Crunch hits Germany
Reposted from Morning Star GERMANY is facing a dire economic crisis. Following the collapse of Lehman Brothers in the United States last September, it became apparent that German banks also had large amounts of toxic real estate credits in their portfolios.
January layoff rates soar
The US private sector cut 522,000 jobs in January. The private consulting firm Automatic Data Processing (ADP), number layoffs in manufacturing at 243,000 and 279,000 in services. ADP says large companies slashed 92,000 jobs, mid-size companies 255,000 and small companies lost 175,000.
Worldwide economic recession could cut jobs by 50 million
Reposted from the International Transport Workers Federation The global economic crisis could see more than 50 million jobs lost around the world, according to the International Labour Organization's (ILO) latest report on employment.
Unions press Senate to back stimulus bill
Reposted from Workday Minnesota WASHINGTON - Unions and their allies, working both through ground troops and over the air, are pushing senators of both parties to approve the giant economic stimulus bill now moving through Congress.
Working families need jobs; Senate Republicans want tax cuts for wealthy
Original source: With the nation’s economy sinking deeper and deeper into recession and more and more workers losing their jobs, Senate Republicans are playing a partisan game of ideological chicken over President Obama’s economic recovery package. They appear to be saying, “Give us even greater tax cuts for big business and millionaires, or we will do all we can to kill this bill.”
55 dead in US snow storms
Washington, (Prensa Latina) At least 55 people died victims of snow storms hitting the northeast region of US more than a week ago, local authorities reported Tuesday.
Study uncovers racist roots in anti-immigrant groups
The Southern Poverty Law Center (SPLC) in a report released Feb. 3 charges that three Washington D.C. organizations have racist roots and that they were the most responsible for blocking comprehensive immigration reform in 2007. All three groups – the Federation for American Immigration Reform (FAIR), the Center for Immigration Studies and NumbersUSA – are all part of a single chain of lobbyist groups conceived, founded and funded by John Tanton known as an extreme white nationalist and anti-immigrant culprit, says SPLC.
Afghans protest against US bombing raids
HUNDREDS of Afghans demonstrated on Sunday against an overnight US military raid that had killed several civilians. The US military claimed that its forces had killed two guerillas.
World Social Forum: presidents for feminist socialism
BELÉM, Brazil, Jan 30 (IPS) - 'True socialism is feminist,' and is already being built, said Venezuelan President Hugo Chávez, standing next to three other South American presidents, all of them men, at a dialogue that took place Thursday at the World Social Forum (WSF).
Washington cuts Blackwater links
Washington, Jan 31 (Prensa Latina) The US Department of State notified the Blackwater company in writing it will not renew the contract with the firm to protect Iraq, the media reported.
