Economics

GM to close five plants in US and Canada, slash 14,700 jobs

November 27, 2018 UNAC Editor Labor, Labor Struggles, Trade Wars

Photo: Workers leaving the Detroit-Hamtramck plant before the elimination of the second shift in March 2017 by Jerry White, from the World Socialist Website, November 27, 2018 General Motors officials announced yesterday that the Detroit-based automaker will close five plants in the US and Canada in 2019 and another two, still unspecified, plants outside of North America. The elimination of[…]

UNGA Overwhelmingly Votes Against Cuba Blockade, All US Amendments Defeated

November 7, 2018 UNAC Editor Cuba, Economic Blockade, Sanctions and Economic Warfare

Image: Billboard in Havana, Cuba that reads in Spanish: “Blockade, the longest genocide in history.” Nov. 1, 2018 | Photo: Reuters TeleSUR reported the following on November 1, 2018. Israel and the United States were once again the only two countries to vote in favor of the brutal economic blockade against Cuba. United Nations member states voted 189 to 2[…]

The Economic Atom Bombing of Syria

October 10, 2018 UNAC Editor Middle East Wars, Sanctions and Economic Warfare, Syria

The United States, the European Union, the Arab League, Turkey, Canada and Australia have collectively taken measures since 2011, and the United States since 1979, to destroy Syria’s economy. The measures are illegal under international law, which prohibits states from using economic pressure, outside the framework of the UN Security Council, to coerce other states. With Syrians fleeing sanctions-induced economic[…]

US Left is Being Left Behind

September 18, 2018 UNAC Editor Capitalism, Diplomacy, Trade Wars

Map From Business Insider: Inside the Belt and Road, China’s Mega Project that is linking 70 countries across Asia, Europe and Africa (and by the way, they are in South America as well). Based on December 2015 data. ~Reuters by Kevin Zeese and Dr. Margaret Flowers, published in Counterpunch, August 30, 2018 The United States has a long history of[…]

Venezuela’s Monetary Revolution Vis-a-Vis Economic Sanctions

August 21, 2018 UNAC Editor Sanctions and Economic Warfare, Venezuela

Venezuela’s President Nicolas Maduro holds a bank note of the new national currency, the ‘Bolivar Soberano‘ (Sovereign Bolivar). | Photo: Reuters by Nino Pagliccia, published on TeleSUR, August 8, 2018 Venezuela has undergone many challenges in the last 20 years since Hugo Chavez was elected president and continued after his death in 2013. The main reason is that Venezuela has[…]

Working People Have No Stakes In a Trade War

June 20, 2018 UNAC Editor Featured, Trade Wars

President Donald Trump, Managing Director of the International Monetary Fund Christine Lagarde, and Germany Chancellor Angela Merkel at the G7 summit in Québec, on June 9. (Photo: Yves Herman / Reuters) A joint statement by Socialist Action (U.S.) and Socialist Action/Ligue pour l’action socialiste in the Canadian state. The recent imposition of a 25% tariff on steel imports to the United States and[…]