Browsing the "Economy" Category →

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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The Federal Communications Commission (FCC) just relaxed the rules restricting media giants from gaining yet more monopoly ownership of media markets nationwide. According to a dissenting FCC commissioner, the new rules allow “a single company...

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On May 28, 2003 George Bush delivered another handout to the rich by signing a $350 billion tax cut bill. Despite the Bush administration touting the bill as tax relief for “those who need it,”...

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The Gas Scam

April 1, 2003

We’ve heard about Enron “gaming” the energy market – creating false shortages to spike prices and reap a quick profit. How about “gaming” in the oil market? In the build-up to the Iraq war, crude...

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While the Bush administration and its friends at Bechtel and Halliburton are benefiting from the war in Iraq, it is working people who are paying the bill. An unprecedented $79 billion have been appropriated so...

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At the beginning of this year, the capitalist media’s continual refrain was that all that was holding back the long-promised economic recovery was “uncertainty” in corporate America about the war in Iraq. However, as the...

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In mid-April, Congress gave Bush an additional $79 billion to fund the war effort – this on top of a defense budget of $400 billion. The $1.4 trillion tax cut for the rich passed in...

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