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: strikes
New U.K. PM Liz Truss Has “Extreme Neoliberal” Anti-Labor, Anti-Environment Record
The United Kingdom’s Conservative Party has voted for Liz Truss to become its new leader, replacing Boris Johnson and making her Britain’s next prime minister. Truss served as foreign secretary under Johnson and has a record of “extreme neoliberal policies,” says British journalist George Monbiot. These include supporting tax cuts for the wealthy, deregulating the fossil fuel industry and refusing to regulate agricultural pollution. Monbiot also warns Truss will undermine the country’s model public health system and labor rights for organizing workers.
New U.K. PM Liz Truss Has “Extreme Neoliberal” Anti-Labor, Anti-Environment Record
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
A US Freight Rail Crisis Threatens More Supply Chain Chaos
Federal regulators and the White House have been scrambling to prevent poor service and a possible strike from jamming up a vital but often overlooked network.
A US Freight Rail Crisis Threatens More Supply Chain Chaos
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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Sri Lanka ‘Uprising’ Is Not What You Think. Sri Lankan Activist Explains The Politics
Source: Jamarl Thomas on YouTube.
In this interview, the Sri Lankan Activist mentions the Frontline Socialist Party were planning on storming the Sri Lankan Parliament and that Victoria Nuland had previously visited Sri Lanka. WSWS says (as does Wikipedia) that they were founded by a breakaway faction of Janatha Vimukthi Peramuna and refers to them as part of the pseudo-left. Premakumar Gunaratnam (a dual citizen of Sri Lanka and Australia), AKA Kumar Gunaratnam/Noel Mudalige/Kumar Mahathaya/Kumara Mahathaya was the leader.
I suggest that people be skeptical about these protests in Asia and Latin America. I’ve suspected that the US would take advantage of the civil unrest, from the sanctions that they have imposed on Russia, to overthrow opposing governments. Whether this was done intentionally, or they’ve co-opted these movements, I’m unsure.
Sources:
Read More »Indigenous protester dies in Ecuador as violence increases
On Tuesday, an estimated 10,000 Indigenous people took to the streets of Quito.
Indigenous protester dies in Ecuador as violence increases
Video via Peoples Dispatch
Horrific death at Caterpillar Mapleton foundry evokes outpouring of shock and anger among workers
Caterpillar workers: We want to hear from you. Fill out the form at the end of this report to share your experience with any workplace or safety issues at your facility. All comments will be kept anonymous.
Workers have responded with an outpouring of sympathy, horror and growing indignation to the horrific workplace death last week of Steven Dierkes at Caterpillar’s Mapleton foundry in central Illinois. On June 2, Steven, 39, was working near a crucible with molten metal when he fell in, instantly killing him, the Peoria County coroner reported.
Horrific death at Caterpillar Mapleton foundry evokes outpouring of shock and anger among workers
H/T: xenagoguevicene
Related:
Caterpillar worker falls into molten iron crucible and dies at Mapleton, Illinois foundry
By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer
The U.S. empire’s social stability can no longer rely on buying off the workers within its own borders. When Che Guevara observed that international worker solidarity gets undermined by the proletarians in the core imperialist countries receiving special benefits compared to the proletarians in the exploited countries, he was right. But with the contraction of capital, and the consequential introduction of neoliberalism to keep capital afloat, this has changed. Every year, the masses within the United States face conditions that are more like the ones in the Global South. The global wealth gap is still the primary wealth gap in a macro sense, but this widening of the U.S. empire’s internal inequality represents a contradiction which can bring about the empire’s defeat from within. And therefore a major step towards eliminating the global gap.
By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer
Mass demonstrations spread worldwide as food, gas costs spiral
Mass demonstrations spread worldwide as food, gas costs spiral
🤔💭 How many of these protests are the USAID/NED/Big Business instigating, or are going to take advantage of, in the name of “national [corporate] interests?!”
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