Jim McIlroy

As expected, the major banks are preparing to launch a media war against the Turnbull government’s proposed $6.2 billion bank levy, as outlined in Treasurer Scott Morrison’s May 9 federal budget speech.

Australian Bankers’ Association head Anna Bligh was furious. She said a campaign was being considered, claiming the government was playing “fast and loose” with the nation’s financial system.

Sydney bus drivers walked out on May 18 in a 24-hour strike against plans by the NSW Coalition government to privatise public bus services in the city’s inner-west.

The action, which defied the NSW Industrial Relations Commission (IRC), affected four bus depots: Leichhardt, Burwood, Kingsgrove and Tempe.

The Tax Justice Network (TJN) has criticised the failure of the federal government's review of the Petroleum Resource Rent Tax (PRRT) to recommend a new royalties regime to force the major gas corporations to pay their fair share of tax.

The review by former treasury official Mike Callaghan, instigated by federal Treasurer Scott Morrison last November, recognised problems with the existing PRRT system and recommended some changes for new liquified natural gas (LNG) projects.

Residents, unionists and supporters protested outside the NSW Department of Housing office in Redfern on May 10, following the first forcible eviction of a resident of Millers Point public housing.

Peter Muller, a 57-year-old electrician, was out working, when police broke into his home and removed a number of supporters who were defending the house.

Residents and supporters held a protest in Sydney Park on May 6, when contractors for the controversial $17 billion WestConnex tollway moved in to destroy more trees for the St Peters interchange.

The works are part of the project's push to remove more than 800 trees in Sydney Park, St Peters and Alexandria to allow widening of roads around the planned interchange.

The Big Four banks, ANZ, Commonwealth, National Australia Bank and Westpac, plus Macquarie Bank were hit by a surprise proposal for a $6.2 billion levy over four years in the federal budget on May 9.

Under the new measures, banks with liabilities of more than $100 billion will be taxed 0.06% on those “liabilities”.

Speculation about a new levy on the big banks sparked a run on banking shares, wiping $14 billion from their market value. Shares in the Big Four banks fell by between 2.1% and 3.6%.

A community assembly of more than 100 people marched onto the roadway outside Patrick Terminals terminal at Port Botany on May 4 and occupied the road for three hours, halting port operations for an entire shift.

The protesters were supporting of waterside workers at Patricks who are standing up to the company's attempts to de-unionise a section of the terminal.

Lord Mayor Clover Moore has announced the Sydney City Council will permanently close council-owned roads to restrict the impact of traffic from the controversial WestConnex tollway on local residents.

"To our friends in Latin America and the world, we say: 'The Cuban Revolution will win!'" German Hermin Ferras Alvarez, director of the Asia-Oceania region of the International Relations Department of the Central Committee of the Communist Party of Cuba, told a public meeting on May 3. The meeting of about 100 people was hosted by the Maritime Union of Australia and sponsored by the Australia Cuba Friendship Society (ACFS).

"Thank you all for your solidarity with Cuba," he said. "It is a source of inspiration to us to receive solidarity from this far-away part of the world.

A new campaign to “Repower NSW with clean energy” was launched on April 19, organised by the NSW Nature Conservation Council (NCC).

Professor Lesley Hughes, from Macquarie University told the crowd that human-induced climate change over the past 50 years meant the “Earth is warming 170 times faster now than in the past 7000 years”.

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