Lurgan Public Meeting
Latin America
On the road to socialism?
7pm Thurs 15th April
Lurgan Library, Carnegie St
Organised by the Socialist Party and Sociailst Youth
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Copenhagen Climate failure exposes failure of the profit system
The UN’s Copenhagen climate summit has failed to deliver any significant response to the rising threat of global warming. This is unsurprising given recent history of such events, with most industrialised countries currently failing to meet even the grossly insufficient targets agreed at Kyoto back in 1997. This further demonstrates the inability of capitalism to solve the key problems facing the world today.
China: Young workers lead the fightback
The host of strikes across many regions of China in recent weeks and months have served to once again highlight the brutal working conditions in the country. The “Sweatshop of the World” has seen a litany of strikes take place within the last months in many multinational corporation factories, many of which have been instigated by young migrant workers.
Youth Fight for Jobs tells Minister, “We demand jobs not excuses!”
Representatives from the Youth Fight for Jobs campaign met Minister for Employment & Learning, Reg Empey, on 18 February to challenge him on the Executive’s failure to create jobs.
Youth Fight for Jobs put to the Minister, concrete initiatives which could immediately be implemented to create jobs. We showed how a programme for building social housing, a publicly owned IT sector and how an expansion of the NHS could immediately create thousands of jobs, while at the same time provide much needed services.
Nationalise the Quinn Group
Few people can imagine what €4,000million looks like, but that is just what Sean Quinn lost through gambling on the casino they call the stockmarket. As a result of this grotesque speculation and lust for profits, thousands of honest workers directly employed by the Quinn Group are to lose their jobs, not to mention the thousands of other workers whose jobs are dependent on the Quinn Group.
Sean Quinn lost this sum speculating that the depressed price of Anglo-Irish Bank shares would recover. However, he did not gamble by buying shares but by buying ‘Contracts for Difference’ (CFDs) amounting to 25% of the bank’s shares. Such a highly leveraged strategy can yield massive returns but if things go wrong the losses can be just as great.