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No end in sight to conflict over parades

Fierce rioting took place in several areas of Belfast and Newtownabbey over the 12th weekend. The rioting began when the PSNI enforced a Parades Commission ruling that an Orange Order parade should not be allowed to pass the Ardoyne shops on its return from the main 12th demonstration.

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US: Zimmerman acquitted – the racist system is guilty!

How many more Trayvons will be killed and how many more Zimmermans will walk free before something is done? A black man is killed every 28 hours in the U.S. by a cop or a vigilante. One thing is certain beyond a shadow of a doubt, we can have no faith in the courts or the American justice system as a whole. Only we have to power to change anything.

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Debt crunch intensifies China’s crisis

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.