The Capitalist Crisis and Credit (2008)

We can expect that the recent oft reported suggestions that there are going to be schemes to regulate remuneration for future bank executives is probably in grave danger, even while such schemes are only glints in the eye of the government.

Presidential Debate Fact Check: McCain's Big Bank Bailout

Exactly one month after the Wall Street meltdown, after weeks of pretending the 'fundamentals of the economy are strong,' John McCain finally offered a plan on resolving the crisis.

Revising the Social Contract

A few points from the the continuing economic crisis. The Bush administration, tailing the major European governments injection of hundreds of billions of euros into their banking systems, has a plan to inject $250 billion into the system.

Taxpayers and the True Price of Oil

The US government spends as much as $215 billion each year on military action globally to defend Big Oil's access to petroleum reserves around the globe in order to feed our addiction to oil, according to a new analysis published this week by the National Priorities Project.


Some Reflections on the Turbulence of Alan Greenspan

The current meltdown of the world financial system provides a good backdrop for some reflections Alan Greenspan's introduction to his 2007 memoir, The Age of Turbulence, which is subtitled 'Adventures in a New World.'

Nationalize the Banks, Employ the Unemployed

Last week the major economies of the world, including the US, European Union, China, Russia and Brazil, carried out an unprecedented and coordinated reduction of interest rates in an effort stabilize the global financial crisis. The effort itself was not immediately successful.

Wal-Mart's Right-wing Agenda

To the tune of tens of millions of dollars, multinational retail giant Wal-Mart has been funding a right-wing political agenda, according to the Web site .


McCain's Lobbyists Drive Anti-Middle Class Policies

During the presidential debate this week, John McCain appeared to debate his own record on the question of lobbyists. At one point, McCain said, “There is too much special interests and too many lobbyists working there.' But no presidential campaign has had more ties to Washington's lobbyist culture than John McCain's.

Guide to Economic Crisis, Week 4

What will be impact of the Wall Street bankruptcies, bailouts and blunders on working people in this country and worldwide? What's the solution to the crisis?

Guatemala Forum Decries FTA with US

The free trade agreement between Central American and the US has failed to accomplish all the supposed fairness and pledges advocated by its promoters, participants at the Social Forum of the Americas stated here this week.

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