Economic crisis update


On Friday, Greek Prime Minister George Papandreou met with German Chancellor Angela Merkel in Berlin and assured her that his government would impose the austerity measures demanded by the European banks and the European Union: here.

In the wake of the most serious financial breakdown to hit world capitalism since the collapse of the US stock market in 1929, not a single serious measure has been put into place to rein in the activities of the banks and financial institutions responsible for the crisis: here.

The Labor Department’s employment report for February, released Friday, showed that the US economy is continuing to shed jobs and wages are continuing to decline: here.

This video from the USA says about itself:

Neighbors of Detroit fire victims oppose utility shutoffs

6 March 2010

The tragic fire that took the lives of Tro’vion, Fantasia and Selena Young was a result of the shutoff of power and gas to the home of their mother, Sylvia Young. Neighbors spoke to the WSWS opposing the practice of indiscriminate cutoff of utilities by power company DTE Energy.

As anger over utility shutoffs in Detroit grows, yet another fire on Friday left one person severely injured. The house had been without utilities for years: here.

Thousands rally in San Diego, California against education cuts: here.

The demonstrations against education cuts on March 4 are an important step forward in the fight to defend public education, and raise important questions of political perspective: here.

Australia: Rudd government unveils plan to cut health spending: here.

Boeing Australia to close Sydney plant and axe 350 jobs: here.

Australia: Big handouts for media fat cats: here.

Feeling the cold, dead grip of advertisers on the media: here.

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