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Economy
  • Special Report with Editorial Comment by Arturo Rosales , Venezuelan National Statistics Office

    Editorial comment by Arturo Rosales: The basic information outlined below is what readers abroad will rarely see in the corporate media. From the BBC to CNN, FOX and the floundering big city newspapers. If such media ever did publish this information it would be an admission that Chávez’ economic policies... » read this article
  • WLWT News, Cincinnatti , News Report

    Man Says Actions Intended To Send Message To Banks Moscow, Ohio- Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique. Hoskins said he's been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a... » read this article
  • Peter Schwarz , WSWS

    Editor's comment: The EU attack on Greece, now underway, is a prime example of how national borders and sovereignty have been erased by the European Union. Greece joined the European Union and on January 1, 1981 and surrendered its currency, drachmas, for the euro on January 1, 2001. According to... » read this article
  • Dale Wetzel , Common Dreams/AP

    It has no automatic tellers or drive-up windows, doesn't issue credit cards, and tends only a few thousand checking and savings accounts. Its only location is a glass, steamboat-shaped headquarters near the Missouri River, where the business moved from its original 1919 home in a former auto assembly plant. The... » read this article
  • Louise Story, Landon Thomas Jr, and Nelson D. Schwartz , New York Times

    Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts. As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the... » read this article
  • Patrick Martin , WSWS

    2 February 2010 The Obama administration’s budget for the 2011 fiscal year, unveiled Monday, projects massive US government deficits for the next decade, fueled by gargantuan military spending and the impact of the financial and economic crisis of American and world capitalism. The US national debt is projected to more... » read this article
  • David Reilly , Bloomberg

    The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after... » read this article
  • John Bellamy Foster , Dandelion Salad

    Professor of sociology and editor of Monthly Review, John Bellamy Foster, talks about the triple crises facing the people of the United State today in the economy, the environment, and in the imperial wars and occupations in Iraq, Afghanistan and beyond.              John Bellamy Foster: The Crisis of Capital:... » read this article
  • Lee Sustar , Socialist Worker

    THE TIMING couldn't have been better for the Financial Crisis Inquiry Commission, which held its first public hearings on January 13-14. With their top employees set to enjoy huge bonuses thanks to taxpayer bailouts, the CEOs of the country's big banks should have been in the hot seat for their... » read this article
  • John Roberts , WSWS

    12 January 2010 A Free Trade Agreement (FTA) between the Association of South East Asian Nations (ASEAN) and China came into effect on New Year’s Day, creating the world’s third largest free trade bloc behind the European Union (EU) and the North American Free Trade Association (NAFTA). While limited in... » read this article
  • Peter Schwarz , WSWS

    At the start of the last decade, in March 2000, the European Union heads of state announced the Lisbon Strategy. Its aim, by 2010, was to make Europe “the most competitive and dynamic knowledge-based economy in the world, capable of sustainable economic growth with more and better jobs and greater... » read this article
  • Tom Eley , WSWS

    The new decade finds the US working class suffering a level of social misery not seen since the Great Depression. Unemployment, poverty, hunger, utility cutoffs, homelessness, foreclosures and bankruptcies have become common experiences for millions. But unlike in the Great Depression, when limited reforms were put in place in response... » read this article
  • Jerry White , WSWS

    7 January 2010 Some six million Americans—one in 50 people in the US—are living on no income other than $100 or $200 a month in food stamps, according to an analysis of state data by the New York Times. The number of people who reported that they are unemployed and... » read this article
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World News
  • Thai Protesters Pour Blood at Government Gates
    Opponents of the Thai government, who are known for the red shirts they wearThomas Fuller reports from Bangkok. to protests, poured buckets of their own blood under the gates of the prime minister’s office on...
  • Murdoch's Arab foray seen as 'Trojan horse'
    The tie-up between Arab entertainment giant Rotana and pro-Israel media mogul Rupert Murdoch is viewed in Egypt not only with suspicion but as signalling the decline of Arab film and art heritage. In a country...
  • Despite Recession, Global Arms Race Spirals
    The global financial crisis has not deterred some of the world's developed and developing nations from bolstering their military arsenals with expensive new weapons systems, including sophisticated fighter planes, combat helicopters, submarines, armored vehicles and...
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