The Biden administration „believes strongly in intellectual property protections,“ Tai said in a statement, but the White House will back the waiver given the „extraordinary circumstances of the COVID-19 pandemic.“ The administration has faced pressure to support the measure, which is aimed at increasing vaccinations around the world — especially in countries experiencing a surge in infections, like India — without having to rely solely on exports.
The Competition and Markets Authority (CMA), the Australian Competition and Consumer Commission (ACCC) and Germany’s Bundeskartellamt have signed up to the statement, which comes as countries build back following the Coronavirus (COVID-19) pandemic.
With it, all 3 authorities are being clear that competition between businesses will remain important for consumers as well as other businesses who want to best serve their customers and grow.
Skid Row was established by city officials in 1976 as an unofficial „containment zone“, where shelters and services for homeless people would be tolerated.
During the 1970s, two Catholic Workers — Catherine Morris, a former nun, and her husband, Jeff Dietrich — founded the „Hippie Kitchen“ in the back of a van. Over forty years later, in March 2019, aged 84 and 72, they remained active in their work feeding Skid Row residents.
Throughout the 1960s and 1970s, many veterans of the Vietnam War found themselves drawn to Skid Row, due to the services and missions already in place there, and feeling outcast from other areas. Like those after World War II, many of them ended up on the streets. It was around this time that the demographics of Skid Row shifted from predominantly white and elderly to those here today [see Demographics].
(19 September 2019)
In 1976, city officials established Skid Row as an unofficial „containment zone“, where homeless people, shelters and services would be tolerated. As a result, most visitors to the parts of Los Angeles that attracted visitors from around the world never saw a homeless person.
First established in 1892, and long before „Hollywood“ became synonymous with the commercial film industry, the area of Echo Park known as Edendale was the center of filmmaking on the West Coast.
The prime minister’s full remarks, which first appeared in the Sun newspaper, were reported to be: „The reason we have the vaccine success is because of capitalism, because of greed, my friends.“
Wales Office Minister David TC Davies, who attended the meeting, said Mr Johnson „made it absolutely clear it was a joke – a reference to the film Wall Street“.
“The fact that people even go out to vote is very disturbing to economists. After all, you won’t change the result of the election with your lone vote, and on the other hand it costs you time and money. If you do a cost-benefit analysis of it – clearly one shouldn’t vote. Classical economists are very disturbed by people who go out to vote and also by people who leave tips in restaurants that they don’t plan to visit again.”
From Uruguay and the United States to Australia and France, couriers and drivers have been bringing legal challenges against food delivery and passenger transport companies, such as Uber, Lyft, and Deliveroo, arguing that as their “workers” or “employees” they should be entitled to employment protections such as minimum wage, paid holidays and the right to unionise.
– ‚No jab no job‘ contracts are being drafted by companies in the care home sector
– The move may mean prospective and current workers need to have jab for work
– Vaccines minister Nadhim Zahawi said yesterday that it was ‚up to businesses‘
– The Government has so far said it has no plans to introduce a passport scheme
– Ministers have also reportedly urged Boris Johnson to consider jab certificates
Pascal Soriot said world leaders “could and should have been better prepared for this pandemic” and criticised what he called the “me first” attitude many have adopted in tackling the crisis.
“Globally, it’s fair to say we could and should have been better prepared for this pandemic,” AstraZeneca boss Soriot said during an appearance on a virtual panel on Monday.
The COVID-19 pandemic has demonstrated that no institution or individual alone can address the economic, environmental, social and technological challenges of our complex, interdependent world. The pandemic itself will not transform the world, but it has accelerated systemic changes that were apparent before its inception. The fault lines that emerged in 2020 now appear as critical crossroads in 2021. The time to rebuild trust and to make crucial choices is fast approaching as the need to reset priorities and the urgency to reform systems grow stronger around the world.
(Nov 10, 2017)
Deutsche Bank Aktiengesellschaft (Deutsche Bank or the Company) has agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme.
The resolution includes criminal penalties of $85,186,206, criminal disgorgement of $681,480, victim compensation payments of $1,223,738, and $43,329,622 to be paid to the U.S. Securities & Exchange Commission in a coordinated resolution.
We all should be gasping. This debt is choking trillions, it is a crisis & demands urgent, bold action. The Biden-Harris Admin can cancel student debt Day 1 via Exec Order.
Thousands of protesters took to the streets in Guatemala’s capital on Saturday, setting fire to the nation’s congressional building in a show of anger over a budget bill passed this week that cut funding for health care and education.
The demonstrations in Guatemala City, which also included peaceful marches in the central plaza, rocked a nation still recovering from back-to-back hurricanes that displaced thousands of people, destroyed homes and obliterated critical infrastructure.
Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy.
The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand.
Welcome to profit first, morals later America.
Obama framed the election as a battle for democracy.
“Our democracy is not gonna work if the people who are supposed to be our leaders lie every day and just make things up,” Obama said. “This notion of truthfulness and democracy and citizenship and being responsible — these aren’t Republican or Democratic principles. They’re American principles. … We need to reclaim them.”
In the course of the focus group discussions, participants observed that globalization extends beyond economic issues, such as trade, multinational corporations and open markets, to questions of governance, sovereignty and the connectivity made possible by new communication technology. Core to the discussion of globalization’s political implications was the role and influence of multinational or multilateral organizations such as the UN, the World Bank and – in the case of the UK – the EU. Particularly for participants who were less comfortable with globalization, these organizations were framed in terms of implications for the nation-state.
President Donald Trump says “big deals” are being done behind the scenes between the Democratic party and large companies in order rake in large donations for the campaign trail.
Mr Trump accused Democratic nominee Joe Biden of being a “servant of the globalists, lobbyists and Washington vultures who got rich bleeding America dry”.
According to new filings with the Federal Election Commission, Biden entered October with over $177 million in the bank, compared with $63.1 million for the president, marking a sharp reversal from earlier in the cycle when Trump’s cash advantage seemed insurmountable.
The authorities believe it will positively contribute to encouraging the use of local currencies for the settlement of trade and direct investment between the two countries, the statement said.
Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.
He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
The proposed legislation will enable transnational agri-food corporations like Cargill and Walmart and home-grown billionaire capitalists like Gautam Adani and his agribusiness conglomerate and Mukesh Ambini and his Reliance retail chain to decide on what is to be cultivated, how much of it is to be cultivated within India and how it is to be produced and processed. From seed to field to plate, the corporate take-over of the food and agriculture chain will be complete.
