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    Sulph
    Capitalism: Indonesia will abandon Visa and Mastercard
    • As part of the new payment system launched last year, Indonesian President Joko Widodo called on Wednesday for his country to abandon the use of foreign payment networks like MasterCard and Visa and encouraged the public to adopt credit cards made by domestic banks.

      At a local business gathering, Widodo emphasized that "everyone [in Indonesia] should be able to use" Indonesian-manufactured credit cards so that "we can be independent," as he explained that the aim is to avoid risking transactions in case of a geopolitical disruption that could economically affect the country.

      According to the president, the initiative "shows that Indonesia is following the pace of digital technology transformation in the economic sector."

      Nice

    1 comment 2 comments Vitaliy_KiselevMarch 2023Last reply - March 2023 by Sulph Subscribe to this blog
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    Vitaliy_Kiselev
    UK: British grocery inflation hit 17.1%
    • British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record high, dealing the latest blow to consumers struggling with a cost-of-living crisis, industry data showed on Tuesday.

      Market researcher Kantar said prices are rising fastest in markets such as milk, eggs and margarine.

      It said UK households now face an additional 811 pounds ($978) on their annual shopping bills if they don't change their behaviour to cut costs.

      "This February marks a full year since monthly grocery inflation climbed above 4%. This is having a big impact on people’s lives," Fraser McKevitt, head of retail and consumer insight at Kantar, said.

      German-owned discounters Aldi and Lidl were again the fastest growing grocers, partly due to new store openings, with sales up 26.7% and 25.4%, respectively.

      https://www.reuters.com/business/retail-consumer/uk-grocery-price-inflation-hits-record-171-2023-02-28/

      Monopolies still on fast rise.

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    Sulph
    US: Dangers of socialism must be condemned
    • The Conservatives in the House of Representatives passed a resolution "condemning the horrors of socialism" and opposing the pursuit of socialist policies.

      On Thursday, February 2, the US House of Representatives passed a resolution condemning the "horrors of socialism." All 219 members of the Republican Party voted yes. The majority of Democrats also supported the resolution: 109 voted with the Republicans, 86 voted against, and 14 were "present", that is, they actually abstained.

      At a time when socialism is becoming increasingly popular in the US, despite decades of harassment and persecution of the left, the House of Representatives condemned "socialism in all its forms" and opposed "the pursuit of a socialist policy in the United States of America."

      https://www.congress.gov/bill/118th-congress/house-concurrent-resolution/9/text?s=1&r=4

    1 comment 2 comments Vitaliy_KiselevFebruary 2023Last reply - March 2023 by Sulph Subscribe to this blog
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    Vitaliy_Kiselev
    US: Why capitalism must be destroyed at all costs
    • For many Americans, finding affordable housing continues to be a challenge, whether you’re renting or buying. In today’s real estate market, many overpriced homes sit vacant while populations experiencing homelessness continue to grow. In this study, we took a closer look at data from the U.S. Census and the Department of Housing & Urban Development (HUD) to compare the number of people experiencing homelessness to the number of vacant housing units in 100 major cities across the country. Continue reading to learn more about which cities have the highest risk of homelessness in America.

      KEY FINDINGS

      • Over 580,000 Americans are experiencing homelessness. There are currently 28 vacant homes for every one person experiencing homelessness in the U.S.
      • While cities like New York City, Los Angeles and Seattle have some of the largest unhoused populations in the country, Detroit has the most vacant homes per unhoused person – 116 empty homes per unhoused person.
      • Syracuse, New York has the second-most vacant homes per unhoused person – 110 vacant homes per unhoused person.
      • San Jose, California has the highest population of Gen-Z youth experiencing homelessness with nearly 85 unhoused Gen-Zers for every 100,000 residents.
      • Pacific Islander and Black Americans are the populations most at risk to experience homelessness.
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