Market Chaos Shows Need to Regulate Speculative Money
The year 2008 began with utter market chaos in which New York crude oil futures hit a record high and stock prices in the United States and Japan plunged partly due to the soaring oil prices.
Ideological Struggle and the Socialist Market Economy
In an article in the July 2007 Political Affairs, “Class Struggle in a Socialist Market Economy,” I attempted to illustrate the different form of class struggle that takes place in a socialist-oriented mixed economy with a strong capitalist component.
The Debt Crisis
According to the neo-conservatives of the United States, the new American dream seemed a reality. Money would lose its value. What was important would be credit. 'Yours with no money down,' 'Buy a car and your home appliances now, and pay for them in five years.'
Canadian Economy Heading into Crisis
First, let us turn to the current state of the Canadian economy which, according to Finance Minister Jim Flaherty and most Bay Street analysts and sycophants, is humming along just fine.
Council Committee Approves Oversight for Public Housing Demolitions
City Council of Atlanta today approved two bills offered by Councilwoman Felicia Moore, District 9, to codify their oversight role in the Atlanta Housing Authority’s mass eviction and demolition plans for all remaining public housing.
Challenging Imperial Finance
On December 9, 2007, in a move that went relatively unnoticed in India, seven South American countries signed an agreement that could have important implications for the dominance asserted by the IMF and World Bank in developing countries.
A New Direction
It seems like yesterday that 15,000 working family voters crowded into Chicago’s Soldier Field to ask questions and hear what the seven major Democratic presidential candidates had to say about jobs, health care, workers’ rights, the war in Iraq and more.
Jobless Rate Worsens to 5 Percent; Bush Economy Tanking Fast
Unemployment worsened to 5 percent—sinking a whopping three-tenths of percentage point, from 4.7 percent in November, the largest single jump since the slowdown following Sept. 11, 2001.
China to Promote Sustainable Development, Protect Worker's Rights
Chinese President Hu Jintao said here on Monday that China attaches great importance to sustainable development and will take a series of measures to better safeguard the legitimate rights and interests of workers.
NAFTA: Social Disaster, Hunger in Mexico
Corn producers predicted hunger and social disaster in Mexico's poorest sectors, due to the lifting of tariffs on corn imports from the United States and Canada, by virtue of the North American Free Trade Agreement (NAFTA).
