Category Archives: Economy

Strikes in Greece as austerity deal proves elusive

By DEREK GATOPOULOS

ATHENS, Greece (AP) — A 24-hour strike by civil servants disrupted public services in Greece on Wednesday as the government struggled to hammer out a deal on further austerity measures with international creditors.

Thousands of protesters attended rallies in Athens and other cities, while civil servants penciled in another 48-hour strike on March 19-20.

In central Athens, cleaning staff fired by the finance ministry marched holding up buckets and mops, and a group of school teachers chained themselves to railings in front of parliament.

“I feel like I’ve been dumped in the trash,” said Nikos Kikakis, a suspended 59-year-old high school headmaster who is due to be laid off this month and joined the protest at the parliament. “I have worked for 26 years in public service, and have no hope of finding a job now.”

Read more » Yahoo News
http://news.yahoo.com/strikes-greece-austerity-deal-proves-elusive-090617286–finance.html

Bill Maher’s excellent commentary on income inequality

by BruinKid

Last night, Bill Maher delivered an excellent final New Rule on how some of the 1% are whining about feeling persecuted.

Did you know that during World War II, FDR actually proposed a cap on income that in today’s dollars would mean that no person could ever take home more than about $300,000?  OK, that is a little low.  (audience laughter)  But wouldn’t it be great if there were Democrats out there like that now, who would say to billionaires, “Oh, you’re crying?  We’ll give you something to cry about.  You don’t want a minimum wage?  How about we not only have a minimum wage, we have a maximum wage?”  (audience applause)

That is not a new idea.  James Madison, who wrote our Constitution, said, “Government should prevent an immoderate accumulation of riches.”  Washington, Jefferson, Hamilton, they all agreed that too much money in the hands of too few would destroy democracy.

Read more » DAILY KOS
http://www.dailykos.com/story/2014/03/01/1281312/-Bill-Maher-s-excellent-commentary-on-income-inequality

Pakistan – UAE firm signs $2.5bn multi-project MoU

ISLAMABAD: On first day of its first visit to Pakistan, Arab National Construction (ANC) Holdings of Dubai was able to sign a memorandum of understanding (MoU) with the government to set up two coal-based power projects at Gadani, a jetty for coal import and a transmission line to add 1,320 megawatts of electricity to national grid at an investment of $2.5 billion.

Read more » DAWN
http://www.dawn.com/news/1091247/uae-firm-signs-25bn-multi-project-mou

Food poverty now bigger public health concern than diet – expert claims

Panorama explores claims many turn to food banks due to being penalised when judged to have broken benefit conditions

By Patrick Butler, social policy editor

The prevalence of poverty–stricken families who cannot afford to buy sufficient food is overtaking unhealthy eating as the most pressing public health concern, a public health specialist has claimed.

The claim is made in a BBC Panorama documentary to be broadcast on Monday evening which found that over a third of local authorities in England and Wales were now providing funding for food banks, despite government claims that charity food is not a part of the social security system.

Julie Hirst, public health specialist at Derbyshire county council, told Panorama the authority had invested £126,000 from its public health budget in food banks.

She said: “It’s now become an issue of food poverty and some people in the country are not being able to eat at all – and if people can’t eat at all, what’s the point in trying to get them to eat healthily?”

Elizabeth Dowler, a professor at Warwick University and the co-author of a recent government-commissioned report on food aid provision, told the programme it was shocking so many councils were investing in food banks.

“Food banks are an inadequate plaster over a gaping wound … They do not solve the problems. And that they should be enshrined as an inadequate solution is deeply immoral.”

Read more » theguardian
http://www.theguardian.com/society/2014/mar/03/food-banks-public-health-benefits-panorama?CMP=twt_gu&utm_source=hootsuite&utm_campaign=hootsuite

UK visas should be auctioned, migration advisers say

By Brian Wheeler, Political reporter The right to settle in Britain should be auctioned off to wealthy foreign investors, government advisers say. At present migrants can gain entry by investing £1m or more in the UK. Read more » BBC http://www.bbc.co.uk/news/uk-politics-26334978

Pentagon plans to downsize US military

Pentagon’s Chuck Hagel plans to downsize US military

Defence Secretary Chuck Hagel has unveiled plans to shrink the US Army to its smallest size since before the US entered World War Two.

