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Last week a conceptual barrier carefully constructed by South Africa’s elites since 2015 was suddenly cracked at the University of the Witwatersrand Great Hall, by two of the country’s leading economic personalities: Pravin Gordhan, who served as a pro-business finance minister for seven years until being sacked in March, and super-consultant Iraj Abedian, who in 1996 co-authored the country’s post-apartheid structural adjustment programme. Two more solid bourgeois representatives would be hard to find.
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Nearly 2000 retired workers and Social Security department workers gathered in Athens on October 3 to protest “inhumane” cuts to pensions.
An army of 1500 senior citizens marched behind banners, chanting “shame on you” and calling for the government to cancel the memorandum that has led to ongoing cuts since 2010, with further cuts set for 2019.
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Puerto Rico is facing a huge humanitarian crisis after being hit by two super-strong hurricanes. It suffered a glancing blow by Irma and then a direct hit by Maria, both storms greatly strengthened by warmer ocean water caused by climate change.
The crisis is still unfolding weeks after Maria hit. The full picture and extent of the damage will not be known for some time.
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Economy
Economy
