Economic crisis continues, workers fight back

This video from the USA is called Fraud Factories: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis.

In a week of negative economic data, it was announced that US home foreclosures hit a new record in 2010, home values continue to plummet, and weekly jobless benefits claims rose sharply: here.

USA: Detroit Symphony management issued a public attack on striking musicians now in their 15th week on strike against draconian concession demands: here.

England: Trade unions yesterday reacted angrily to Manchester City Council’s announcement of 2,000 job cuts: here.

Inflation rages, the trade deficit widens and the bosses demand even tougher anti-union laws: here.

UK National Grid workers vote to take action over pay offer: here.

Paul Krugman, Krugman & Co.: “As Ireland attempts to overcome its economic difficulties, European hard-money types are proposing Latvia as a model for Ireland to emulate. Their argument goes like this: Sure, Iceland, which devalued the krona after the crisis struck in 2008, has begun to recover – but so have Latvia and Estonia, even though they kept their currencies firmly pegged to the euro”: here.

The Irish government descended into further chaos today after the Green party pulled out of the ruling coalition.