The financial markets comprise many interlocking markets in different financial instruments. These are the basic ones:
Shares: A share is a tradeable certificate of part-ownership of a company listed on a stock exchange. A shareholder owns a part
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[The following statement was written on behalf of the AIDS Babies Battling AIDS (ABBA) Trust, the outspoken critic of South Africa's African National Congress government's policy of refusing to supply
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The Australian Stock Exchange will cop a pasting on May 1, when thousands of anti-corporate protesters blockade its offices and surrounding streets. The major reason for protesters' choice of target is obvious — the stock exchange
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Australia was the sixth largest land-clearing country last year, according to a report released by the Australian Conservation Foundation on March 1. The issue is now a political hot potato. The ACF report, Australian Land Clearing,
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Looking out: Ruddock's Racist Rhetoric If you look at a generation, you are looking at all people of that age. The question is do you allege that all of a particular age were affected by these measures? The actual answer is no Philip
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Big Kev is excited — and he should be, because he's discovered that, just like sex, nationalism sells (in his case, sells cleaning products). Big Kev is just another Aussie capitalist who's telling workers that they should
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The Democrats' leadership battle between current leader Senator Meg Lees and challenger Senator Natasha Stott Despoja was sparked by the party's poor results in the recent Western Australian and Queensland state elections where they
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The media coverage of Pauline Hanson has certainly built the following of One Nation. The media focus on Hanson during the lead up to elections in Western Australia and Queensland was astonishing. Following WA election night, the journalism in the
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$1.2 billion: One day's trading on the Australian Stock Exchange. $1 billion: The amount needed to restore public funding of higher education in Australia to pre-1990 levels. US$35.5 billion: One day's trading on the New York Stock Exchange.
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Actively Radical TV — Sydney community television's progressive current affairs producers tackle the hard issues from the activist's point of view. CTS Sydney (UHF 31), every Sunday, 9-11pm. Ph 9565 5522. Access News — Melbourne community TV,
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The Native Forests Network recently conducted a bus tour of the old growth forests of Tasmania's Huon Valley. This was their response to Forestry Tasmania's advertising blitz which urged people to "gather as much information as
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Socialist Alliance and the PLP — 1 Your reporting on the Socialist Alliance and position of leading members of the PLP in Sydney and Canberra was ambiguous and created a false impression. In Canberra there is, so far, no Socialist Alliance and
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Napster The new buzz word of the internet is P2P. This stands for peer-to-peer, and refers to the swapping of information between two people connected to the internet via their personal computers. P2P follows B2C (business to
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Two separate inquiries into the Australian government's refugee detention centres have confirmed reports that detained refugees have been harassed and the centres mismanaged. The picture that has emerged is of desert hell-holes
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"I want someone to explain to me why it isn't called murder", said Stephen Lewis, former deputy director of the United Nations Children's Fund, in an article in the January 26 Toronto Globe and Mail. Lewis was commenting on the fact
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The real power in global financial markets rests with "institutional investors", the professional speculators: Commercial banks: The traditional big boys of the financial world, commercial banks' basic business is retail: to pay depositors less
News
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Thousands of women and men turned out for International Women's Day rallies and marches around Australia last week. From Sydney, Lisa Macdonald reports that more than 3000 people wound their way through the city centre on the morning of March 10
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The case of eight stonemasons, who were kept in a barbed wire enclosure and paid $145 a month, has highlighted the exploitation of foreign workers in Australia.
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MELBOURNE — Representatives of the International Socialist Organisation, Democratic Socialist Party, Freedom Socialist Party, Workers' Liberty, Workers' Power, Socialist Democracy, the Progressive Labor Party and the Worker
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SYDNEY — Fred Nile's prayers for rain may have been answered but his prayers to halt this year's Mardi Gras were not. Between 400,000 and 500,000 people lined Oxford Street to watch the annual Gay and Lesbian Mardi Gras parade.
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SYDNEY — M1 Sydney's plans for a blockade of the city's financial district on May 1 took a significant step forward on March 8 with a successful media launch outside the Australian Stock Exchange's Bridge Street offices. Two
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PERTH — Resistance is urging high school students here to strike from 8.30am on May 1 and join the blockade of this city's stock exchange in protest at corporate globalisation. Amie Hamilton, a Resistance member and high school
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HOBART — Activists on the University of Tasmania's Hobart campus launched their campaign to encourage students to participate in the May 1 strike against corporate tyranny at a media conference here on March 8, announcing that they
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CFMEU secures workers entitlements SYDNEY — Sub-contractors working on luxury units at a Newport marina will be paid their entitlements despite their employer, Horvat Construction, leaving unpaid debts after going into voluntary liquidation.
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@subh= Lucky only 5% us live in dwellings "Ninety-five per cent of the economy showed good strong growth, but it was the 5% of the economy, namely, the dwelling part of the economy [that had caused the contraction]." — Treasurer Peter Costello
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ADELAIDE — McDonald's decision to sponsor this year's Clean Up Australia Day came under attack here on March 4, when 30 people protested outside the multinational's Rundle Mall store in protest at its hypocrisy. Representatives of the S11
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SYDNEY — In what will be the broadest left conference held in this city for many years, activists from the growing anti-corporate movement and a wide range of local campaigns will gather at the University of Technology's Markets
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MELBOURNE — The Port Phillip Action Group got more than they bargained for on February 25, when its "Resident Street Walk Against Street Prostitution and Drugs" through the streets of seaside St Kilda was met with 50
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Universities are back in full swing here in Queensland, and what better way to kick off a new semester than with a blatant and petulant attack on female students? Student paper Gravity, the publication of the Griffith
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BY JACQUI THOMAS & SAM KING ADELAIDE High school students have defied an attempt to prevent them attending a demonstration during school hours against One Nation leader Pauline Hanson. While one student, Resistance member Jess Griffin,
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Resistance high school students' magazine focuses on M1 DARWIN — Following a successful first edition of Student Underground, which contained news on local International Women's Day events and East Timor solidarity, Resistance members here are
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CANBERRA — The capitalist system wasn't unable to meet the needs of the majority of people, it was unwilling to, the Democratic Socialist Party's Max Lane told a forum held at the Australian National University here on March 7.
