Inequality in America
The drug lobby demands, and gets, Obama pledge to protect health care profits
By Kate Randall, August 7, 2009
The Obama White House has acknowledged it made a deal with drug makers to block moves in Congress to obtain any cost savings beyond the $80 billion already agreed to by the pharmaceutical lobby.
Billions in bonuses for bailed-out bankers
By Patrick Martin, August 1, 2009
Nine Wall Street banks that were among the biggest recipients of the US government bailout paid nearly $33 billion in bonuses last year, including awards of $1 million or more to nearly 5,000 people.
Hunger, poverty on the rise in Chicago area
By Kristina Betinis, July 1, 2009
As unemployment rises and the state of Illinois experiences yet another budget crisis, a growing number of working people are falling into poverty.
Record bonuses at bailed-out US banks
By Andre Damon, June 25, 2009
Executives at Goldman Sachs were told last week that they could expect to receive their highest-ever bonuses this year.
While workers’ wages fall
Obama administration rejects limits on bankers’ pay
By Patrick Martin, June 11, 2009
The Obama administration announced Wednesday that it opposed any government-imposed limits on the salary and bonuses of the CEOs and other top officials of major banks that have received trillions of ...
Stoking hunger and homelessness: North Carolina jobless rate remains in double-digits
By Rosa Lexington, May 23, 2009
Unemployment in North Carolina remained at 10.8 percent in April, one of eight US states with double-digit jobless rates last month.
Video: Protesting students and parents speak to the WSWS
May 21, 2009
Both Kettering High School students and parents were eager to speak to WSWS cameras in defense of their principal and their school.
US: 12 million children face hunger and food insecurity
By Naomi Spencer, May 11, 2009
More than 12 million children are threatened with the risk of inadequate food and hunger in the US, including 3.5 million children under five years of age.
Wall Street pay back to pre-crash levels
By Barry Grey, April 28, 2009
The Obama administration is seeking to create conditions for the banks to make more money than ever and resume the semi-criminal policies that precipitated the deepest economic crisis since the Great ...
Wall Street Journal report: US executive perks “flourished” in 2008
By David Walsh, April 4, 2009
Executives in the health care industry led the way, with average compensation of $12.45 million, followed by technology CEOs at $8.83 million, those in consumer goods at $8.73 million, in oil and gas ...
Obama defends Wall Street as anger grows over bonuses, bailouts
By Patrick Martin, March 19, 2009
For the millions facing unemployment, foreclosure, poverty and homelessness there will be no bailout, and no million-dollar bonuses like those paid out to executives at AIG, with the consent of the Ob...
US: Congressional Democrats balk at rescinding tax cuts for the rich
By Bill Van Auken, March 11, 2009
Elements of the Obama administration’s $3.55 trillion 2010 budget proposal are facing stiff opposition from leading congressional Democrats who are determined to defeat attempts to rescind tax cuts ...
