Granma | 22 December, 2016
Saint George.— A special tribute to the recently deceased leader of the Cuban Revolution, Fidel Castro, took place during the celebration of the 44th anniversary of relations between Cuba and the Caribbean Community (Caricom).Read More »
No Free Lunch: Or Is There?
by Ellen Brown
It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” But UK Prof. Richard Werner says the magic bullet is just being ignored.
On December 4, 2016, Italian voters rejected a referendum to amend their constitution to give the government more power, and the Italian prime minister resigned. The resulting chaos has pushed Italy’s already-troubled banks into bankruptcy. First on the chopping block is the 500 year old Banca Monte dei Paschi di Siena SpA (BMP), the oldest surviving bank in the world and the third largest bank in Italy. The concern is that its loss could trigger the collapse of other banks and even of the eurozone itself.Read More »
by Jonathan Cook
There is an astounding double standard being applied to the US presidential election result.
A few weeks ago the corporate media were appalled that Donald Trump demurred on whether he would accept the vote if it went against him. It was proof of his anti-democratic, authoritarian instincts.
But now he has won, the same media outlets are cheerleading the establishment’s full-frontal assault on the legitimacy of a Trump presidency. That campaign is being headed by the failed candidate, Hillary Clinton, after a lengthy softening-up operation by US intelligence agencies, led by the CIA.Read More »
by Daniel Espinosa Winder
The Russians are coming! Once again, the structural bias of the American news media in favor of the ‘official version’ turns them into a propaganda tool. Intelligence sources point out Russian interference in recent elections. However, WikiLeaks-related sources say the Democratic Party’s mail leak was the working of a whistleblower within that institution.
“Experts point out…”, “Specialists agree…”, “There is a consensus among intelligence agencies …” While the plot’s been cooking for several months now, it was the DNC leaks and Hillary Clinton’s subsequent defeat against Donald Trump what finally put the ‘serious’ press, mainly the Washington Post and the New York Times, working in its propagandistic role: ‘the Russians are trying to destroy American democracy’, they say.Read More »
In conversation with economist Prabhat Patnaik on the government’s decision to demonetise Rs 500 and Rs 1000 notes.
The Wire | 12 November, 2016
On November 8, Prime Minister Narendra Modi addressed the nation at 8 pm and announced that Rs 500 and Rs 1000 notes would no longer be legal tender after midnight that night. This move was needed to tackle the “disease of black money,” he said.
Since then, their have been numerous reports of how ordinary people have been affected by the move, long lines outside ATMs and banks, and whether this move will be successful in its aims.
The Wire sat down with renowned economist and professor emeritus at Jawaharlal Nehru University Prabhat Patnaik to talk about the nature of black business, whether this decision would be effective, the troubles it has caused and will continue to cause for large sections of the population, and more.Read More »