Economic crisis in the USA and Britain

Mcjobs in the USA, cartoon

Based on its analysis of employment data, USA Today reports that pay cuts, reduced hours, furloughs and involuntary part-time work have driven the working class back to conditions not seen since the 1930s: here.

A billionaire businessman from upstate New York, disgruntled over a minor tax increase, has orchestrated a political “coup” in the state Senate in Albany, transferring power from the Democratic majority to the Republicans: here.

Britain: The scale of the cuts in public spending being prepared by both the Labour government and the Conservative opposition was made clear in a series of interviews and parliamentary exchanges on Wednesday: here.

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