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Evergrande fails to make interest payment

The chief concern is what the Evergrande crisis signals for future economic development, because its business model has been characterised as a smaller version of the Chinese economy as a whole.

Nick Beams

An important step forward in the fight against the pandemic

The call for a UK school strike is part of a growing wave of resistance by the working class, which is entering a new stage of the class struggle. It requires the support of workers in every country and efforts must be made to coordinate similar strikes and workplace actions internationally.

Evan Blake

Three dead in Montana Amtrak derailment

An Amtrak train with 141 passengers and 16 crew members derailed in a remote area of Montana on Saturday, killing three people and sending five others to the hospital.

Kevin Reed

Fawn Fire threatens numerous communities in Northern California

Fire response agencies have issued evacuation orders for the Mt. Shasta-Trinity area, including all roads east of I-5 north of Old Oregon Trail and north to Shasta Lake, and thousands of people have been evacuated from the area.

Adria French

Workers Struggles: Asia, Australia and New Zealand

India: Village health nurses protest in Tamil Nadu for shorter hours; Andhra Pradesh contract medical officers demand unpaid salaries; Australian truck drivers strike for better pay

American capitalism normalizes mass death

The daily death toll of the COVID-19 pandemic, with more than 2,000 people dying in the United States every day, is being treated as the “new normal.”

Andre Damon

The climate crisis requires a socialist response

The climate issue, like all major social issues—social inequality, coronavirus, right-wing extremism, refugee policy and war—is a class issue. It requires an international, social response.

Sozialistische Gleichheitspartei (SGP) and IYSSE

Workers Struggles: Europe, Middle East & Africa

Danish nurses continue wildcat stoppages in defiance of unions over pay and lack of staff, joined by sympathy strike of Silkeborg social workers; teachers across France walk out for 24 hours to demand more staff, better pay and conditions; Sunday pay strikes at ScotRail continue for over six months, 24-hour safety strikes continue at East Midlands Rail; Nigerian resident doctors on strike for nearly two months over pay arrears, while other health unions prevaricate about calling members out over same issues

Wall Street welcomes latest Fed decisions

While he indicated the Fed could announce a “tapering” of its asset purchases in November, Fed chair Jerome Powell said the Fed’s monetary policy would remain “accommodative” and any lift in interest rates was “well away.”

Nick Beams

Pandemic and surge in food prices deepens global hunger

What most analysts will not mention is the role of market manipulation, profiteering and speculation in pushing up prices. Speculation has been fuelled by the supply of ready cash provided by capitalist governments, particularly in the US and Europe in response to the financial market meltdown of March 2020 at the start of the pandemic.

Jean Shaoul

New Zealand PM “pleased to see” AUKUS military pact

New Zealand is not part of the recently announced military pact between the US, Britain and Australia targeting China, but Prime Minister Ardern welcomed their aggressive engagement in the Pacific region.

Tom Peters
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