News Analysis: U.S. financial stability plan fails to thaw market
U.S. President Barack Obama's administration on Tuesday unveiled its long-expected reshaped financial rescue plan.
10 truisms of capitalism from the mouths of robber barons
The callousness and greed of today’s bankers, financiers and corporate CEOs calls to mind the 19th century robber barons. Here’s a relevant sample of classic statements made by some of the worst U.S. capitalists in history.
To bail or not to bail?
The difficulty in sealing a deal to relieve the financial crisis is no surprise. People on Main Street are fuming over the Bush administration’s $700 billion “cash for trash” proposal to bail out Wall Street at taxpayer expense.
OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2
The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.
OPINION: Finances and the current crisis: How did we get here and what is the way out? Part 2
The turmoil in financial markets and the bailout to the tune of $700 billion has turned the public eye and wrath on Wall Street and Washington. While millions are aware of the triggering causes, ranging from predatory lending to deregulation to insatiable greed, what isn’t so obvious is the longer-term process that brought our financial system and economy to the edge of the abyss.
Taxing the oil companies hot air
Last October 12 U.S. Senators sent a letter to nine major oil companies, asking them to donate part of their record profits to help poor Americans faced with large increases in their heating oil costs this winter.
More on the socialist market economy
We print another reply to Prof. Erwin Marquit’s People Before Profits columns on the “socialist market economy,” published in the PWW earlier this summer. The discussion will continue in subsequent issues. Socialism and commodity exchange
