2
Feb
[VIDEO] How food market speculation is starving the world’s poor
From WEED
What needs to be done
To prevent financial speculators from generating profits at the cost of the poot, we need strong regulation of commodity derivatives markets. This includes:
• Trade on transparent exchanges or clearing houses
• High margin requirements for Over-the-counter trade
• Reporting and public reports
• Price oversight and price limits
• Prevention of excessive speculation through position limits
• Trading prohibition for institutional funds, mutual funds and for proprietary trading
• Control of the speculation by multinational commodity companies
• Transaction tax on commodity derivatives trading
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Justice for UBS Cleaners Protest
As Union Bank of Switzerland (UBS) announce quarterly profits of £772 million this week, cleaning workers and their supporters will be demonstrating at their London offices on Friday 12th February.
The demonstration is in protest at attacks on workers’ pay and the dismissal of Alberto Durango, the cleaners’ now former shop-steward.
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