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Deficit economies were organized mainly by finance capital. The expansion of this credit-financed mass demand went along with expansion of the financial sector in several industrial states. Trillions of dollars and Euros were pumped in the stabilization of financial markets. The Golden Age of capitalism ended in the early 1970s. Since the 1970s real wages in the US stagnated which contributed to the increase of profit rates from the 1980s....

ILUW members from locals 10, 6, 54, and SEIU 1021 are now holding a sit-in at the PMA (Pacifica Maritime Association) offices at 475 - 14th street, Oakland....

Below is the superb statement of Mr. Larry Collins, President, San Francisco Crab Boat Owners Association to the House Committee on Natural Resources’ Subcommittee on Water and Power, Fresno, California April 11, 2011. "For the sake of the salmon – and for the sake of the U.S taxpayers – we urge the Subcommittee to get behind west-side San Joaquin Valley badlands retirement," said Collins....

The financial crisis became an economic crisis and mutated into a state budget crisis when trillions were given to "system relevant" banks and private losses became public burdens. What is Plan B? How can the financial sector be shriveled? Can state banks (like N Dakota) be a model for reviving lending and the real economy? Is corruption responsible for the lack of prosecution in the banking frauds with new financial products? Is the government only a trough or plaything of big corporations ...

The power of workers to bring production to a halt was on dramatic display April 4th, when longshore workers of ILWU Local 10 shut down the ports of Oakland and San Francisco for 24 hours, in solidarity with the heroic struggles in Wisconsin. The big container port of Oakland was deader than a doornail Monday at 6:00 a.m. I saw a long snake-line of trucks bearing shipping containers idled on the roadway. The shipping cranes were all “standing at attention” – i.e., not working any containers. ...

AFL-CIO Secretary Treasurer Liz Shuler who was visiting the bay area for the April 4, 2011 rallies reiterated that the AFL-CIO continues to support nuclear power despite the catastrophe in Japan....

San Francisco's best Unions came out today to support public workers in Wisconsin and expose the greed of the giant corporations and banks who pay little or no taxes. The route pointed out a stack of such corporate offenders. This 4 minute video was shot on a Panasonic HM-TA1 flip type mini HD camcorder....

Labor Candidate Stewart Alexander has announced that he will seek the U.S. Presidential Nomination for the Socialist Party USA, the Peace and Freedom Party- California, and the Green Party USA. Alexander is also seeking support from the Freedom Socialist Party, the Liberty Union Party- Vermont and the support from working people from across the nation....

It was “1984” author George Orwell who wrote that political language “is designed to make lies sound, truthful and murder respectable, and to give an appearance of solidity to pure wind.” That is the case with the phrase man-made drought....

As many as 500,000 protesters marched in London on Saturday to protest Britain’s deepest cuts to public spending since World War II. The protests come after U.K. officials estimated corporate taxes would be reduced even as it tackles a $235 billion deficit and plans to cut more than 300,000 public sector jobs....