The Elusive Recovery

THE world capitalist crisis which began in 2008 not only persists but is worsening. The second half of the current year was supposed to be the period when growth in the major advanced countries would gather momentum. The IMF had predicted in spring that activity would “gradually accelerate”. But the latest figures show that instead of a recovery we have an actual deceleration in growth. In the Eurozone, quarter-to-quarter growth which had been 0.3 percent in the second quarter of this year fell to 0.1 percent in the third quarter.

The War of Words between the US and Germany

ADVANCED capitalist country governments, no matter what their differences, generally put up a common front. They do not attack one another in public. It was surprising therefore when recently the United States attacked German economic policy in an official document and the German government replied in kind. It showed the kind of desperation to which advanced capitalist countries are getting pushed these days by the persistence of the global economic crisis.

On Communal Violence in Muzaffar Nagar

On Communal Violence in Muzaffar Nagar

D P Singh

RECENTLY the district of Muzaffar Nagar in the western part of Uttar Pradesh was engulfed by communal violence and some 44 persons had lost their lives by the time of going to press. The fire had spread to the rural areas of the district and to some nearby districts. Thousands of people had left their ancestral villages, while Muzaffar Nagar city and Shamli town had had to be handed over to the army. Some one thousand people had been arrested but the violence seemed to be continuing unabated.