Daily Archives: July 29, 2022

2022-07-29: News Headlines

Josef Thoman, David Goessmann (2022-07-29). Energy crisis: market intervention by policymakers is necessary. indybay.org We are in the middle of a multiple energy crisis. The supply of energy is in danger, and prices will continue to rise. This is not only a problem for private households and companies; rather, there is a danger that the persistently high inflation will become entrenched. Then we will be faced with a severe economic depression.

Mark Weisbrot (2022-07-29). The Fed Will Be to Blame if the Economy Crashes Into a Recession. commondreams.org We don't need a recession—which would be devastating—to solve our inflation problem.

WSWS (2022-07-29). US economy starting to move into recession. wsws.org According to Commerce Department data released yesterday, US gross domestic product contracted at an annualised rate of 0.9 percent in the three months to June, following a 1.6 percent contraction in the first quarter.

WSWS (2022-07-29). 7 Prisoners from Brazil and modern slave labor. wsws.org Tens of millions remain trapped by capitalism in this primitive and brutal condition, and some of them in major urban areas.

Internationalist 360 ∞ (2022-07-28). Russian Ops in Ukraine (July 28, 2022): Ukraine's "Kherson Offensive," Battle in the Donbass. libya360.wordpress.com Update on Russia operations in Ukraine for July 28, 2022 — US continues sending weapons to Ukraine but in diminished numbers; — Pentagon overstates impact of HIMARS, omits Russian gains in Donbass; — Washington DC-based think tank admits Russia is still making gains; — Best case scenario for Ukraine's "Kherson Offensive" falls far short of…

Anonymous669 (2022-07-28). In Video: Russian Loitering Munition Takes Out Bayraktar Drone Communication Station In Ukraine. southfront.org MOSCOW REGION, RUSSIA &#1 ; JUNE 25, 2019: A ZALA Lancet-3 attack drone developed by Kalashnikov Concern on display at the Army 2019 International Military Technical Forum at Patriot Park. Marina Lystseva/TASS | The Russian military has destroyed a communication station for Bayraktar TB2 combat drones that was deployed by Ukrainian forces near the front in Kherson. | A video released on July 28 shows the communication station receiving a direct hit from a Russian Lancet loitering munition, which was reportedly laun…

Anonymous103 (2022-07-28). Military Situation In Ukraine On July 28, 2022 (Map Update). southfront.org Russia struck the AFU 72nd Mechanised Brigade near Artyomovsk with high-precision missiles; | Russia struck the AFU 60th Infantry Brigade in Topolinoye with high-precision missiles; | Russia struck the AFU 53rd Mechanised Brigade near Malyie Shcherbaki with high-precision missiles; | Russia struck the AFU 28th Mechanised Brigade near Pokrovskoye with high-precision missiles; | Russian air defense systems shot down 3 Ukrainian drones near Kamenka in the Kharkov region, Yasin…

Internationalist 360 ∞ (2022-07-28). Western Media Fail in Desperate Attempts to Ridicule Russia's Use of Combat Lasers. libya360.wordpress.com Drago Bosnic Last week, Russia revealed it has been using combat lasers in military operations in Ukraine. Primary targets of these weapons are believed to be quadrocopter commercial drones the Ukrainian military has increasingly started relying on, as its much-touted "Bayraktar" TB-2 and other similar large drones have failed miserably, being picked off by Russia's second-to-none air…

Dana Sanchez (2022-07-28). After Biden Dismissed Inflation, GDP Contracts 2 Quarters In Row Triggering Technical Recession Definition. moguldom.com Technically, it's official … kind of. After the second straight quarter of a declining economy, the U.S. is technically in a recession — a definition triggered when a country's real gross domestic product (GDP)—the most-watched indicator of economic activity—contracts for two or more consecutive quarters. Most economists agree that this defines a recession. However, the White House …

Matt Sedlar (2022-07-28). Fed Needs to Make Sure That It Doesn't Bring On the Next Recession. cepr.net Interest rate hikes are threatening to cause a recession. The Fed should be able to make sure that it doesn't make that mistake.

Staff (2022-07-28). GDP Falls at a 0.9 Percent Rate, Driven by Slower Inventory Growth and Falling Housing Construction. cepr.net Recession-fearing households increased spending on hotels and restaurants at a 13.5 percent annual rate in Q2.

Anonymous103 (2022-07-28). Military Situation In Syria On July 28, 2022 (Map Update). southfront.org On July 28, Russia reported that Idlib militants violated the ceasefire regime in Greater Idlib 10 times: 3 &#1 ; in Idlib province, 6 &#1 ; in Aleppo province, 1 &#1 ; in Lattakia province; | On July 28, Turkish drones struck SDF positions near Ain Issa town; | On July 27, artillery of Turkish-backed forces shelled SDF positions near Tal Rafaat; | 17 SAA seRvicemen and local militia group members were killed and 35 others were wounded as a result of clashes in the Suwaid…

Marilyn Bechtel (2022-07-28). New California bill creates private right of action against illegal weapons. peoplesworld.org Under a new law California Governor Gavin Newsom signed July 22, individuals will be able to sue those who manufacture, distribute, transport, import or sell dangerous and illegal assault weapons and ghost guns in the state. Senate Bill 1327, Firearms: Private Rights of Action builds on a concept Newsom advanced late last year after the …

____ (2022-07-28). Xi stresses upholding socialism with Chinese characteristics to build modern socialist country. ecns.cn President Xi Jinping has stressed holding high the banner of socialism with Chinese characteristics and striving to write a brand new chapter in building a modern socialist country in all respects.

David Goeàümann (2022-07-28). Noam Chomsky: We Can Free Ourselves from State Capitalism. commondreams.org Even without fundamental changes in prevailing state capitalism, the kind of New Deal-style regulation that was dismantled by the neoliberal assault can be reinstated, and strengthened.

Deweylaura (2022-07-28). Marxist IQ: A people's culture. cpusa.org Capitalism sees cultural production (literature, theater, painting, films) as both commodities to be produced for profit and expressions of ruling-class ideology. But artists influenced by both Marxism and the struggles of the working class have produced work to advance working-class consciousness. This Marxist IQ is dedicated to those artists and their work. 1. World-famous …

WSWS (2022-07-28). St. Louis Boeing defense workers vote down contract, prepare to strike. wsws.org A strike at the plants, which build the F-15 and F-18 military aircraft as well as drones and other aerospace weapons used by the military, would have a major impact not only on Boeing but on the American military-industrial complex as a whole.

Mark Gruenberg (2022-07-27). 2, 0 Machinists at Boeing St. Louis Plant on verge of forced strike. peoplesworld.org ST. LOUIS —Some 2, 0 Machinists at three St. Louis-area military aircraft production plants prepared for a forced strike starting August 1, after rejecting the company's "modified best and final offer" that they called completely inadequate. "We cannot accept a contract that is not fair and equitable, as this company continues to make billions of dollars each …

W. T. Whitney Jr. (2022-07-27). The struggling Communist Party of Swaziland needs international solidarity. peoplesworld.org Life expectancy in Swaziland, in southern Africa, is the world's seventh lowest; its HIV/AIDS prevalence is the world's highest, at 26%. Unemployment is 41%, and wages for 80% of workers are less than $2 per day. Swaziland is an autocracy headed by a king, and it's social and economic indicators show that the people are …

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