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
Financial crisis
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 / 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 inFinancial crisis / Politics / Social / USA Empire
Global Economic Crisis, Resistance to American Empire
If you look at the Financial Times, the world’s major business journal, the day before the G20 meeting, they had a section on it, and … Global Economic Crisis, Resistance to American EmpireRead more
Posted inFinancial crisis / Social / USA Empire
Protesters Tell Summers “We Want Our Money Back”
White House economic adviser Larry Summers was greeted with a hostile protest during a speaking appearance on Thursday. Earlier this week, the White House disclosed … Protesters Tell Summers “We Want Our Money Back”Read more
Posted inEconomics / Financial crisis / USA Empire
Saving the Banks with Saving the Bankers
The critical question that many Americans are obviously concerned about is the question of what do we do with the banks. And on that, he … Saving the Banks with Saving the BankersRead more
Posted inEconomics / Financial crisis / USA Empire
Altering Bailout Rules
Socialism is a dangerous word in America. This kid of spin happened when Stuart Ewen writes about in the Social History of Spin. Now they’re … Altering Bailout RulesRead more
Posted inEconomics / Financial crisis
The Silent Depression
One of the most important findings is that—the idea that the African American community never emerged out of the 2001 recession. As the country was … The Silent DepressionRead more
Posted inEconomics / Financial crisis
Financial Crisis
The Asian model of development, which is based on a free flow of capital and of dependence on exports, was something that was taught to … Financial CrisisRead more