Economy

U.S. automakers are using government loans as a pretext to eliminate retiree health care costs and pensions--and the UAW is letting them. February 23, 2009

The Obama administration is proposing a new phase in the Wall Street bailout that would transfer yet more billions into the pockets of rich financiers. February 11, 2009

Despite Barack Obama's criticism of NAFTA on the campaign trail, his administration is seeking to maintain and expand such free-trade deals. February 5, 2009

For a growing number of people faced with rising tuition and loans drying up, the grim answer to that question is: "Not anymore." February 2, 2009

A host of major U.S. corporations, including Home Depot, Caterpillar and Sprint, announced big jobs cuts this week--75,000 in one day alone. January 30, 2009

The scale of Bernie Madoff's $50 billion fraud is staggering, but that shouldn't be allowed to obscure the bigger crimes at the heart of the capitalist system. January 27, 2009

Citigroup and Bank of America are staggering under a new wave of losses as the deepening recession drags down the financial system. January 23, 2009

The payday loan industry has mushroomed by preying on workers whose shrinking real wages fail to cover rent and put food on the table. January 22, 2009

Barack Obama's proposed economic stimulus plan is hundreds of billions of dollars short of what's needed--and much of it is misdirected. January 13, 2009

SocialistWorker.org looks at who Barack Obama put in charge of economic policy--and what to look for when the administration gets in office. December 16, 2008

Congressional leaders say their auto bailout is tough on Big Three executives, but autoworkers, not management, will suffer far more. December 9, 2008

There's no shortage of people to blame for the worsening economic disaster. But the scale of the crisis raises questions about the capitalist system itself. December 5, 2008

The death of a worker who was trampled at a Wal-Mart store in Long Island is being blamed on the crowds, but that lets the rightful target off the hook. December 5, 2008

Government statistics show a spike in the number of people going hungry in the U.S., but experts say that far worse is still to come. November 26, 2008

The fall in prices for gas and food may seem like a silver lining in dark economic times--but it could be an omen of a much deeper recession. November 24, 2008

The Group of 20 emergency meeting on the global economic crisis hosted by George Bush was notable for how little of substance it accomplished. November 18, 2008

The $700 billion bailout of Wall Street was supposed to boost the economy, but it's become a giveway to big business, while the economy keeps sinking. November 13, 2008

The Big Three U.S. automakers want taxpayers' money to cover their losses. But would a bailout benefit working people? November 10, 2008

The U.S. economy is slipping deeper into the worst crisis since the Great Depression--and the rest of the world is tumbling down after it. November 3, 2008

Jobs are getting hard to hold onto--and even harder to find--as major corporations and governments alike aggressively slash their payrolls. October 29, 2008

The right claims that working-class African Americans and immigrants are to blame for the housing crash that has triggered a financial panic. October 21, 2008

As the economy worsens and the government carries out an unprecedented intervention, working people are rightly worried about the future. October 17, 2008

Some right-wingers say the government's plan to buy into major U.S. banks is the latest sign of "creeping socialism." They've got it wrong. October 15, 2008

Workers are finding that they will have to stay on the job years longer because the crashing stock market is stealing their retirement savings. October 14, 2008

The heads of the Group of Seven industrialized nations promised to cooperate to contain the financial crisis--but then embarked on rival national strategies. October 13, 2008