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BRISBANE — BHP Coal's head office here faces a protest by anti-corporate activists on March 16, who will act in solidarity with the struggle by BHP coalminers in central Queensland. As part of a campaign to expose "corporate
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Photo by Gail Lord. On March 7 bus loads of members of the Worker Communist Party of Iraq, the Worker Communist Party of Iran and their supporters held demonstrations outside the Iraqi and Iranian embassies in Canberra. The
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HOBART — The announcement on the eve of International Women's Day that the Women's Health Foundation (Abortion Clinic) will be closing has raised questions about the ongoing access of women in Tasmania to necessary health care.
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BRISBANE — Ross Daniels of Amnesty International told a public meeting here on March 1 that a 200-inmate immigration detention centre is planned for a yet to be revealed Brisbane site. Daniels also said that the federal ALP's
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BY JACKIE LYNCH& AMANDA PEARSON MELBOURNE — Fifty members and supporters of the Democratic Socialist Party and Resistance celebrated the opening of the DSP Melbourne northeast branch's new Resistance Centre on busy High Street, Northcote, on
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MELBOURNE — Two hundred and fifty people packed Trades Hall on March 8 to discuss the struggle of the Latrobe Valley power workers against attempts by Yallourn Energy and other privatised electricity corporations to slash jobs,
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SYDNEY — Paint company Mirotone has extended the lockout of its Queensland and NSW work force for another fortnight in an increasingly bitter campaign to break the 35-hour week and force workers out of the union and onto
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CANBERRA — After much debate over some months, the M1 Alliance here has decided to organise a peaceful blockade outside Mining Industry House, rather than join the blockade at the Sydney stock exchange. The decision was taken
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ADELAIDE — Five hundred construction workers marched on the offices of state workplace relations minister Robert Lawson here on March 8, angry that five of their colleagues have been killed on Adelaide building sites already this
World
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DILI — The "Draft Regulation on the Election of a Constituent Assembly to draft the Constitution of an Independent and Democratic East Timor" was presented to East Timor's National Council by the United Nations Transitional
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Various left forces and progressive activists in India are planning to launch a National Campaign Against Globalisation in New Delhi on March 21-23. An appeal for attendance at a conference, to be held over the three days to coincide the launch,
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"In all that we do, we will honour our obligation to provide protection for those fleeing persecution. We must not allow such tragic loss of life to continue." With this blatant lie British Prime Minister Tony Blair and Italian
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MEXICO CITY — The Zapatista National Liberation Army (EZLN) is marching on Mexico City to publicise the plight of Mexico's indigenous peoples and to press its demand for adoption of the San Andres peace accords to put an end to
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Following the lead of Brazil and South Africa, Kenya announced on March 6 that it plans to relax its patent laws to enable its population to buy cheaper drugs to fight HIV/AIDS. Health minister Sam Ongeri said he would introduce a
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Canadian police have launched a ferocious campaign to discredit, intimidate and, they no doubt hope, scare off would-be protesters from the April 20-22 Summit of the Americas (SoA) in Quebec City. Leaders from 34 countries of the
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BY CHRIS LATHAM & PIP HINMAN On February 20 the "cease-fire" between the Free Aceh Movement (GAM) and the Indonesian military (TNI) was extended for the third time since the so-called humanitarian pause in 2000. These declarations mean nothing,
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The world's automobile industry is headed for big trouble again. Having triggered each of the eight recessions in the United States since the second world war, the US auto industry is plagued once again by a crisis of
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SAN FRANCISCO — The richest US citizens are paying a declining share of their income even as their incomes grow more rapidly than everyone else's does. Yet President George W. Bush announced a budget that includes a tax cut proposal that will give
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In the face of rising police violence backed by the Hindu fundamentalist-dominated state government in Jharkhand, India's newest state which came into existence only in November, the Communist Party of India (Marxist-Leninist) led a
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PARIS — A delegation from the Daewoo Workers' Joint Struggle Committee arrived here on February 23 to internationalise their current struggle against the bankrupt South Korean automobile manufacturer. The delegation is made up of Yu
Culture
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Globalisation Unplugged: A compilation of 3CR's S11 coverageProduced by Rachel Maher and Juliet Fox$20 Available from 3CRPh: (03) 9419 8377Email: <staff3cr@vicnet.net.au>PO Box 1277,Collingwood Vic 3066 REVIEWED BY SUSAN PRICE The
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The Bogus WomanBy Kay AdsheadPerformer: Noma DumezweniBush Theatre, London REVIEW BY JONATHAN STRAUSS Detention of refugees, and their resistance to the inhumane situation in which this places them, is not confined to Australia. England also has
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REVIEW BY PHIL SHANNON Vietnam and Other American FantasiesBy H. Bruce FranklinUniversity of Massachusetts Press, 2000256 pp, $59.95 (hb) Elvis is alive and living in Los Angeles. Our planet is regularly visited by extraterrestrial beings who