Economy

The United States embassy in Haiti worked closely with factory owners contracted by Levi's, Hanes, and Fruit of the Loom to aggressively block a paltry minimum wage rise for Haitian assembly zone workers. The moves to block a wage rise for the lowest paid in the western hemisphere were revealed by secret US State Department cables obtained by Haiti Liberte and The Nation magazine. The factory owners refused to pay $0.62 an hour, or $5 per eight-hour day, as mandated by a measure unanimously passed by Haiti’s parliament in June 2009.

It’s been a year since the “memorandum of understanding” between the International Monetary Fund (IMF) and the Greek government was signed. It is now clear it has failed to deliver the country’s promised economic recovery. As confirmed by the treasury data, Greece’s debt has risen rather than fallen. At the same time, the impact on Greek people of the austerity measures demanded by the IMF has been devastating. Official unemployment has reached about 16% — an all-time high. There are 787,000 people unemployed — 181,000 more than last year.

Since the 1980s, Friends of the Earth's (FoE) annual Radioactive Exposure Tour has exposed thousands of people first-hand to the realities of “radioactive racism” and to the environmental impacts of the nuclear industry. The tour is a 10-day journey into the heart of the breathtaking semi-arid landscapes of South Australia and its atomic history and current uranium mining operations.

A subpoena from the Manhattan district attorney on June 3 has added to a growing list of official probes into investment bank and securities firm Goldman Sachs. Reuters said on June 3: “Goldman Sachs Group Inc now faces probes by several government authorities into derivatives trades it executed in late 2006 and 2007. “On Thursday, sources close to the matter said Goldman received a subpoena from the Manhattan district attorney, who joins the Justice Department and the Securities and Exchange Commission in examining Goldman's actions.”

In a contribution to the magazine Viento Sur, Real Democracy Now! activist Nacho Álvarez looked at the challenges facing the Real Democracy Now! movement three weeks after May 15. Excerpts of the article are published below. * * * Collective reflection about what to do, how to channel people’s anger and how to structure a sustained and massive protest movement now grips the streets and squares of hundreds of Spanish cities.

In late April, the progressive Spanish daily Publico asked why there was so little resistance to the economic crisis, despite the country’s 5 million jobless and rising misery.

Members of various activist groups joined a roadside anti-privatisation protest in Booragoon, Western Australia on June 3. The groups responded to the call by the “In Public Hands” campaign group to campaign for public ownership of the soon-to-be-built Fiona Stanley Hospital. Protesters held placards reading “Don’t privatise our hospitals” and “Honk if you support anti-privatisation”, which received plenty of responses from passers-by.

There's a huge anti-capitalist movement rocking Spain. If you're on Twitter the hashtag to follow is #spanishrevolution. We at Green Left Weekly have enthusiastically covered the events and the protesters known as “the indignants”. The movement has exploded into the streets; the central squares of cities and towns across the country have been taken over by a people crying out “the system is the problem”.

Corporate media outlets claim Peru’s mining boom is doing wonders for the country’s economy, creating opportunities and making everybody richer. Quite a few Peruvians, mostly situated in the bubble-world of Lima’s wealthy areas, have been drinking the neoliberal kool-aid. Someone must have forgotten to tell those troublesome recalcitrants out in the provinces that the despoliation of their lands is good for them.

More than 3000 people turned out to Austinmer Beach in the Illawarra on May 29 to form the "STOP COAL SEAM GAS!" human sign. Three helicopters, each from a major media outlet, circled above the cheering and waving crowd to film the historic event. Check out all the pictures and media coverage by visiting Stop CSG Illawarra's website. A big team of more than 40 volunteers from Stop CSG Illawarra helped make the day such a success.

Pictures of Madrid's central plaza known as Puerta del Sol bear an uncanny resemblance to Tahrir Square in Cairo following more than a week of demonstrations and an ongoing encampment in protest of the devastating effects of the economic crisis and the Spanish state's collaboration with bankers and business interests to impose austerity.

Springtime: The New Student Rebellions Edited by Claire Solomon and Tania Palmieri Verso 2011 283 pages, paperback, ￡9.99 In years to come, when people look back at 2010-11 and try to identify the moment the fightback against the British Conservative-Liberal Democrat coalition really got under way, many will select the huge March 26 TUC-sponsored demonstration in London. Magnificent and inspiring as March 26 was, however, November 10, 2010 has perhaps a greater claim to be recorded as the moment the fightback began in earnest.