US Supreme Court guts wetlands protections
By Daniel de Vries The US Supreme Court on Thursday eliminated federal protections for millions of acres of wetlands across the United States. The ruling in Sackett v. EPA is the latest in a series of anti-democratic and anti-science dictates by the right-wing majority. It upends more than 50 years of environmental policy
US court’s abortion pill ruling: Another milestone in the assault on democratic rights
By Patrick Martin The ruling issued Friday by federal District Judge Matthew Kacsmaryk, overturning approval of the abortion pill mifepristone by the Food and Drug Administration, is the most flagrant attack on the democratic right to abortion since the Supreme Court’s decision last summer to overturn Roe v. Wade. The J. Marvin Jones
ICC issues arrest warrant against Putin as part of US-NATO propaganda campaign for regime change
By Joseph Kishore On Friday, the International Criminal Court (ICC) in The Hague issued arrest warrants for Russian President Vladimir Putin and Maria Lvova-Belova, Russia’s commissioner for children’s rights, for alleged war crimes. The move is transparently political. It takes place as the US and NATO powers are orchestrating a massive escalation
US Supreme Court poised to overturn Biden administration’s limited student debt relief plan
By Jacob Crosse, Our reporters On Tuesday, the US Supreme Court heard two different challenges to President Joe Biden’s student loan forgiveness plan, announced last year but blocked almost immediately by Republican judges. Biden’s plan would grant up to $20,000 in loan relief per federal borrower. Student debt relief advocates gather outside the
2022: A year of deepening economic and financial crisis
By Nick Beams The year 2022 has seen a sea change in the global economy and financial system, setting in motion tendencies that will continue and deepen in 2023. The most significant shift in the economic and financial landscape has been the development of global inflation to the highest level in four
World Economic League Table 2023
World Economic League Table 2023 by The Centre for Economics and Business Research 26 December 2022 Highlights of the Report: We expect world GDP will continue to recover. We estimate that it will amount to $102 trillion for 2022 as a whole and will roughly double to $206 trillion in 2037.
Punitive middle class tax rises will backfire
Back in the 1960s and 1970s, income taxes rose to such stratospheric levels that they led to an exodus of the super-rich. The marginal top rate at one point was 98 per cent applied to incomes over £20,000,equivalent to about £222,000 today. Most well-off people paid 60p in the pound until
ILO Report confirms wages caused no inflation
By Nick Beams A report issued by the International Labour Organisation has blown apart the claims by capitalist governments and central bankers around the world that interest rate hikes, now threatening to drive significant areas of the world economy into recession, are necessary to “fight inflation” by suppressing wage demands. The ILO’s
Is the world in a Long Depression?
Re-published below is an article by Marxist economist Michael Roberts on what he calls the Long Depression. His book titled the same is a must read. Roberts' article was originally published in his blog on 13 March 2022 One of my basic theses about modern capitalism is that since 2008, the
What is Wickremasinge’s Social Market Economy ?
What is Sri Lanka President Ranil Wickremasinghe proposing when he refers to a Socal Market Economy (SME) ? UNP Government in 2015 proposed the same. Redeem Sally wrote an article published in DailyFT on 07 October 2015. We republish it here. SME is another pseudo-name for Neoliberal Market Economy,