Nationalization (Not Loans) Can Save US Auto
A raging debate is underway across the country, in Congress, and between the incoming Obama and outgoing Bush administrations on the fate of the US auto industry.
Dealing with a Bad Deal: Two Years of DR-CAFTA in Central America
Critics argue that for over a decade, the United States has been striving to create commercial inroads into Latin America by way of bilateral free trade agreements that benefit US economic interests to the detriment of those of Latin America.
How More Socialism Could Fix the Economy
The market mechanism is an effective control device for a myriad of unimportant decisions, and as an arbiter of the economic value of a commodity. But it fails important equity, efficiency, and stability tests.
Election 2008: Where is the Center?
The battle to define the outcome of the 2008 elections began in earnest just seconds after the TV networks projected Barack Obama the winner. Most commentators focused on the historic nature of Obama's win, while conservatives immediately dropped their accusations that Obama advocated socialism.
Jobs Report Signals Need for New Stimulus Package
More than 1.1 million jobs have been lost since the beginning of 2008, according to the latest data from the Department of Labor released Nov. 7th.
Steelworkers Leader Urges Pro-working Families Agenda Under Obama
In a letter circulated this week to the staff and leadership of the United Steelworkers union (USW), USW President Leo Gerard expressed jubilation at the election of Barack Obama.
US Businessman Supports Trade Relations with Cuba
HAVANA, Cuba, Nov 6 (acn) Michael Mauricio, president of the Florida Produce company from the US, participating in Havana's International Trade Fair (FIHAV 2008), said he was in favor of an improvement of trade relations between Cuba and his country.
Obama's Speech: Unity is the Theme
Striking a unifying theme, President-elect Barack Obama told a crowd of an estimated 1 million people in Chicago, Illinois and millions watching and listening around the world, that 'America is not and never has been just a collection of red states and blue states.'
Inject Demand into the Economy not Liquidity
Discussions of the current world economic crisis tend to focus exclusively on the bursting of the housing bubble in the United States. This no doubt is the immediate cause of the crisis, but underlying its operation is the fact that the stimulus for booms in contemporary capitalism has increasingly come from such bubbles.
Socialize the Banks
The financial crisis has global effects. It has driven the world economy into a recession resulting in extreme stock price losses and increasing effects on the material economy in large extent, as currently experienced in the German automobile industry.
