austerity

GREEN LEFT REPORT #9: Feminism's resurgence, Venezuelan eyewitness + more

This episode focuses on feminism's resurgence and Venezuela's unfolding revolution. It includes activist news on Stop CSG protests, Global Noise protests, plus Carlo Sands on the European Union's Nobel Peace prize win, and a performance by 1000 eyes at Occupy.

Tony Abbott’s woes mount as public deserts him

New polls show that had an election been held in mid-August, Tony Abbott's federal Coalition would have suffered a 7.5% swing against it. The Prime Minister’s prevarication on marriage equality and the scandal over entitlements are fueling the dissent.

The IPSOS-Fairfax and Essential Research polls revealed that the Coalition would have lost between 36 and 44 seats — with Labor and the Greens being the main beneficiaries.

Protests reject TPP as corporate power grab

There were huge protests against the Trans-Pacific Partnership held across New Zealand on August 15. About 10,000 protesters marched in Auckland, 5000 in Wellington, 4000 in Christchurch and thousands more in other parts of the country.

The TPP is a free trade deal being negotiated by countries on the Pacific rim: the US, Australia, Singapore, New Zealand, Chile, Brunei, Canada, Malaysia, Mexico, Peru, Vietnam and Japan. These countries represent about 40% of global GDP.

China's economic woes foreshadow global slowdown


Factory making high-speed trains, a symbol of China's rapid growth.

The dramatic slowing of China’s economy has significant consequences for world growth. Official statistics likely overstate China’s official growth rate of 7%.

Greece: New elections called, Left Platform to run own candidates

Greek Prime Minister Alexis Tsipras announced Thursday that he will step down and call snap elections for September 20, after facing strong resistance from within his own SYRIZA party.

“I will ask the Greek people if they think we have made achievements,” said the prime minister. “You will decide how we will recuperate the Greek economy, with your vote you will decide the future of Greece.”

Letter from the US: Bernie Sanders taps anger, but Democratic Party a trap

Vermont Senator Bernie Sanders’ campaign to become the Democratic Party’s presidential candidate for next year's race has broken into the mainstream.

Pitching left, Sanders consistently draws far larger crowds to hear him speak than any other aspirant in either the Democratic or Republican parties. Polls show his support is climbing, and in one state, New Hampshire, he has moved ahead of the Democratic front-runner, Hillary Clinton. He may win some states in the Democratic primaries.

Zombie neoliberalism threatens Ecuador's 'citizen's revolution'

Ecuadorian President Rafael Correa and social movements behind Ecuador’s “Citizens' Revolution” are engaged in yet another battle against the South American country's entrenched elites.

Supporters of Correa marched through the capital of Quito on August 12 to the presidential palace, where they intend to maintain a permanent presence to help defend the elected government.

The next day, violent opposition protests led to 86 police officers being injured, the interior ministry said, along with 20 civilians and three members of the press.

Greece: SYRIZA on brink of split over new bail out deal

By any logic, Greece's SYRIZA-led government should be sinking in the opinion polls.

At the Brussels Eurosummit of Eurozone leaders on July 12, SYRIZA Prime Minister Alexis Tsipras agreed to a set of draconian preconditions for obtaining a third €86 billion bailout. The decision effectively reversed the opposition to austerity on which SYRIZA was elected in January.

Irish gov't drowning in water scandals, protests


Anti-water charge protests in Letterkenny, County Donegal on November 1.

The Irish government’s unpopular public utility, Irish Water, has been dealt a body blow. It failed two key tests within the space of a fortnight — gifting a huge victory to opposition parties and the huge anti-water charges movement.

Puerto Rico defaults on debt

For the first time in its history, the US colony of Puerto Rico has gone into default, Moody's Investors Service said on August 3.

The news comes after years of economic turmoil in the island, produced mainly by the 2007-2010 recession and housing crisis that have affected the US.

The default came soon after the island's Government Development Bank announced that it was only able to make a partial payment on its US$72 billion debt.

This debt crisis directly hurts the Caribbean island's residents, since the debt is mostly owned by residents through credit unions.

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