Economic crisis

Bush and US economic crisis, cartoon

USA: Cuts in Social Security, Medicare to pay for bank bailouts: here.

A batch of economic figures released this week undermined claims by the White House and Federal Reserve that economic recovery is just around the corner: here.

The New York City administration of Mayor Michael Bloomberg recently began charging rent to some of the 9,000 homeless families who are presently living in publicly run city shelters: here.

The threatened bankruptcy of General Motors epitomises the social fate of millions of workers under conditions of global recession: here.

Australia: Confronted by a $200 billion collapse in tax revenues over the next four years—the largest fall since the Great Depression—in Tuesday night’s budget, the Rudd Labor government has begun cutting social spending: here.

5 thoughts on “Economic crisis

  1. African lives — silent casualty of the global economic crisis

    By the Treatment Action Campaign (South Africa), AIDS and Rights
    Alliance for Southern Africa, RAVANE+ PVVIH Network for the Indian Ocean
    Region (Mauritius) and the Grassroots Empowerment Trust (Kenya)
    HIV is not in recession! TB is not in recession!
    May 6, 2009 — On the occasion of the Conference of African Ministers of
    Health in Addis Ababa, Ethiopia, a coalition of health advocates from
    sub-Saharan Africa warn that the lives of millions of people in
    sub-Saharan Africa are in jeopardy because of the lack of political will
    and investment to realise the right of access to life-saving treatment.
    Only one third of HIV-positive people in need of antiretroviral therapy
    (ART) to survive have access to treatment in the African region. The
    coalition fears that national and donor governments are betraying their
    health commitments, particularly promises to support the universal
    roll-out of ART by 2010.

    * Read more


  2. Pingback: Crisis, but not for war profiteers | Dear Kitty. Some blog

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