In Sydney, Australia’s most populous city, households need to earn a staggering $261,733 annually for a mortgage on an average-priced home.
A major driver in the rise of poverty is the end of pandemic emergency benefits, including expanded child tax credits and food stamps, as well as free school meals.
For years on end, under one government after another, the NT housing department refused to rectify critical faults such as the lack of a back door, no air-conditioning, water leaks, broken toilets and insect infestation.
The spectacle of the US president enjoying the hospitality provided by a super-rich hedge fund boss, while American workers struggle to make ends meet, underscores the class chasm in American society.
This is the report delivered by Nick Beams to the 2022 International May Day Online Rally held on May 1. Beams is a longstanding leader of the International Committee of the Fourth International and an expert on Marxist economics.
Her carefully cultivated public persona has allowed Elizabeth II to be deployed at times of heightened national crisis as an illusory but politically necessary embodiment of stability and permanence.
The scale of the horror and the depth of the public reaction suggest that something of a “tipping point” has been reached.
In the wealthiest country in the world, store shelves are empty and millions of families are now facing a desperate struggle to find essential nutrition products for their babies and toddlers.