US war on Iran drives up cost of living in Sri Lanka as government prepares new taxes
IMF austerity attacks, compounded by the war burden, are hitting already impoverished workers and the poor.
K. Ratnayake•
Australian central bank hikes rates again as stagflation threat grows
The hikes for this year so far total three quarters of a percent with more rises threatened in the future, taking hundreds of dollars a month from the disposable income of households battling to pay off mortgages.
Nick Beams•
Wall Street prepares to pick the bones clean
Spirit workers lose paychecks and benefits as executives seek $10.7 million in “retention” bonuses
The collapse of Spirit has priced millions of working class travelers out of air travel overnight—and it is only the first casualty of the fuel crisis triggered by the US-Israeli war on Iran.
Tom Hall•
Spirit Airlines collapses: 17,000 workers pay for Wall Street’s war on Iran
The government’s decision not to rescue Spirit, on the absurd grounds that they did not “have half a billion dollars laying around,” is deliberate class policy aimed at making the working class pay for the war.
Tom Hall•
our correspondents•
Robert Stevens•
Martin Scott•
Max Boddy, Oscar Grenfell•
Kate Randall•
Featured Analysis
May Day 2022: Finance capital and the deepening crisis of global capitalism
This is the report delivered by Nick Beams to the 2022 International May Day Online Rally held on May 1. Beams is a longstanding leader of the International Committee of the Fourth International and an expert on Marxist economics.
Nick Beams•
Queen Elizabeth II’s Platinum Jubilee: The end of the “New Elizabethan Age”
Her carefully cultivated public persona has allowed Elizabeth II to be deployed at times of heightened national crisis as an illusory but politically necessary embodiment of stability and permanence.
Thomas Scripps•
The Uvalde massacre and the pathological violence of American life
The scale of the horror and the depth of the public reaction suggest that something of a “tipping point” has been reached.
David Walsh•
The US baby formula crisis and capitalism’s indifference to the lives of children
In the wealthiest country in the world, store shelves are empty and millions of families are now facing a desperate struggle to find essential nutrition products for their babies and toddlers.
Kevin Reed•
Jacob Crosse•
Eric London•
Joseph Scalice•
Niles Niemuth•
Eric London•
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