Carbon pricing is a term that was later popularized by the World Bank to include carbon trading (cap-and-trade and offsets), carbon taxes, REDD+ and voluntary carbon markets schemes. This allowed corporations to secure additional profit through trading carbon credits and in some cases tax breaks.
Even assuming that most of their jobs are pointless, it’s a lot of damn people keeping our rebellious impulses in check. Then there’s Fort Belvoir, Andrews Airforce Base, Quantico, Anacostia-Bolling. US Defense Services. Navy Intelligence. Department of Homeland Security. The National Reconnaissance Office. The Bureau of Intelligence and Research. The Office of Intelligence and Analysis. The NSA, FBI, CIA. Booz Allen Hamilton. Boeing. Humana. Raytheon. BAE Systems. General Dynamics. Northrup Grumman. Lockheed Martin.
A truly high maintenance group, the ruling class.
To review the situation: earlier this month, Bloomberg News reported that Biden’s “campaign rolled out a $3.5 trillion economic program over the past month” — one that “promises to invest in clean energy and caregiving, buy more made-in-America goods, and start narrowing the country’s racial wealth gaps.” This, said the news service, was proof that Biden no longer adhered to an ideology of austerity and deficit hawkery — which would be good news.
But then on the eve of Biden’s convention speech, the Democratic nominee’s top aide suggested to Washington reporters that, in fact, that’s not true.
„We support the machi Celestino Cordova’s struggle and all the Mapuche political prisoners,“ the Indigenous organization added.
They are heroes „who demand the vindication and autonomy of our territory. Together we will resist our real historical enemies,“ CAM announced.
The three independent oversight panels set up by Congress in the bipartisan CARES Act almost four months ago have all encountered serious obstacles — sometimes because of resistance from the White House, other times due to drafting oversights in the authorizing legislation.
As a result, lawmakers and the public may not have a full understanding of how coronavirus relief aid is being spent until after the election. In the meantime, Congress and the White House are moving toward another pandemic bill that’s expected to carry a price tag of at least $1 trillion.
For decades, large businesses have been taking market share from small businesses, and the corporations at the top of the pyramid have been consolidating into ever-bigger megacorporations. In the 1980s, half of retail shopping took place in independent stores; today, it is less than one-quarter. From 2002 to 2017, Home Depot and Lowes almost doubled their joint share of the home-improvement retail market, from 42 to 81 percent. Even before the coronavirus struck, in 43 metropolitan areas more than half of all groceries were bought at Walmart.
Relations are in free fall. Lines are being drawn. As the two superpowers clash over technology, territory and clout, a new geopolitical era is dawning.
(Oct 10, 2015)
The president spoke at a Democratic National Committee fundraiser in San Francisco, where the hip hop artist will later perform. Mr. Obama has a few political nuggets to pass on for West’s 2020 bid for the presidency.
In all, Netanyahu’s personal fortune is estimated at around NIS 50 million (approximately $14.5 million).
Personal financial wealth has soared over the past two
decades—nearly tripling on a global basis from $80.5
trillion at the end of 1999 to $226.4 trillion at the end of 2019.1 (See Exhibit 1.) That trajectory is even more impressive in light of the many economic disruptions that have occurred during this period.
On the eve of a holiday weekend and during a global pandemic, the Trump administration last week approved a new oil well and pipeline in Carrizo Plain National Monument. It would be the first well drilled in the monument since it was established in 2001.
The Bureau of Land Management originally approved the well and pipeline two years ago but withdrew that approval in July 2019 after Los Padres ForestWatch and Center for Biological Diversity filed objections. The conservation groups cited the well’s potential harm to wildlife, views and the climate.
Crises tend to expose pre-existing societal malfunctions, and the Covid-19 pandemic has provided a bleak view into our political and economic soul. This March and April, even as an astounding 30 million Americans plunged into unemployment and food bank needs soared, farmers across the US destroyed heartbreaking amounts of food to stem mounting financial losses.
In scenes reminiscent of the Great Depression, dairy farmers dumped lakes of fresh cow’s milk (3.7m gallons a day in early April, now about 1.5 million per day), hog and chicken farmers aborted piglets and euthanized hens by the thousands, and crop growers plowed acres of vegetables into the ground as the nation’s brittle and anarchic food supply chain began to snap and crumble.
All societies maintain what anthropologists call “social silence” about the society’s most significant subjects. As Tett puts it, what matters most “is not discussed because those topics are considered boring, irrelevant, taboo, or just unthinkable.”
“Capital in the 21st Century” understands that the daily facts about capitalism seem boring, irrelevant, etc., to most people because they’re not part of a story. They’re like baseball scores when you don’t know anything about baseball’s rules or teams or history. But understanding the story of capitalism is like understanding all of that about baseball, plus having a team to root for, and realizing that, if your team loses, you’re going to die.
Knudsen became president of GM in 1937 and served in that position until 1940.
That year, President Roosevelt’s National Defense Advisory Commission was revived and Knudsen was put in charge. He probably felt at home with U.S. Steel’s Edward Stettinius, a Council on Foreign Relations member who later became Secretary of State (1944-1945), and Sears’ chairman, Donald Nelson, the anti-Semite who chaired the America First Committee, an influential outfit that strongly opposed fighting Nazism. By 1941, Knudsen was co-chairing the Office of Production Management to oversee the country’s armament program. He probably felt less at home though with Roosevelt’s choice of co-chair, Sidney Hillman, a Jewish labour leader. But, all-in-all, WWII was highly profitable for Knudsen and his company. GM received $14 billion in contracts from the U.S. War Production Board, which was conveniently chaired by Knudson. GM’s vehicle factories in Germany churned out most of Hitler’s army trucks and many bomber aircraft engines for the Nazi war effort. In 1942, Knudsen was recognized in a special way by the U.S. Army. No he wasn’t arrested for conflict of interest or conspiring to arm the enemy, he became the first civilian to be made a U.S. Army General.
Collectively, the ten largest U.S. banks expanded by more than $1.2 trillion in the first quarter of 2020. JPMorgan alone grew by nearly 20 percent, becoming the United States’ first bank with $3 trillion in assets. The bank took in $273 billion in new deposits in just three months. That’s equivalent to JPMorgan acquiring PNC Bank — the country’s seventh largest depository institution.
