economy – Page 226 – People's World

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.

To bail or not to bail?

October 2, 2008 By John Wojcik And Teresa Albano

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...