economy

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.

Ecuador’s National Electoral Council (CNE) announced on February 22 that the presidential race will head to a second round after left-wing candidate Lenin Moreno came first in the February 19 election, but fell agonisingly short of the 40% needed to win a first-round victory.

Moreno, from the ruling Alianza Pais (AP) of outgoing President Rafael Correa, won 39.35% of the vote. He beat right-wing Guillermo Lasso of the opposition CREO party by more than 10 percentage points, with the ex-banker winning 28.12%.

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.

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.

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.

1. People choose to be homeless

By “banning” homelessness, Melbourne City Council is implying it is a “choice”. Homelessness is usually the cause of a range of interconnected factors, some of which include poverty, unemployment and family violence. There is also a shortage of affordable housing and jobs that pay a living wage.

The seeds of the current crisis of confidence in the capitalist parties in Australia go back to the 1980s when the Bob Hawke Labor government implemented its version of Margaret Thatcher’s neoliberal economic policies. The Hawke government also managed to achieve what previous Coalition governments had failed to do — seriously weaken the union movement.

While these reforms did not immediately create right-wing populism, once the reforms started to really bite by the late 1990s, it began to develop around Pauline Hanson.

The left-wing anti-austerity party Podemos is planning to hold its second country-wide citizens’ assembly (Vistalegre II) on February 11th-12th to decide the political direction, organisational structure and its electoral strategy for the next regional and general elections.

Oro
Written & directed by Alvin Yapan
Feliz Film Productions, 2016

Oro, the Filipino film written and directed by Alvin Yapan released in December, is based on the 2014 murder of four small-scale miners in Sitio, Lahuy.

For 20 years, Elmer (Joem Bascon) and his men have freely mined in the tiny but gold-rich island of Lahuy Island in the town of Caramoan in Bicol.

Time to Draw the Line
Directed by Amanda King & Fabio Cavadini
2016, 58 minutes
Demand.Film

A new documentary examines the largely overlooked story of the dispute between Australia and its near neighbour – the new state of East Timor.

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