economy

The Fair Go For Pensioners coalition organised a rally on May 24 in response to the federal budget’s significant new restrictions for those on Centrelink payments, including older Australians.

Their main concerns are with the change to the pensioner assets test, attacks on Medicare, the threat to the Pharmaceutical Benefits Scheme, and a reduction on the right to overseas travel. The rally also addressed issues faced by the unemployed on Newstart, those on disability support and single parents.

What seemed at first to be a depressing and predictable British election, with the hard right Tories under Prime Minister Theresa May set for a larger majority, has become a fascinating election contest.

Labour’s support has surged to the point where something unthinkable just weeks ago — a Jeremy Corbyn prime ministership — is now at least an outside chance.

Australia's four big banks plus AMP are ripping off the country's workers with huge fees charged on their superannuation investments, a recent study has revealed.

New research carried out by Rainmaker for Industry Super Australia, a mainly union-backed body, shows that the retail super funds, largely operated by the big banks, absorb about half of all fees charged in the superannuation system, despite holding only 29% of retirement savings.

The  Anti-Poverty Network South Australia released the statement below on its Facebook page on May 10 in response to the federal budget, which included  a series of attacks on welfare recipients.

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The African National Congress (ANC), which led the struggle against Apartheid, has become the key political vehicle, both in party and state form, of corporate capital.

This applies to all capital — domestic and international, black and white, local and national, and includes a range of different “fractions” of capital.

Over the past two decades, it has been the fight on and over this terrain — with some for, some against, some in the middle — that has defined the ANC’s journey since the end of Apartheid in 1994.

A March 10 trial court judgement acquitted 117 workers from Maruti Suzuki’s automobile factory in Manesar, Gurgaon, India of charges of murder. Eighteen workers were convicted of minor offences.

However, 13 workers – all leaders of the Maruti union – were found guilty of murder. The Maruti workers plan to appeal the verdict in the High Court.

Why are workers being jailed for murder? The story at Maruti is a familiar one in India’s industrial scene.

Where unionisation is a crime

Ecuador’s Citizens’ Revolution is set to continue for another four years after the candidate for the socialist-leaning ruling party, Alianza Pais, Lenin Moreno, won the April 2 presidential elections run off.

With 51.16% of the vote, Moreno defeated Guillermo Lasso, managing director of Ecuador’s third-largest bank and unsuccessful candidate in the 2013 elections.

Chairperson of the Australian Prudential Regulatory Authority (APRA) Wayne Byres recently said that he would not use the “B-word” to describe the housing market, preferring instead to use “heightened risk” rather than housing bubble.

Here we go again. The second version of the Omnibus bill that the Turnbull government is trying to drive through parliament — the Social Services Legislation Amendment (Omnibus Savings and Child Care Reform) Bill 2017 — promises yet more savage attacks on welfare recipients and the working poor, and we haven't even seen the 2017–18 budget yet.

The CSIRO will spend $29.7 million on a three-year project to conduct an assessment, separation and treatment of radioactive waste at a CSIRO facility located on Department of Defence land near Woomera, South Australia. The Woomera facility is one of Australia’s largest storage sites for low and intermediate-level radioactive waste.

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