Economy

Three years ago, the Museum of Broken Relationships was set up in Zagreb by former lovers Olinka Vistica and Drazen Grubisi to display items symbolising the end of various personal relationships.

“WHERE IS MURDEROUS DICTATOR #NICOLASMADURO HOLDING #LEOPOLDOLOPEZ ?IS LOPEZ TORTURED,DEAD?INSANE MONSTERS CAN’T BEAR PPL KNOWING THE TRUTH?” So tweeted singer, actress and renowned Venezuelan political analyst Cher on February 19. Cher was far from the only celebrity to express support for the right-wing protests in Venezuela, and such tweets symbolise how much the source of disinformation and attacks on Venezuela and its democracy has shifted from mainstream to social media.

The Socialist Party of Malaysia (PSM), together with other groups and individuals, is forming a body called Left Coalition to bring class politics to Malaysia. PSM secretary general S. Arutchelvan said it is looking to form the coalition with Parti Rakyat Malaysia, Solidariti Anak Muda Malaysia and other activists and individuals. “We are trying to bring back class politics,” he told FZ.com. “We feel the younger generations are actually more receptive to more radical and progressive ideologies ...

Venezuelan President Nicolas Maduro has expelled three United States consular officials from the country due to suspected conspiracy with the right-wing opposition, Venezuela Analysis said on February 17.

In recent years, a powerful student movement has erupted in Chile against right-wing neoliberal attacks on education, and fighting for a fundamentally different, pro-people education system. The mass movement has developed in the face of often brutal state repression.

The statement below was released by the Council on Hemispheric Affairs on February 14. * * * The Council on Hemispheric Affairs (COHA) views with great alarm the violence perpetrated against the democratically elected government and civilians in Venezuela that has resulted, as of February 12, in three confirmed deaths, 61 persons wounded and 69 detained.

Australia’s central bank, the Reserve Bank of Australia, gets its powers from the Reserve Bank Act (1959). Its two primary functions are to ensure the stability of the currency and the provision of full employment. Besides managing Australia’s gold and foreign exchange reserves, it supposedly meets these objectives by setting the cash rate to meet an agreed medium term inflation rate, which is now set at a target band of 2% to 3%.

A new opinion poll shows left-wing opposition Coalition of the Radical Left (SYRIZA) party ahead of the ruling conservative New Democracy by 1.5%, Ekathimerini.com said on February 12. The survey showed SYRIZA leading with 30% support. A poll published in January put SYRIZA at 31.5% and New Democracy at 28%.

A rupture of the TransCanada PipeLines (TCPL) gas line occurred in the middle of the night on January 25 near the village of Otterburne. A huge fireball erupted into the night sky and burned for many hours. The explosion tore a large crater in the ground. Several thousand homes in 10 small communities were left without gas heating during temperatures that dipped to minus 30C. It took days for full service to be restored. The pipeline brings gas from Alberta to the US across the Manitoba-Minnesota international border. It feeds parts of southern Manitoba along the way.

The Australia-Venezuela Solidarity Network released the statement below on February 13. * * * The Australia-Venezuela Solidarity Network condemns the recent violent actions instigated by far-right sections of the opposition in various cities across Venezuela. The first opposition-led protests were initiated on February 4 in the city of San Cristobal, in the western state of Tachira. Two students were arrested for alleged breach of the peace during a demonstration. The students were released the next day.

The period allowed for businesses to adjust their prices to the government's new “fair prices” law ended on February 10. The government has a wave of inspections planned to ensure the measure is applied. The Law for the Control of Fair Costs, Prices and Profits aims to stop price speculation, product hoarding and other activities that are destabilising the Venezuelan economy and contributing to its ongoing economic problems. Further, a maximum profit margin of 30% has been established across the economy to stop companies over-charging.

A builder who donated $200,000 to the Liberal Party last year has gone into administration owing sub-contractors and suppliers an estimated $30 million. The collapse of Steve Nolan Constructions affects five building sites in the northern suburbs of Lindfield, St Leonards, Roseville and Gordon, where apartment blocks are being built for developer, the Ralan Group.