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Friday, June 1, is a date that marks a shift in the public consciousness of the state of the US and global economy. What was touted for months over the past winter as a rebound taking hold in the US economy and that the US economy was ‘exceptional’ and would not...
KINGSTON, CANADA - Over the past year, Africa has seen the decomposition of states from coast to coast. A belt of war, coups and large-scale spontaneous demonstrations has emerged across the Sahel, from Guinea-Bissau to Somalia. The situation represents a significant...
We are about to celebrate May Day. There are important connections between this May 1st holiday and the proposed amendments to key labour legislation, unemployment and climate change. Developing these connections is best begun by noting Labour’s very public outrage...
Cosatu general secretary Zwelinzima Vavi responds to an opinion piece in Friday’s Business Day by Adcorp’s Loane Sharp that ‘SA trade unions are the biggest obstacle to job creation’. He calls it “hogwash” that would not have shocked Joseph Goebbels, “whom Mr Sharp...
Lies. damned lies and statistics. It’s a cliché that has been used several times in this column over the years. I have used it because statistical data, especially about employment and the cost of living, can influence attitudes, opinions and policy decisions. As...
Is it a house or a home? A temple to the new India, or a warehouse for its ghosts? Ever since Antilla arrived on Altamont Road in Mumbai, exuding mystery and quiet menace, things have not been the same. “Here we are,” the friend who took me there said, “Pay your...
How is it possible for Finance Minister Pravin Gordhan to roll out a huge infrastructure programme requiring billions of rand and to slash the budget deficit (the proportion of government spending to GDP) from ––4.6% to –3% over three years without increasing taxes?...
A slow dawn of realisation is setting in among sensible elites: that the world economy isn’t going to recover according to any prior experience, that financial markets are rigged to transfer from the 99% to the 1%, and that ecological barriers are emerging fast on the...
The economic crisis that has shaken the world may have started in Wall Street, but it has been made much worse by the actions of both the European institutions and European member states.Much of the so-called debt crisis was caused not by states spending too much, but...