Daily Archives: July 30, 2022

2022-07-30: News Headlines

WSWS (2022-07-30). The class dynamics of the Fed's recession program. wsws.org The central bank, the guardian of the interests of the corporations and finance capital, has set out to engineer a marked slowdown and, if necessary, a major economic contraction.

Fight Back (2022-07-29). Machinists in Missouri and Illinois set to strike August 1. fightbacknews.org St. Louis, MO – Around 2500 members of the International Association of Machinists and Aerospace Workers (IAM) who work for Boeing in Illinois and Missouri voted down a contract offer from management on July 24. They have set a date to begin a strike on August 1. | The workers build F-15 and F-18 aircraft as well as other military equipment like drones and missiles. A strike at the Boeing plants is expected to significantly effect Boeing and also supply chains to the U.S. military. | The union is demanding pay increases to keep up with rapidly rising costs, and to keep retirement plans in effect, as well as to g…

_____ (2022-07-29). The Shadow Bank That Owns The World. popularresistance.org For most people in America and much of the world, our life is — to some degree — owned, run, managed, or manipulated by a "shadow bank" that few people even know the name of. It holds between 9 and 10 Trillion dollars in assets. It is the largest or close-to largest stake holder in most enormous media companies like Disney and Comcast, most big tech companies like Google and Meta/Facebook, most big banks like Citibank, Bank of America, and Barclays. This secretive cabal is one of the biggest funders of deforestation, fossil fuel use, weapons contractors, and basically destroying the planet. And yet, d…

_____ (2022-07-29). West Prepares To Plunder Post-War Ukraine. popularresistance.org While the United States and Europe flood Ukraine with tens of billions of dollars of weapons, using it as an anti-Russian proxy and pouring fuel on the fire of a brutal war that is devastating the country, they are also making plans to essentially plunder its post-war economy. | Representatives of Western governments and corporations met in Switzerland this July to plan a series of harsh neoliberal policies to impose on post-war Ukraine, calling to cut labor laws, "open markets," drop tariffs, deregulate industries, and "sell state-owned enterprises to private investors." | Ukraine has been destabilized by violen…

Staff (2022-07-29). 4 killed in Turkish attack on N Syria. en.mehrnews.com TEHRAN, Jul. 29 (MNA) — Security forces of Kurdish-residence areas in Syria announced that they lost four of their elements, including three women, after being targeted by Turkish drones.

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.

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.

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.

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 …

2022-07-30 13:17 | 09:17 EST | tr | 12 | 1 | 8 | 1 | 0