The New York Times headline declared: “U.S. unemployment worst since the Great Depression.” (New York Times, May 9, 2020, print edition) Actually, the Times report understated the unemployment numbers. In a press release, the […]
The U.S. was established as a republic in 1787 and remains so to this day. It is a republic, but not a democracy. The American Revolution was not a bourgeois democratic one, like the great […]
Health care workers, nurses, farmworkers, transit operators, grocery store clerks, warehouse packers, delivery workers, truck drivers, dockworkers, restaurant order takers, call center workers, service and industrial workers form the backbone of the U.S. economy. […]
March 27 — The $2 trillion stimulus plan passed by Congress and signed by President Donald Trump on March 27 is a massive giveaway to Big Business and the Wall Street banks with a small, […]
Wall Street ha estado en una montaña rusa sin precedentes, con grandes oscilaciones en ambas direcciones todos los días durante más de una semana, una volatilidad no vista desde noviembre de 1929. El mercado bursátil […]
Wall Street has been on an unprecedented roller coaster ride, with big swings in both directions every day for more than a week, a volatility not seen since November 1929. The stock market had the […]
President Trump said on March 16 that a recession is likely, maybe the only factually correct statement he made that day. But what is a recession? Wikipedia says a recession is a business cycle contraction […]
March 5 — The Dow index just fell 12 percent in one week, the worst week for stocks since the 2008 financial crisis. Many wonder if this could become a full-on stock market crash. Among […]
Consumer borrowing in the U.S. rose to a new record level at $14.15 trillion, the Federal Reserve Bank of New York said on Feb. 11. Everything rose: mortgages, student loans, auto loans, credit card debt. […]
The imperialist media reports all read the same, like they were written on the same computer. The Dec. 4 CNN report began: “The U.S. House of Representatives passed a bill Dec. 3 demanding a tougher […]
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