If you’ve ever watched a slow-motion video clip of an airline crash or a train wreck, you have an idea of how the global financial crisis (GFC) has hit Australia…. Read more »
economy
Why Obama Is No Socialist. Rush Limbaugh Got It Wrong.
A chorus of conservative pundits has been using the ‘S’ word to describe President Obama. During last fall’s presidential campaign, for example, media personality Rush Limbaugh crowed, “the American people… Read more »
National sales tax: maybe worst idea ever
Desperately searching for a way to fund a $1 trillion healthcare reform package, the Obama administration floated a trial balloon in a Washington Post article on May 27 – a… Read more »
The consequences of China’s reverse revolution
As China continues its reintegration into the capitalist world system of profit and loss, and as that system flounders, times have become perilous for China’s urban and rural workers and… Read more »
What killed the auto industry?
To hear pundits talk, the U.S. economy will rebound after the stock and credit markets heal. Consumers will then regain “confidence.” But the bankruptcy of General Motors (GM) and Chrysler… Read more »
Labor Weather Report: a glance at how some workers and their unions are faring in the class struggle
July 2009: Rotting in Toronto Garbage piled up as city workers struck for 39 days over fair pay, privatization, and take-aways on job security, leave, and sick days. Union stops… Read more »
Still working after 80 – Social Security and me
For the last twenty years, I have relied on my Social Security pension to pay the basics: electricity, water, phone, supplemental medical insurance (an absolute necessity) and reduced Real Estate… Read more »
The financial crash: painful, pervasive — and predictable
Below are excerpts, edited additionally for length, from a 1999 Freedom Socialist Party position paper analyzing the roots of the economic crisis that began in Asia two years earlier. Called… Read more »
The Healthcare Bait and Switch
Candidate Obama’s promise to reform healthcare lit a torch of hope for millions of people. No more postponing doctor visits or feeling helpless before unaffordable medical bills. But meaningful change… Read more »
California’s budget woes: will politicians use crisis as opportunity to privatize education?
With the arrival of fall, students and teachers trek back to schools and campuses in the Golden State. But instead of the usual talk of halcyon summer days, the buzz… Read more »