22.87 The committee was frequently referred to as the McCormack-Dickstein Committee in reference to its chairman and vice chairman, John W. McCormack of Massachusetts and Samuel Dickstein of New York. It conducted public and executive hearings intermittently between April 26 and December 29, 1934, in Washington, DC; New York; Chicago; Los Angeles; Newark; and Asheville, NC, examining hundreds of witnesses and accumulating more than 4,300 pages of testimony. The committee accumulated evidence regarding individuals and organizations who worked to establish in the United States policies followed by the Nazis in Germany, the Fascists in Italy, and the Communists in Russia. The committee gave particular attention to the organization and activities of Friends of New Germany and Silver Shirts of America. The committee submitted its report on February 15, 1935 (H. Rept. 153, 74th Cong., 1st sess., Serial 9890).
(23. July 2007)
Document uncovers details of a planned coup in the USA in 1933 by right-wing American businessmen
The coup was aimed at toppling President Franklin D Roosevelt with the help of half-a-million war veterans. The plotters, who were alleged to involve some of the most famous families in America, (owners of Heinz, Birds Eye, Goodtea, Maxwell Hse & George Bush’s Grandfather, Prescott) believed that their country should adopt the policies of Hitler and Mussolini to beat the great depression.
(2. December 2011)
Not a one of them was ever called to testify or was charged with Treason. Virtually all of them were founding members of the Council on Foreign Relations (CFR).
The League was headed by the DuPont and J.P Morgan cartels and had major support from Andrew Mellon Associates, Pew (Sun Oil), Rockefeller Associates, E.F. Hutton Associates, U.S. Steel, General Motors, Chase, Standard Oil and Goodyear Tires.
I am a doctor: seven years at medical school, three years of applications, four years of doctoral studies to obtain my MD in Belgium, in 1995. From 1997 to 2003, I specialised in anaesthesia-recovery, then in intensive care. For the last 17 years, I have worked in this field, now in the spotlight during this viral pandemic called Covid-19. I am therefore particularly qualified from a medical standpoint. That’s where I stand out, and I am mainly guided in my profession by the motto passed down from the early days of medicine in Antiquity: “Primum non nocere” or in other words: “First, do no harm.”
– Andrew Bailey told the Daily Mail a premature end to restrictions could result in a loss of confidence
– The Bank of England governor issued the stark warning at a time of increasingly heated debate over lockdown
– It comes as ‚hawks‘ have been advocating for early easing of restrictions to save the huge costs to economy
– On the other side, ‚doves‘ argue relaxing constraints too early would be reckless and devastating for the NHS
The index updates followed a report published Saturday by Forbes about how „market gains led to a combined US$51.3 billion boost for 10 of the world’s billionaires since the market closed a week ago, on April 2.“ Bezos gained US$6.8 billion in that time.
„It has been like this for years.“
The Italian politician added: „What Germany is doing is disgusting and I believe that the EU will look very different when this virus is over.
„The UK could have not made a better decision in leaving this bloc.“
He also accused the opposition centre-right of „lying by saying that we will use the ESM“ adding „they weaken Italy in Europe“.
„We won’t activate the ESM and I won’t sign up to any proposal that is not ambitious,“ he said.
In the end, the most influential politician of 2020 might be the one who has been the most silent.
With Bernie Sanders exiting the race and Joe Biden taking on the mantle of presumptive nominee, the man who hovered quietly over the race for more than a year, Barack Obama, will soon return to the political fray.
Earlier Thursday, the White House invoked the Defense Production Act to acquire more masks with N95 respirators from 3M.
In a statement posted Friday, 3M said the White House formally invoked the act to prioritize N95 orders from the Federal Emergency Management Agency. The company also said it has gone „above and beyond“ to make enough respirators available in the U.S.
It creates big opportunity, which is especially true for face mask companies after the U.S. Health and Human Services says the U.S. only has 10% of face masks needed for a full-blown virus pandemic. They estimate the U.S. would need at least 3.5 billion medical-grade N95 masks.
Better, the Trump Administration has plans to source millions of masks from 3M to help combat the virus threat. If so, that could generate up to $1 billion in sales for the company. Vice President Mike Pence said in a press conference:
Professor Michel Chossudovsky has looked at who could ultimately benefit from current events and concludes that certain pharmaceutical companies could be (are already) major beneficiaries as they receive lavish funding to develop vaccines. He asks whether we can trust the main actors behind what could amount to a multibillion dollar global (compulsory) vaccination (surveillance) project.
Foreign financial institutions have acted quickly. On Friday, Morgan Stanley said it had received CSRC approval to increase its shareholding in its China securities joint venture, Morgan Stanley Huaxin Securities Company Limited, from 49 percent to 51 percent.
On the same day, Goldman Sachs said it had been approved to increase its ownership in its China joint venture, Goldman Sachs Gao Hua Securities Company Limited, from 33 percent to 51 percent.
What prevails is an atmosphere of fear and uncertainty which enables powerful financial interests to manipulate the stock market and consolidate their financial positions. This crisis has led to an unprecedented concentration of money wealth.
Masks that used to cost pennies now cost several dollars. Companies outside the traditional supply chain offer wildly varying levels of price and quality. Health authorities say they have few other choices to meet their needs in a ‘dog-eat-dog’ battle.
Piñera, dessen zweite Amtszeit am Mittwoch vor zwei Jahren begann, sieht sich seit Oktober 2019 einer Massenbewegung gegenüber, die ein Ende des Neoliberalismus sowie eine neue Verfassung fordert. Das aktuelle Grundgesetz gilt in großen Teilen als Erbe der Pinochet-Diktatur.
After the decisions announced by President Lenin Moreno on Tuesday night, thousands of Ecuadorian citizens used social media to express their outrage at a set of „brutal economic decisions“, popularly known as „Paquetazo“, which are aimed to favor the International Monetary Fund (IMF) agenda in this South American country.
Each person is the chief cause of their success or failure in life.
It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.
Sen. Bernie Sanders (I-VT) amended the Wall Street Reform law to audit the Fed, pushing the GAO to step in and take a look around.
