Economy

Pubs have taken Coopers beer off their taps and drinkers have vowed to boycott the beer after a political marketing stunt backfired on the South Australian brewer.

Commonwealth Bank to repay superannuation

The Commonwealth Bank (CBA) has agreed to repay employer superannuation to more than 7000 part-time workers that was not applied to overtime over the past eight years.

The CBA will repay the superannuation to all part-time workers since 2009, including those who have switched to full-time positions or have since left the bank. The average payment is $180 a year.

The CBA maintains it was not breaking the law by only paying superannuation on ordinary hours to part-time staff rather than extra hours or overtime.

"Former NSW Premier Mike Baird has enthusiastically accepted a job at the National Australia Bank as chief customer officer, in order to spend less time with his family," The Chaser revealed on February 28.

"Baird has reported an exhausting five weeks spending quality time with his children. According to Lucy Baird, his eldest daughter, Baird's return has polled badly among the family, following his controversial policy of putting his children to bed two hours earlier than they were previously used to.

On March 7, Victoria became the first state in Australia to permanently ban hydraulic fracturing (“fracking”), the dangerous process used to mine unconventional gas. This important victory sets the stage for other states to follow.

The Victorian government has also decided to extend the moratorium on onshore conventional gas drilling until June 30, 2020.

A large commercial beekeeper in Darlington Point in the Riverina, southern NSW, has been forced to pack up and move after hundreds of beehives were devastated by pesticide-drift from nearby cotton farms. It is thought the bees died due to the spraying of neonicotinoid insecticides.

Monsanto, one of the world’s biggest pesticide and seed corporations and leading developer of genetically modified crop varieties, had a stock market value of US$66 billion in 2014. It has gained this position by a combination of deceit, threat, litigation, destruction of evidence, falsified data, bribery, takeovers and cultivation of regulatory bodies.

Ian Hodson, national president of the Bakers Food and Allied Workers Union, explains why his union continues to support socialist Labour Party leader Jeremy Corbyn, as the veteran left-winger faces fresh calls to resign over his alleged “unelectability”.

Eleanor Marx
By Rachel Holmes
Bloomsbury, 2015
508 pages

“Is it not wonderful when you come to look at things squarely in the face, how rarely we seem to practise all the fine things we preach to others?” lamented Eleanor Marx in 1892. 

Karl Marx’s youngest daughter was to be the tragic victim of this truism, as Rachel Holmes explores in her biography that extricates this pioneering revolutionary socialist feminist from the giant shadow of her father.

Ecuador’s National Institute of Statistics and Censuses reported in January that the country's multidimensional poverty rate dropped 16.5% between 2009 and 2015, translating into 1.9 million Ecuadorians who no longer live in poverty.

“Socioeconomic poverty will be fundamentally solved through changes in the relations of power … through political processes,” Ecuadorian President Rafael Correa said.

Late Venezuelan socialist President Hugo Chavez, who died in office on March 5, 2013, is the most popular head of state in the country’s history, according to a new poll conducted by the independent think tank Hinterlaces.

The killing of Honduran environmental activist Berta Caceres on March 3 last year closely resembles a planned extrajudicial killing by Honduran military forces with links to US-trained special forces, according to newly leaked court documents.

Caceres was a co-founder and coordinator of the Council of Popular and Indigenous Organisations of Honduras (COPINH).

With Ecuador’s presidential elections heading into a second round on April 2, the Coordination of Social Movements, Communities and Nationalities, made up of about 1200 groups nationwide, will support leftist candidate Lenin Moreno, Ecuador's state media outlet El Telegrafo reported.

Moreno fell just short of the 40% and 10 point lead needed for an outright win in the first round on February 19, winning 39.36% of the vote of more than 13 million voters. Right-wing banker Guillermo Lasso came in second place with 28.09%.