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Economy
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Richard Clark , OpEdNews
Based in part on a recent article by Chris Hedges. See link to his article at the end.
This week marks the end of the dollar's reign as the world's reserve currency. It
also, therefore, marks the start of a terrible period of economic and
political decline in the United... » read this article
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A new world is being born, one without the US dollar greasing the wheels of commerce, notes Eric Walberg
Yekaterinburg, famous tragically as the spot Lenin chose to have the Tsar and his family executed in 1918, and ironically as the fiefdom of Boris Yeltsin, who finished off the Russian... » read this article
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Chris Hedges , Truthdig
This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what... » read this article
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Barry Grey , WSWS
13 June 2009
Even as US unemployment rolls soar to their highest levels in post-war history, employed workers face the worst conditions since the Great Depression, according to a front-page article in Friday’s USA Today.
Based on its analysis of employment data, the newspaper reports that pay cuts, reduced hours,... » read this article
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A. Wood , WSWS
6 June 2009
More than 700 people marched last weekend in the Bronx, New York to the scab-run Stella D’Oro cookie factory in what was advertised as a citywide rally to defend strikers who have been on the picket line for almost 10 months after refusing to accept wage and... » read this article
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Tom Eley , WSWS
6 June 2009
The US unemployment rate climbed to 9.4 percent in May, the highest level in more than a quarter century, according to statistics released by the Department of Labor on Friday. The jobless rate jumped by a half a percentage point over April, as employers shed 345,000 positions... » read this article
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Barry Grey , WSWS
4 June 2009
In the guise of enhanced regulation, the Obama administration is working with major Wall Street banks to sanction a continuation of the speculative practices that precipitated the financial meltdown and deepest economic slump since the Great Depression.
Treasury Secretary Timothy Geithner has, according to a detailed exposé... » read this article
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Ulrich Rippert , WSWS
26 May 2009
The international economic crisis is having increasingly dramatic consequences for Europe. According to official European sources, the number of unemployed in the 27 EU member states rose to over 20 million in March. This represents an increase of 4 million compared to one year previously. Further mass... » read this article
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Andre Damon , WSWS
9 May 2009
The official US unemployment rate jumped by 0.4 percentage points to reach 8.9 percent last month, according to figures released Friday by the Labor Department. The economy lost another 539,000 jobs in April, as total job losses reached 5.7 million since the start of the recession in... » read this article
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Julie Hyland , WSWS
9 May 2009
The government’s Equality Bill has been condemned as “socialism in one clause” by Britain’s right wing and a “landmark” in overcoming inequalities by the liberal media and the trade unions.
It is neither. Far from promoting equality in any meaningful sense, the bill continues Labour’s reactionary advocacy... » read this article
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World News
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