Economy

  • Chicago sheriff stops evictions

    The bankers in Chicago are angry with--of all people--the county sheriff, who is refusing to forcibly remove residents from foreclosed properties.

  • What could $700 billion do for the rest of us?

    SocialistWorker.org takes a graphical look at how Washington's bailout for Wall Street could be used to help working people.

  • Bankruptcy of an ideology

    For a generation, the financial consultants and policymakers intoned a mantra celebrating the majesty of the free market.

  • Why the panic won't stop

    World stock markets greeted Congress' passage of the so-called Troubled Assets Relief Program with an international meltdown.

  • A guide to the Wall Street meltdown

    For everyone who can't make heads or tails of the media's account, SocialistWorker.org explains the causes and consequences of the financial crisis.

  • Recession's mounting toll

    Economists may be quibbling over whether a recession has officially begun, but the standard of living for workers has already taken a deep cut.

  • One "Sicko" responds to the bailout

    A health care activist describes how she was treated when she called her congressional representatives to ask for a "no" vote on the Wall Street bailout.

  • The making of the free-market meltdown

    SocialistWorker.org answers your questions about the worst financial crisis since the Great Depression--and what U.S. political leaders are doing in response.

  • The road to ruin

    Deregulation caused the financial chaos that is hammering an already slumping world economy--and both Democrats and Republicans are to blame.

  • Countrywide criminals

    The politicians have little to say about the fast-talking mortgage companies that dumped sub-prime mortgage loans on inexperienced borrowers.

  • Working harder and falling behind

    The expectation of rising living standards for each generation of U.S. workers has given way to a low-wage economy where it's a struggle to get by.

  • Squeezed out in New York City

    While the mortgage meltdown is making headlines, renters are being priced out of affordable housing, too, especially in cities like New York.

  • Rescuing the rescuers

    The government bailout of Fannie Mae and Freddie Mac could cost tens of billions of dollars--and taxpayers will be the ones to pay.

  • Bled dry by the oil giants

    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.

  • Grim and getting uglier

    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.

  • Don't cry for Doha

    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?

  • More banks on the brink?

    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.

  • No profit in housing the homeless

    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.

  • How bad will it get?

    The emergency government intervention to support mortgage companies Fannie Mae and Freddie Mac is the latest sign of a deepening world financial crisis.

  • Struggling to get by in a "model global city"

    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.

  • Battered by two economic storms

    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.

  • Housing bust goes from bad to worse

    Housing prices are falling even more rapidly while politicians benefit from a cozy relationship with the mortgage industry they plan to bail out.

  • Desperate in Milwaukee

    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.

  • Choices no one should have to make

    The sensationalism of food riots and people taking to the streets has people talking about something that has been impacting nearly half of humanity.

  • A disaster caused by the free market

    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.