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US bank losses wipe out years of paper profits
By Barry Grey, October 18, 2008
A milestone was reached Thursday by the US banking system: With the announcement by Citigroup and Merrill Lynch of billions of dollars in additional losses in their third quarter reports, all of the p...
Behind the creationism controversy at Britain's Royal Society
By Paul Mitchell, October 17, 2008
The Royal Society’s education director was forced last month to resign, for at the very least seeming to advocate the teaching of creationism alongside evolution in school science classes.
EU call for global financial regulation masks intra-European and international tensions
By Chris Marsden, October 17, 2008
The European Union on Wednesday issued a call for a summit of the major economies to design a new system of global financial regulation, which EU leaders are calling “Bretton Woods II.”
German government rushes through €500 billion rescue package
By Ulrich Rippert, October 17, 2008
Chancellor Angela Merkel expressly defended her government’s €500 billion “rescue package” for the banks in a statement to the German parliament on Wednesday.
Asian markets plummet amid fears of global recession
By Peter Symonds, October 17, 2008
Markets throughout Asia plunged yesterday following large losses on Wall Street on Wednesday and growing fears about the impact of a protracted global recession on the region's economies.
Workers Struggles: Europe, Middle East & Africa
October 17, 2008
The World Socialist Web Site invites workers and other readers to contribute to this regular feature.
Stock markets fall as global recession takes hold
By Patrick O’Connor, October 16, 2008
Stock markets in the US and Europe fell sharply yesterday amid mounting evidence that the US economy is entering into a severe recession.
Redesigned World Socialist Web Site begins Wednesday, October 22
October 16, 2008
The international editorial board is pleased to announce that a redesigned World Socialist Web Site will begin publication next Wednesday, October 22.
WSWS: New York workers denounce Wall Street bailout
October 5, 2008
While congress debated the $700 billion bailout of the Wall Street banks, the World Socialist Web Site spoke on the streets of New York to workers and young people who denounced the bailout of the ban...
SEP presidential candidate speaks with workers in Detroit
September 28, 2008
Socialist Equality Party presidential candidate Jerry White went with a team of supporters to speak with workers at a crowded farmers market in downtown Detroit on Saturday, September 27. Many spoke w...
SEP presidential candidate denounces Wall Street bailout
September 22, 2008
Socialist Equality Party presidential candidate denounces Wall Street bailout and the support for it given by the Democratic Party. Jerry White declares that working people are being forced to pay the...
SEP presidential candidate speaks on financial crisis
September 19, 2008
Jerry White, presidential candidate of the Socialist Equality Party, spoke today on moves by the Federal Reserve to bail out Wall Street speculators while workers face deepening hardship.
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