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WSWS : News & Analysis : North America
 
US Economy

     

9 May 2008
House of Representatives passes Democratic home mortgage bill backed by the Fed and banking industry

3 May 2008
US payrolls shrank by 20,000 jobs in April Net job loss in 2008 at 260,000

1 May 2008
US Federal Reserve cuts interest rates as housing slump, recession deepen

22 April 2008
Behind the US stock market rally

19 April 2008
As losses mount, US banks cut thousands of jobs

17 April 2008
In midst of recession, multi-billion-dollar paydays for US hedge fund managers

15 April 2008
Recession takes hold in US

12 April 2008
IMF cuts US growth forecast, warns of global slump

American Airlines cancels hundreds more flights

10 April 2008
Despite spreading recession, US CEOs rake in huge pay raises

5 April 2008
US jobless figures: The specter of a new depression

US Senate leaders agree on pro-industry housing bill

4 April 2008
US financial system faced collapse, bank regulators tell Senate hearing on Bear Stearns bailout

2 April 2008
Congressional Democrats defer to Fed Chairman Bernanke on Wall Street bailout

1 April 2008
US Treasury plan shields Wall Street speculators

27 March 2008
US: Hundreds of aging American Airlines planes grounded for inspection

26 March 2008
Home prices, consumer confidence plunge in US

22 March 2008
Recessionary trends deepen, sparking gyrations on stock, commodities markets

19 March 2008
In the wake of the Bear Stearns collapse
US Federal Reserve cuts interest rates again

18 March 2008
Shades of 1929: Bear Stearns collapse signals deepest crisis since Great Depression

US truck drivers squeezed by soaring diesel prices

17 March 2008
After the Bear Stearns bailout: Fears of more Wall Street failures

15 March 2008
Fed rescue of Bear Stearns raises specter of Depression-era crash

14 March 2008
Gold and oil prices soar, dollar slumps, Carlyle Group fund collapses

13 March 2008
US Federal Reserve injects $200 billion into credit markets to avert financial meltdown

12 March 2008
US food prices increase sharply

8 March 2008
US: 63,000 jobs lost as economy continues downslide

7 March 2008
Drive mounts for US government bailout of banks

4 March 2008
US: Student loans costs to rise from credit crisis

1 March 2008
US stocks plunge following Fed Chairman Bernanke's testimony before Congress

26 February 2008
US Federal Reserve downgrades economic growth forecast for 2008

20 February 2008
Detroit: highest home foreclosure rate in US

19 February 2008
US: Cities, education funds, transport authorities hit by credit crisis

15 February 2008
After $39 billion loss
GM offers buyouts to entire US hourly workforce

14 February 2008
Bush administration, banks announce another token measure on home foreclosures

8 February 2008
Slumping sales signal US recession; slowdown spreads to Europe

6 February 2008
Decline in US service industries heightens recession fears, sparks stock sell-off

2 February 2008
As layoffs and prices rise, Big Oil posts record profits

US: 17,000 jobs lost in January

1 February 2008
More signs of US recession as jobless claims jump

31 January 2008
US: Fed rate cut fails to stem recession fears

30 January 2008
US home foreclosures rise by 75 percent in 2007

25 January 2008
Congressional Democrats embrace Bush's economic stimulus plan

More US job cuts coming at Ford

24 January 2008
US recession fears provoke continued market turmoil

23 January 2008
US cuts interest rates amid fears of global financial collapse

Shielding Wall Street, US Supreme Court rejects Enron fraud case

22 January 2008
Threat of US recession panics global stock markets

21 January 2008
Amid record losses, Wall Street awarded itself $39 billion

US: General Motors to offer more job buyouts

19 January 2008
Bush announces "stimulus" plan as recession fears grip Washington

18 January 2008
As Wall Street posts sharp losses, Washington promotes "stimulus package"

15 January 2008
US bank losses intensify recession fears

12 January 2008
US Federal Reserve chairman warns of recession danger, promises more rate cuts

5 January 2008
Sharp rise in unemployment rate
US jobs report shows slide into recession

27 December 2007
Record Christmas bonuses on Wall Street

Record fall in US home prices

20 December 2007
Inflation surge hits consumers, compounds global banking crisis

Homeowners in Detroit suburb demand protection from foreclosures

19 December 2007
Detroit: second highest foreclosure rate in US

13 December 2007
Central banks coordinate actions amid fears of a global financial breakdown

12 Decemver 2007
US stocks plunge on Federal Reserve rate cut announcement

8 Decemver 2007
US employment report shows recessionary impact of housing and credit crisis

7 Decemver 2007
Bush unveils subprime mortgage scheme to bail out banks

Fear and greed: The financial crisis driving Bush's subprime mortgage plan

3 Decemver 2007
Plan to freeze some subprime mortgage rates
Bush administration intervenes to shield Wall Street from housing meltdown

