Jan 12 2009
Original article, by Patrick Martin, via World Socialist Web Site:
Front-page reports in two leading US newspapers Sunday signal a ratcheting up of US pressure on Iran and the preparation of American public opinion for a new round of US military aggression.
Jan 08 2009
Original article, by Patrick Martin, via World Socialist Web Site:
Barack Obama took the occasion of his first press appearance in Washington as president-elect to declare his determination to impose policies of budgetary austerity, including the elimination of entire federal programs and cost-cutting in the entitlement programs such as Social Security, Medicare and Medicaid that are of vital importance to tens of millions of elderly and poor people.
Jan 03 2009
Original article, by Joe Kishore, via World Socialist Web Site:
Manufacturing in the US is collapsing, with a key index falling to its lowest level in 20 years on Friday. Other figures released yesterday show a downturn in production throughout the world.
Jan 02 2009
Original article, by Nick Beams, via World Socialist Web Site:
Whenever a historical review is made certain years attract attention because of the decisive events with which they are associated. The years 1914, 1929, 1933, 1939 and in more recent times 1956 and 1989 are some that come to mind. The year 2008 is destined to join this group.
Jan 01 2009
Original article, by David Walsh (duh!), via World Socialist Web Site:
2008 will be remembered as the year of a global economic crash and a turning point in modern history. It will not be recalled as a great year in filmmaking, despite a few bright spots. How, when and through whose efforts the consequences of the unfolding economic calamity for masses of people worldwide will find artistic expression is still impossible to say.
Dec 05 2008
Original article, by Jerry White, via World Socialist Web Site:
The CEOs of Detroit’s Big Three auto companies are appearing before the Senate Banking Committee today to present plans for the restructuring of the US auto industry as they seek federal loans to avert bankruptcy. The plans involve the destruction of the jobs and living standards of tens of thousands of auto workers and factory closures that will devastate communities across the country.
Nov 27 2008
Original article, by Jerry White, via World Socialist Web Site:
On Tuesday, November 18, the New York Times published an article by one of its leading business columnists, Andrew Ross Sorkin, which places the blame for the downfall of General Motors on the supposedly “gold-plated” and “off-the-charts” wages and benefits of auto workers.
Nov 24 2008
Original article, by Patrick Martin, via World Socialist Web Site:
The economic plan announced Saturday by President-Elect Barack Obama, with the goal of “saving or creating” 2.5 million jobs in 2009 and 2010, is a measure that has already been outstripped by events. The deepening crisis of American and world capitalism could destroy that many US jobs in the next six to nine months alone.
Nov 11 2008
Original article, by Tom Eley, via World Socialist Web Site:
Monday brought a number of fresh indications-including mass layoffs, bankruptcies and negative labor market data-that the US is entering a deep economic crisis.
Nov 01 2008
Original article, a perspective from Barry Grey, via World Socialist Web Site:
The Wall Street Journal published a front-page article Friday reporting that the nine biggest US banks, which have received a combined $125 billion in taxpayer funds as part of the $700 billion bailout authored by Treasury Secretary Henry Paulson and passed by the Democratic Congress, owed their executives more than $40 billion for recent years’ compensation and pensions as of the end of 2000.
Oct 22 2008
Original article, by Patrick Martin and subheaded Biden’s chilling remarks at fundraiser, via World Socialist Web Site:
In remarks made over the weekend in Seattle, Democratic vice presidential candidate Joseph Biden warned that Barack Obama, if elected president, would be compelled to take deeply unpopular actions in both domestic and foreign policy within months of taking office.