Economy

Brazil has been hit by protests demanding 'Fora Temer' (Temer out) since the right-wing political was first temporarily installed in May. Brazil's de facto president Michel Temer was sworn in on August 31, after the country's Senate voted to impeach suspended President Dilma Rousseff.
The CEO of a former Fortune 500 company, who is also the daughter of a U.S. senator, is under fire for jacking up the rates of life-saving anti-allergy device known as the EpiPen. Heather Bresch, whose father is U.S. Sen. Joe Manchin, D-W.Va., became president of Mylan Pharmaceutical in 2009 and CEO in 2012. She is no stranger to controversy: She moved Mylan's headquarters to the Netherlands last year after a corporate “inversion” merger with Abbott Laboratories.
Nobel Prize-winning economist Joseph Stiglitz has reiterated his opposition to the Trans Pacific Partnership (TPP), saying on August 23 that United States President Barack Obama’s push to get the trade deal passed during the upcoming lame-duck session of Congress is “outrageous” and “absolutely wrong”. The TPP is a huge proposed trade deal involving 12 Pacific Rim nations, including Australia. It encompasses 40% of the world’s GDP. It was negotiated in secret, but draft chapters published by WikiLeaks confirmed anti-TPP campaigners’ worst fears of a huge power grab by corporations.
Sacred Stone Camp. Growing in number and spirit, the Standing Rock Sioux protest against the Dakota Access Pipeline is swiftly gaining strength, as a federal hearing delayed a decision on the controversial project on August 24.
Coca-Cola, McDonald's, Visa and the rest of the corporate sponsors of the August 5–21 Olympic Games in Rio de Janeiro won't be paying any taxes on the money they earn due to a tax exemption law that is set to cost Brazil hundreds of millions of dollars.
Residents of the favela of Horto protest against the imminent demolition of their community. “I am absolutely convinced that history will talk of the Rio de Janeiro before the Games and the much better Rio de Janeiro after the Olympic Games,” said Thomas Bach, president of the International Olympic Committee.
“More tax is not the answer.” This was an actual statement made by Treasurer Scott Morrison on August 24 in response to a proposal from the Western Australian Nationals for a mining tax on Rio Tinto and BHP Billiton.
Radical Radio: Celebrating 40 years of 3CR 3CR.org.au, $49.50 I love this book. It is a showcase of four decades of Melbourne community radio station 3CR — one of Australia’s oldest and most progressive broadcasters, intertwined with the local and national landscape of political struggle from the mid 1970s until today. Page after page of informative, entertaining stories make for great reading.
Prime Minister Malcolm Turnbull has announced plans to reduce welfare payments for the poorest and most economically disadvantaged people in Australia. The cuts are part of a proposed package of $6.5 billion savings in the federal budget that parliament is still to vote on. Turnbull has proposed axing the energy supplement fund that all welfare recipients receive. This fund is worth between $4.40 and $7.05 a week, which might not sound like much, but is a lot for people who are already living below the poverty line.
One of the less prominent aspects of Malcolm Turnbull's federal budget is the plan to shift another 30,000 Disability Support Pension (DSP) recipients onto Newstart umemployment benefits. This move has been defended as a cost-saving measure to help fund the National Disability Insurance Scheme (NDIS). It follows the tightened of the eligibility criteria for DSP that occurred in 2011 under a federal Labor government. Since then, the number of DSP recipients has flatlined at around 800,000.

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