Creating Jobs and Reviving Dreams: How a Government Jobs Program Can Save Obama's America
As the economy crumbles and the unemployment rate soars, government intervention in the economy has shifted from being an ideological position to a necessity. Bank failures and mass bailouts have led to calls for nationalization of the financial system.
Wall Street Wants 'Socialism for the Rich'
Treasury Secretary Tim Geithner this week presented an outline of the Obama administration's Economic Rescue Plan. He presented it in the general context of the Obama's administration's strong criticism of the banks and brokerage houses and their auxiliaries aka finance capital.
The Global Collapse: A Non-orthodox View
Week after week, we see the global economy contracting at a pace worse than predicted by the gloomiest analysts. We are now, it is clear, in no ordinary recession but are headed for a global depression that could last for many years.
Latin American Official Confirms Social Advances in Venezuela
The Executive Secretary of the Economic Commission for Latin America and the Caribbean of the United Nations (ECLAC), Ana Bárcena, confirmed the positive social statistics referred to by President Hugo Chávez during an interview with journalist Patricia Janiot last week on CNN.
ACORN Fights to Stop Evictions and Foreclosures
With millions of homes scheduled for foreclosure and no apparent solution to the credit crisis on the horizon, ACORN, a coalition of community organizations, has launched a campaign to help homeowners and renters stay in their homes and to demand a a comprehensive policy that helps homeowners renegotiate the terms of their mortgage and ease repayment.
Financial Crisis No Reason to Drop Immigration Reform Struggle
Immigrants in the United States, as well as activists supporting immigrant workers’ rights, are wondering what the impact of the current national and world financial crisis will be on immigration, and on efforts to get a better deal for immigrant workers, with or without papers, under the new administration.
Buy America Will Create US Jobs. We Need Lots of Jobs
The Buy America provision in the economic recovery package Congress now is finalizing has some rich and powerful voices against it.
Australians Demand Stimulus Package, Address Underlying Problems
To the millions of families and individuals who will be receiving a share of the federal government's $42 billion stimulus package – if it passes through the Senate – the money could not come soon enough.
Buy America and the Knee-Jerk 'Free Trade' Crowd
After ignoring the growth of an $8 trillion housing bubble, fueled by junk loans issued by over-leveraged banks, the 'free-trade' crew is worried that a 'buy America' provision in the stimulus bill will give us a trade war leading to another Great Depression.
USW Dispels 'Buy America' Myths
The United Steelworkers today called for an end to the myths and mistruths about “Buy America” and domestic sourcing that are clouding the debate and generating roadblocks to creating good jobs and renewing our economy.
