The Swiss canton of Geneva said Friday it had classified ride-hailing giant Uber as an employer, ordering a halt to its activities unless it pays the social charges for its drivers.
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Austerity
IMF internal watchdog condemns the institution’s mishandling of Greece “rescue”
Here two articles concerning the report by the internal auditor of the IMF concerning its disastrous handling of Greece´s “financial rescue” Read here (easier to read) and here (better analysis)
Finance
Reuters: World Bank court orders Pakistan pay $5.8 billion damages to Tethyan Copper
This is the result of globlaisation, where companies that made a small investment can receive extra billions in compensation decided by a court run in the interest of international corporations. Read here
Austerity
Trades Union Congress – Unsecured debt hits new peak of £15,400 per household – new TUC analysis
With dpressed wages the question was, how can workers buy the products that capitalists produce when they had so little money in their pocket? The answer: credit. Read here
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