Outlining his budget plan, the Pentagon chief proposed trimming the active-duty Army to 440,000-450,000 personnel, down from 520,000 currently.

Cold War-era Air Force fleets – the U-2 spy plane and the A-10 attack jet – will also be retired.

The US defence budget remains higher than during most of the Cold War.

‘Difficult decisions ahead’

On Monday, Mr Hagel noted the US military had come under pressure to downsize after two costly foreign wars. “This is a time for reality,” he said

Read more » BBC
http://www.bbc.co.uk/news/world-us-canada-26326969

Michigan wants 50,000 visas to bring immigrants to Detroit

By Joseph Lichterman

DETROIT, Jan 23 (Reuters) – Michigan Governor Rick Snyder on Thursday called for the U.S. government to set aside 50,000 special visas over the next five years to attract highly skilled immigrants to live and work in the bankrupt city of Detroit.

Read more » Reuters
http://mobile.reuters.com/article/idUSL2N0KX1VP20140124?irpc=932

CANADA – Ontario faces “chronic” youth unemployment

High levels of unemployment among province’s youth more than just by-product of economic cycle, report says

By: Peter Lozinski

Ontario is suffering from “chronic” youth unemployment, according to a new report released by the Canadian Centre for Policy Alternatives on Friday.

The rate of unemployment for Ontarians between the ages of 15-24 is hovering between 16 and 17 per cent, double that of the normal provincial rate and higher than the national youth unemployment rate of 13.5-14.5 per cent.

“Ontario is competing with the Maritime provinces for being the toughest place in Canada for youth to land a job,” the report says

Read more » http://o.canada.com/business/ontario-facing-chronic-youth-unemployment/

Pakistan Railway Decided to Provide Free Internet Facility For Passengers in Trains

Lahore: After Pakistan International Airlines (PIA), Pakistan Railway Department also decided to provide internet and modern facilities for passengers in train. According to Express News, Railway officials has decided to provide Internet access to passenger within trains, passengers will be provided free Internet access and wireless Internet access (Wi- Fi) systems.

Federal Minister Railway Khawaja Saad Rafique while talking to media said that Railways have reduced train fares. He said that “We are working had to get Railways back to its feet and will again restore passengers confidence” .

Note : The PIA also provide phone and SMS service for passengers over flying.

Courtesy: The Pak Media
http://www.thepakmedia.com/pakistan-railway-decided-provide-internet-facility-passengers-trains/2014/01/25/

Chomsky on Anarchy & Anarcho-Syndicalism

By Sean Nevins

WASHINGTON (VOR) — Recently, Radio VR took a trip to Cambridge, Massachusetts to sit down and speak with Professor Emeritus Noam Chomsky of M.I.T.

Dr. Chomsky is famous the world over for his work in linguistics but moreso his political philosophies and beliefs. He is a self-described anarchist, and more specifically, an anarcho-syndicalist.

Radio VR discussed a number of issues with Dr. Chomsky, including anarcho-syndicalism. Specifically, we inquired into what it is, how it arises, and how it can be applied by people that want to affect positive change in the world.

http://www.youtube.com/watch?v=SylqeewUB1Y

The transcript is below:

Sean Nevins: I kind of want to start off by asking you to briefly describe what is anarchism and more specifically anarcho-syndicalism?

Noam Chomsky: Well, I think the best characterization that I know is given by one of the leading thinkers and activists in the modern anarcho-syndicalist world, Rudolf Rocker, who described anarchism, in general, as not a specific set of beliefs that provides particular answers to all the questions that can arise, but rather what he called ‘a general tendency in the history of humanity’ which aims to inquire into the nature of social, economic, political structures to determine, to detect structures of hierarchy and domination and to challenge them to demonstrate their legitimacy. They are not self-justifying and if they cannot defend their legitimacy on some plausible grounds then to dismantle them and reconstruct then from below. And to do this in the context of the existing society, developing alternative institutions that are more free and more just in the hope of moving on to a world of free associations of workers’ communities controlling their own institutions, their own fate in association with one another of various kinds of federal arrangements and so on. That is the basic thrust of anarchism. Altogether it is my view and of anarcho-syndicalism in particular which is designed for complex industrial societies.

