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Newswire Articles
News :: International
Pope Francis Calls for Global Bankruptcy Process
14 Jul 2015
Pope Francis called for an international bankruptcy process in a news conference as he left Latin America on Monday. According to the Associated Press, when asked about the Greek debt crisis, Francis stated, "if a company can declare bankruptcy, why can't a country do so and we go to the aid of others?" Francis offered further comments noting that too many countries are struggling with high debts and he suggested a United Nations bankruptcy proposal could be the solution.‎

“Pope Francis knows that heavy debt loads cause poverty and inequality,” said Eric LeCompte, who consulted the Vatican on its position. LeCompte is the head of the religious development organization Jubilee USA Network. “The Pope's statement is a logical extension of the Catholic Church's strong support of debt relief for struggling countries."

Last year, LeCompte led a delegation of global Jubilee organizations to advise Vatican Secretary of State Cardinal Pietro Parolin on the need for a bankruptcy process to address inequality. The Catholic Church is a founder of Jubilee USA and supports its efforts to win debt relief for struggling countries.

In September of 2014, the United Nations General Assembly voted 124-11 to develop the bankruptcy process that Pope Francis referenced. LeCompte addressed the UN earlier this year on the creation of the process. This Fall, the United Nations is set to review progress on the proposal. Because International Monetary Fund (IMF) studies point to debt as a cause of inequality, the IMF is exploring aspects of a bankruptcy process based on an April 2013 paper. In addition to the debt crisis in Greece, nearly 50 countries‎ face worrying levels of debt distress according to World Bank statistics.
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Commentary :: Labor
Reduced Working Hours as a Socio-Economic Investment
14 Jul 2015
In these Austrian articles, reduced working hours is seen as a socio-economic investment, not as a cost-trap. A 1909 study by Sidney Chapman shows that shorter working hours can lead to higher productivity and greater output. Why can't we experiment with redefining work, health, strength and happiness? Sustainability means not taking resources and chances from the young.
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News :: Globalization
Down With the European Union! No Support to Syriza! Greece Votes No to EU Austerity
14 Jul 2015
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News :: Globalization
La propagande information
14 Jul 2015
La propagande de l'information capitaliste...
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News :: Media
World Leaders Challenge Predatory Hedge Funds in UN Development Agreement
13 Jul 2015
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News :: Media
Greece Reaches Financing Deal with Eurozone: Religious Debt Relief Coalition Issues Statement
13 Jul 2015
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News :: Radical Culture : Social Welfare
Pope Francis: Pope Of The Poor, Of Mother Earth, Of Prisoners
12 Jul 2015
Pope Francis is working to make the Catholic church a church for the poor.
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News :: Human Rights : International : Politics : War and Militarism
Tribute to Comrade Leoncio Pitao (Commander Parago)
12 Jul 2015
I join the Filipino people, the people’s revolutionary government, the Communist Party of the Philippines, the New People’s Army, the National Democratic Front of the Philippines, the revolutionary mass organizations and other revolutionary forces in mourning the death of Comrade Leoncio Pitao (Commander Parago) and in celebrating his achievements from the time he joined the NPA in 1978 until his martyrdom yesterday on June 28, 2015.
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News :: Radical Culture : Social Welfare
3 Million Acres Burned Down In Alaska This Year Thousands Of Fires Burn In Western Canada!!
11 Jul 2015
Canada has received help from Mexico, Australia and New Zealand. Both Canada and the US need help in putting out fires caused by deforestation and other factors.
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Commentary :: Human Rights
A Formal Response to California’s Death With Dignity Act Legislation
09 Jul 2015
Recently a major and moral decision was made to quell California legislature as to whether people suffering with terminal illness should have the right to die with dignity. Democrats did not have enough votes although the legislation might come back later in the year? To the extent that there was much of a debate in the news it has been one-sided with a chorus of status quo preventivists. Religion has once again slammed up common sense and compassion.
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