Economic crisis

New studies reveal that the social divide has grown starker in the current economic crisis, and that the US is the most unequal of the advanced economies, with great wealth and extreme poverty having become practically hereditary conditions: here.

The Obama administration released projections of mass unemployment extending for years, while congressional Democrats debate a “jobs” bill that will do nothing to alleviate the social crisis confronting millions of people in the US: here.

On February 1, 2010, President Obama released his proposed budget for fiscal year 2011, which includes funding cuts to both the National Endowment for the Arts (NEA) and the National Endowment for the Humanities (NEH): here.

“The money powers prey upon the nation in times of peace, and conspire against it in times of adversity. The banking powers are more despotic than a monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies, all who question their methods or throw light upon their crimes.” – Abraham Lincoln

This video is called National strike: Greece shuts down.

The February 11 Franco-German pledge to bail out Greece threatened to unravel yesterday amid criticism from the Greek government, and as European officials demanded that Athens make further budget cuts: here.

1 thought on “Economic crisis

  1. Pingback: Economic crisis, workers resist | Dear Kitty. Some blog

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