Troubled ASSET RELIEF PROGRAM
Financial rescue plan aimed at restoring liquidity to the financial markets
Committed : $11 trillion (total)
Invested: $3 trillion (total)
For Americans overall, the March 1-2 survey found 53 percent of registered voters said the U.S. economic system is mostly or somewhat fair while 47 percent said the opposite.
The combined result is a divergence in the life expectancy of white college graduates and non-graduates. Overall mortality for whites between the ages of 45 and 54 has held roughly steady in the last 25 years. But that average hides a big increase in death rates for non-graduates and a big decline for graduates.
Contested Democratic conventions in the past led to catastrophe. In 1860, the Democratic convention broke up over the issue of slavery and in the end two Democratic candidates, one from the south, the other from the north, ran for president.
The S&P 500 headed for its second gain in three days after former Vice President Joe Biden won a majority of state primaries on Super Tuesday, dulling some investors concerns about the possibility of a more liberal candidate challenging President Donald Trump in November.
In one of the most recent such moves, Tata Power Co. last year acquired one of the distribution utilities in the state of Odisha.
Introducing his proposed government’s program in parliament on Wednesday, Fakhfakh said its priorities would include fighting widespread corruption and reforming public services and the state phosphate producer.
SANDERS: You know, we pride ourselves on being the longest-standing democracy in the world. And we’re proud of that. To me, what that means, one person, one vote. If you want to run for president, you run for president. You’ve got good ideas, maybe you win, maybe you don’t win.
But I do think it’s a bit obscene that we have somebody who, by the way, chose not to contest in Iowa, in Nevada, in South Carolina, in New Hampshire where all of the candidates, we did town meetings, we were talking to thousands and thousands of people, working hard. He said, I don’t have to do that. I’m worth $60 billion. I have more wealth than the bottom 125 million Americans. I’ll buy the presidency. That offends me very much.
And tomorrow night…
Back in November Mike Bloomberg was polling at four percent nationally and had the highest disapproval rating of any potential Democratic presidential candidate, and understandably so; the man has a uniquely horrible record and no redeeming traits to speak of.
Now, after spending $400 million in broadcast, radio and cable ads, $42 million on Facebook ads, $36 million on Google ads, and an unknown fortune on other shady manipulations, a national Quinnipiac poll released last week put him at 15 percent nationally in the Democratic primary. This week national polls released by NPR/PBS NewsHour/Marist and Zogby put him at 19 and 20 percent, respectively.
A spokesperson for Bloomberg confirmed the conversation. An Amazon spokesperson did not respond to requests for comment.
Sanders, the wife of Vermont Senator Bernie Sanders, told Fox News Saturday the „powers-that-be“ in America are placing a shallow focus on her husband’s „Democratic socialist“ label instead of what they’re really attacking — his campaign policies. Jane Sanders said „corporate socialism“ has benefited billionaires like President Donald Trump and Michael Bloomberg, while hard-working U.S. taxpayers end up paying for their business subsidies and bailouts.
Whether it winds up being Buttigieg, Bloomberg, or one of their ideological alt-centrist clones like Amy Klobuchar or the floundering Joe Biden, the mainstream narrative will soon converge around one candidate in a very positive way, with the only important qualification being that they aren’t Bernie Sanders. Many powerful people will do everything they can to prevent a Sanders nomination, whose presidency they oppose more than Trump’s. As journalist Matt Taibbi recently pointed out, the Democratic establishment has “every incentive to play every conceivable card. Trillions at stake.”
Am Mittwoch trafen der Präsident und seine sechsköpfige Delegation zudem mit US-Unternehmern zusammen. „Sie sehen uns als ein attraktives Land für Investitionen. Ecuador hat sich verändert und die Welt weiß das“, so Moreno.
Since 2019, the United States in particular, and some other countries due to pressure from Washington, began applying new sanctions to Caracas, which seriously affected its economy, people’s lives and Venezuela’s relations with other nations, Geng Shuang recalled.
What’s more likely to shape Canadian policy in the Hemisphere: human rights and democracy or bankers’ bottom-line?
Fernandez also spoke about the current administration under President Alberto Fernandez and the four years ahead of them. “We will keep our promises to the Argentinian people without a doubt,” she mentioned.
China’s Ganfeng Lithium Co said on Friday it will take control of an Argentina lithium project it has been developing with Lithium Americas Corp, cementing its control over a key source of the white metal for electric vehicle batteries.
His philosophy is that boosting turnout in a significant and meaningful way comes not only by exciting existing Democrats, but organizing and rallying nonvoters into Democrats.
His mission and ability to do that has been central to his argument about why he is the best candidate for Democrats in a general election.
The Canadian state has always, if only tacitly, understood this relationship between authoritarianism, resource extraction, colonialism and what Karl Marx called “primitive accumulation” — the looting and pillaging of wealth. Like the U.S., Canada has a long, ignominious record of abusing, locking up and betraying promises to Indigenous peoples.
When pressed on human rights issues in Kazakhstan, Pompeo said that „every nation has to get this right for itself.“
In 2006, Barrick Gold had proposed moving the glacier ice from the Toro 1, Toro 2 and the Esperanza glaciers to facilitate their exploitation of the region’s resources.
Brazil put Economy Minister Paulo Guedes in charge of its drive to find investors to buy state assets, a presidential decree said on Friday,
Bernie Sanders leads in Iowa polls ahead of Monday’s Iowa Democratic presidential caucus.
If he wins Iowa and New Hampshire, strategists say he could gain a lot of momentum toward winning his party’s nomination.
Yet some of the president’s big-money backers say they aren’t interested in bankrolling an effort aimed at propping up Sanders. They worry his potential strength in a general election is being badly underestimated, much as Democrats wrongly discounted Trump four years ago.
Annegret Kramp-Karrenbauer, speaking in an interview at the World Economic Forum on Thursday, said that Germany aims to keep its forces in Iraq, but can only do so at the behest of the government in Baghdad.
“We need to keep in mind that in Iraq, IS is not yet defeated,“ Kramp-Karrenbauer told Bloomberg Television in Davos, Switzerland. “If the pressure is reduced, then the danger is great that it resumes its regime of terror.”
Surveillance capitalists control the science and the scientists, the secrets and the truth.
Gwadar port in southern Pakistan recently began handling cargo bound for Afghanistan. While undoubtedly a positive development for the $50 billion China-Pakistan Economic Corridor, experts say the economic sustainability of the Chinese-managed port remains far from certain.
