GM to Shut Down Saturn Division; 13,000 Jobs to Be Eliminated In other business news, General Motors has announced it will shut down its Saturn … Bank of America CEO to Receive $125 MillionRead more
Economics
Posted inEconomics
Global Military Spending Rose to $1.46 Trillion in 2008
A new study by the Stockholm International Peace Research Institute has found global military spending rose four percent last year to a record $1.46 trillion … Global Military Spending Rose to $1.46 Trillion in 2008Read more
Posted inAutomobiles / Economics / Financial crisis / USA Empire
Nationalizing Auto giant
Auto giant General Motors filed for Chapter 11 yesterday in one of the largest bankruptcy cases in US history. Shortly after the filing, GM said … Nationalizing Auto giantRead more
Posted inEconomics / Social / Worker
Fire the boss, Workers can run bussiness
Many of the workers’ struggles that we’ve been seeing around the world in this moment of crisis have been for people to just get their … Fire the boss, Workers can run bussinessRead more
Posted inEconomics / Financial crisis / Social
You got bailed out; we got sold out
Nearly a thousand workers at the Chicago-based apparel firm Hart Schaffner & Marx, or Hartmarx, recently voted to “sit in” to save their jobs in … You got bailed out; we got sold outRead more
Posted inEconomics / Financial crisis / USA Empire
What crisis? Get out of our way. We don’t want any more of your money
The tax changes are the latest in a series of proposals billed by the Obama administration as a dramatic overhaul of the deregulated financial system … What crisis? Get out of our way. We don’t want any more of your moneyRead more
Posted inEconomics
$50 bln loan program would spark nukes
‘WASHINGTON, Oct 29 (Reuters) – The chief executive of Exelon Corp (EXC.N), the largest U.S. nuclear power generator, said an additional $50 billion in government … $50 bln loan program would spark nukesRead more
Posted inEconomics / Oil
Ditch the Dollar
The dollar is sliding on the currency markets this morning after reports by the Independent newspaper that Arab states are in secret talks with China, … Ditch the DollarRead more
Posted inEconomics / Energy
The hidden costs of energy production
’A report just released by the National Academies of Science estimates the ‘hidden’ costs of energy production and use. These costs, which include human health … The hidden costs of energy productionRead more
Posted inEconomics
Alternative currencies
The alternative currency, with the Stroud Pound and the Brixton are launched. How does an alternative currency work? At its most basic level, it keeps … Alternative currenciesRead more