UN Secretary General Antonio Guterres warned today about the serious consequences of a cut in the financial aid from the United Nations Relief and Works Agency for Palestinian Refugees in the Near East (UNRWA). Continue reading
Pope Francis on Sunday called on all those nations that receive a large influx of immigrants and refugees to maintain a cordial and hospitable treatment for those who are arriving in their countries.
During the fourth annual edition of the World Day of Migrants ceremony in the Vatican, the Supreme Pontiff stressed that local citizens should consider that those who emigrate, come to their nations with the premise of a better future and also with the fear of being rejected and of failure.
Fifty percent of the world’s wealth is controlled by the wealthy 1 percent, according to a new Global Wealth report which sheds light on the stunning wealth inequality.
The annual report published by Credit Suisse states the wealth gap has widened since the 2008 financial crisis in the U.S. According to the report, the world’s wealthiest people held 42.5 percent of the global wealth at the height of the 2008 financial crisis, compared to the 50.1 percent in 2017.
“The share of the top 1 percent has been on an upward path ever since [the crisis], passing the 2000 level in 2013 and achieving new peaks every year thereafter,” the annual report said. Adding, “global wealth inequality has certainly been high and rising in the post-crisis period.”
“This report highlights the huge gulf between the haves and the have-nots—the world’s richest one percent own more than everyone else combined while the poorest half of the population share less than a penny of every pound of wealth,” Katy Chakrabortty, head of advocacy for Oxfam, said in a statement.
All the classes that pay taxes are to a large extent dependent on the resources under the control of white monopoly capital. Even the ability of workers to pay taxes depends on the employment they get largely from white monopoly capital.
Employees of the state derive their salaries from state taxes and state borrowing, which ultimately spring from the resources under white monopoly.
Therefore, not only is the state objectively owned and controlled by white monopoly capital, but largely the whole of society is under white monopoly capitalist control. Ideologically, white monopoly capitalists have even started a campaign in which their very existence and relevance is denied.
Defenders of white monopoly capital claim that because many of the companies that dominate the economy are partly owned by pension funds of black workers, white monopoly and control is a fiction.
What these apologists of white domination conveniently forget is that even under apartheid, the pension funds of black workers were used to finance white monopoly capital. Yet it could not be said that black workers owned and controlled the apartheid economy. Indeed, on paper, pension funds are owned largely by workers.
In fact, the control of these funds is monopolised by white-owned asset managers, who have positioned themselves, on the basis of these funds, as “investors”. The wealth of black workers is in the hands of white monopoly capital.
A Mexican mother of four who moved into a Denver church three months ago to dodge deportation left her sanctuary on Friday to chants of “If we fight, we win” after immigration authorities promised she could remain in the United States for two years.
War and famine have forced more than 2 million children in South Sudan to flee their homes, the United Nations said on Monday, as 21 people died in the latest attack on civilians by unknown gunmen.
The Trump administration is willing to have direct negotiations with North Korea if Pyongyang purses giving up its nuclear weapons, according to Secretary of State Rex Tillerson.
“Our approach to North Korea is to have them change their posture towards any future talks,” Tillerson said in an interview with NPR aired Friday. “We do not seek a collapse of the regime. We do not seek an accelerated reunification of the peninsula. We seek a denuclearized Korean peninsula.”
“North Korea has to decide they’re ready to talk to us about the right agenda — and the right agenda is not simply stopping where they are for a few more months or a few more years and then resuming things. That’s been the agenda for the last 20 years,” Tillerson said.