US Economy
US home foreclosures at record high as jobs crisis deepens
By Andre Damon, November 20, 2009
The continued increase in home foreclosures is now driven largely by the sharp rise in unemployment.
Michigan job seekers speak to WSWS
By Naomi Spencer, November 20, 2009
Several hundred Detroit area residents attended a jobs fair Wednesday in nearby Livonia, Michigan, the latest of several similar events held in the area that have drawn unemployed residents seeking an...
Goldman’s mea culpa
By Andre Damon, November 19, 2009
Goldman Sachs’ CEO Lloyd Blankfein said Tuesday that his firm did things that were “clearly wrong” and “has reason to apologize for.” His mea culpa, in response to growing public anger over ...
As US debt tops $12 trillion, Obama calls for austerity
By Bill Van Auken, November 19, 2009
As the Treasury Department revealed that the US public debt has passed the $12 trillion mark, President Barack Obama issued a call for fiscal austerity, warning that without cutbacks, the economy coul...
US bailout inspector general faults windfall for AIG’s creditors
By Barry Grey, November 18, 2009
A report released Tuesday by Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP), criticizes Bush administration bank regulators and officials for agreeing to pay...
US workplace injuries underreported, study shows
By Tom Eley, November 18, 2009
he number of workplace accidents and illnesses in the US is vastly underreported, according to a survey by the Government Accountability Office.
Foreclosures rise, consumer sentiment falls in US
By Joe Kishore, November 14, 2009
Recently released data show a sharp increase in home foreclosures in the US from a year ago, while falling wages and job cuts take their toll on consumer spending.
Obama and the jobs crisis
By Jerry White, November 12, 2009
In the face of a record rise in joblessness, the Obama administration is continuing to demonstrate its callous indifference to the plight of millions of unemployed workers and their families.
Schools “pushed toward the edge of a cliff”
Educators discuss impact of Michigan cuts
By Tom Eley, November 12, 2009
As the state of Michigan moves forward with massive funding cuts for public education, the World Socialist Web Site discussed the ramifications with leading educators.
One million jobs at risk
Ten US states face budget disaster
By Patrick Martin, November 12, 2009
Two reports made public Wednesday underscore the colossal dimensions of the social and financial crisis in the United States. California and nine other US states face severe budget crises that could f...
California finances plummet less than three months after budget passage
By Kevin Martinez and Dan Conway, November 11, 2009
The California budget deficit of $1.1 billion comes less than 10 weeks after a balanced budget deal was reached by Governor Schwarzenegger and the state legislature.
Speculative recovery sows seeds of an even greater economic crash
By Barry Grey, November 10, 2009
The connection between soaring stock and other asset prices and a falling dollar points to the extraordinarily speculative and unstable character of what is being called a global economic recovery.