29 November 2007
Citigroup deal highlights US banking crisis

27 November 2007
Credit crisis reveals widespread accounting manipulation by top US banks

21 November 2007
US recession fears grow as bank losses mount

15 November 2007
US home foreclosures nearly double from a year ago

13 November 2007
Bankrupt US auto parts giant seeks $216 million for executive bonuses

7 November 2007
Near-panic atmosphere as US Federal Reserve chairman testifies before Congress

6 November 2007
Citigroup ousts CEO, warns of billions more in subprime losses

3 November 2007
Stock market gyrations fueled by credit, housing market crises

1 November 2007
US Federal Reserve accedes to Wall Street demands with another interest rate cut

30 October 2007
The rise and fall of Merrill Lynch CEO Stanley O'Neal

26 October 2007
Merrill Lynch reports billions in losses amidst growing signs of US recession

18 October 2007
US government brokers scheme to bail out Wall Street banks

10 October 2007
Democrats bow to Wall Street, saving tax break for billionaires

20 September 2007
Contradictions mount in US and world economy in wake of Fed rate cut

19 September 2007
US Fed rate cut fires up Wall Street

10 September 2007
Bush administration pushes for looser mining regulations

4 September 2007
Wall Street hides impact of subprime mortgage meltdown

1 September 2007
Bush rejects "bailout" for homeowners, vows aid to Wall Street

The social toll of the US home mortgage crisis
Part 2

31 August 2007
The social toll of the US home mortgage crisis
Part 1

22 August 2007
Foreclosures soar, layoffs mount in US mortgage industry crisis

Spate of massive recalls highlights failure of the free market

4 August 2007
Democrats back down on ending tax windfall for hedge-fund billionaires

1 August 2007
The historical roots of the crisis of Amtrak
American passenger rail system plagued with endemic delays

31 July 2007
Global credit crisis fuels stock market turmoil

27 July 2007
Mortgage lending crisis sparks Wall Street plunge

23 July 2007
United Auto Workers opens talks with US car companies

9 July 2007
US unions agree to impose cuts, run benefits program at auto-supplier Dana

26 June 2007
Doha Round trade talks collapse amid recriminations

25 June 2007
US auto union accepts massive wage cuts and layoffs in tentative pact with Delphi

The Blackstone IPO: $4 billion payday for private equity bosses

Bear Stearns organises bailout but concerns remain

US Supreme Court continues pattern of pro-corporate rulings

21 June 2007
Bear Stearns funds collapse hits subprime securities market

18 June 2007
US Senate stalls on corporate-driven energy bill

16 June 2007
US: Education no escape from stagnant wages

2 June 2007
US: Dell, Motorola, IBM announce new job cuts

31 May 2007
Gasoline prices and the "free market": Refiners profit after reducing capacity

30 May 2007
The Cerberus-Chrysler deal: The case for public ownership of the auto industry

21 May 2007
After the Chrysler sale--Cerberus set to demand massive concessions

17 May 2007
The Cerberus takeover of Chrysler--what it means for auto workers

16 May 2007
A new business model emerges
Why the United Auto Workers supports Cerberus' take-over of Chrysler

15 May 2007
A historic betrayal of auto workers
United Auto Workers capitulates to carve-up of Chrysler

Gas prices rise as oil companies take in record profits

8 May 2007
New York electric company seeks 17 percent rate hike

5 May 2007
US jobless rate increases
Falling employment, stagnant wages fuel US corporate profits

4 May 2007
Corporate asset strippers vie for Chrysler

28 April 2007
US economic growth slows as housing bubble deflates

27 April 2007
Top hedge-fund managers average $540 million in income

26 April 2007
Toyota surpasses GM in global auto sales

19 April 2007
Oil company CEO nets $460 million in 2006

14 April 2007
Detroit Chrysler worker speaks out on impact of mass layoffs
"This is a major change in our lives and we have no control over it"

13 April 2007
Banking giant Citigroup to cut 17,000 jobs

12 April 2007
US steps up trade pressure on China

7 April 2007
New Ford CEO received $39.1 million in 2006

30 March 2007
US: Circuit City fires 3,400 better-paid store workers

28 March 2007
US auto executives grant themselves millions in bonuses

27 March 2007
Former government lawyer describes Bush administration meddling in landmark tobacco suit

14 March 2007
Big fall on Wall Street as mortgage debt problems grow

2 March 2007
Wild swings on Wall Street

27 February 2007
Shutdown of Chrysler plant hits Newark, Delaware

22 February 2007
Chrysler job cuts to hit Detroit area

15 February 2007
Chrysler cuts 13,000 North American jobs

14 February 2007
US Securities and Exchange Commission moves to further limit liability for corporate fraud

12 February 2007
New York loses out in world financial markets

7 February 2007
Bush administration stokes trade tensions with China

31 January 2007
Record losses for US automaker Ford

8 January 2007
Ousted Home Depot CEO hauls off $210 million severance package

27 December 2006
Rollback of post-Enron corporate regulations in US

9 December 2006
US jobs report: More factory and construction jobs lost

4 October 2006
The multi-billion dollar demise of hedge fund Amaranth

2 October 2006
Hewlett-Packard spying scandal sheds new light on US corporate "ethics"

27 September 2006
US gasoline prices: the "free market" and the November election

21 September 2006
DaimlerChrysler unveils downsizing plan

18 September 2006
Wall Street demands more plant closures, deeper cuts at Ford
DaimlerChrysler prepares new round of layoffs

