Tag Archives: inflation

‘Autocratic Rule’ of Erdogan Cracks as Secular Left Wins Big in Turkey Elections

“You opened the door to the rise of democracy, equality, and freedom,” Istanbul Mayor Ekrem Imamoğlu said following his re-election. “You ignited hope at the ballot box.”

By Brett Wilkins Published 4-1-2024 by Common Dreams

Turkish President Recep Tayyip Erdoğan’s Justice and Development Party suffered its worst-ever defeat Sunday when the country’s main opposition party scored major wins in municipal elections, including in all five of the nation’s largest cities.

With nearly all ballots counted, candidates for the center-left Republican People’s Party (CHP) emerged victorious in Istanbul, the capital Ankara, İzmir, Bursa, Adana, and other cities and towns. Turkish media reported CHP victories in 36 of the country’s 81 provinces. The right-wing Justice and Development Party (AKP) performed best in the largely rural Anatolian interior.

Continue reading →

FTC and State AGs Sue to Block Kroger-Albertsons ‘Mega Merger’

Leave a reply

“By suing to block the Kroger-Albertsons merger, the FTC is keeping grocery bills down and workers in their jobs,” said one anti-monopoly campaigner.

By Jake Johnson. Published 2-26-2024 by Common Dreams

*The Federal Trade Commission Building, Washington, DC. Photo: Adam Fagen/flickr/CC*

The Federal Trade Commission and a bipartisan group of state attorneys general joined forces Monday on a lawsuit aimed at blocking the supermarket giant Kroger from buying up the Albertsons grocery chain, warning the merger would hamper competition, further drive up food prices, and harm workers.

If completed, the $24.6 billion deal would mark the largest supermarket merger in U.S. history at a time when grocery chains are facing growing scrutiny for driving up prices to pad their bottom lines. A Kroger-Albertsons grocery behemoth would control more than 5,000 stores and 4,000 retail pharmacies across the country, according to the FTC.

Continue reading →

Bombings Kill Dozens in Pakistan on Eve of Contentious Elections

Leave a reply

As Pakistanis prepare to head to the polls with the country’s most popular politician behind bars on dubious charges, human rights groups sounded the alarm on a wide range of election-related repression.

By Brett Wilkins. Published 2-7-2024 by Common Dreams

Dozens of Pakistanis were killed Wednesday in two bombings targeting political offices on the eve of highly contentious parliamentary elections from which the country’s most popular leader—who is jailed on what critics say are politically motivated charges—is banned.

The blasts both occurred in the southwestern province of Balochistan, homeland of the nomadic Baloch people, who also inhabit a large swath of southeastern Iran and southern Afghanistan. Government officials said the first bombing, which targeted independent candidate Asfandyar Khan’s office in the Pashin district, killed 18 people. A second blast approximately 80 miles away then killed at least 12 people at the Qilla Saifullah office of the Sunni fundamentalist Jamiat Ulema Islam party, which has close ties to the Taliban in Afghanistan.

Continue reading →

Analysis Shows How Corporate Profits Drive Inflation—Even as Business Costs Go Down

Leave a reply

“It’s one thing for corporations to pass reasonable increased costs to consumers,” said one analyst. “It’s another for them to line their coffers by exploiting Americans who are just trying to get by.”

By Julia Conley. Published 1-18-2024 by Common Dreams

Inflation has eased over the last two years, and with supply chains no longer struggling to keep up with demand and companies’ business costs stabilizing, an analysis out Thursday asks: Why haven’t American households seen the benefits of a more secure economy, with the prices of consumer goods and services falling?

The answer, said economic justice think tank Groundwork Collaborative, is that high prices linked to the coronavirus pandemic were never just the result of higher labor and production costs—but were partially caused by corporations’ deliberate price gouging.

Continue reading →

‘Unacceptable’: US Homelessness Hits Record High

Leave a reply

“Without significant and sustained federal investments to make housing affordable for people with the lowest incomes, the affordable housing and homelessness crises in this country will only continue to worsen,” warned one campaigner.

By Jessica Corbett. Published 12-15-2023 by Common Dreams

*A homeless encampment in Minneapolis January 2023 Screenshot: KARE*

The number of people in shelters, temporary housing, and unsheltered settings across the United States set a new record this year, “largely due to a sharp rise in the number of people who became homeless for the first time.”

That’s a key takeaway from an annual report released Friday by the U.S. Department of Housing and Urban Development (HUD).

Continue reading →

Far-Right Climate Denier Javier Milei Wins Argentina Presidential Runoff

Leave a reply

“No one so extremist on economic issues has been elected president of a South American country,” said U.S. economist Mark Weisbrot.

