Why Nationalization isn't Socialism
Like the nationalization of Northern Rock in Britain, US President George W Bush's plan to bail out Wall Street finance corporations to the tune of $700 billion has spread ideological confusion far and wide.
Japan: Despite $17 Billion in Profits, Toyota Fires Thousands
Amid the deepening global financial crisis that has triggered an economic downturn, the socially disadvantaged are suffering most. At the world's leading automaker, Toyota Motor Corporation is firing a large number of fixed-term employees.
Recession Hammers Working Families
Most working families have felt tough economic times for several years now, but economists have refused to designate these conditions as a recession. A perfect storm of severe economic data has made it harder to deny, however.
McCain-Palin Campaign Dipped in Oil
With nine straight months of job losses, declining incomes, collapsing in consumer spending, rising in home foreclosures, and a contraction of the GDP, recession sees most working families preparing for the worst.
A Stronger Dose of Socialism
Re-Legalizing collective bargaining and union organization through the Employee Free Choice Act holds the promise of workers freely choosing to involve themselves directly in the legal bargaining process over income and conditions of employment.
