Economic crisis update

This video from the USA says about itself:

On Wed., Dec. 10, 2008, a demonstration at the Bank of America (BOA) was held in downtown Baltimore, MD. It was led by activists from the All Peoples Congress, among other groups. The purpose of the protest was to show solidarity with the 200 “Sit-In” Republic Windows and Door Workers of Chicago, Il, whose plant has been shut down. The BOA canceled the company’s financing. Its action left the workers without any severance and vacation pay.

The economic crisis continues.

As world slump deepens: US jobless claims soar to 26-year high.

Mark Fiore animation on corporate bailouts in the USA: here.

Late on Wednesday, some 250 workers from Republic Windows and Doors ended a five-day occupation of their Chicago, Illinois factory after winning an agreement meeting their major demands: here.

Workers occupy auto parts plant in northern Germany: here.

Germany: Gulf between rich and poor is rapidly widening: here.

South Korean economy heading toward negative growth in 2009: here.

Australian welfare agencies warn of growing social crisis: here.

Britain: Right wing newspapers demand massive cuts in public spending: here.

4 thoughts on “Economic crisis update

  1. Posted by: “nathaniel x vance” broali4xa
    Thu Dec 11, 2008 3:26 pm (PST)

    May I ask a question: How greedy is greedy and, how inhumane is inhumane? Here is one example of a fine law enforcement Sheriff doing the right thing for a change when it comes to evicting citizens from their homes during winter! Bless his soul!

    Ohio sheriff orders deputies not to evict

    10, 2008 07:44 EST

    HAMILTON, Ohio (AP) — A sheriff in southwest Ohio has ordered deputies to ignore eviction orders when people have nowhere else to live.

    Butler County Sheriff Richard Jones says evictions in winter weather and during an economic recession are heartless and those cases should be sent back to the courts and resolved some other way.

    Jones on Tuesday ordered deputies to ensure that people have shelter before they’re forced out of their homes. He also sent a letter to Gov. Ted Strickland asking him to issue a state order to stop forced evictions for at least the winter months.

    The sheriff could face court action if a bank or landlord challenges his refusal to honor a court-ordered eviction. Jones says he will face any consequences of his order.


  2. Posted by: “frankofbos”

    Thu Dec 11, 2008 10:40 pm (PST)

    Bush History-Bush HUD Head Seeks MORE Loans to Risky Borrowers Just
    Prior to SubPrime Collapse 12/12

    Bush’s nomination of a new HUD head on this date spurs today’s review
    of the seemingly corrupt & incompetent Alphonso Jackson. He pushed for
    changes to allow more risky loans, and to make fraud harder to detect,
    just before the sub prime collapse. Also are car bombs the sound
    of ‘democracy in action’? A soldier’s interesting take on Iraq and a
    related Bushism.

    Today’s category: Bushisms, Corruption/Conflicts of Interest, Human
    Rights/Human Wrongs, Iraq


  3. Lessons From the Chicago Sit-In
    [WARN] applies in only a minority of plant closings and mass layoffs, and apparently it is widely violated, with little consequence, when it does apply.

    Solidarity with Republic Workers
    People across the country facing foreclosure, unemployment and economic uncertainty, saw in the fight back at Republic proof that it is possible to stand up and win–even against Corporate America.

    UAW Givebacks — More of the Same?
    “We’ve helped them before, but it seems like they always come back to us,” said Shane Colvard, chairman of Local 2164 in Bowling Green, Ky., where G.M. builds the Chevrolet Corvette sports car.


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