Sean Nevins: So, you are talking about workers controlling their own work and controlling the enterprises of that work and expanding out into the community?

Noam Chomsky: It’s one of crucial aspect of it. In fact, anarcho-syndicalism kind of shades off into left anti-Bolshevik Marxism. People like Anton Pannekoek, Paul Mattick, Karl Korsch and others have sympathetic relationships and ideas and the great anarchist achievement like the 1936 Spanish Revolution before it was crushed, did have the strong and sympathetic support of left Marxists who felt a community of interests and commitments.

Sean Nevins: Workers controlling their own work — How is this organized? And how does it arise?

Noam Chomsky: Well, it’s all over the place. First of all it is a constant development takes place all over. There were efforts in Eastern Europe, for example, in self-management in Yugoslavia. Right now in the United States, in the old decaying Rust Belt, where industries are collapsing, they’re being replaced, to a certain extent, by worker owned and partially worker-managed enterprises. There is one huge institution that’s Mondragon, a great conglomerate in Spain which is worker owned and the manager is selected by workers but not actually worker-managed which is a collection of heavy industries, banks, hospitals, community living and so on.

Sean Nevins: Do they arise, kind of, spontaneously and is there a system that regulates how the workers organize themselves, like maybe in the US, like they do it one way, and then over in Spain, [at] Mondragon, they’ll do it a different way. Is there any kind of vision?

Noam Chomsky: There is no leadership or Bible, things develop on the basis of the circumstances that exist. So the conditions in Rust Belt in Northern Ohio and in Catalonia and in Aragon in 1936 are quite different and the backgrounds are quite different. But there were similarities in the way the take-over by working people, peasants of their own lives proceeded.

Sean Nevins: Let’s say that Mondragon wants to have an association with somebody in the Rust Belt…

Noam Chomsky: That is what is happening in fact. I don’t know how far it’ll go, but one of the major US unions, the steel workers, has now entered into some kinds of interactions with Mondragon to try to work out ways to develop Mondragon-type system in the old industrial sections of the US and revive them on the basis of worker-ownership and community-ownership in control.

Courtesy: YouTube

I Wear the Badge of Socialist With Honor

The full text of the new Seattle city council member’s inauguration speech.

By Kshama Sawant

Editor’s note: At a ceremonial swearing-in on Monday, Kshama Sawant became Seattle’s first socialist city council member in almost a century. The full text of her inauguration speech is below.

My brothers and sisters,

Thank you for your presence here today.

This city has made glittering fortunes for the super wealthy and for the major corporations that dominate Seattle’s landscape. At the same time, the lives of working people, the unemployed and the poor grow more difficult by the day. The cost of housing skyrockets, and education and healthcare become inaccessible.

This is not unique to Seattle. Shamefully, in this, the richest country in human history, fifty million of our people—one in six—live in poverty. Around the world, billions do not have access to clean water and basic sanitation and children die every day from malnutrition.

This is the reality of international capitalism. This is the product of the gigantic casino of speculation created by the highway robbers on Wall Street. In this system the market is God, and everything is sacrificed on the altar of profit. Capitalism has failed the 99%.

Despite recent talk of economic growth, it has only been a recovery for the richest 1%, while the rest of us are falling ever farther behind.

Continue reading I Wear the Badge of Socialist With Honor

A Rare Elected Voice for Socialism Pledges to Be Heard in Seattle

SEATTLE — People are used to liberals running things around here. But nobody reckoned with Kshama Sawant. Ms. Sawant, a 41-year-old economics teacher and immigrant from India, took a left at liberal and then kept on going — all the way to socialism.

When she takes a seat on Seattle’s nine-member City Council on Jan. 1, representing the Socialist Alternative Party, she will become one of the few elected socialists in the nation, a political brand most politicians run from.

But Kshama Sawant (pronounced SHAH-mah sah-WANT) heartily embraces the label. Ask her about almost any problem facing America today, and her answer will probably include the “S” word as the best and most reasonable response. Socialism is the path to real democracy, she says. Socialism protects the environment. Socialism is the best hope for young people who have seen their options crushed by the tide of low-wage, futureless jobs in the post-recession economy.

