Central bank chief Zhou Xiaochuan has loudly led calls for the US dollar to be replaced during the financial crisis. The bank report called for more regulation of the countries that issue currencies that underpin the global financial system. "An international monetary system dominated by a single sovereign currency has... » read this article

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

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

Buried on page 83 of the 89-page Report on Financial Regulatory Reform issued by the U.S. Administration on June 17 is a recommendation that the new Financial Stability Board strengthen and institutionalize its mandate to promote global financial stability. Financial stability is a worthy goal, but the devil is in... » read this article

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

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

The Wall Street Journal lets a former Goldman Sachs employee write a power-worshipping ode to Bush's disastrous Treasury Secretary. "Hank Paulson is a national hero. I said it last October and I'm sticking by it. And now, there's actual evidence to back me up. The TARP bailout worked. The Wall... » read this article

Reports, Resistance, and Resolutions Make Chevron Shareholders Question Oil Giant's Vitality Community Members, Richmond Mayor, Indigenous Leaders, Veterans, Shareholders, Among Groups That Surround Chevron Inside and Out May 27, 2009 An Alternative Annual Report San Ramon – Chevron shareholders were given a full account of the true costs of Chevron's... » read this article

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

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

4 June 2009 The campaign for Iran’s June 12 presidential elections has been dominated by debate over national strategy between the four candidates allowed by the clerical Guardian Council to run. Amid a global economic crisis and expectations of a shift in US foreign policy after the election of President... » read this article

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

Monday, June 1st, 2009 Goodbye, GM ...by Michael Moore I write this on the morning of the end of the once-mighty General Motors. By high noon, the President of the United States will have made it official: General Motors, as we know it, has been totaled. As I sit here... » read this article

Effective June 1, a long-standing relationship between Canada and the United States will be over. The two countries will remain friends, more or less; but the cozy closeness will be a thing of the past. Historically, it’s hard to imagine closer, or more closely integrated, neighbours. But the US is... » read this article

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

Fear resides in all living creatures. It’s what keeps us alive down at the watering hole or out on the street. The fear of crime strikes all who live with its dread, as well as those who are personally victimized. Fear keeps us from doing what we want to do;... » read this article

Reams have been written on the financial crisis and the yawning gulf between Wall Street and Main Street. This music video spells out the total injustice and indignation inherent in the "system" and reflects the fate of the millions of workers who believed in the American Dream and who have... » read this article

Editor's Note: We are interested in what our readers have to say about the problems in higher education in the US, both before and since the economic collapse. Please let us know your thoughts in the reader comment section below. As a starter,  What do you think about families or students having... » read this article

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

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