Tag: banks
‘Moreno A Hypocrite And Traitor! People’s Blood Non-Negotiable!’
‘Lenin Moreno Hypocrite and traitor – the blood of the people is not negotiable,’ shouted over a hundred Ecuadorians and their supporters outside the...
New head of IMF warns $19 trillion debt time bomb will...
THE NEWLY-appointed head of the International Monetary Fund (IMF) this week issued the starkest warning yet that world capitalism is on the point of...
Moreno Flees Ahead Of Ecuadorian Mass Demonstrations!
ECUADORIAN President Lenin Moreno abandoned the capital, Quito, on Monday and fled to the coast ahead of mass demonstrations which were held yesterday. A mass...
SA National Banking Strike Banned!
ATTEMPTS to put on trial the most notably capitalist elements of the ‘fourth industrial revolution’ suffered a major blow at the Labour Court of...
Worldwide Capitalist Crisis Requires The Victory Of The World Socialist Revolution!
YESTERDAY saw a massive escalation in the world trade war when the US was given the green light by the World Trade Organisation (WTO)...
Johnson using fear of revolution and civil war to drive through...
Opposition parties met yesterday in the offices of Labour leader Jeremy Corbyn in an attempt to cobble together an agreement to replace Boris Johnson...
Only socialist revolution can stop industrial collapse
THE BALLYMENA-based Wrightbus company went bust yesterday, throwing 1,200 workers out of a job with immediate effect. On top of this, 1,700 jobs in the...
50,000 South African bankworkers to strike! – as miners vow to...
Bankworkers union Sasbo (South African Society of Bank Officials) said South Africans should brace themselves for a complete standstill in the financial services sector...
Universal Credit: ‘Cruel and flawed’ – says Unite
A bombshell report and survey of nearly 1,200 claimants by the union Unite lays bare the misery caused by the roll-out of Universal Credit. The...
Renationalise Thomas Cook!
NINE thousand Thomas Cook workers lost their jobs yesterday with a further 20,000 threatened across Europe as the company, founded in 1841, went bust....
BIS warns new ‘Lehman Brothers’ crash under way
THE SWISS-based Bank for International Settlements (BIS) has issued yet another warning that the world’s banking system is heading for a monumental crash. The BIS,...
Only Socialist Revolution can force a break with the EU
TOM Watson, the right wing deputy leader of the Labour Party, escaped being unceremoniously chucked out of his position over the weekend following an...
Corbyn is just another Remainer – Build the new leadership in...
IN HIS address last week at the TUC annual congress, Labour leader Jeremy Corbyn informed delegates that Labour’s priority was to stop a No-Deal...
46,000 auto workers close down GM as the class struggle erupts in...
ON SUNDAY night 46,000 members of the United Automobile Workers (UAW), employed by General Motors in America, walked out on indefinite strike in a...
EU announces further below-zero rate cuts and 2.6tn euro QE as...
THE EUROPEAN Central Bank (ECB) has announced its biggest package of rate cuts and economic stimulus in three years as EU President Mario Draghi...
Scottish court rules prorogation ‘unlawful’
WE ARE of the opinion that the advice given by the government to Her Majesty the Queen to prorogue Parliament was unlawful and that...
Corbyn Displays The Bankruptcy Of Reformism At The TUC!
WHAT has emerged out of the bankruptcy of Parliament this week is that the Labour leadership, along with the other opposition parties and rebel...
‘Overthrow the EU – Replace it with the Socialist United States...
‘TROTSKY wrote about the prospects of the European capitalists uniting Europe,’ Dave Wiltshire, National Secretary of the All Trades Union Alliance told the YS/WRP...
Bring the airports out in support of Ryanair and BA strikers!...
THE BRITISH AIRWAYS pilots strike is on for both Monday and Tuesday in an escalating battle over pay. British Airline Pilots’ Association (BALPA) BA...
TUC leaders back Remainers to keep the working class tied to...
WITH THE annual conference of the TUC opening on Monday the leadership of the trade unions have produced a report detailing the catastrophic effects...
The Bankers Are Warming To Jeremy Corbyn – Now That He...
BORIS Johnson’s Tory government suffered a massive defeat in the House of Commons on Tuesday night when 21 of its MPs rebelled and voted...
Rail Companies Are Paying Massive Dividends Says RMT
NEW RMT research has revealed that the private companies responsible for supplying trains to the railways have been paying massive dividends to their shareholders...
COSATU condemns political killings and ‘vote buying’ during ANC campaign
SOUTH Africa’s trade union federation COSATU has expressed concern over ongoing factional battles in the governing ANC party, allegations of vote buying by the...
