A raging debate is underway across the country, in Congress, and between the incoming Obama and outgoing Bush administrations on the fate of the US auto industry.

Critics argue that for over a decade, the United States has been striving to create commercial inroads into Latin America by way of bilateral free trade agreements that benefit US economic interests to the detriment of those of Latin America.

The market mechanism is an effective control device for a myriad of unimportant decisions, and as an arbiter of the economic value of a commodity. But it fails important equity, efficiency, and stability tests.

The battle to define the outcome of the 2008 elections began in earnest just seconds after the TV networks projected Barack Obama the winner. Most commentators focused on the historic nature of Obama's win, while conservatives immediately dropped their accusations that Obama advocated socialism.

More than 1.1 million jobs have been lost since the beginning of 2008, according to the latest data from the Department of Labor released Nov. 7th.

In a letter circulated this week to the staff and leadership of the United Steelworkers union (USW), USW President Leo Gerard expressed jubilation at the election of Barack Obama.

HAVANA, Cuba, Nov 6 (acn) Michael Mauricio, president of the Florida Produce company from the US, participating in Havana's International Trade Fair (FIHAV 2008), said he was in favor of an improvement of trade relations between Cuba and his country.

Striking a unifying theme, President-elect Barack Obama told a crowd of an estimated 1 million people in Chicago, Illinois and millions watching and listening around the world, that "America is not and never has been just a collection of red states and blue states."

Discussions of the current world economic crisis tend to focus exclusively on the bursting of the housing bubble in the United States. This no doubt is the immediate cause of the crisis, but underlying its operation is the fact that the stimulus for booms in contemporary capitalism has increasingly come from such bubbles.

The financial crisis has global effects. It has driven the world economy into a recession resulting in extreme stock price losses and increasing effects on the material economy in large extent, as currently experienced in the German automobile industry.

Like the nationalization of Northern Rock in Britain, US President George W Bush's plan to bail out Wall Street finance corporations to the tune of $700 billion has spread ideological confusion far and wide.

Amid the deepening global financial crisis that has triggered an economic downturn, the socially disadvantaged are suffering most. At the world's leading automaker, Toyota Motor Corporation is firing a large number of fixed-term employees.

Most working families have felt tough economic times for several years now, but economists have refused to designate these conditions as a recession. A perfect storm of severe economic data has made it harder to deny, however.

With nine straight months of job losses, declining incomes, collapsing in consumer spending, rising in home foreclosures, and a contraction of the GDP, recession sees most working families preparing for the worst.

Re-Legalizing collective bargaining and union organization through the Employee Free Choice Act holds the promise of workers freely choosing to involve themselves directly in the legal bargaining process over income and conditions of employment.

Nine straight months of job losses, a collapse in consumer spending, growing home foreclosures, and few good signs for the future, all point, economists now say, to the fact that recession has overtaken the economy.

It is impossible to keep count of the billions of dollars of taxpayers’ money being handed out by governments and central banks to salvage the largest financial institutions and shore up a crisis-ridden capitalist system.

In an Oct. 21 statement noting that global capitalism is "on the edge of the abyss," the Canadian Labour Congress says that "dramatic recent events have thrown into sharp relief some chronic and long-standing problems of our global and national economic system.

People of the United States. Capitalism. Capitalism. People of the United States. There, you’ve been introduced. Don’t say I’m not a good host.

John McCain's desperation took a few big rhetorical leaps this week as he tried to portray himself as just another anti-Bush candidate.