Tag: banks
MEDICARE, MEDICAID, SOCIAL SECURITY MUST BE DEFENDED! – says SEIU...
Mary Kay Henry, President of the Service Employees International Union (SEIU), issued the following statement after both Republicans and Democrats last Thursday announced their...
Fears Of Eu Debt Meltdown
CITY regulator, the Financial Services Authority (FSA), has stepped up scrutiny of UK banks’ exposures to foreign government debt after fears of a European...
Sharp turn for worse! – B of E governor King on...
‘SINCE we last met, the mood in markets has taken a sharp turn for the worse,’ Bank of England Governor Mervyn King admitted yesterday,...
Big pensions for bosses, poverty for workers
A new report by the Incomes Data Services and the High Pay Commission has thrown the spotlight on the issue of pensions, and the...
$40 billion to be invested in Iran’s oil and gas fields
IRAN’S Oil Minister Rostam Qasemi has announced that 40bn dollars will be invested in the country’s joint oil and gas fields. Explaining his...
Only one solution to the death agony of capitalism: bury...
EVEN sections of the bourgeois media, and the bourgeoisie that it represents, were yesterday able to describe the appearance of the current world...
RBS TO SACK 2,000 –as economic crisis bites
Panic gripped investors in the world’s stock markets yesterday as bank shares were hit hard. Share prices on the London stock market slumped...
TUC CONGRESS 2011 CALL FOR INDUSTRIAL ACTION ON PENSIONS –but does...
The TUC Congress next month is meeting at an historic juncture of worldwide economic and political crisis. Millions of workers are having their wages frozen...
Italy Hits The Rocks!
Italian finance minister Giulio Tremonti was yesterday in talks with Jean-Claude Juncker, chair of the Eurogroup of finance ministers from the 17 eurozone countries,...
US debt deal increases economic crisis and puts the US on...
THE National Committee to Preserve Social Security and Medicare says the following about Obama’s debt deal that savages the poor and leaves the rich...
IMF – British banks warning!
THE IMF warned yesterday that the British banks have a ‘very large potential to originate global shocks’. As if that was not enough they added...
Since bankrupt capitalism offers workers a ‘bleak old age’– get rid...
LORD McFall, who has been examining private sector pension schemes, has concluded in his Workplace Retirement Income Commission review, that workers on private pensions...
World capitalism hanging over the brink
WHAT bourgeois economists thought was unthinkable just a few days ago is now about to happen. In just four days time the United States is...
Stop the great pensions robbery!
2.5 million public service employees are being told how much extra the coalition government intends to force them to pay in pension contributions from...
HAGUE EXPELS THE LIBYAN DIPLOMATS –recognises Benghazi gang as government
FOREIGN Secretary Hague announced the expulsion of all Libyan diplomats from the UK yesterday. He also announced that the counter-revolutionary NTC (National Transitional Council)...
Staffing cuts causing ‘avoidable’ maternal deaths
AN independent inquiry into the unusually large number of maternal deaths in London over the past two years has confirmed that the government policy of...
EU heads for economic collapse and revolution
ON Thursday the heads of the Eurozone met in emergency session in a desperate attempt to head off Greek state bankruptcy leading to the...
Cameron shows his contempt for parliament
TORY leader Cameron was allowed to bluff his way through yesterday’s debate, on his special statement on the Murdoch-Coulson scandal, held after it caused...
End misery of bankrupt capitalism with socialist revolution
LAST Friday the European Banking Authority released the findings of this year’s Stress Test for European banks. These stress tests, introduced one year ago, are...
Close down the Murdoch press – forward to a workers government
LABOUR leader Miliband, true to form, has spoken up for new media ownership rules to limit Rupert Murdoch’s ‘dangerous’ and ‘unhealthy’ concentration of power. He...
Capitalism’s Historical Crisis Demands Socialist Revolution
THE historic crisis of world capitalism has come to a head with a vengeance, with both the once mighty US economy and the European...
PUT POLICE ON TRIAL AND END ALL ANTI-STRIKE LAWS! – demand...
Political groups participating in the Tahrir Square sit-in issued two statements Sunday underlining their demands. The statements were issued separately, but the demands are almost...
STRIKE DOWN ANTI-WORKER LAWS – Demand American trade unions
THE battles against anti-worker laws across the United States have turned to the ballot boxes and courtrooms, says the AFL-CIO union federation. As voters go...
