Economy

  • A tale of two cities

    There are two Seattles--one for the wealthy few and another for the vast majority of people who barely scrape by, and sometimes not even that.

  • How the other 0.000003 percent lives

    An examination of the 10 richest Americans reveals a rogue's gallery of serial polluters, budget-slashers, CIA contractors, union-busters and right-wing nuts.

  • Right back where we started

    Anything that once provided an illusion of safety for autoworkers is vanishing--so we either we rise up together, or no one walks away with a living wage.

  • The stress test charade

    The Obama administration announced the results of its "stress tests" of big banks--but there were plenty of problems with the triumphant conclusions.

  • Can Obama's policies fix the economy?

    The pressure is on the Obama administration to make its plans for economic recovery work--but the deeper question is: Work for who?

  • Two tiered for too long

    When the government demands more concessions from GM and Chrysler, we all know where the cuts will come from.

  • Summit with no answers

    The Group of 20 meeting of the world's biggest economic powers in London was a failure even before it began.

  • Still waiting for help

    Among the 1,000 people who stood in line for jobs at a new Chicago hotel, there were countless stories about how workers are taking the brunt of the crisis.

  • How the great AIG heist was pulled off

    Those executive bonuses aren't the biggest scandal at AIG--the company has quietly become a vehicle for siphoning taxpayer dollars to the biggest banks.

  • AIGreed

    They crashed the Wall Street casino with their reckless gambling, but that isn't stopping the titans of high finance from awarding themselves huge bonuses.

  • Doublespeak of the discredited

    The World Bank and International Monetary Fund are using the international economic crisis to return to the limelight.

  • Has the economy gone over the edge?

    The great American jobs wipeout continues with no end in sight, as the financial meltdown continues and the entire world economy unravels.

  • Will Obama's housing plan provide relief?

    The administration's $275 billion program to deal with foreclosures is a departure from the do-nothing Bush approach--but it falls short of what's needed.

  • Budget slasher sequel in California

    Arnold Schwarzenegger's state budget will be a crippling blow to working people--at the same time as it diligently protects the interests of the rich.

  • The Detroit 3 are closing in

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

  • Why should bankers get more of our money?

    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.

  • The end of free trade?

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

  • Can you afford college?

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

  • The bottom falls out on jobs

    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.

  • The biggest swindle of all

    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.

  • Will the government take over the banks?

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

  • Payday parasites

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

  • $750 billion isn't enough

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

  • Intro to Obamanomics

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

  • Victims of the "rescue"

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