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ANOTHER "EXPERT" SPEAKS
"This week Citigroup's already depressed shares have lost half their
value, and shares of Bank of America and JPMorgan Chase are down 30
percent. Those declines have come despite reassuring comments from
Treasury Secretary Henry M. Paulson Jr., who told National Public Radio
a week ago that people were no longer worried about the possibility of
a major bank failure. ‘I’ve got to tell you,’
he said. “I think our major institutions have been stabilized. I
believe that very strongly.” The Standard & Poor’s
index of 500 stocks fell by more than 6 percent on two consecutive
days, Wednesday and Thursday, something that had not happened since
July 20 and 21, 1933, in the midst of the Great Depression, when panic
was brought on by collapsing commodity prices. Such prices have fallen
rapidly this week as well, as evidence mounted of a world recession."
(New York Times, 20 November)
ANOTHER "EXPERT" RECANTS
"Alistair Darling will be forced to admit tomorrow that the credit
crunch has plunged Britain into a deep recession, and the economy will
contract for a full year in 2009, for the first time since the early
Nineties. As the credit crisis ravaged the world's financial markets
earlier this year, the Chancellor insisted repeatedly that Britain's
`economic fundamentals` were sound. In the budget six months ago, he
pencilled in a strong recovery for 2009." (Observer, 23 November)
GOOD BUSINESS PRACTICE
"The European Union accused drug companies on Friday of adding billions
of dollars to health care costs by delaying or blocking the sale of
less expensive generic medicines. One common tactic, said Neelie Kroes,
the European competition commissioner, was for drug companies to amass
patents to protect active ingredients in the medicines — in one
case, 1,300 patents for a single drug. Another tactic, she said, was
for pharmaceutical companies to sue the makers of generic drugs for
ostensible patent violations, which tended to delay the availability of
the lower-cost products for years. Ms. Kroes made her comments Friday
while presenting the preliminary findings of a broad investigation into
accusations of anticompetitive practices in the drug sector. She also
turned her sights on the generics companies, which she said had
received $200 million from pharmaceutical companies over seven years in
exchange for holding their products off the market." (New York Times,
28 November)
WORLD HUNGER GROWS
"It is the new face of hunger. A perfect storm of food scarcity, global
warming, rocketing oil prices and the world population explosion is
plunging humanity into the biggest crisis of the 21st century by
pushing up food prices and spreading hunger and poverty from rural
areas into cities. Millions more of the world's most vulnerable people
are facing starvation as food shortages loom and crop prices spiral
ever upwards. And for the first time in history, say experts, the
impact is spreading from the developing to the developed world. More
than 73 million people in 78 countries that depend on food handouts
from the United Nations World Food Programme (WFP) are facing reduced
rations this year. The increasing scarcity of food is the biggest
crisis looming for the world'', according to WFP officials." (Sunday
Herald, 30 November)
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| Contact Details |
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| UK
Branches & contacts |
|
International
contacts |
London
Central
London branch*
2nd Wed
,6.30pm The Sekforde Arms, 34 Sekforde St., London EC1.
(nearest Underground/Thameslink; Farringdon 0.2miles)
Tel: Tristan 0207 6223811
Enfield
and Haringey branch*
Thursday 15th & 29th January, 8pm. . Angel
Community
Centre, Raynham Rd, NI8. Corres:
17 Dorset Road, N22 7SL.
South
London branch
1st Tues.
7.00pm. Head Office. 52 Clapham High St, SW4 7UN.
Tel: 020 7622 3811
West
London branch
1st & 3rd Tues.
8pm, Chiswick Town Hall,
Heathfield Terrace (Corner Sutton Court Rd), W4.
Corres: 51 Gayford Road,
London W12 9BY
Pimlico
C. Trinder, 24 Greenwood Ct,
155 Cambridge Street, SW1 4VQ.
Tel: 020 7834 8186
Midlands
West Midlands branch
Meets every two months on a Sunday afternoon (see
meetings page for details. Tel: Tony Gluck 01242 235615
Northeast
Northeast
branch
Contact: Brian Barry,
86 Edgmond Ct, Ryhope, Sunderland
SR2 0DY. Tel: 0191 521 0690.
Northwest
Lancaster
branch
P. Shannon, 10
Green Street, Lancaster LA1 1DZ. Tel:
01524 382380
Manchester
branch
Paul Bennett, 6
Burleigh Mews, Hardy Lane, M21 7LB.
Tel: 0161 860 7189
Manchester
Branch website
Bolton
Tel: H.McLaughlin.
Tel: 01204 844589
Cumbria
. Brendan Cummings, 19 Queen St, Millom, Cumbria LA18 4BG
Carlisle
Robert Whitfield.
tel: 07906 373975
Rochdale
Tel: R. Chadwick. 01706
522365
Southeast
Manchester
Enquiries:
Blanche Preston, 68 Fountains Road,
M32 9PH
Yorkshire
Hull
Keith Scholey, 12 Regina Crescent,
Victoria Ave, HU5 3EA. Tel: 01482 444651
Skipton
. R Cooper, 1 Caxton Garth,
Threshfield, Skipton BD23 5EZ.
