Economy

Confirmation that billionaire mining boss Gina Rinehart now owns about 20% of Fairfax Media’s shares came as the media corporation announced plans to downsize its major newspapers. The moves spell out the future for Australia’s mainstream media: more corporate-friendly reports and less journalism. Rinehart’s tilt for three positions on Fairfax’s board of directors sparked defensive outrage from executives and journalists alike, who said the company’s “editorial independence” should not be compromised.

Our persistent supporters who take Green Left Weekly out into the street week after week (yes, even on the chilliest of winter days) have received a few more smiles, nods and words of encouragement as, out there in the corporate media, the billionaire bosses have been mercilessly wielding the axe and whip. Our growing team of new volunteers for the Green Left TV project have also been warmly congratulated and encouraged. More people now appreciate the importance of the alternative media.

On June 16, 2012, an all-female line-up of artists put on a Sydney gig to raise funds for women prisoners after funding for the charity Sisters Inside was cut by the Liberal state government in Queensland.

Socialist Alliance member on the Fremantle City Council, Sam Wainwright discusses the "boom", 457 visas, training and migration to Australia.

The first Green Left Report features: Austin Mackell (independent journo in Egypt); Cassie Findlay (Support Assange & WikiLeaks Coalition); David Hicks; Carlo Sands; the Christmas Carol Crims; WikiLeaks advert + more!

Afrodity Giannakis, Green Left correspondent in Greece and an activist in SYRIZA, gives her first impressions of the result of the June 17 election where the conservative New Democracy beat the left coalition SYRIZA to the highers vote by just 3% of votes.

“If the Greeks had done the right thing, they wouldn’t be in the mess they’re in today.” The argument that the Greek people brought austerity packages down on their own necks keeps getting louder.

The opening salvo in a promised, summer of protest by Quebec’s student movement was delivered at the annual, Montreal Grand Prix auto race and surrounding festivities from June 7 to 10. Hundreds, sometimes thousands, of students and their allies used the high-profile event to press demands for a freeze in post-secondary tuition fees and an end to police and state repression.

In the June 17 elections, anti-austerity Coalition of the Radical Left (SYRIZA) came a close second with 26.9% of the vote. The right-wing New Democracy came first with more than 29%, amid huge blackmail and threats from major governments and financial institutions, and will now attempt to form a coalition government.

“Nearly three years into their country's worst crisis in modern times, life goes on as normal for Greece's super-rich,” The Guardian said on June 13. The article said that, “since the outbreak of Greece's runaway debt crisis, its moneyed class has been notable more by its absence than presence”.

Mariano Rajoy, the Popular Party Spanish prime minister of Spain, appeared at a special press conference on June 9 to give the nation the good news—Spain had won the lottery! A €100 billion prize in the European Bank Rescue Lotto! Make no mistake, señoras y señores, this was not a “bailout package” or a “rescue” of the kind inflicted on Greece, Ireland and Portugal, full of those nasty “macroeconomic conditionalities” imposed by the “troika” of the European Union, European Central Bank and International Monetary Fund..

The Irish government successfully bullied a majority of those who turned out for the May 31 referendum into voting “yes” to changing the constitution to allow the government to ratify the European Union's pro-austerity Fiscal Treaty. But it would be a mistake to read it as a ringing endorsement for their austerity policies. Many of those who voted did so with a gun to their head and no enthusiasm for the policies contained in the treaty. After all the blackmail and bullying, the Yes side could only manage a 60% Yes vote with a 50% turnout.