economy – Page 225 – People's World

‘Country needs our help’ — progressives urged to rally around recovery plan

January 29, 2009 By Special to People’s World

WASHINGTON — With more people filing for unemployment than at any time in the past quarter century amid the worst financial crisis since the Great Depression, the head of a key center for labor and progressive...

House set to vote on economic stimulus package

January 29, 2009 By Joe Sims

With over 75,000 layoffs announced earlier in the week, the House of Representatives is set to vote Wednesday on a $825 billion economic stimulus package, the American Recovery and Reinvestment Act, HR 1. The plan is...

Detroit rally backs Obama economic recovery program

January 16, 2009 By John Rummel

DETROIT — 2009 is beginning as those who voted for change imagined: grassroots groups are turning the hope that blossomed last November into action. In this hard-hit city, organizing is under way to change things from...

California budget: Back to Square One, as disaster looms

January 9, 2009 By Marilyn Bechtel

he Gordian knot that is California’s budget process got a lot more complicated this week, as Republican Governor Arnold Schwarzenegger Jan. 6 vetoed a complex of compromise budget measures legislative Democrats sent him for signature, after...

10 truisms of capitalism from the mouths of robber barons

November 13, 2008 By Norman Markowitz

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.