Monthly Archives: June 2013

Debt crunch intensifies China’s crisis

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World financial markets have been rocked again in recent days. First came the US Fed’s announcement last Wednesday (19 June) that it could start to unwind its cheap credit policy of ‘quantitative easing’ by year-end. The following day financial markets were stunned as a liquidity crisis gripped China’s state-owned banking system, with major banks all but refusing to lend to each other. This ‘credit crunch’ reflects growing fears over the unsustainable surge in debt levels across the Chinese economy, and its growing reliance on the opaque and unregulated shadow banking sector.

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LGBTQ liberation in the US – more than putting a ring on it

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Forty-four years ago at a gay bar in New York City’s Greenwich Village, a group of transsexuals, cross-dressers, drag queens, lesbians, and gay men fought back against their constant persecution by the New York Police Department and inadvertently started the modern fight for gay liberation. They would not believe the progress that queer people have made in the last 44 years!

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Bag men for the banks

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The one section of the the establishment which has so far escaped scot-free are the auditing firms, in particular the “Big 4”, KPMG, PWC, Ernst & Young and Deloitte. These firms gave a clean bill of health to the banks as late as 2008.

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A breach of trust – children’s needs before profits

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The nation watched in horror as the shocking truth about what happens behind closed doors at our privately owned crèches unfolded on Prime Time. Disturbing images of children being mistreated have enraged parents up and down the country, and all for some of the highest child care costs in Europe.

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Report from Turkey

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The brutal invasion of Gezi Park by police on the night of June 15th, the eighteenth day of its occupation, will be remembered as a significant event in the growth of resistance to the authoritarian rule of Tayyip Erdogan’s AKP Government. Erdogan sent in the police to demonstrate to his opponents – and his supporters alike – that he was ...

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