Perspectives
US bankers cash in despite phony pay restraint
By Patrick Martin, October 24, 2009
According to the report issued Thursday by Treasury Department “pay czar” Kenneth Feinberg, at least 66 of the 138 bank and corporation executives under his jurisdiction will receive government-ap...
Washington pushes Pakistan to the brink
By Keith Jones, October 23, 2009
Under heavy pressure from the Obama administration, Pakistan is now waging all-out war in South Waziristan.
The great unmentionable
By Joe Kishore, October 22, 2009
The past week has seen a proliferation of worried comments from liberal supporters of Obama on the state of social and political relations in the United States.
British secret service chief justifies torture
By Chris Marsden, October 21, 2009
The head of Britain’s secret service, MI5, has publicly defended the use of torture to obtain evidence against alleged terrorists.
Obama’s job creation fraud
By Jerry White, October 20, 2009
Data released last week shows that the Obama administration’s stimulus program has created a pitiful number of jobs, under conditions where 15 million people are out of work and joblessness is at th...
The two Americas
By Andre Damon and Joe Kishore, October 19, 2009
Two reports in the media last week point to the interconnected phenomena of surging pay for bankers and record declines in the wages of the working class.
Obama and the fiscal crisis of the states
By Tom Eley, October 17, 2009
State governments in the US, facing the indifference of the Obama administration in spite of record budget deficits, are slashing social spending and laying off workers.
The politicization of the British military
By Chris Marsden, October 16, 2009
The declaration by General Sir Richard Dannatt that he will sit on the Conservative benches in the House of Lords and join a future Tory government represents the most serious expression yet of the po...
A record year for Wall Street pay
By Barry Grey, October 15, 2009
According to the Wall Street Journal, the major US banks and financial firms are on track to hand out a record $140 billion in compensation this year.
Obama tops Bush in troop buildup
By Bill Van Auken, October 14, 2009
The report Tuesday that the combined troop deployments in Iraq and Afghanistan are now larger than under Bush marks a grim milestone in the Obama administration’s military escalation.
Dollar devaluation and the working class
By Barry Grey, October 13, 2009
There are growing signs of a major shift in world currency alignments. Since March, the US dollar has steadily declined, depreciating by 13.3 percent on a trade-weighted basis. Last week the decline a...
Obama continues assault on democratic rights
By Tom Eley and Barry Grey, October 12, 2009
Recent moves by President Obama underscore the anti-democratic continuity between his administration and that of George W. Bush.
