International Monetary Fund (IMF) last Thursday announced that a preliminary staff-level agreement with the Sri Lankan government had been reached for a four-year arrangement to provide a $US2.9 billion loan facility, subject to the approval of the IMF the executive board.
IMF announces preliminary bailout loan agreement with Sri Lanka
Tag: state-owned enterprises
Manufacturing Consent: How the United States Has Penetrated South African Media
The CIA has played a role in controlling South African media from the days of apartheid to the present.
In recent weeks, South African public discourse has been focused on concerns about alleged Chinese influence in the country’s media landscape. However, these conversations have tended to overlook the already existing spheres of influence within South African media. Politically motivated sponsorship of prominent South African media outlets by the United States dates back decades to the apartheid era. According to internal U.S. government documents, the aim of these operations was “to counter the strong Marxist campaigns” in the country. This funding was circulated by the National Endowment for Democracy, an organization created by the Reagan administration in order to re-brand U.S. covert operations that were previously carried out by the Central Intelligence Agency. Today, as Washington becomes fixated on combating Beijing’s influence around the world, the National Endowment for Democracy and its private sector partners continue to penetrate large swathes of the South African media ecosystem. This web of influence has caught major publications, including Mail & Guardian newspaper and amaBhungane Centre for Investigative Journalism.
Manufacturing Consent: How the United States Has Penetrated South African Media
On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatization and job losses.
Jianlong Steel Holding Company official Chen Guojun, who earned over 3 million yuan the previous year, planned to take over the majority state-owned Tonghua Iron and Steel Group. He announced plans to cut the number of workers from 30,000 down to around 5,000, with those made redundant receiving around 200 yuan in compensation. The firm was still profitable, but the planned restructuring was aimed at increasing profits further amidst a global economic downturn.
Outraged, the workers shut down production and rioted, beating Chen, blocking roads and smashing police cars to prevent police and ambulances from reaching him.
The sale was subsequently scrapped.
On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatisation and job losses.
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The MADness of the Resurgent US Cold War With Russia
The war in Ukraine has placed US and NATO policy toward Russia under a spotlight, highlighting how the US and its allies have expanded NATO right up to Russia’s borders, backed a coup and now a proxy war in Ukraine, imposed waves of economic sanctions, and launched a debilitating trillion-dollar arms race. The explicit goal is to pressure, weaken and ultimately eliminate Russia, or a Russia-China partnership, as a strategic competitor to US imperial power.
The MADness of the Resurgent US Cold War With Russia
It’s wrong to say China is heading for socialism, because it never really abandoned it
It’s wrong to say China is heading for socialism, because it never really abandoned it
Ultimately, what is behind the coverage you see in the West is a sense of dismay that China did not take the path they wanted. China was a socialist state, and still is, but refines its policies in pursuit of its national goals where necessary. It understands the difference between dogmatism and pragmatism, and that is why it so frequently succeeds.
Afghanistan: Chinese Reconstruction vs. US Sanctions
China’s ‘collapse’ not happening any time soon
Xinhua Headlines: New Tibet, the rising “Roof of the World”
New Tibet, the rising “Roof of the World”
Parts 1 & 2:
YouTube: The Real Tibet
YouTube: The Making of a New Tibet
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