2022-09-01: News Headlines

Staff (2022-08-31). 'Simply Immoral': Leaked Doc Shows UK Energy Giants to Make £170 Billion in Excess Profits. commondreams.org "Record profits and record poverty are not a coincidence," said 3 .org Europe. "They are part of the same broken energy system."

Dana Sanchez (2022-08-31). Jerome Powell: Fed Must Keep Raising Interest Rates, U.S. Economy Should Brace For Pain. moguldom.com U.S. Stock prices have fallen for three straight days since Federal Reserve Chairman Jerome Powell said the central bank must keep raising interest rates for a while to control the fastest rise in inflation in 40 years, even if doing so dampens growth and causes unemployment. Failure to curb inflation now raises the risk of …

TeleSUR (2022-08-31). Australian Scientists to Harvest Resources From Wastewater. telesurenglish.net A team of Australian scientists has been awarded funding to develop technology that harvests resources from wastewater. | RELATED: | The Australian National University (ANU) and Commonwealth Scientific and Industrial Research Organization (CSIRO) on Wednesday announced over US$685,000 in funding for the inaugural ANU-CSIRO Agri-Food Collaboration Program. | Inspired by breakthroughs in biological research, the team will seek to address the…

Colin Todhunter (2022-08-31). An Engineered Food and Poverty Crisis to Secure Continued U.S. Dominance. globalresearch.ca The issue is not food shortage but speculation on food commodities and the manipulation of an inherently flawed global food system that serves the interests of corporate agribusiness traders and suppliers of inputs at the expense of people's needs and genuine food security.

Staff (2022-08-31). Preview: Will Job Growth Finally Slow? cepr.net (The monthly Employment Situation is scheduled for release by the Bureau of Labor Statistics on Friday, September 2nd, at 8: 30 AM Eastern Time.) | The two big questions that the Federal Reserve Board, and just about everyone else, will be asking with the August jobs numbers are: "Is job growth slowing to a sustainable pace?" and "Is wage growth falling back to a more normal rate?" | The 528,000 new jobs reported for July pushed total employment above the pre-pandemic level, but it is clearly not a sustainable growth rate for an economy with a 3.5 percent unemployment rate. (The preliminary benchmark revisions ann…

Sarah Anderson (2022-08-31). Rep. Jamie Raskin on Chile's Proposed New, More Equitable and Democratic Constitution. inequality.org

Fight Back (2022-08-31). University of Minnesota Teamsters picket, march against poverty wages. fightbacknews.org Minneapolis, MN — More than 300 University of Minnesota (UMN) service workers represented by Teamsters Local 320, along with members AFSCME, students, faculty, and others, protested on the school's campus, August 30, to demand an end to poverty wages and abusive employment practices. | Local 320 represents 1500 workers at UMN who clean buildings, service dormitories, maintain grounds, prepare food, maintain HVAC systems, care for research animals, drive trucks, and perform other activities across the university's five campuses. Many of the workers are Black, including immigrants from Somalia, Ethiopia and…

WSWS (2022-08-31). UK: Royal Mail workers stage second 24-hour national strike with more to follow. wsws.org The WSWS spoke to postal and BT workers on picket lines who said they did not view theirs as an isolated dispute, spoke about the huge inequality between workers and the corporate establishment and the need for broader action against the Conservative government.

Internationalist 360 ∞ (2022-08-30). How France Underdevelops Africa. libya360.wordpress.com Anis Chowdhury and Jomo Kwame Sundaram SYDNEY and KUALA LUMPUR, Aug 30 2022 (IPS) — Most sub-Saharan African French colonies got formal independence in the 1960s. But their economies have progressed little, leaving most people in poverty, and generally worse off than in other post-colonial African economies. Decolonization? Pre-Second World War colonial monetary arrangements were consolidated into the Colonies…

Internationalist 360 ∞ (2022-08-30). Why Any Political 'Scientist' Who Calls U.S. a "Democracy" Is a Fake — NO Scientist. libya360.wordpress.com Eric ZuesseScientific empirical studies have uniformly proven that the U.S. Government is not a democracy (not a one-person-one-vote operation, nor anything even approximating that) but is instead an aristocracy (a one-dollar-one-vote Government). The U.S. Government represents actually not persons, but instead wealth. Voters go to the polls deceived by propaganda permeating the media, and voters…

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