Nobel Prize winning economist Paul Krugman recently opined in his New York Times column that the about-to-be-released Obama plan to resuscitate a financial system on life support “is more than disappointing. In fact, it fills me with a sense of despair.”
On April 10, family members of the Cuban Five will again apply for U.S. visas. For Adriana Perez, it will be the 10th time she tries to obtain a visa to see her husband, Gerardo Hernandez, who has been serving an unjust sentence in U.S. prisons for nearly 11 years. Over that time, our government has denied this husband and wife any possibility of seeing each other. It’s time for a change.
The populist outrage over AIG bonuses, and bailouts that seem to pay off the perpetrators of the financial crisis — while millions are left out of work with no medical benefits, and unemployment benefits running out long before job growth returns — is heading towards a social and political, not just economic, tipping point.
No group of Minnesotans are more qualified to comment on the challenges of delivering public services during a period of diminishing resources than our state’s city mayors. Minnesota 2020, in partnership with the Coalition of Greater Minnesota Cities, and Macalester College, surveyed 43 greater Minnesota mayors about the critical issues facing Minnesota cities.
Secretary of the Treasury Timothy Geithner unveiled the latest and most expansive bank rescue plan to date since the global financial crisis began to deepen in August 2007.
Because of the election of Barack Obama, the American people in their great majority have a leg up, but there is still a long way to go. To his credit, the new president is off to a quick start. In less than three months in office he has:
Communist economist Paul Boccara has just published a book about the transformations and the crisis of global capitalism, in which he deals with the financial crisis, among other topics. Paul Boccara puts forward proposals to initiate emancipation from this 'gone mad' system.
Last fall, Congress approved $770 billion to stave off financial collapse, to free up credit, to staunch the hemorrhage of layoffs and foreclosures. But the layoffs and foreclosures have gotten worse. The nation’s economy continues to plummet. What happened?
Gregory Robinson is dead. Shot in a car. He threw himself on a baby in the back seat while the gun fired from an unknown assailant. He was only 14. His family said he died a hero. He’s the 28th Chicago Public School student to be killed by gun fire this school year.
We knew that 2009 would be a historic year, with the inauguration of the first African American president and the deepening of what is likely to be the most serious fiscal crisis since the Great Depression.