China, Venezuela Boost Economic Cooperation with $12 Billion Fund
Chinese Vice President Xi Jinping wrapped up his official visit to Venezuela yesterday, signing a dozen new agreements with Venezuelan President Hugo Chavez in the areas of energy, telecommunications, information, and agriculture.
Squatters See Silver Lining in Foreclosed Homes
With foreclosures skyrocketing and U.S. families sinking deeper into poverty, a number of organisations are turning to a new strategy to end homelessness: moving families into vacant, foreclosed houses that are currently owned by banks or the government.
Obama Plan to Aid 9 Million Homeowners
What do you do when congressional Republicans, out of a rigid ideological desire to see you fail, appear set to block any proposal you make? Go around them.
Australia: End Privatization, Build the Public Sector
The Rudd government’s $42 billion stimulus package passed through the Senate last Friday, with the support of the five Greens senators, South Australian independent Nick Xenophon and Family First Steve Fielding. The Coalition were politically left out in the cold.
White Recession, Black Depression
Nearly 30 percent of Blacks have zero net worth. We should remember racial inequality is most pronounced during economic hard times.
Economic Stimulus Sparks Hopes for Jobs and Recovery
When President Barack Obama signed the American Recovery and Reinvestment Act into law Tuesday, Feb. 17, he put into motion a mammoth effort to invest in the US economy and create or save 3.5 million jobs over the next two years.
Canada: Unemployment Tops 1.3 Million
The Canadian Labour Congress has responded to news that Canada lost 129,000 jobs in January with a renewed call for the federal government to make urgently-needed improvements to the Employment Insurance program.
29th Annual Poor People's Day Held at Georgia Capitol
ATLANTA - About 75 local and state activists descended on the Georgia State Capitol Thursday, February 12, 2009, via a boisterous caravan to unveil The People's Bailout, a plan for ordinary Georgians.
Stimulus Passes, Will Boost Education Spending
President Obama's economic stimulus package won final passage in Congress Friday, Feb. 13. The White House is expected to hold a prime time ceremony to sign the bill into law and set in motion a massive effort to jump start the failing economy.
Call for Military Budget Cuts
The United States is facing an economic crisis unlike any it has seen 80 years. Already trillions have been spent on the bailout by the Federal Reserve and FDIC. Now the Congress is about to approve an economic stimulus that will cost more than $800 billion.
