Economy

Germany is usually presented in the mainstream media as having successfully weathered Europe’s vast economic crisis. German Chancellor Angel Merkel from the Christian Democratic Union (CDU) has gained enormous influence on the European political and financial scene. By contrast, in protests across Greece, Spain and other countries hit hardest by the crisis, references about Germany as the “Fourth Reich” are increasingly being voiced.

About 300 students from the Paraguayan National University and the private Catholic University marched to the national police headquarters in Asuncion on October 25 to protest the new Law of Higher Education (LES). The law passed through the lower house of the Paraguayan Congress three weeks earlier, and is currently before the Upper House. During the protest, Romilio Gonzalez and Johana Orihuela, members of the Popular University Movement, spoke to Green Left Weekly. “This is one of a number of actions we are carrying out,” Orihuela said.

The statement below was released by the newly formed Awami Workers Party on November 2. * * * Three leftist parties, Awami Party Pakistan, Labour Party Pakistan and Workers Party Pakistan, will formally merge into a new party called the Awami Workers Party (AWP) on November 11. It is a first step towards building an alternative to the status quo that has brought the Pakistani state and society to the brink of collapse. This was stated by leaders of the three parties at a press conference held on November 2 at the Islamabad Hotel.

The Coke Machine: The Dirty Truth Behind the World’s Favorite Soft Drink By Michael Blanding Avery/Penguin, 2012 375 pages, $19.95 (pb) The Truth About Ikea: The Secret Behind the World’s Fifth Richest Man and the Success of the Swedish Flatpack Giant By Johan Stenebo Gibson Square, 2011 256 pages, $22.99 (pb) Sleeping With The Enemy: Coco Chanel, Nazi Agent By Hal Vaughan Chatto & Windus, 2011 279 pages, $32.95 (pb)

If the mainstream Western media is to be believed, the world witnessed a shining example of true democracy in action in the United States on November 6. In the Washington Post, Dan Balz described the US presidential race as a “contest of competing visions”. Apparently, democracy is epitomised by a race between two representatives of the 1% fighting to impose “competing” agendas that ― with differences of nuance ― bear more similarities to each other than to public opinion.

Ecuadorian president Rafael Correa counts on a high level of support at home. But internationally, he has been criticed for policies on development, the environment and indigenous peoples.

Pages From a Black Radical’s Notebook: A James Boggs Reader Edited by Stephen M. Ward, Wayne State University Press, 2011 401 pp, $US27.95 The Italian Marxist leader Antonio Gramsci coined the term “organic intellectual” to describe workers who educated themselves in advanced economic and social theory. Such people are essential to the task of the working-class understanding its historical role in changing society, he believed.

The NSW Coaltion government has given James Packer's monster casino approval to take prime inner city space in Sydney, but children from an inner city public school are set to be kicked out for several years as the space is sold off to property developers.

Did you think there is a housing bubble in Australia? Not so, according to the chairperson of Aussie Home Loans, John Symond, who said last month: “I am confident, notwithstanding a lot of hype from offshore analysts about a housing bubble, of Australia’s fundamentals.” Symond wants us to trust him, not those offshore analysts, because it's not as if the owner of a home loans company has any interest in the maintenance of an overpriced property market.

One of the sneering jokes passed around business circles after mining giants BHP Billiton and Rio Tinto announced they would not pay a cent this quarter under the Gillard government’s pathetic mining tax was that the government would have collected a fat cheque had it levied a super profits tax on the big banks instead.

A Brooklyn teacher on an email list said on November 2: “As I begin writing this, Homeland Security Secretary Janet Napolitano is speaking in Staten Island. She is rattling off statistics on how much water the federal government is delivering and reminding residents of the island borough of FEMA’s phone number and URL. “CNN only seemed to discover the massive death toll, flooding, and destruction in Staten Island 3-4 days after Hurricane Sandy hit the east coast.

More than 100 people gathered in Wollongong Town Hall on November 8 for a public debate on the NSW government's plan to lease Port Kembla for 99 years. The government hopes to make $500 million on the lease, about $5 million a year, despite the state-owned Port already making between $25 million and $50 million a year.