16 September 2006
A symbol of American manufacturing's decline
Ford to slash 44,000 jobs

8 September 2006
Chipmaker Intel to cut workforce by 10,500

21 August 2006
Ford production cuts foreshadow more plant closures, layoffs

18 August 2006
Warnings of a US recession and global slowdown

9 August 2006
GDP growth down, housing sector suffering
Only 113,000 jobs added in US in July

5 July 2006
Job slashing at Heinz Foods and the role of private equity firms in corporate restructuring

3 June 2006
US job growth falls in May, amid signs of slowing economy

29 May 2006
The Enron verdicts: corruption and American capitalism

11 May 2006
Whirlpool layoffs latest in US corporate assault on jobs and wages

2 May 2006
US dollar fall raises questions on global stability

15 April 2006
An American oligarch: Former Exxon CEO leaves company with massive payout

12 April 2006
CEO pay in US continues its relentless climb in 2005

10 April 2006
US-China trade tensions escalate

1 April 2006
US auto supplier Delphi moves to cancel union contracts

23 March 2006
GM, Delphi, US autoworkers' union agree to massive job-cutting program

16 March 2006
US balance of payments deficit hits another record

10 March 2006
Former CFO testifies in Enron case

7 March 2006
AT&T acquisition of BellSouth to eliminate 10,000 jobs

1 March 2006
US Fed chairman Bernanke will not prick asset bubbles

25 February 2006
Bush administration shields corporations from safety rules, lawsuits

17 February 2006
US auto union pressures Delphi workers to accept concessions deal

Bankruptcy court approves Delphi executive bonuses

14 February 2006
US trade gap hits another record

10 February 2006
Trial of top Enron officials begins in Houston

8 February 2006
Ford job cuts will devastate working class communities

7 January 2006
US: IBM to freeze pension plan in 2008

4 January 2006
US: low-fare Independence Air to shut down

8 December 2005
US: Verizon to end defined-benefit pensions for 50,000 managers

3 December 2005
Ford to close five North American plants, cut 7,500 jobs

2 December 2005
Merck announces 7,000 layoffs--continued attack on jobs and wages in US

23 November 2005
GM job cuts will devastate North American cities

22 November 2005
General Motors to close 9 plants, slash 30,000 North American jobs

10 November 2005
US Senate feigns outrage over big oil's windfall profits

As jobs and wages decline Wall Street bonuses expected to soar again in 2005

5 November 2005
An inside job--US Labor Department and Wal-Mart's secret agreement on child labor

1 November 2005
Delphi demands US auto workers accept poverty wages

29 October 2005
Energy companies announce record profits amidst soaring prices for US consumers

26 October 2005
Bush names another "free market" ally of Wall Street to succeed Greenspan at the Federal Reserve

22 October 2005
US auto union goes to court against its own members

21 October 2005
US Senate rejects increase in minimum wage

15 October 2005
Ohio Delphi workers denounce company plan to halve wages and slash jobs

11 October 2005
Delphi outlines plant closings, wage-cutting in US bankruptcy filing

8 October 2005
Parts supplier threatens bankruptcy, plant closings
Delphi demands unprecedented wage cuts from US auto workers

