1 May 2021 — Counter Currents
“Digital” economy and work, like the imagined and claimed “4th industrial revolution”, are mesmerizing many scholars that lead them to chorus: “Blue-collars are gone, gone are smoke spewing chimneys, so is Marx”. But, do facts support those scholars’ choir “Cancel Marx” even if data related to blue-collar employees are ignored?
9 September 2020 — Jack Rasmus
by jackrasmus
Two well-known and highly respected mainstream economists, Carmen Reinhart, a chief economist for the World Bank, and Vincent Reinhart, chief economist for Morgan Stanley bank, have recently published an article in the widely read capitalist source, Foreign Affairs, entitled ‘The Pandemic Depression’. Arguing primarily from a global perspective, the economists have concluded the US economy as of the 3rd quarter 2020 is not merely now experiencing a ‘great recession’ but now qualifies as another Great Depression.
6 July 2020 — WSWS
In March, the Johnson government announced that those receiving welfare benefits including Universal Credit (UC) would not be sanctioned as they normally would if they failed to look for work or otherwise fulfilled their benefit conditionality.
6 April 2020 — Michael Roberts Blog
There are now two billion people across the world living under some form of lockdown as a result of the coronavirus pandemic. That’s a quarter of the world’s population. The world economy has seen nothing like this. Nearly all economic forecasts for global GDP in 2020 are for a contraction of 3-5%, as bad if not worse than in the Great Recession of 2008-9.
8 March 2020 — Jack Rasmus
US politicians and media are reporting approximately 500 cases of the virus in the US as of March 8. The actual number is almost certainly much higher, however. Perhaps as much as 10-fold that number, according to some sources. Why?
12 July 2019 — Terry Bell Writes
Last month saw the idea of a new, 21st Century city, complete with bullet trains, widely broadcast, all within the framework of a “developmental state”. But what this really boiled down to was a rehash of 20th Century concepts that produced Shenzhen, Brazilia, Canberra — even London’s Barbican — and, of course, the bullet trains and economic resurgence of post war Japan.
5 June 2019 — WSWS
The Australian telecom giant Telstra announced Tuesday that it would eliminate the jobs of 10,000 contract workers over the next two years, after having laid off 5,000 contractors last year.
9 July 2014 — Global Research
Washington can’t stop lying. Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment rate are more fiction than reality.
1 July 2014 — WSWS
The opposition Labour Party will end the entitlement to unemployment benefits for those aged between 18 and 21 if it comes to power, leader Ed Miliband announced.
21 June 2014 — WSWS
A poll by the Guardian /ICM turned what the newspaper described as a “spotlight on the anxiety of a nation.” The poll underscored the economic insecurity experienced by many workers and youth.
27 May 2014 — WashingtonsBlog
The definition of death rattle is a sound often produced by someone who is near death when fluids such as saliva and bronchial secretions accumulate in the throat and upper chest. The person can’t swallow and emits a deepening wheezing sound as they gasp for breath. This can go on for two or three days before death relieves them of their misery. The American retail industry is emitting an unmistakable wheezing sound as a long slow painful death approaches. Continue reading
31 March 2014 — WSWS
The British government has greatly increased the number of sanctions against benefit claimants, resulting in their benefits being “stopped.”
27 March 2014 — WSWS
Labour Party Leader Ed Miliband has launched Labour’s Jobs Guarantee scheme, aimed at young people age 18 to 25 who have been unemployed for 12 months or more.
7 March 2014 — RT
If someone had told me a decade ago that the British government would deliberately starve my fellow countrymen in an attempt to bully them into slave labor jobs that wouldn’t even pay the bills, I would have laughed in their face. Continue reading
8 January 2014 — Global Research
British Chancellor George Osborne this week announced massive cuts of £25 billion after 2015. This included further welfare cuts of £12bn. Osbourne said that 2014 would be a year of hard truths. He claimed that his economic policies were working, but admitted that the bad news is there’s still a long way to go.
8 January 2014 — WSWS
One in 10 young people in Britain feel they have “nothing to live for.”
This was the disturbing finding of a YouGov poll conducted for the Prince’s Trust that grabbed recent headlines.
8 November 2013 — RT
Millions of hardworking families can no longer afford a social life, shoes for their children, to go swimming or to the cinema. Not satisfied with their seventh home, brace of sports cars and servants, the rich are paying Tory politicians, press and the City to grind the faces of Britain’s poor into the dirt.
4 July 2013 — The Real News Network
President Silva’s austerity policies made Portugal a darling of the troika, but highly unpopular at home (inc. transcript)
4 July 2013 — The Real News Network
President Silva’s austerity policies made Portugal a darling of the troika, but highly unpopular at home (inc. transcript)
12 June 2013 — RT
Between 2010 and 2011, 70 per cent of employees who stayed in the same job fronted real wage cuts, while a third of those workers faced nominal wage freezes or cuts (12 per cent experienced freezes and 21 per cent experienced cuts).
The New Dark Age 