Egypt: With it or not

Published on Al-Ahram weekly online, by Mohamed Abdel-Baky, Dec 10, 2013.

During a rally held in Minya governorate, Nour Youssef, a member of the Social Democratic Party, urged his village to vote “yes” on the draft constitution.

The crowds shouted, “viva Egypt, bread, freedom and social justice”, repeating the 25 January 25 Revolution slogan.   Continuer la lecture de « Egypt: With it or not »

The Volcker rule: More questions than answers

A push to make America’s banks safer creates new uncertainties – Published on The Economist, Dec 14, 2013.

The 37 words inserted into the 848-page Dodd-Frank law overhauling the regulation of America’s financial institutions seemed innocent enough. Lawmakers wanted regulators to come up with strictures that would prevent banks from gambling with deposits insured by the federal government. The resulting rule, named after a prominent proponent, Paul Volcker, a former head of the Federal Reserve, prohibits banks from “proprietary trading”, meaning transactions conducted purely for their own gain, rather than to serve clients. On December 10th five different regulatory agencies approved the Volcker rule; it will come into force, awkwardly enough, on April 1st.  Continuer la lecture de « The Volcker rule: More questions than answers »

The Secret History of How Cuba Helped End Apartheid in South Africa

Watch this video: The Secret History of How Cuba Helped End Apartheid in South Africa, 50.27 min, on Democracy Now, December 11, 2013.

As the world focuses on Tuesday’s historic handshake between President Obama and Cuban President Raúl Castro, we look back at the pivotal role Cuba played in ending apartheid and why Castro was one of only five world leaders invited to speak at Nelson Mandela’s memorial. In the words of Mandela, the Cubans ‘destroyed the myth of the invincibility of the white oppressor … [and] inspired the fighting masses of South Africa.’  Continuer la lecture de « The Secret History of How Cuba Helped End Apartheid in South Africa »

Launching the Socialist Register 2014

Watch this video: Registering Class, 17.28 min, published on Socialist Project.ca, Nov 24, 2013:

The 50th volume of the Socialist Register is dedicated to the theme of ‘registering class’ in light of the spread and deepening of capitalist social relations around the globe. Today’s economic crisis has been deployed to extend the class struggle from above while many resistances have been explicitly cast in terms of class struggles from below. This volume addresses how capitalist classes are reorganizing as well as the structure and composition of working classes in the 21st century …; Continuer la lecture de « Launching the Socialist Register 2014 »

Cartel Power: Megabanks Gain Ground Despite Fines, Part 1

Published on Spiegel Online International, by Sven Böll, Martin Hesse, Christoph Pauly and Anne Seith, Dec 10, 2013 (Photo Gallery).

Authorities around the world are taking action against large banks for questionable practices including collusion and rate manipulation, but the power of these financial institutions continues to grow. Germany’s Deutsche Bank in particular finds itself under fire.   Continuer la lecture de « Cartel Power: Megabanks Gain Ground Despite Fines, Part 1 »