1 October 2005
California housing bubble: an impending disaster for working people

30 September 2005
Jobless claims, an end to the housing bubble: storm signals for US economy

Hurricanes' destruction deepens US farm crisis

22 September 2005
US Federal Reserve hikes interest rates
No post-Katrina letup in assault on wages

19 September 2005
Northwest and Delta executives to make millions from bankruptcies

15 September 2005
Delta and Northwest airlines declare bankruptcy

9 September 2005
Report documents runaway American CEO pay and war profiteering

6 August 2005
Soaring prices, risky mortgages
Is the US housing boom turning toward bust?

3 August 2005
US Congress delivers for its corporate masters: CAFTA, transport and energy bills approved

2 August 2005
Democrats support nomination of anti-regulatory advocate to SEC

29 July 2005
US energy bill funnels billions to oil, utility corporations

US: mass layoffs continue, consumer confidence declines

22 July 2005
Enron unmasked, but not comprehended

21 July 2005
Greenspan points to "significant uncertainties" in US economy

20 July 2005
14,500 jobs to be slashed at Hewlett-Packard

16 July 2005
Former WorldCom CEO sentenced to 25 years
The rise and fall of Bernie Ebbers

23 June 2005
US: mass layoffs continue
Job cuts hit retail, auto industries

21 June 2005
US deficit hits a new record

9 June 2005
General Motors announces plans to eliminate 25,000 jobs in US

6 June 2005
US: slowest job growth in two years fuels concerns on economy

16 May 2005
Real wages fall as attack on US workers intensifies

\9 May 2005
Ford and GM debt reduced to junk bond status

2 May 2005
US growth rate points to global downturn

14 April 2005
The orgy continues: American CEOs pocket billions more in pay and perks

No pension crisis for US corporate bosses

5 April 2005
March jobs report shows US "recovery" offers no relief for workers

24 March 2005
Top insurance company mired in allegations of accounting fraud

18 March 2005
GM announces sharply lower profit figures Decline of auto giant highlights crisis of US manufacturing

Ebbers found guilty in WorldCom fraud: a case study of US corporate criminality

4 March 2005
US central bank chief backs budget cuts and privatization

25 February 2005
Financial markets shaken by US dollar scare

15 February 2005
US multinationals awarded huge tax break on foreign earnings

11 February 2005
SBC buying AT&T for $16 billion--25,000 telecommunications jobs to go

9 February 2005
New evidence of Enron's criminal role in California's energy crisis

8 February 2005
Jobs and wages picture remains bleak for millions in US

3 February 2005
US Federal Reserve lifts interest rates

22 December 2004
Dollar devaluation cannot right the US economy

4 December 2004
US jobs and sales figures indicate weakening economy

18 November 2004
Kmart-Sears merger threatens thousands of US jobs

8 November 2004
US debt ceiling to be lifted

30 October 2004
Expanding Halliburton probe confirms Bush administration is most corrupt in US history

29 October 2004
Bid-rigging scandal envelops top insurance broker in US

12 October 2004
US corporations continue to slash thousands of jobs

11 October 2004
Crisis in the US airlines industry: the case for public ownership

8 October 2004
Medicine and the market: the Vioxx and flu vaccine debacles

27 September 2004
Forbes 400 list of richest Americans: snapshot of a financial oligarchy

17 September 2004
Conrad Black and Hollinger International: a financial oligarchy out of control
Part two

16 September 2004
Conrad Black and Hollinger International: a financial oligarchy out of control
Part one

4 September 2004
US: August jobs report provides no relief for workers

3 September 2004
Greenspan warns cuts to Social Security may be "abrupt and painful"

28 August 2004
New Bush administration rules slash overtime pay for millions of workers

24 August 2004
Bank with close ties to Bush administration engulfed in scandal

7 August 2004
July jobless figures debunk claims of US economic recovery

31 July 2004
United Airlines halts pension payments: a major attack on retirement programs in US

26 July 2004
Chairman of US Federal Reserve assures Congress wages will be kept low

23 July 2004
Growing imbalances belie Greenspan's confidence

22 June 2004
US balance of payments gap widens again

15 June 2004
Enron tapes expose blatant criminality of corporate America

5 May 2004
US: Outsourcing threatens one in six jobs in Silicon Valley

21 April 2004
US: opposition erupts over rule to expense stock options

17 April 2004
US tax agency gives big business a free ride--corporate audits drop

14 April 2004
Chemical giant DuPont announces 3,500 job cuts

3 April 2004
US jobless rate climbs to 5.7 percent in March

1 April 2004
Pay soars for Wall Street CEOs

22 March 2004
13,000 jobs to be cut in merger of giant banks
Bank of America-FleetBoston deal highlights the criminalization of the US corporate elite

6 March 2004
US job growth at a standstill

24 February 2004
Former Enron CEO Jeffrey Skilling indicted

16 February 2004
Greenspan testimony points to deepening US fiscal crisis

14 February 2004
Bush budget freezes social spending to pay for military buildup

US: Over 100,000 job cuts announced in January

12 February 2004
US-Australia trade deal: Another step in the "Balkanisation" of the world market

US: Record number of long-term unemployed losing benefits

4 February 2004
US budget deficit to hit half a trillion dollars

26 January 2004
Beef industry, federal regulators long ignored warnings
Mad cow discovery punctures myth of US firewall against disease

