Tuesday, December 09, 2008

More economic troubles.


Feds Could Take Stakes in Big 3...


N A T I O N A L I Z A T I O N
NEWS IS BROKE: NYT MORTGAGES HQ IN CASH CRUNCH...

TRIBUNE FILES FOR BANKRUPTCY...

ZELL MEMO...

ZUCKER: NBC MAY SCALE DOWN PROGRAMMING HOURS...

The Curse of Global Capitalism

By Jon Ronnquist

Any parasite which draws more from its host than the host can sustain, will eventually kill it, and so we have what we have today. In this case the host is the working man, upon whom the burden of debt has been allowed to grow beyond his ability to manage, thus forcing a collapse at the very base of the pyramid. Continue


Blame the Takers, Not the Makers

By Mumia Abu-Jamal

When multiple media outlets put out the same story line, these companies, seemingly separate, establish a media narrative that quickly congeals into an apparent popular opinion -- even when such views actually reflect a narrow slice of elite opinion. Continue


Victory to the UEW Plant Takeover in Chicago!

By Mark Vorpahl

On December 5, in Chicago, the owners of Republic Windows and Doors were set to close their doors after declaring financial ruin and abruptly laid off its 260 mostly Latino workers. Rather than passively accepting this kick in the teeth, the United Electrical Workers Union (UE) members decided to fight back, using a tactic not seen in this country since the 1930’s. They occupied the factory and have continued to do so in shifts since Friday. Continue


Sponsor an Executive

One Minute Video - Humor

The money you give won't just save a life, it'll save a lifestyle . Continue

Ill. Governor suspends all state business with Bank of America: In a stinging note of support for the laid off workers that have taken up residency in Chicago's Republic Windows & Doors factory, the Governor of Illinois has suspended business with Bank of America until it reissues credit to the shuttered company.

Dow, 3M slashing jobs amid slowdown: Dow Chemical Co. said Monday it will slash 5,000 full-time jobs — about 11 percent of its total work force — close 20 plants and sell several businesses to control costs amid the economic recession.

Mayors Get in Line for U.S. Funds: Big-city mayors will arrive on Capitol Hill Monday to lobby for more federal spending to be funneled to urban areas that they say drive the country's economic engine.

California Eyes IOUs for Second Time Since Depression: California, the world’s eighth-largest economy, may pay vendors with IOUs for only the second time since the Great Depression, State Finance Director Mike Genest said.

In lean times, SoCal residents trade guns for eats: — A program to exchange guns for gifts has brought in a record number of weapons this year as residents hit hard by the economy look under the bed and in closets to find items to trade for groceries.

Dow Chemical To Cut 5,000 Jobs, Close 20 Plants

Global Economic Crisis - Bad & Worsening

Banking For A 'New' New Deal

Tribune 'News' Giant Going BK - LAT/ChiTrib

Un-President Barky's $1T Econ Stimulus Package

Barky - Economy Will Get Worse (A Bright Fellow)

OPEC Readies For Major Production Cut

Oil Prices Up On Talk Of OPEC Cut

Interest Rates Heading For Zero

Ford's Volvo To Eliminate 4,616 Jobs

Deutsche Bank To Cut 900 Staff

Company Failures Headed To Record High

Global Advertising To Fall $21B

Defaulting Countries Reach To IMF, Fixers



No comments: