Economic Violence

31.12.2013

USA: The shocking redistribution of wealth in the past five years

USA: The shocking redistribution of wealth in the past five years

Anyone reviewing the data is likely to conclude that there must be some mistake. It doesn’t seem possible that one out of twenty American families could each have made a million dollars since Obama became President, while the average American family’s net worth has barely recovered. But the evidence comes… »

28.12.2013

The Other 98% Urges Wall Street to Donate $91 Billion in Bonuses to Victims of Financial Crisis

The Other 98% Urges Wall Street to Donate $91 Billion in Bonuses to Victims of Financial Crisis

The Dow Jones Industrial Average and the S&P 500 both hit record highs on Thursday while the NASDAQ surged to its highest level in over 13 years. The year-end rally is expected to add a boost to the massive bonuses Wall Street is preparing to hand out this year. The largest Wall… »

09.11.2013

It’s France’s turn. Again: Who the hell are Standard and Poor!?

It’s France’s turn. Again: Who the hell are Standard and Poor!?

A couple of years ago I published an Article in Pressenza about Credit Rating Agencies (CRAs). In the week that Standard and Poor decided to downgrade France it is worth repeating what was said then, because nothing has changed (for the better, at least). At that time the target was… »

02.11.2013

Food Stamps and Food Banks: austeritiy’s new “Special Relationship”

Food Stamps and Food Banks: austeritiy’s new “Special Relationship”

Democracy Now! [US]”Food Stamp Recipients Face “Hunger Cliff” as Deep Cuts Take Effect The more than 47 million people who receive food stamps in the United States will see a decrease in their aid beginning today as a temporary boost from the 2009 stimulus expires. Dubbed the “hunger cliff”… »

10.09.2013

Zero-hour contracts, the new UK fashion in workers exploitation

Zero-hour contracts, the new UK fashion in workers exploitation

A zero-hour contract is a type of contract used in the UK by an increasing number of firms which does not commit the employer to provide any specific work for the employee, who agrees to be available for work as and when required. Only hours that have been worked are… »

08.08.2013

Even Death Feels Weight of Crisis in Spain

Even Death Feels Weight of Crisis in Spain

BARCELONA, Spain, Aug 8 2013 (IPS) – Even in death, people in Spain cannot escape the economic crisis. Funeral services carry the highest VAT (value added tax) rate, alongside entertainment like nightclubs, and luxury products. “I paid over 7,000 euros (9,300 dollars) for my husband’s funeral, and it was a… »

27.06.2013

Raw deal for migrant labour. A personal experience

Raw deal for migrant labour. A personal experience

By Diana Sala Coming from Latin America in a plane to Spain, I talked to the person sitting next to me. He turned out to be a temporary worker for the agricultural industry in Spain. Wondering about the type of visa he could hold as a temporary worker in… »

20.06.2013

The Universal Human Nation as the only future that opens possibilities

The Universal Human Nation as the only future that opens possibilities

Presentation by Dr. Guillermo Sullings, Argentine economist and author of the book Beyond Capitalism, Mixed Economics Panel: “Turning a crisis into an opportunity: Humanising the Economy“, at the Deutsche Welle Global Media Forum, Organised by Pressenza, International Press Agency ”We live in a time of crisis. A world in crisis:… »

13.06.2013

The G8 Summit, lemmings and ostriches

The G8 Summit, lemmings and ostriches

Neither ostriches bury their heads in the sand nor lemmings commit mass suicide, these are popular myths now disproven. But humans do both and nothing like the G8 Summit to exemplify such behaviours. As usual, the G8 will gather shortly after the meeting of the Bilderberg Club, to rubber stamp… »

07.06.2013

The economic Para-State in its yearly show of strength. Bilderberg comes to Watford, UK

The economic Para-State in its yearly show of strength. Bilderberg comes to Watford, UK

It may sound like a joke as Watford is not a very glamorous place. But the meeting is taking place in a expensive countryside manor house/hotel, with all the luxury its rich and powerful members are accustomed to. They do this every year, and every year the conspiracy theorists come… »

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