Leafing through my August 1 copy of Green Left Weekly, I thought I spotted an egregious typo. Surely, Barry Sheppard’s dispatch from San Francisco, “Bernie Sanders’ Democratic Party strategy fatally flawed” in issue 1148 had had an apostrophe inserted in the headline where there should have been a colon.
Economy
One hundred years ago this month, the Great Strike of 1917, the biggest strike in Australian history began. It was to last more than two months, from August 2 until the last workers drifted back to work on October 15, but the impact of the strike lasted a lot longer.
The Andrews Labor government’s euphemistically titled Public Housing Renewal Program aims to sell a range of public housing estates across inner Melbourne in a series of public private partnerships.
These deals will hand over large swathes of land currently owned by the Department of Housing to developers and allow the construction of high rise apartment buildings. The state government wants to remove planning controls over these developments from local councils by creating a special planning committee to oversee the developments within the department.
After a local community campaign lasting almost a decade, the South Australian government has finally committed to build solar thermal with storage in Port Augusta. It will bring 24-hour solar power to SA, creating hundreds of regional jobs, cutting pollution and putting downward pressure on electricity prices.
The City of Port Adelaide Enfield, in Adelaide's northern suburbs, made history on August 8 when it became the first local government in Australia to publicly advocate for the Newstart Allowance to be raised.
The motion, calling on Port Adelaide Enfield Council to lobby the federal government to raise Newstart, as well as produce a report into how council can assist local unemployed residents who are struggling, was sponsored by Councillor Michelle Hogan, and seconded by Councillor Peter Jamieson. It was passed by 11 votes to 2.
Locals took to the streets of Penrith on August 5 to rally against a controversial plan by Dial A Dump and its director Ian Malouf to build a waste-to-energy incinerator at Eastern Creek, in Sydney’s west.
The rally marched to the electorate office of Minister for Western Sydney Stuart Ayres. It was timed to coincide with an Upper House inquiry into energy-from-waste technology due to begin on August 7.
The Democratic Socialists of America (DSA) held their national conference in Chicago on August 5 and 6, at a gathering that confirmed its emergence as stronger, younger and more radical group than it has ever been.
Before last year’s US presidential election, the DSA boasted between 7000-8000 members. Since then, it has ballooned to 25,000 members — mostly young and hungry for a fight.
The threat by US President Donald Trump to unleash nuclear war against North Korea is not a Trumpian “excess”.
That has been made clear by his Secretary of Defense, retired Marine General James Mattis, who backed Trump. The administration is demanding that North Korea freeze its nuclear program, including the testing of missiles.
I know exactly where I was on August 9, 2007. It was a hot summer’s day — “debtonation day”.
Bankers all over the world had lost their collective nerve and refused to lend to each other. The globally synchronised financial system froze, and began its descent into sustained failure. It then took more than a year, and Lehman Brothers’ collapse, before the world understood the gravity of the crisis.
Ten years on, that slow-motion crisis, a prolonged period of disinflation, noflation and deflation, is still playing out.
More than 200,000 protesters marched through Mumbai, disrupting traffic and straining the railway network, to press their demands for quotas in government jobs and education.
Rising unemployment and falling incomes are driving farming communities across India to redouble calls for reserving jobs and education, especially for the underprivileged Maratha community in western India.
Environmentalists from Uruguay, Brazil, Argentina and Paraguay marched on August 5 in the department of Paysandu, Uruguay, to protest against oil and gas exploration being carried out by Australian company Petrel Energy. The company’s exploratory works, and potential exploitation, threaten the integrity of the Guarani Aquifer, one of the world’s largest deposits of groundwater.
Since 2013, Petrel Energy has been the majority shareholder in the US company, Shues
The case for re-nationalising the Commonwealth Bank of Australia (CBA) is becoming stronger every day. The latest in a string of scandals to hit "Australia's leading bank" is the revelation the CBA is facing allegations that its Intelligent Deposit Machines (IDMs) were used by money launderers and criminal gangs to process millions of dollars in cash.
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