“The take-home message for the left in general is that people are looking for alternatives,” she said in an interview, discussing her victory over a veteran Democrat by a margin of 3,100 votes of about 184,000 cast in a citywide contest. “If you ask me as a socialist what workers deserve, they deserve the value of what they produce.”

Read more » The New York Times
http://mobile.nytimes.com/2013/12/29/us/a-rare-elected-voice-for-socialism-pledges-to-be-heard-in-seattle.html?pagewanted=2&_r=1&rref=us&hpw=

Noam Chomsky: We’re no longer a functioning democracy, we’re really a plutocracy

By Travis Gettys

The world faces two potentially existential threats, according to the linguist and political philosopher Noam Chomsky.

“There are two major dark shadows that hover over everything, and they’re getting more and more serious,” Chomsky said. “The one is the continuing threat of nuclear war that has not ended. It’s very serious, and another is the crisis of ecological, environmental catastrophe, which is getting more and more serious.”

Chomsky appeared Friday on the last episode of NPR’s “Smiley and West” program to discuss his education, his views on current affairs and how he manages to spread his message without much help from the mainstream media.

He told the hosts that the world was racing toward an environmental disaster with potentially lethal consequence, which the world’s most developed nations were doing nothing to prevent – and in fact were speeding up the process.

“If there ever is future historians, they’re going to look back at this period of history with some astonishment,” Chomsky said. “The danger, the threat, is evident to anyone who has eyes open and pays attention at all to the scientific literature, and there are attempts to retard it, there are also at the other end attempts to accelerate the disaster, and if you look who’s involved it’s pretty shocking.”

Chomsky noted efforts to halt environmental damage by indigenous people in countries all over the world – from Canada’s First Nations to tribal people in Latin America and India to aboriginal people in Australia—but the nation’s richest, most advanced and most powerful countries, such as the United States, were doing nothing to forestall disaster.

“When people here talk enthusiastically about a hundred years of energy independence, what they’re saying is, ‘Let’s try to get every drop of fossil fuel out of the ground so as to accelerate the disaster that we’re racing towards,’” Chomsky said. “These are problems that overlie all of the domestic problems of oppression, of poverty, of attacks on the education system (and) massive inequality, huge unemployment.”

He blamed the “financialization” of the U.S. economy for income inequality and unemployment, saying that banks that were “too big to fail” skimmed enormous wealth from the market.

“In fact, there was a recent (International Monetary Fund) study that estimated that virtually all the profits of the big banks can be traced back to this government insurance policy, and in general they’re quite harmful, I think, quite harmful to the economy,” Chomsky said.

Those harmful effects can be easily observed by looking at unemployment numbers and stock market gains, he said.

“There are tens of millions of people unemployed, looking for work, wanting to work (and) there are huge resources available,” Chomsky said. “Corporate profits are going through the roof, there’s endless amounts of work to be done – just drive through a city and see all sorts of things that have to be done – infrastructure is collapsing, the schools have to be revived. We have a situation in which huge numbers of people want to work, there are plenty, huge resources available, an enormous amount to be done, and the system is so rotten they can’t put them together.”

The reason for this is simple, Chomsky said.

“There is plenty of profit being made by those who pretty much dominate and control the system,” he said. “We’ve moved from the days where there was some kind of functioning democracy. It’s by now really a plutocracy.”

Chomsky strongly disagreed with Smiley and West that he had been marginalized for his views, saying that he regretfully turned down dozens of invitations to speak on a daily basis because he was otherwise engaged.

He also disagreed that a platform in the mainstream media was necessary to influence the debate.

“If you take a look at the progressive changes that have taken place in the country, say, just in the last 50 years – the civil rights movement, the antiwar movement, opposition to aggression, the women’s movement, the environmental movement and so on – they’re not led by any debate in the media,” Chomsky said. “No, they were led by popular organizations, by activists on the ground.”

He recalled the earliest days of the antiwar movement, in the early 1960s, when he spoke in living rooms and church basements to just a handful of other activists and they were harassed – even in liberal Boston – by the authorities and media.

