"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
The U.S. lost more jobs in 2008 than any year since 1945 as employers fired another 524,000 people in December, indicating a free-fall in the economy. Masses of unemployed people leads inexorably to social unrest. FDR defused things by creating…
With billions of Option ARMs due for recast in 2009 and 2010 another crisis is on the making. But this time problems are expected to be more pronounced than the subprime crisis since the economy is already nearing its trough,…
Anywhere from 10% to 26% of retailers are in danger of filing Chapter 11. Think of how many lost jobs that means, and the economic consequences that would then occur because of the layoffs.
Left Business observer and writer Doug Henwood discusses the economic crisis at the Brecht Forum October 10, 2008. Co-sponsored by the Nation Henwood is an economist, has a radio show on WBAI, and runs LBO-Talk, one of the main listservs…
Newspapers here in London are reporting that upwards of fifteen major retail chains may shut their doors after Christmas and a cabinet minister warns of a “bloodbath” with layoffs in the public sector too. If anything, the economy here looks…