Feds Could Take Stakes in Big 3...
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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
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.