Economic crisis and inequality

This video from the USA is about AIG bonuses.

USA: American International Group (AIG), the credit insurer that received a $40 billion government bailout, last week requested government approval for paying out $235 million in bonuses to its top employees: here.

Unemployment among blacks in New York City has increased much faster than for whites, and the gap appears to be widening at an accelerating pace, new studies of jobless data have found: here.

USA: Wealth inequality by race and ethnicity has grown since 2007: here

The New York state government is using its budget shortfall as a pretense for slashing social spending and laying off thousands of workers: here.

Britain: Factory and other blue-collar workers have been hit harder than white-collar staff by rising levels of unemployment: here.

Canada: David Miller, Toronto’s purported “pro-labor” mayor, released to the media Friday details of the city’s latest concessionary contract offers to 24,000 striking municipal workers: here.

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