Browsing the "Economy" Category →

Since this article was written for the June issue of Socialism Today, one of its main contentions has been dramatically confirmed by the Federal Reserve’s increase of the base interest by a quarter a percentage...

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After presiding over the decimation of nearly three million jobs, the first net job loss since the Great Depression in the 1930’s, Bush finally received some good economic news in November. The economy seems to...

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By Canyon Lalama, University of Minnesota Student The recent slowdown in the global capitalist economy has left state and federal governments sinking into a quicksand of budget deficits and crises. The politicians representing big business...

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Blackout!

September 1, 2003

Downtown Brooklyn without traffic lights was not a pretty sight. People in many major cities were forced to live by candlelight with no subway system, fans, or air conditioning in the hazy summer heat. The...

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During the past couple of months, Mayor Mike Bloomberg and Governor George Pataki have tried to close New York’s massive city and state budget deficits through an out-and-out assault on working people. 2,000 municipal workers...

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With mounting unemployment, it is essential that workers have a program to defend themselves. No Layoffs, No Cutbacks When the bosses say they aren’t making enough profits and they have to lay off workers, or...

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8.8 million officially unemployed. Downsizing. Bankruptcies. Budget cuts. Growing debt. Any worker can tell the economy is in trouble these days. But it took Alan Greenspan, chairman of the Federal Reserve Bank, to publicly acknowledge...

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Capitalism Kills

June 1, 2003

So says a report analyzing the life span of workers. The report by the Society of Actuaries found that “blue-collar workers and the poorly paid both tended to die young,” while “white-collar workers and the...

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On June 11, the Washington State Legislature offered Boeing a $3.2 billion tax cut to entice the aerospace giant to build its new 7E7 jet in the state. For months, the company has been playing...

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