Alice Wells alleged that there was no transparency in CPEC projects, claiming Pakistan’s debt burden was growing due to Chinese financing. She also touched on the cost escalation in the railways ML-1 upgrade project and said the Chinese companies joining CPEC were in World Bank’s blacklist.
Tucker Carlson is delivering a warning to the GOP about Bernie Sanders. Ana Kasparian and Cenk Uygur, hosts of The Young Turks, break it down.
She noted that there are some „true believers“ within the Democratic Party who think capitalism can end poverty. „If anything, that’s probably the majority,“ she said, adding that she disagrees.
„That’s an area in which I agree with Dr. King, that that assessment is flawed,“ Ocasio-Cortez said as the audience erupted into loud applause.
Newsweek has reached out to the Democratic National Committee for comment but did not hear back before publication.
AOC is exposing the corruption inside the Democratic Party. Ana Kasparian and Cenk Uygur, hosts of The Young Turks, break it down.
The richest 22 men in the world — including Jeff Bezos and Bill Gates — own more wealth than all the women in Africa, Oxfam found.
Worries about income inequality, jobs disappearing due to automation and environmental sustainability are all feeding wide-scale distrust in capitalism as the world knows it, according to a new study released Sunday.
Edelman, a public-relations firm, conducted its 20th annual analysis of public trust in major institutions, surveying 34,000 people in 27 countries and Hong Kong. The data reveal both skepticism about those institutions—including government, business, the media and nongovernmental organizations …
To evaluate the pro-GMO lobby’s rhetoric that GE is needed to ‘feed the world’, we first need to understand the dynamics of a globalised food system that fuels hunger and malnutrition against a backdrop of (subsidised) food overproduction. We must acknowledge the destructive, predatory dynamics of capitalism and the need for agri-food giants to maintain profits by seeking out new (foreign) markets and displacing existing systems of production with ones that serve their bottom line. And we need to reject a deceptive ‘haughty imperialism’ within the pro-GMO scientific lobby which aggressively pushes for a GMO ‘solution’.
#HousingNOW #HousingIsAHumanRight #EvictTheSpeculators #StandWithTheMoms #HoldThemAccountable
A four-day-long tribal meeting among the Brazilian Indigenous leaders has begun in the Amazon to protest far-right President Jair Bolsonaro’s push to open their reservations for commercial mining and agriculture.
The State Department warned that the U.S. could shut down Iraq’s access to the country’s central bank account held at the Federal Reserve Bank of New York, a move that could jolt Iraq’s already shaky economy, the officials said.
A government bid to cut back pensions has pitched France into its longest strike in decades. But as one railworker organizer tells Jacobin, the dispute is about more than retirement insurance — it’s about stopping Emmanuel Macron’s whole agenda.
Vidéo complète : https://www.facebook.com/cerveauxnondisponibles/videos/2585958411689021
The 36th day of the longest continuous transport strikes in France’s modern history is taking place today, January 9, which is also the fourth day of major, cross-sector protests since the strikes began on December 5.
Far-left leader Jean-Luc Melenchon, head of the France Unbowed (LFI) party, added on Twitter: „These are not (New Year) wishes but a declaration of war to the millions of French who refuse his reform.“
Already another day of mass protests is set for January 9, when teachers, dockers, hospital workers and other public sector employees are expected to join transport workers by striking for the day.
Energy workers have also called for a three-day blockade of the country’s oil refineries and fuel depots starting January 7, raising the spectre of petrol shortages.
Democracy has been shackled by capitalist power. If sovereignty were merely about numbers, then the workers and the peasants, the urban poor and the youth would be represented by people who put their interests first and would be able to command more of the fruit of their labour. Democracy promises that people would be able to control their destiny. Capitalism, on the other hand, is structured to allow the capitalists – the property owners – to have power over the economy and society. From the standpoint of capitalism, democracy’s full implications cannot be allowed. If democracy gets its way, then the means of producing wealth would be democratized; this would be an outrage against property, which is why democracy is narrowed.
Here’s how they got here
„The days I was detained in the Federal Police (of Curitiba) strengthened me politically and today I have a greater will to fight until the restoration of democracy in Brazil,“ he said.
In addition, he stressed that democracy is a very serious issue and lamented that Brazil, which was previously a country where tolerance and love existed, now finds that hatred has been established in some sectors, promoted by those who seek to destroy the achievements made for most people in need. „The situation in Brazil is delicate … the people are suffering, they are losing their rights,“ Lula said.
Far-right Prime Minister Benjamin Netanyahu and his challenger in today’s (December 26) internal Likud election for the party leadership, MK Gideon Sa’ar, each received hundreds of thousands of shekels in campaign contributions from American, British millionaires, the State Comptroller’s Office website revealed on Sunday, December 22.
The Knesset passed a law last year preventing Knesset candidates from raising money from private donations and instead providing public funds for primaries. However, the law does not apply to races for the leadership of a party.
What they share, in addition to enthusiasm for Bernie Sanders, is a deep skepticism of the Democratic Party’s mobilization against the president. The left’s struggle against the center-left is the axis around which their politics revolves. From that perspective, the Russia scandal and impeachment are unnecessary and even reactionary.
While incomprehensible to liberals, centrists, and even many leftists who work within two-party politics, left-wing anti-anti-Trumpism has a coherent logic. It takes as its starting point a familiar critique that Trump won because liberalism failed. Trump, while bad, is merely a meta-phenomenon of the larger failure of the Democratic Party and the political and economic Establishment.
Lowest seats since 1935
Lowest since 1945
2nd lowest since 1949
Lowest since 1908
2nd lowest since 1962
Maybe it’s not just about Brexit?
The specific mission undertaken by Volcker was to jack up interest rates and plunge the country into recession, creating mass unemployment as a means of breaking the social resistance of the working class.
A full accounting would reveal that his policies, imposed on behalf of the American ruling class, resulted in untold social misery and the premature death of millions of people, not only in the US but around the world, as he charted the path for ruling classes to follow everywhere.
They also reaffirmed commitment to boosting cooperation within the framework of the Jordanian-Cypriot-Greek coordination framework.
Erklärung des kubanischen Außenministeriums 3. Dezember 2019
Erstes Gold nach Europa verschifft. Regierung setzt auf Einnahmen. Lokaler Widerstand wenig erfolgreich
Transport systems were paralyzed for a fourth day on Sunday as unions at state railway SNCF and Paris public transport system RATP extended their strike against the changes.
