anti-corporate

The threat by US President Donald Trump to unleash nuclear war against North Korea is not a Trumpian “excess”.

That has been made clear by his Secretary of Defense, retired Marine General James Mattis, who backed Trump. The administration is demanding that North Korea freeze its nuclear program, including the testing of missiles.

I know exactly where I was on August 9, 2007. It was a hot summer’s day — “debtonation day”.

Bankers all over the world had lost their collective nerve and refused to lend to each other. The globally synchronised financial system froze, and began its descent into sustained failure. It then took more than a year, and Lehman Brothers’ collapse, before the world understood the gravity of the crisis.

Ten years on, that slow-motion crisis, a prolonged period of disinflation, noflation and deflation, is still playing out.

More than 200,000 protesters marched through Mumbai, disrupting traffic and straining the railway network, to press their demands for quotas in government jobs and education.

Rising unemployment and falling incomes are driving farming communities across India to redouble calls for reserving jobs and education, especially for the underprivileged Maratha community in western India.

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Environmentalists from Uruguay, Brazil, Argentina and Paraguay marched on August 5 in the department of Paysandu, Uruguay, to protest against oil and gas exploration being carried out by Australian company Petrel Energy. The company’s exploratory works, and potential exploitation, threaten the integrity of the Guarani Aquifer, one of the world’s largest deposits of groundwater.

Since 2013, Petrel Energy has been the majority shareholder in the US company, Shues

Locals took to the streets of Penrith on August 5 to rally against a controversial plan by Dial A Dump and its director Ian Malouf to build a waste-to-energy incinerator at Eastern Creek, in Sydney’s west.

The rally marched to the electorate office of Minister for Western Sydney Stuart Ayres. It was timed to coincide with an Upper House inquiry into energy-from-waste technology due to begin on August 7. 

The Democratic Socialists of America (DSA) held their national conference in Chicago on August 5 and 6, at a gathering that confirmed its emergence as stronger, younger and more radical group than it has ever been.

Before last year’s US presidential election, the DSA boasted between 7000-8000 members. Since then, it has ballooned to 25,000 members — mostly young and hungry for a fight.

The case for re-nationalising the Commonwealth Bank of Australia (CBA) is becoming stronger every day. The latest in a string of scandals to hit "Australia's leading bank" is the revelation the CBA is facing allegations that its Intelligent Deposit Machines (IDMs) were used by money launderers and criminal gangs to process millions of dollars in cash.

Queensland Premier Anastacia Palaszczuk’s 2015 election commitments to transparent decision making, no “secret deals” and that the Adani project must “stand alone on its feet ... on the economics of the project itself” have been challenged by documents released under a Right to Information request.

Pakistan’s Supreme Court ruled unanimously on July 28 to disqualify the country’s prime minister, Nawaz Sharif, from office in relation to the exposure of secret assets as part of the Panama Papers leaks.

The court has referred Sharif’s case to the country's top anti-corruption authority for an investigation into his family's offshore assets. His party, the Pakistan Muslim League-Nawaz, will have to appoint an interim prime minister to serve until the next election, due midway through next year.

As the 19th round of trade negotiations for the Regional Comprehensive Economic Partnership (RCEP) took place in Hyderabad, India from 17-28 July, trade unions and civil society groups in the country have joined forces to voice concerns over the trade deal, and called for more transparency. 

RCEP is a proposed mega regional free trade agreement (FTA) being negotiated by 16 countries, including ASEAN members and its six FTA partners — namely India, China, Australia, Japan, South Korea and New Zealand.

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