It's hard to grasp the immensity of ExxonMobil's profits for the second quarter of this year--the biggest of any corporation in U.S. history. August 15, 2008
Despite the latest statistics showing U.S. economic growth, the figures on jobs and inflation reflect an economy that's still on the decline a year after the financial crisis began. August 7, 2008
The media reported that the collapse of the Doha Round of trade negotiations is a big failure for the world’s poor countries. But is this true? August 5, 2008
The failure of IndyMac Bank was the latest sign that the U.S. financial system remains on wobbly legs--and there's more trouble ahead at other banks. July 24, 2008
There are enough vacant homes in the U.S. to provide shelter for nearly half the world's homeless population. But for capitalism, that's bad news. July 22, 2008
The emergency government intervention to support mortgage companies Fannie Mae and Freddie Mac is the latest sign of a deepening world financial crisis. July 16, 2008
Outside a food pantry in Chicago, almost anyone you talk to is working, or just lost their job, or is retired and trying to make ends meet. July 11, 2008
Workers are enduring a sharp cut in living standards caused by rising food and gas prices--while a credit crunch, caused by the housing crisis, drags on. July 3, 2008
Housing prices are falling even more rapidly while politicians benefit from a cozy relationship with the mortgage industry they plan to bail out. June 27, 2008
As many as 3,000 people lined up outside a welfare office on the false rumor that emergency food vouchers would be distributed to those in need. June 26, 2008
The sensationalism of food riots and people taking to the streets has people talking about something that has been impacting nearly half of humanity. June 26, 2008
The Economist called the world food crisis a "silent tsunami," but it is not a natural disaster, and there's nothing silent about the response to it. June 25, 2008
By virtually every measure--wages, conditions, debt, unemployment and more--young working people are less well off today than preceding generations. June 18, 2008
The government's preferred measure of inflation remains fairly low--because the statistics-keepers don't count the prices of certain goods. June 13, 2008
With food prices climbing higher with every passing week, more and more poor and working-class families are finding it difficult to put food on the table. June 12, 2008
At the UN food summit in Rome, the priorities of world leaders were on display--and they didn't include alleviating the suffering of the hungry. June 11, 2008
The stock market plunged on July 6 on a double-barreled blast of bad news--a record increase in oil prices and a sharp rise in the unemployment rate. June 9, 2008
The global crisis caused by increasing food prices is shining a spotlight on the terrible contradiction of a world of plenty where hundreds of millions go hungry.
May 23, 2008
Next time you hear Wall Street experts say the economy isn't doing too badly after all, check your wallet--where you'll find a good deal less cash. May 22, 2008
One little-discussed factor in the global food crisis is speculators driving up the price of all commodities because of intense trading on futures markets. May 19, 2008
Can the Federal Reserve Bank save the U.S. economy? That's the hope and prayer of growing numbers of Wall Street executives.
March 28, 2008
For working families, a skyrocketing grocery bill is one of the most ever-present reminders that they have been making do with less. March 21, 2008
The depths of the crisis in the world financial system were revealed in the wake of the collapse of the investment bank Bear Stearns.
March 21, 2008
When you drive around Providence, R.I., there are "for sale" signs and boarded-up homes everywhere. March 14, 2008
Why is the government failing to push for the most aggressive solutions to help homeowners facing the threat of foreclosure? March 14, 2008
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Published by the International Socialist Organization