Economy

The wealthiest people, banks and corporations have long avoided paying tax by hiding their assets in tax havens, outside their own countries. Many of these tax havens are so secret that even the banks themselves do not know who owns the accounts. But now, a huge leak of secret documents has led a global network of journalists to expose the world’s richest tax evaders.
In the wake of Margaret Thatcher's departure, I remember her victims. Patrick Warby's daughter, Marie, was one of them. Marie, aged five, suffered from a bowel deformity and needed a special diet. Without it, the pain was excruciating. Her father was a Durham miner and had used all his savings. It was winter 1985, the Great Strike was almost a year old and the family was destitute.
The citizens of the Spanish state awoke on April 14 to shocking news ― acts of “pure Nazism” were spreading across the country. Not only that, but they were being organised in concert with “elements close to ETA” (the armed Basque independence group that has declared a permanent ceasefire). Who was responsible? A Spanish equivalent of the Greek neo-Nazi outfit Golden Dawn? Some surviving cell of the Falange (one-time shock troops of the Franco dictatorship and admirers of Hitler’s New Order in Europe)?
The owner of the eight-storey Bangladesh factory complex that collapsed on April 24 killing at least 362 people has been arrested at the country's border with India. Three owners of garment factories in the collapsed building on the capital's outskirts have also been arrested. They are suspected of forcing staff to work, ignoring safety warnings. Two government engineers involved in approving the building's design have also been detained.
Most of the news on Venezuela in the week since the April 14 presidential election focused on the efforts of losing candidate Henrique Capriles to challenge the results. But another campaign, based in Washington, was quite revealing ― and the two were most definitely related. Without Washington's strong support ― the first time it had refused to recognise a Venezuelan election result ― it is unlikely that Capriles would have joined the hardcore elements of his camp in pretending the election was stolen.
After being forced to admit that “clean coal” will never happen, the coal industry has fallen back on an old argument to justify itself — that Australia cannot live without the industry because it does so much for the economy by providing jobs and creating wealth.
The Malaysian Socialist Party (PSM) is contesting four seats in the May 5 general elections, one federal parliamentary seat and three state assembly. The PSM won two of these seats in the 2008 election: Jeyakumar Devaraj, or “Kumar” as he is better known, won the federal parliamentary seat of Sungai Siput from a high profile former minister. PSM chairperson Nasir Hashim won the Selangor state assembly seat of Kota Damansara.
On April 2, 1911 women all over Britain were holding all-night parties, staying out at concerts and late-night restaurants, skating at ice rinks until the morning and generally having a very good time. But this was also a huge act of civil disobedience because the April 2 was Census night and these women staying out all night were refusing to have their details recorded in protest at the government’s refusal to grant votes for women.
The average worker in Britain's south-west has lost £1522 a year ($2255) in earnings since the coalition came to power, new research from the Trade Union Congress (TUC) showed, Morning Star said on April 19. The figures, which do not take into account rises in consumption taxes or cuts to benefits, came to light at the start of the South West TUC annual conference.
Last year, multi-award-winning playwright Angela Betzien undertook a three week residency in the Queensland town of Mt Morgan where she researched and developed a play exploring the impact of mining. Tall Man, a 50-minute two-hander, received standing ovations when it toured for one night only in three mining towns in Central Queensland. “The play made us cringe and laugh,” said one Mt Morgan resident. “It challenged a room to acknowledge its story.” Green left Weekly's Brianna Pike talked to Betzien about the play.
Chinese leaders are aware that visiting Western leaders will be under some pressure from their domestic constituencies to raise Tibet, human rights and other “sensitive” issues. So a mechanism has been considerately created to cater for this need. It consists of a meaningless piece of theatre otherwise known as the “obligatory-behind-closed-doors-human-rights-discussion”. According to the well-worn script, the elected foreign official heads to China on a trade mission, accompanied by a media circus and some high-level trough-snouting capitalists (like Andrew Forrest).
The continued rightward shift of capitalist politics in the United States was underscored with the official release of President Barack Obama’s proposed budget. In it, Obama proposes to cut the already inadequate pension program for the elderly known as Social Security and the medical insurance program for the elderly, Medicare. These and other programs for the elderly and poorer sections of the working class are under attack. Both major parties claim that spending on social welfare must be cut in the current economic depression.