Economic crisis worsens, but not for millionaires


The calamitous sell-off on world stock markets, which on Monday topped even the enormous losses of last week, puts to rest any claim that the crisis that erupted in 2008 was temporary: here.

A massive sell-off underscores the acute sensitivity of the Australian markets to shifts in the world economy: here.

Crisis countries’ debt bought by EU bank: here.

Britain: Big pensions for bosses, poverty for workers: here.

This video from the USA says about itself:

What Verizon really wants is to bust our union. They want to shred our contract and take back everything we’ve bargained over the last 60 years. That’s not going to happen, no matter what we have to do.

More than 15,000 CWA and IBEW members took to the streets outside Verizon’s NYC headquarters at 140 West St. on July 30th and there is no doubt: We are ready to mobilize, to strike, to do whatever it takes to protect our contract and our standard of living.

Every worksite, every person, every day. Mobilize!

USA: More than 45,000 workers are on strike today at Verizon Communications. Bargaining continues. Since bargaining began on June 22, Verizon has refused to move from a long list of concession demands. As the contract expired, nearly 100 concessionary company proposals remained on the table: here.

Verizon workers denounce demands for massive concessions: here.

On Turning Poverty into an American Crime. By Barbara Ehrenreich: here,

New York City workers speak out against budget cuts: here.

Margaret Jensvold, Maryland Mom Who Killed Son Ben Barnhard, Agonized Over School Costs: here.

Mexican miners march to demand resolution of three strikes: here.

2 thoughts on “Economic crisis worsens, but not for millionaires

  1. Pingback: Economic crisis, danger for democracy | Dear Kitty. Some blog

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