The stock market has surged past its former high recorded in October 2007, before the financial crash and Great Recession.
“With the Dow Jones Industrial average [at] a record high,” writes a columnist in a front page article in the New York Times, “the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold”.
“That gulf helps explain why stock markets are thriving even as the economy is barely growing and unemployment remains stubbornly high.
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Overdress: The Shockingly High Cost of Cheap Fashion
By Elizabeth Cline
Penguin, 2012, 244 pages
$37.95 (hb)
Every year, Americans buy 20 billion garments, mostly from mass market clothes-makers such as Gap, Tommy Hilfiger, Nike, Wal-Mart and Target. They then throw away 13 million tons of it says a reformed clothing-addict, Elizabeth Cline, in Overdressed.
Charity shops can’t soak up the excess with less than 20% of thrift-shop clothing donations sold on. Most of the rest goes to landfill.
The huge, genuine and spontaneous outpouring of grief that has enveloped Venezuela in the days since Hugo Chavez passed away on March 5 show that the late Venezuelan president was no ordinary politician.
Hundreds of thousands of people flooded the streets to accompany Chavez's coffin on its way from the hospital where he died to the military academy where his body is currently lying in state, clad in the red that symbolises the Bolivarian revolution and chanting “the people united will never be defeated”.
We all know that the Independent Commission Against Corruption (ICAC) is busy at the moment. One or two troubling matters that go to planning applications in the coal mining industry.
ICAC was set up in 1989 by former Liberal Premier, Nick Greiner. Ironically enough, Greiner was referred to ICAC in 1992 and found to have corruptly offered former Liberal turned Independent, Terry Metherell, a public service position, as a director of the Environmental Protection Authority.
This is an excerpt from a talk Green Left Weekly journalist Ewan Saunders gave at a Walkey Media Talk called "Trust me, I'm a journalist" on February 27 in Brisbane.
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In answer to the question have journalists lost the public trust, it depends on what media you’re talking about. I don’t think it’s the right question to be asking because the way the mainstream media develops and its trajectory is not changing.
We have known for some time that the death of Venezuela's socialist President Hugo Chavez was probably coming soon. But that did not make it any easier for many of us when it came.
Cynics, and worse, have started to pour scorn on the mass grief in Venezuela and around the world.
Chavez wasn't just a leader of a revolution in a faraway Latin American country. He was a hero and champion of people all around the world precisely because he broke so radically from the ugly mould of most 21st century politicians.
Hundreds of students and staff joined the National Tertiary Education Union (NTEU) picket lines at the Sydney University on March 7.
Members of the Community and Public Sector Union (CPSU), the Finance Sector Union, the Maritime Union of Australia, and the Construction Forestry Mining Energy Union supported and attended the picket.
The picket was followed by a 300-strong rally. The NTEU has voted to stop work again for 48 hours if management does not cooperate during bargaining.
Green Left Weekly’s Rachel Evans spoke to several participants.
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In a raw emotional outpouring, hundreds of thousands of Venezuelans walk along side the coffin of President Hugo Chavez. Leaders and people across Latin America have joined the mourning.
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