Southern Cross collapse– true face of privatisation
On Monday Tory prime minister, David Cameron, unveiled the long awaited White Paper that will enshrine in law the ‘presumption’ that public services should...
Greek contagion hits Italy and the US
Today the leaders of the Eurozone will be meeting once again in a desperate attempt to try and stop the collapse of the euro...
LANSLEY BILL MUST BE SCRAPPED! –rallies across the country on the...
OVER 1,000 trade unionists and youth marched to parliament on Tuesday night on the 63rd birthday of the NHS, demanding: ‘Kill the Bill!’ –...
Unions must take action! Occupy Bombardier! Bring down the...
THE proposed sacking of 1,500 Bombardier workers in Derby is the beginning of the end for the train construction industry in the UK, and...
Prosecute The Bankers Responsible For The Global Financial Crisis
Delegates to the 28th International Brotherhood of Teamsters Convention in Las Vegas last week unanimously approved a resolution to prosecute chief executives and other...
Greek ‘bailout’ derailed
The Chairman of the EU group of finance ministers, Jean-Claude Junker, spelt out at the weekend exactly what the EU and IMF ‘bailout’ of...
Workers Demand A General Strike To Defend Their Pensions
750,000 public sector workers struck to defend their pensions on Thursday. 70,000 of them marched through London with banners flying, determined to see the...
70,000 MARCH IN LONDON – GENERAL STRIKE – workers tell News...
ON A DAY when 750,000 public sector workers struck to defend their pensions, 70,000 of them marched through London with banners flying, determined to...
Revolution Only Way Forward For Greece And UK
WORKERS and youth in Greece have spent the last two days outside the Vouli being bombarded and attacked by riot policemen, some on motorbikes...
Class Struggle Is Erupting In Greece And UK!
TENS of thousands of workers and youth congregated early yesterday morning in Athens at three pre-arranged points to enforce an encirclement of the Vouli...
Gove calls for parents to scab
Over the weekend the Tory Education Secretary Michael Gove issued a call for parents to volunteer to break Thursday’s strike by civil servants and...
Greek Two-Day General Strike
GREEK workers are staging an unprecedented two-day general strike today and tomorrow, called by the GSEE (Greek TUC) against Yiorghos Papandreou’s government’s Mid-Term Economic...
Defeat The Health And Social Care Bill!
BY ANNA ATHOW, BMA COUNCIL, IN A PERSONAL CAPACITY THE Tory-Lib Dem coalition government is determined to push through the Health and Social Care Bill...
‘Now is the time to get tough on NHS reform’
AN OPEN LETTER TO THE MEDICAL PROFESSION WE are writing as a group of concerned doctors and we are also members of UK BMA Council. Next...
US capitalism in crisis – war at home and abroad is...
US CAPITALISM, the most powerful in the world, is teetering on the brink of collapse under a tidal wave of debt. This dire warning was...
FOLLOW THE EXAMPLE OF GREEK, SPANISH AND EGYPTIAN WORKERS – say...
IN the international debate on Wednesday afternoon, delegates at the Unison National Delegate conference in Manchester said the best way to show solidarity with...
Forward With The European Socialist Revolution!
ON MONDAY in the House of Commons, ex-Labour Home Secretary Jack Straw rounded on the government stating: ‘Instead of sheltering behind complacent language and...
Prentis ‘Call To Arms!’
UNISON General Secretary Dave Prentis yesterday made a ‘call to arms’ at the union’s national delegate conference urging delegates to stand ready...
‘WORKERS RISING UP!’ – ATUA National Secretary tells conference
‘WE NEED a general strike to bring the government down and go forward to a workers government and socialism.’ This is what All Trades Union...
Greek General Strike Topples Government!
THE massive united action of workers and youth in Greece, unleashed in the enormous one-day general strike last Wednesday, has toppled the hated government...
Greek police fire teargas at 200,000 workers
Greek police fired teargas and attacked 200,000 workers and youth outside parliament yesterday who were seeking to prevent MPs entering parliament to vote on...
Gaza has 45.2 % unemployment – Greek youth unemployment is 45%!
GAZA’S unemployment rate is among the world’s highest, at 45.2%, the UN has found. The territory continues to be blockaded by Israel, while the...