European Central Bank cuts interest rate below zero
By Stefan Steinberg
The European Central Bank (ECB) slashed one of its interest rates to negative territory and unveiled a €400bn loan package for Europe’s banks in response to the ongoing economic slump and the threat of deflation.
At its meeting in Frankfurt Thursday, the central bank cut its main lending rate to 0.15 percent from its current historic low of 0.25 percent, and its overnight deposit rate from zero to minus 0.10 (...)
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European Central Bank cuts interest rate below zero
7 June 2014, by Robert Paris -
Striking South African miners oppose rally called by official unions
30 October 2012, by Robert ParisStriking South African miners oppose rally called by official unions
By Julie Hyland
29 October 2012
The Congress of South African Trade Unions (COSATU) called a rally and march Saturday at the Olympia Stadium, Rustenburg in what was meant to be a show of strength. COSATU General Secretary Zwelinzima Vavi had vowed to “reclaim the Rustenburg area from the forces of counterrevolution.”
Vavi was to appear before an audience bussed in from surrounding areas, alongside Blade Nzimande, (...) -
Child poverty in US among the highest in developed world
20 April 2013, by Robert ParisChild poverty in US among the highest in developed world
By Nick Barrickman
A recent report by the United Nation’s Children’s Fund (UNICEF) details the growing levels of poverty facing children in the major capitalist countries. Compiled with information taken in the final two years of last decade (2009-2010), the report reveals a staggering level of child poverty in the “developed” world, with the standards of living in the United States, which has the highest gross domestic (...) -
Charles Dickens by Franz Mehring
8 November 2012, by Robert ParisRead here
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Mao Zedong’s granddaughter among China’s super-rich
1 June 2013, by Robert ParisMao Zedong’s granddaughter among China’s super-rich
Billionaires’ fortunes have increased by almost 17 percent in a year while the poor get poorer
chinaworker.info
Mao Zedong’s granddaughter has climbed into the ranks of China’s richest people. Kong Dongmei, granddaughter of the ‘great helmsman’, and her husband Chen Dongsheng, have amassed a combined wealth of five billion yuan (US$820 million), according to the Guangdong-based New Fortune magazine. Their personal fortune, which (...) -
South African police fire on striking farm workers
20 January 2013, by Robert ParisSouth African police fire on striking farm workers
By Joshua Lumet
Confrontations between striking farm workers and South African police and private security guards have left several people wounded and some 50 arrested.
On Thursday, the second day of a renewed agricultural strike, a community leader was reportedly shot and wounded by private security guards in the town of De Doorns, in South Africa’s Western Cape province, the center of the strike.
The violence against the strikers (...) -
Class struggle in Greece
28 January 2013, by Robert ParisGreek government mobilizes riot police to break Athens subway strike
By Christoph Dreier
The Greek government has declared martial law and mobilized riot police to break the nine-day strike by Athens subway workers. As of this writing, it appears that subway service has been partially restored and at least some of the striking workers have returned to work under threat of prosecution and up to five years in prison.
However, bus and tram service has been halted by rolling strikes (...) -
Biography of Fredrick Engels
26 March 2014, by Robert ParisBiography of Fredrick Engels
By Marx
By Franz Mehring
By Riazanov
By Lenin
By JD Bernal
By Lafargue
Writings of Engels
Confession of faith by Engels
Biography of Engels
By Michael Herbert
By Roland Boer
By WSWS -
Leon Trotsky - The First Five Years of the Communist International
4 July 2012, by Robert ParisRead here
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Europe in crisis as Cyprus faces national bankruptcy
22 March 2013, by Robert ParisEurope in crisis as Cyprus faces national bankruptcy
By Jordan Shilton and Chris Marsden
The vote by Cyprus’s parliament Tuesday evening to reject the terms of the European Union (EU) bailout agreed last Saturday has deepened a crisis which threatens to spread across Europe, posing the risk of national bankruptcy.
Thirty-six parliamentarians voted against the deal, while 19 abstained and none voted in favour. The initial bailout plan would have charged investors with deposits in (...)
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