Economy

The Australian Youth Affairs Coalition released the statement below on May 9. * * * The peak body for youth affairs in Australia has welcomed last night’s budget measures that support a fair go for young Australians, but continues to call on the Gillard government to ensure that financial assistance is raised to levels that ensure young Australians are not living below the poverty line.

The Australian Anti-Bases Campaign Coalition released the statement below on May 8. * * * “Cuts in military spending of up to $5 billion in the budget are a step in the right direction, but the Gillard government has missed an opportunity to enhance Australia’s security and release funds needed for social, infrastructure and environmental projects,” Denis Doherty, national co-ordinator of the Australian Anti-Bases Campaign Coalition, said in Sydney today.

The National Welfare Rights Network released the statement below on May 9. * * * “The nation’s budget is now in the black but unfortunately more single parent families are in the red,” said Maree O’Halloran, President of the National Welfare Rights Network today in a preliminary response to the May 8 federal budget. “There are some small but significant gains in the budget for people made redundant and for those currently looking for work, studying or/and caring for children.

The parties that have ruled the country since the end of the military dictatorship in 1974 -- New Democracy (ND) and the Pan-Hellenic Socialist Movement (PASOK) -- have collapsed in the May 6 parliamentary elections. In all elections since 1974 (except 1990-91) one of these two parties was able to gain a clear majority in the parliament and form government, jointly scoring from 70% to 90% of the vote. On May 6, their combined vote was 33%.

Green Left columnist Carlo Sands takes "Carlo's Corner" to Green Left TV, hailing Clive Palmer's decision to seek pre-selection for the Liberal National Party to challenged Treasurer Wayne Swan. You can read Carlo's Corner columns and subscribe to Green Left TV.

As Rocky Mountaineer’s lockout of award-winning on-board staff enters its 10th month, ads are once again being placed to hire more scab workers. Rocky Mountaineer is Canada’s luxury tourist train that takes tourists throughout the summer months from Vancouver to the scenic Rocky Mountains. Nearly 40% of these visitors to Canada come from Australia. On June 22 last year, as the Rocky Mountaineer pulled into Kamloops for its overnight stop, regular staff were ordered off the train and sent back to their homes in Vancouver. One hundred and eight staff were locked out.

Nicaragua's President Daniel Ortega and a crowd of more than 100,000 people gathered on the night of May 2 in Managua's Plaza de la Fe to pay tribute to Tomas Borge. Borge, who died on April 30 aged 81, was the last surviving member of the group that founded the Sandinista National Liberation Front (FSLN) more than 50 years ago. Borge has always been and remains a symbol of the Nicaraguan Revolution in Latin America and beyond.

At May Day rallies it organised or took part in throughout Pakistan, the Labour Party Pakistan (LPP) highlighted the cases of members and supporters facing “anti-terror” courts. These include the Faisalabad 6, serving long sentences for leading a 2010 power loom workers strike and 12 power loom workers currently facing the Anti-Terror courts in Karachi for union organising.

On more than one occasion, I have referred to the infamous agreement which the United States imposed on Latin American and Caribbean countries when the Organisation of American States was founded in Bogota on April 30, 1948. Just by sheer coincidence I happened to be there on that date, helping to organise a Latin American students’ congress with the objective of struggling against European colonialism and the bloody tyranny imposed by the United States in this hemisphere.

The 30th Olympic games will begin in July in London as Britain's Conservative-Liberal Democratic government imposes savage austerity measures on the public. The excitement of watching the world's sporting best compete is mixed with fears of social and economic upheaval. The British government is projected to spend US$14.5 billion on the games, $9.6 billion over budget. Prime Minister David Cameron announced last November that the budget for the opening and closing ceremonies would be doubled to $125 million.

With the Spanish economy sinking and 12 countries in Europe mired in recession, politicians and bankers are once again worried about a financial meltdown on the continent as the result of the crisis in the eurozone. Adding to the concerns among politicians and financial policymakers is the prospect that elections in France and Greece on May 6 could upend the austerity packages agreed to by European leaders in December.

Bolivian President Evo Morales once again used the opportunity of May 1, the international workers’ day, to announce his left-wing government's latest nationalisation. This time, it was the turn of Transportadora de Electridad (TDE), a subsidiary of the Spanish-owned Red Electrica de Espana (REE), which controlled Bolivia’s national electricity transmission grid. The nationalisation was another step towards meeting the long-standing demand of the Bolivian people to return privatised companies to state hands.