There is no justification for spending colossal amounts of money on so-called defence — sacrificing our education, health and transport while they’re at it, says BERT SCHOUWENBURG
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Employment rate plummets amid sterling rate drop – this is not coincidental
Changed financial conditions are having an impact in Britain and the United States, writes JULIAN VIGO
JOHN REES replies to Claudia Webbe
GEOFFREY BELL looks at the curiously unsupportive stance of British progressives of the Easter Rising
On the eve of the Communist Party of Ireland’s 27th congress JIMMY CORCORAN reiterates the principles that guided James Connolly
But that’s OK, says MATT KERR, as talking is what will help us get things done
Why a defeat of the miners still haunts Britain’s rulers, says PHIL KATZ
EARLIER this month, the euro-US dollar (EUR/USD) exchange rate fell about the same time that sterling fell after the Bank of England raised its main interest rate by 0.75 percentage points to 3 per cent. This brought borrowing costs to the highest level since 2008.
The exchange rate shift has also resulted in a slowdown in employment growth.
This is a direct result of the US Federal Reserve tightening its policy earlier this year around longer-term interest rates that have moved significantly higher, where stock prices have declined sharply and the dollar has increased in value.
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As the dollar falters and US power turns predatory, Britain and Europe must abandon transatlantic illusions and build a collectivist alternative before the system implodes, writes ALAN SIMPSON
PRABHAT PATNAIK details the epochal shift of political power from Western neocolonialists to the people
Washington’s tariff policies become explicable in light of the US economy’s relative decline and the astonishing rise of China, argues MICHAEL BURKE