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Prime Minister Malcolm Turnbull has seized on International Monetary Fund (IMF) forecasts predicting a rise in global economic growth following the US administration’s corporate tax cuts, to call for similar cuts here.

The latest World Bank Global Monitoring Report boasted that only 9.6% of the world's population — 702 million people — are forecast to be living in extreme poverty in 2015, 200 million fewer than in 2012. And this even with the WB now raising its official poverty line from the 2008 US$1.25 a day level to US$1.90. WB president Jim Yong Kim declared that the world has a good chance of ending extreme poverty by 2030.

“Billionaire hedge fund managers have called on Puerto Rico to lay off teachers and close schools so that the island can pay them back the billions it owes,” on the debt crisis facing the United States' Caribbean colony.

We, the undersigned, stand in solidarity with the people of Greece and the SYRIZA-led government as they prepare for a referendum on July 5, 2015, on whether to accept the continuation of the program of neoliberal austerity or chart a new course free from the debilitating stranglehold of the Troika — the International Monetary Fund, the European Central Bank, and the European Commission.

There is a tense stand-off right now between Greece's government and the so-called troika — the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF). ECB President Mario Draghi recently went so far as to deny that his institution was trying to blackmail Greece's left-wing anti-austerity government. But blackmail is actually an understatement. It has become increasingly clear that the troika is trying to harm the Greek economy in order to raise pressure on the new Greek government to agree to its demands.