Tianjin residents protest, August 20.
Capitalism with Chinese characteristics is in some strife. This is largely because the government’s attempt to keep growth at an unsustainable 7% a year is fuelled by equally unsustainable debt.
Corporate and local government debt has grown by 50% since 2009, and total debt, which includes household debt, is now close to 187% of GDP.
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Tianjin residents protest, August 20.
Capitalism with Chinese characteristics is in some strife. This is largely because the government’s attempt to keep growth at an unsustainable 7% a year is fuelled by equally unsustainable debt.
Corporate and local government debt has grown by 50% since 2009, and total debt, which includes household debt, is now close to 187% of GDP.
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More than 6000 people and 500 group have participated in public meetings on a proposed land law with the government of President Rafael Correa.
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The Obama administration's announcement that the United States' power sector would deliver a 30% cut in emissions by 2030 was hailed by many as a breakthrough in meaningful action. US Secretary of State John Kerry suggests the “US is setting an example to the world on climate change”. Reuters said, “U.S. unveils sweeping plan to slash power plant pollution” and the president of the World Resources Institute declared the proposals to be a “momentous development”. -
There were huge protests against the Trans-Pacific Partnership held across New Zealand on August 15. About 10,000 protesters marched in Auckland, 5000 in Wellington, 4000 in Christchurch and thousands more in other parts of the country.
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The federal Coalition’s plan to repeal a section of a 16-year-old environmental law can only be for one reason — to support mining companies at the expense of communities and the environment.
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This is a reply by GetUp!’s Anthony Gough to Andrea Bunting’s article “GetUp, Oxfam’s Powershop partnership raises questions” printed in Green Left Weekly #1064.
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The Victorian Auditor General released a report on August 19 that warned that well-recognised risks may make unconventional gas mining unsuitable for Victoria because of its dense population, scarce water resources and reliance on agriculture. -
The Victorian government has fined three conservationists from the Goongerah Environment Centre who entered a logging coupe to document illegal rainforest logging. They were each fined $440 for entering a “timber harvesting safety zone”. In April the three entered an area being harvested by VicForests to investigate concerns that rules designed to protect vulnerable plant communities were being flouted by the government logging corporation.
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Melbourne climate activists staged an “End of Coal” parade on August 13. They were celebrating the Commonwealth Bank’s decision to cancel its involvement with Adani’s Galilee coal proposals. They called on all Australia’s Banks to stop investing in fossil fuels.
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World famous climate scientist James Hansen, known as the “father of global warming” for being the first to see the threat of catastrophic climate change in 1988, has issued a new warning. Sea level changes are likely to be much higher, less stable and happen much sooner than previous predictions.
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Heat and corruption are a heady mix. As Iraq swelters in record-breaking temperatures, thousands of largely young Iraqis are taking to the streets to protest the miserable conditions they face. They are angry about the lack of electricity and water - and blame rampant government corruption.
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The ABC has revealed that a report prepared for the Queensland government says that hundreds of square kilometres of prime agricultural land are at risk from an experimental plant operated by mining company Linc Energy. Queensland’s environment department alleges that the Linc plant at Chinchilla is responsible for the toxic chemicals and explosive gases that have caused “irreversible” damage to valuable Darling Downs farming land.