23 January 2004
Kodak axing up to 15,000
Bush touts pittance for worker training as job cuts mount

10 January 2004
US job growth virtually zero in December

5 January 2004
Twenty-five percent increase in poverty in Michigan

31 December 2003
US: Hundreds denied early retirement at Verizon telecommunications

27 December 2003
Behind the economic "recovery"
Hunger and homelessness in US continue to rise in 2003

22 December 2003
On the social crisis in Oregon--and the political malaise in the US

13 December 2003
US: Hundreds of job cuts hit Oregon's manufacturing sector

11 December 2003
A holiday "gift" for the jobless
US Congress blocks extension of federal unemployment benefits

6 December 2003
Marginal rise in US employment in November

25 November 2003
Whither the US dollar?

21 November 2003
No agreement in Miami on FTAA
Free trade lite deal papers over US-Latin American conflict

20 November 2003
More telecommunications jobs eliminated
US: 21,000 Verizon workers accept buyout

18 November 2003
Los Angeles County and public employees union reach tentative contract

10 November 2003
US mutual fund industry hit by fraud scandal

Michigan: Borders workers strike in Ann Arbor

8 November 2003
US: Job cuts mount amid signs of upturn

13 October 2003
California supermarket chains mount strikebreaking drive against grocery workers

30 September 2003
NYSE's $188 million man forced out
Grasso and Wall Street's "governance" crisis

26 September 2003
US Congress passes $368 billion for Pentagon war machine

9 September 2003
$140 million cash payout for New York Stock Exchange CEO

8 September 2003
US: Verizon contract paves way for large-scale downsizing

6 September 2003
11 million remain jobless in US

5 September 2003
Letter from a FirstEnergy worker on the US blackout

25 August 2003
General Motors: From auto manufacturer to financial institution

23 August 2003
The North American blackout: deregulation, profit and the decay of the social infrastructure

A profile of Ohio-based FirstEnergy
Enron was no aberration

11 August 2003
Massive job cuts in California

US interest spike could hit home mortgage market and economy

6 August 2003
California budget imposes massive spending cuts

5 August 2003
Citigroup, Morgan Chase fined for Enron deals: corruption at the heights of American finance

4 August 2003
470,000 stopped looking for work in July
Long-term unemployment on the rise in US

1 August 2003
Freddie Mac report: a further exposure of profit manipulations

29 July 2003
Bush attack on overtime pay passes House

23 July 2003
US recession declared over but economic problems deepen

18 July 2003
US: Tax shelters for the rich starve state budgets

16 July 2003
439,000 file new claims
US unemployment lines hit 20-year peak

24 June 2003
Software giant Oracle bids for right to destroy jobs

20 June 2003
New reports on criminality at WorldCom

19 June 2003
US authorities investigating but
Still no answers on Freddie Mac crisis

12 June 2003
US mortgage financier in derivatives trouble
What is going on at Freddie Mac?

10 June 2003
Martha Stewart: the indictment of an American icon

4 June 2003
US-Europe tensions grow as Washington talks down the dollar

21 May 2003
Dollar decline accelerates as US treasurer abandons "strong" currency policy

8 April 2003
War cannot resolve mounting US economic problems

26 February 2003
US: Bethlehem Steel to terminate health and insurance benefits for 95,000 retirees

25 February 2003
Record US trade deficit highlights global imbalances

15 February 2003
Bush budget plan attacks public education
Last of five articles on Bush's 2004 budget proposal

14 February 2003
The Bush budget: subverting Medicare and Medicaid
Part four of five articles on Bush's 2004 budget proposal

13 February 2003
Bush budget targets the poor
Part three of five articles on Bush's 2004 budget proposal

12 February 2003
Welfare for the wealthy: the Bush tax plan
Part two of five articles on Bush's 2004 budget proposal

11 February 2003
The Bush budget: blueprint for a right-wing assault on the working class

Growing criticism of Bush budget deficit

5 February 2003
Financial crisis staggers California
Governor outlines draconian budget cuts

4 February 2003
US economy stalls in fourth quarter

29 January 2003
Corporate bankruptcies exhaust US pension guaranty fund

28 January 2003
US faces record budget deficits, new spending cuts

25 January 2003
US Senate upholds Bush aid to air polluters

21 January 2003
Trade deficit up, as US economy turns down

18 January 2003
Mass jobs destruction at US retailer Kmart

15 January 2003
Bush tax cut provides billions for the wealthy

California universities and public schools face massive budget cuts

11 January 2003
US: 101,000 jobs lost in December

6 January 2003
Unions accept massive cutbacks at US Airways

3 January 2003
New US pension rules to cut benefits for millions of retirees

14 December 2002
Bush reshuffles economic officials: more CEOs and bankers

11 December 2002
United Airlines bankruptcy signals new attacks on US workers
US Airways and American seek millions in concessions

