There is good news and bad news. Let's have the bad news first.
Which bank? Umm, the whole lot of them, actually. But lets start with the bank, the Commonwealth Bank, because its profit report came out last week.
Having raised a total of $129,040 for the 2008 Green Left Weekly Fighting Fund, we are now more than half-way to our $250,000 target. Our supporters raised $5440 over the last week through donations and several successful fundraising events around the country.
Remember the “wealth effect”? Rapidly rising housing and share prices made people feel wealthy and so they borrowed big-time and became big-time spenders, and this supposedly makes for an endless economic boom. Just about every capitalist economist was singing from that cheery song sheet — until recently.
The Reverend Helen Elizabeth Cox died on July 15 after a short illness in hospital in Melbourne. A service was held on July 21 at Doncaster East Uniting Church, and was attended by her extended family, friends and the many people touched by her ministries.
Socialist Alliance and Democratic Socialist Perspective (DSP) member Colin Campbell died suddenly in the early hours on July 17.
When federal environment minister Peter Garrett paid a visit to a Sydney public primary school last term he discovered that the school had installed enough solar panels to supply three-quarters of its electricity needs.
We could see this disappointment coming a mile off. First, Professor Ross Garnauts report tells us the global warming problem is dire and demands immediate response, but then, he comes to the diabolical conclusion that we should leave the solution to a dodgy market mechanism: carbon pollution permit trading. Now, the Rudd Labor governments Carbon Pollution Reduction Scheme green paper on this all-important challenge offers to hand the biggest carbon polluting companies free permits to pollute.
We live in precarious times. Consider these two announcements over the last week: 1. The Bank for International Settlements (the international organisation of the world's central banks) warned that a severe global economic downturn seems
The current issue of Green Left Weekly is a two-week issue, so that GLW staff may participate in the "Turn anger into action" national Resistance conference in Sydney from June 27-29. (Visit http://resistance.org.au for full details.) The next issue
I declare a personal interest in this story. In 1976, I worked for a year in a James Hardie factory in Western Australia. We were producing asbestos cement sheets; at that time still a popular building material.
In the early morning of June 4, Malaysian activist, and one of my best friends, Toni Kasim passed away after an all-too-brief struggle against an aggressive cancer.
On June 5, I joined a suburban World Environment Day campaigning stall organised by Resistance, a socialist youth group in Australia.
They must think we are all idiots, said an exasperated Friend of Green Left last week in response to the parliamentary debate about rising petrol prices.
The Democratic Socialist Perspective (DSP), the group that initiated Green Left Weekly in 1991 as a broad left newspaper, has suffered a political split with minority critical of its continuing support for the Socialist Alliance as a new party project. This follows a nearly three-year internal debate in the DSP.
“Macquarie Bank bosses’ pay cut after profit cut warning”, was the headline of an article by Michael Sainsbury and Katherine Jimenez, in the May 21 Australian.