Daily Archives: August 23, 2022

2022-08-23: News Headlines

WSWS (2022-08-23). Australian Labor government supplies more fuel to Sri Lankan navy for anti-refugee operations. wsws.org The fuel arrangements seek to bolster the repressive military-backed government and stop refugees fleeing the poverty-stricken country.

Dana Sanchez (2022-08-22). CEO Of The Largest U.S. Bank, JP Morgan Chase: 'Something Worse' Than a Recession Could Be On Its Way. moguldom.com JPMorgan Chase CEO Jamie Dimon predicts the chance of a recession is in the neighborhood of 10-to-30 percent, but the boss of the largest U.S. bank said there are "storm clouds" and something worse could be coming. The U.S. economy is strong, Dimon told wealthy clients in an Aug. 9 note. Consumers' balance sheets and …

TeleSUR (2022-08-22). The UK Heads Towards Its Worst Economic Crisis Since 1926. telesurenglish.net As millions of people in Britain face the prospect of escalating bills, Keith Baker, a research fellow in fuel poverty and energy policy at Glasgow Caledonian University, warned the country could face its worst peacetime crisis since the General Strike of 1926. | RELATED: | For many British families, food prices were already rocketing, adding extra dollars to weekly food bills, but planned rises in the cost of electricity and gas du…

Isabella (2022-08-22). At Long Last, Congress Considers a National Domestic Workers Bill of Rights. inequality.org

Colin Todhunter (2022-08-22). An Engineered Food and Poverty Crisis to Secure Continued US Dominance. globalresearch.ca

____ (2022-08-22). China has favorable conditions for overall price stability. ecns.cn Aside from the efforts to stabilize the commodity and food prices, there is no monetary basis for price hikes thanks to China's adherence to not resorting to the "flood-like stimulus," Fu Linghui said.

Staff (2022-08-21). India's Prabhat Patnaik: Fascism Is Rooted in the Crisis of Neoliberalism (Interview). orinocotribune.com Renowned Indian economist and political analyst Prabhat Patnaik spoke with Bengali newspaper Ganashakti about the present state of India's economy and politics, on the occasion of the 75th anniversary of India's independence from British colonial rule. | After 75 years of independence, wealth inequality and unemployment are increasing rapidly, while employment and the guarantee of an income for the majority of the population are decreasing every day. Does this mean that India is no longer a welfare state? | If we consider the definition of "welfare state" properly, India was never a "welfare state." Even if a "we…

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