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| Taking a Closer Look at the Stories Ignored by the Corporate Media |
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Archive for the Month of November, 2005.
Viewing Economics NEWS articles 1 through 41 of 41.
- ...50 cents an hour in the Depression translates into $7.89 per hour in today's dollars. - How Wall Street uses thought-weapons of manipulation to fleece common investors.
- His property in demand, former waiter raises asking price to $1.2 million
- Make the poor pay. That’s the slogan that George W. Bush and the politicians seem to have adopted for their latest budget proposals. - Over one-tenth of the United States population faced "food insecurity" last year, continuing a five-year trend in growing hunger and household food shortages. - During the recent corporate globalization inspired economic downturns in Argentina's recuperated factory movement shows that in a matter of months even after being slogged and flailed their whole lives through, even when they are barely literate or are illiterate, working people can take up tasks supposedly beyond their ken and accomplish them honorably and effectively. Likewise, Argentina's occupied factories display the powerful spontaneous desire of people who haven't been socialized into elitist mindsets to earn equitably and to apportion power fairly rather than dominate or be dominated.
- "...we have shown how the workers can run the companies, and this means we can run society as well."
- Militant industrial action must be tied to the struggle to build a new party of the international working class that is committed to radically reorganizing the world economy so that the technological revolution can be used to improve the life of all, not slash jobs, speed up production and swell the profits squeezed from working people. - If the multi-millionaire CEOs, who have bled their firms in order to fill their own pockets, and the vulture speculators and asset-strippers move to close plants and destroy the livelihoods of tens of thousands of working people—their companies should be transformed into publicly owned and democratically controlled enterprises.
- "This is not a war on drugs. It's a war on people." - In Bushzarro world, neoliberal schemes to steal natural resources and reduce millions of people to slaves are portrayed as “good for jobs” (or jobs that pay 60 cents an hour or less) and “quality of life” (so long as the slaves don’t mind eking out a radically diminished existence in sprawling, crime-wracked barrios, spending half of their income on clean drinking water).
- ...average pay for an hour's work has less purchasing power than it had four years ago .. - Congressional leaders say it's time to get serious about the deficit, so they cut $36-billion in spending on the country's working poor. And then they give the wealthy $70-billion more in tax breaks.
- High levels of illiteracy are hindering attempts to erase world poverty, the United Nations education agency warns.
- The brutal colonial war in Iraq is but the flip slide of the war at home against workers, immigrants, and other oppressed people.
- Just because technology makes it possible for us to work 10 times faster than we used to doesn't mean we should do it. The body may be able to withstand the strain -- for a while -- but the spirit isn't meant to flail away uselessly on the commercial gerbil wheel. The boys in corporate don't want you to hear this because the more they can suck out of you, the lower their costs and the higher their profit margin.
- ...the peaking and decline of world oil production are inevitable events -- and on that there is scarcely any debate; only the timing is uncertain. Forecast dates for the peak range from this year to 2035. - It was an incredible revelation last week that the second largest oil field in the world is exhausted and past its peak output. Yet that is what the Kuwait Oil Company revealed about its Burgan field.
- A survey finds that of employers who do plan to give bonuses, few plan to give cold cash.
- Is 80,000 the maximum number of people we can feed in the richest country on earth?! Meanwhile, we are spending $6 billion a month to kill Iraqis in their homes and cities. - The American empire is an energy junkie in its death throes, punching for new veins and final fixes, knowing that the supplies of its drug of choice -- cheap oil -- are virtually depleted.
- Workers in the United States are far more nervous about losing their jobs than they were six months ago and are now among the least confident employees among the world's leading economies. - Eliminate the current $126 billion tax subsidy. Use the money instead as a down payment on a universal and affordable system of health insurance – available to everyone regardless of how much they earn, where they work, or even whether they have a job. - High health care costs and lack of low-cost housing exacerbate poverty and this can be seen as a human rights abuse, concluded a 17-day fact-finding mission by the U.N. Commission on Human Rights... - A subsidiary of the Venezuelan national oil company will ship 12 million gallons of discounted home-heating oil to local charities and 45,000 low-income families in Massachusetts next month under a deal arranged by US Representative William D. Delahunt, a local nonprofit energy corporation, and Venezuela's president, White House critic Hugo Chávez. - US unions, weakened by public apathy and internal splits, are fighting back with an online database that accuses corporate supremos of lining their own pockets while grinding down their employees.
- A GOP Scrooge Xmas - Top executives now make more in a day than the average worker makes in a year.
- The Average American Owes $9,000
- Two nonprofit groups sign deal to aid low-income residents - General Motors’ plan to eliminate 30,000 hourly jobs by 2008, announced Monday in Detroit, will have devastating consequences for cities in the United States and Canada, and its ripple effects will hit working class communities throughout the two countries.
- When he was a student at Harvard Business School, a young George W. Bush told one of his professors that "poor people are poor because they're lazy." It's their own fault. Tell that to those 13 million babies. - The share of national income going to wages and salaries is at the lowest level since 1929 -- the year that kicked off the Great Depression. The share going to after-tax corporate profits, which heavily benefit wealthy Americans through increased dividends and capital gains, is at the highest level since 1929.
- See, Neoliberalism Really Works!
- Oxfam, the global anti-poverty organisation, has cautioned the EU against seeking rapid free trade in agriculture with Arab nations around the Mediterranean, saying it will drive people there deeper into poverty. - The permanent military bases and Pentagon sized American consul offices in Iraq are being built because 60% of the world's crude comes from an increasingly hostile Middle East - this percentage of the supply of the world's most valuable commodity will increase over the next decade - and because control of Iraq is the decisive high ground for control of the Middle East.. - We grab the easy, exploitatively derived money and run, letting the Devil take the hindmost. American commercial life consistently works at vicious cross-purposes with public welfare and the common good. - The spread between the rich and the rest has been growing for decades. Current policies will only make it worse.
- The protesters, including three sisters who were also arrested at the mall last year and a man dressed as Santa Claus, were urging shoppers to curb their consumerist urges as part of "Buy Nothing Day" ... - The average student borrower now graduates with $27,600 of debt, almost three and a half times what it was a decade ago. 84 percent of black students and 66 percent of Latino students graduate with debt. And 39 percent of all student borrowers graduate with unmanageable levels of debt...
- ...if GM is a symbol of the American industrial golden age, its decline...is a sign of the destruction of the American social contract. No more pensions, family-supporting wages, or hardworking, blue-collar membership in the middle class. Instead, we are living in the era of Wal-Mart wages, food stamps and Medicare for the children of the working class, and a disappearing American Dream. That shift may be good for General Motors shareholders, but it is killing America.
Pages for November, 2005
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