Austerity

How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders

Italy’s non-performing loans (NPLs) then stood at €210bn, at a time when the ECB was buying €120bn per year of outstanding Italian government bonds as part of its QE program. The July 2016 Financial Times quoted Goldman’s Francesco Garzarelli, who said, “by the time QE is over – not sooner than end 2017, on our baseline scenario – around a fifth of Italy’s public debt will be sitting on the Bank of Italy’s balance sheet.”

The Rising of Britain’s ‘New Politics’

Jeremy Corbyn is widely and properly recognised for his integrity; he opposes the renewal of Trident nuclear weapons; the Labour Party supports it. But he has given shadow cabinet positions to pro-war MPs who support Blairism, tried to get rid of him and abused him as “unelectable”.

“We are the political mainstream now,” says Corbyn. Yes, but at what price?

A Sinister War on Our Right to Hold Cash

An operation that began as a seemingly obscure academic discussion three years ago is now becoming a full-blown propaganda campaign by some of the most powerful institutions in the industrialized world. This is what rightly should be termed the War on Cash. Like the War on Terror, the War on Cancer or the War on Drugs, its true agenda is sinister and opaque. If we are foolish enough to swallow the propaganda for complete elimination of cash in favor of pure digital bank money, we can pretty much kiss our remaining autonomy and privacy goodbye.

You Won’t Believe What The Government Is About To Privatise Next

In the eyes of profiteers, there’s money to be made from debt, especially from the poor. Privatisation of the court bailiff system is like privatising parking enforcement – and look where that led – scandal after scandal. The civilianisation of law enforcement has always proved to be much worse than when managed by government with civilian scrutiny. This, like so many other privatisation projects this will end in failure with the over-stretched citizenry shouldering the burden of government incompetence and the poor exploited even further.

Does Corbyn have a Messiah Complex?

Corbyn only got chosen as it was his turn. The left in the Labour Party were a rump consisting of about dozen or so MPs, and everyone else had had a go. He never wanted to be PM.  He never chased office. He has the lowest expenses returns of any MP. He’s been consistent in his views throughout his life, voting according to his principles.

Boris Johnson and the Grenfell Tower inferno

Last year, a report by Lancaster University statistician Dr. Benjamin Taylor found that Johnson’s cuts had led to deaths. Analysing response-time data to 24,000 house fire call-outs between 2012 and 2015, Taylor found that the average time in some areas before the fire stations were shut was “well under five minutes,” whereas some stations afterwards were taking up to 10 minutes to respond.

“How The Fuck Is That Even Possible?”

Sent to ‘Save The UK Fire Service’ group, a powerful and emotional story from a firefighter who attended Grenfell Tower. “Some things I will miss out as they don’t need to be said, some I can’t say, other things I will simplify so hopefully everyone can understand them, I’m not looking for praise, I just want to let you know we did all we could.”

The Breaking Of The Corporate Media Monopoly

Last week, Jeremy Corbyn humbled the entire political and corporate media commentariat. With a little help from Britain’s student population. And with a little help from thousands of media activists. Without doubt this was one of the most astonishing results in UK political history. Dismissed by all corporate political pundits, including the clutch of withered fig leaves at the Guardian, […]

The Facts Proving Corbyn’s Election Triumph

With Corbyn, the election campaign proved that there is a huge appetite for his honesty, his passion, his commitment to social justice – at least when audiences got a chance to hear from him directly, rather than having his policies and personality mediated and distorted by a biased and self-serving corporate media.

Tories Leap Into the Unpopularity Abyss

The DUP are corrupt, homophobic, racist and above all religious bigots of the worst kind. The nastiest people in politics. The utterly discredited Theresa May refuses to resign and intends to continue to rule over us with the support of this ugly faction. Popular support for the Tory government is going to plunge to unprecedented levels.