Pres. Evo Morales Stresses Incompetence of Capitalism

HAVANA, Cuba, June 11 (acn) – The President of the Plurinational State of Bolivia, Evo Morales, affirmed on Thursday that capitalism is unable to solve the current world economic crisis, and highlighted how the natural resources are nationalized in his country and not poverty.

Light at the End of the Unemployment Line? (June 11th)

Accurately sensing a growing anxiety among Americans that an economic turnaround hasn't been swift enough, the Obama administration this week made a strong push to announce the speed up of economic stimulus projects.


Cartoon: Capitalism, Wipeout...

A recent poll showed just about half of Americans think capitalism is better than socialism. With the collapse of the financial system and the economy, the ideology of the free market has fewer and fewer adherents.

Rich Country, Poor People

The USA is by all accounts the richest nation on Earth. Hardly surprising, really: rich natural resources allied to rapidly developing industry and commerce gave it a head start.

Jobs Numbers Signal Economic Bright Spot

When would losing 345,000 jobs from the economy in a single month seem like a big break? After eight straight months of losing more than 500,000 or 600,000 per month, this month's unemployment numbers put out by the Department of Labor (DOL) must seem like a refreshing change.

Light at the End of the Unemployment Line? (June 4th)

With the monthly unemployment numbers for the month of May due Friday, June 5th, economists estimate the national unemployment rate will rise from 8.9 percent to 9.2 percent, with the total job losses over the course of the month to be slightly lower than in April.


Greed as an Explanation of Crisis

There is a very common view that the current financial crisis of the capitalist world, and its fall-out in the form of the most severe slump since the Great Depression of the 1930s, are a consequence of “greed” on the part of the financial sector.

Activists Protest Chamber of Commerce Opposition to Employee Free Choice

Across the country, local faith and community leaders will be confronting their local and regional Chambers of Commerce next week to expose their role in propagating misinformation round the Employee Free Choice Act.

Health Care Reform is an Economic Necessity

Washington, DC – Health care reform is more than a social imperative – it is an economic necessity. A new study by the President's Council of Economic Advisers demonstrates that the current American health care system is on an unsustainable path.

GM: America's Car Company

We all own General Motors now. The US government will provide about $30 billion and the Canadian government will chip in another $9 billion to keep General Motors (GM) afloat through a bankruptcy process that began June 1st.

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