Tel: 01756 752621
South
South/SouthEast
Southwest
South
West branch.
Meets every two
months on a Saturday afternoon
(see meetings page for details)
Ray Carr,
Flat 1, 99 Princess Road, Branksome,
Poole BH12 1BQ. Tel: 01202 257556.
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Bristol
Shane Roberts, 86 High Street,
Bristol BS5 6DN.
Tel: 0117 9511199
Canterbury
Rob Cox,
4 Stanhope Road, Deal,
Kent, CT14 6AB
Luton
Nick White,
59 Heywood Drive,
LU2 7LP
Redruth
Harry Sowden,
5 Clarence Villas,
Redruth,
Cornwall, TR15 1PB.
Tel: 01209 219293
East
Anglia
East
Anglia branch
meets every two
months on a Saturday afternoon
(see meetings page for details).
David Porter, Eastholme,
Bush Drive,
Eccles-on-Sea, NR12 0SF.
Tel: 01692 582533.
Richard Headicar,
42 Woodcote, Firs Rd,
Hethersett,
NR9 3JD.
Tel: 01603 814343.
Richard Layton,
23 Nottingham Rd,
Clacton, CO15 5PG.
Tel: 01255 814047.
Cambridge
Andrew Westley, 10
Marksby Close, Duxford, Cambridge
CB2 4RS.
Tel: 07890343044
Northern Ireland
Newtownabbey
Nigel NcCullough. Tel:
028 90852062
Scotland
Edinburgh
branch
.1st Thur. 8-9pm.
The Quaker Hall,
Victoria Terrace (above Victoria Street),
Edinburgh.
J. Moir. Tel: 0131 440 0995
Edinburgh Branch
website:
Lothian Socialist Discussion Group
.4th Wednesday of each month 7.30pm
ACE 17 ,West Montgomery Place,
Edinburgh
EH7 5HA
For more
info contact Jimmy or Fraser
Glasgow
branch
. 3rd Wednesday of
each month at 8pm in
Community Central Halls,
304 Maryhill Road, Glasgow.
Richard Donnelly,
112 Napiershall Street,
Glasgow G20 6HT.
Tel: 0141 5794109.
Glasgow
Branch website
Ayrshire
D. Trainer, 21 Manse Street,
Salcoats, KA21 5AA. Tel: 01294
469994. E-mail:
Dundee
Ian Ratcliffe, 16 Birkhall Ave,
Wormit, Newport-on-Tay, DD6 8PX.
Tel: 01328 541643
West
Lothian
. 2nd Weds in
month, 7.30-9.30. Lanthorn Community Centre, Kennilworth Rise, Dedridge,
Livingston. Corres: Matt
Culbert,
53 Falcon Brae, Ladywell, Livingston,
West Lothian,
EH5 6UW.
Tel: 01506 462359
Wales
Swansea
branch
. 2nd Mon, 7.30pm,
Unitarian Church, High Street. Corres:
Geoffrey Williams,
19 Baptist Well Street,
Waun Wen,
Swansea SA1 6FB.
Tel: 01792 643624
Cardiff
and District
. John James, 67
Romilly Park Road,
Barry CF62 6RR.
Tel: 01446 405636 |
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Africa
Kenya
. Patrick Ndege, PO Box 56428,
Nairobi.
Swaziland
. Mandla Ntshakala, PO Box
981, Manzini.
Zambia.
Marxian Education Group, PO
Box 22265, Kitwe.
Asia
India
. World Socialist Group, Vill
Gobardhanpur. PO Amral, Dist.
Bankura, 722122
Japan
. Michael. Email:
worldsocialismjapan@hotmail.com.
Europe
Denmark
. Graham Taylor, Ryslingvej
18, 8270 Højbjerg.
Italy
Gian Maria Freddi
Casella Postale n. 28
c/o Ag. PT VR 17
37131 Verona
gm.freddi@libero.it
Germany
. Norbert. E-mail:
weltsozialismus@gmx.net
Norway
. Robert Stafford. E-mail:
hallblithe@yahoo.com
Companion Parties overseas
World
Socialist Party of Australia.
P. O. Box 1266 North Richmond
3121, Victoria, Australia.. Email:
commonownership@yahoo.com.au
Socialist
Party of Canada/Parti
Socialiste du
Canada
. Box 4280,
Victoria B.C. V8X 3X8 Canada. E-mail:
SPC@iname.com
World
Socialist Party (New Zealand)
P.O. Box 1929, Auckland, NI, New Zealand.
World
Socialist Party of the United States
P.O. Box 440247,
Boston, MA 02144 USA.
E-mail: wspboston@covad.net |
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