But that movement eventually grew and helped hasten the end of the Vietnam War, and Chomsky said it’s grown and become so mainstream that antiwar activists can limit wars before they even begin.

He said President Ronald Reagan was unable to launch a full-scale war in Central America during the 1980s because of the antiwar movement, and he bitterly disputed the idea that antiwar activists had no impact on the Iraq War.

“I don’t agree; it had a big effect,” Chomsky said. “It sharply limited the means that were available to the government to try to carry out the invasion and subdue the population. In fact, it’s one reason why the U.S. ended up really defeated in Iraq, seriously had to give up all of its war aims. The major victor in Iraq turns out to be Iran.”

Despite these limitations, he said the Iraq War had been one of the new millennium’s worst atrocities and had provoked a violent schism between Sunni and Shiite Muslims that had sparked regional conflicts throughout the Middle East.

“The United States is now involved in a global terror campaign largely against the tribal people of the world, mostly Muslim tribes, and it’s all over. The intention is to go on and on,” Chomsky said. “These are all terrible consequences, but nevertheless they’re not as bad as they would be if there weren’t public opposition.”

Courtesy: The Raw Story
http://www.rawstory.com/rs/2013/12/27/noam-chomsky-were-no-longer-a-functioning-democracy-were-really-a-plutocracy/

Switzerland: a guaranteed monthly income?

Will the Swiss vote in a guaranteed annual income?

by Tyler Cowen

Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.

A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from the state, with the aim of providing a financial safety net for the population.

Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-rappen coins outside the parliament building in Berne, one for each person living in Switzerland.

Read more » Marginal Revolution
http://marginalrevolution.com/marginalrevolution/2013/10/will-the-swiss-vote-in-a-guaranteed-annual-income.html

Switzerland: 2,500 franc basic monthly income for every one

Swiss to vote on 2,500 franc basic income for every adult

(Reuters) – Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis.

A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from the state, with the aim of providing a financial safety net for the population.

Organizers submitted more than the 100,000 signatures needed to call a referendum on Friday and tipped a truckload of 8 million five-rappen coins outside the parliament building in Berne, one for each person living in Switzerland.

Read more » Reuters
http://www.reuters.com/article/2013/10/04/us-swiss-pay-idUSBRE9930O620131004

Italy hit by wave of Pitchfork protests as austerity unites disparate groups

Demonstrations point to frustration with traditional politics, with minister warning parliament of a country in ‘spiral of rebellion’

by in Rome, theguardian.com

They blocked roads and stopped trains,occupied piazzas, clashed with police and closed shops. From Turin and Milan in the north to Puglia and Sicily in the south, Italy was hit this week by a wave of protests that brought together disparate groups and traditional foes in an angry show of opposition to austerity policies and the government.

They [politicians] have brought us to hunger; have destroyed the identity of a country; have annihilated the future of entire generations,” read one poster from the “December 9 Committee”, an umbrella organisation urging Italians to rise up against the euro, Brussels, globalisation and, primarily, Enrico Letta’s government. “To rebel is a duty.”

In a loosely formed movement which has gone largely by the name of I Forconi (the Pitchforks), lorry drivers, farmers, small business owners, students and unemployed people staged protests venting their fury at a political class which they blame for Italy’s longest post-war recession and want to “send home”.

But they were not alone. Alongside them were anti-globalisation groups, members of the Veneto Independence movement, elements of the far right and – for good measure – football “ultras”. Among the sights “rarely seen before”, reported the Turin-based daily La Stampa, were supporters of arch-rivals Juventus and Torino standing “side by side”.

Although the protests had been publicised, especially on the internet, their scale and occasionally violent nature – particularly in Turin, a historic city of protest – appeared to take many by surprise.

In a country struggling to exit a two-year long recession, in which unemployment is at a record high of 12.5% and one in 10 children is thought to be living in absolute poverty, the causes of the unrest are hardly unfathomable.

Read more » The Guardian
http://www.theguardian.com/world/2013/dec/13/italy-pitchfork-protests-austerity-unites-groups

Russia to cancel Cuba’s $29 billion of Soviet debt

Russia is going to write off 90 percent of Cuba’s $32 billion Soviet-era debt as part of a deal to end a 20-year dispute, according to diplomatic sources cited by Reuters.

