Big Three Look for More Aid, Boost Production Offshore
As poor business decisions and the deepening recession forced the US-based Big Three automakers to seek a financial bailout from the US government totaling $25 billion last year, production in other countries by those car makers outpaced US production.
It's About the Economy: The Employee Free Choice Act, Unions and Working Families
The Employee Free Choice Act was introduced in Congress last week to the delight of the labor movement and to the chagrin of top CEOs of companies like Wal-Mart, government bailout recipients like Citgroup, and a host of pro-big business front groups with dubious names like the Workforce Fairness Institute.
Tell the Senate to Give Homeowners a Bailout
While banks and mortgage lenders get bailed out, families across the country are increasingly facing the prospect of losing their homes. There's a new bill in Congress that would help: the Helping Families Save Their Homes in Bankruptcy Act. It would enable struggling homeowners to renegotiate the terms of their loans and stay in their homes.
Stimulus Dollars Begin to Roll, GOP Govs. Block Recovery
The president's economic recovery package passed in mid-February, and many of its funds for job-creating projects and provisions are on their way to the states. Political motives on the part of some of the nation's governors, however, seem to be causing economic recovery to grind to a halt.
Women Applaud President's New Council to Promote Equality
Women's equality and health organizations celebrated the creation of a new White House Council on Women and Girls this week. With an executive order, President Obama created the office to prompt 'every government agency' to address 'the challenges confronted by women of all ages,' a White House press statement explained.
World Crisis Slams Mexico
Like every other country on the planet, Mexico is being hit hard by the world financial, banking and economic crisis. As in other relatively poor countries, the impact is shaping up to be especially hard on those who have already lost the most from the neo-liberal policy package of free trade, privatization and austerity.
A Day in the Life of a Social Arsonist
My job is to meet with people across Southern California and figure out what moves them, why they do what they do. There amidst the variations of a kitchen table, lazy couch, or occasional pristine Starbucks, I have found that unfortunately this thing of being moved is contagious.
Lessons from the Great Depression for Economic Recovery in 2009
In the last few months, I have found myself uttering the words 'worst since the Great Depression' far too often: the worst twelve month job loss since the Great Depression; the worst financial crisis since the Great Depression; the worst rise in home foreclosures since the Great Depression.
Venezuela’s Monthly Inflation and Unemployment Rates Drop
Monthly inflation in Venezuela dropped to 1.3 percent in February from 2.3 percent in January, an indication that last year’s high rate of monthly inflation may be coming under control. Also, the unemployment rate in January was 9.5 percent, a decrease from what it was at the beginning of 2008 but represents a typical seasonal increase since December.
What the Dow is Not
To hear some in the corporate media tell it, you judge a president by how the Dow Jones Industrial Average is performing – and, thus, Barack Obama is not doing a very good job.
