CATEGORY

Economy

Brazil intensifies genocide against Africans in preparation for 2016 Olympic Games

BRAZIL— The Brazilian government has upped its colonial violence against Africans in Rio de Janeiro since the International Olympic Committee (IOC) named the city as the host city for the 2016 Summer Olympics. The Olympics are set to begin on August 5, 2016.

Parasitic Capitalism: The debt in Puerto Rico

Puerto Rico’s government officials recently announced that the country will not be able to concurrently provide necessary social services and satisfy its $2-billion-dollar debt payment due on July 1, 2016

The Puerto Rican government is currently contending with a $70-billion-dollar debt crisis while also experiencing an intractable 10-year economic slump.

Between 2005 and 2015, Puerto Rico’s gross national product (GNP)—the total value of all goods and services produced by Puerto Rican-owned firms—decreased by 14 percent as its debt rose to over 100 percent of GNP.

This means that the country’s debt is greater than its income.

Canada’s imperialist corporations exploit Eritrea’s mineral resources

Eritrea has one of the highest grade of gold, copper and zinc deposits in the world. Canadian company  Nevsun Resources has extracted $700 million USD worth of ore from Eritrea and owned 60 percent of the Bisha mine.

InPDUM launches revolutionary clothing line “UZI” in St. Louis!

Saturday, May 1, 2016 marked a historical moment for the International People’s Democratic Uhuru Movement (InPDUM) as the organization launched their revolutionary line of clothing called UZI: A Thread of Freedom, and introduced Nfiniti Speed Dating to St. Louis, based on a model laid out by Black Star Industries.

 

Zimbabwe’s president Mugabe repeals his decision to take possession of the country’s gold mines

Zimbabwe’s president Robert Mugabe said in March 2016 that his government would take possession of all diamond operations because existing miners had robbed the country of its wealth.  This statement was followed up with a cabinet meeting and was eventually repealed

Harriet Tubman on $20 bill and we still don’t have reparations

The U.S. Department of Treasury announced on April 20, 2016 that the face on the U.S. 20 dollar bill will be changed from Andrew Jackson to Harriet Tumbman. Many see this as a victory for Africans, especially African women, however this is a reflection of imperialism in crisis.

Spotlight on Uhuru Foods and Pies: An independent African economy for the prosperity and self-determination of African people worldwide

Uhuru Foods & Pies has been part of the history of economic self-reliance and self-determination of the African People's Socialist Party for over 35 years.

APEDF builds Uhuru Book Fair & Flea Market in Philadelphia

PHILADELPHIA—On Saturday, October 17, the African People’s Education and Defense Fund (APEDF), along with our many community partners, is proud to present the first Uhuru Book Fair & Flea Market (UBFFM) in West Philadelphia’s beautiful Clark Park, located at 43rd St. and Chester Ave. This lively and informative event is free and will be open to the community from 9am-5pm. The rain date is Sunday, October 18.

U.S. economic projects in Africa are parasites

"No matter how many investors Obama brings in Africa, the agenda is the same: looting, exploitation and repression. These words are, in fact synonyms for "Obama's investors."'
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