7 December 2002
US unemployment surges in November

US home foreclosures hit highest level in 30 years

6 December 2002
US manufacturing continues to decline: thousands more layoffs

28 November 2002
Bush's Christmas gift to the jobless: one million lose benefits December 28

15 November 2002
US economic outlook: fears of renewed recession--and worse

2 November 2002
Amid growing signs of new recession
US job cuts continue to mount

Unemployment benefits running out for over 3 million US jobless

5 October 2002
US job cuts accelerated in September

2 October 2002
Capital markets are "not functioning"
Wall Street suffers worst quarter since 1987

Crime pays: CEOs rake it in as stocks and jobs evaporate

28 September 2002
Utilities commission charges energy companies with fraud in California crisis

27 September 2002
US poverty rose sharply in 2001

24 September 2002
Global imbalances are "unsustainable" says IMF

18 September 2002
The stock market bubble and Mr Greenspan

17 September 2002
General Electric's Jack Welch and the corporate plundering of America

7 September 2002
US layoffs mount--68,000 lost factory jobs in August

29 August 2002
Is the US economy heading into deflation?

Ullico: The AFL-CIO's corporate scandal

27 August 2002
Enron executive pleads guilty

17 August 2002
Bush's economic forum: a stage-managed farce

13 August 2002
US Airways files for bankruptcy
Signals new assault on airline workers

10 August 2002
Analysts warn of "double dip" recession
Signs of sharp downturn in US economy

8 August 2002
Bipartisan bankruptcy "reform" punishes US consumers, rewards banks

1 August 2002
How George W. Bush made his millions

25 July 2002
Bush comments fail to halt market roller coaster

19 July 2002
Wall Street plunge swells US government deficit

18 July 2002
Little substance in Greenspan's reassurances

Head of Bush's "financial crimes swat team": a fox to guard the henhouse

12 July 2002
Wall Street crisis staggers Bush

9 July 2002
On eve of Wall Street speech
Bush's past business dealings come back to haunt him

8 July 2002
June unemployment figures show US "recovery" is jobless

2 July 2002
Drawing the lessons of WorldCom

1 July 2002
Xerox restates billions in revenue: yet another case of accounting fraud

29 June 2002
WorldCom spearheads US job cuts

28 June 2002
Threatened collapse of WorldCom sends political establishment into crisis

22 June 2002
Enron execs looted company prior to bankruptcy

18 June 2002
US dollar's "virtuous circle" may be turning vicious

Tyco: US conglomerate falls amid revelations of greed and corruption

8 June 2002
US companies slashed thousands of jobs in May

Two decades of rising inequality
Recession intensifies social polarization in the US

5 June 2002
Wall Street broker rebuked for misleading investors

21 May 2002
US under fire over steel and farm policies

17 May 2002
Number of US workers on jobless benefits hits 19-year high

10 May 2002
Enron defrauded California out of billions during energy crisis

4 May 2002
Sharp rise in US jobless rate

US growth figures don't square with business perceptions

29 April 2002
AOL Time Warner announces record loss

27 April 2002
US companies lay off thousands as jobless claims climb

25 April 2002
Hearings reveal Enron at center of California energy crisis

18 April 2002
The Enronization of American business
Michigan auto supplier robs workers' wages, pensions, health benefits

