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Death toll jumps to over 230 after twin bomb blasts in Somali capital

The death toll from two car bomb explosions in Somalia’s capital, Mogadishu, has risen to 231, AP reports. The attack has become one of the deadliest in the recent history of the country beset by Islamist insurgency. Medics are attempting to help hundreds of victims, many of whom have been burned beyond recognition, AP added. The first blast happened near the Safari Hotel, close to Somalia’s Foreign Ministry. The blast area lies in the center of the city where government offices, hotels, restaurants, and shops are located, police said. The second explosion took place in the city’s Madina district hours later, according to police. The attacks happened just two days after the head of US Africa Command was in Mogadishu to meet with Somalia’s president, Mohamed Abdullahi Mohamed. No group has claimed responsibility for the attack so far. However, similar assaults in the country have been blamed on fighters from Islamic extremist rebel group Al-Sha

Britain: How do we make Corbyn's speech a reality?

Part 7 - Democracy in the Workplace In what was perhaps the most radical announcement in his speech, Corbyn called for the development of workplace and community democracy all over society, to take power out of the narrow corridors of Westminster. This is vital. Corbyn’s programme will face constant opposition and sabotage from big business, the media, and crucially, many of his own MPs and the army of civil servants in Westminster. The only force he can rely on to fight for its implementation is the millions of working class supporters he has in society. They must be democratically organised up and down the country, from workplace to workplace, to ensure that his policies are implemented. Unfortunately, this part of Corbyn’s speech was also the most vague. Ultimately, the principle of workplace democracy lies in sharp contradiction with that of private ownership. If Corbyn’s government attempts to implement his plans for investment in high quality and afford

As G20 debt reaches record levels, the Global Financial Mafia is ready to orchestrate another big crisis

globinfo freexchange The lunacy of the current dominant system of financial capitalism couldn't have been depicted more clearly: the debt pile reaches a historic high of $135 trillion in the G20 wealthiest countries! It seems that control has been lost completely, yet, the key centers of the Global Financial Mafia (GFM) are ready to pull off the plug again, which means that we should expect another major crisis in global scale soon. As UK's Workers Revolutionary Party reports: This week, the Washington-based International Monetary Fund (IMF) issued another warning that the world capitalist financial system is on the verge of a gigantic crash of historic proportions as the debt pile reaches a historic high of $135 trillion in the G20 wealthiest countries. The IMF warns that this colossal debt, run up by companies and consumers, will be impossible to service if there is any increase in interest rates or if central banks cut off the sup

European Central Bank made almost €8bn from Greece’s financial crisis

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times. A written response to a request from a Greek MEP showed the bank collected €7.8 billion in interest payments between 2012-2016 on Greek sovereign bonds acquired under its Securities and Markets bond-buying program (SMP). Profits are usually redistributed among the 19 eurozone central banks. In 2016, the ECB collected more than €1.1 billion in interest payments on the nearly €20 billion worth of Greek bonds it holds, according to German daily Suddeutsche Zeitung. An analysis from the Jubilee Debt Campaign estimated Greece’s other creditor, the International Monetary Fund, had made €2.5 billion from its loans to the country. According to Leo Hoffmann-Axthelm from Transparency International, the ECB’s participation in Greece’s bailout had led to a “conflict of interest.” “ The ECB expects rep

Despite JP Morgan crusade, Bitcoin price soars to new record high

Just a month after JP Morgan Chase CEO Jamie Dimon slammed Bitcoin, calling the digital currency “a fraud,” the long-time cryptocurrency critic claims he won’t talk about it anymore, according to Bloomberg. “ I wouldn’t put this high in the category of important things in the world, but I’m not going to talk about bitcoin anymore, ” Dimon said Thursday as Bitcoin jumped to an all-time high. Dimon later remarked that his own company moves trillions of dollars a day, “ effectively digitally, ” adding that “ It’s not cash. ” It’s important to point out that JP Morgan Chase has reportedly tried to patent an alternative to Bitcoin and been rejected — 175 times. The company has also jumped on the blockchain bandwagon, as Chief Financial Officer Marianne Lake confirmed in response to a question on a conference call with journalists Thursday. “ We are very open-minded to the potential use cases in the future for digital currencies that are properly controlled and regu