Economy

Activists from France's Left Front. The Left Front is divided by strategic debates over how to confront Europe-wide austerity. Five key figures of the European left have launched a new initiative “for a Plan B in Europe”.

A desperate Conservative Party launched a vicious attack on Labour and the tens of thousands who have protested against its October 4-7 conference in Manchester — highlighting the government's fear of growing mass opposition. Wales Secretary Stephen Crabb accused protesters of spouting “venom and bile” because they dared to speak out against Tory cuts and oppose privatisation of public services and attacks on workers' rights.

Every year, the International Monetary Fund (IMF) sends a group of economists to Australia to survey the domestic economy, comment on the effects of government policy and make some suggestions as to what might best be done in the coming year. It is known as an “article IV consultation”. The IMF executive board’s latest report was publicly released in early October. After commending Australia’s economic performance during the past two decades, the report noted some challenges ahead. Chief among them is the prospect of “slow growth” in the coming year.

Who won the September 27 elections for the Catalan parliament, called as a substitute for the Scottish-style independence referendum that the Spanish People's Party (PP) government refuses to allow? It depends who you ask. On the night, most commentators on Madrid-based TV and radio called the result a defeat for the pro-independence camp: its two tickets — the mainstream nationalist Together for Yes and the anti-capitalist People's Unity Candidacies (CUP) - won only 47.74% of the vote against 52.26% for “the rest”.

Negotiations on the Trans-Pacific Partnership (TPP) were finally completed in Atlanta on October 5. Final agreement on the treaty had been delayed for years as negotiating countries tried to protect their own industries while trying to gain market access in others. The TPP was negotiated by countries on the Pacific Rim: the US, Australia, Singapore, New Zealand, Chile, Brunei, Canada, Malaysia, Mexico, Peru, Vietnam and Japan. These countries represent about 40% of global GDP.

The WikiLeaks Files: The World According to the US Empire Verso, 2015 624 pages, hardback George Orwell said: “In a time of universal deceit, telling the truth is a revolutionary act.” These are dark times, in which the propaganda of deceit touches all our lives. It is as if political reality has been privatised and illusion legitimised. The information age is a media age. We have politics by media; censorship by media; war by media; retribution by media; diversion by media — a surreal assembly line of clichés and false assumptions.

South America’s largest country, Brazil, has been rocked in recent months by a political crisis, partly fuelled by mass protests calling for the removal of centre-left President Dilma Rousseff. The protests come as the country officially moves into recession, with Brazil’s economy expected to contract by 2% this year. Brazil has been governed by a Workers’ Party (PT)-led coalition for over a decade, firstly under Luiz Ignacio “Lula” da Silva and now Dilma, as she is commonly known.

The Queensland government did not prosecute gas company Santos over that state’s third largest oil spill despite the Department of Environment saying it had sufficient evidence, according to documents obtained by the Wilderness Society. About 250,000 litres of crude oil was spilled at Santos’s Zeus oil field in the Cooper Creek floodplain south of Windorah in May 2013. Santos took five days to stop the spill largely because it did not have contingency plans or experts in place and had to fly in an expert team from the United States.

The United States and 11 other Pacific Rim nations, including Australia, reached an agreement on October 5 on the Trans-Pacific Partnership, the largest regional trade accord in history.

Whether or not it is true, the internet has decided that British Prime Minister David Cameron probably put his private parts into the mouth of a dead pig when he was at Oxford. The allegations have been made by extremely well-connected Establishment figures, former Conservative Party Deputy Chairman Lord Michael Ashcroft and former Sunday Times political editor Isabel Oakeshott, and is published in the Daily Mail. This is the highest possible tier of character assassination in British politics.

Workers from Venezuela's 'housing mission', which is building large numbers of public housing, march on Venezuela's independence day, July 5. Photo from Venezuela Analysis. Venezuela's Bolivarian revolution has transformed the country since the rise to power of late socialist president Hugo Chavez in‭ ‬1998‭ ‬on a platform of tackling poverty and promoting participatory democracy.

SYRIZA pulled off a remarkable victory at the September‭ ‬20‭ ‬Greek election.‭ ‬Although burdened by its acceptance of the draconian austerity measures in the third memorandum imposed by Greece's creditors and eight months of rule in the midst of recession,‭ ‬closed banks and capital controls,‭ ‬SYRIZA's vote fell by only‭ ‬0.88%‭ ‬and its parliamentary seats by just four.