There is no FED magic trick to achieve a soft landing
By Mihai Macovei Economic growth in the United States accelerated to a 2.4 percent annualized rate in the second quarter of 2023, picking up from 2.0 percent in the first quarter, and climbing well above the 1.8 percent rate predicted by economists. Many analysts are surprised that the US economy has continued to
Ukrainian journalists protest army censorship of reporting on the counteroffensive
By Jason Melanovski The National Union of Journalists of Ukraine has appealed to the Armed Forces of Ukraine over its severe restrictions on reporting in combat zones of the country’s stalled NATO-backed counteroffensive. The appeal comes in the wake of a report by French newspaper Le Temps that the Ukrainian government had effectively banned
Share buybacks and the parasitism of US capitalism
By Nick Beams The economist William Lazonick is a long-time campaigner against share buybacks by major corporations which he rightly regards as an extreme form of parasitism, financial plundering and a major factor in social inequality. His political perspective is, however, an entirely reformist one. He would like to see increased regulation,
US federal appeals court abortion pill ruling calls for further restrictions
By Trévon Austin Last Wednesday, the 5th US Circuit Court of Appeals ruled that access to the abortion pill, mifepristone, should be further restricted. This most recent attack on the right to abortion is targeted at the most popular method for ending a pregnancy in the United States. Boxes of the drug
Indian court accuses Haryana’s BJP state government of “ethnic cleansing” after it targets Muslims in bulldozer rampage
By Martina Inessa, Kranti Kumara The Bharatiya Janata Party (BJP) government in the north Indian state of Haryana went on a rampage from August 3 to 6, ordering the bulldozing of more than 1,200 Muslim homes and shops. While the demolitions occurred in many of the state’s towns and villages, they were
Forcing a rape victim to child birth is against ‘constitutional philosophy’, SC holds
By Staff Writer The Supreme Court of India (SC) today (21) held that forcing a rape victims to child birth is against "constitutional philosophy", and allowed the plea of an Adivasi woman to terminate pregnancy after 27 weeks of the foetus. The SC was hearing an urgent appeal from an order from
Leaked inquiry report into aborted Australian #MeToo trial deepens legal crisis
By Cheryl Crisp The leaking of the report from the Australian Capital Territory (ACT) Board of Inquiry into the Criminal Justice System held to investigate the conduct of one of the most highly publicised #MeToo rape trials in Australia has intensified, rather than ameliorated, the crisis surrounding the case. The trial
Corruption and criminality of the Supreme Court most right-wing Judge Clarence Thomas exposed
By Patrick Martin An investigative report published Wednesday by Pro Publica outlines the utterly corrupt lifestyle of Supreme Court Justice Clarence Thomas. The most right-wing of the nine justices, the most consistent advocate of the interests of the super-rich and enemy of democratic rights, has lived like a billionaire throughout his
UK’s withering democratic space
Staff Writer A report, published in early August, by two think-tanks of the United Kingdom details about the withering democratic space of the country for years, under the successive Tories and Labour governments. Titled 'Defending our democratic space: A call to action', the report has been prepared by the Sheila McKechnie
US’ Credit Crunch: the fall in money supply since 2022 the largest since Great Depression
By Ryan McMaken Money supply growth fell again in June, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. June's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply