economy
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Unemployment up, capitalist recession looms
As the Federal Reserve and other capitalist institutions attempt to stave off a recession; the boom-and-bust cycle of the capitalist…
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Anti-immigrant Arizona law targets undocumented workers
The state of Arizona, on Jan. 1, 2008, enacted a piece of legislation aimed at destroying the ability of immigrant…
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Is ‘dollar hegemony’ coming to an end?
Today’s world monetary system is based on the "dollar standard," also known as dollar hegemony. This is the unstable system…
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Bankers get record bonuses while workers’ wages lag
"If you apply yourself and work hard, anyone can become a millionaire." This is a popular adage in the United…
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Treasury chief orchestrates attempt to rescue biggest bank
Officials from the three biggest U.S. banks announced Oct. 16 the creation of a rescue fund of up to $100…
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The myth of the ‘free enterprise’ system
The “free enterprise” system. Its glories are touted by pundits and professors from coast to coast. Many states require passing…
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War profiteers at Lockheed Martin seek image makeover
Lockheed Martin, the world’s largest arms exporter, is spending a lot of money these days on television ads. But it…
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China scapegoated by U.S. toy-maker Mattel
On Sep. 21, U.S.-based Mattel, the world’s largest toy-maker, was forced to apologize to the Chinese government and take responsibility…
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UAW contract with GM cuts retiree care, wages
After weeks of negotiating, a walk-out and two-day strike, the United Auto Workers leadership and General Motors reached an agreement…
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Home foreclosures hit oppressed the hardest
The number of homeowners that received foreclosure notices hit an all time high between April and June 2007. Working-class homeowners—whose…
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