Capitalism

28/10/20
Author: 
Chris Varcoe
The Bow building headquarters for Cenovus Energy was photographed on Sunday, October 25, 2020. Cenovus Energy is buying Husky Energy for $23.6 billion the companies said in a joint announcement on Sunday. PHOTO BY GAVIN YOUNG/POSTMEDIA

Oct 26, 2020 

A new wave of oilpatch consolidation has been widely expected since oil prices cratered this spring, undercutting share prices and piling debt onto Canadian petroleum producers.

Some smaller deals have unfolded this fall, but Cenovus Energy’s mammoth $3.8-billion acquisition of integrated producer Husky Energy on Sunday lit the fuse on the biggest corporate takeover in Canada’s oilpatch in several years.

And there will likely be more deals to come.

20/10/20
Author: 
Edited by Stephen Maher and Rafael Khachaturian. Essays by Seth Adler, Eric Blanc, Alleen Brown, Jane McAlevey, April M. Short, Jane Slaughter, Ingar Solty, and others.

October 18, 2020

20/10/20
Author: 
Tim Kennelly

Oct. 20, 2020

British Columbia is at the confluence of several crises: the COVID-19 pandemic and resulting economic downturn; the ongoing housing, homelessness, and drug overdose crises; the climate and ecological crises; and the crisis of colonialism for indigenous peoples, which has been ongoing since the beginnings of settler society.

 

British Columbia is also in the throes of an election campaign. The election pits the BC NDP led by Premier John Horgan, against the BC Liberals led by Andrew Wilkinson, and the BC Green Party led by Sonia Furstenau.

 

18/10/20
Author: 
Alan Macleod, Mintpress News
Design using photo: A demonstrator holds a banner against International Monetary Fund during a protest in Quito, Ecuador, May 18, 2020. Dolores Ochoa. Editing by MintPress News.

October 16, 2020

[Editor: Looks like Naomi Klein's 'Shock Doctrine' at work.]

76 Of The 91 Loans The IMF Has Negotiated Since The Beginning Of The Coronavirus Pandemic Come Attached With Demands For Deep Cuts To Public Services And Policies That Benefit Corporations Over People.

The enormous economic dislocation caused by the COVID-19 pandemic offers a unique opportunity to fundamentally alter the structure of society, and the International Monetary Fund (IMF) i[s] using the crisis to implement near-permanent austerity measures across the world.

18/10/20
Author: 
Paris Marx
California Wildfire

A new report shows that the world's top 1% is responsible for double the emissions of the entire bottom half of the planet. The conclusion is clear – to fight climate change, we have to fight the ruling class.

15/10/20
Author: 
Gabriel Rockhill
man with pig's head signalling 'shhh" Art by Nick Roney

OCTOBER 14, 2020

“The intellectuals cast a veil over the dictatorial character of bourgeois democracy not least by presenting democracy as the absolute opposite of fascism, not as just another natural phase of it where the bourgeois dictatorship is revealed in a more open form.”

– Bertolt Brecht

12/10/20
Author: 
BofASecurities

For the future of the world’s economies and the people who live in them, climate change can no longer be ignored—and investors may have a role to play.

 

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