The Shifting Oil Power: The Rising Russia

A Journal of People report

The power of oil is shifting. This shift may impact global politics with implications on the life of peoples in countries.

A Bloomberg report – “Russia to Leapfrog Saudi in Wealth League as Oil Power Shifts” – on August 11, 2019 said:

“The shifting balance of power in the oil world is showing up in a new indicator: central bank reserves.Read More »

Support Venezuelans in Feeding Themselves

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CEO compensation has grown 940% since 1978

by Lawrence Mishel and Julia Wolfe

 Economic Policy Institute | August 14, 2019


What this report finds: The increased focus on growing inequality has led to an increased focus on CEO pay. Corporate boards running America’s largest public firms are giving top executives outsize compensation packages. Average pay of CEOs at the top 350 firms in 2018 was $17.2 million—or $14.0 million using a more conservative measure. (Stock options make up a big part of CEO pay packages, and the conservative measure values the options when granted, versus when cashed in, or “realized.”) CEO compensation is very high relative to typical worker compensation (by a ratio of 278-to-1 or 221-to-1). In contrast, the CEO-to-typical-worker compensation ratio (options realized) was 20-to-1 in 1965 and 58-to-1 in 1989. CEOs are even making a lot more—about five times as much—as other earners in the top 0.1%. From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.Read More »

Note: A K Roy

by Ismail Chaudhury

Frontier | Vol. 52, No. 6, Aug 11 – 17, 2019

A K Roy is no more. A long-time associate of Frontier lost his CPM-party card, ironically though, due to publication of an innocuous article in Frontier. That is a different story with a different political perspective.

The veteran trade union leader from Dhanbad passed away in the 3rd week of July, 2019, because of multiple organ failures. He was 84. Roy’s Bihar Colliery Kamgar Union (BCKU), affiliated to the Centre of Indian Trade Unions (CITU), was a force to reckon with in the politician-mafia dominated Dhanbad colliery belt in the ’60s, ’70s and ’80s. His politically advanced treade union was a moving spirit behind the raging Jharkhand movement in those days. In truth he was even ready to float the idea of Lal Jharkhand (Red Jharkhand), albeit principal movement leaders like Sibu Soren and others were opposed to it. He was so popular among labouring masses, particularly among tribals, that despite being in prison in 1977, he contested the Dhanbad parliamentary seat and defeated his Congress rival convincingly. Also, he represented the constituency later twice, in 1980 and 1989 and made many a positive contribution to parliamentary proceedings. In 1967, he was an MLA from Sindri.Read More »

Remembering A K Roy: The End of an Era

by Ranjan Ghosh

Frontier | Vol. 52, No. 6, Aug 11 – 17, 2019

A K Roy, the legendary trade union leader of the coal miners of Dhanbad, has passed away. He was ill for the last several years—unable to speak due to partial paralysis but the smile in his toothless face remained unchanged. He would recognize everybody who came to visit him. He would squeeze the visitor’s hand in his own and his smile became bigger. That was his way of communicating the fact that he recognized the person before him. He had a sharp memory. He not only remembered the names of innumerable coal miners or villagers whom he met but could tell you the villages or collieries where they lived. He would even give you the direction—the roads, streets, lanes or by lanes of the particular house in some remote village of his constituency—Dhanbad. Obviously, he visited those insignificant hamlets or coolie quarters personally—not in cars—but on public transport, borrowed cycles, on the back of somebody’s motorcycle or simply on foot.Read More »

The Failure to See What Jeffrey Epstein Was Doing


The New Yorker August 18, 2019

Illustration by João Fazenda

How hard was it, really, to see what Jeffrey Epstein was doing? In the last hours of his life, early on the morning of August 10th, it shouldn’t have been difficult at all. He was in a cell at the Metropolitan Correctional Center, awaiting trial on charges related to the sex trafficking of minors, and a guard was required to check on him every half hour. That was less supervision than he had when he was on suicide watch, in late July—the watch was lifted after just six days—but it should have been sufficient. He was supposed to have a cellmate, too, but he didn’t. And the two guards on duty were, reportedly, asleep.Read More »

Jeffrey Epstein and the Spectacle of Secrecy

by Edward Curtin

When phrases such as “the deep state” and “conspiracy theory” become staples of both the corporate mainstream media and the alternative press, we know the realities behind these phrases have outlasted their usefulness for the ruling elites that control the United States and for their critics, each of whom uses them refutably or corrobatively. These phrases are bandied about so often that they have become hackneyed and inane.

Everything is shallow now, in our faces, and by being in our faces the truth is taking place behind our backs. The obvious can’t be true since it’s so obvious, so let us search for other explanations, and when the searchers search, let us call them “conspiracy nuts.”  It is a mind game of extraordinary proportions, orchestrated by the perverted power elites that run the show and ably abetted by their partners in the corporate mass media, even some in the alternative press who mean well but are confused, or are disinformation agents in the business of sowing confusion together with their mainstream Operation Mockingbird partners.  It is a spectacle of open secrecy, in which the CIA, which created the “conspiracy theory” meme to ridicule critics of the Warren Commission’s absurd explanation of the Kennedy assassination, has effectively sucked everyone into a game of to and fro in which only they win.Read More »

Ten Things We are Asked to Believe about Jeffrey Epstein’s Death

by Gary Leupp

We are asked to believe the following basic “facts” about the pedophile [Strictly speaking, pedophilia is sex with prepubescent children, generally before age 13 — DV Editor] philanthropist’s death, some more credible than others:

1. On August 23, Jeffrey Epstein attempted suicide in the Metropolitan Correctional Center in Manhattan. (But it was reported at the time that Epstein may have been attacked by a fellow inmate in jail, and the matter was not well covered in the press.) The coroner handling Epstein’s autopsy notes that this attempt has “never been definitively explained.”Read More »