Economy

The widespread jubilation when it was announced that Puerto Rican political prisoner Oscar Lopez Rivera would be released in May shows that liberation struggle still resonates in the Caribbean island that remains a United States colony.

With the decision by the misnamed Fair Work Commission to slash the take home pay of some of the lowest-paid workers, it is worth restating that all wealth in our society is created by workers and not capitalists.

Profits come from the difference between the value of the goods and services created by a worker and what they are paid for their work. Some of this "surplus value" is invested back into production, but the rest is siphoned off as profit.

The appointment of former Queensland Labor premier Anna Bligh as CEO of the Australian Bankers' Association (ABA) is a desperate public relations ploy by the Big Four Australian banks to head off a looming royal commission into their crimes and misdeeds.

It seems unlikely to succeed, given the anger in the community against the Big Four — the Commonwealth, National Australia Bank, Westpac and ANZ — and their systematic gouging of the general public.

The first few weeks of the Donald Trump administration have been extraordinary, and quite frightening — not just because of the incompetence of a president who appears to be little more than a self-obsessed idiot, but also by the actions of the dangerous ideologues at the helm of the world’s biggest economy and military power.

A push is underway to set up a safe injecting room in the Melbourne suburb of Richmond to reduce the number of fatal overdoses of drug users.

With the state coroner and other medical professionals supporting the push, Sex Party MP Fiona Patten has introduced a private member’s bill to set up a trial safe injecting room, which was debated in state parliament on February 22.

Gas giant Santos’s Environmental Impact Statement (EIS) for its proposal to create a gasfield in the Pilliga Forest was made public on February 21, two weeks after it was lodged with the government for assessment. It will be on public exhibition until just April 24.

The EIS shows that Santos still intends to drill coal seam gas (CSG) production wells despite widespread protests over the trouble-plagued Narrabri Gas Project.

In the end, the expected close result never happened. At the second congress (“citizens’ assembly”) of Spain’s radical anti-austerity party Podemos, the proposals and candidate list of outgoing general secretary Pablo Iglesias easily defeated those of his rival, outgoing political secretary Inigo Errejon.

In a December Podemos membership vote over the rules that were to govern the congress, Iglesias’s position had only won marginally (41.57% as against 39.12% for Errejon’s).

The Trump administration is pressing on with its reactionary agenda amid ongoing mass protests.

Wall Street and businesses, big and small, greeted Trump’s election with elation in anticipation of his campaign promises to rapidly eliminate regulations they regard as onerous. As Trump seeks to fulfil these promises, the capitalists are moving to take advantage of the chance to rake in greater profits.

Members of the Argentine Metal Workers’ Union (UOM) marched to the Ministry of Labour in Buenos Aires on February 14 in protest of thousands of jobs cut from electronics manufacturing companies.

The cuts came after a government decision to eliminate a 35% tax on computer imports.

Protesters gathered in front of the National Congress of Argentina before marching to the offices of the Ministry of Labour, Employment and Social Security, with many banging drums and waving flags.

Other unions also took part in the demonstration.

An immigrant rights march in Los Angeles.

Thousands in the streets across US for Weekend of Action

The resistance is taking many forms in the United States, Common Dreams said, with some constituents showing up to lawmakers' town hall events to demand accountability and others taking to the streets to protest the Trump administration and its draconian policies. 

Despite global financial crises that have rocked the small South American nation in recent years, Ecuador has managed to achieve landmark social and economic progress in the past decade under the left-wing government of President Rafael Correa, according to a new report from the Centre for Economic and Policy Research.