17 April 2002
The case of Clifford Baxter: more questions raised over alleged suicide of Enron executive

16 April 2002
How Merrill Lynch boosted "junk" stocks

13 April 2002
US jobless claims hit highest level in 19 years

5 April 2002
A peculiar economic recovery in the US

27 March 2002
US economic recovery predicted but "imbalances" worsen

20 March 2002
PBS documentary probes initial public offering swindles of 1990s

9 March 2002
US retailer Kmart cuts 22,000 jobs

8 March 2002
Steel decision threatens to spark trade war

5 March 2002
Greenspan knew share market boom was a financial "bubble"

28 February 2002
Greenspan predicts US "recovery" but sounds some warnings

22 February 2002
Enron VP tells Congress she feared for her life
But media remains silent on Baxter "suicide"

21 February 2002
Enron fallout is spreading

20 February 2002
Two exchanges on the US economy

14 February 2002
US layoffs continue to mount in new year

7 February 2002
Claims of US "recovery" look premature

4 February 2002
California's economic downturn: history repeats itself

2 February 2002
Revenue shortfalls lead to job losses and funding freezes in New Jersey

31 January 2002
US Fed decision not a vote of confidence

29 January 2002
The Enron collapse and the crisis of the profit system

26 January 2002
Retailing giant Kmart files for bankruptcy

18 January 2002
Enron and the Bush administration: kindred spirits in fraud and criminality

17 January 2002
Thousands more US layoffs in wake of Ford job-slashing

14 January 2002
Workers lose jobs, health care and savings at Enron

12 January 2002
Ford to cut 35,000 jobs worldwide, 22,000 in North America

10 January 2002
New York Times defends Bush on links to Enron corporate fraud

5 January 2002
Two million jobs wiped out in 2001
US unemployment rate jumps to 5.8 percent

4 January 2002
From power shortage to power surplus
California's energy debacle continues

21 December 2001
Holiday gift from US corporations--more job cuts and plant closures

15 December 2001
US companies shed 800,000 jobs in two months
Retail sales drop a record 3.7 percent

13 December 2001
US: shares of Cheney's former company hit hard

12 December 2001
US Fed cuts again amid deflation fears

8 December 2001
US jobless rate hits six-year high

6 December 2001
Enron: The real face of the "new economy"

30 November 2001
A revealing speech by a US Federal Reserve Board governor

28 November 2001
US recession now official: "new economy" expansion one of weakest on record

22 November 2001
Corporate war at home continues
Bush moves to block strike by United Airlines mechanics

7 November 2001
Concerns that US may be going down the Japan road

Millions of unemployed finding US safety net in shreds

5 November 2001
In the guise of "economic stimulus"
Bush pushes new tax windfall for the rich

3 November 2001
Biggest jump in US jobless rate in 20 years

20 October 2001
US jobless claims approach nine-year high

18 October 2001
How the US airlines got their $15 billion bailout

16 October 2001
Union officials accept deal to end Minnesota state workers strike

15 October 2001
Job cuts continue to mount in US

12 October 2001
Bush's economic plan: a wartime gift to corporate America

9 October 2001
Layoffs soar throughout US economy

5 October 2001
Suspicious trading points to advance knowledge by big investors of September 11 terror attacks

3 October 2001
Fed cuts rates again with US recession "no longer in doubt"

2 October 2001
Governor uses National Guard as strikebreakers
30,000 state workers walk out in Minnesota

1 October 2001
New York economy hit hard by terror attacks

US jobless claims soar

26 September 2001
US bails out airlines, ignores plight of workers

24 September 2001
CEO pay soars as US stocks plummet

20 September 2001
No truce in the corporate war at home
US air industry launches massive attack
on jobs

18 September 2001
Record one-day point fall on Wall Street

8 September 2001
US jobless total leaps by half a million to highest in four years

5 September 2001
Stocks plunge amid fears of world slump

1 September 2001
Mounting layoffs fuel drop in US consumer confidence

28 August 2001
Minutes point to mounting problems for the US Fed

US unemployment claims hit nine-year high as jobs cuts continue

22 August 2001
Fed cuts rates but markets fall

4 August 2001
US manufacturing slump continues: 49,000 factory jobs slashed in July

30 July 2001
Lucent Technologies to cut 15,000 to 20,000 more jobs

28 July 2001
Slumping US economy spurs new round of international job-cutting

26 July 2001
Californians express growing opposition to energy companies

21 July 2001
Jobs destruction continues in US

19 July 2001
Greenspan points to further economic weakness

13 July 2001
US job losses highest since '91 recession

6 July 2001
The Microsoft lawsuit: Appeals court ruling favours company

28 June 2001
Fed interest rate cut will not halt US downturn

21 June 2001
US and Europe split on GE takeover of Honeywell

18 June 2001
US industrial output falls for the eighth consecutive month

9 June 2001
More evidence of price-gouging in California energy market

26 May 2001
Fallout from energy deregulation continues: Californians hit by sharp rise in electricity rates

16 May 2001
US Fed cuts rates citing decline in investment

5 May 2001
US suffers largest job loss since February 1991

US regulatory commission sanctions profit-gouging by energy suppliers to California

30 April 2001
Job cutting continues in the slumping US market

23 April 2001
New unemployment claims at five-year high as US companies slash thousands of jobs

12 April 2001
California energy crisis deepened by bankruptcy filing of utility company

7 April 2001
US unemployment rate rises in March as businesses slash nearly 8,000 jobs a day

31 March 2001
Job cuts continue as US economic growth slows to lowest rate in five years

20 March 2001
US stock market slide: a turning point in American and world politics

14 March 2001
Stock markets take a "fundamental" hit

13 March 2001
Bush tax cut campaign piles lie upon lie

How Bush's tax cut plan favors the rich

US auto industry slump leads to more job losses

5 March 2001
Surplus value and the Bush tax cut plan

1 March 2001
Slowdown in US economy to continue, says Greenspan

As mass layoffs continue to mount
Fed chairman, news media attempt to sooth fears over US recession

19 February 2001
As layoffs continue, US consumer sentiment lowest since 1993

15 February 2001
US Court rejects Napster appeal

14 February 2001
Two decades after the Chrysler bailout: US auto workers face new assault

Testimony highlights Greenspan's erratic course

13 February 2001
California energy crisis continues as state moves to bail out utility firms

8 February 2001
Is the US economy on the Japanese road?

1 February 2001
US economy shows weakest economic growth in five years
Layoffs mount, consumer confidence plummets

31 January 2001
Detroit Chrysler workers react to company plans to slash 26,000 jobs
"It's going to mean longer lines at the employment center"

30 January 2001
DaimlerChrysler to wipe out 26,000 jobs in its US division
Six plants to be closed over the next two years

