Solidarity 3/147, 12 March 2009

Vote John Moloney for PCS Deputy General Secretary

The coming election for Deputy General Secretary of the civil service union PCS will be a choice between the old centre-right of the union and a candidate, AWL member John Moloney, backed by the Independent Left.

The PCS union “machine”, though on paper left wing — dominated by the Socialist Party — will be backing the centre-right candidate, Hugh Lanning.

What “quantitative easing” means

Author: 
Martin Thomas

The Bank of England’s move in early March to a new monetary tactic — “quantitative easing” — came alongside much economic-disaster news.

The banks “bailed out” so lavishly last year still need more bailing out. Lloyds TSB, which was supposed to be a “strong” bank capable of saving HBOS by buying it out with Government aid, turns out to be as much a basket case as any other.

Obama sets plans for Iraq pull-out

Author: 
Rhodri Evans

On 27 February new US president Barack Obama announced his detailed plans for Iraq.

Small reductions in US troop levels have already started. After them the US military presence will remain large — 120,000-plus — until after the Iraqi elections scheduled for December 2009.

Then faster withdrawal is planned, and “combat” operations are due to end by 31 August 2010.