Newsitem List
"What is rational for individuals leads collectively into a cul-de-sac.. The fundamental error is that economic policy believes the crisis can be fought with the logic of a family budget. For that reason, the collapse of the euro zone threatens. Measures that restore trust in the future of the euro zone are necessary now." France goes a different way than Italy and Spain. The new socialist government in France fulfills an election pledge by lowering the initial retirement age to 60....
Posted: Wed, Jun 13, 2012 7:23am PDT
"The Occupy movement protests worldwide against the power of banks. The Indignados in Spain demonstrate against the system that gives them this crisis and high unemployment.. No saying has been criticized more vigorously than Margaret Thatcher's sentence there is no alternative to the present system..We must begin now to radically rethink and reorganize our life and work. The necessity was never greater and chances for a change were never better than today."...
Posted: Tue, Jun 12, 2012 6:35am PDT
The labor movement had better do some deep soul searching, and fast. Although the defeat in Wisconsin is the horrible end to a local drama, the corporate winners hope to turn their victory into the beginning chapter of a national novel....
Posted: Sun, Jun 10, 2012 10:49am PDT
Wisconsin Governor Scott Walker not only defeated the recall, he did so easily taking 54 percent of the vote. This is a big defeat for the union leadership who threw as many resources as they could afford behind this effort. How is it possible that this could have happened after all that had gone on before?...
Posted: Sat, Jun 9, 2012 10:51pm PDT
In the wake of the Wisconsin elections and the failure to unseat Governor Walker, AFL-CIO President Richard Trumka has issued a victory statement of sorts, resorting to the most tortured and convoluted logic....
Posted: Thu, Jun 7, 2012 6:34pm PDT
It’s not just about the current economic environment. History shows that slashing budgets always leads to recession [...]...
Posted: Wed, Jun 6, 2012 6:38am PDT
"A seeming consensus among economists can virtually force the shaping of political opinions.. For 30 years, neoliberalism marginalized all other schools, above all Keynesianism - and all of us hit a brick wall.. We must adjust for economic crisis years and for an epoch of indissoluble tensions, for confusion and trench-warfare.."...
Posted: Tue, Jun 5, 2012 7:15am PDT
This video is well worth an hour of your time: Yes, there are many documentaries out there about over-consumption, consumerism, etc, but this one stands out from the rest, in that it makes this excellent observation on the world economy: Our economy is based on over-consumption and consumerism, even planned obsolescence of products, and cannot function if the people were to overcome these "bad habits"....
Posted: Mon, Jun 4, 2012 5:37am PDT
"High growth has a well-known hook. Surpluses are only possible when natural resources from clear water to rare earth are available, when the energy supply is guaranteed and when the pollutant sinks have sufficient receptive capacities... New debtors are important again. The debtors are now those states that had to become indebted to bailout the private banks.."...
Posted: Mon, Jun 4, 2012 5:27am PDT
The Socialist Party USA Presidential Candidate Stewart Alexander says that the most recent jobs report represents the bankruptcy of Obama’s economic policy....
Posted: Sun, Jun 3, 2012 2:45pm PDT
The US jobs report for May just came in, and it showed the Clunker Capitalist economy created only 69,000 new jobs last month(in addition, the Labor Dept. revised the March and April new job numbers downward, meaning less jobs were actually created than were reported previously). Considering that even corporate apologists have been saying that a minimum of 200,000 new jobs need to be created every month, if the much-touted economic "recovery" is actually happening. Evidently, the derivative-d...
Posted: Fri, Jun 1, 2012 10:58pm PDT
Gold jumps after today's jobs report. What does it all mean?...
Posted: Fri, Jun 1, 2012 10:49am PDT
This election is different, and so is Barry Hermanson. Because of the new “Top Two” primary system, the top two candidates in the June 5 primary will be on the ballot in November, regardless of party affiliation. Are you tired of the total lack of any real debate in the general election between Nancy Pelosi and some retrograde Republican candidate? I am....
Posted: Thu, May 31, 2012 6:36pm PDT
"The first step toward public ownership is recognizing that it is not the radical departure most imagine it to be. Two of the most cost-effective health providers in the United States—one a far-reaching insurance system, Medicare; the other a direct hands-on healthcare delivery system, the Veterans Administration—are run by the government. So, too, the largest pension manager in the country is a public entity: the Social Security Administration.
The US Postal Service, which employs 645,000 me...
Posted: Tue, May 29, 2012 5:24am PDT
CLASSE, which estimated the crowd at 250,000, described the march as "the single biggest act of civil disobedience in Canadian history.".... Other crowd estimates varied between 75,000 and 150,000 protesters....
Posted: Fri, May 25, 2012 12:46pm PDT
All the new rules put into place by the act were directed against employees, despite the neutral-sounding language. Proponents of the act claimed it was a response to the Wagner Act primarily circumscribing management, but such circumscription was the point: Employees had possessed no rights, and the 1935 act was intended as rectification. Taft-Hartley was an attempt to take back as many of those hard-won rights as possible....
Posted: Wed, May 23, 2012 2:19pm PDT
"After all the brinkmanship and game playing over the debt limit last year, and after being ridiculed by pretty much everyone, the Republicans are back at it. In an election year and with last year’s plunge in the polls as evidence that voters just don’t agree with their tactics."...
Posted: Wed, May 23, 2012 6:47am PDT
Qualitative growth, breaking out of the box of quantitative growth, is the key to solving mass unemployment, environmental destruction and trade imbalance. A job in education costs 1/10 what a job in a chemical dye plant costs. The media is part of a system that refuses change. Alternative economics includes reducing working hours, community centers, person-oriented work, labor-intensive investment and soft power....
Posted: Tue, May 22, 2012 6:15am PDT