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By Jerry White, 30 July 1999
Federal Reserve Board Chairman Alan Greenspan told the US Congress Wednesday that the central bank was prepared to raise interest rates and slow the economy down in order to preempt any significant rise in workers' wages and benefits. The Fed chairman spoke during a week when US corporations, including Compaq computer, Kodak and General Motors, eliminated tens of thousands of jobs.
By Emanuele Saccarelli, 30 July 1999
Statistics on poverty in Italy for the year 1998 were recently released. According to the report there were 2,558,000 poor families in Italy last year. This figure translates to 7,432,000 poor people, or 13 percent of the population. ISTAT, the organisation releasing the data, defines the poverty line as a monthly combined income of slightly less than 1,500,000 lire (about $800) for two people.
30 July 1999
Eyes Wide Shut is an intriguing failure, a fitting culmination to the career of American director Stanley Kubrick, who died in March at the age of 70. While Kubrick's attempts in his last film to make grand statements are unclear and inflated, in its most successful moments the work does convey something about the difficulties of sharing a life with another human being.
By Keith Lee, 30 July 1999
The only police officer to face serious internal charges stemming from the Stephen Lawrence murder inquiry was cleared last week of all but two minor breaches of discipline. The hearing —the case was brought by the Metropolitan Police under the supervision of the Police Complaints Authority—found Detective Inspector Ben Bullock not guilty on three charges containing 11 breaches of discipline. Fifteen alleged breaches had been dismissed previously, on the grounds of lack of evidence. In total, Bullock has been found guilty of just 2 of 28 charges.
By Peter Schwarz, 30 July 1999
Zoran Djindjic has become a favourite of the German media and politicians. Hardly a day goes by without some news sheet or broadcaster presenting an interview with him. Chancellor Schroeder has received him twice in Bonn. He is treated like a statesman, and indeed, they would like to see him at the head of the Yugoslav state today rather than tomorrow.
By Martin McLaughlin, 30 July 1999
The tax cut legislation passed by the US House of Representatives last week and scheduled for a final vote July 30 by the US Senate is one of most brazen pieces of class legislation ever adopted by an American Congress. It proposes to cut $792 billion in federal taxes, with the vast majority of the windfall going to the wealthiest families.
30 July 1999
Ukrainian coal miners' relatives march to demand payment of wages
By Peter Schwarz, 29 July 1999
A reader from Italy wrote to the WSWS: ”I am an Italian Marxist and your reader. Your Internet issues are very precious and important. Please, I need help about some questions. What do you think about Operation ‘Horseshoe' and its discovery by German intelligence?” We publish the answer to this question, which is of general interest.
By Mike Head, 29 July 1999
In what witnesses described as a massacre, Indonesian troops shot dead up to 60 people and wounded 10 last Friday in two villages in the western part of Aceh, the oil-rich region on the northern tip of Sumatra. It was the worst military killing this year in what has become an escalating campaign to suppress the secessionist Free Aceh movement.
By Nick Beams, 29 July 1999
Barely weeks after spokesmen for the International Monetary Fund and other global financial institutions declared that the so-called Asian financial crisis had run its course, world financial markets have been experiencing a new round of jitters. This time, though, the cause of the nervousness is not “emerging markets” but the situation in the United States.