The USDA rule change affects people between the ages of 18 and 49 who are childless and not disabled. Under current rules, this group is required to work at least 20 hours a week for more than three months over a 36-month period to qualify for food stamps, but states have been able to create waivers for areas that face high unemployment.
Für die Pendler, die auf Autos ausweichen, soll der übliche Stau noch durch eine geplante Aktion „Schneckentempo“ auf der A31 zwischen Metz und Thionville vergrößert werden. Auch der Busverkehr ist vielerorts auf ein Minimum reduziert.
Die Hochgeschwindigkeitszüge TGV sind fast komplett gestrichen.
Emmanuel Macron, den sie seit seinem Amtsantritt im Mai 2017 den »Präsidenten der Reichen« nennen, hat schon mit seinen bisher gegen jede politische Gegnerschaft durchgezogenen neoliberalen »Reformprojekten« fast das gesamte Volk gegen sich aufgebracht. Die von ihm – auf Teufel komm raus – gewollte Neuordnung des Rentensystems bringt nun das Fass zum Überlaufen.
China will help build several major infrastructure projects in El Salvador including a stadium and water treatment plant, the two countries said on Tuesday, signaling China’s growing role in the region after El Salvador cut ties with Taiwan.
Establishment and Wall Street Dems are misreading the winds of public sentiment if they believe moderation is a winning political strategy for 2020. There is no constituency for a presidential candidate who prescribes half-measures to put out a fire.
And polling indicates that.
Bernie is an existential threat to business as usual and both parties ability to cash in as perpetual winners in the oligarchy-and they’ll use every means, fair and unfair, to protect their position. So, to those of you dedicated to upending business as usual, in case you had any illusions, Obama’s comments prove that you better be prepared for the fight of your life.
President Obama privately said he would speak up to stop Sen. Bernie Sanders (I-Vt.) from becoming the Democratic presidential nominee, Politico reported Tuesday.
The former president reportedly said if Sanders held a strong lead in the Democratic primary, he would speak out to prevent him from becoming the nominee.
Increasing wages increases consumption. Because 22% of consumption is imported in Germany – and because increasing wages doesn’t increase exports: if anything, the opposite – Germans having more money in their pockets will lead to them buying more foreign goods, reducing the current account surplus.
This won’t be easy to execute. There is a deep bipartisan consensus in Germany to maintain the status quo.
Rep. Alexandria Ocasio-Cortez won applause and cheers from her constituents on Sunday at a town hall in the Bronx where she expressed deep frustration with the routine dismissal of investment in public goods as „free stuff.“
„Bloomberg began floating the idea of a presidential bid in 2016, just as Bernie was beginning to gain momentum in that race,“ wrote Sirota. „At the time, Bloomberg disparaged Bernie and his campaign’s challenge to Wall Street.“
Kroatien durchlief in den vergangenen Jahrzehnten eine neoliberale Rosskur. Verstärkt wurde diese Entwicklung durch den EU-Beitritt des Landes am 1. Juli 2013 und die anhaltende wirtschaftliche Krise seit 2008. Vor allem bei den Staatsausgaben wurde seitdem gekürzt. Das Resultat sind unter anderem eine fortschreitende Deindustrialisierung und der Wegzug vor allem junger, gut ausgebildeter Menschen in die Länder Westeuropas. Auch dagegen richtet sich der Streik, wie Sanja Sprem, Präsidentin der Lehrergewerkschaft, erklärt: »Dies ist ein Kampf gegen die Ausreise unserer Kinder nach Deutschland und Irland. Wir haben die Nase voll, dass die Zukunft unserer Kinder zerstört wird. Wir haben zu lange geschwiegen.«
Die Regierung Ecuadors hat sich gegenüber dem IWF verpflichtet, Maßnahmen zur Senkung der Staatsverschuldung durchzuführen. Die Indigenorganisation Conaie bekräftigte, sie werde keine IWF-Reformen akzeptieren. Die Basis sei bereit für neue Mobilisierungen.
19.11.2019 With today’s Africa Conference in Berlin, the German government is seeking to induce German companies to make investments on the African continent. The conference is taking place within the framework of the „Compact with Africa“ project, launched more than two years ago during the G20 Summit in Hamburg.
So we are subject to many of the same abuses that have fueled mass protest movements in other countries, including high rents, stagnant wages, cradle-to-grave debt, ever-rising economic inequality, privatized health care, a shredded social safety net, abysmal public transportation, systemic political corruption and endless war.
So sind wir vielen der gleichen Missbräuche ausgesetzt, die Massenprotestbewegungen in anderen Ländern angeheizt haben, darunter hohe Mieten, stagnierende Löhne, Schulden von der Wiege bis zur Bahre, ständig steigende wirtschaftliche Ungleichheit, privatisierte Gesundheitsversorgung, ein zerfetztes soziales Sicherheitsnetz, katastrophale öffentliche Verkehrsmittel, systemische politische Korruption und endloser Krieg.
Einer der jüngsten Versuche besteht darin, im Rahmen der G20-Initiative „Compact with Africa“ die Länder des Kontinents auf die Anpassung ihrer ökonomischen Rahmenbedingungen an Wünsche deutscher Unternehmen einzuschwören. Dazu sollen die heutige Berliner Afrika-Tagung wie auch die ihr vorgeschaltete Investorenkonferenz in der deutschen Hauptstadt beitragen, die im Kontext mit dem Compact with Africa abgehalten werden. Bis heute haben sich lediglich zwölf afrikanische Staaten der Initiative angeschlossen.
In a bid to secure support from industry ahead of polling day on December 12, the leaders of the Conservatives, Labour and the Liberal Democrats will each make a speech on stage at the CBI (Confederation of British Industry) Annual Conference at the InterContinental London – The O2.
The national minimum wage is set to be increased in a new move to give the low-paid a post-Brexit boost, chancellor Sajid Javid has revealed.
In yet another signal that a snap election is looming, Javid told the Conservative party conference that he planned to hike the current rate of £8.21 an hour to £10.50 an hour within five years.
Crucially, the increase would also apply to over-21s and not just over-25s,
In a less familiar but no less noisy competition, both main parties are trying to persuade voters that they are committed to raising living standards by promising a significant rise to the minimum wage. We could well see a transformative assault on low pay in the UK.
