Last week, the Eon energy group confirmed its intention to eliminate up to 11,000 jobs worldwide and implement a drastic austerity program: here.
President Obama will give a “jobs” speech next month, which will consist of a few paltry measures, while expanding cuts in social programs that will only worsen the unemployment crisis: here.
A new report shows that one in five US children—about 14.7 million—live in poverty, a 17 percent rise over 2000 figures: here.
USA: More than 500 teachers and support staff demonstrated Tuesday at the Detroit Public Schools headquarters to protest the draconian wage and benefits cuts recently imposed by Emergency Financial Manager Roy Roberts: here.
General strike threatened in Italy in response to austerity package: here.
Far from being shielded from the global crisis, Australian capitalism is particularly vulnerable to the worsening economic turmoil: here.