Democratic defeats in Virginia and New Jersey reveal the destruction that the extended downturn is wreaking on workers' employment, and income, and stability.
On California's north coast, the sea used to provide many a worker and family a decent living - but no longer.
The Republican attacks on extending the economic stimulus, on universal health care, on climate change legislation and financial reform all make reference to the exploding deficit and to the burden an immense debt may place on succeeding generations.
A Texas theologian challenges the idea that Jesus Christ's teachings must be contorted into support for big business and the "status quo."
Goldman Sachs and J.P. Morgan Chase are back to the "old normal." Profits are soaring - $3.2 billion and $3.6 billion respectively in the third quarter
This week, July 4, 2009, on the road to economic recovery. The official unemployment rate now exceeds 9.5%--the worst in at least 25 years. The unofficial -- including discouraged, underemployed, and otherwise discarded workers -- rises above 15%. African-American and Latino men are taking the hardest hit. Urban unemployment among young men now nears 50%. Some call unemployment a 'lagging indicator' -- but unchecked, it will become the leading, and controlling, indicator.
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.
U.S. President Barack Obama's administration on Tuesday unveiled its long-expected reshaped financial rescue plan.
The callousness and greed of today’s bankers, financiers and corporate CEOs calls to mind the 19th century robber barons. Here’s a relevant sample of classic statements made by some of the worst U.S. capitalists in history.
The difficulty in sealing a deal to relieve the financial crisis is no surprise. People on Main Street are fuming over the Bush administration’s $700 billion “cash for trash” proposal to bail out Wall Street at taxpayer expense.