Economy

What do Jack O’Connor, ‘garda sources’ and Sunday Independent journalists have in common? - Sowing The Fear and Spinning The Lies

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On Saturday last (24th November), approximately 15,000 people marched through Dublin to demand an end to austerity.  It was a lively and vociferous march that seemed to herald a renewed sense of militancy among those attending. This militancy was most evident when Eugene McGlone, president of the Irish Congress of Trade Unions, was roundly booed when he rose to speak.  Despite attempts to claim that this booing was orchestrated by Sinn Fein and the ULA, it was clear that a great many of those booing were doing so spontaneously and were expressing their frustration at the lack of action by the trade union leadership in terms of organising a real fightback over the past few years.

Build the boycott of the Property Tax - Join the protest on 24th November

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On Saturday 24th November, thousands of people will march from Parnell Square to the GPO in Dublin behind the slogan “Boycott The Property Tax.  Fight Austerity”.  This protest, jointly organised by the Dublin Council of Trade Unions, the Campaign Against Household and Water Taxes, Communities Against Cuts and the Spectacle of Defiance and Hope, will give people the opportunity to show their opposition to the introduction of the property tax and the further entrenchment of the austerity agenda which will come in the budget on 5th December.

London Anarchist Bookfair 2012 – Anarchist Economics Lecture Review

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The London Anarchist bookfair is the biggest event on the UK anarchist calendar and this year was the first time I was able to go. Getting to the Mary's University venue in East London was a bit of an adventure and made more difficult with the underground being partially closed. Although I missed the lifestyle anarchism lecture earlier in the day, I did get to the other main talk that piqued my interest – the two hour Anarchist Economics lecture in the Mason Lecture Theatre with the speakers posted as “David Graeber, Michael Albert and others”.

Facebook destroys page & event effectiveness for advertising gain - make it a utility owned by the people

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Over the last few months changes made by Facebook have greatly reduced the effectiveness of Events and Pages because it has become much less likely that someone following a page will see posts made by that page. According to Facebook on average only 12% of followers will see a given post. In 2011 Facebook did the same to events, multiple changes in the way events work saw response rates to event invitations decline from around 80% of those invited responding to this figure often being less than 20%.

Plan B is no alternative - time for an anti-capitalist Plan C

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We are publishing the following interview with David Harvie of the new English group "Plan C" carried out by Shift Magazine earlier this year. This interview has since been republished on Plan C's new website (www.weareplanc.org) launched this week. But we thought that although the interview is specifically addressed at political actors in England and the UK, the arguments over Austerity (Plan A) and a possible "New New Deal" or neo-Keynesian "Plan B" are also relevant to Ireland, where today organisations like Claiming Our Future are campaigning to build support for an Irish Plan B. We think the following is a useful contribution to that debate. Reprinted with permission from David Harvie.

Stormont rubber stamps Welfare Reform Bill

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Anyone with any illusions in Stormont as a 'progressive' alternative to Tory cuts from Westminster should take note after yesterday’s passing of the devastating Welfare reform bill.  The motion which will impact on thousands in NI and affect disability living allowance, housing benefit and employment support was passed in the second stage by 60 votes to 42. This biggest shakeup of the 'welfare' since 1945 has already been passed in Scotland and Wales and will bring in a single, Universal Credit to replace six income-related, work-based benefits.

Nordic Front reawakens Eurogeddon Beast - Euro crisis returns

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The rain is pouring, Summer's over and the Eurozone crisis is back from his hols. Timed nicely to coincide with the brutal Spanish riot police attack on the indignados protest outside the Madrid parliament, yesterday's statement by the remaining triple-AAA rated "Nordic Front" of Germany, Finland and the Netherlands, has put the cat back amongst the pigeons.

Where next for Occupy Belfast as they occupy second building?

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On the anniversary of the Wall Street occupation which sparked a global movement and captured media attention, Occupy Belfast acquired a second building.  A statement released on the groups Facebook page reads ‘members of the Occupy Belfast Movement took a step towards expanding the movement’s reach by taking control of a multi-unit residential property in an undisclosed location in Belfast.

FG Wilson axes 760 jobs while doubling its profits

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The major job losses will affect Belfast and Larne which is already struggling with decades of under-investment and high employment.  FG Wilson has received a staggering 12 million in various state handouts via the quango Invest NI, and last year doubled its pre-tax profits to £7.8m. Caterpillar’s share price rose by 1.2% after the announcement on Thursday. According to one inside source who spoke to the Belfast Telegraph ‘That 1.2% rise would have kept the people they were going to sack in a job,” (1)

1,600 billion - Massive scale of oil giveaway revealed in Shell to Sea report

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 €1,600 billion.  That is the figure for Irish Oil & Gas reserves already licensed revealed this morning in a detailed report from Shell to Sea using the energy corporations own reports and estimates.  People in Ireland will see almost no benefits from this incredible wealth because the Irish state gives these reserves to the corporations at the cheapest terms in the world.

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