Prime Minister Dmitry Medvedev agreed to write off the island’s debt during a visit to Havana in February 2013, stressing details would be finalized by the end of the year.

In October, the two sides signed a refinancing agreement that requires Cuba to settle Moscow $3.2 billion over ten years, and Russia would forgive the remaining $29 billion, which is $20 billion in debt plus service and interest, according to Reuters. Between $5-6 billion of Cuba’s remaining foreign debt is non-Soviet.

Read more » rt.com
http://rt.com/business/russia-cuba-debt-ussr-980/

David Simon: ‘There are now two Americas. My country is a horror show’

The creator of The Wire, David Simon, delivered an impromptu speech about the divide between rich and poor in America at the Festival of Dangerous Ideas in Sydney, and how capitalism has lost sight of its social compact. This is an edited extract

The last job of capitalism – having won all the battles against labour, having acquired the ultimate authority, almost the ultimate moral authority over what’s a good idea or what’s not, or what’s valued and what’s not – the last journey for capital in my country has been to buy the electoral process, the one venue for reform that remained to Americans. Right now capital has effectively purchased the government
By

America is a country that is now utterly divided when it comes to its society, its economy, its politics. There are definitely two Americas. I live in one, on one block in Baltimore that is part of the viable America, the America that is connected to its own economy, where there is a plausible future for the people born into it. About 20 blocks away is another America entirely. It’s astonishing how little we have to do with each other, and yet we are living in such proximity.

There’s no barbed wire around West Baltimore or around East Baltimore, around Pimlico, the areas in my city that have been utterly divorced from the American experience that I know. But there might as well be. We’ve somehow managed to march on to two separate futures and I think you’re seeing this more and more in the west. I don’t think it’s unique to America.

I think we’ve perfected a lot of the tragedy and we’re getting there faster than a lot of other places that may be a little more reasoned, but my dangerous idea kind of involves this fellow who got left by the wayside in the 20th century and seemed to be almost the butt end of the joke of the 20th century; a fellow named Karl Marx.

I’m not a Marxist in the sense that I don’t think Marxism has a very specific clinical answer to what ails us economically. I think Marx was a much better diagnostician than he was a clinician. He was good at figuring out what was wrong or what could be wrong with capitalism if it wasn’t attended to and much less credible when it comes to how you might solve that.

You know if you’ve read Capital or if you’ve got the Cliff Notes, you know that his imaginings of how classical Marxism – of how his logic would work when applied – kind of devolve into such nonsense as the withering away of the state and platitudes like that. But he was really sharp about what goes wrong when capital wins unequivocally, when it gets everything it asks for.

That may be the ultimate tragedy of capitalism in our time, that it has achieved its dominance without regard to a social compact, without being connected to any other metric for human progress.

We understand profit. In my country we measure things by profit. We listen to the Wall Street analysts. They tell us what we’re supposed to do every quarter. The quarterly report is God. Turn to face God. Turn to face Mecca, you know. Did you make your number? Did you not make your number? Do you want your bonus? Do you not want your bonus?

And that notion that capital is the metric, that profit is the metric by which we’re going to measure the health of our society is one of the fundamental mistakes of the last 30 years. I would date it in my country to about 1980 exactly, and it has triumphed.

Read more » The Guardian
http://www.theguardian.com/world/2013/dec/08/david-simon-capitalism-marx-two-americas-wire

Hard Work Is Not Working!

Poverty Report Reveals Most Poor People Have Jobs

By : The Huffington Post UK/PA

A shocking report has revealed that most people classed as living in poverty have jobs. For the first time, there are more working families living in poverty in the UK than non-working ones.

The news comes from a study by the Joseph Rowntree Foundation, which said average incomes have plummeted below the poverty line for millions of households.

Julia Unwin, the foundation’s chief executive, said: “Hard work is not working.” Some 6.7 million working families live below the poverty line – an increase of 500,000 on last year – compared with a combined 6.3 million of retired families and the out-of-work.

Households have been hit by a sustained and “unprecedented” fall in living standards, a report for the organisation found. Average incomes have fallen by 8% since their peak in 2008. As a result, around 2 million people have an income that while above today’s poverty line, would have been below the poverty line in 2008.

