Mainstream WeeklyBanks, an integral part of the financial system, affect and are affected by the economic activities and capital formation of a country. Banks failure is common in the US as bank failures happen more often, there have been 565 banks failure in the US since the new millennium; that is an average of almost 25 per year.
Banks in the US normally fall in three categories as, regional banks, community banks and National banks. Regional banks, are defined by the Federal Reserve, as banks with $10 (…)
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US Banks Failure: Its Impact and Lessons for India | Dhameja, Dhameja, Khattar
20 May 2023 -
Deadly heatwaves threaten to reverse India’s progress on poverty and inequality – new research | Debnath & Bardhan
20 May 2023by Ramit Debnath & Ronita Bardhan *
April 28, 2023
Record-breaking heatwaves in April 2022 put 90% of people in India at increased risk of going hungry, losing income or premature death, according to our new study.
After 2022 was designated the hottest in 122 years, extreme heat has appeared early again this year with over 60% of India recording above-normal maximum temperatures for April, according to the country’s Meteorological Department. El Niño, a natural climate event that (…) -
A Woman Wrestler Speaks | Sagari Chhabra
20 May 2023, by Sagari ChhabraAs far as I can remember girls were protected from the eyes of Man; woe betide should someone desire you; remain invisible within the four corners of your home, hone your domestic skills, for the way to a man’s heart is through his stomach. While it’s hard to digest, a woman is just a spare rib of a man’s life, it’s for him to strive, for you to adjust, it always has, and will remain thus.
One day something snapped deep within, I walked to the sand pit and started to wrestle, revelling in (…) -
Springtime for Thai Democracy? | Patawee Chotanan
20 May 2023[the below article appeared before the May 2023 elections in Thailand]
by Patawee Chotanan *
After years of mass mobilizations, Sunday will put the country’s electoral system to the test
The last few years have been turbulent in Thai politics. Following the period of relative calm after the 2014 coup that overthrew popular social reformer Yingluck Shinawatra, a massive youth movement for democracy and social reform began popping up around the country, before the COVID-19 pandemic and (…) -
The Menace of “National Socialism” | Max Nettlau
20 May 2023First Published in The Clarion 1 no. 5, January, 1933
What is called “national socialism” in present Germany is in fact the ugliest type of anti-socialism. Authority and Monopoly at bay do their worst and are helped in this by the degeneration of authoritarian socialism; under such conditions, the particularly hopeless position of Germany since 1918 and the worldwide crisis setting in three years ago, aided by the callousness which countenanced Italian fascism—this morbid secretion, the (…) -
Teachers Platform and a Peasant organisation in Solidarity with Navsharan Singh
20 May 2023DTF strongly condemns ’Modi Govt driven ED’ to grill Dr. Navsharan.
Chandigarh: May 16 [2023] Modi Govt driven Enforcement Directorate (ED) has harassed the well-known Cultural and Social activist Dr. Navsharan, by grilling more than 8 hours. Leading Teachers’ Union DTF Punjab strongly condemns the ED for interrogating her. The leaders of DTF, Digvijay Pal Sharma, state president, and Balbir Longowal, State General secretary, has told the press that Dr. Navsharan is a member of AIUFWP (…) -
2023 Karnataka Assembly Elections: The Karnataka Verdict and the Future - Statement by Radical Socialist
20 May 2023by Radical Socialist
14 May 2023
The undoubted good about the Karnataka assembly elections is the significant blow it has dealt to the BJP.
Despite Prime Minister Modi, Home Minister Amit Shah, and several CMs of various provinces virtually camping in Karnataka, Modi holding 19 rallies (public addresses) and six road shows including the 26 KM one in Bengaluru, BJP overall arranging 311 visits by party leaders to temples and mutts to highlight its Hindutva, along with holding 9125 (…) -
Joint Statement: Protecting nuclear arms control is a global imperative (May 2023)
20 May 2023As the Heads of the Group of Seven (G7) gather in Hiroshima this week [G7 Japan Hiroshima Summit 2023: May 19th -21st], one of only two sites to witness the catastrophic consequences of nuclear weapons use in conflict, over 200 leaders and experts from 50 states warn of the need to compartmentalise nuclear arms control from great power competition
In a joint statement coordinated by the European Leadership Network and the Asia Pacific Leadership Network, some 26 former Foreign and Defence (…) -
Savita and Bhim Rao Ambedkar: A Most Unusual Partnership | Deepti Priya Mehrotra
20 May 2023, by Deepti Priya MehrotraBOOK REVIEW:
by Deepti Priya Mehrotra
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Babasaheb: My Life with Dr Ambedkar, by Savita Ambedkar
translated from the Marathi by Nadeem Khan
Vintage, Penguin Random House India 2022, p. 337 HB. Rs 599 ISBN-10 : 0670096695 ISBN-13 : 978-0670096695
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Accepting and Treasuring One Another
Savita Ambedkar writes, of her relationship with BR Ambedkar, ‘despite our most unusual circumstances, we accepted each other and treasured each other like something precious.’ (…) -
Risks and Resilience in the Era of Climate Change | K N Ninan
20 May 2023BOOK REVIEW
by K N Ninan *
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Risk and Resilience in the Era of Climate Change by Vinod Thomas
Palgrave Macmillan, Singapore 2023. xxiii + 195p. US$ 27.99 ISBN 978-981-19-8620-8 ISBN 978-981-19-8621-5 (eBook) __0__
At no time in human history has mankind faced multiple environmental challenges as the current generation such as unprecedented levels of climate change, loss of biodiversity and ecosystem services, pollution, and land degradation. While releasing the synthesis (…)