crisis of capitalism

Pakistan stock market soars on terror wave

Over the past year of growing violence and chaos in Pakistan, the Karachi Stock Exchange has surged more than 44%, placing it among the world's top-performing stock markets according to Bloomberg. (NYT, Oct. 3) On Sept. 29, a bomb placed in a Peshawar marketplace killed more than 40 and injured over 100. (BBC News, Oct. 1) On Oct. 3, Taliban militiants attacked the headquarters of local chieftain Nabi Hanafi Karwan in Spin Thall, Bulandkhel district, Orakzai agency, Federally Administered Tribal Areas. A car bomb and suicide attacker overwhelmed the guards, and gunmen followed, killing 17. Nabi Hanfi has been leading an anti-Taliban militia. (The News, Pakistan, Oct. 4; AP, Oct. 3) 

Arab Revolution hits Sudan

Street clashes continued in the Sudanese capital Khartoum for a second day Sept. 26 after massive protests broke out over the regime's move to cut fuel subsidies. At least 30 have been killed, and protestors have taken up the slogans of the Arab Revolutions, "Freedom, Freedom!" and "The people want the fall of the regime!" The regime has suspended Internet access for 48 hours in a bid to head off new demonstrations that have been called for after Friday prayers. Authorities say that police are among the dead, and that armed militants from the Sudan Revolutionary Front (SRF) are infiltrating and inciting the protests. Opposition figures, in turn, accuse agents of the National Intelligence and Security Services (NISS) of being behind arson attacks on government buildings and public buses. (Sudan Tribune, Sept. 26; BBC News, Sept. 25)

Did climate change spark Syria crisis?

We've noted before that numerous experts have linked the Darfur conflict to climate change, but now a less obvious climate connection to the Syria crisis is persuasively argued by Peter Sinclair of the blog Climate Denial Crock of the Week. As the name suggests, it is generally dedicated to shooting down climate change denialism, but in this Sept. 5 entry he attempts to trace the Syrian explosion—indeed, the entire Arab Revolution—to an atmospheric phenomenon. Sinclair reminds us that in the summer before the wave of revolution swept through Tunisia, Egypt, Libya, Yemen, Bahrain, Syria and beyond, Russia experienced a "1,000-year heat wave" (Bloomberg, Aug. 9, 2010) that shrivelled its crops and prompted Moscow to halt wheat exports (Washington Post, Aug. 6, 2010).

Turkey: protest movement gets another martyr

Ahmet Ataka, a 22-year-old protester, died Sept. 10 two days after being wounded in a clash with police in Antakya (Antioch), provincial capital of Turkey's Hatay province. The march was called to show solidarity with students and local residents in Ankara protesting the construction of a road through the Middle Eastern Technical University (ODTÜ) campus, which would destroy a green area—a reprise to June's massive protests sparked by plans to bulldoze Gezi Park in Istanbul's Taksim Square. Authorities are maintianing that Ataka suffered a head injury when he fell from a building, and that police were not involved. Protesters contest this, and say he was hit in the head with a tear-gas cannister. (BIANet, Setp. 10: Doğan News Agency, Sept. 8)

Brazil: 300 arrested in new round of protests

Some 300 people were arrested and 35 injured when thousands of Brazilians held protests in more than 150 cities on Sept. 7, Brazil's Independence Day. As in massive demonstrations that broke out in June, the protesters on Sept. 7 demanded improvements in healthcare, education and other public services and opposed the large expenditure of government funds to build sports stadiums for the 2014 World Cup soccer championship and the 2016 Olympic Games. The new actions were reportedly much smaller and more violent than the earlier demonstrations.

Colombia: strikes halt US coal giant Drummond

Indefinite strikes brought coal mining operations of Alabama-based multinational Drummond Co to a halt on July 23 in the north of Colombia, putting further pressure on the country's economy amid a growing wave of labor actions. After negotiations failed between the Sintramienergetica union and Drummond over wage increases, union workers declared an indefinite end to operations. The strike threatens a halt to nearly all production in the world's fourth coal-producing nation. Two companies, Drummond and Cerrejon, account for 85% of Colombia's coal industry. If Cerrejon, whose union went on strike earlier this year, also declares a halt to operations, Colombia's GDP growth could fall significantly. President Juan Manuel Santos has said the strikes could "damage the entire world," and that "no one wins because every day that passes [there are] forgone royalties and foregone incomes that for the most part go to social investment." (Colombia Reports, July 24)

Brazil: unions respond to protests with general strike

Tens of thousands of Brazilian workers participated in a one-day general strike in 20 or more cities on July 11, with strikers holding generally peaceful rallies and marches that blocked highways and bridges at dozens of points throughout the country. The strikers' demands included the reduction of the work week from 44 to 40 hours; a speeding up of the agrarian reform program; greater public funding for health and education; control of inflation; and changes in economic policy. The action, the National Day of Struggles, was called by the six main labor confederations, including the Unified Workers Central (CUT), which is affiliated with the center-left Workers Party (PT) of President Dilma Rousseff. The Landless Rural Workers Movement (MST) and the National Students Union (UNE) backed the strike. 

Occupy Tel Aviv —again

More than 3,000 marched in Tel Aviv July 13 for a rally marking the two-year anniversary of the mass movement against inequality which saw major demonstrations in the summer of 2011. Protesters marched from Habima Square to Kaplan Street, the heart of Israel's administrative center, chanting against the economic policies of Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid. Chants and banners also opposed tax hikes, and Israel's new gas export plan. Some slogans compared Netanyahu to Egypt's recently ousted President Mohammed Morsi, calling for "revolution" and declaring that "the rule of capital is criminal." Protesters blocked  traffic on Ayalon freeway, Tel Aviv's main thoroughfare, until they were dispersed by police at around 1 AM. A few remained, however, setting up encampments in front of the Kiriya, the central government complex, and Ministry of Defense headquarters. (Times of Israel, Ha'aretz, July 13)

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