Archive | Commentary

  Lecture delivered at the Economic and Black Labor Forum, the Philadelphia Community Institute for Africana Studies, 22 October 22 2009 The present Great Recession is the latest and largest crisis of capitalism since the Great Depression of the 1930s.  During the Great Depression over half of all African-American men were unemployed.  The present Great […]

  To Candidate Member of the Politburo of the CC CPSU USSR Minister of Defense Comrade Dmitry Timofeevich Yazov Moscow, USSR Ministry of Defense The Afghan problem continues to attract attention in the sphere of international affairs.  It begins to cause a certain concern on the part of the Soviet people as well.  This is […]

The National Front of Resistance against the Coup d’Etát, facing the imminent signing of a negotiated agreement between the commission representing the legitimate President Manuel Zelaya Rosales and the representatives of the de facto regime, communicates the following to the Honduran people and the international community: 1. We celebrate the upcoming restoration of President Manuel […]

Crises expose the system’s irrationalities and wasteful resource allocations.  For example, Madoff and his many, smaller imitators reveal the tips of corruption icebergs.  More important, the crisis-induced fiscal emergencies looming in most of the 50 states demonstrate several absurdities in our economic system. The Center on Budget and Policy Priorities (CBPP) in Washington, DC monitors […]

187 with Cuba at the UN Alfredo Martirena Hernández was born in 1965 in Santa Clara, Cuba.  This cartoon was published by Rebelión on 1 November 2009.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). | | Print

  Notes of Anatoly S. Chernyaev Shevardnadze: In the country and in the provinces they created authoritative organizations for reconciliation.  They are working actively.  There is a special committee for refugees.  Many [rebel] bands — although they are not big — stopped armed struggle.  Najib leaves a very good impression.  However, not everybody supports him, […]

  Notes of Anatoly S. Chernyaev Gorbachev: My intuition tells me — something is worrisome.  I am afraid we are losing time!  Everybody is getting used to it.  I guess they say, well, there is a war going on, everything in its turn, such is life.  “The strange war!” — soon they will attach this […]

(for Hafiz) The stillest fall of all is the fall from grace.  No louder than a feather falling in a forest, and yet we fall.  There are many ways to kill a man.  Gun and knife will work well but to make a man irrelevant will also do, and what better way to ignore an […]

Mike Whitney: In your new book, The ABCs of the Economic Crisis: What Working People Need to Know, you allude to right-wing think tanks, like the Heritage Foundation and the American Enterprise Institute, which promote a “free market” ideology.  How successful have these organizations been in shaping public opinion about capitalism?  Do you think that […]

Washington, D.C. — News of a deal that would effectively end the coup d’etat in Honduras and restore democratically elected President Manuel Zelaya to office would be a “victory for democracy in the hemisphere” resulting from the continued resistance of the Honduran people and pressure from Latin American governments, Center for Economic and Policy Research […]

GDP grew at a 3.5 percent annual rate in the 3rd quarter, driven by a 22.4 percent jump in car sales, the result of the Cash for Clunkers (C4C) program.  This increase in car sales accounted for 42.0 percent of the growth in the quarter.  Consumption as a whole, which grew at a 3.4 percent […]

Personal income decreased $0.1 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $0.2 billion, or less than 0.1 percent, in September, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) decreased $47.2 billion, or 0.5 percent.  In August, personal income increased $17.4 billion, or 0.1 percent, DPI increased $14.1 […]

At long last and after decades of talking about doing something about the subsidies, there is a bill before Iran’s majlis to target (but not remove) subsidies.  I could not locate the bill itself but my impression is that it only addresses energy subsidies and not other subsidies such as food and medicine.  So far […]

  It is with deep sadness and concern that we announce the shooting death of Imam Luqman A. Abdullah, of Masjid Al-Haqq (Detroit, MI).  Imam Luqman was a representative of the Detroit Muslim community to the “National Ummah” and the general assembly (Shura) of the Muslim Alliance in North America (MANA). The Federal Bureau of […]

Among the conventional wisdom that we hear every day in the business press is that developing countries should bend over backwards to create a friendly climate for foreign corporations, follow orthodox (neoliberal) macroeconomic policy advice, and strive to achieve an investment-grade sovereign credit rating so as to attract more foreign capital. Guess which country is […]

The August Case-Shiller 20-City index showed a 1.0 percent rise in house prices for the month.  The index has now risen at a 12.7 percent annual rate over the last three months.  Prices rose in 16 of the 20 cities in the index, with only Charlotte, Cleveland, Las Vegas, and Seattle registering price declines for […]

“And tonight, let me tell you that, so long as I’m president, you will never have a stronger ally than the AFL-CIO.  That’s why we’re proud to stand with the JLC to oppose boycotting Israel.” — Remarks by Richard L. Trumka, President of the AFL-CIO, Jewish Labor Committee 2009 Annual Human Rights Dinner, October 27, […]

The UN General Assembly on Wednesday voted overwhelmingly to call for an end to the US embargo on Cuba. The vote was cast at the 192-member General Assembly with 187 in favor, three against and two abstentions. This is the 18th year that the General Assembly voted to urge an end to the US embargo. […]

“We are the children of an illusion that consisted in believing that the independences of our countries signified the end of colonization.” — Interview with Houria Bouteldja, spokesperson of the decolonial movement in France known as the “Mouvement des Indigènes de la République” (MIR — Movement of the Indigenous of the Republic).1 Why do you […]

Saadia Toor is an assistant professor at Staten Island College, author of a forthcoming book on Pakistan from Pluto Press, and part of the group Action for a Progressive Pakistan. The Pakistani Army has launched a major offensive against Taliban forces in the province of Waziristan.  What is behind this assault, and what impact will […]