There are no breaking news at the moment
The World Bank has added its voice to those warning of a worsening outlook for the global economy this year, amid signs that some major economies could experience a recession. In its Global Economic Prospects report issued last week, entitled “Darkening Skies,” it stated that “storm clouds are brewing for the global economy” and contrasted the situation with that of a year[Read More…]
The growth rate of the Chinese economy has fallen to its lowest level since the beginning of 2009 in the immediate aftermath of the global financial crisis. Official figures released at the end of last week put the annual growth rate for the third quarter at 6.5 per cent. This was below market expectations of 6.6 percent and down from[Read More…]
The Trump administration has stepped up its trade war against China with the announcement that US Trade Representative, Robert Lighthizer, will begin an investigation with a view to putting a 10 percent tariff of $200 billion worth of Chinese goods by the end of August. The latest decision comes on top of the imposition of a 25 percent tariff on[Read More…]
The Trump administration has gone ahead with its threat to impose tariffs on China under section 301 of the 1974 US Trade Act, imposing levies on $34 billion worth of Chinese goods from midnight, with a further $16 billion to be targeted in the near future. The action is the first shot in a direct trade war against China, with[Read More…]
Former trade union boss Cyril Ramaphosa has been sworn in as president of South Africa following an intense battle within the ruling African National Congress (ANC) which led to the ousting of Jacob Zuma who had held the presidency since 2009. The move against Zuma was set in motion last December when Ramaphosa won a closely fought struggle within the[Read More…]
According to the official scenario, the world economy is enjoying its best period of growth since the global financial crisis of 2008-2009, which ushered in the worst recession since the Great Depression of the 1930s. According to a report issued by the Organisation for Economic Cooperation and Development last month: “The global economy is now growing at its fastest pace[Read More…]
A warning by the governor of the People’s Bank of China, Zhou Xiaochuan, that the country’s financial system faces a possible “Minsky moment” has again raised concerns over the level of the country’s debt. Zhou, who is expected to retire soon from his position as head of the central bank, made his remarks at a sideline meeting during the Chinese[Read More…]
Eight years after the eruption of the global financial crisis, the conditions are being created for another meltdown of even bigger proportions, amid rising geo-political and economic tensions between the major capitalist powers. This is the implication of three reports issued by the International Monetary Fund in preparation for its annual meeting, which begins in Washington today. The World Economic[Read More…]
Martin Luther King Day and the Unspeakable 
James W. Douglass Talks about Gandhi and the Unspeakable: His Final Experiment with Truth 
State of the Climate: How the World Warmed in 2018 
Pinarayi Vijayan’s Social Reform Has Defeated the Sabarimala Protests 
The Outrageous Sentence of the Murderer of Laquan McDonald: One More Reason to Overthrow a System That Murders Its Youth 
Can Mr. Donald Trump Stop Migrants by making a Border Wall? 
Spy Theories and the White House: Donald Trump as Russian Agent 
Protect The Constitution: Socialist Party (India) 
Against Forgetting: Ground Zero Nagasaki 
Connecting to Nature is a Matter of Environmental Justice 
Yellow Vests, Class Struggle and Spontaneous Revolution 
Brexit Brings May Woes 
America Has Its Gunsights on Venezuela 
Is US Hubris Taking The World To The Edge? 
APCO to Kotler – The Artificial Glossing of Modi’s Image 
‘Broken extended ‘ families and their significance 
Aasifa: A Question to the Humanity 
Jinnah in J&K High Court in 1936: A great lawyer he was is a historically admitted fact 
Theresa May’s Conservative government survives no-confidence vote 
A Dream Deferred: MLK’s Dream of Economic Justice is Far From Reality 
Binu Mathew is the heroic and dedicated editor of the Internet journal “Countercurrents”. He lives in the Kerala Provence of India, which has recently been hit by enormous floods, despite which he continues to publish his vitally important journal every day. An interview with Editor Binu Mathew, in which he describes his early life, his education, and how he became[Read More…]
Comments