29 January 2001
Rising fuel costs in US punish consumers, boost profits for big oil companies

27 January 2001
US central bank chief boosts Bush tax cut for the wealthy

26 January 2001
DaimlerChrysler to cut thousands of US auto jobs

20 January 2001
Mounting layoffs in US point to onset of recession

16 January 2001
Mass layoffs hit US auto industry

5 January 2001
Surprise cut in US interest rates highlights alarm over sinking economy

30 December 2000
US economy on the way to recession

28 December 2000
Edison threatens blackouts
Electrical utilities hold California hostage

20 December 2000
As Bush comes to Washington, US economy heads towards recession

13 December 2000
GM to phase out Oldsmobile brand and cut 16,000 jobs in the US and Europe

2 December 2000
Growing signs of US economic downturn--job cuts hit auto and technology sectors

29 November 2000
US trade deficit a sign of growing problems

28 November 2000
DaimlerChrysler to cut thousands of jobs in North America

16 November 2000
Election turbulence adds to US economic worries

6 November 2000
On eve of US elections: auto plants idled and layoffs swell

1 November 2000
Layoffs mount as US economic slowdown continues

31 October 2000
Sharp slowdown in US growth rate

5 October 2000
Debt-fueled US economy set up for a fall

3 October 2000
Thousands of jobs cut amid signs of US economic slowdown

25 September 2000
The Firestone tire recall: a case study in the contradiction between public need and private profit

19 September 2000
US dollar surge brings currency market turmoil

5 September 2000
The Firestone recall--corporations scramble to retain image amid further allegations

1 September 2000
Federal Reserve conference spotlights financial instability

28 August 2000
Record US trade deficit a symptom of deeper economic problems

19 August 2000
US job cuts hit truck manufacturing, banking and Internet companies

16 August 2000
Firestone recalls millions of tires in US following accident reports
Ford charges strikebound Illinois plant produced defective radials

2 August 2000
Big job cuts in US bank, auto, oil and retail sectors

29 July 2000
US Congress pushes tax windfalls for the wealthy

24 July 2000
Thousands of job cuts in the US

20 June 2000
The implications of the US economy's reliance on a huge capital inflow

9 June 2000
Wall Street hails signs of downturn in US economy

27 May 2000
GM, Ford idle 1,365 workers--auto industry layoffs signal coming downturn in US economy

25 May 2000
US trade deficit hits new monthly record

18 May 2000
US Federal Reserve raises interest rates in preemptive move against wage increases

5 May 2000
Time Warner pulls the plug on ABC: Flashpoint in economic war among media giants

2 May 2000
The Microsoft law suit, software development and the capitalist market

22 April 2000
US supermarket chain slashes 11,000 jobs

17 April 2000
Wall Street's crisis and the shattering of illusions

13 April 2000
Sell-off of high-tech stocks reveals fragility of US financial boom

10 April 2000
Wall Street and the commercial exploitation of the human genome

8 April 2000
Two days after antitrust ruling, White House, Congress hail Microsoft billionaire

4 April 2000
Office equipment giant Xerox cuts 5,200 jobs

1 April 2000
Central banker points to US deficit worries

22 March 2000
US interest rate rise to fuel economic policy conflicts

17 March 2000
Tribune and Times-Mirror combine-US media monopolies grow larger

11 March 2000
Why bad news for workers is good news for Wall Street

19 February 2000
US stocks fall sharply after Greenspan warning

12 February 2000
Clinton's final budget calls for military buildup, fiscal austerity

A scare on US bond markets

10 February 2000
Boeing technical workers strike US aerospace giant

28 January 2000
Coca-Cola to eliminate 6,000 jobs in worldwide restructuring

27 January 2000
The new year brings thousands of new job cuts in the US

14 January 2000
AOL buyout of Time Warner: merger frenzy sweeping corporate America

13 January 2000
Both parties applaud reappointment of Greenspan to head US Federal Reserve

10 January 2000
1999 saw near-record job cuts in the US

13 December 1999
Clinton lectures the world on labor standards--but what is the state of workers' rights in America?

8 November 1999
US unemployment figures show decline in job growth and stagnating wages

1 November 1999
Clinton, Republicans agree to deregulation of US financial system

18 October 1999
Wall Street's bleak week: a warning of things to come?

7 October 1999
Monopolies grow ever bigger: US telecom merger tops $100 billion mark

30 September 1999
US-Japan conflicts over rising yen

25 September 1999
US corporations cutting jobs at fastest pace in a decade

11 September 1999
CBS-Viacom merger: monopolies tighten their grip on the media

31 August 1999
Greenspan's warning: confidence appears normal until the moment it is breached

25 August 1999
Trade deficit fuels fears of dollar crisis

24 August 1999
Wall Street's dirty secret: 1990s boom based on smashing of labor in the 1980s

21 August 1999
Kellogg and Pratt & Whitney top list of US job cuts

12 August 1999
US job cuts continue at record pace

10 August 1999
Dollar fears spark market jitters

7 August 1999
Crisis of overproduction devastating American agriculture

6 August 1999
Dow and Union Carbide to merge: two companies that have profited from the deaths of thousands

29 July 1999
Dollar fears send tremor through markets

28 July 1999
An exchange about the financial bubble in the US economy

22 July 1999
Record trade deficit in US fuels tensions with Europe and Asia

8 July 1999
When will the US "debt bomb" explode?

6 July 1999
US manufacturing and mining jobs continue to decline

2 July 1999
General Motors closes Buick City complex in Flint, Michigan

1 July 1999
Federal Reserve opts for small interest rate rise
US "bubble" continues to inflate

19 June 1999