Economic troubles


A summit of G20 finance ministers and central bankers failed to reach any concrete agreement for measures to deal with the growing international finance crisis: here.

Premier Wen Jiabao said Friday that China is “concerned” about the security of its holdings in US treasury debt. Chinese officials fear that the huge borrowing to finance US budget deficits will lead to a decline in the value of the dollar: here.

Iceland’s financial supervisory authority has been forced to assume control of Straumur, the island’s fourth-largest financial institution: here.

Ireland’s Taoiseach, Brian Cowen, has warned of more savage cuts than expected in the emergency budget scheduled for April 7: here.

Cowen making workers pay for capitalism’s crisis in Ireland: here.

USA: On March 9, 300 students were pulled out of their classes at Marian Catholic High School on the Southside of Chicago because their parents fell behind on tuition payments: here.

Teachers demonstrate in San Diego, California

Thousands of teachers and other school personnel rallied across California last Friday to protest mass layoffs throughout the public education system: here.

The AIG bonuses furor: the class issues: here. See also here.

Britain: ROYAL MAIL IS NOT FOR SALE! – say 1,000 marchers: here.

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