As recently as 2015, the hourly national minimum wage was just £6.50. Today, for over-25s, it is £8.21.
Dann ergänzend sagt Claudia: „Es ist wichtig, dass die Menschen Folgendes verstehen: Abgesehen von dem, was die Mächtigen in Chile schon immer an Profiten gemacht haben, wie Dann erklärt hat, wollen sie nun auch noch, dass wir sie entschädigen, falls wir etwas zugunsten des chilenischen Volkes ändern. Das ist das Brutalste, was man je im Neoliberalismus gesehen hat. […] Nicht genug damit, dass sie uns bis zum Tod, bis auf die Knochen ausbeuten wollen, jetzt wollen sie auch noch, dass wir für Geschäfte bezahlen, die sie gar nicht wahrgenommen haben, von denen sie aber meinen, dass ihnen daraus Profite zustehen.
Cuban doctors had come to Ecuador with extensive experience to take care of patients in public services all over the Andean country. They helped to strengthen the education system of medicine and allowed to better serve the population, especially lower-income citizens.
Gewerkschaftsdachverband lässt Vereinbarung mit dem IWF bei Gericht prüfen. Conaie legt Vorschlag des „Volksparlamemts“ für wirtschaftliche Entwicklung vor
Vor einigen Jahrzehnten hörte ich einen konservativen Politiker mit naivem und zugleich zynischem Tonfall in Bezug auf die Kredite der Weltbank und des Internationalen Währungsfonds und die neoliberale Wirtschaftspolitik Folgendes sagen: „Diese Banken leihen dir Geld und gleichzeitig schlagen sie dir [neoliberale] Maßnahmen vor, um die Anleihen zahlen zu können. Du entscheidest, ob du dich verschuldest oder bezahlst.“
Protesters continue unabated in Chile, as President Piñera claims to be ‚at war‘ amid increasing criticism of heavy handed repression that has lead to 11 deaths so far. Miners and dockers unions have now called for an instensification of the protests by calling for a general strike.
Divestment is organizing to remove public and private assets from weapons manufacturers, military contractors, and war profiteers. Grassroots-led war divestment campaigns are springing up all over the world, from students organizing to divest university endowments from weapons manufacturers and war profiteers, to municipalities and states coming together to divest public pension funds from the war machine.
Moreno war 2017 mit dem Versprechen angetreten, die von seinem Vorgänger eingeleitete »Bürgerrevolution« fortzusetzen, hatte dann allerdings eine 180-Grad-Kehrtwende vollzogen. Diese könnte ihm nun zum Verhängnis werden.
It’s not only the ambulance service, but also the police and the Labor and Social Affairs Ministry that act as if all there is nothing they can do but declare the deaths of workers, as if it were a matter of divine decree and not the result of a systematic abdication of responsibility by everyone involved in the issue. No other explanation is possible for the horrifying fact that since the start of the year, 67 people have died in work accidents in Israel.
Die Unruhen in Ecuador überschatten einen geplanten Besuch von Präsident Moreno in Deutschland in der kommenden Woche. Geplant ist ein Auftritt von Moreno beim Lateinamerika-Tag der Deutschen Wirtschaft in Frankfurt am Main. Auch in Berlin sind politische Gespräche geplant.
„Let’s say it very clearly: the root of the problem is in capitalism,“ said the Bolivian president in his speech at the 74th General Assembly of the United Nations, which began work on Tuesday.
In February, the women collective of the EZLN said that Lopez Obrador’s government didn’t hold comprehensive community consultations for the ‚Maya Train‘, which is a large-scale infrastructure project is set to connect the whole Yucatan Peninsula for tourism, transportation, and economic purposes, and thus canceled the meeting to protest to the “new, bad government (that is) doing the capitalist’s megaprojects.”
Yemen’s Iranian-aligned Houthi rebels claimed credit for the attack, saying they sent 10 drones to strike at important facilities in Saudi Arabia’s oil-rich Eastern Province. The production shutdown amounts to a loss of about five million barrels a day, the people said,…
A leaked shortlist for the next Governor of the Bank of England made its way from the highest levels of the Treasury to the pages of The Times last Saturday, and has now been followed up by an orchestrated letter signed by Remain supporting MPs. The letter is a not-so-subtle attempt to confirm the leak by making the Civil Service’s recommendation list public and therefore making it politically harder for the Chancellor to appoint a Brexiteer to the role.
– Jeremy Corbyn delivered hard-Left attack on Boris Johnson in speech at TUC
– He said that the PM wanted a Brexit settlement to benefit his ‚wealthy friends‘
– Union baron Len McCluskey sent class war message ‚workers are coming for you‘
Jeremy Corbyn, the scourge of bankers and avowed opponent of capitalism, is winning support from unexpected new quarters: two of the biggest global banks operating in the City of London are warming to the Labour leader.
Unlikely as it may seem, he is now seen as the lesser of two evils by analysts at Citibank and Deutsche Bank, respectively American and German titans of the financial system.
Germany’s Verfassungsschutz Secret Service was abusing its “constitutional role in a legally impermissible manner” when it “stigmatises criticism of the capitalist system and the advocacy of its overcoming as ‘anti-constitutional’,” declared a legal brief submitted to the Berlin District Court by the German Socialist Equality Party (SGP) on 30 July.
In January this year, the SGP launched a lawsuit against its labelling by the Verfassungsschutz, in its public Report 2017, as “left-wing extremist” and an “object of observation.” The Federal Interior Ministry, which oversees the work of the Verfassungsschutz, responded with a detailed legal brief on 15 May. In it, the ministry declared “the advocacy of a democratic, egalitarian and socialist society,” the “agitation against so-called ‘imperialism’ and ‘militarism’,” and “thinking in class categories” to be unconstitutional.
The WSWS has already reported in detail on the SGP’s appeal and the Interior Ministry’s response.
The vision he offered was of a capitalism that would be judged, he said, “not just by how much it produces, but how widely it shares; how good it does for how many; and how well it takes care of all of us.”
The speech amounted to an effort to guide his party toward a vision for how to tackle one of the most salient issues facing the country: the growing divide between the very rich and everyone else.
