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Germany: Left Party leader supports Wall Street bailout

By Ulrich Rippert, 30 September 2008

US Treasury Secretary Henry Paulson has received support from an unexpected quarter. The chairman of the German Left Party, Oskar Lafontaine, has expressed his support for the Bush plan to provide Wall Street with hundreds of billions of tax dollars.

Israel’s plan to attack Iran confirmed

By Jean Shaoul, 30 September 2008

Reports confirmed last week that Israel was actively considering a military strike against Iran’s nuclear facilities last spring.

Letters from our readers

30 September 2008

The following is a selection of recent letters sent to the World Socialist Web Site.

Major Australian child care corporation at risk of bankruptcy

By Katrina Morrison, 30 September 2008

Australia’s largest child care provider ABC Learning, also the world’s largest publicly traded child care corporation, stands on the brink of collapse.

Political power struggle in Malaysia continues unabated

By John Roberts, 30 September 2008

The deadline set by Malaysian opposition leader Anwar Ibrahim to force the ruling Barisan Nasional (BN) coalition from office—September 16—has come and gone. Prime Minister Abdullah Badawi is still in power and the government insists that it will continue to rule. Yet the power struggle shows no signs of ending.

Stocks plunge on Wall Street as bailout fails in Congress

By Bill Van Auken and Socialist Equality Party vice presidential candidate, 30 September 2008

Wall Street suffered its biggest one-day point fall in history amid panic selling, as the proposed government bailout of the major banks and finance houses went down to defeat Monday in the US House of Representatives.

The Historical and International Foundations of the Socialist Equality Party—Part 2

30 September 2008

The Socialist Equality Party (US) today continues publication of The Historical and International Foundations of the Socialist Equality Party. The document was discussed extensively and adopted unanimously at the Founding Congress of the SEP, held August 3-9, 2008.

The Historical and International Foundations of the Socialist Equality Party--Part 3

30 September 2008

The Socialist Equality Party (US) today continues publication of The Historical and International Foundations of the Socialist Equality Party. The document was discussed extensively and adopted unanimously at the Founding Congress of the SEP, held August 3-9, 2008. (See "Socialist Equality Party holds founding Congress"

US government brokers Citigroup takeover of Wachovia Bank

By Barry Grey, 30 September 2008

The restructuring of the US financial system, concentrating financial resources and power in the hands of a few banking behemoths, took a further step Monday with the sale of the banking operations of Wachovia to Citigroup, the nation’s largest bank.

US-Pakistani skirmish points to threat of wider war

By Keith Jones, 30 September 2008

Washington and Islamabad are seeking to downplay the significance of last Thursday’s military clash between US and Pakistani armed forces on the Afghan-Pakistani border.