Fannie Mae and Freddie Mac, Goliaths that control almost half of the 12 trillion dollar U.S. mortgage market, totter on the brink of ruin. And it is clear that the… Read more »
economy
Peak profts and empty pockets at the pump: It’s time to revolt against Big Oil!
As gas climbs to $5 a gallon, the pain is evident everywhere. Buses are packed. GM is closing factories. The airlines are laying off pilots and flight attendants. Independent truckers… Read more »
Meltdown proves “free market” is a failure
The day after the collapse of investment Merrill Lynch and Lehman Brothers, a New York Times editorial concluded with, “The nation needs a new perspective on the markets, one that… Read more »
The contradictions of Noam Chomsky
On top of earning the tribute “father of modern linguistics,” Noam Chomsky is one of the world’s most widely read left critics of U.S. foreign policy. Chomsky educates and often… Read more »
Campaign grows for employer-paid maternity leave
Australian unions are waging a battle for a national, paid-leave maternity plan. Most comparable countries provide workers two to 12 months of paid leave at 80-100 percent of previous earnings…. Read more »
Homeless encampment fights to survive
In the U.S., 600,000 children and teenagers are without a place to call home. But most of them don’t count with the Department of Housing and Urban Development, which now… Read more »
The next four years: still Wall Street vs. Main Street
When Barack Obama was declared president elect on the night of Nov. 4, crowds gathered spontaneously in towns all over the country and the world. They were celebrating the end… Read more »
How can unions address the economic crisis?
Long before the Wall Street meltdown, working people faced foreclosures, evictions, layoffs, lack of healthcare, mounting bills and growing homelessness. When Congress, after mostly ignoring all that, jumped to bail… Read more »
Capitalism: too broken and brutal to fix
An article explaining “fictitious capital” (looking at you, Bitcoin) during the spectacular financial crash of 2008.
Will Obama’s “New Deal” save workers?
Barack Obama is taking over from the most unpopular president in U.S. history. The country is headed into the worst economic crisis since the Great Depression of the 1930s. While… Read more »