So, while the EU might well be the apogee of constrained democracy, constrained democracy has many facets. Moreover, the model of constrained democracy existed on a national level before the EU was created. Indeed, the EU can be seen as the grotesque extension of a flawed system that was first developed within nation states after the First World War. For instance, the model of independent central banking was pioneered in Germany before being transposed to the EU much later on.
The billionaire, who died Friday, understood the power of changing ‘hearts and minds.’ He spent almost unlimited money on behalf of limited government.
Since the 1970s, the Kochs have spent at least $100 million — some estimates put it at much more — to transform a fringe movement into a formidable political force aimed at moving America to the far right by influencing the outcome of elections, undoing limits on campaign contributions and promoting conservative candidacies, think tanks and policies.
Yes. I didn’t neglect to include that third one. That is the real issue with this business plan. Deception. Because so much relies on building a large team in order to earn the top figures that so many dream of, prospecting can be as much about the art of deception as it is the art of persuasion. Now, one might believe that a deceived recruit is not as effective as a persuaded recruit. However, when there are dynamics that operate within the team that echo those found in Scientology, the Branch Davidians, and modern-day and early communism, this distinction becomes difficult to differentiate.
Bank stocks led the decline Wednesday as the inversion of the yield curve is seen making it harder for banks traditional business model to work when short term borrowing costs are higher than longer term lending rates.
Bank of America BAC, -4.69%, Citigroup CITI, -5.40% and J.P. Morgan JPM, -4.15% all ended sharply lower.
Some Britons may feel a touch of schadenfreude from seeing that the German industrial juggernaut is spluttering but its woes are a troubling symptom of a slowing world economy.
Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets, despite the latest truce. Industrial production in China grew at the weakest rate in 17 years.
So Trump meets Alaska’s governor in his airplane and agrees to push through a goldmine that had been stopped b/c it will devastate salmon habitat. This at a time that orcas are already starving death. Salmon carry entire ecosystems on their backs. Gold over life, literally. — Naomi Klein (@NaomiAKlein) August 9, 2019
All that capitalism has left to loot in America are the national monuments and forests and protected ecological areas.
The offshoring of US jobs was an act of suicide by the United States.
Sanders and his campaign have begun arguing recently that a variety of news outlets, including the Post and the Times, are biased in their coverage of his 2020 White House bid.
„We have pointed out over and over again that Amazon made $10 billion in profits last year. You know how much they paid in taxes? You got it, zero! Any wonder why The Washington Post is not one of my great supporters, I wonder why?“ Sanders said in North Conway, N.H. on Monday night, according to CNN.
Avaza hosted a meeting of the heads of the competent economic authorities of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan as part of the events of the Caspian Economic Forum.
For Noam Chomsky “nothing can be more threatening” for Mauricio Macri’s “purposes than to free people, emancipate them, help them think…”
He also pointed out that Macri is against public education because free thinkers threaten his purpose as their questions could not be answered by marketing managers.
The number of unemployed in Italy jumped by more than one million people between the start of the global economic crisis in 2008 and 2012, the national statistical agency Istat said Thursday.
A proposed new agreement on dealing with failing banks, hammered out in a lengthy meeting of finance ministers, was headed for a summit of European leaders on Thursday. Described as an „historic achievement“ by Italian Economy Minister Fabrizio Saccomanni, the single-resolution mechanism (SRM) agency is designed to prevent failures like the collapse of Lehman Brothers in 2008. Ban
In supporting the European banking union, Germany’s highest court reveals its anti-democratic heart.
“The project will enhance trade by significantly reducing transport costs, thereby accelerating the economic growth of Ethiopia and its neighbour Djibouti, as it is part of the main import-export corridor,” the AfDB said in a statement.
The meeting focused on ways to boost economic relations between the two countries with an emphasis on the role of Germany in the implementation of infrastructure projects in Libya.
The head of the Inter-American Development Bank, Luis Moreno, and the European Union’s representative on Venezuela, Enrique Iglesias, have also confirmed their attendance, the sources added.
Chairman Cummings issued the following statement:
“Today’s report reveals new and extensive evidence that corroborates Committee whistleblowers and exposes how corporate and foreign interests are using their unique access to advocate for the transfer of U.S. nuclear technology to Saudi Arabia. The American people deserve to know the facts about whether the White House is willing to place the potential profits of the President’s personal friends above the national security of the American people and the universal objective of preventing the spread of nuclear weapons.”
The Committee’s second interim report is based on more than 60,000 pages of new documents produced to the Committee in response to requests that Chairman Cummings made to a host of outside companies about their involvement with plans to transfer U.S. nuclear technology to Saudi Arabia. The report states:
New documents and communications show that IP3, the private company lobbying the White House to transfer U.S. nuclear technology to Saudi Arabia, repeatedly sought a $120 million investment from Saudi Crown Prince Mohammed bin Salman. It is unclear if the company ultimately received the investment.
Barrack played a high-profile role in Trump’s ascent to power, attending the 2016 Republican convention to deliver a primetime address in support of his longtime friend. He also introduced the future president to his former campaign chairman Paul Manafort, who is now serving a 47-month prison sentence for financial fraud.
For the 37th consecutive Saturday the anti-government Yellow Vests marched nationwide. They continue to be the only social movement in recent memory which has not gone on Christmas or now summer vacation.
“The story has been for young people growing up there of hopelessness, or the hope that one day they will get out and never come back. The crucial point is it certainly isn’t really the fault of the places, and certainly isn’t the fault of the people growing up there.
They haven’t failed. It’s we, us, the politicians, our politics has failed them.”
In a clear pitch to traditional Labour voters, Mr Johnson insisted that politicians had failed people in the North.
He said: “The centre of Manchester, like the centre of London, is a wonder of the world.
“A few miles away from here, the story is very different.
“The story has been for young people growing up there of hopelessness, or the hope that one day they will get out and never come back.
Yet Germany, which has a budget surplus and which can borrow money at sub-zero rates, doesn’t see the problem even as its own manufacturing sector contracts. Finance Minister Olaf Scholz told Bloomberg Television on Thursday, minutes before Draghi’s press conference, that he has no plans to loosen the country’s purse strings because it’s not “necessary or wise to act as if we were in a crisis.”
The majority of the local population has opposed the project, citing tremendous environmental impact, resulting to the complete desecration of tourism and agriculture in the area (those industries make up almost all financial activity in the area). The local population demonstrated over the years, even shutting down national roads, but the construction is still going on.