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We are being made monkeys of by the hedge funds and private equity firms which have scooped up most of our largest newspapers and turned these formidable weapons of mass propaganda on us. The vulture capitalists are laughing all the way to the bank while we shower them with bailout money and blame Big Tech for not sitting still to be similarly fleeced.
The cost of borrowing to invest or consume is reaching record levels. One benchmark for this is the real interest rate on government bonds globally. Governments are seen as the most safe borrowers, unlikely to default compared to companies or individuals. So creditors (or investors in bonds) are prepared to ask less interest return on government borrowing than they ask companies and households. Yet, even after taking into account inflation, government ten-year bond yields now have a global average of over 6%, something not seen since the late 1960s.
One of the major problems faced by Global South countries is that they are saddled with immense debts in dollars, and Western corporations claim ownership over their resources.
When Canada’s parliament unwittingly paid homage to a Nazi veteran, it opened the door to questions about its postwar past. The incident highlights broader issues of historical distortion and the country’s history of harboring Nazi war criminals.
How a 1986 commission came to be accused of whitewashing Nazi war crimes.
Big Three executives are claiming that UAW demands, including a just green transition, are too expensive. This is an obvious misdirection: the real sap on company finances is the billions of dollars in stock buybacks and executive compensation.
A Clinton-era telecommunications law granted social media companies immunity from the libel laws that newspapers and TV stations have to follow. Now we’re living with the consequences: billionaires controlling what does and doesn't count as a lie.
Fed up with the deterioration of public services under the Coalition Avenir Québec (CAQ) government, thousands took to the streets of Montréal on September 23 to demand fair pay, improved benefits, and better working conditions while unions negotiated new collective agreements with the province. Journalist Lital Khaikin provides our latest labour update.
Arthur Borriello and Anton Jäger | The internet has simply exacerbated the pre-existing trends of the neoliberal period. But at the same time, the internet is not solely a means of communication. It is a social form—a type of association or community, or a machine to generate 'imagined communities.'
Canada is claiming that India’s far-right government was involved in the murder of one of its citizens. The extraordinary allegation has set off a diplomatic firestorm.
“Lean In” feminism doesn’t seem to have the purchase it did a few years ago. Maybe that’s because it is so obviously irrelevant to the lives of the vast majority of women, who need a union and decent pay, not a female boss.
An infographic detailing the improvements in the Venezuelan economy in recent years amidst deadly US sanctions.
The Social Equality and Happiness Mission will adapt the Chinese experience to the Venezuela's reality to alleviate poverty and inequality.
The IMF, World Bank and the OECD have all lowered their growth forecasts for this year and next – hardly an endorsement of a ‘soft landing’ globally. Global debt levels are now at a record high, while interest rates on that debt soar.
Poland’s education minister says he has "taken steps" to effect the extradition of Yaroslav Hunka, a 98-year-old Ukrainian Canadian, to Poland after it emerged that the veteran served in the Nazi SS Galizien formation during the Second World War.
On September 22, Parliamentarians gave a standing ovation to Yaroslav Hunka, a former member of the the 14th Waffen Grenadier Division of the SS, the military wing of the Nazi Party, during Ukrainian President Volodymyr Zelensky’s visit to Ottawa. Before the end of the war, the unit was renamed the “First Ukrainian Division” in order to remove its association with the Waffen-SS.
As Chile’s people, led by the Popular Unity government, took control over their economic and political lives, they sent a flare into the sky announcing the great possibilities of socialism. Their advances mirrored those that had been attained in several other projects, such as in Cuba, and boosted the confidence of people across the Third World to test their own possibilities. Had the Popular Unity project not been cut short, it very well might have encouraged other left projects to demand the satisfaction of just desires in a world where it was possible to attain them. The just desires of the people might have eclipsed the narrow greed of capitalism.
The artworks featured in this dossier are among the survivors of the 1973 coup against Chile. Before the coup, they were part of the collection of Museo de la Solidaridad (‘Museum of Solidarity’), a project created by the Popular Unity government to encourage the donation of artworks from across the Americas and Europe. The vision of this project, which was in full force from 1971 until the coup in 1973, was to create a museum of international art for the Chilean people. Following the coup, however, many of those works were destroyed.
Israel’s far-right government has made its oppression of the Palestinians more blatant than ever. German politicians still won’t budge in their uncritical support for Israel, but public opinion in Germany is shifting in the opposite direction.
Canadian news media could ironically owe millions to Google and Meta instead of the other way around under the Online News Act regulations proposed by Ottawa late last week. Tech news website The Logic cited an unnamed government official as confirming that the platforms could get credit for the traffic they send to news media websites in any deals made with them.