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There have been penalties for those who looked the other way when Epstein was convicted of child sex offences and decided to maintain relationships with the financier — but not for the British ambassador to Washington, reveals SOLOMON HUGHES
Where is the US economy headed?
Trump's populist promises for national economic recovery ‘by us, for us’ is about to crash onto the rocks of reality, writes ZOLTAN ZIGGEDY
Labour’s new Treasury unit will ‘challenge unnecessary regulation’ by forcing nominally independent bodies like Ofwat to bend to business demands — exactly what Iain Anderson’s corporate clients wanted, writes SOLOMON HUGHES
DR DYLAN MURPHY looks at a Big Brother Watch report which exposes the government as an enabler of DWP secret spying on benefit claimants
The EU faces a critical choice: will it remain in the shadow of an increasingly unreliable US ally, or will it forge its own path in a multilateral world where co-operation with China is essential, asks MARC VANDEPITTE as leaders meet for the EU-China Summit
A lot of discussion about how the left should currently organise – including debate on whether the Green Party is a useful vehicle for advance – runs the risk of refusing to engage with or learn from the reasons the left was defeated previously, argues KEVIN OVENDEN
For Egypt trade trumps the Israeli genocide of the Palestinians, but how long can the country’s ‘misleaders’ – and others in the region – continue their indifference against the popular will of their own people, asks ROGER McKENZIE
HEADLINES such as “World stocks fall to two-year low” that appeared in the Wall Street Journal recently have many wondering if the tepid recovery from the 2007-8 crash is finished.
Since midsummer, the Shenzhen Composite, FTSE 100, Stoxx Europe 600 and other benchmark exchanges have steadily declined, with the US Standard and Poor’s joining them over the last few weeks.
As author Akane Otani notes, “After a punishing October, major indices in Europe, Japan, Shanghai, Hong Kong, Argentina and Canada are languishing in correction territory — a drop of at least 10 per cent from a recent high. The US is teetering on the edge of joining its peers …”
Like gross domestic product (GDP) and the unemployment rate, composite equity performance is a limited measuring stick of the economy’s health, though it is favoured by popular mainstream pundits and celebrity economists. As such, all three become the grist for the bourgeois political mill. Invariably, they soon obscure more than they enlighten.
So what do the markets tell us?
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The prospect of the Democratic Socialists of America member’s victory in the mayoral race has terrified billionaires and outraged the centrist liberal Establishment by showing that listening to voters about class issues works, writes ZOLTAN ZIGEDY
In 2024, 19 households grew richer by $1 trillion while 66 million households shared 3 per cent of wealth in the US, validating Marx’s prediction that capitalism ‘establishes an accumulation of misery corresponding with accumulation of capital,’ writes ZOLTAN ZIGEDY
The transformation of a stable secular state into a fractured ruin largely ruled by Western-backed fundamentalists exposes the hollow nature of ‘multipolarity’ and the absence of principled anti-imperialism today, writes ZOLTAN ZIGEDY
ZOLTAN ZIGEDY reflects on the lessons from two books looking at the US labour movement and the recent history of spontaneous mass uprisings – and finds two pernicious ideologies working against the interests of the people
