Posted by Milton Ramirez to Global Voices Online The Ecuadoran government seized hundreds of businesses, including three television channels, in a move that attracted national and international attention. Much of the media focuses on the fact that that television stations were targeted, however, the government says that it is a preventative decision in order […]
Northwest Pilots, Broadway Actors Settle Labor Contracts
By May Silverstein for AFL-CIO NOW Northwest pilots, Broadway actors and utility workers are among those reaching contract agreements in recent days, and more news from the “Bargaining Digest Weekly.” The AFL-CIO Collective Bargaining Department delivers daily, bargaining-related news and research resources to more than 900 subscribers. Union leaders can register for this service through […]
Experts Offer Tips on Avoiding Home Foreclosure
by James Parks The mortgage foreclosure crisis, fueled by years of unchecked predatory lending practices and a speculative bubble in real estate prices, has resulted in a disaster for millions of America’s homeowners. Not since the Depression of the 1930s have so many U.S. homeowners owed more on their mortgages than their homes are worth. Defaulting […]
Let’s Celebrate: Exxon Mobil Is Making Record-Breaking Profits
by Tula Connell Trying to keep up with the bad economic news can take up most waking hours these days. Just in the past few days, the following have been reported: U.S. gross domestic product (GDP) grew at a miniscule rate in the past quarter—0.6 percent, giving the Economic Policy Institute (EPI) cause to frame […]
Marie Antoinette, Meet Angelo Mozilo
– by Tula Connell This is a cross-post from the Firedoglake blog. Here’s an idea. Instead of retiring when we turn 65, let’s go to work scrubbing tables at the nearest fast-food outlet. Sound good? Not to most of us. But it’s a future that U.S. workers increasingly are facing. America’s workers aren’t just losing their homes in what […]
McCain Skips Out on Worker Roundtable
by Seth Michaels Yesterday, workers in Annapolis, Md., were hoping to get a chance to talk to Sen. John McCain (R-Ariz.) about jobs, the housing crisis and the economy. They got to have their conversation—but McCain stayed away. What he missed was an opportunity to hear firsthand how the economic crisis is affecting real people. […]