economy

Brazil has been hit by anti-government protests in the lead-up to the Rio Games. When the 2016 Olympic Games began on August 5, it was the culmination of a harrowing, exhausting decade-long battle between the people of Brazil and the demands of those utterly unaccountable, scandal-plagued sports bodies, FIFA and the IOC.
Thousands turn out to hear Labour leader Jeremy Corbyn in Liverpool on Augist 1. If you watch footage of Labour leader Jeremy Corbyn out and about — whether addressing rallies from fire engines, squeezing through scrums of reporters or posing with large vegetables — you'll probably spot some of the same faces nearby.
Reacting to what is reportedly the biggest financial scandal in history, US authorities have subpoenaed documents from Goldman Sachs relating to the dealings of the 1Malaysia Development Berhad (1MDB). Set up in 2009 by the Malaysian government, 1MDB is supposed to generate growth and establish the country as a financial hub. However, according to the Wall Street Journal, at least US$1 billion has gone into the pocket of a person referred to in Department of Justice documents as “Malaysian Official 1” — widely reported to be Malaysian Prime Minister Najib Razak.
In May, the Northern Territory government granted a major water licence for a cattle station near Pine Creek, west of Kakadu National Park, to use almost 14 million megalitres of water a year to irrigate crops.
The union at the SABMiller Sonepat brewery in the state of Haryana, India has been organising mass protest actions in response to the harassment and intimidation of trade union leaders and members. It comes amid management's refusal to respect collective bargaining rights. The attack on rights at SABMiller India follows the company's union-busting at SABMiller-owned Carlton United Breweries in Australia ahead of the impending merger between AB InBev and SABMiller, which would create the world's largest transnational brewing company.
It is hard to imagine a sharper contrast than that between the 10th National Convention of Portugal's Left Bloc, held in Lisbon from June 24 to 26, and its predecessor, held in the same city 18 months ago. In 2014, the 9th National Convention of the radical left force — formed in 1999 to unite several left currents — had brought the organisation to the brink of a 50–50 split.
At the Democratic National Convention in Philadelphia this week, it seems a sticker is all it takes to keep you out of a room—at least the rooms brought to you by the fossil fuel industry.
The latest Household, Income and Labour Dynamics in Australia Survey: Selected Findings (HILDA) report shows that the proportion of home ownership has declined in all parts of Australia, with the greatest declines in NSW and Victoria. Thereport, released on July 20, reveals that owning a house is no longer the norm and it is likely that renters will outnumber home-owners in the next few years.
Hysterical anti-renewable headlines aren't necessarily a surprise from the Australian and other News Ltd publications. But the cynicism of the attack on South Australia's renewable energy industry in their pages is still astonishing. On July 25, the Australian published Matthew Warren of the Australian Energy Council — a peak body for “major electricity and downstream natural gas businesses” — blaming renewables for “higher costs and increased risks around reliability” in South Australia.
Transcript: AMY GOODMAN: The historic night was not without protest. Hundreds of Bernie Sanders delegates walked out of the convention soon after the senator asked the convention to suspend the rules and award the nomination to Hillary Clinton. SANDERS SUPPORTERS: Walk out! Walk out! This is what democracy looks like! This is what democracy looks like!

Pages

Subscribe to economy