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Democrats, Republicans work toward “fiscal cliff” deal

By Joseph Kishore, 29 December 2012

Following a meeting between the president and Democratic and Republican congressional leaders, negotiations are continuing on a budget agreement.

White House, Congress extend police-state FISA law

29 December 2012

The US Senate voted Friday to renew the law, first passed in 2008 under the Bush administration, authorizing virtually unlimited domestic spying by the National Security Agency.

Tentative agreement reached as union calls off plans for US port strike

By Ed Hightower, 29 December 2012

A federal mediator announced on Friday that an agreement between the union and the shipping industry will extend the current contract for an additional 30 days.

Dismal holiday sales belie talk of US “recovery”

By Barry Grey, 29 December 2012

The poor holiday sales are an expression of the absence of a genuine economic recovery and the existence of an acute and deepening social crisis.

Syria faces humanitarian catastrophe

By Bill Van Auken, 29 December 2012

After two years of escalating civil war, the people of Syria confront a humanitarian catastrophe, with an estimated four million people lacking adequate food and shelter.

IMF demands deeper austerity in Pakistan

By Sampath Perera, 29 December 2012

The executive board report made clear that a further bailout will require unprecedented pro-market “reforms.”

Unpaid wages spark strikes in China

By John Chan, 29 December 2012

Amid an economic slowdown, a number of strikes and protests have erupted.

UK: Peterborough city council’s social cuts target elderly, disabled

By Mary Smith, 29 December 2012

Peterborough City Council is again targeting the elderly and disabled, implementing budget cuts and austerity measures in line with government policies.

In wake of Hurricane Sandy, New Yorkers hit with transit fare hike

By Alan Whyte, 29 December 2012

The MTA has voted to increase bus and train fares, as well as tolls on the bridges and tunnels it controls.