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Link: http://rt.com/Top_News/2010-03-20/homeless-justice-chase-bank.html
Protestors took to the streets of New York demanding that one of America's biggest banks start to repay its billion dollar bailout and provide help for some of the city's homeless.
Link: http://www.guardian.co.uk/world/feedarticle/8998174
The U.S. needs major changes to its financial system so consumers are better protected, banks fortified and the economy safeguarded from sliding into another Depression, President Barack Obama said Saturday.
As the availability of electric cars expands, one of the largest U.S. home builders has begun offering to pre-wire homes for charging stations. Los Angeles-based KB Home has announced that it will offer the feature on custom-built homes so consumers won't have to add a high-voltage box later.
Link: http://www.afp.com/afpcom/en/taglibrary/thematic/economy
US President Barack Obama signs the HIRE Act, a 17.6 billion dollar jobs bill that encourages businesses to hire workers, alongside lawmakers during a ceremony in the Rose Garden at the White House in Washington, DC on Thursday. The legislation includes tax breaks for businesses that hire new workers and infrastructure investments.
Link: http://www.economyincrisis.org/content/chinese-asking-us-look-other-way
The Chinese government is fiercely resisting U.S. and international pressure to allow its currency to appreciate to a market-based level, launching an offensive on multiple fronts to try and discredit the allegations, garner international sympathy and lobby behind the scenes to prevent any action from being taken.
Link: http://www.economyincrisis.org/
“Joint venture agreements that allow American jobs to be outsourced in the midst of attempting to recover from the worst economic downturn since the Great Depression cannot be allowed. Now is not the time to make it easier to ship jobs overseas,” Rep. Tim Bishop said.
Link: http://wsws.org/articles/2010/mar2010/illi-m18.shtml
As the budget crisis in Illinois deepens, the state government is more openly seeking to use its deficits to push through long-planned attacks on the working class. Many of the measures being planned will severely impact students and youth, as well as teachers and educational workers, both active and retired.
Republicans are in denial. They're desperate to convince Democrats that passing comprehensive healthcare reform legislation will be the worst possible move they could make.
Link: http://wsws.org/articles/2010/mar2010/fran-m17.shtml
On March 12, thousands of students, teachers and parents took to the streets across France to protest education “reforms,” deteriorating working conditions, and job cuts.
Link: http://wsws.org/articles/2010/mar2010/bobb-m17.shtml
Robert Bobb, the emergency financial director hired by Michigan Governor Jennifer Granholm to oversee shrinking the Detroit public school system, announced his plan to close 45 more public schools on Monday.
Link: http://www.guardian.co.uk/business/2010/mar/16/federal-reserve-interest-rates-low
The Federal Reserve tonight reaffirmed its promise to keep interest rates low for an "extended period" while it waits for clear evidence of an upturn in the US economy.
Link: http://www.guardian.co.uk/business/2010/mar/16/pensions-deficit-ba-strike-unite
British Airways passengers face the threat of disruption on both sides of the Atlantic after the Teamsters, the powerful US trade union, confirmed last night it is meeting Unite representatives to discuss supporting a looming cabin crew strike.
Link: http://wsws.org/articles/2010/mar2010/pitt-m16.shtml
Curtis Mitchell died February 7 in his home more than 30 hours after both he and his wife, Sharon Edge, made the first of repeated calls to emergency 911 requesting an ambulance be sent to their home in the Hazelwood section of the city of Pittsburgh.
Link: http://www.economyincrisis.org/content/how-economy-was-lost-doomed-myths-free-trade
The American economy has gone away. It is not coming back until free trade myths are buried six feet under.