Sunday, 30 October 2022 — Peoples Democracy
Liz Truss Official Portrait (Photo: Number 10 / Flickr)
The most intriguing question with regard to Liz Truss’ resignation as the prime minister of Britain after a mere 44 days in office is this: what is it about her economic programme that the “market” (read “finance capital”) found unpalatable? At its core after all was tax-cuts for the rich, which the “market” should have lapped up. True, the tax-cuts were to be financed through a fiscal deficit which the “market” generally does not like; but since the fiscal deficit was meant to finance transfers to the rich, and not any direct stimulation of aggregate demand by the State, there should have been little objection from the “market”. Some have suggested that since the tax-cuts were “unfunded”, that is, financed by a fiscal deficit entailing a sale of government bonds, the proposal introduced uncertainty about the future course of the bond rate which made “investors” dump government securities, sharply raising the bond rate and creating panic in the “market”. But that is precisely the question which needs to be answered: even before any actual sale of government securities for financing a fiscal deficit had occurred, why did the “market” panic? And if it expected higher rates then that should have led to a strengthening of the pound-sterling with financial inflows occurring into Britain, rather than a collapse of the pound-sterling as we actually saw.
MintPress will continue to record Palestinian deaths at the hands of the Israeli occupation each month.
Auditorio Celso Furtado. President-Elect Lula da Silva Surrounded by Supporters at Rally [Source: photo by Lauren Smith]
Luiz Inácio Lula da Silva is the first former Brazilian president to be elected to serve a new term in office. At 7:57pm, the PT candidate had 59.563.912 votes and could no longer be reached by his opponent, the current occupant of the Planalto Jair Bolsonaro (PL), consolidating the victory.
Aside from its size as a city, Odessa’s importance as a port is immeasurable to the Ukraine
Hot air from the politicians, yet no heat for the people
New U.S. Army command in Wiesbaden to coordinate war support for Ukraine. [Source: 
Xi Jinping (left) with new politburo standing committee members Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang and Li Xi at a meeting with media, Great Hall of People, Beijing, Oct.23, 2022
Is it a lame duck, sitting duck or just a dead duck in the water? A tsunami of consequences now affects Brussels and many of its minions as the tide of events slowly sinks it.
Jair Bolsonaro in front of U.S. flag while, fittingly, celebrating U.S. Independence Day on July 4, 2020. [Source: 
Big Green Tube of Death
The New Dark Age 