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Why are so many people out of work?
High unemployment has persisted because the U.S. economy as well as the economies of Japan and most of Europe remain…
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Deficit deal, financial turbulence pose challenge
Following the Aug. 2 deficit deal, a new financial panic broke signaling a deepening of the economic crisis and more…
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Hotel workers call for boycott of Hyatt Regency Santa Clara
Hotel workers, along with clergy, labor, and community supporters, held a loud and spirited protest Feb. 23 outside the Hyatt…
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China forges into lead in supercomputer world competition
October 2010 marked a revolution in China's computing power, made possible by the country's October 1949 revolutionary victory, which opened…
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Detroit Symphony Orchestra hit by capitalist austerity drive
Following months of fruitless efforts to engage the Detroit Symphony Orchestra management in "good-faith" negotiations, musicians represented by American Federation…
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Major banks forced to suspend foreclosures after ‘robo-signing’ of documents exposed
GMAC Mortgage, JPMorgan Chase and Bank of America recently announced that they were suspending foreclosures after lawsuits exposed fraudulent practices.…
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Senate passes paltry ‘jobs bill’
The U.S. Senate passed a $15 billion "jobs bill" Feb. 24. The money allocated amounts to a little more than…
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Economy’s nosedive causes Social Security applications to soar
Employment conditions in the United States continue to worsen. And the growing number of jobless whose unemployment benefits have or…
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Whatever happened to depressions?
The following article is largely based on the first of the series "The Phases of the Industrial Cycle," published in…
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Unemployed ‘opting for leisure’?
Anyone who hasn’t fully absorbed bourgeois economic “science” as taught in colleges and universities in the United States and most…
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