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Wednesday 29 October 2008
What union response to job losses?
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Monday 27 October 2008
The flight to the Dollar - why and for how long?
Final Text of Iraq Pact Reveals a U.S. Debacle
Sunday 26 October 2008
Meet the World's New Reserve Currency: The Chinese Yuan
Big capital wants profits guaranteed, or they'll pull plug on NZ economy
Aussie owned banks sourced 40% of funding from overseas - that's the problem
Friday 24 October 2008
Essential contradiction of consumer capitalism – keep wages low but keep spending high
Whose Money Are We Guaranteeing?
Thursday 23 October 2008
Co-leader of RAM's candidates group interviewed for German left-wing newspaper
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Financial crisis should spur discussion of economic alternatives
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Call to 'shame and stop' bank greed
Bank of New Zealand - owned by National Australia Bank. BNZ is the second largest bank in New Zealand as measured on total lending assets.
Westpac- owned by Westpac Banking Group (Australia).
ASB Bank - owned by Commonwealth Bank of Australia.
The Big Four banks control 90% of the banking industry in New Zealand, putting them in a near-monopoly position.
The Big Four banks have been hugely profitable. In the 2007 fiscal year, the ANZ-National Bank made an after-tax profit of $1.1 billion. "We expect to make more than a billion dollars profit again in 2008," said ANZ-National chief executive Graham Hodges. (NZPA 28.7.08.)
The BNZ has announced an after-tax profit of $785 million in the 12 months to 30 September 2008. And ASB Bank cornered a $515 million net profit for the 2008 fiscal year.
The Australian owners of the Big Four banks enjoyed a combined after-tax profit of A$15 billion in the last financial year, partly composed of wealth generated by their subsidiaries in New Zealand.
Sunday 12 October 2008
United States: Cindy Sheehan plans new party with a progressive platform
Cindy Sheehan with Hugo Chavez, Venezuela's socialist president
Cindy Sheehan Reveals Plan for New [US] National Party by Stephen Dohnberg from Digital Journal 7 October 2008
Saturday 11 October 2008
A $516 trillion derivatives 'time-bomb'
RAM's election video - 'RAM the LabNats!'
Please send a link to RAM's election video on youtube to people you know: http://www.youtube.com/watch?v=EyftM33i7Rk
Friday 10 October 2008
A Futile Bailout As Darkness Falls On America
What $700 billion could do for grassroots people in the US
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A guide to the Wall Street meltdown
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