the world’s 4.4 billion adults. On the opposite end of the scale, 68.4% of the world’s adults get to share just 4.2% of global wealth.

A crude and jingoistic appeal to Australian patriotism is the last refuge of the pro-war scoundrels as we approach the Australian parliamentary debate on Afghanistan. Australia sent troops to Afghanistan in October 2001, but it has taken nine years for parliament to discuss this act of war. Is this how Australia’s celebrated democracy works? Australian troops were sent to wage wars on an impoverished, already war-devastated and traumatised country without even a discussion in parliament, let alone a vote.

A crude and jingoistic appeal to Australian patriotism is the last refuge of the pro-war scoundrels as we approach the Australian parliamentary debate on Afghanistan. Australia sent troops to Afghanistan in October 2001, but it has taken nine years for parliament to discuss this act of war. Is this how Australia’s celebrated democracy works? Australian troops were sent to wage wars on an impoverished, already war-devastated and traumatised country without even a discussion in parliament, let alone a vote.

Popular Thai newspaper Prachatai has reported that, a woman was arrested on October 3 at a freedom bike ride by United Front for Democracy against Dictatorship supporters (popularly known as the Red Shirts) in Ayutthaya for selling slippers with Thailand’s military-installed Prime Minister Abhisit Vejjajiva’s face on them. The slippers were printed with the message, “People died at Ratchaprasong” — referring to the May 19 military massacre against the Red Shirts’ mass protest camp in Bangkok.

To meet our $300,000 Green Left Weekly fighting fund target this year, we need less than half of what Commonwealth Bank CEO Ralph Norris gets paid in just week. GLW supporters have raised $165,406 so far this year. To make the target, we need to raise a further $134,594. Every fundraising dinner, harbour cruise, jumble sale or fundraising barbeque will count in the dash to the finish. Week after week, we will ask our supporters for donations. It will be a struggle to raise $134,594.

According to a report in Prachatai, a popular Thai newspaper, a woman was arrested at freedom bike ride by United Front for Democracy against Dictatorship supporters (popularly known as the Red Shirts) in Thailand’s historic city of Ayutthaya for selling slippers with Thailand’s military-installed Prime Minister Abhisit Vejjajiva’s face on them. The slippers were printed with the message, “People died at Ratchaprasong” – referring to the May 19 military massacre against the Red Shirts’ mass protest camp in Bangkok.