Economy

Protesters against the Temer government's extreme austerity plans in Rio on October 17

Riot police cracked down and fired tear gas on thousands of protesters in central Rio de Janeiro on October 17 as marches flooded the streets to reject unelected President Michel Temer’s proposed 20-year freeze on public spending, which critics say will spell disaster in the cash-strapped country.

US Democratic presidential candidate Hillary Clinton's full remarks to several Wall Street audiences became public on October 15 when the transparency group WikiLeaks dumped its latest batch of emails obtained from the account of John Podesta, Clinton's campaign chairman. WikiLeaks called the latest release a “holy grail” for journalism.

Venezuelan President Nicolas Maduro announced his proposal for the country’s federal budget for 2017 on October 14 — indicating that a staggering 73.6% would be dedicated toward social investment. It comes in a context of an economic crisis, including shortages of some goods.

In the days leading up to the announcement, the governing Untied Socialist Party of Venezuela (PSUV) held street assemblies with thousands of Venezuelans to discuss and debate the proposed budget.

“In a democracy like ours, the budget is debated by the people,” Maduro said on October 12.

A little-known but controversial World Bank tribunal has bucked tradition and ruled against corporate power on October 14.

The tribunal rejected Canadian-Australian gold mining giant OceanaGold’s claim that El Salvador interfered with its profits when the government pulled the plug on a proposed gold mine.

The seven-year, multi-million dollar, largely secretive court battle had pitted mining-affected Salvadoran communities — supported by international human rights groups — against the deep pockets of OceanaGold.

There is a very sinister, hellish thing behind the tepid concern that rears its head when a country like Haiti suffers a tragedy.

As 800 people died and 90% of parts of southern Haiti were destroyed by Hurricane Matthew earlier this month, leaving whole towns flattened, and people homeless and without basic infrastructure, the trending hashtag was #PrayForFlorida.

Low-income people, activists, community workers and others will gather in Adelaide on October 21 and 22 for “Power to the Poor — Silent No More”, a two-day Anti-Poverty Week conference.

The event — organised by Anti-Poverty Network SA, a grassroots group composed of welfare recipients struggling with poverty and joblessness — promises to be one of the largest Anti-Poverty Week events in the country.

A flotilla bound for Gaza carrying food, medicine and other humanitarian aid was intercepted and seized by the Israeli Navy on October 5. The Women’s Boat to Gaza had set sail from the Spanish port city of Barcelona in mid-September in an effort to break the ongoing Israeli blockade of Gaza, Democracy Now! said on October 12.

Thailand’s King Pumipon Adulyadej died on October 13 aged 88, after more than 70 years on the throne. Thai socialist Giles Ji Ungpakorn has been in exile since he was charged with lese majeste (insulting the monarch) over a 2006 book criticising the king’s support for a military coup. Below he assesses the monarch’s role as a block to democracy and social justice.

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King Pumipon was a weak and characterless monarch who spent his useless and privileged life in a bubble, surrounded by fawning, grovelling toadies who claimed that he was a “god”.
Ernesto “Che” Guevara was executed by a Bolivian soldier in the village of La Higuera, Bolivia, on October 9, 1967. The soldier was acting on orders that came directly from Bolivia’s then-president Rene Barrientos. Guevara was summarily executed for fear that a trial would become a public spectacle and garner sympathy for Guevara and his revolutionary socialist cause. History has proven that what Barrientos, and Latin America’s elites, wanted was impossible. Guevara’s ideas live on and he continues to serve as an inspiration for leftists and revolutionaries throughout the world.

Tertiary students are doing it tough. Yet the Coalition would have you believe we have it easy. High — and getting higher — course fees, job insecurity and accommodation costs are all adding to students’ anxieties.

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