Daily Archives: April 17, 2023

2023-04-17: News Headlines

Brett Wilkins (2023-04-17). Oxfam shows US billionaires almost a third richer today than when covid hit. nationofchange.org "At a time when the ultrawealthy are amassing historic and dangerous levels of wealth, a federal wealth tax offers a vital and necessary tool for directly redressing extreme wealth inequality."

Michael Hudson (2023-04-17). Why the US Bank Crisis is Not Over. indybay.org There must always be a financial crash at some point. That is because interest-bearing debt grows exponentially, but the economy follows an S-curve and then turns down. And when the economy turns down… the magnitude of financial claims on the economy exceeds the ability to pay.

ecns.cn (2023-04-16). Properly addressing debt issue matters to global economic recovery: FM spokesperson. ecns.cn Properly addressing debt issue matters to global economic recovery and financial stability, Chinese Foreign Minister spokesperson Wang Wenbin said at a news briefing on Friday.

Editor (2023-04-16). Student Debt Forgiveness Is a Win-Win For Our Country. scheerpost.com

Nihal Al Aasar, Portside. (2023-04-16). The Impossibility Of Actual Politics. popularresistance.org Twelve years have passed since the Arab Spring, and both Egypt and Tunisia are facing a stark economic crisis. Both are currently under the mercy of extremely unfavorable structural adjustment programs imposed by the International Monetary Fund, relying heavily on food imports, mired in debt, and facing historical inflation rates with unprecedented hikes in food prices. This dire economic situation is made all the worse by a relentless escalation of authoritarian measures in both countries. The prevailing atmosphere indicates that the counterrevolution has prevailed and that avenues of emancipatory possibility ha…

Mark Gruenberg (2023-04-17). Saunders: AFSCME working its way back from COVID's impact. peoplesworld.org WASHINGTON—The State, County and Municipal Employees union is working its way back from the huge cuts in local and state jobs the coronavirus (Covid-19) pandemic imposed, union President Lee Saunders says. And, he adds, the governors, mayors and county officials he regularly talks with and works with desperately seek workers to fill thousands of vacancies. …

Brett Wilkins (2023-04-17). Oxfam shows US billionaires almost a third richer today than when covid hit. nationofchange.org "At a time when the ultrawealthy are amassing historic and dangerous levels of wealth, a federal wealth tax offers a vital and necessary tool for directly redressing extreme wealth inequality."

Michael Hudson (2023-04-17). Why the US Bank Crisis is Not Over. indybay.org There must always be a financial crash at some point. That is because interest-bearing debt grows exponentially, but the economy follows an S-curve and then turns down. And when the economy turns down… the magnitude of financial claims on the economy exceeds the ability to pay.

ecns.cn (2023-04-16). Properly addressing debt issue matters to global economic recovery: FM spokesperson. ecns.cn Properly addressing debt issue matters to global economic recovery and financial stability, Chinese Foreign Minister spokesperson Wang Wenbin said at a news briefing on Friday.

Editor (2023-04-16). Student Debt Forgiveness Is a Win-Win For Our Country. scheerpost.com

Nihal Al Aasar, Portside. (2023-04-16). The Impossibility Of Actual Politics. popularresistance.org Twelve years have passed since the Arab Spring, and both Egypt and Tunisia are facing a stark economic crisis. Both are currently under the mercy of extremely unfavorable structural adjustment programs imposed by the International Monetary Fund, relying heavily on food imports, mired in debt, and facing historical inflation rates with unprecedented hikes in food prices. This dire economic situation is made all the worse by a relentless escalation of authoritarian measures in both countries. The prevailing atmosphere indicates that the counterrevolution has prevailed and that avenues of emancipatory possibility ha…

Mark Gruenberg (2023-04-17). Saunders: AFSCME working its way back from COVID's impact. peoplesworld.org WASHINGTON—The State, County and Municipal Employees union is working its way back from the huge cuts in local and state jobs the coronavirus (Covid-19) pandemic imposed, union President Lee Saunders says. And, he adds, the governors, mayors and county officials he regularly talks with and works with desperately seek workers to fill thousands of vacancies. …

ecns.cn (2023-04-17). Court ruling shines light on 'WeChat overtime'. ecns.cn A recent lawsuit related to working overtime through the use of WeChat has aroused heated discussion, prompting legal professionals to call on people to increase their awareness and learn to protect their interests in this fast-changing era.

infobrics (2023-04-17). Russia's investigations about US biolabs concluded. infobrics.org According to Russia's parliamentary investigative committee, Washington would be working to create an "universal' genetically engineered bioweapon".

newsnetwork.mayoclinic (2023-04-17). A new heart and a renewed zest for life. newsnetwork.mayoclinic.org Whether it was working around the home or out hiking the trails, Steven Fietek says he has always been active. But when Steven turned 52, he started to notice shortness of breath. "Slowly but surely, I got to the point where the fatigue and the shortness of breath was troublesome." Steven says he was diagnosed with dilated cardiomyopathy. "Which I keep telling people, it's a big, big word for weak heart muscle." A few years…

WSWS (2023-04-17). How the Sri Lankan working class must fight IMF austerity and defend democratic rights. wsws.org Sri Lankan unions have refused to call any industrial action to fight IMF austerity and President Wickremsinghe's repressive Anti-Terrorism Bill.

WSWS (2023-04-16). AFT and U-M partner to increase profits at Michigan Medicine and suppress workers' opposition. wsws.org Behind the university's endorsement of the formation of an AFT-affiliated union of diagnostic technicians at Michigan Medicine stands the collaboration of the official labor organizations with the corporate and financial interests that are profiting from increasingly intolerable conditions for health care workers and working class patients.

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