Of those in work, the number paid below the living wage rose from 4.6 million to five million in 2012. Half of working families in poverty have an adult paid below the living wage.

Unwin said the research showed that millions of people were moving in and out of work, but rarely out of poverty itself.

She said: “Hard work is not working. We have a labour market that lacks pay and protection, with jobs offering precious little security and paltry wages that are insufficient to make ends meet.”

The JRF did find a number of positive changes, including an improvement in the labour market with falling unemployment and underemployment and, over the longer term, improvements in health and education outcomes.

Unemployment of young adults has peaked at 21%, and total unemployment has begun to fall. But it found that job insecurity is increasingly common ….

Read more » Huffington Post
http://www.huffingtonpost.co.uk/2013/12/08/poverty-report_n_4407666.html?1386509109&utm_hp_ref=uk

United States and Canada should unite ASAP – Diane Francis

Merger of the Century by Diane Francis: Review

The argument for Canada and the U.S. to unite

Diane Francis’s Merger of the Century, HarperCollins, 403 pages, $32.99.

By: Don Tapscott

If the creation of the European Union is evidence, trade agreements, common markets and economic unions can lead to political unions. So it’s not so preposterous that 20 years after the signing of the North American Free Trade Agreement, someone has finally crafted a serious proposal for the political integration of Canada and the United States.

Best-selling author, writer and pundit (and dual citizen of both countries) Diane Francis argues that the United States and Canada should unite ASAP. She sets out the economic benefits of joining forces, how the deal could be fairly structured, and the political hurdles to overcome.

Continue reading United States and Canada should unite ASAP – Diane Francis

The bazaar bourgeoisie

By Aasim Sajjad Akhtar

MANY real and mythical actors animate narratives of modern Pakistani life, and particularly its politics: army officers, landlords, businessmen, mullahs, the ‘foreign hand’, and, of course, the proverbial awam.

The vast majority of these narratives place the rich and powerful at one end of the spectrum and the hapless awam at the other, with the occasional heroic general, judge or politician playing the role of game-changer.

Needless to say, the plot in real life is rarely this straightforward. A truly representative analysis of actually existing Pakistan requires us to move beyond the usual suspects and consider less invoked social forces that play major roles in shaping the social and political landscape.

Many scholars of Pakistan and other Muslim-majority societies have argued that small and medium-sized traders and merchants, or what some call the bazaar bourgeoisie, have greatly influenced the economic and political trajectory of these societies in the modern era.

For some the genesis of this class can be traced to the mediaeval period, while for others its modern manifestation is a phenomenon unto itself. Either way, the experts argue, there can be no gainsaying the importance of the bazaar.

Continue reading The bazaar bourgeoisie

Bulgaria Day 160 of ДАНСwithme Anti-Government Protest and OccupySU Students Joined by Bulgaria’s largest trade union CITUB.

An estimated 4,000 Bulgarian workers protested on Wednesday against low wages and a lack of jobs, a sign that opposition to the Socialist-led cabinet may be spreading beyond its student base. Wednesday is the 160th consecutive day of protests, which were triggered by a controversial cabinet nomination in June.

Wednesday’s protesters, led by Bulgaria’s largest trade union CITUB, marched through the capital Sofia to demand a 10 percent increase in public sector salaries and reforms in the inefficient and corruption-prone healthcare and energy sectors.

We want to see the economy turned to the problems of the workers. We want decent pay and jobs. If the government do not take note now, our next move will be to go to strike,” said CITUB leader Plamen Dimitrov.

The centre-left government has faced almost daily protests since taking office in May. Corruption was the main cause of disgruntlement at the outset of the demonstrations, which had until now been led by students and relatively well-to-do urban professionals who account for a small proportion of Bulgaria’s population. Their daily protests in front of parliament have focused less on bread-and-butter issues and more on what they say is the poor governance that still blights Bulgaria more than two decades after the fall of communism and six years after it joined the European Union.
Read more » Revolution News
http://revolution-news.com/bulgaria-day-160-anti-government-protest-and-occupysu-students-joined-by-bulgarias-largest-trade-union-citub/

Switzerland limits CEOs one month pay

A Proposal To Limit Swiss Executive Pay To 12 Times That Of Low-Paid Employees Has Fat Cats Worried

By Adam Taylor

On Nov. 24, Swiss voters will go to the polls to vote on a radical new idea — limiting the monthly pay of the highest earners in Swiss firms to no greater than the yearly pay of the lowest earners. It’s being called the 1:12 Initiative — and it sure has some people worried.

