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Created
Wed, 01/02/2023 - 12:07
Right-wing unions help regime kill motion With the help of right-run unions, the Labour party’s right-wing regime has defeated a motion brought in support of striking workers, fair treatment for working people, support for the poor and vulnerable and to repeal the Tories’ new anti-worker law. The motion read: Strikes (Composited Motion) Leyton & Wanstead, […]
Created
Wed, 01/02/2023 - 12:01

I’ve worked as an English teacher at a second-ary school in London for the past eighteen years. The job has changed immensely in that time. The workload has increased year on year. Schools are responding to pressure from Ofsted and an accountability agenda, which, in practice, means asking educators to do bureaucratic tasks, taking them […]

Created
Wed, 01/02/2023 - 10:30
Here he goes again: Donald Trump’s presidency was filled with low points, but his 2018 summit with Russia’s Vladimir Putin in Helsinki stood out as especially indefensible. After a private meeting with the autocratic leader, in which the American president took interpreters’ notes for reasons that were never explained, the Republican held a disastrous press conference in which Trump defended an American adversary, took cheap shots at his own country, and sided with Putin over the judgment of American intelligence professionals. Soon after, The New York Times reported that U.S. intelligence officials “were unanimous in saying that they and their colleagues were aghast at how Mr. Trump had handled himself with Mr.
Created
Wed, 01/02/2023 - 10:19
ECB President Christine Lagarde lets the cat out of the bag.
“As the sole issuer of euro-denominated central bank money, the Eurosystem will always be able to generate additional liquidity as needed,” Lagarde said in response to a question by an Italian member of the European Parliament.

“So, by the definition, it will neither go bankrupt nor run out of money. In addition to that, any financial losses, should they occur, would not impair our ability to seek and maintain price stability....
Alan Greenspan testified to a congressional committee about the Fed's ability to do this, adding that the issue was availability of real resources rather than affordability…

Some people still don't get it. They can't get beyond the idea of money being a"thing" and can't fathom the concept of money as entries on a spreadsheet, now a digital spreadsheet and created merely by stroking a keyboard.

Reuters