By Brett Wilkins. Published 11-19-2023 by Common Dreams

*Javier Milei. Photo: Vox España/flickr/CC*

Javier Milei—a far-right admirer of former U.S. President Donald Trump who says that climate change is a “socialist lie” and who pledged to take a “chainsaw” to social programs—will be Argentina’s next president after winning a decisive victory in Sunday’s presidential runoff.

Sergio Massa, Argentina’s Peronist economy minister, conceded defeat Sunday evening to the 53-year-old Milei, a radical libertarian economist often called the “Trump of Argentina” who will take office amid a looming recession, triple-digit inflation, and a nearly 40% poverty rate in Latin America’s third-largest economy.

Continue reading →

Turkey’s Marginalized ‘Deeply Afraid’ as Erdoğan Wins Presidential Runoff

Leave a reply

“Erdoğan’s victory will consolidate one-man rule and pave the way for horrible practices, bringing completely dark days for all parts of society,” warned one Kurdish opposition leader.

By Brett Wilkins. Published 5-29-2023 by Common Dreams

Turkish President Tayyip Erdogan. (Photo: public domain)

As supporters of Turkish President Recep Tayyip Erdoğan at home and abroad celebrated his win of Sunday’s runoff election, human rights defenders and marginalized people including Kurds and LGBTQ+ activists voiced deep fears about how their lives will be adversely affected during the increasingly authoritarian leader’s third term.

Turkey’s Supreme Election Council confirmed Erdoğan’s victory over Kemal Kılıçdaroğlu on Sunday evening. Erdoğan, the 69-year-old leader of the right-wing Justice and Development Party who has ruled the nation of 85 million people since 2014 and dominated its politics for two decades, won 52.18% of the vote. Kılıçdaroğlu, a 74-year-old social democrat who leads the left-of-center Republican People’s Party, received 47.82%.

Continue reading →

Extra SNAP benefits are ending as US lawmakers resume battle over program that helps low-income Americans buy food

Leave a reply

*For some Americans, the decline will be quite sharp.*
*Michael Loccisano/Getty Images*

Tracy Roof, University of Richmond

Millions of Americans will find it harder to put enough food on the table starting in March 2023, after a COVID-19 pandemic-era boost to Supplemental Nutrition Assistance Program benefits comes to an end. Congress mandated this change in budget legislation it passed in late December 2022.

Roughly 41 million Americans are currently enrolled in this program, which the government has long used to ease hunger while boosting the economy during downturns.

Many families enrolled in the program, commonly known as SNAP but sometimes called food stamps, stand to lose an average of roughly US$90 per person a month. Continue reading →

Protests in China are not rare – but the current unrest is significant

Leave a reply

*Protesters march along a street in Beijing on Nov. 28, 2022.*
*Noel Celis/AFP via Getty Images*

Teresa Wright, California State University, Long Beach

Street protests across China have evoked memories of the Tiananmen Square demonstrations that were brutally quashed in 1989. Indeed, foreign media have suggested the current unrest sweeping cities across China is unlike anything seen in the country since that time.

The implication is that protest in China is a rarity. Meanwhile, the Nov. 30, 2022, death of Jiang Zemin – the leader brought in after the bloody crackdown of 1989 – gives further reason to reflect on how China has changed since the Tiananmen Square massacre, and how Communist party leaders might react to unrest now. Continue reading →

US Unemployment System ‘Wholly Unprepared’ as Fed Risks Throwing Millions Out of Work

Leave a reply

“If another wave of job losses does indeed hit, the unemployment safety net isn’t ready to cushion the blow without significant improvements,” warns the co-author of a new study.

By Jake Johnson Published 11-1-2022 by Common Dreams

People’s Unemployment Line protest in Philadelphia, 2020. Photo: Joe Piette/flickr/CC

With the Federal Reserve poised to induce mass layoffs in its ongoing campaign to curb inflation, a study published Tuesday warns the notoriously fragmented U.S. unemployment system is nowhere near ready to handle another surge in jobless claims, potentially spelling disaster for the millions of people who could be thrown out of work next year.

Authored by Andrew Stettner and Laura Valle Gutierrez of The Century Foundation (TCF), the new analysis notes that “the share of jobless workers actually receiving UI benefits has shrunk dramatically” since federal benefit increases expired last year. According to TCF, just 26.8% of jobless workers were receiving state unemployment benefits in the 12 months that ended in August 2022, a sharp decline from the 76% rate through early 2021. Continue reading →

Occupy World Writes

The Movement Continues – Globally

Tag Archives: inflation

Far-Right Climate Denier Javier Milei Wins Argentina Presidential Runoff

“No one so extremist on economic issues has been elected president of a South American country,” said U.S. economist Mark Weisbrot.

Turkey’s Marginalized ‘Deeply Afraid’ as Erdoğan Wins Presidential Runoff

“Erdoğan’s victory will consolidate one-man rule and pave the way for horrible practices, bringing completely dark days for all parts of society,” warned one Kurdish opposition leader.