The Bush-McCain offshore oil drilling proposal is taking more hits. This time from Republicans. According to the Miami Herald, Republican Florida state legislator Marc Rubio described the Bush-McCain claim that new offshore drilling would lower gas prices as "disingenuous."

Venezuelan President Hugo Chávez announced the creation of a new social program, known as a “mission,” which will provide treatment and rehabilitation to children in situations of drug and alcohol addiction, abandonment, exclusion, or vulnerability.

As anxious banks sack staff and brace themselves for the next crash, the question being asked in the financial columns of the media is: who will be next? No doubt a very important question for the banks.

The George W. Bush-John McCain plan to lift the ban on offshore drilling will not lower the price of gas or put gas in your car, but it will help Big Oil. This was the consensus of three current and former East Coast governors, who announced their opposition to John McCain's proposed energy policy June 18 on a teleconference with reporters.

While there has been widespread reporting of the riots that have broken out around the world as a result of the global food crisis, little attention has been paid to the way forward.

David Ricardo, the outstanding predecessor of Marx, had visualized the process of capital accumulation getting constrained by the non-availability of adequate supplies of land.

In the wake of the widespread U.S. sub-prime mortgage crisis, speculative funds began to flow into the oil and grains markets, pushing up their prices. The trend is so powerful that it is very difficult to keep these moves under control. Observing this situation, some economic analysts are saying, “Capitalism is reaching its limits.”

One of the reasons behind the global upsurge in food prices was the diversion of land from foodgrain cultivation to biofuel production, which has been facilitated by high subsidies in countries like the US.

The idea that John McCain will pick up women voters who backed Clinton is "mythology" and a "pipe dream," said Ellen Malcolm, president of Emily's List, a women voter's organization that had strongly endorsed Hillary Clinton in the primaries.

15 million. That, according to data complied by the Department of Labor, is the approximate number of full-time jobs needed to put unemployed, underemployed, and discouraged workers back to work in the U.S.

Unemployment rose in May, from 5% to 5.5%, the largest one month jump in over 20 years. The national average for a gallon of gas reached $4 this week, with the upward spiral expected to continue.

International Labor Organization Director General Juan Somavia, speaking at the annual conference of ILO in Geneva this week, summoned labor rights advocates to urgently challenge what he called globalization without social justice.

Speculation in the world financial market has played an important role in skyrocketing oil prices, among other factors such as supply woes and a weak dollar, analysts said.

Georgetown, Jun 5 (Prensa Latina) Caribbean officials and businesspeople will meet in this capital of Guyana on June 6-7 to discuss about two dozen proposals to be presented to investors in order to attract them to put their money into food production in this region.

Cuba stressed in Rome today that hunger and malnutrition are the consequences of an international world order that maintains and deepens poverty, inequalities and injustice.

The New Deal government represented new forces and politics. It operated through the Democratic Party. It made the Democrats as a party the majority party of the country, something they had not been since before the Civil War.

David Brooks (the NYT's ultra-conservative mouth piece) has written an open letter to the presidential candidates (Dear Senators Obama, Clinton and McCain) which appeared 5-30-2008 ["The Reality Situation"].

An increasing number of working families are "being swamped by a rising tide of income instability," says a new report released by labor-backed think-tank Economic Policy Institute this week.

Pero si yo tuviera que resumirlo y proyectar un escenario, creo que nos enfrentamos a varios años con una economía muy débil y temblorosa que para mucha gente equivaldrá a una recesión prolongada, aunque no lo será formalmente.

If I had to put it all together and lay out a scenario, I think we are facing years of a very weak and stumbling economy that will feel to many people like an extended recession, even if it is not formally one.