Bush's Budget Takes Aim at Working Families
Last week, George W. Bush delivered his final budget proposal to Congress. As expected it contained severe cuts to domestic programs, especially for working families, and massive new spending for the military along with huge tax breaks for the very rich.
Local Governments Fight Foreclosure Crisis
At its midwinter meeting last week, the U.S. Conference of Mayors called on Congress to reform the Federal Housing Administration so it will give more help to troubled borrowers, and to increase funding to help borrowers and neighborhoods hard-hit by soaring mortgage foreclosures.
The Lies Behind Free Trade
Rich countries preach free markets and free trade to the poor countries in order to capture larger shares of the latter's markets and preempt the emergence of possible competitors.
Video: Elena Mora Comments on Super Tuesday
The first thing to talk about is the tremendous excitement and engagement of people in this election. Voter turnout is breaking records. People went to vote in the primaries almost as if it were the general election.
Atlanta: City Council Overrides Veto of Public Housing Oversight
The City Council of Atlanta voted Monday, February 4, 2008, 10-5 to override Mayor Shirley Franklin’s veto of a resolution that asks the Atlanta Housing Authority (AHA) to consider putting on hold the demolition of Bankhead Courts, Bowen Homes, and Hollywood Courts.
The Blood of the Earth: The Global Battle for Vanishing Oil Resources
The eternal flames that erupt from the rocks in the Caspian region give an eerie backdrop to Dilip Hiro's book on oil.
Labor Calls for Real Change to Revive Stalled Economy
Long-term unemployment in the US is steadily worsening. In 2007, according to analysis by the labor-backed Economic Policy Institute, 1.2 million people were unsuccessfully seeking jobs for more than six months, the federal time limit on unemployment compensation benefits.
The Threat Of Global Recession
As this article is being written, expectations are that the US Federal Reserve would cut interest rates by a quarter to half a percentage on top of an unscheduled and unprecedented 0.75 percent cut it announced recently.
Stop Subservience to U.S. in Dealing with Financial Crisis
The global stock market meltdown occurred in the wake of the U.S. sub-prime mortgage meltdown that begun last summer, followed by the U.S. real economy gradually entering a recessionary stage since late last year.
Monopolies and the Public Good
First, we need to offer publicly funded incentives for real innovation, research, and development. Second, we must put public funds to work to improve, expand, and repair Amtrak infrastructure and equipment. Third, through public disclosure of the issues involved, we can promote the fair settlement of labor contracts for Amtrak workers.
