The view from here: India and Obama's election
Obama’s historic victory breaks the conservative spell at this watershed moment in global affairs, but it would be wrong to pin too many hopes on him.
People Before Profits: Only nationalization can save U.S. auto industry
A raging debate is underway across the country, in Congress, and between the incoming Obama and outgoing Bush administrations on the fate of the U.S. auto industry. CEOs of GM, Ford and Chrysler have faced tough questioning in Congress. GM comes to Washington to beg for a $25 billion bailout to keep it and its ailing Detroit counterparts going next year. But nobody seems too thrilled about the prospect.
Inject people's demands into economy, not just liquidity
Discussions of the current world economic crisis tend to focus exclusively on the bursting of the housing bubble in the United States. This no doubt is the immediate cause of the crisis, but underlying its operation is the fact that the stimulus for booms in contemporary capitalism has increasingly come from such bubbles.
With Obama election, Fido asks: Can I get a bone?
Hi all, I'm Fido, a friendly mutt from Chi-town. First things first: I wanna give a big bark out to all my dawgs up in the Animal Care and Control facility — they can't keep us all locked down forever and that's why I'm barking.
Israel and the current capitalist crisis
The financial crisis does not skip over Israel. The country that has been integrating itself in global capitalist markets in the last few decades is once again seeing the ugliest side of capitalism, as the stock markets have dropped over a stunning 10 percent since the beginning of the month and the GDP growth forecast for the next couple of years has been slashed.
Iraqi Communists: Pact with U.S. must be amended, or well be the first to reject it
The latest version of the Iraq-U.S. agreement is “unacceptable” and must be changed to “secure for the Iraqis their legitimate national rights,” the leader of the Iraqi Communist Party told a public meeting of 1,000 people in Baghdad Oct. 31.
Latin Americas new consensus
When the Mexican dictator Porfirio Díaz said the great tragedy of Mexico was that it was so far from God and so close to the United States, the comment summed up the long and tortured relationship between the Colossus of the North and Latin America.
What is voter fraud?
During the last presidential debate, Republican nominee John McCain made the following remark: “ACORN is now on the verge of maybe perpetrating one of the greatest frauds in voter history in this country, maybe destroying the fabric of democracy.”
Nationalize banks, employ unemployed
Last week the major economies of the world, including the United States, European Union, United Kingdom, China, Russia and Brazil carried out an unprecedented and coordinated reduction of interest rates. The effort itself was not immediately successful.
The crisis of family debt
There is broad consensus among labor unions and progressive organizations, economists and politicians that we need a bottom-up solution to the economic crisis. That is, the priority should be fixing Main Street, not Wall Street. The main proposals include:
