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Alternative Visions – US ‘Labor Fightback Network’ Organizing Conference (May 15-17) – 04.11.15

Jack Rasmus interviews long time union representative, Jerry Gordon, and co-organizer of the upcoming Labor Fightback Network conference, to be held May 15-17, at Rutgers, New Brunswick, New Jersey. (For information on the conference, go to:  www.laborfightback.org/conference/  Gordon explains the objectives of the conference, where leading local union and community leaders from across the country are gathering to develop a …

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China’s Bank & Waning USA Hegemony, by Jack Rasmus

Two events occurred last week that mark a further phase in the waning of US global economic hegemony: China introduced its own Economic Development Bank, the ‘Asian Infrastructure Investment Bank’ (AIIB); the IMF simultaneously announced it will decide in May to include the Chinese currency as a global reserve-trading currency alongside the dollar, pound, and euro—an almost certainly ‘done deal’ as well.

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TPP Trade Negotiations At Critical Juncture – By Jack Rasmus

Passage of the “Trans Pacific Partnership” (TPP) free trade agreement between the USA and 11 other pacific rim countries has been the number one economic priority of both political parties in the USA since last November 2014’s national Congressional elections. Concluding a TPP deal in 2015 is right up there — along with across the board corporate tax rate cuts …

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The Greek Debt Interim Agreement: Necessary Step or Sell-Out?

By Jack Rasmus –

Last Friday, February 20, Greece’s Syriza government agreed to a four month extension of the current debt package that has been in effect since Greece’s last debt renegotiation in 2012, thus agreeing to the main demand of the Troika that it do so as a condition for further negotiations. Some have read this as a ‘sell-out’ by Syriza of its election promises to reject the austerity measures the Troika established in 2010 and 2012, which have kept Greece in a condition of perpetual economic depression for the past half decade. By agreeing to continue current debt arrangements for another four months, critics say Syriza has also reneged on its promise to reject the Troika’s previous debt deal. The same critics argue that Syriza should have simply declared ‘no’ to extending both the current debt package and related austerity measures by the February 28 expiration date. And if the Troika didn’t like it, so be it; Greece should just leave the Euro currency zone.