Lobby TUC Sept 9 to demand break from EU now and...
THE REMAINER MPs have been dealt a minor blow by the Scottish courts. A Scottish judge has refused to order an immediate halt to...
Car industry collapses in UK and Europe under impact of capitalist...
THE BRITISH car industry is steadily collapsing as a result of the world economic crisis, figures produced yesterday highlighted. According to the Society of Motor...
Johnson suspends Parliament. Leave the EU on 31 October & forward...
YESTERDAY, the Tory government asked the Queen to suspend Parliament from 10 September, just days after MPs return, for 23 working days until 14...
Trump splits US ruling class with demand they give up vast...
ON THE eve of the G7 Summit in France over the weekend US president Donald Trump ordered US companies to leave China and move...
Central Bankers Are Condemned As ‘Useful Idiots’! Bosses Propagandist Borrows Lenin’s...
PRESIDENT Trump has described the new ‘utopia’ that the UK faces once it breaks with the EU, and the UK ruling class switches its...
‘Bleak Houses’ and desperate living conditions for workers and youth in...
THE REPORT by Anne Longfield, the Children’s Commissioner for England, ‘Bleak houses: Tackling the crisis of family homelessness in England’, reveals the ‘terrible reality’...
As Imperialism Hits The Rocks – Forward To The Victory Of The...
US AND UK-backed Islamists are on the run from their last stronghold in Idlib province in Syria. The Syrian Observatory for Human Rights (SOHR) reported...
NATIONAL UNITY GOVERNMENT PLAN AWAKENS MEMORIES OF THE 1960s and ’70s...
THERE IS VERY great resistance to the proposal of Labour leader Corbyn that he should put down a motion of no confidence in PM...
US Drone Carrying Missiles Crashes On Farms In Iraq!
US AIRCRAFT are flying over Iraqi territory collecting intelligence on the country’s popular forces, a senior Iraqi expert said, adding that a drone that...
Corbyn calls on civil servants to block no-deal Brexit! Organise general...
IN THE LATEST attempt to block a no-deal Brexit, Labour leader Corbyn has called on the civil service to move into action and do...
NUMSA car workers to strike for 20% wage increase!
SOUTH Africa’s automotive sector, already reeling from poor sales, now seems set to suffer a further blow – as carworkers threaten to take strike action...
‘A WHOLESALE SELL-OUT TO PRIVATE OPERATORS’ – RMT warns over Tory...
THE RMT warned on Tuesday that the long-awaited Government Rail Review – set up on the watch of serial failure Chris Grayling – is...
French youth rise up over death of 24 year-old after police...
THE GOVERNMENT of French president Emmanuel Macron went into a full blown crisis this week with riots in Nantes on Saturday where thousands of...
PCS Calls For Universal Credit To Be Smashed!
‘THROUGH our Universal Credit Fact Versus Fiction campaign, PCS is exposing the massive problems with a system that we say needs to be scrapped...
US BEGINS NEW ARMS RACE! – as Senate agrees to spend...
THE US has begun a new arms race with President Trump’s announcement of the US’ formal withdrawal from the Intermediate-Range Nuclear Forces Treaty (INF). This...
Cut in interest rates by the Fed will accelerate capitalism’s world...
THE US CENTRAL Federal Reserve Bank on Wednesday performed an abrupt U-turn on its policy of attempting to hold back the vast amount of...
Johnson reveals his feet of clay with his two-year transition plan...
AFTER ALL the bluster from Boris Johnson about delivering Brexit and that leaving the EU by October 31st was a ‘do or die’ issue,...
BA is intent on union-busting and wage-cutting! Balpa must stand fast...
THE HIGH Court on Tuesday dismissed an attempt by British Airways to secure an interim judgement that would make planned strike action by pilots...
‘Do Or Die’ Johnson Has Already Faced An Attempt To Remove...
THE JUST-elected Tory leader Boris Johnson has already faced an attempt to remove him by Tory Minister of State for Europe Sir Alan Duncan,...
Scotland Yard refuses to back down as the capitalist state gives...
TORY leadership rivals Boris Johnson and Jeremy Hunt have found themselves leading the condemnation of Scotland Yard after a senior officer threatened to prosecute...
‘Left’ Tsipras government humiliated as workers abstain in general election
SYRIZA (the coalition of the left) party crashed to a humiliating defeat at the hands of the right-wing New Democracy (ND) party in the...
Casualisation is shattering the mental and physical health of university staff
Staff in UK universities working on insecure contracts say the lack of security is damaging their mental and physical health. A report released yesterday says...