Economic recession news


USA: Barack Obama announced Wednesday that his administration would impose a tax on banks that would “recoup every last penny for American taxpayers.” The move was a political gesture aimed at distancing himself from the banks as they prepare to announce multi-million dollar year-end bonuses: here.

Sweden: More than 3,000 workers gathered outside Saab’s main facilities in Trollhättan on Tuesday to oppose the shutdown of Saab and denounce the actions of its owner, General Motors: here.

British Army exploits recession to step up youth recruitment: here.

This video about anti recruitment action in Scotland says about itself:

The Glasgow branch of the Clandestine Insurgent Rebel Clown Army visit the local Army recruitment office only to find they aren’t welcome and so the Army is forced to shut it down for the day.

ECONOMY: Neoliberalism Ailing but Alive: here.

Wales: Workers are planning a mass meeting at a struggling car parts factory in Cardiff after plans were revealed to close it next year with the loss of 900 jobs: here.

Around 100,000 of Britain’s poorest families will be crippled with £82 million of debt during 2010 after borrowing money from loan sharks to fund the cost of Christmas, research has claimed: here.

Italian car workers called a national strike on Thursday in protest at Fiat chiefs’ plans to end production at the Termini Imerese plant in Sicily next year: here.

1 thought on “Economic recession news

  1. Pingback: Anglicans for and against xenophobia | Dear Kitty. Some blog

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