Forget the glitzy façade and look at the United States from an average person’s perspective. Setbacks, catastrophe, and ruin are hitting working people from every direction. The economy has been worsening since 2001, but the first half of 2008 brought enormous price increases, accelerated loss of homes, floods, massive layoffs, and spiking unemployment. The government’s… Read more »
Posts in: economy
There’s a monumental housing crisis in Australia. Rents are skyrocketing and vacancy rates are the lowest on record, pushing desperate tenants to resort to unofficial rent auctions. In 1996 the cost of buying a house was four times the average wage. By 2007 it had jumped to seven times. Three hundred thousand households are currently… Read more »
If you believed the propaganda of the previous Howard government, China’s economy was a bulletproof shield against any downturn in Western economies. Of course, no one believed John Howard in the end, as the 2007 election result showed. Still it’s good to have hard evidence that he was wrong — again — in a vital… Read more »
Now into its third year, the Global Financial Crisis (GFC) shows no sign of abating. In fact the World Bank recently revised an already gloomy forecast downwards. It now predicts a 2.9% contraction in the global economy and a 10% reduction in planet-wide trade in 2009. The news is not much better for 2010, either,… Read more »
As 2009 drew to a close, the class struggle in Nepal continued to escalate. Several General Strikes – including a 3-day strike in the capital, Kathmandu, starting on 20 December – closed factories and markets and kept vehicles off the streets. Thousands of supporters of the Unified Communist Party of Nepal-Maoist (UCPN-M) marched in torch-lit… Read more »
The Black community is fighting back against sham property taxes and home auctions.
At last, tax relief for long-suffering tycoons and jet-setters!
Making history! Early childhood educators, who are members of the United Voice union, made history on 7 September, Equal Pay Day: they walked off the job, closing many childcare centres. They’ve been organising for pay justice for several years through the Big Steps campaign. Up to now, they’ve held weekend rallies, but this was their… Read more »
POLITICAL PRISONER Punished with solitary Jaan K. Laaman, long-time anti-imperialist political prisoner, is still locked down in segregation (minimum of 23 hours per day in a 6’×9′ cell). Jaan has been in “segregation” for months simply for issuing two statements, a clear violation of free speech and human rights. He is being threatened with transfer… Read more »
Public housing was a victory of the massive labor upsurge of the Great Depression that won the “New Deal” in the 1930s. Owned by the public, this housing is non-profit and the government is answerable to the community for how it’s run. Originally, public housing was available primarily to whites, and strictly segregated. Thanks to… Read more »