Twoafros

Cartoon by Gary Larson

ADDIS ABABA, July 29 (Reuters) - Ethiopia’s central bank floated the country’s birr currency on Monday, a move it hopes will secure International Monetary Fund (IMF) support and make progress on a long-delayed debt restructuring.

The birr’s value against the U.S. dollar slumped by 30% to 74.73 per dollar, the country’s biggest lender, Commercial Bank of Ethiopia said. The currency had been trading at 57.48 birr to the dollar on Friday.

ADDIS ABABA, July 29 (Reuters) - Ethiopia's central bank floated the country's birr currency on Monday, a move it hopes will secure International Monetary Fund (IMF) support and make progress on a long-delayed debt restructuring.

The birr's value against the U.S. dollar slumped by 30% to 74.73 per dollar, the country's biggest lender, Commercial Bank of Ethiopia said. The currency had been trading at 57.48 birr to the dollar on Friday.

I'm all for higher minimum wages, unions, paid leaves and other forms of worker protection, but it seems like the most forms of worker protection focus on maintaining a division between an employer(s) who owns the business and the employee who makes money for the business but does not own it. IMO, this division is unethical and exploitative because it denies the worker the full value of their work.

Are there any political or social movements that push for policy or legislation that makes all businesses to be worker owned cooperatives?

I'm not from the UK, but I've been trying to understand more about UK politics because of the election and I've seen headlines saying the Starmer has been pushing the Labour party to the center. What does that mean in terms of policies he's said he will push? Also, now that they have won an overwhelming majority, do you think the party will actually use this opportunity to push the UK more left?

France’s left-wing and centrist parties have withdrawn hundreds of candidates from Sunday’s parliamentary elections, in a move aimed at thwarting the formation of the country’s first far-right government since World War II.

Macron’s centrists and the left-wing New Popular Front (NFP) hope they can prevent such an event, with the president telling a closed-door meeting of ministers at the Elysee Palace on Tuesday that the top priority was blocking the RN from power.

That would involve supporting members of the far-left France Unbowed party (LFI) if necessary, Macron said, despite some opposition from members of his own party.

France’s left-wing and centrist parties have withdrawn hundreds of candidates from Sunday’s parliamentary elections, in a move aimed at thwarting the formation of the country’s first far-right government since World War II.

Macron’s centrists and the left-wing New Popular Front (NFP) hope they can prevent such an event, with the president telling a closed-door meeting of ministers at the Elysee Palace on Tuesday that the top priority was blocking the RN from power.

That would involve supporting members of the far-left France Unbowed party (LFI) if necessary, Macron said, despite some opposition from members of his own party.

From the article: Amazon Labor Union workers have joined forces with one of biggest unions in the US, hoping to get Amazon to the bargaining table.

Can credit union and coop banks replace traditional banks completely?

Edit (adding additional question): Has there been an attempt to do this on a national or societal level?

From the article:

Scientists have caught a once-in-a-billion-years evolutionary event in progress, as two lifeforms have merged into one organism that boasts abilities its peers would envy. Last time this happened (1.6 billion years ago), certain advanced cells absorbed a type of bacteria that could harvest energy from sunlight. These became organelles called chloroplasts, which gave sunlight-harvesting abilities, as well as a fetching green color, to a group of lifeforms you might have heard of – plants.

And now, scientists have discovered that it’s happening again. A species of algae called Braarudosphaera bigelowii was found to have engulfed a cyanobacterium that lets them do something that algae, and plants in general, can’t normally do – "fixing" nitrogen straight from the air, and combining it with other elements to create more useful compounds.