To understand the context of the vote, you need to know two things about Switzerland. First, the country has a relatively unique system of direct democracy — if 100,000 people sign a proposed change to the constitution, or “popular initiatives,” a referendum is held. If a majority of voters and cantons (Swiss states) agree with the proposal, the change can become law.

The second factor is how these Swiss initiatives have been used recently. Earlier this year Swiss voters agreed to an idea proposed by entrepreneur Thomas Minder that limited executive (in his words, “fat cat”) salaries of companies listed on the Swiss stock market. On the other end of the spectrum, a proposal to give every Swiss adult an unconditional income of $2,800 a month recently gained enough signatures to be voted on.

The 1:12 Initiative lies somewhere between these two extremes in terms of its radical ambition, but its core idea comes from the same place — an angst in Switzerland, a country most famous for centuries of private banking, that executive pay and income inequality are out of control.

To understand the thought process, Business Insider called David Roth, the leader of the youth wing of Swiss party the Social Democrats, and one of the architects of the plan. Roth explained that high executive salaries only became a big issue in 2002 or so, and by 2006/7 they became a public issue. The preparation for the 1:12 Initiative began in 2009.

Continue reading Switzerland limits CEOs one month pay

Seattle City Councilmember-elect Kshama Sawant told Boeing machinists; “The workers should take over the factories, and shut down Boeing’s profit-making machine”

Seattle City Councilmember-elect shares radical idea with Boeing workers

By Gary Horcher

SEATTLE — Seattle City Councilmember-elect Kshama Sawant told Boeing machinists her idea of a radical option, should their jobs be moved out of state

“The workers should take over the factories, and shut down Boeing’s profit-making machine,” Sawant announced to a cheering crowd of union supporters in Seattle’s Westlake Park Monday night.

This week, Sawant became Seattle’s first elected Socialist council member. She ran on a platform of anti-capitalism, workers’ rights, and a $15 per-hour minimum wage for Seattle workers.

On Monday night, she spoke to supporters of Boeing Machinists, six days after they rejected a contract guaranteeing jobs in Everett building the new 777X airliner for eight years, in exchange for new workers giving up their guaranteed company pensions.

Now Boeing is threatening to take those jobs to other states. “That will be nothing short of economic terrorism because it’s going to devastate the state’s economy,” she said.

Sawant is calling for machinists to literally take-possession of the Everett airplane-building factory, if Boeing moves out. She calls that “democratic ownership.”

“The only response we can have if Boeing executives do not agree to keep the plant here is for the machinists to say the machines are here, the workers are here, we will do the job, we don’t need the executives. The executives don’t do the work, the machinists do,” she said.

Sawant says after workers “take-over” the Everett Boeing plant; they could build things everyone can use.

“We can re-tool the machines to produce mass transit like buses, instead of destructive, you know, war machines,” she told KIRO 7.

Sawant says she was referring to “drones” when speaking of war machines. Still, she says even as they work on the lines, building airplanes daily, she believes Boeing workers are under siege.

“Workers have to realize, they have more power than they think,” she said.

Courtesy: Kirotv.com
http://www.kirotv.com/news/news/seattle-city-councilmember-elect-shares-radical-id/nbxbC/

Who would have thought this is possible in the USA? Socialist wins seat on Seattle city council

Socialist wins seat on Seattle city council

Kshama Sawant, an Occupy Seattle member, hopes to raise minimum wage to $15 and levy a ‘millionaire’s tax’

Seattle voters have elected a socialist to city council for the first time in modern history. Kshama Sawant, a member of the populist Occupy Seattle movement, ran on a platform of raising Washington State’s minimum wage to $15 and levying a “millionaire tax” to pay for mass transit and public education.

Read more > aljazeera
http://america.aljazeera.com/articles/2013/11/16/socialist-wins-seatonseattlecitycouncilfirstinnearly100years.html